Cost of Living Comparison Between Songdo-dong and Medellin Cost of Living Comparison Between Songdo-dong and Medellin

Monthly Cost of Living

A single person spends $1,395 per month in Songdo-dong vs $1,003 in Medellin, rent included.

A couple spends around $2,234 per month in Songdo-dong vs $1,573 in Medellin, rent included.

A family of three spends $3,073 per month in Songdo-dong vs $2,143 in Medellin, rent included.

Songdo-dong costs about 39% more than Medellin, driven mainly by Groceries & Markets.

Songdo-dong sits 5% above the global median, while Medellin is 25% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$7.43 ₩10.7K

$5.91 COP 18.6K

25.72%

Three-Course Dinner for Two, Mid-Range

$54.8 ₩78.8K

$32.96 COP 103.8K

66.26%

Fast Food Meal (McDonalds, etc)

$6.28 ₩9,037

$7.43 COP 23.4K

-15.48%

Cappuccino

$3.60 ₩5,179

$1.65 COP 5,207

118.18%

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

$1.12 ₩1,618

$1.10 COP 3,468

1.82%

Water (0.33 liter bottle)

$0.72 ₩1,034

$0.78 COP 2,458

-7.69%

Local Beer (0.5 liter draught)

$2.91 ₩4,188

$1.72 COP 5,412

69.19%

Imported Beer (0.33 liter bottle)

$5.75 ₩8,275

$3.18 COP 10.0K

80.82%

Milk (1 liter)

$2.14 ₩3,077

$1.10 COP 3,474

94.55%

White Bread (500g)

$3.44 ₩4,950

$1.26 COP 3,962

173.02%

Rice (white) (1kg)

$3.10 ₩4,456

$1.38 COP 4,349

124.64%

Eggs

$3.04 ₩4,374

$2.18 COP 6,858

39.45%

Local Cheese (1kg)

$14.23 ₩20.5K

$4.49 COP 14.1K

216.93%

Chicken Fillets (1kg)

$8.22 ₩11.8K

$5.79 COP 18.2K

41.97%

Beef Round Steak (1kg)

$34.37 ₩49.4K

$8.97 COP 28.2K

283.17%

Apples (1kg)

$3.76 ₩5,404

$2.32 COP 7,308

62.07%

Banana (1kg)

$3.02 ₩4,339

$1.06 COP 3,352

184.91%

Oranges (1kg)

$5.69 ₩8,182

$1.52 COP 4,774

274.34%

Tomato (1kg)

$6.71 ₩9,645

$1.36 COP 4,270

393.38%

Potato (1kg)

$2.55 ₩3,673

$1.13 COP 3,552

125.66%

Onion (1kg)

$2.53 ₩3,643

$1.17 COP 3,689

116.24%

Lettuce (1 head)

$2.50 ₩3,601

$0.90 COP 2,838

177.78%

Water (1.5 liter bottle)

$1.21 ₩1,747

$0.90 COP 2,823

34.44%

Cigarettes 20 Pack (Marlboro, Camel)

$3.32 ₩4,779

$2.23 COP 7,034

48.88%

Wine (Bottle)

$13.77 ₩19.8K

$12.12 COP 38.2K

13.61%

Local Beer (0.5 liter bottle)

$2.17 ₩3,120

$1.19 COP 3,743

82.35%

Imported Beer (0.33 liter bottle)

$3.33 ₩4,789

$2.48 COP 7,815

34.27%

One-way Ticket (Public Transport)

$0.92 ₩1,321

$0.85 COP 2,687

8.24%

Public Transport Monthly Pass (Regular Price)

$41.62 COP 131.0K

Taxi Start (Normal Tariff)

$3.48 ₩5,005

$1.42 COP 4,459

145.07%

Taxi (Normal Tariff) (1km)

$0.53 ₩768

$1.95 COP 6,141

-72.82%

Taxi 1hour Waiting (Normal Tariff)

$9.03 ₩13.0K

$7.89 COP 24.8K

14.45%

Gasoline (1 liter)

$1.21 ₩1,740

$0.99 COP 3,118

22.22%

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

$27.3K ₩39.2M

$17.6K COP 55.4M

54.91%

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

$24.9K ₩35.8M

$26.8K COP 84.4M

-7.13%

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

$165 ₩237.3K

$83.0 COP 261.4K

98.72%

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

$34.21 ₩49.2K

$9.70 COP 30.5K

252.68%

Internet (50+ Mbps, Unlimited Data)

$21.86 ₩31.4K

$23.52 COP 74.1K

-7.06%

Gym Membership (Monthly)

$74.4 ₩107.0K

$25.26 COP 79.5K

194.54%

Tennis Court (1 Hour on Weekend)

$19.10 COP 60.1K

Cinema Ticket

$11.10 ₩16.0K

$3.95 COP 12.4K

181.01%

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

$364 ₩523.2K

$316 COP 994.2K

15.20%

International Primary School, 1 Child (Yearly)

$23.5K ₩33.9M

$5,975 COP 18.8M

294.04%

Jeans (Levis 501 Or Similar)

$58.5 ₩84.1K

$60.0 COP 188.9K

-2.58%

Summer Dress (H&M, Zara, etc)

$46.79 ₩67.3K

$31.82 COP 100.2K

47.05%

Sport Shoes (Adidas, Nike)

$36.25 ₩52.1K

$102 COP 320.1K

-64.35%

Men's Leather Business Shoes

$115 ₩165.5K

$107 COP 338.3K

7.07%

1-bedroom Apartment, City Center (Monthly)

$450 ₩647.4K

$475 COP 1.5M

-5.22%

1-bedroom Apartment, Outside City Center (Monthly)

$384 ₩551.8K

$374 COP 1.2M

2.58%

3-bedroom Apartment, City Center (Monthly)

$1,103 ₩1.6M

$849 COP 2.7M

29.91%

3-bedroom Apartment, Outside City Center (Monthly)

$757 ₩1.1M

$719 COP 2.3M

5.17%

Buy Apartment in City Center (m2)

$3,265 COP 10.3M

Buy Apartment Outside City Center (m2)

$1,441 COP 4.5M

Average Monthly Net Salary (After Tax)

$3,125 ₩4.5M

$624 COP 2.0M

400.45%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.14

13.43

-69.17%

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

Last update for Songdo-dong: July 27, 2026

Last update for Medellin: July 27, 2026

Cost Breakdown

A central one-bedroom costs $450 in Songdo-dong versus $475 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 400% higher in Songdo-dong, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $55.0 in Songdo-dong versus $33.00 in Medellin. Monthly groceries follow the same trend: $443 vs $193 – making Medellin the more affordable choice for daily food spending.

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

Songdo-dong vs Medellin: Cost of Living - Frequently Asked Questions

Yes – Songdo-dong is pricier by about 39%, and the gap shows up most in Groceries & Markets. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $2,092 per month in Songdo-dong and $1,504 in Medellin. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Medellin, 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 $55.0 in Songdo-dong and $33.00 in Medellin. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 129% more in Songdo-dong, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $1,500 monthly budget goes further in Medellin, where all-in costs run around $1,003, than in Songdo-dong at $1,395. In Medellin it covers expenses comfortably, while in Songdo-dong it requires careful planning or may not stretch far enough.

Families tend to lean toward Medellin – 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 Medellin. If higher salaries, better infrastructure, or specific career opportunities are the priority, Songdo-dong makes more sense. Both are solid long-term options with distinct trade-offs.