Cost of Living Comparison Between Varkaus and Medellin Cost of Living Comparison Between Varkaus and Medellin

Monthly Cost of Living

A single person spends $1,623 per month in Varkaus vs $1,013 in Medellin, rent included.

A couple spends around $2,543 per month in Varkaus vs $1,602 in Medellin, rent included.

A family of three spends $3,464 per month in Varkaus vs $2,192 in Medellin, rent included.

Varkaus costs about 60% more than Medellin, driven mainly by Eating Out.

Varkaus sits 21% above the global median, while Medellin is 24% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$11.77 €10.14

$5.99 COP 21.4K

96.49%

Three-Course Dinner for Two, Mid-Range

$78.3 €67.4

$32.86 COP 117.2K

138.19%

Fast Food Meal (McDonalds, etc)

$9.31 €8.01

$7.09 COP 25.3K

31.31%

Cappuccino

$4.50 €3.88

$1.71 COP 6,105

163.16%

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

$3.15 €2.71

$1.10 COP 3,918

186.36%

Water (0.33 liter bottle)

$1.57 €1.36

$0.78 COP 2,776

101.28%

Local Beer (0.5 liter draught)

$7.09 €6.10

$1.68 COP 5,987

322.02%

Imported Beer (0.33 liter bottle)

$7.65 €6.59

$3.07 COP 10.9K

149.19%

Milk (1 liter)

$1.07 €0.92

$1.09 COP 3,899

-1.83%

White Bread (500g)

$2.02 €1.74

$1.26 COP 4,500

60.32%

Rice (white) (1kg)

$2.27 €1.95

$1.38 COP 4,914

64.49%

Eggs

$2.42 €2.09

$2.19 COP 7,813

10.50%

Local Cheese (1kg)

$7.58 €6.53

$4.40 COP 15.7K

72.27%

Chicken Fillets (1kg)

$12.04 €10.37

$5.63 COP 20.1K

113.85%

Beef Round Steak (1kg)

$17.45 €15.03

$8.89 COP 31.7K

96.29%

Apples (1kg)

$2.22 €1.91

$2.34 COP 8,334

-5.13%

Banana (1kg)

$1.92 €1.65

$1.06 COP 3,771

81.13%

Oranges (1kg)

$3.09 €2.66

$1.50 COP 5,365

106.00%

Tomato (1kg)

$3.89 €3.35

$1.38 COP 4,915

181.88%

Potato (1kg)

$0.85 €0.73

$1.15 COP 4,104

-26.09%

Onion (1kg)

$1.61 €1.38

$1.16 COP 4,148

38.79%

Lettuce (1 head)

$2.00 €1.73

$0.89 COP 3,176

124.72%

Water (1.5 liter bottle)

$1.50 €1.29

$0.84 COP 2,992

78.57%

Cigarettes 20 Pack (Marlboro, Camel)

$9.02 €7.76

$2.28 COP 8,131

295.61%

Wine (Bottle)

$14.02 €12.07

$10.64 COP 37.9K

31.77%

Local Beer (0.5 liter bottle)

$2.29 €1.97

$1.20 COP 4,276

90.83%

Imported Beer (0.33 liter bottle)

$3.71 €3.19

$2.47 COP 8,809

50.20%

One-way Ticket (Public Transport)

$3.45 €2.97

$0.86 COP 3,051

301.16%

Public Transport Monthly Pass (Regular Price)

$67.3 €57.9

$41.40 COP 147.6K

62.54%

Taxi Start (Normal Tariff)

$6.95 €5.99

$1.47 COP 5,255

372.79%

Taxi (Normal Tariff) (1km)

$1.59 €1.37

$1.96 COP 6,997

-18.88%

Taxi 1hour Waiting (Normal Tariff)

$46.71 €40.22

$7.74 COP 27.6K

503.49%

Gasoline (1 liter)

$2.05 €1.77

$0.95 COP 3,403

115.79%

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

$28.4K €24.4K

$18.1K COP 64.6M

56.39%

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

$28.4K €24.5K

$26.5K COP 94.4M

7.25%

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

$88.0 €75.8

$82.3 COP 293.2K

7.00%

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

$30.53 €26.29

$9.50 COP 33.9K

221.37%

Internet (50+ Mbps, Unlimited Data)

$17.93 €15.44

$24.23 COP 86.4K

-26.00%

Gym Membership (Monthly)

$44.65 €38.45

$25.89 COP 92.3K

72.46%

Tennis Court (1 Hour on Weekend)

$24.16 €20.80

$19.00 COP 67.7K

27.16%

Cinema Ticket

$11.50 €9.90

$3.93 COP 14.0K

192.62%

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

$336 €289

$309 COP 1.1M

8.62%

International Primary School, 1 Child (Yearly)

$4,541 €3,910

$5,965 COP 21.3M

-23.88%

Jeans (Levis 501 Or Similar)

$99.7 €85.9

$58.7 COP 209.1K

69.98%

Summer Dress (H&M, Zara, etc)

$30.68 €26.41

$32.35 COP 115.3K

-5.16%

Sport Shoes (Adidas, Nike)

$85.3 €73.5

$103 COP 365.7K

-16.84%

Men's Leather Business Shoes

$119 €102

$108 COP 386.5K

9.74%

1-bedroom Apartment, City Center (Monthly)

$776 €668

$476 COP 1.7M

62.94%

1-bedroom Apartment, Outside City Center (Monthly)

$648 €558

$379 COP 1.4M

71.18%

3-bedroom Apartment, City Center (Monthly)

$1,301 €1,120

$838 COP 3.0M

55.21%

3-bedroom Apartment, Outside City Center (Monthly)

$1,046 €901

$724 COP 2.6M

44.51%

Buy Apartment in City Center (m2)

$4,164 €3,586

$2,791 COP 9.9M

49.23%

Buy Apartment Outside City Center (m2)

$2,192 €1,888

$1,211 COP 4.3M

80.96%

Average Monthly Net Salary (After Tax)

$512 COP 1.8M

20-Year Fixed Mortgage Interest Rate (Annual %)

1.9

13.43

-85.85%

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

Last update for Varkaus: May 31, 2026

Last update for Medellin: May 31, 2026

Cost Breakdown

A central one-bedroom costs $776 in Varkaus versus $476 in Medellin. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $78.0 in Varkaus versus $33.00 in Medellin. Monthly groceries follow the same trend: $318 vs $188 – 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

Varkaus vs Medellin: Cost of Living - Frequently Asked Questions

Yes – Varkaus is pricier by about 60%, and the gap shows up most in Eating Out. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $2,434 per month in Varkaus and $1,519 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 $78.0 in Varkaus and $33.00 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 $1,623 in Varkaus and $1,013 in Medellin. The difference isn't just one category – it shows up across housing, food, transport, and services.

A $1,500 monthly budget goes further in Medellin, where all-in costs run around $1,013, than in Varkaus at $1,623. In Medellin it covers expenses comfortably, while in Varkaus 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, Varkaus makes more sense. Both are solid long-term options with distinct trade-offs.