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Medellín vs Monterrey

Cost-of-living comparison and salary equivalence. Enter your current salary to see what you'd need to earn to live equally well.

Medellín, CO vs Monterrey, MX at a glance — Monterrey, MX is 25% more expensive than Medellín, CO overall. Median 1-bed rent runs about $650/mo versus $550/mo. Top income tax: 35% vs 39%.

$/ year

To keep the same standard of living in Monterrey, MX, you'd need

$93,761 / year

Monterrey, MX is 25% more expensive overall

Category breakdown (Monterrey, MX vs Medellín, CO)

  • Housing+31%
  • Food & groceries+29%
  • Transport+20%
  • Utilities+49%
  • Healthcare+13%
  • Goods & services+17%

◎ How Medellín, CO and Monterrey, MX compare

HousingFood & groceriesTransportUtilitiesHealthcareGoods & services
Medellín, COMonterrey, MX

Index vs the US average — the line marks 100. Lower is cheaper.

▤ Full comparison

Medellín, COMonterrey, MX
Cost of living
Overall cost index4962
Housing4255
Food4862
Transport4048
Utilities5582
Healthcare5562
Goods & services5868
Housing
Rent, 1-bed centre$550/mo$650/mo
Rent, 1-bed outside$350/mo—
Rent, 3-bed centre$1,100/mo—
Buy price / m² centre$1,800—
Money & purchasing power
$1,000 goes as far as$2,029$1,623
Inexpensive meal$5—
Monthly transit pass$40—
Taxes
Income tax (top rate)39%35%
VAT / sales tax19%16%
Corporate tax35%30%
Economy & salaries
Avg net salary$450/mo$700/mo
Avg annual wage (OECD, PPP)—$24,463✓
Minimum wage$330/mo$420/mo
GDP per capita$6,976✓$13,889✓
Inflation (annual)5.2%✓3.8%✓
Work & digital nomad
Digital-nomad visaYesYes
English proficiencyLow—
Coworking spaces40—
Time zoneUTC-5—
Quality of life
Quality of life (overall)59—
Safety index48—
Healthcare index70—
Pollution index55—
Internet speed80 Mbps—
Walkability55—
Public transport68—
Family-friendly58—
Tap waterSafe to drink—
Life expectancy74 yr✓75 yr✓
LGBTQ+ acceptanceHighModerate
Climate
January avg+22 °C—
July avg+22 °C—
Sunny days / year200—
Rainfall / year1,600 mm—
Connectivity
Flight to nearest hub1.5 h—

Taxes & Economy & salaries: Colombia vs Mexico. Estimates use approximate cost-of-living indices (US average = 100) and are for general guidance only.

✓ = official statistics (OECD (PPP), World Bank 2025, World Bank 2024). Unmarked figures are CostTrek estimates. How we calculate these figures →

Cost of living: Medellín vs Monterrey — in your currency

MedellínMonterrey
1-bed rent, city centre$550$650
1-bed rent, outside centre$350$488

Converted from USD at approximate rates (2026-09).

Good to know before you move to Medellín

A dramatic turnaround story with a year-round spring climate and a modern metro. El Poblado and Laureles anchor a booming nomad scene; costs are low and healthcare excellent, but safety still varies sharply by neighbourhood.

Currency
Colombian peso ($ COP)
Languages
Spanish
Time zone
UTC-5
Internet
80 Mbps
English
Rarely spoken
Safety
48/100
Climate
❄ 22°C · ☀ 22°C · 200 sunny days/yr
Tap water
Safe to drink
Power
A/B · 110V
Driving
Right-hand side
Popular areas
El Poblado · Laureles · Envigado · Belén

Good to know before you move to Monterrey

Currency
Mexican peso ($ MXN)
Languages
Spanish
Power
A/B · 127V
Driving
Right-hand side

? Frequently asked questions

Moving from Medellín to Monterrey: cheaper or more expensive?

Moving from Medellín to Monterrey, your cost of living will be roughly 25% more expensive. Monterrey’s cost-of-living index is 62 versus 49 for Medellín (US = 100). Use the salary tool above to see the income you’d need to keep the same lifestyle.

Is Medellín cheaper than Monterrey?

Monterrey is about 25% more expensive than Medellín overall — its cost-of-living index is 62 versus 49 for Medellín.

Which is more expensive, Medellín or Monterrey?

Monterrey is more expensive than Medellín. Its cost-of-living index is 62 vs 49 (US = 100) — about 27% higher.

Is rent cheaper in Medellín or Monterrey?

Rent is cheaper in Medellín — about $550/month for a one-bedroom in the city centre, vs $650 in Monterrey.

How much do you need to earn in Monterrey to live like in Medellín?

To keep the same standard of living, a $75,000 salary in Medellín is worth about $93,761 in Monterrey. Enter your own figure in the calculator above.

Which has lower taxes, Medellín or Monterrey?

Mexico has the lower top income-tax rate — 35% versus 39% in Colombia.

◷ More comparisons from Medellín

How we calculate these figures →

Estimates use approximate cost-of-living indices (US average = 100) and are for general guidance only.