✦ Cost of living
Colombia
National taxes, visas and economy — plus every city we track in Colombia.
The cost of living in Colombia averages 49 on our index (a typical US city = 100) — about 51% cheaper. A one-bedroom rent runs roughly $550/mo and the top income-tax rate is 39%. The average net salary is about $450/mo.
- Currency
- Colombian peso ($ COP)
- Languages
- Spanish
- Capital
- Bogotá
- Driving
- Right-hand side
- Power
- A/B · 110V
▤ Taxes
39%
Income tax
progressive
19%
VAT / sales
35%
Corporate
$450
Avg net salary
per month
$330
Minimum wage
per month
73.7 yr
Life expectancy
World Bank 2024
✈ Visas & residency
The V-type Digital Nomad visa and M-type migrant visas make it a popular, affordable Latin-American base.
✈ 90 days visa-free (extendable to 180/year) for many passports.
Up to 2 years; ~$1,000/mo income.
Work, marriage or investment routes.
❖ Cities in Colombia
⚖ Compare Colombia with other countries
▸ Recommended reading & gear
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