Cost of Living Comparison Between Waterloo and Medellin Cost of Living Comparison Between Waterloo and Medellin

Monthly Cost of Living

A single person spends $2,428 per month in Waterloo vs $1,014 in Medellin, rent included.

A couple spends around $3,495 per month in Waterloo vs $1,596 in Medellin, rent included.

A family of three spends $4,562 per month in Waterloo vs $2,178 in Medellin, rent included.

Waterloo costs about 139% more than Medellin, driven mainly by Groceries & Markets.

Waterloo sits 80% above the global median, while Medellin is 25% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$14.59 CA$19.99

$6.14 COP 22.2K

137.62%

Three-Course Dinner for Two, Mid-Range

$65.6 CA$89.9

$33.05 COP 119.3K

98.46%

Fast Food Meal (McDonalds, etc)

$9.60 CA$13.16

$7.32 COP 26.4K

31.15%

Cappuccino

$3.14 CA$4.30

$1.66 COP 5,987

89.16%

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

$1.54 CA$2.11

$1.10 COP 3,987

40.00%

Water (0.33 liter bottle)

$1.57 CA$2.15

$0.78 COP 2,822

101.28%

Local Beer (0.5 liter draught)

$5.65 CA$7.74

$1.71 COP 6,188

230.41%

Imported Beer (0.33 liter bottle)

$6.45 CA$8.84

$3.17 COP 11.5K

103.47%

Milk (1 liter)

$2.14 CA$2.93

$1.11 COP 4,012

92.79%

White Bread (500g)

$2.31 CA$3.16

$1.31 COP 4,719

76.34%

Rice (white) (1kg)

$2.58 CA$3.53

$1.38 COP 4,980

86.96%

Eggs

$3.02 CA$4.14

$2.22 COP 8,009

36.04%

Local Cheese (1kg)

$8.25 CA$11.30

$4.34 COP 15.7K

90.09%

Chicken Fillets (1kg)

$16.48 CA$22.58

$5.80 COP 20.9K

184.14%

Beef Round Steak (1kg)

$14.14 CA$19.37

$8.98 COP 32.4K

57.46%

Apples (1kg)

$4.15 CA$5.69

$2.26 COP 8,164

83.63%

Banana (1kg)

$1.24 CA$1.69

$1.11 COP 4,023

11.71%

Oranges (1kg)

$3.21 CA$4.40

$1.46 COP 5,284

119.86%

Tomato (1kg)

$3.73 CA$5.11

$1.37 COP 4,929

172.26%

Potato (1kg)

$2.34 CA$3.21

$1.11 COP 4,009

110.81%

Onion (1kg)

$2.84 CA$3.89

$1.16 COP 4,199

144.83%

Lettuce (1 head)

$1.97 CA$2.69

$0.89 COP 3,211

121.35%

Water (1.5 liter bottle)

$1.60 CA$2.20

$0.87 COP 3,124

83.91%

Cigarettes 20 Pack (Marlboro, Camel)

$14.08 CA$19.29

$2.35 COP 8,495

499.15%

Wine (Bottle)

$9.97 CA$13.66

$10.86 COP 39.2K

-8.20%

Local Beer (0.5 liter bottle)

$2.53 CA$3.47

$1.20 COP 4,330

110.83%

Imported Beer (0.33 liter bottle)

$3.27 CA$4.49

$2.48 COP 8,946

31.85%

One-way Ticket (Public Transport)

$2.73 CA$3.73

$0.79 COP 2,842

245.57%

Public Transport Monthly Pass (Regular Price)

$67.6 CA$92.6

$40.77 COP 147.2K

65.69%

Taxi Start (Normal Tariff)

$2.65 CA$3.63

$1.42 COP 5,137

86.62%

Taxi (Normal Tariff) (1km)

$1.75 CA$2.40

$1.91 COP 6,900

-8.38%

Taxi 1hour Waiting (Normal Tariff)

$29.13 CA$39.91

$7.65 COP 27.6K

280.78%

Gasoline (1 liter)

$1.15 CA$1.58

$0.97 COP 3,490

18.56%

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

$25.4K CA$34.8K

$18.1K COP 65.3M

40.52%

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

$20.1K CA$27.5K

$26.3K COP 95.0M

-23.78%

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

$185 CA$254

$81.3 COP 293.5K

127.72%

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

$36.89 CA$50.5

$9.63 COP 34.8K

283.07%

Internet (50+ Mbps, Unlimited Data)

$54.4 CA$74.5

$24.36 COP 88.0K

123.15%

Gym Membership (Monthly)

$38.60 CA$52.9

$26.02 COP 93.9K

48.35%

Tennis Court (1 Hour on Weekend)

$15.33 CA$21.01

$18.92 COP 68.3K

-18.97%

Cinema Ticket

$12.19 CA$16.70

$3.89 COP 14.0K

213.37%

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

$556 CA$762

$304 COP 1.1M

82.75%

International Primary School, 1 Child (Yearly)

$10.5K CA$14.4K

$5,902 COP 21.3M

77.59%

Jeans (Levis 501 Or Similar)

$53.5 CA$73.3

$58.7 COP 211.8K

-8.78%

Summer Dress (H&M, Zara, etc)

$25.33 CA$34.70

$32.48 COP 117.2K

-22.01%

Sport Shoes (Adidas, Nike)

$68.9 CA$94.4

$102 COP 367.3K

-32.26%

Men's Leather Business Shoes

$87.1 CA$119

$108 COP 390.4K

-19.47%

1-bedroom Apartment, City Center (Monthly)

$1,428 CA$1,956

$474 COP 1.7M

201.03%

1-bedroom Apartment, Outside City Center (Monthly)

$1,285 CA$1,761

$371 COP 1.3M

246.67%

3-bedroom Apartment, City Center (Monthly)

$2,329 CA$3,190

$848 COP 3.1M

174.61%

3-bedroom Apartment, Outside City Center (Monthly)

$2,069 CA$2,835

$716 COP 2.6M

188.83%

Buy Apartment in City Center (m2)

$5,366 CA$7,352

$2,871 COP 10.4M

86.89%

Buy Apartment Outside City Center (m2)

$5,017 CA$6,874

$1,375 COP 5.0M

264.78%

Average Monthly Net Salary (After Tax)

$3,043 CA$4,169

$542 COP 2.0M

461.94%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.71

13.43

-50.04%

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

Last update for Waterloo: April 13, 2026

Last update for Medellin: April 13, 2026

Cost Breakdown

A central one-bedroom costs $1,428 in Waterloo versus $474 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 462% higher in Waterloo, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $66 in Waterloo versus $33 in Medellin. Monthly groceries follow the same trend: $355 vs $190 – 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

Waterloo vs Medellin: Cost of Living - Frequently Asked Questions

Yes – Waterloo is pricier by about 139%, 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 $3,643 per month in Waterloo and $1,522 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 $66.0 in Waterloo 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 $2,428 in Waterloo and $1,014 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 $1,014, than in Waterloo at $2,428. In Medellin it covers expenses comfortably, while in Waterloo 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.

If budget matters most, go with Medellin. If higher salaries, better infrastructure, or specific career opportunities are the priority, Waterloo makes more sense. Both are solid long-term options with distinct trade-offs.