Your complete 2026 guide to retiring in Medellín, Colombia. Costs, visa options, healthcare, safety, and quality of life — all in one place.
| Category | Single | Couple |
|---|---|---|
| Rent (1BR / 2BR) | $350 | $490 |
| Groceries | $180 | $270 |
| Utilities | $120 | $156 |
| Transport | $60 | $120 |
| Healthcare | $35 | $60 |
| Total | $745 | $1,096 |
Based on current cost of living in Medellín, here's how long different savings amounts will sustain you:
| Savings | Single | Couple |
|---|---|---|
| $200,000 | 22.4 yrs | 15.2 yrs |
| $300,000 | 33.6 yrs | 22.8 yrs |
| $500,000 | 55.9 yrs | 38.0 yrs |
| $750,000 | 83.9 yrs | 57.0 yrs |
| $1.0M | 111.9 yrs | 76.0 yrs |
Assumes current costs, no investment returns or inflation adjustment. Calculate with your exact numbers →
Here are the visa programs available for retiring in Colombia:
~3x Colombian min wage (~$750/mo). Must enroll in EPS health system. M visa 3 years, then R visa (permanent) after 5 years.
~100x min wage (~$28K) in real estate or business. Same PR/citizenship path.
Remote workers with foreign employer. ~3x min wage. Does not count toward PR.
Tax rates are indicative. Your actual liability depends on residency status, tax treaties, and personal circumstances. Consult a tax advisor.
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Try Wise for Free →A single retiree needs approximately $745/month in Medellín, covering rent ($350), groceries, utilities, transport, and healthcare. A couple needs about $1,096/month.
Colombia offers 3 visa programs for retirees. The most accessible is the Colombia Retirement Visa (M-Type).
Medellín has a safety score of 46/100, ranking #135 out of 182 retirement destinations in our database.
Medellín scores 64/100 for healthcare quality, ranking #104 out of 182 cities. Private health insurance for retirees 60+ costs approximately $80/mo.
With $500,000 in savings, a single retiree can expect their money to last approximately 55.9 years in Medellín. For a couple, approximately 38.0 years.
Inheritance tax in Colombia: 10%. Capital gains tax: 15%. Wealth tax applies.
Our retirement data is compiled from multiple authoritative sources, cross-referenced for accuracy:
All data is for informational purposes only and updated periodically. Individual circumstances may vary. Consult a qualified financial advisor for personal retirement planning. Last updated: March 2026.