Is Colombia expensive to live in?

Updated May 2026· By Net Life Value Editorial

AI Answer
No, Colombia is not expensive to live in, especially compared to the US. Prices are roughly 55% lower on average. Our Net Life Value price index for Colombia is 45 (US = 100), meaning everyday goods and services cost less than half of what they do in the United States. For example, a nice one-bedroom apartment in a good neighborhood in Medellín can be found for $400-$600 USD per month. Groceries for a single person might run you $150-$200 USD. Even dining out is affordable, with a full meal at a mid-range restaurant often costing under $10 USD. Healthcare is also significantly cheaper. A doctor's visit can be as low as $20-$30 USD without insurance. Public transportation is extensive and very affordable, with a bus ride typically under $1 USD. Your tax burden will also be lower. Income tax rates range from 0% to 39%, but for a typical expat income, it's often much less than in the US. This low cost of living allows a comfortable lifestyle on a modest budget.