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

Monthly Cost of Living

A single person spends $1,972 per month in Varkaus vs $1,641 in Medellin, rent included.

A couple spends around $3,105 per month in Varkaus vs $2,447 in Medellin, rent included.

A family of three spends $4,238 per month in Varkaus vs $3,253 in Medellin, rent included.

Varkaus costs about 20% more than Medellin, driven mainly by Eating Out.

Both Varkaus and Medellin sit above the global median – Varkaus by 43%, Medellin by 19%.

Meal at Budget Restaurant

$16.49 €14.21

$8.04 COP 24.8K

105.10%

Three-Course Dinner for Two, Mid-Range

$104 €89.9

$48.29 COP 148.6K

115.92%

Fast Food Meal (McDonalds, etc)

$12.31 €10.61

$9.42 COP 29.0K

30.68%

Cappuccino

$5.48 €4.72

$2.94 COP 9,040

86.39%

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

$3.65 €3.15

$1.86 COP 5,735

96.24%

Water (0.33 liter bottle)

$2.88 €2.49

$1.46 COP 4,479

97.26%

Local Beer (0.5 liter draught)

$9.33 €8.04

$3.21 COP 9,882

190.65%

Imported Beer (0.33 liter bottle)

$10.06 €8.67

$5.71 COP 17.6K

76.18%

Milk (1 liter)

$1.42 €1.22

$1.44 COP 4,428

-1.39%

White Bread (500g)

$3.00 €2.59

$2.40 COP 7,389

25.00%

Rice (white) (1kg)

$3.77 €3.25

$1.70 COP 5,228

121.76%

Eggs

$4.08 €3.51

$2.89 COP 8,896

41.18%

Local Cheese (1kg)

$11.26 €9.70

$10.06 COP 30.9K

11.93%

Chicken Fillets (1kg)

$16.89 €14.56

$9.97 COP 30.7K

69.41%

Beef Round Steak (1kg)

$23.51 €20.26

$14.20 COP 43.7K

65.56%

Apples (1kg)

$2.74 €2.36

$3.98 COP 12.3K

-31.16%

Banana (1kg)

$2.11 €1.82

$1.58 COP 4,878

33.54%

Oranges (1kg)

$3.39 €2.92

$2.15 COP 6,624

57.67%

Tomato (1kg)

$4.47 €3.85

$2.30 COP 7,078

94.35%

Potato (1kg)

$1.34 €1.15

$2.00 COP 6,169

-33.00%

Onion (1kg)

$1.79 €1.54

$1.51 COP 4,646

18.54%

Lettuce (1 head)

$2.20 €1.89

$1.20 COP 3,701

83.33%

Water (1.5 liter bottle)

$2.00 €1.72

$1.28 COP 3,946

56.25%

Cigarettes 20 Pack (Marlboro, Camel)

$12.99 €11.20

$3.84 COP 11.8K

238.28%

Wine (Bottle)

$13.78 €11.88

$14.01 COP 43.1K

-1.64%

Local Beer (0.5 liter bottle)

$3.96 €3.41

$1.71 COP 5,256

131.58%

Imported Beer (0.33 liter bottle)

$5.16 €4.45

$2.74 COP 8,440

88.32%

One-way Ticket (Public Transport)

$3.42 €2.95

$1.25 COP 3,834

173.60%

Public Transport Monthly Pass (Regular Price)

$68.3 €58.9

$77.9 COP 239.7K

-12.30%

Taxi Start (Normal Tariff)

$9.98 €8.60

$1.31 COP 4,016

661.83%

Taxi (Normal Tariff) (1km)

$1.90 €1.64

$2.17 COP 6,680

-12.44%

Taxi 1hour Waiting (Normal Tariff)

$52.9 €45.59

$8.29 COP 25.5K

538.00%

Gasoline (1 liter)

$2.23 €1.92

$1.36 COP 4,172

63.97%

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

$37.5K €32.4K

$27.5K COP 84.5M

36.62%

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

$39.1K €33.7K

$36.5K COP 112.4M

7.12%

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

$113 €97.6

$169 COP 519.2K

-32.91%

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

$29.48 €25.42

$13.57 COP 41.8K

117.24%

Internet (50+ Mbps, Unlimited Data)

$25.70 €22.15

$28.32 COP 87.2K

-9.25%

Gym Membership (Monthly)

$46.60 €40.17

$45.71 COP 140.7K

1.95%

Tennis Court (1 Hour on Weekend)

$23.10 €19.91

$17.22 COP 53.0K

34.15%

Cinema Ticket

$18.39 €15.85

$6.65 COP 20.5K

176.54%

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

$350 €301

$803 COP 2.5M

-56.49%

International Primary School, 1 Child (Yearly)

$13.0K €11.2K

$9,190 COP 28.3M

41.79%

Jeans (Levis 501 Or Similar)

$127 €110

$87.4 COP 268.8K

45.50%

Summer Dress (H&M, Zara, etc)

$59.0 €50.8

$59.4 COP 182.7K

-0.69%

Sport Shoes (Adidas, Nike)

$98.9 €85.3

$139 COP 427.5K

-28.78%

Men's Leather Business Shoes

$186 €160

$102 COP 314.0K

82.11%

1-bedroom Apartment, City Center (Monthly)

$820 €706

$1,071 COP 3.3M

-23.47%

1-bedroom Apartment, Outside City Center (Monthly)

$676 €583

$653 COP 2.0M

3.58%

3-bedroom Apartment, City Center (Monthly)

$1,316 €1,135

$1,925 COP 5.9M

-31.62%

3-bedroom Apartment, Outside City Center (Monthly)

$1,089 €939

$1,048 COP 3.2M

3.93%

Buy Apartment in City Center (m2)

$4,094 €3,529

$4,123 COP 12.7M

-0.69%

Buy Apartment Outside City Center (m2)

$2,200 €1,896

$1,697 COP 5.2M

29.59%

Average Monthly Net Salary (After Tax)

$655 COP 2.0M

20-Year Fixed Mortgage Interest Rate (Annual %)

3.51

10.94

-67.92%

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

Last update for Varkaus: September 6, 2026

Last update for Medellin: September 7, 2026

Cost Breakdown

A central one-bedroom costs $820 in Varkaus versus $1,071 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 $104 in Varkaus versus $48.00 in Medellin. Monthly groceries follow the same trend: $425 vs $300 – 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 20%, 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 $2,958 per month in Varkaus and $2,462 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 $104 in Varkaus and $48.00 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 $1,972 in Varkaus and $1,641 in Medellin. The difference isn't just one category – it shows up across housing, food, transport, and services.

A $2,500 monthly budget goes further in Medellin, where all-in costs run around $1,641, than in Varkaus at $1,972. 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.