Cost of Living in Bogota, Colombia
Last updated on Nov 09, 2024
Summary: The cost of living in Bogota, Colombia is generally considered to be quite affordable. A nice 1 bedroom apartment in Bogota can cost anywhere from $400 to $800 per month in US Dollars, while a nice 2 bedroom apartment can cost anywhere from $600 to $1,200 per month in US Dollars. The cost of dinner at a moderately priced restaurant in Bogota is usually around $10 to $15 per person in US Dollars.
Is the cost of living in Bogota high?
We asked people how much they someone comfortably live on in Bogota, they wrote:
"The cost of living in Bogota is generally considered to be quite affordable. Groceries, transportation, and utilities are all relatively inexpensive compared to other cities in the region. Rent prices can vary depending on the area, but are generally lower than in other major cities. Eating out is also quite affordable, with many restaurants offering meals for a fraction of the cost of what they would be in other countries. Overall, Bogota is a great place to live for those looking for an affordable lifestyle," explained one expat living in Bogota.
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We have over 10 years of experience helping foreigners obtain visas, invest, and do business in Colombia. Take the stress out of immigrating to Colombia by working with an experienced, bilingual immigration attorney.
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Click connect to have our partner contact you via e-mail and/or phone.
Will I save money living in Bogota?
"Living in Bogota can be significantly cheaper than living in the United States. The cost of living in Bogota is much lower than in the US, with rent, groceries, and other everyday expenses costing significantly less. Additionally, the Colombian peso is much weaker than the US dollar, meaning that US dollars can go much further in Colombia. As a result, many people find that they can save money by living in Bogota compared to the United States," said one person in Bogota.
What is the average cost of housing in Bogota?
If you are thinking about moving to Bogota, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Bogota is generally considered to be quite affordable compared to other major cities in the world. Prices vary depending on the size and location of the property, but a one-bedroom apartment in the city center can typically be found for around $500 to $700 per month. Outside of the city center, prices can be even lower," explained one expat living in Bogota.
What are typical rental prices for expats in Bogota?
"The rental price for a nice 1 bedroom apartment in Bogota is typically around $500 to $700 per month, while a nice 2 bedroom apartment can cost around $700 to $900 per month," said an expat in Bogota.
What appliances are typically included in a rental?
We asked foreigners in Bogota what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Bogota typically include a refrigerator, stove, oven, washing machine, and dryer. Additionally, some properties may include a microwave, dishwasher, and air conditioning unit," remarked one expat in Bogota.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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