A moderate single-person budget in Colombia runs $975 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 $1,510 to $1,850. Colombia sits well below Mexico ($1,600), Argentina ($1,250), and dramatically below the US average ($3,275). For the full breakdown, see our Colombia cost of living page.
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How much money do you need to live comfortably in Colombia?
Country Latin America
Updated September 2026