Cost of Living Comparison Between Ulsan and Medellin Cost of Living Comparison Between Ulsan and Medellin

Monthly Cost of Living

A single person spends $1,322 per month in Ulsan vs $1,716 in Medellin, rent included.

A couple spends around $2,143 per month in Ulsan vs $2,527 in Medellin, rent included.

A family of three spends $2,964 per month in Ulsan vs $3,338 in Medellin, rent included.

Ulsan is about 23% cheaper than Medellin, driven mainly by Groceries & Markets.

Ulsan sits 4% below the global median, while Medellin is 25% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$7.35 ₩9,967

$8.03 COP 25.2K

-8.47%

Three-Course Dinner for Two, Mid-Range

$43.91 ₩59.5K

$48.26 COP 151.7K

-9.01%

Fast Food Meal (McDonalds, etc)

$5.93 ₩8,036

$9.77 COP 30.7K

-39.30%

Cappuccino

$3.35 ₩4,539

$2.91 COP 9,149

15.12%

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

$0.86 ₩1,170

$1.94 COP 6,110

-55.67%

Water (0.33 liter bottle)

$0.46 ₩621

$1.52 COP 4,783

-69.74%

Local Beer (0.5 liter draught)

$2.95 ₩4,000

$3.09 COP 9,721

-4.53%

Imported Beer (0.33 liter bottle)

$4.19 ₩5,679

$5.74 COP 18.1K

-27.00%

Milk (1 liter)

$2.23 ₩3,022

$1.36 COP 4,287

63.97%

White Bread (500g)

$3.17 ₩4,303

$2.39 COP 7,505

32.64%

Rice (white) (1kg)

$3.13 ₩4,239

$1.70 COP 5,346

84.12%

Eggs

$2.67 ₩3,625

$2.87 COP 9,021

-6.97%

Local Cheese (1kg)

$10.88 ₩14.7K

$9.94 COP 31.2K

9.46%

Chicken Fillets (1kg)

$10.20 ₩13.8K

$10.78 COP 33.9K

-5.38%

Beef Round Steak (1kg)

$24.79 ₩33.6K

$14.73 COP 46.3K

68.30%

Apples (1kg)

$10.87 ₩14.7K

$4.09 COP 12.8K

165.77%

Banana (1kg)

$3.54 ₩4,798

$1.57 COP 4,940

125.48%

Oranges (1kg)

$7.72 ₩10.5K

$2.13 COP 6,682

262.44%

Tomato (1kg)

$5.95 ₩8,066

$2.21 COP 6,959

169.23%

Potato (1kg)

$5.95 ₩8,071

$2.05 COP 6,435

190.24%

Onion (1kg)

$3.31 ₩4,486

$1.50 COP 4,728

120.67%

Lettuce (1 head)

$2.70 ₩3,655

$1.19 COP 3,740

126.89%

Water (1.5 liter bottle)

$1.24 ₩1,684

$1.16 COP 3,640

6.90%

Cigarettes 20 Pack (Marlboro, Camel)

$3.18 ₩4,309

$3.90 COP 12.2K

-18.46%

Wine (Bottle)

$18.38 ₩24.9K

$14.44 COP 45.4K

27.29%

Local Beer (0.5 liter bottle)

$2.40 ₩3,260

$1.58 COP 4,978

51.90%

Imported Beer (0.33 liter bottle)

$3.45 ₩4,680

$2.83 COP 8,889

21.91%

One-way Ticket (Public Transport)

$1.13 ₩1,527

$1.17 COP 3,672

-3.42%

Public Transport Monthly Pass (Regular Price)

$77.7 COP 244.3K

Taxi Start (Normal Tariff)

$2.92 ₩3,953

$1.28 COP 4,038

128.13%

Taxi (Normal Tariff) (1km)

$0.76 ₩1,026

$2.09 COP 6,576

-63.64%

Taxi 1hour Waiting (Normal Tariff)

$16.58 ₩22.5K

$8.62 COP 27.1K

92.34%

Gasoline (1 liter)

$1.32 ₩1,791

$1.30 COP 4,080

1.54%

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

$28.8K ₩39.0M

$27.7K COP 86.9M

4.13%

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

$32.7K ₩44.3M

$35.5K COP 111.6M

-7.89%

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

$193 ₩261.9K

$176 COP 553.4K

9.71%

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

$35.67 ₩48.4K

$13.37 COP 42.0K

166.79%

Internet (50+ Mbps, Unlimited Data)

$26.37 ₩35.8K

$29.89 COP 94.0K

-11.78%

Gym Membership (Monthly)

$57.6 ₩78.1K

$44.76 COP 140.7K

28.62%

Tennis Court (1 Hour on Weekend)

$17.06 COP 53.6K

Cinema Ticket

$10.42 ₩14.1K

$6.20 COP 19.5K

68.06%

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

$260 ₩352.4K

$793 COP 2.5M

-67.24%

International Primary School, 1 Child (Yearly)

$21.1K ₩28.7M

$9,019 COP 28.4M

134.39%

Jeans (Levis 501 Or Similar)

$51.1 ₩69.3K

$85.6 COP 269.1K

-40.29%

Summer Dress (H&M, Zara, etc)

$43.29 ₩58.7K

$58.5 COP 183.8K

-25.96%

Sport Shoes (Adidas, Nike)

$58.0 ₩78.6K

$136 COP 428.4K

-57.45%

Men's Leather Business Shoes

$71.8 ₩97.4K

$103 COP 324.1K

-30.34%

1-bedroom Apartment, City Center (Monthly)

$362 ₩491.1K

$1,060 COP 3.3M

-65.82%

1-bedroom Apartment, Outside City Center (Monthly)

$233 ₩316.3K

$680 COP 2.1M

-65.66%

3-bedroom Apartment, City Center (Monthly)

$717 ₩972.7K

$2,012 COP 6.3M

-64.34%

3-bedroom Apartment, Outside City Center (Monthly)

$650 ₩881.9K

$1,169 COP 3.7M

-44.34%

Buy Apartment in City Center (m2)

$4,368 ₩5.9M

$4,111 COP 12.9M

6.23%

Buy Apartment Outside City Center (m2)

$2,380 ₩3.2M

$1,701 COP 5.3M

39.90%

Average Monthly Net Salary (After Tax)

$2,201 ₩3.0M

$665 COP 2.1M

230.86%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.22

10.94

-61.43%

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

Last update for Ulsan: August 30, 2026

Last update for Medellin: August 30, 2026

Cost Breakdown

A central one-bedroom costs $362 in Ulsan versus $1,060 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 231% higher in Ulsan, 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 $44.00 in Ulsan versus $48.00 in Medellin. Groceries tell a different story – $477 in Ulsan vs $303 in Medellin – so Medellin wins on supermarket bills even if dining out costs more.

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

Ulsan vs Medellin: Cost of Living - Frequently Asked Questions

Yes – Medellin is pricier by about 30%, 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 $1,982 per month in Ulsan and $2,574 in Medellin. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Ulsan, 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 $44.00 in Ulsan and $48.00 in Medellin. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Interestingly, groceries are about 57% cheaper in Medellin – one category where the pricier city actually offers better value, probably thanks to stronger retail competition or local farming.

A $1,500 monthly budget goes further in Ulsan, where all-in costs run around $1,322, than in Medellin at $1,716. In Ulsan it covers expenses comfortably, while in Medellin it requires careful planning or may not stretch far enough.

Families tend to lean toward Ulsan – 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 Ulsan. 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.