Last update: Oct 2026

Cost of Living Comparison Between Pangyo and Medellin

For one person, living is cheaper in Pangyo: $1,460 a month against $1,589 in Medellin, rent and utilities included – about $1,500 less a year. Higher rent and utilities in Medellin outweigh lower spending on other living expenses.

72

Cost of Living Index in Pangyo
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Pangyo Living Index
77

Cost of Living Index in Medellin
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Medellin Living Index

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Pangyo

🇰🇷 South Korea

$1,460

/mo nomad

Medellin

🇨🇴 Colombia

$1,589

/mo nomad

Monthly Cost of Living

How much you'll spend in Pangyo and in Medellin

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Pangyo and in Medellin actually costs, broken down by who's living it.

A single person spends $1,460 per month in Pangyo vs $1,589 in Medellin, rent included.

Pangyo $1,460
Medellin $1,589

A couple spends around $2,303 per month in Pangyo vs $2,364 in Medellin, rent included.

Pangyo $2,303
Medellin $2,364

A family of three spends $3,145 per month in Pangyo vs $3,139 in Medellin, rent included.

Pangyo $3,145
Medellin $3,139

Pangyo is about 8% cheaper than Medellin, and outside of rent the biggest gap is in groceries.

Both Pangyo and Medellin sit above the global median – Pangyo by 9%, Medellin by 19%.

Meal at Budget Restaurant

$7.17 ₩9,634

$8.01 COP 25.8K

-10.49%

Three-Course Dinner for Two, Mid-Range

$30.05 ₩40.4K

$46.55 COP 149.9K

-35.45%

Fast Food Meal (McDonalds, etc)

$6.54 ₩8,788

$9.43 COP 30.4K

-30.65%

Cappuccino

$4.03 ₩5,407

$2.91 COP 9,374

38.49%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$1.51 ₩2,028

$1.75 COP 5,643

-13.71%

Water (0.33 liter bottle)

$0.71 ₩956

$1.32 COP 4,263

-46.21%

Local Beer (0.5 liter draught)

$2.96 ₩3,982

$3.13 COP 10.1K

-5.43%

Imported Beer (0.33 liter bottle)

$3.98 ₩5,348

$5.55 COP 17.9K

-28.29%

Milk (1 liter)

$2.30 ₩3,091

$1.41 COP 4,542

63.12%

White Bread (500g)

$3.19 ₩4,284

$2.44 COP 7,858

30.74%

Rice (white) (1kg)

$2.74 ₩3,682

$1.63 COP 5,245

68.10%

Eggs

$2.69 ₩3,615

$2.82 COP 9,084

-4.61%

Local Cheese (1kg)

$10.88 ₩14.6K

$9.69 COP 31.2K

12.28%

Chicken Fillets (1kg)

$7.91 ₩10.6K

$9.32 COP 30.0K

-15.13%

Beef Round Steak (1kg)

$21.43 ₩28.8K

$13.46 COP 43.3K

59.21%

Apples (1kg)

$7.68 ₩10.3K

$4.00 COP 12.9K

92.00%

Banana (1kg)

$3.62 ₩4,858

$1.48 COP 4,768

144.59%

Oranges (1kg)

$7.50 ₩10.1K

$2.12 COP 6,839

253.77%

Tomato (1kg)

$6.11 ₩8,201

$2.25 COP 7,253

171.56%

Potato (1kg)

$3.62 ₩4,859

$1.91 COP 6,155

89.53%

Onion (1kg)

$2.68 ₩3,596

$1.62 COP 5,214

65.43%

Lettuce (1 head)

$2.78 ₩3,740

$1.15 COP 3,696

141.74%

Water (1.5 liter bottle)

$1.28 ₩1,719

$1.26 COP 4,063

1.59%

Cigarettes 20 Pack (Marlboro, Camel)

$3.45 ₩4,635

$3.82 COP 12.3K

-9.69%

Wine (Bottle)

$18.84 ₩25.3K

$13.11 COP 42.2K

43.71%

Local Beer (0.5 liter bottle)

$2.29 ₩3,078

$1.60 COP 5,136

43.13%

Imported Beer (0.33 liter bottle)

$3.46 ₩4,649

$2.26 COP 7,263

53.10%

One-way Ticket (Public Transport)

$1.10 ₩1,479

$1.17 COP 3,770

-5.98%

Public Transport Monthly Pass (Regular Price)

$47.53 ₩63.8K

$75.0 COP 241.5K

-36.64%

Taxi Start (Normal Tariff)

$3.36 ₩4,515

$1.27 COP 4,098

164.57%

Taxi (Normal Tariff) (1km)

$0.66 ₩884

$2.05 COP 6,600

-67.80%

Taxi 1hour Waiting (Normal Tariff)

$13.05 ₩17.5K

$8.20 COP 26.4K

59.15%

Gasoline (1 liter)

$1.41 ₩1,891

$1.27 COP 4,088

11.02%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$30.8K ₩41.3M

$26.8K COP 86.2M

14.86%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$38.4K ₩51.6M

$34.4K COP 110.8M

11.60%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$199 ₩267.4K

$162 COP 522.3K

22.75%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$36.74 ₩49.3K

$13.12 COP 42.3K

180.03%

Internet (50+ Mbps, Unlimited Data)

$22.15 ₩29.8K

$28.09 COP 90.5K

-21.15%

Gym Membership (Monthly)

$51.2 ₩68.7K

$44.33 COP 142.7K

15.43%

Tennis Court (1 Hour on Weekend)

$11.91 ₩16.0K

$16.33 COP 52.6K

-27.07%

Cinema Ticket

$11.13 ₩14.9K

$6.09 COP 19.6K

82.76%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$526 ₩706.1K

$764 COP 2.5M

-31.22%

International Primary School, 1 Child (Yearly)

$21.7K ₩29.1M

$8,904 COP 28.7M

143.36%

Jeans (Levis 501 Or Similar)

$65.7 ₩88.2K

$85.0 COP 273.6K

-22.71%

Summer Dress (H&M, Zara, etc)

$64.1 ₩86.1K

$57.5 COP 185.1K

11.52%

Sport Shoes (Adidas, Nike)

$74.5 ₩100.1K

$132 COP 424.2K

-43.46%

Men's Leather Business Shoes

$101 ₩135.6K

$95.8 COP 308.3K

5.44%

1-bedroom Apartment, City Center (Monthly)

$478 ₩642.6K

$1,028 COP 3.3M

-53.47%

1-bedroom Apartment, Outside City Center (Monthly)

$361 ₩484.9K

$604 COP 1.9M

-40.27%

3-bedroom Apartment, City Center (Monthly)

$1,182 ₩1.6M

$1,802 COP 5.8M

-34.41%

3-bedroom Apartment, Outside City Center (Monthly)

$735 ₩987.8K

$993 COP 3.2M

-25.90%

Buy Apartment in City Center (m2)

$7,053 ₩9.5M

$3,921 COP 12.6M

79.88%

Buy Apartment Outside City Center (m2)

$5,546 ₩7.4M

$1,639 COP 5.3M

238.44%

Average Monthly Net Salary (After Tax)

$5,262 ₩7.1M

$626 COP 2.0M

740.38%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.1

10.94

-62.52%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Pangyo: October 4, 2026

Last update for Medellin: October 6, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Groceries & Markets

Pangyo

$433 29.3%

Medellin

$288 18.3% 33.3% $144

Accommodation & Living

Pangyo

$361 24.4%

Medellin

$604 38.3% 67.4% $243

Monthly Utilities & Internet

Pangyo

$258 17.5%

Medellin

$203 12.9% 21.2% $55

Eating Out

Pangyo

$157 10.6%

Medellin

$166 10.6% 6% $9.3

Clothing & Footwear

Pangyo

$137 9.3%

Medellin

$166 10.6% 21.2% $29

Sport & Entertainment

Pangyo

$73 5%

Medellin

$57 3.6% 23.1% $17

Getting Around

Pangyo

$59 4%

Medellin

$91 5.8% 55.7% $33

Cost Breakdown

A central one-bedroom costs $478 in Pangyo versus $1,028 in Medellin. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 740% higher in Pangyo, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

A mid-range dinner for two costs $30.00 in Pangyo versus $47.00 in Medellin. Groceries tell a different story – $433 in Pangyo vs $288 in Medellin – so Medellin wins on supermarket bills even if dining out costs more.

Good to know

🇰🇷 Pangyo

🇨🇴 Medellin

🕒 Local time

17:17 5:17 PM

03:17 3:17 AM

14 h behind Pangyo

🌤 Weather

👥 Population

2,486,723

💱 Currency

South Korean Won KRW ₩

Colombian Peso COP $

📈 Exchange rate

10,000 KRW = 7.45 USD

10,000 KRW = 6.64 EUR

10,000 COP = 3.11 USD

10,000 COP = 2.77 EUR

Exchange rates and currency converter

COP, USD, EUR to KRW – South Korean Won Converter

🇺🇸 United States Dollar ($)

🇰🇷 South Korean Won (₩)

South Korean Won exchange rates as of October 10, 2026: 1 USD = 1,343 KRW (10,000 KRW = 7.45 USD). 1 EUR = 1,506 KRW (10,000 KRW = 6.64 EUR).

Colombian Peso exchange rates as of October 10, 2026: 1 USD = 3,220 COP (10,000 COP = 3.11 USD). 1 EUR = 3,611 COP (10,000 COP = 2.77 EUR).

USD to KRW in detail →

On the map

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Highest

Between locations

Pangyo Medellin 14,620 km ≈ 19 h nonstop flight

From you

Pangyo
Medellin

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Pangyo vs Medellin: Cost of Living - Frequently Asked Questions

Yes – Medellin is pricier by about 9%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $2,191 per month in Pangyo and $2,384 in Medellin. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Pangyo, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $30.00 in Pangyo and $47.00 in Medellin. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $1,460 in Pangyo and $1,589 in Medellin. That's a gap of about 9%.

A $1,500 monthly budget goes further in Pangyo, where all-in costs run around $1,460, than in Medellin at $1,589. In Pangyo it covers expenses comfortably, while in Medellin it requires careful planning or may not stretch far enough.

Families tend to lean toward Pangyo – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Pangyo. If higher salaries, better infrastructure, or specific career opportunities are the priority, Medellin makes more sense. Both are solid long-term options with distinct trade-offs.