Lima vs Medellin
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Lima vs Medellin
Medellin is 35% more affordable for homebuyers. Lima has a price-to-income ratio of 9.8x compared to 7.2x in Medellin.
| Metric | Lima | Medellin |
|---|---|---|
| Avg Home Price | $130,000 | $85,000 |
| Price / sqm | $2,200 | $1,500 |
| Rent (1BR) | $500/mo | $400/mo |
| Rent (3BR) | $900/mo | $700/mo |
| Price-to-Income | 9.8x | 7.2x |
| Mortgage Rate | 7.5% | 12.5% |
| 1yr Change | +2.8% | +3.8% |
| Median Income | $13,000/yr | $12,000/yr |
| Population | 10,000,000 | 2,500,000 |
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HomePricePeek Research TeamData Specialists
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
✓ OECD, Numbeo & National Statistics✓ Updated 2025
Frequently Asked Questions
Is Lima or Medellin more expensive?
Medellin is more affordable. Home prices differ by $45,000 (35%).
Which city has cheaper rent, Lima or Medellin?
Rent for a 1BR in Lima is $500/mo vs $400/mo in Medellin.
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