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Cost of living by city › Americas › Colombia

Colombia Cost of Living 2026

🇨🇴 2 cities in Colombia, sorted by daily travel budget. Not the exchange rate — how cheap it feels on your own income, and where a price becomes a rip-off. Updated September 2026

Average per day
$100
mid-range room included
Cheapest city
Medellín
$93.3 a day
Average per month
$1,585
rental + living
See it on your own income

Cities in Colombia compared

CityPer dayPer monthLocal mealCoffee
🇨🇴 MedellínBig city$93.3$1,524COL$16,000COL$8,200
🇨🇴 BogotáBig city$107$1,647COL$16,000COL$8,200

Per day = one mid-range night + three meals, a coffee and two taxi rides. Open a city for item-by-item prices, rip-off thresholds and live traveler reports.

FAQ

How much is a daily travel budget in Colombia?

With a mid-range room, between $93.3 and $107 a day depending on the city — about $100 on average. Hostels and local eateries cut that by 30% or more.

How much does a month in Colombia cost?

Short-term rental plus living costs runs $1,524–$1,647 by city, about $1,585 on average.

Which city in Colombia is cheapest?

By daily budget, Medellín ($93.3/day) is the cheapest and Bogotá ($107/day) the most expensive.

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