Last update: Oct 2026

Cost of Living Comparison Between Terrace and Medellin

For one person, living is cheaper in Medellin: $1,614 a month against $1,887 in Terrace, rent and utilities included – about $3,300 less a year. Rent and utilities account for about half of the difference.

91

Cost of Living Index in Terrace
Learn more

Terrace Living Index
79

Cost of Living Index in Medellin
Learn more

Medellin Living Index

Jump to prices

Terrace

🇨🇦 Canada

$1,887

/mo nomad

Medellin

🇨🇴 Colombia

$1,614

/mo nomad

Monthly Cost of Living

How much you'll spend in Terrace 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 Terrace and in Medellin actually costs, broken down by who's living it.

A single person spends $1,887 per month in Terrace vs $1,614 in Medellin, rent included.

Terrace $1,887
Medellin $1,614

A couple spends around $2,853 per month in Terrace vs $2,402 in Medellin, rent included.

Terrace $2,853
Medellin $2,402

A family of three spends $3,819 per month in Terrace vs $3,190 in Medellin, rent included.

Terrace $3,819
Medellin $3,190

Terrace costs about 17% more than Medellin, and outside of rent the biggest gap is in eating out.

Both Terrace and Medellin sit above the global median – Terrace by 40%, Medellin by 20%.

Meal at Budget Restaurant

$17.53 CA$24.78

$7.93 COP 25.2K

121.06%

Three-Course Dinner for Two, Mid-Range

$79.9 CA$113

$46.13 COP 146.3K

73.16%

Fast Food Meal (McDonalds, etc)

$9.87 CA$13.95

$9.50 COP 30.1K

3.89%

Cappuccino

$3.93 CA$5.55

$3.11 COP 9,866

26.37%

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

$2.09 CA$2.95

$1.83 COP 5,800

14.21%

Water (0.33 liter bottle)

$1.62 CA$2.29

$1.38 COP 4,360

17.39%

Local Beer (0.5 liter draught)

$5.19 CA$7.34

$3.05 COP 9,672

70.16%

Imported Beer (0.33 liter bottle)

$6.15 CA$8.69

$5.50 COP 17.4K

11.82%

Milk (1 liter)

$2.25 CA$3.19

$1.45 COP 4,600

55.17%

White Bread (500g)

$2.63 CA$3.72

$2.36 COP 7,496

11.44%

Rice (white) (1kg)

$5.10 CA$7.21

$1.68 COP 5,328

203.57%

Eggs

$3.60 CA$5.10

$2.86 COP 9,077

25.87%

Local Cheese (1kg)

$8.81 CA$12.45

$10.19 COP 32.3K

-13.54%

Chicken Fillets (1kg)

$15.36 CA$21.71

$9.53 COP 30.2K

61.18%

Beef Round Steak (1kg)

$13.51 CA$19.10

$14.04 COP 44.5K

-3.77%

Apples (1kg)

$4.06 CA$5.73

$4.07 COP 12.9K

-0.25%

Banana (1kg)

$1.21 CA$1.72

$1.50 COP 4,742

-19.33%

Oranges (1kg)

$2.99 CA$4.23

$2.17 COP 6,891

37.79%

Tomato (1kg)

$3.67 CA$5.20

$2.31 COP 7,310

58.87%

Potato (1kg)

$3.14 CA$4.44

$1.93 COP 6,113

62.69%

Onion (1kg)

$3.13 CA$4.43

$1.64 COP 5,196

90.85%

Lettuce (1 head)

$2.37 CA$3.36

$1.13 COP 3,571

109.73%

Water (1.5 liter bottle)

$1.01 CA$1.43

$1.25 COP 3,954

-19.20%

Cigarettes 20 Pack (Marlboro, Camel)

$11.27 CA$15.94

$3.99 COP 12.6K

182.46%

Wine (Bottle)

$13.44 CA$18.99

$13.35 COP 42.3K

0.67%

Local Beer (0.5 liter bottle)

$2.09 CA$2.96

$1.70 COP 5,384

22.94%

Imported Beer (0.33 liter bottle)

$1.78 CA$2.52

$2.37 COP 7,525

-24.89%

One-way Ticket (Public Transport)

$1.38 CA$1.95

$1.21 COP 3,827

14.05%

Public Transport Monthly Pass (Regular Price)

$31.40 CA$44.40

$76.5 COP 242.5K

-58.95%

Taxi Start (Normal Tariff)

$3.30 CA$4.66

$1.32 COP 4,179

150.00%

Taxi (Normal Tariff) (1km)

$1.50 CA$2.12

$2.14 COP 6,774

-29.91%

Taxi 1hour Waiting (Normal Tariff)

$20.03 CA$28.31

$8.47 COP 26.8K

136.48%

Gasoline (1 liter)

$1.22 CA$1.72

$1.30 COP 4,114

-6.15%

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

$27.8K CA$39.3K

$28.0K COP 88.7M

-0.66%

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

$18.7K CA$26.5K

$35.4K COP 112.3M

-47.13%

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

$93.2 CA$132

$172 COP 545.6K

-45.82%

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

$38.92 CA$55.0

$13.37 COP 42.4K

191.10%

Internet (50+ Mbps, Unlimited Data)

$58.3 CA$82.5

$28.73 COP 91.1K

103.06%

Gym Membership (Monthly)

$40.14 CA$56.7

$45.24 COP 143.5K

-11.27%

Tennis Court (1 Hour on Weekend)

$16.45 CA$23.26

$17.04 COP 54.0K

-3.46%

Cinema Ticket

$8.91 CA$12.60

$6.28 COP 19.9K

41.88%

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

$733 CA$1,037

$770 COP 2.4M

-4.79%

International Primary School, 1 Child (Yearly)

$13.4K CA$18.9K

$9,011 COP 28.6M

48.70%

Jeans (Levis 501 Or Similar)

$36.65 CA$51.8

$86.4 COP 274.0K

-57.59%

Summer Dress (H&M, Zara, etc)

$30.29 CA$42.82

$57.1 COP 181.1K

-46.98%

Sport Shoes (Adidas, Nike)

$79.8 CA$113

$137 COP 432.9K

-41.57%

Men's Leather Business Shoes

$104 CA$147

$97.9 COP 310.4K

5.97%

1-bedroom Apartment, City Center (Monthly)

$992 CA$1,402

$1,055 COP 3.3M

-6.02%

1-bedroom Apartment, Outside City Center (Monthly)

$845 CA$1,194

$616 COP 2.0M

37.20%

3-bedroom Apartment, City Center (Monthly)

$1,556 CA$2,200

$1,892 COP 6.0M

-17.78%

3-bedroom Apartment, Outside City Center (Monthly)

$1,325 CA$1,874

$1,023 COP 3.2M

29.58%

Buy Apartment in City Center (m2)

$4,127 CA$5,835

$4,059 COP 12.9M

1.68%

Buy Apartment Outside City Center (m2)

$3,426 CA$4,843

$1,678 COP 5.3M

104.10%

Average Monthly Net Salary (After Tax)

$3,096 CA$4,376

$652 COP 2.1M

374.50%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.05

10.94

-53.84%

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

Last update for Terrace: October 11, 2026

Last update for Medellin: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Terrace

$845 44.8%

Medellin

$616 38.2% 27.1% $229

Groceries & Markets

Terrace

$364 19.3%

Medellin

$295 18.3% 19% $69

Eating Out

Terrace

$270 14.3%

Medellin

$168 10.4% 37.6% $102

Monthly Utilities & Internet

Terrace

$191 10.1%

Medellin

$214 13.3% 12.4% $24

Clothing & Footwear

Terrace

$113 6%

Medellin

$170 10.5% 50.9% $57

Sport & Entertainment

Terrace

$58 3.1%

Medellin

$58 3.6% 0.3% $0.2

Getting Around

Terrace

$48 2.5%

Medellin

$93 5.8% 95.6% $46

Cost Breakdown

A central one-bedroom costs $992 in Terrace versus $1,055 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 375% higher in Terrace, 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 $80.0 in Terrace versus $46.00 in Medellin. Monthly groceries follow the same trend: $364 vs $295 – making Medellin the more affordable choice for daily food spending.

Good to know

🇨🇦 Terrace

🇨🇴 Medellin

🕒 Local time

12:24 12:24 PM

14:24 2:24 PM

2 h ahead of Terrace

🌤 Weather

👥 Population

19,443

2,486,723

💱 Currency

Canadian Dollar CAD $

Colombian Peso COP $

📈 Exchange rate

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

10,000 COP = 3.15 USD

10,000 COP = 2.81 EUR

Exchange rates and currency converter

COP, USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of October 19, 2026: 1 USD = 1.41 CAD (1 CAD = 0.707 USD). 1 EUR = 1.59 CAD (1 CAD = 0.629 EUR).

Colombian Peso exchange rates as of October 19, 2026: 1 USD = 3,171 COP (10,000 COP = 3.15 USD). 1 EUR = 3,565 COP (10,000 COP = 2.81 EUR).

USD to CAD in detail →

On the map

Lowest

Highest

Between locations

Terrace Medellin 7,130 km ≈ 9 h nonstop flight

From you

Terrace
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

Terrace vs Medellin: Cost of Living - Frequently Asked Questions

Yes – Terrace is pricier by about 17%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $2,831 per month in Terrace and $2,421 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 $80.0 in Terrace and $46.00 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 $1,887 in Terrace and $1,614 in Medellin. That's a gap of about 17%.

A $2,500 monthly budget goes further in Medellin, where all-in costs run around $1,614, than in Terrace at $1,887. In Medellin it covers expenses comfortably, while in Terrace 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.

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