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Cost of Living Comparison (2026)
Lima is 43% cheaper than Medellin
Quick answer
Comparing Lima, Peru and Medellin, Colombia: a moderate single-person monthly budget is approximately $1,150 in Lima versus $650 in Medellin. Lima is roughly 43% cheaper overall. Central 1-bed rent: $550/mo (Lima) vs $550/mo (Medellin). Estimates use World Bank PPP data + national statistics + (where available) item-level price snapshots.
Key facts
| Lifestyle | 🇵🇪 Lima | 🇨🇴 Medellin | Difference |
|---|---|---|---|
| Budget | $800/mo | $450/mo | -44% |
| Moderate | $1,150/mo | $650/mo | -43% |
| Comfortable | $1,750/mo | $1,000/mo | -43% |
Estimates for a single person. Based on World Bank PPP data and national statistics.
| Category | 🇵🇪 Lima | 🇨🇴 Medellin | Diff |
|---|---|---|---|
| Housing (1-bed, center) | $550/mo | $550/mo | 0% |
| Groceries & Food | $230/mo | $130/mo | -43% |
| Dining Out | $80/mo | $80/mo | 0% |
| Transport | $22/mo | $28/mo | +27% |
| Utilities & Internet | $115/mo | $65/mo | -43% |
| Healthcare | $92/mo | $52/mo | -43% |
| Leisure & Personal | $81/mo | $46/mo | -43% |
Explore more: Lima city guide | Medellin city guide | Peru | Colombia