Location Factors

Colombia

The location factor for Colombia is 0.56, based on national living costs.

This means a $94,645,162 (Colombian Peso) per year salary would roughly be compareable to €60,000 in Germany.
If you would have to pay full taxes in Germany, this amount would rise to $103,184,575 (Colombian Peso).
It would be $54,169,455 (Colombian Peso) based on market rates, $59,056,925 (Colombian Peso) with taxes paid in Germany.

You can also start a calculation based on Colombia.

Name Colombia
Chosen Factor 0.56 0.61*
Market Rates 0.32 0.35*
Consumer Price Index 0.51 0.56*
Rent Index* 0.48 0.52*
Consumer Price Plus Rent Index 0.50 0.55*
Groceries Index 0.56 0.61*
Restaurant Price Index* 0.41 0.45*
Local Purchasing Power Index* 0.32 0.35*
Buffer Location Bracket* D
Currency Colombian Peso (COP)
Income Tax* 0% to 33%
* Not used for index.* If taxes paid in Germany instead.
Market rates based on Glassdoor. Living costs based on Numbeo.

Locations in Colombia

City Factor Based On
Bogota 0.60 0.65* Living Costs
Cali 0.53 0.58* Living Costs
Medellin 0.52 0.56* Living Costs
create calculation* If taxes paid in Germany instead.