Living The Dream In Medellín, Colombia
As the saying goes, "Time flies when you’re having fun..." I couldn’t agree more. It’s hard to believe… but it’s...
Read moreLief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.
Santiago de Cali, also known as Cali, is considered the salsa capital of Colombia and the “city of eternal summer.”
Cali is one of the oldest cities in the Americas, founded in 1536 by the Spaniards, the area having been inhabited by indigenous tribes before their arrival.
Cali is located in a valley with mountains to the west, the Cauca River to the east and plains to the north and south. It is situatedat 3,340 feet (1,018 meters), with a warm climate and little pollution. The official language of Colombia (and Cali) is Spanish, used for all government transactions, as well as in most business situations.
If you are interested in moving to Cali and buying property, you’ll be interested to know that real estate prices can be significantly cheaper here than in Colombia’s more popular destinations, Bogota and Medellin. The property industry in Cali is fairly well organized, with a number of great deals always on the market.
The city has a well built up infrastructure with reliable electricity, phone service, and high-speed internet.
Roads and highways within the city are well-maintained, so owning a vehicle won’t require extra amounts of maintenance.
You’ll find many of the typical conveniences that you’re used to back home, from shopping malls to boutiques, large banks with branches around the city, and tons of great dining options.
With 150 multinational companies located in Cali, your job prospects are much greater than some of South America’s other top destinations.
In Cali, you can choose from a wide range of lifestyles. Whether you’re renting in the city center or purchasing a property on the outer edge, there are a great many options for every personal or family consideration. You’ll also be able to make friends with like-minded people, as there is a small but slowly growing permanent expat community as well as a growing “snowbird” expat community that are in the city to escape the snow during winter months up north.
And if you love dancing, the nightlife experience in Cali is second to none.
Start Your New Life Today, Overseas
A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today
Your cost of living in Cali could have a wide range, depending on your individual lifestyle and family size.
The good news is that you can live a comfortable life, even on a modest budget.
Renting will cost more than owning a home, of course, but this doesn’t factor in the substantial cost of buying a property.
Budget Items | Cost | Cost Assumptions |
---|---|---|
Rent | COP 1,500,000 | Unfurnished, 80–90 square meter two-bedroom apartment (estrato 4–6). |
Gas | COP 40,000 | Used for cooking, hot water, and gas dryer. |
Transportation | COP 150,000 | Assume walking and light travel about town. |
Electricity | COP 250,000 | Widely variable, assume air conditioning (turned off when not home). |
Water | COP 60,000 | |
Cable/Phone/Internet Bundle | COP 142,000 | This bundled price saves about 50% on these services. |
Cell Phone | COP 60,000 | Two cell phones on postpaid plan. |
Household Help | COP 750,000 | |
Groceries | COP 950,000 | |
Entertainment | COP 900,000 | |
Total | COP 4,802,000 |
Budget Items | Cost | Cost Assumptions |
---|---|---|
Rent | COP 0 | |
HOA Fees | COP 480,000 | |
Property Taxes, Monthly | COP 250,000 | |
Gas | COP 40,000 | Used for cooking, hot water, and gas dryer. |
Transportation | COP 150,000 | Assume walking and light travel about town. |
Electricity | COP 250,000 | Widely variable, assume air conditioning (turned off when not home). |
Water | COP 60,000 | |
Cable/Phone/Internet Bundle | COP 142,000 | This bundled price saves about 50% on these services. |
Cell Phone | COP 60,000 | Two cell phones on postpaid plan. |
Household Help | COP 750,000 | |
Groceries | COP 950,000 | |
Entertainment | COP 900,000 | |
Total | COP 4,032,000 |
Start Your New Life Today, Overseas
A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today
Budget Items | Cost | Cost Assumptions |
---|---|---|
Rent | COP 1,200,000 | Unfurnished, 80–90 square meter two-bedroom apartment (estrato 3). |
HOA Fees | COP 0 | |
Property Taxes, Monthly | COP 0 | |
Gas | COP 40,000 | Used for cooking, hot water, and gas dryer. |
Transportation | COP 100,000 | This assumes walking and buses, less taxi use. |
Electricity | COP 100,000 | No air conditioning; fans only. |
Water | COP 60,000 | |
Internet Only | COP 65,000 | |
Cell Phone | COP 60,000 | Two cell phones on postpaid plan. |
Groceries | COP 650,000 | |
Entertainment | COP 600,000 | |
Total | COP 2,875,000 |
Click here for currency conversion at today’s exchange rate.
As the saying goes, "Time flies when you’re having fun..." I couldn’t agree more. It’s hard to believe… but it’s...
Read moreBest Caribbean Seaside City You’ve Never Heard Of Cartagena continues to boost its profile as a prime travel and investment...
Read moreHow does up-and-comer Medellín, Colombia, rate versus long-standing number-one retire-overseas choice Panama City? Here's how I'd lay this out... Panama...
Read moreI have traveled to Pereira, known as Colombia’s second “City of Eternal Spring,” many times over the past several years… and I don’t understand why this little city remains so undiscovered. Pereira is one of the corners of Colombia’s Coffee Triangle, along with the nearby cities of Armenia and Manizales. The scenery in this coffee region of Colombia is stunning. This is one of the best regions in this country for hiking, photography, horseback riding, and all sorts of outdoor...
Read moreSign up for our free daily e-letter, Overseas Opportunity Letter, and get your FREE report: The 10 Best Places To Retire Overseas In 2023
© 2008-2023 - Live and Invest Overseas - All Rights Reserved.
© 2008-2023 - Live and Invest Overseas - All Rights Reserved.
Download your FREE report on
The Best Places To Retire In 2023
FREE:
Find Your Paradise Overseas