Cost of living in Colombia, Latin America
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How much money do you need to live comfortably in Colombia?

Country Latin America Updated June 2026

A moderate single-person budget in Colombia runs $1,175 per person per month nationally, covering rent, groceries, utilities, transport, and modest discretionary spending. The national figure averages across a wide range: Bogota and Medellin run 15 to 30 percent higher, especially in El Poblado, Laureles, Chapinero, and Usaquen, where most expats settle; smaller cities like Pereira, Manizales, Bucaramanga, and Armenia track close to the national figure; coastal Cartagena runs higher again due to tourism premiums. Housing nationally averages $447 for a one-bedroom; in El Poblado expect $500 to $850 for a comparable place. A couple typically budgets $1,800 to $2,200. Colombia sits well below Mexico ($1,925), Argentina ($1,675), and dramatically below the US average ($3,525). For the full breakdown, see our Colombia cost of living page.

About the author

Jo Berks

Jo Berks

Global Cost of Living Research & Data Analyst

Jo is an independent researcher with over a decade of experience delivering data, analysis, and structured reports across multiple industries. Her work focuses on sourcing and validating datasets to produce clear, usable insights. At CostLiving, she analyses global pricing data and identifies regional cost trends to support research-led content and comparative resources.

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