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

Monthly Cost of Living

A single person spends $1,495 per month in Vestmanna vs $1,017 in Medellin, rent included.

A couple spends around $2,158 per month in Vestmanna vs $1,602 in Medellin, rent included.

A family of three spends $2,822 per month in Vestmanna vs $2,188 in Medellin, rent included.

Vestmanna costs about 47% more than Medellin, driven mainly by Groceries & Markets.

Vestmanna sits 11% above the global median, while Medellin is 24% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$5.95 COP 20.8K

Three-Course Dinner for Two, Mid-Range

$33.33 COP 116.3K

Fast Food Meal (McDonalds, etc)

$7.23 COP 25.2K

Cappuccino

$1.63 COP 5,687

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

$1.09 COP 3,821

Water (0.33 liter bottle)

$0.73 COP 2,548

Local Beer (0.5 liter draught)

$1.74 COP 6,065

Imported Beer (0.33 liter bottle)

$3.23 COP 11.3K

Milk (1 liter)

$2.19 FOK 14.10

$1.05 COP 3,662

108.57%

White Bread (500g)

$3.79 FOK 24.42

$1.29 COP 4,515

193.80%

Rice (white) (1kg)

$1.32 COP 4,617

Eggs

$4.57 FOK 29.47

$2.27 COP 7,927

101.32%

Local Cheese (1kg)

$18.89 FOK 122

$4.35 COP 15.2K

334.25%

Chicken Fillets (1kg)

$15.07 FOK 97.2

$5.88 COP 20.5K

156.29%

Beef Round Steak (1kg)

$28.21 FOK 182

$8.61 COP 30.0K

227.64%

Apples (1kg)

$3.14 FOK 20.28

$2.25 COP 7,844

39.56%

Banana (1kg)

$2.37 FOK 15.31

$1.07 COP 3,733

121.50%

Oranges (1kg)

$3.16 FOK 20.36

$1.52 COP 5,322

107.89%

Tomato (1kg)

$3.04 FOK 19.61

$1.42 COP 4,964

114.08%

Potato (1kg)

$2.29 FOK 14.75

$1.17 COP 4,084

95.73%

Onion (1kg)

$3.12 FOK 20.13

$1.17 COP 4,077

166.67%

Lettuce (1 head)

$0.89 COP 3,096

Water (1.5 liter bottle)

$4.58 FOK 29.57

$0.90 COP 3,146

408.89%

Cigarettes 20 Pack (Marlboro, Camel)

$9.96 FOK 64.3

$2.25 COP 7,837

342.67%

Wine (Bottle)

$11.04 COP 38.5K

Local Beer (0.5 liter bottle)

$1.14 COP 3,977

Imported Beer (0.33 liter bottle)

$3.95 FOK 25.49

$2.38 COP 8,301

65.97%

One-way Ticket (Public Transport)

$0.84 COP 2,916

Public Transport Monthly Pass (Regular Price)

$41.95 COP 146.4K

Taxi Start (Normal Tariff)

$10.71 FOK 69.1

$1.41 COP 4,912

659.57%

Taxi (Normal Tariff) (1km)

$1.90 COP 6,634

Taxi 1hour Waiting (Normal Tariff)

$7.75 COP 27.0K

Gasoline (1 liter)

$1.36 FOK 8.80

$1.01 COP 3,509

34.65%

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

$40.5K FOK 260.9K

$17.6K COP 61.4M

130.13%

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

$49.9K FOK 321.6K

$26.5K COP 92.5M

88.17%

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

$154 FOK 995

$83.7 COP 292.1K

84.38%

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

$9.45 COP 33.0K

Internet (50+ Mbps, Unlimited Data)

$24.11 COP 84.1K

Gym Membership (Monthly)

$62.7 FOK 405

$25.31 COP 88.3K

147.81%

Tennis Court (1 Hour on Weekend)

$19.14 COP 66.8K

Cinema Ticket

$16.83 FOK 109

$4.10 COP 14.3K

310.49%

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

$283 FOK 1,826

$312 COP 1.1M

-9.25%

International Primary School, 1 Child (Yearly)

$5,993 COP 20.9M

Jeans (Levis 501 Or Similar)

$123 FOK 792

$58.0 COP 202.6K

111.46%

Summer Dress (H&M, Zara, etc)

$32.56 COP 113.6K

Sport Shoes (Adidas, Nike)

$122 FOK 786

$99.6 COP 347.7K

22.33%

Men's Leather Business Shoes

$126 FOK 810

$109 COP 378.8K

15.72%

1-bedroom Apartment, City Center (Monthly)

$613 FOK 3,951

$482 COP 1.7M

27.00%

1-bedroom Apartment, Outside City Center (Monthly)

$628 FOK 4,048

$379 COP 1.3M

65.37%

3-bedroom Apartment, City Center (Monthly)

$1,088 FOK 7,015

$837 COP 2.9M

29.87%

3-bedroom Apartment, Outside City Center (Monthly)

$1,078 FOK 6,950

$723 COP 2.5M

49.01%

Buy Apartment in City Center (m2)

$2,840 COP 9.9M

Buy Apartment Outside City Center (m2)

$1,223 COP 4.3M

Average Monthly Net Salary (After Tax)

$541 COP 1.9M

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: June 8, 2026

Last update for Medellin: June 8, 2026

Cost Breakdown

A central one-bedroom costs $613 in Vestmanna versus $482 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 47%, 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 $2,242 per month in Vestmanna and $1,525 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 126% 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 $283 per month in Vestmanna and $312 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 $1,017, than in Vestmanna at $1,495. 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.