Cost of living in Envigado
Envigado, a vibrant city in Colombia, offers a unique blend of cultural richness and modern amenities. Understanding the cost of living here is crucial for anyone considering relocation or planning an extended stay.
This guide provides a detailed breakdown of expenses, from dining and groceries to housing and transportation, helping you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $5 on average.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $27.3.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $5.69.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer averages $2.27, imported beer $3.41, cappuccino $1.14, and Coke/Pepsi $1.02.
Grocery Prices
- Milk - Milk is priced between $1.02 and $1.14 per liter, averaging $1.08.
- Local Cheese - Local cheese costs approximately $1.82 per kg.
- Bottle of Wine - A mid-range bottle of wine costs around $13.65.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.78 and $0.8 per liter.
- Taxi Fares - Taxi fares start at $1.16.
- Car Purchase - A new Volkswagen Golf costs approximately $19,336.96, while a Toyota Corolla is around $25,024.3.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $250.24, ranging from $204.74 to $295.74.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $454.99.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $614.23, ranging from $363.99 to $864.48.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $909.97.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $847.41.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $1296.71.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $77.35 and $107.43, averaging $92.39.
- Internet - Internet services range from $22.75 to $25.02, with an average cost of $23.89.
- Mobile Phone Plan - A mobile phone plan with calls and 10GB+ data averages $10.81, ranging from $9.1 to $12.51.
Cost of Living Rankings
The cost of living indices for Colombia are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Colombia, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Envigado offers a relatively affordable cost of living compared to many urban centers, with low rental prices and inexpensive dining options.
Transportation costs are modest, especially for fuel, making it economical for car owners.
Utilities and internet services are reasonably priced, contributing to the overall affordability of living in Envigado.
Conclusion
In conclusion, Envigado presents a cost-effective living environment with affordable housing, dining, and transportation options.
This makes it an attractive destination for individuals and families looking to enjoy a comfortable lifestyle without the high costs associated with larger cities.