Cost of Living inMadrid, Colombia
Image credit: R26B from Japan
Purchasing Power vs. United States
Based on GDP per capita (PPP). Colombia: $18,477/capita.
How Far Your Money Goes
Prices are 41% lower than the global benchmark (New York City = 100).
Income Category
Happiness
5.7 / 10
#75 globally
GDP per Capita
City Population
Monthly Costs
Rent
Food
Transport
Utilities
Education
Public Education
Public-schooling rules are set nationally for Colombia; Madrid-specific enrollment notes are still being verified.
Quality
Mixed public-school option
Expat access
Available to residents
conditionalInstruction
Spanish
Language fit is more manageable.
PISA / outcomes
Qualitative only
Using curated quality notes for now.
Why this quality rating
Colombia’s public schools can work locally, but expat families usually view them as a compromise versus bilingual private options.
Why the expat-access rating looks like this
Resident families can usually enroll, but Spanish-medium instruction and uneven school quality make the public route more situational.
✅ Homeschooling
Legal, well-establishedColombia's constitution guarantees educational freedom. Homeschooling is legal and well-established, particularly in Medellín and Bogotá. Students can validate their learning through ICFES exams. No registration or curriculum requirements. Growing worldschooling community.
Homeschool legality in Colombia — check current regulations before committing.
Source: User-curated family relocation research (initial seed) (2026-04-14)
Childcare & Domestic Help
Estimate-only country fallback for the family-support costs we track in Colombia.
Full-time nanny (5 days)
$575-$1,025
Estimate-only country fallback
Live-in / 24-7 nanny
$1,150-$2,000
Estimate-only country fallback
Source: curated family relocation research(derived country fallback)
Getting Around
Neighborhood mobility profiles are rolling out city by city.Madrid is still missing a verified walkability, transit, airport, and rideshare profile.
Healthcare
System strength, outcome signals, facility coverage, and self-pay visibility in Colombia.
Method: country metrics come from public system indicators, facility coverage reflects mapped providers we can inventory, direct pricing only reflects observed self-pay pages, and relative care cost can fall back to broad cost-of-living healthcare indices. Sparse pricing does not imply sparse healthcare availability.
Hospital and clinic listings for Madrid are still being verified. The country-level health-system summary for Colombia applies; named facilities and direct self-pay prices appear here only after they are source-backed.
Healthcare system
StrongGood national coverage and low out-of-pocket burden support this rating.
Public care
GoodBroad public coverage and relatively low patient cost-sharing support this rating.
Private care
LimitedThis is an inferred read based on facility depth, private ownership signals, and available self-pay pricing.
UHC coverage
82/100
2023
Physicians
2.54/1k
2023
Hospital beds
1.70/1k
2020
Out of pocket
15%
2024
Outcome signals
Life expectancy
77.9 yrs
2024
Maternal mortality
59/100k
2023
Neonatal mortality
6.3/1k
2024
International patient readiness
LimitedPrice transparency is still sparse weigh on this rating.
Pricing transparency
LimitedPublished self-pay prices are scarce weigh on this rating.
Facility coverage
Self-pay pricing visibility
No verified self-pay prices are published for the tracked facilities in Colombia yet.
This usually reflects low online price transparency rather than a lack of healthcare providers.
System metrics: World Bank WDI · Updated 2026-05-18
Safety & Governance
Street Safety
Source: Numbeo where a city row is matched; otherwise World Bank WGI and country-level safety context.
Political Stability
World Bank WGI scale: -2.5 to +2.5.
Wages by Sector
| Sector | Median |
|---|---|
| Administrative & Support Services | — |
| Agriculture & Farming | — |
| Arts, Entertainment & Recreation | — |
| Construction | — |
| Education | — |
| Finance & Insurance | — |
| Healthcare & Social Work | — |
| Hospitality & Food Service | — |
| Information & Technology | — |
| Manufacturing | — |
| Mining & Quarrying | — |
| Other Services | — |
| Professional & Scientific Services | — |
| Public Administration & Defence | — |
| Real Estate | — |
| Retail & Wholesale Trade | — |
| Transport & Logistics | — |
| Utilities | — |
2025 annual wages in Madrid, Colombia · Source: DANE GEIH (region-adjusted)
Price Comparison vs. US
Visa Information (US passport)
Short-stay entry
US passport holders can enter without a visa.
Long-Term Visa Programs
digital nomad
Digital Nomad Visa
Migrated from legacy digital_nomad_visas row 18
retirement
Retirement Visa Colombia
Quick comparison FAQ
Structured from the deltas already shown on this page — no invented facts, no extra data sources.
How far does your money go in Madrid compared with the US?
Your money goes about 1.2x further in Madrid than in the US, based on the current PPP estimate.
Is Madrid cheaper or more expensive overall than New York City?
Madrid is cheaper overall than New York City — overall living costs are about 41% cheaper than the global benchmark (New York City) for Madrid.
How does rent in Madrid compare with New York City?
Rent in Madrid is about 67% cheaper than the global benchmark (New York City).
How expensive are groceries and restaurants in Madrid?
Groceries in Madrid are about 42% cheaper than the global benchmark (New York City), and restaurant prices are about 39% cheaper than the same benchmark.
About Madrid
Madrid is a municipality in Cundinamarca department in Colombia, sitting on the Bogota savanna roughly 25 kilometres west of the capital. The town functions as part of Bogota's extended metropolitan region, with cut-flower production for export, agriculture, and increasingly residential development driving the local economy. For relocators, Madrid offers a tropical highland climate moderated by Bogota's elevation around 2,550 metres, Spanish as the working language with limited English usage outside formal institutions, and costs below central Bogota. The town is accessible to Bogota by road, though traffic on the connecting routes is a persistent constraint. El Dorado International Airport is roughly 20 kilometres east. The cut-flower industry's seasonal labour patterns shape much of the local employment cycle.
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