Cost of Living Comparison Between Vestmanna and Medellin Cost of Living Comparison Between Vestmanna and Medellin

Monthly Cost of Living

A single person spends $1,457 per month in Vestmanna vs $1,003 in Medellin, rent included.

A couple spends around $2,156 per month in Vestmanna vs $1,573 in Medellin, rent included.

A family of three spends $2,856 per month in Vestmanna vs $2,143 in Medellin, rent included.

Vestmanna costs about 45% more than Medellin, driven mainly by Groceries & Markets.

Vestmanna sits 9% above the global median, while Medellin is 25% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$5.91 COP 18.6K

Three-Course Dinner for Two, Mid-Range

$32.96 COP 103.8K

Fast Food Meal (McDonalds, etc)

$7.43 COP 23.4K

Cappuccino

$1.65 COP 5,207

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

$1.10 COP 3,468

Water (0.33 liter bottle)

$0.78 COP 2,458

Local Beer (0.5 liter draught)

$1.72 COP 5,412

Imported Beer (0.33 liter bottle)

$3.18 COP 10.0K

Milk (1 liter)

$2.11 FOK 13.67

$1.10 COP 3,474

91.82%

White Bread (500g)

$3.94 FOK 25.56

$1.26 COP 3,962

212.70%

Rice (white) (1kg)

$1.38 COP 4,349

Eggs

$4.45 FOK 28.83

$2.18 COP 6,858

104.13%

Local Cheese (1kg)

$18.27 FOK 118

$4.49 COP 14.1K

306.90%

Chicken Fillets (1kg)

$15.59 FOK 101

$5.79 COP 18.2K

169.26%

Beef Round Steak (1kg)

$28.24 FOK 183

$8.97 COP 28.2K

214.83%

Apples (1kg)

$3.11 FOK 20.16

$2.32 COP 7,308

34.05%

Banana (1kg)

$2.40 FOK 15.54

$1.06 COP 3,352

126.42%

Oranges (1kg)

$3.14 FOK 20.37

$1.52 COP 4,774

106.58%

Tomato (1kg)

$3.18 FOK 20.59

$1.36 COP 4,270

133.82%

Potato (1kg)

$2.39 FOK 15.49

$1.13 COP 3,552

111.50%

Onion (1kg)

$3.05 FOK 19.79

$1.17 COP 3,689

160.68%

Lettuce (1 head)

$0.90 COP 2,838

Water (1.5 liter bottle)

$4.52 FOK 29.28

$0.90 COP 2,823

402.22%

Cigarettes 20 Pack (Marlboro, Camel)

$10.22 FOK 66.2

$2.23 COP 7,034

358.30%

Wine (Bottle)

$12.12 COP 38.2K

Local Beer (0.5 liter bottle)

$1.19 COP 3,743

Imported Beer (0.33 liter bottle)

$3.86 FOK 25.00

$2.48 COP 7,815

55.65%

One-way Ticket (Public Transport)

$0.85 COP 2,687

Public Transport Monthly Pass (Regular Price)

$41.62 COP 131.0K

Taxi Start (Normal Tariff)

$10.94 FOK 70.9

$1.42 COP 4,459

670.42%

Taxi (Normal Tariff) (1km)

$1.95 COP 6,141

Taxi 1hour Waiting (Normal Tariff)

$7.89 COP 24.8K

Gasoline (1 liter)

$1.37 FOK 8.91

$0.99 COP 3,118

38.38%

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

$40.6K FOK 263.2K

$17.6K COP 55.4M

130.78%

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

$50.3K FOK 325.7K

$26.8K COP 84.4M

87.56%

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

$157 FOK 1,020

$83.0 COP 261.4K

89.69%

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

$9.70 COP 30.5K

Internet (50+ Mbps, Unlimited Data)

$23.52 COP 74.1K

Gym Membership (Monthly)

$62.3 FOK 404

$25.26 COP 79.5K

146.71%

Tennis Court (1 Hour on Weekend)

$19.10 COP 60.1K

Cinema Ticket

$16.93 FOK 110

$3.95 COP 12.4K

328.61%

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

$279 FOK 1,807

$316 COP 994.2K

-11.69%

International Primary School, 1 Child (Yearly)

$5,975 COP 18.8M

Jeans (Levis 501 Or Similar)

$123 FOK 796

$60.0 COP 188.9K

104.85%

Summer Dress (H&M, Zara, etc)

$31.82 COP 100.2K

Sport Shoes (Adidas, Nike)

$123 FOK 796

$102 COP 320.1K

20.85%

Men's Leather Business Shoes

$122 FOK 790

$107 COP 338.3K

13.42%

1-bedroom Apartment, City Center (Monthly)

$622 FOK 4,029

$475 COP 1.5M

30.91%

1-bedroom Apartment, Outside City Center (Monthly)

$621 FOK 4,024

$374 COP 1.2M

66.06%

3-bedroom Apartment, City Center (Monthly)

$1,098 FOK 7,117

$849 COP 2.7M

29.35%

3-bedroom Apartment, Outside City Center (Monthly)

$1,096 FOK 7,101

$719 COP 2.3M

52.32%

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)

$624 COP 2.0M

20-Year Fixed Mortgage Interest Rate (Annual %)

2.99

13.43

-77.74%

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

Last update for Vestmanna: July 28, 2026

Last update for Medellin: July 27, 2026

Cost Breakdown

A central one-bedroom costs $622 in Vestmanna 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.

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

Vestmanna vs Medellin: Cost of Living - Frequently Asked Questions

Yes – Vestmanna is pricier by about 45%, 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 $2,186 per month in Vestmanna 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.

Groceries cost about 122% more in Vestmanna, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

Kindergarten costs $279 per month in Vestmanna and $316 in Medellin. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $1,500 monthly budget goes further in Medellin, where all-in costs run around $1,003, than in Vestmanna at $1,457. In Medellin it covers expenses comfortably, while in Vestmanna 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, Vestmanna makes more sense. Both are solid long-term options with distinct trade-offs.