Is $50 a lot of money in Colombia?

I'm curious to know, is $50 considered a significant amount of money in Colombia? From my understanding, the cost of living and the value of the Colombian peso vary significantly compared to other countries. Could you elaborate on how far $50 goes in terms of daily expenses, such as food, transportation, and basic necessities? Additionally, are there any cultural or economic factors that might influence the perception of $50 as a large or small amount of money in Colombia?