Cost of Living & Salary Comparison 2026
Overall, Medellín is approximately 20% cheaper than Buenos Aires based on our cost of living index. Buenos Aires has a COLI of 25.6 (ranked #94 of 113 cities), while Medellín has a COLI of 20.4 (ranked #109).
When it comes to housing, one-bedroom apartment rent in Buenos Aires averages $400/month compared to $350/month in Medellín. That makes Medellín approximately 12% cheaper for rent alone.
Medellín has lower total deductions (13.2%) compared to Buenos Aires (48.0%), meaning you keep more of your gross salary in Medellín. When evaluating a relocation, remember that total deductions directly impact your take-home pay and should be weighed alongside cost of living differences.
Full breakdown of mandatory payroll deductions for a mid-range salary as a local employee in each city.
Rates shown for local employees. Expat deductions may differ — use the main converter for personalized calculations.
If you earn AR$83,584,337 in Buenos Aires, you would need approximately COP 248,423,381 in Medellín to maintain the same purchasing power. That is 20% less thanks to lower cost of living.
COLI-scaled lifestyle equivalents of New York mid-range salaries — not local market pay. For verified/OECD local-market figures see salary pages.
| Job Title | Buenos Aires (ARS) | Medellín (COP) |
|---|---|---|
| Doctor (General) | AR$51,354,217 | COP 152,631,325 |
| Software Engineer | AR$24,250,602 | COP 72,075,904 |
| Product Manager | AR$28,530,120 | COP 84,795,181 |
| Lawyer | AR$28,530,120 | COP 84,795,181 |
| Data Scientist | AR$27,103,614 | COP 80,555,422 |
| Marketing Manager | AR$20,541,687 | COP 61,052,530 |
| Teacher | AR$13,694,458 | COP 40,701,687 |
| Nurse | AR$16,547,470 | COP 49,181,205 |
These are COLI lifestyle equivalents of the New York mid baseline, not typical local market pay. See methodology and profession×city salary pages for market figures with source badges.
| Neighborhood | Multiplier |
|---|---|
| Puerto Madero | 1.35x (+35%) |
| Palermo Chico | 1.30x (+30%) |
| Recoleta | 1.28x (+28%) |
| Palermo (Soho) | 1.25x (+25%) |
| Palermo Hollywood | 1.18x (+18%) |
| Neighborhood | Multiplier |
|---|---|
| El Poblado | 1.30x (+30%) |
| San Lucas | 1.18x (+18%) |
| Provenza | 1.15x (+15%) |
| Laureles | 1.12x (+12%) |
| Envigado | 1.08x (+8%) |
Use our converter with 2,400+ neighborhood adjustments for a precise salary comparison
Open Salary ConverterBuenos Aires is more expensive overall. Buenos Aires has a COLI of 25.6 while Medellín has a COLI of 20.4, making Medellín approximately 20% cheaper.
To maintain the same standard of living as AR$83,584,337 in Buenos Aires, you would need approximately COP 248,423,381 in Medellín.
Average one-bedroom rent in Buenos Aires is $400/month compared to $350/month in Medellín. Medellín has lower rent by approximately 12%.
Medellín has lower total deductions (13.2%) compared to Buenos Aires (48.0%), meaning you keep more of your gross salary in Medellín.
Cost of living indices (COLI) are benchmarked to New York City = 100 and derived from Numbeo and Expatistan crowd-sourced price surveys, cross-referenced with national statistics agencies. Rent data from Numbeo Property Prices.
Salary ranges are compiled from the U.S. Bureau of Labor Statistics (OES), Glassdoor, and PayScale. Tax rates are approximate effective rates for mid-range earners based on OECD Taxing Wages and national tax authorities. Exchange rates from the European Central Bank. Neighborhood multipliers are estimated from local rental indices and property data.
Last updated: 2026-08-31. Data is refreshed periodically. All figures are estimates for informational purposes only.