Cost of Living & Salary Comparison 2026
Yes, Medellín is 65% cheaper than Raleigh based on our cost of living index. Medellín has a COLI of 20.4, while Raleigh has a COLI of 58.6. 65% cheaper
Overall, Medellín is approximately 65% cheaper than Raleigh based on our cost of living index. Medellín has a COLI of 20.4 (ranked #109 of 182 cities), while Raleigh has a COLI of 58.6 (ranked #48).
When it comes to housing, one-bedroom apartment rent in Medellín averages $350/month compared to $1,450/month in Raleigh. That makes Medellín approximately 76% cheaper for rent alone.
Medellín has lower total deductions (13.2%) compared to Raleigh (23.6%), 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 COP 311,746,988 in Medellín, you would need approximately $215,441 in Raleigh to maintain the same purchasing power. That is 65% more due to higher cost of living.
Estimated mid-level annual salaries in local currency, adjusted for each city's cost of living:
| Job Title | Medellín (COP) | Raleigh (USD) |
|---|---|---|
| Doctor (General) | COP 152,631,325 | $105,480 |
| Software Engineer | COP 72,075,904 | $49,810 |
| Product Manager | COP 84,795,181 | $58,600 |
| Lawyer | COP 84,795,181 | $58,600 |
| Data Scientist | COP 80,555,422 | $55,670 |
| Marketing Manager | COP 61,052,530 | $42,192 |
| Teacher | COP 40,701,687 | $28,128 |
| Nurse | COP 49,181,205 | $33,988 |
Salary estimates are adjusted by each city's COLI relative to the New York baseline. Actual salaries vary by company, experience, and industry.
| Neighborhood | Multiplier |
|---|---|
| El Poblado | 1.30x (+30%) |
| San Lucas | 1.18x (+18%) |
| Provenza | 1.15x (+15%) |
| Laureles | 1.12x (+12%) |
| Envigado | 1.08x (+8%) |
| Neighborhood | Multiplier |
|---|---|
| Chapel Hill | 1.25x (+25%) |
| Glenwood South | 1.22x (+22%) |
| Downtown Raleigh | 1.20x (+20%) |
| North Hills | 1.18x (+18%) |
| ITB (Inside the Beltline) | 1.18x (+18%) |
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Open Salary ConverterRaleigh is more expensive overall. Medellín has a COLI of 20.4 while Raleigh has a COLI of 58.6, making Medellín approximately 65% cheaper.
To maintain the same standard of living as COP 311,746,988 in Medellín, you would need approximately $215,441 in Raleigh.
Average one-bedroom rent in Medellín is $350/month compared to $1,450/month in Raleigh. Medellín has lower rent by approximately 76%.
Medellín has lower total deductions (13.2%) compared to Raleigh (23.6%), 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: 2026-02-28. Data is refreshed periodically. All figures are estimates for informational purposes only.