Smaller Cities Still Offer Expats a Low Cost of Living
Colombia has long been a desirable destination for expatriates seeking a vibrant culture, picturesque landscapes, and a lower cost of living. However, in recent years, the skyrocketing cost of rent in large cities like Medellin has become a growing concern. As rents continue to soar in these popular metropolises, savvy expatriates are turning their attention to smaller cities like Armenia, Ibague, or Tunja, where affordable rental opportunities exist. Let’s explore the rising cost of rent in large Colombian cities and make a case for why expatriates seeking value should consider moving to cities like Tunja.
The Rent Crisis in Large Cities
The growth and development of cities like Medellin have led to a substantial increase in demand for housing, resulting in soaring rent prices. High levels of urbanization and gentrification, coupled with limited housing options, have contributed to this crisis. One site focused on Medellin expats notes studies showing as much as a 60% year over year increase in rental rates in parts of the city.1 As foreign investment poured into these cities, the cost of living surged, putting pressure on rental prices. Increases in Bogota are also noted, and anticipated to increase, though not at the rate of Medellin.2
For expatriates considering Medellin or other large Colombian cities, it’s important to note that monthly rents can significantly eat into your budget. While these cities offer a multitude of advantages like a vibrant atmosphere, infrastructure, and cultural experiences, the hefty rental costs, particularly in “desirable” areas, can bring housing costs on a par with, or even in excess of, those found in large US cities. The allure of Medellin as a place to live champagne dreams on a soda pop budget is a thing of the past.
Tunja: A Case Study
Enter Tunja, a picturesque city nestled in the Andes Mountains. Tunja offers an alternative for expatriates seeking affordable living options without compromising the beauty and charm of Colombia. Here are a few reasons why Tunja deserves your attention:
- Affordability: In Tunja, attractive apartments in good barrios are available for less than 1,000,000 Colombian Pesos (COP) monthly. The magical less than $300 a month number is all but gone in large cities, but smaller settings make that price point very attainable. Usually in buildings older than ten years, these apartments are often bigger and more solidly constructed than newer buildings. This affordability allows expatriates to allocate their resources towards other aspects of their life, such as exploring local cuisines, traveling, or investing in businesses or personal projects.
- Rich Cultural Heritage: Tunja, with its colonial architecture and historical landmarks, provides an authentic Colombian experience. This smaller city fosters a strong sense of community and offers expatriates an opportunity to immerse themselves in Colombian traditions and customs. As larger cities more and more reflect the makeup of their international vibe, smaller towns preserve Colombian traditions and lifestyle.
- Natural Beauty: Surrounded by awe-inspiring landscapes, Tunja offers breathtaking views and abundant outdoor activities. Exploring nearby attractions like Lake Tota or hiking the surrounding mountains provides respite from the hustle and bustle of daily life. A short drive outside the city can refresh you with mountain views and charming pueblos to visit.
- Growing Infrastructure: While Tunja retains its small-town charm, it continues to develop and improve its infrastructure. Expatriates will find a range of amenities, including modern shopping centers, entertainment venues, and reliable transportation options. Numerous providers offer high speed internet (often with same or next day activation) to meet the needs of remote workers and digital nomads alike.
- Access to Large Cities: Despite being a smaller city, Tunja maintains excellent connectivity to larger urban areas. Its proximity to Bogotá, the capital city, ensures that expatriates can easily access the amenities and opportunities found in a major metropolis when needed.
- Safety. While the internet seems to bring us weekly tragedies befalling Medellin visitors and expats, smaller cities like Tunja, are often rated among the safest in the country.3
Get More by Thinking Smaller
As the cost of rent continues to skyrocket in large Colombian cities like Medellin, expatriates seeking a more affordable and well-rounded experience are considering smaller cities such as Tunja. With its affordable rental options, rich cultural heritage, natural beauty, and growing infrastructure, Tunja provides an enticing blend of value and quality of life. By looking beyond the typical expatriate destinations, individuals can unlock opportunities to live, work, and explore Colombia on a budget while immersing themselves in the warmth and hospitality of a close-knit community.
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