What is the average monthly income in Medellin Colombia?

How much does the average person make in Medellin Colombia?

The average salary for jobs in Medellin, Colombia is $ 28.718. 726 (COP) per year or an hourly rate of $ 13.807 (COP). The above data is a sample of data available in ERI’s Global Salary Calculator.

How much do Colombians make a month?

So, what is the average salary in Colombia? A person working in Colombia will earn an average salary of around $326 per month. The salaries range from $217, which is the minimum to $7106 as the maximum salary per month. These salaries are inclusive of transport, housing, and other benefits.

How much do you need to live comfortably in Medellin?

On average, living expenses are 60% to 70% less than the major U.S. cities of Boston, Los Angeles or Chicago.

Below is a sample monthly budget for a couple living in Medellín:

Expense U.S. Dollar
Rent (three-bedroom/two bath apartment,-unfurnished) $400 to $1,000
Electricity $40
Water & sewer $24
Gas $10
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What is the average salary in Colombia in US dollars?

List of American countries by monthly average wage

State Local Currency Net (USD)
Colombia COP $441
Argentina ARS $554
Canada CAD $2,500
Peru PEN $503

How much does the average person make in Colombia?

The average salary in Colombia is about 4,690,000 COP (Colombian Peso) per month. As per the latest exchange rate in August 2021, this roughly amounts to USD 1,200. That’s significantly less than the highest average salary figures in most other countries.

How much a doctor makes in Colombia?

Salary rankings by profession

Job type Median salary (USD) Salary ranking compared to all cities
Finance Manager $23,017 224/265
Data Scientist $22,490 217/265
UX Designer $21,254 212/265
Physician $21,129 221/265

What salary is considered rich in Colombia?

While the wealth of 71% of adults in Colombia is, on average, less than $10,000, just over 2% of adults have wealth of more than $100,000. Colombia’s richest have fortunes representing 4.6 times the state’s annual investment in education and equivalent to 22% of GDP according to Oxfam.

How much money do you need to live comfortably in Colombia?

Most self-funded younger foreigners or fixed-income retirees seem to live in Colombia on a budget of $1,000 to $2,500 per month, a fraction of what they were spending in their home country.

What is minimum wage in Colombia per hour?

Colombia: Monthly Minimum Wage and Transportation Aid for 2021 fixed by Colombian government

CONCEPT COP$ VALUE USD$ VALUE (ER: 3500)
Monthly Minimum Wage (MMW) $908.526 $260
Transportation Aid / Connectivity Aid (TA) $106.454 $30
MMW + TA $1.014.980 $290
Daily Minimum Wage (8 hours) $30.284 $8.65
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Is Bogota safer than Medellin?

The overall judgment would be that Medellin is considered safer than Bogota. The capital attracts more pickpocketers, thieves, and more areas seem unsafe at night. You need to be cautious and use your good judgment. No matter where you are, just use basic safety precautions, and you will be fine.

How much money should I take to Medellin?

You should plan to spend around CO$62,597 ($17) per day on your vacation in Medellin, which is the average daily price based on the expenses of other visitors. Past travelers have spent, on average, CO$24,525 ($6.47) on meals for one day and CO$9,159 ($2.42) on local transportation.

Is it safe for Americans to live in Medellin?

Medellin is largely considered to be one of the safest places in Colombia for independent, solo travelers—especially if you keep to the city’s well-populated areas.