![]() Of course, if you want you can find penthouse apartments, luxury homes on the ocean, eat fine dining every night, or have hired services to cook, clean and chauffer every day. The estimates are for middle-of-the-road living. Since your cost of living will depend on the city and neighborhood in which you choose to live, we´ve given you a range that covers city, country, mountains, and ocean. Most expats feel comfortable living in estrato 3 or higher So, when looking for a home to buy or rent, choosing a mid- to low-level estrato can lead to a big monthly savings. I live in an estrato 5 so I pay a premium for my services. The system applies subsidies to lower estrato residents. ![]() For example, if you live in an estrato 2 neighborhood, you will pay much lower rates than folks living in an estrato 6 neighborhood will. Lower estrato neighborhoods pay lower rates than higher estrato neighborhoods. The system assigns an estrato number to neighborhoods based on the average income of its residents. Oceanfront or ocean view properties are more expensive than those located several miles away from the water.Ĭolombia uses a tiered, estrato system to determine the cost of utilities, including electricity, natural gas, water, and telephone and internet service. Modest houses in the country and smaller towns are less expensive than the cities. ![]() Apartment (or condo) living in the cities is very common, and usually less expensive than free-standing homes. While you can pay $1 million or more for a large two-story, El Poblado home, a comparable home in cities such as Manizales or Pereira will cost $250,000 to $300,000. ![]() For instance, an American expat living in Medellín’s upscale El Poblado neighborhood pays about $1,250 a month to rent a three-bedroom high-rise apartment however, there is a very wide range of prices available throughout the city, beginning around $500. In major cities, such as Medellín and Bogotá, home and apartment prices often rival those you’d find in North American cities. The cost of living in Colombia depends on several factors, including the city and neighborhood in which you choose to live. ![]()
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