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Top Destinations:
Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.
Best For:
How Much Will It Cost You To Live Overseas?
The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…
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Nov. 13, 2025
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Home » Best Countries To Live, Invest, And Retire Overseas » Colombia » Cost Of Living In Colombia
Want to find out how much it would cost you to live or retire in Colombia today? Our cost of living budget for Colombia has you covered!
Colombia offers a premium lifestyle at a not-so-premium price. The cost of living in Colombia is likely to be much less than you are used to back home.
Many expats estimate their monthly expenses are roughly 50% to 60% of what they were before making the move to Colombia.
The cost savings are not just for residents either, as many tourists find food, accommodations, and travel expenses to be lower than most anywhere in South America.
The low cost of living in Colombia is one of the most attractive aspects drawing in retirees.
Whether you are on a social security income and need to stretch your retirement dollars or your looking to live out your savings in a life of luxury, you can live a happy retirement in Colombia.
Everything from groceries to prescriptions are likely to cost much less in Colombia.
Exceptional health care is another reason retiring in Colombia is so alluring. For example, costs for procedures can be 50% to 90% less than for comparable procedures performed Stateside.
Personal spending habits can vary drastically, but the following sample is based on a two-person household living a comfortable expatriate lifestyle (not lavish, but not too meager. However, it is assuming that your own your home and car outright.
Reviewed By Lief Simon
Lief 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.
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Cost Of Living In Colombia | Monthly Budget In COP |
---|---|
Food (Groceries) | COP720,460 |
Electricity (750kwh avg.) | COP70,000 |
Water | COP95,000 |
Gas (Household) | COP35,000 |
Cable Television | COP60,000 |
Internet, Telephone | Included In Cable |
Entertainment (Dining, Movies, Bars, Etc.) | COP825,000 |
Rent | COP1,500,000 |
Monthly total | COP3,305,460. |
Reviewed By Lief Simon
Lief 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.
Start Your New Overseas Life Today
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Colombia has a temporary visa. To get it, you will need to provide proof that you have accepted a job in Colombia. Colombia visas for temporary work are issued for a two-year term.
Once your work visa is approved, you will need to register for your Colombian foreign identification card. There are 14 classes of the temporary work visas.
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