Why Cost of Living Matters for Expats and Investors
For anyone considering a move or investment in Colombia, understanding the cost of living is crucial. Pereira and Medellin are two popular destinations for foreigners—but they offer very different lifestyles and price tags. Whether you’re planning to retire, work remotely, or invest in property, this side-by-side comparison helps you make the most informed choice.
At EVERYPLACE, we work with clients every day to help them match their goals and budgets with the right city and neighborhood.
Cost of Living Comparison: Pereira vs. Medellin
Here’s a snapshot of the key differences in monthly costs between the two cities:
| Categoría | Pereira (USD) | Medellin (USD) |
|---|---|---|
| Rent (1BR, central) | \$400–\$700/month | \$700–\$1,000/month |
| Buy price per m² | \$900–\$1,400 | \$1,500–\$2,500 |
| Meal (mid-range) | \$7–\$10 | \$10–\$15 |
| Monthly groceries | ~\$200 | ~\$250 |
| Taxi start fare | ~\$1.20 | ~\$1.70 |
| Doctor visit | \$30–\$50 | \$40–\$60 |
| Internet (monthly) | \$15–\$25 | \$20–\$30 |
Housing Costs: Pereira Takes the Lead
Buying Real Estate
Pereira consistently offers more affordable real estate than Medellin. While Medellin’s most desirable areas like El Poblado or Laureles can see prices exceed \$2,000 USD per square meter, Pereira’s top neighborhoods—like Pinares and Álamos—typically range between \$900–\$1,400 USD per square meter.
Explore our for sale listings to compare actual prices in both cities.
Renting a Home
A modern, furnished one-bedroom apartment in Medellin’s central zones might cost \$700–\$1,000 USD/month. In Pereira, a similar unit can often be found for \$400–\$700 USD/month, with even lower prices in more residential or suburban areas.
Check out rental listings to see real options in both cities.
Food, Groceries, and Dining Out
Pereira’s overall cost for dining and groceries tends to be 10–20% lower than Medellin. Restaurants in Pereira charge less, and markets offer similarly fresh produce for less money. This makes it easier to enjoy a comfortable lifestyle—even on a modest budget.
Transportation and Getting Around
Public Transit and Ride-Sharing
Medellin’s metro is a major benefit, but Pereira’s smaller size makes it easier to navigate without long commutes. Ride-sharing apps are widely available in both cities and typically cheaper in Pereira.
Car Ownership
Fuel prices and maintenance costs are similar, but Pereira has significantly less traffic, which can save you time, money, and stress.
Healthcare Costs
Both cities offer strong private and public healthcare systems. Pereira, with less demand and fewer administrative delays, often makes it easier and cheaper to get appointments quickly.
For example:
- A basic doctor visit in Medellin can cost \$40–\$60 USD.
- The same appointment in Pereira might cost \$30–\$50 USD.
Digital Nomad Suitability
While Medellin leads in coworking infrastructure and networking opportunities, Pereira is rapidly growing in this space. Internet speeds are comparable in both cities, especially in newer developments.
Final Verdict: Lifestyle, Value, and Vision
- Choose Medellin for urban buzz, nightlife, and expat social life—just know you’ll pay more for the privilege.
- Choose Pereira for peace, lower living costs, and authentic Colombian charm—without sacrificing comfort.
No matter your choice, EVERYPLACE is here to help you explore, compare, and invest with confidence.