Colombia
Cost of Living in Colombia
Last updated on Aug 10, 2023
Summary: The cost of living in Colombia is generally considered to be quite affordable. A nice one bedroom apartment in Colombia can cost anywhere from $400 to $800 per month, while a nice two bedroom apartment can cost from $600 to $1,200 per month. The cost of dinner at a moderately priced restaurant in Colombia is usually around $10 to $15 per person.
Is the cost of living in Colombia high?
We asked people how much they someone comfortably live on in Colombia, they wrote:
"The exact and precise answer is...that depends. Do you prefer city life or country living? How many in the family? how's your health? Do you think you'll need a car? I have more than $1500.00 (USD) but I could live on it no problemo. I'm single, have no need for a car because my neighborhood is pretty much self contained and walkable. 1500 bucks translated into COP would still be far more than the average person earns here," said one person in Colombia.
"Some say as little as $1,500 per month. We live in the most expensive area of Medellin, so our cost is more than double that amount. It also depends what activities we do," remarked one expat in Medellin.
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About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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