What is the Cost of Living in Cali in 2024?
The capital of the Valle del Cauca region in Colombia, Cali, shows a very colourful side of the country with the best examples of architectural and historical monuments and modern services to patrons. This city, famed for its salsa music and as a medical tourism hub, has recently attracted foreigners such as expatriates and digital nomads.
Thus, as more people contemplate moving to Cali, information concerning the current cost of living assumes higher importance. In 2024, Cali offers quite an appealing combination of cosmopolitan appeal and comparatively low cost of living, should one want to immerse themselves in the fast-paced life of a South American metropolis.
Let’s get into all the details!
What is the Average Cost of Living in Cali?
Housing costs are one of the major forces that could influence the general cost of living in Cali based on family size and specific lifestyle preferences. On average, monthly costs amounted to approximately Col $6,600,000 for a household of four people subscribing to the basic needs category comprised of shelter, food, transportation, and other miscellaneous.
Check out the following table to learn more about Cali's average cost of living for bachelors, students, and families.
Cost of Living in Cali for Bachelors
Men who are single and living in Cali will spend slightly less every month, and the total expenditure should not exceed OL $2,800,000. This amount provides for shelter—cereal, a small apartment in the city centre, bus fares, local telephone calls, and a few non-essential purchases or entertainment.
However, actual costs factor in propositions of individual tastes, choice of areas of the city, and prudent or extravagant spending.
Cost of Living in Cali for Students
The students' housing in Cali is relatively cheap. However, the prices differ depending on the zone called estrato. It is possible to rent houses varying from €250 to €1000 per month, depending on rooms and the services they offer. Selecting flats in other zones that are not as touristy can be much cheaper and give students the desired budget alongside the spirit and offerings of the city.
The following table highlights some of the key expenses:
Cost of Living in Cali for a Family
The average estimated monthly expenses are COL $1,810.8 (COL $7,195,117.5), not including rent. Indeed, the average rent for housing in the upper strata (5-6) for a 3rd bedroom unfurnished apartment is COL $2,000,000 per month with utilities.
However, in estratos 3-4, there are cheaper offers that can cut these expenses in half; this way, the families can make their choice based on the lifestyle they prefer and territory.
Cost of Living in Cali for Couples
Couples in Cali need about COL $720 per month for basic expenses, which is not very high compared to global standards. In terms of cost, Cali takes 6,693 out of 9,294 cities worldwide, and it is in the tenth position of the most affordable cities in Colombia.
Factors That Determine the Cost of Living in Cali
Certain factors play a significant role in determining the cost of living in Cali, which mainly depends on the areas where you plan to live and the size of your family. Awareness of these elements is necessary if one anticipates planning a budget or estimating his/her expenditures.
1. Accommodation
The prices may differ significantly according to the estrato; however, there are accommodations to fit every stratum. Housing costs are most commonly people’s biggest monthly expense, and thus, the selection of the dwelling plays a significant role in shaping one’s expenditures.
2. Transportation
Transportation expenses in Cali play a massive role in formulating monthly general expenditures. Those who live close to their place of work or school are usually able to spend less on transport. Transit options include public transport, personal cars, and many others, and each has a cost factor.
3. Utilities
The costs of utilities within the residences depend on the estrato system, where the higher estratos pay more than the lower ones. This system is intended to support lower-performing regions but can be deleterious to the monthly budgets involved in wealthier regions.
4. Entertainment
It’s relatively cheap, although specific prices depend on individual preferences and lifestyles. Cali provides an opportunity to select the level of entertainment from local restaurants to more luxurious events, thus letting the residents regulate their entertainment expenses.
5. Childcare and Schooling
Education expenses are among the most important contributors to families' average cost levels. The decision to enrol the child at a public or private institution can significantly impact the family, and most international institutions cost a fortune.
Tips on Reducing the Cost of Living in Cali
Below are 5 informative tips to help you save money and live as cheaply as possible in Cali:
- Search for lodgings in regions with lower estrato index or in an appropriate place on the city's outskirts. This can tremendously impact your monthly expenses, especially the largest one, without detriment to comfort and safety.
- It is important to supply food from local markets in Cali and prepare meals at home. This saves money and allows one to taste Colombian cuisine.
- Take the local buses, the cheapest means of transport in Cali, to travel within the city. This will save you on transportation costs while you get a feel for the city like a citizen.
- Daily shopping from local grocery stores for the family's requirements. It is also common to find competitive price structures, which are usually cheaper than those in supermarkets, and to get a real feel of the local culture.
- Knowledge of the local languages enables you to ascertain market prices, bargain for the right prices, and secure products not packaged specially for tourists.
- People should consume products that are popular in their region by adopting cultural practices that are comparatively cheaper. This entails eating at less-known restaurants that do not target tourists as their clientele base.
Important Things to Know Before Moving to Cali
Before relocating to Cali, Colombia's salsa capital, consider these key factors:
Safety
Cali has undergone positive changes, but it is wise to remain alert and updated on security risks.
Cultural Richness
Visit Cali's festivals, historic spots, museums, and archaeological sites to learn about indigenous history.
Outdoor Lifestyle
Enjoy the constantly warm climate and go hiking to nearby mountains, forests, and the cool Río Pance.
Visa Requirements
The correct visa is usually the TP-4 for work, which ensures one makes arrangements to apply for residency in the long term if necessary.
Shipping Cost
Price is an important factor to know before relocating to Colombia to help estimate the cost of sending items. Shipping with less than a Container Load (LCL) also matters, provided you box and wrap your items correctly.
Housing Caution
Numerous rental scams are also popular among foreigners who only use well-known and trusted booking sites like Airbnb.
Language Preparation
Though not compulsory, learning Spanish will greatly enrich your daily experience and interaction with Cali’s culture.
Cali boasts of a diverse culture, great deals of affordable housing, and natural resources, making it more appealing to foreigners and freelancers. Of course, there are obstacles, but orientation and adherence to the norms of local etiquette can bring joy to this gem of Colombia.
As a destination that may attract you by the Latina dancing, tropical heat, or a low cost of living, Cali offers the freedom of an exotic South American experience.
FAQs about the Cost of Living in Cali
Is Cali a cheap city to live in?
The affordability of living in Cali is approximately below the global average of 93% of cities.
Is it relatively more expensive to live in Cali than in Mexico?
No, Cali is 21.2% less expensive than Mexico.
Is Colombia cheaper than India?
Prices for necessities in India are 25% lower than in Colombia.
What is Cali Colombia most famous for?
Cali is called the “Rumba Capital” by the rest of Colombia and the “Salsa Capital” worldwide due to its typical street celebration and dancing.
What language is spoken in Cali, Colombia?
More than 99.5% of Colombians speak Spanish. The San Andrés, Providencia, and Santa Catalina Islands also recognise English as one of their official languages. Besides Spanish, many other languages are spoken in Columbia, although they might not be officially recognised.
What is the climate of Colombia?
Colombia's climate can be described as tropical along the coast and in the eastern lowland regions, while it is cool in the highlands and in the Andes region.
How much money do you need to live comfortably in Colombia?
Regarding living costs, one person ideally needs a minimum of COL $2775122 per month to live comfortably in Colombia.
Why is Cali important to Colombia?
Cali has been a strategic Colombian transportation centre for the last 400 years and is linked by railroads and highways with major northeast cities and the Pacific littoral (Buenaventura).