Medellin vs Quito
Home Price & Cost of Living Comparison
Live DataLast updated: March 31, 2026·Source: OECD, Numbeo & National Statistics
💡 Why it matters: Medellin vs Quito
Medellin is 11% more affordable for homebuyers. Medellin has a price-to-income ratio of 7.2x compared to 6.5x in Quito.
| Metric | Medellin | Quito |
|---|---|---|
| Avg Home Price | $85,000 | $95,000 |
| Price / sqm | $1,500 | $1,200 |
| Rent (1BR) | $400/mo | $400/mo |
| Rent (3BR) | $700/mo | $700/mo |
| Price-to-Income | 7.2x | 6.5x |
| Mortgage Rate | 12.5% | 9.5% |
| 1yr Change | +3.8% | +2.8% |
| Median Income | $12,000/yr | $15,000/yr |
| Population | 2,500,000 | 2,800,000 |
📊
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 Medellin or Quito more expensive?
Medellin is more affordable. Home prices differ by $10,000 (11%).
Which city has cheaper rent, Medellin or Quito?
Rent for a 1BR in Medellin is $400/mo vs $400/mo in Quito.
Explore the DataPeek Network