What is the average cost of housing in Medellin?

If you are thinking about moving to Medellin, cost of living in probably a key consideration. Expats commented about the cost of housing...

"The cost of housing in Medellin varies depending on the area and type of property. Generally, the average cost of a one-bedroom apartment in the city center is around $500 to $700 per month, while a three-bedroom apartment in the suburbs can cost around $800 to $1,000 per month. Prices for larger homes and luxury apartments can be significantly higher," said a member in Medellin, Colombia.

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"Costs are MUCH lower as average wages are US$300 / month. With $500 / month, you can live like a king - Utilities $100 (no heating or cooling required), health $50 max with insurance and co-pay, food $250 (buy local grown/made products), other $100 for restaurants ($5 dinner), taxi $5 or bus / metro $0.65 / trip. Housing starts at $100k for good quality US style design - do not waste money on rent as real estate is a good investment here," remarked another expat who made the move to Medellin, Colombia.

What is the average cost of housing in Medellin?

If you live in Medellin, newcomers to Medellin would love to hear your answer to this question.