Cost of Living Comparison Between Akranes and Medellin Cost of Living Comparison Between Akranes and Medellin

😐 Solo nomad: Akranes is 195.7% more expensive than Medellin without rent, and 239.1% more expensive with rent.

😐 Family of 3: Akranes is 229.7% more expensive than Medellin without rent, and 265.5% more expensive with rent.

Meal at Budget Restaurant

$27.06 ISK 3,386

$6.03 COP 22.8K

348.76%

Three-Course Dinner for Two, Mid-Range

$144 ISK 18.0K

$33.17 COP 125.6K

334.82%

Fast Food Meal (McDonalds, etc)

$22.09 ISK 2,764

$7.29 COP 27.6K

203.02%

Cappuccino

$5.98 ISK 748

$1.63 COP 6,170

266.87%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$3.12 ISK 390

$1.05 COP 3,971

197.14%

Water (0.33 liter bottle)

$2.43 ISK 304

$0.77 COP 2,916

215.58%

Local Beer (0.5 liter draught)

$10.49 ISK 1,313

$1.73 COP 6,550

506.36%

Imported Beer (0.33 liter bottle)

$7.95 ISK 995

$3.18 COP 12.0K

150.00%

Milk (1 liter)

$1.95 ISK 244

$1.07 COP 4,040

82.24%

White Bread (500g)

$2.00 ISK 250

$1.31 COP 4,965

52.67%

Rice (white) (1kg)

$3.56 ISK 445

$1.38 COP 5,227

157.97%

Eggs

$5.90 ISK 739

$2.25 COP 8,509

162.22%

Local Cheese (1kg)

$18.35 ISK 2,297

$4.48 COP 17.0K

309.60%

Chicken Fillets (1kg)

$24.33 ISK 3,045

$5.74 COP 21.7K

323.87%

Beef Round Steak (1kg)

$41.63 ISK 5,210

$8.86 COP 33.6K

369.86%

Apples (1kg)

$3.22 ISK 403

$2.24 COP 8,490

43.75%

Banana (1kg)

$2.43 ISK 305

$1.06 COP 4,012

129.25%

Oranges (1kg)

$2.96 ISK 370

$1.51 COP 5,732

96.03%

Tomato (1kg)

$4.85 ISK 607

$1.36 COP 5,151

256.62%

Potato (1kg)

$3.52 ISK 440

$1.12 COP 4,244

214.29%

Onion (1kg)

$2.33 ISK 291

$1.17 COP 4,427

99.15%

Lettuce (1 head)

$3.06 ISK 383

$0.90 COP 3,416

240.00%

Water (1.5 liter bottle)

$1.95 ISK 244

$0.84 COP 3,169

132.14%

Cigarettes 20 Pack (Marlboro, Camel)

$13.41 ISK 1,678

$2.26 COP 8,553

493.36%

Wine (Bottle)

$23.60 ISK 2,954

$9.97 COP 37.8K

136.71%

Local Beer (0.5 liter bottle)

$2.84 ISK 355

$1.18 COP 4,479

140.68%

Imported Beer (0.33 liter bottle)

$2.04 ISK 256

$2.39 COP 9,048

-14.64%

One-way Ticket (Public Transport)

$3.51 ISK 440

$0.86 COP 3,253

308.14%

Public Transport Monthly Pass (Regular Price)

$72.0 ISK 9,015

$41.45 COP 156.9K

73.80%

Taxi Start (Normal Tariff)

$6.50 ISK 813

$1.47 COP 5,555

342.18%

Taxi (Normal Tariff) (1km)

$1.04 ISK 130

$1.95 COP 7,367

-46.67%

Taxi 1hour Waiting (Normal Tariff)

$86.8 ISK 10.9K

$7.76 COP 29.4K

1017.91%

Gasoline (1 liter)

$2.55 ISK 319

$0.97 COP 3,663

162.89%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$46.9K ISK 5.9M

$17.9K COP 68.0M

161.17%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$52.4K ISK 6.6M

$26.7K COP 101.2M

96.27%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$89.3 ISK 11.2K

$81.1 COP 307.1K

10.10%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$27.35 ISK 3,422

$9.40 COP 35.6K

190.96%

Internet (50+ Mbps, Unlimited Data)

$85.2 ISK 10.7K

$23.61 COP 89.4K

260.99%

Gym Membership (Monthly)

$25.55 COP 96.7K

Tennis Court (1 Hour on Weekend)

$19.29 COP 73.0K

Cinema Ticket

$17.78 ISK 2,225

$4.10 COP 15.5K

333.66%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$321 ISK 40.1K

$306 COP 1.2M

4.72%

International Primary School, 1 Child (Yearly)

$29.6K ISK 3.7M

$5,899 COP 22.3M

402.00%

Jeans (Levis 501 Or Similar)

$141 ISK 17.7K

$59.8 COP 226.5K

135.96%

Summer Dress (H&M, Zara, etc)

$61.2 ISK 7,652

$31.96 COP 121.0K

91.33%

Sport Shoes (Adidas, Nike)

$180 ISK 22.5K

$103 COP 388.8K

74.92%

Men's Leather Business Shoes

$267 ISK 33.5K

$108 COP 408.4K

147.83%

1-bedroom Apartment, City Center (Monthly)

$3,016 ISK 377.5K

$483 COP 1.8M

524.16%

1-bedroom Apartment, Outside City Center (Monthly)

$1,896 ISK 237.2K

$377 COP 1.4M

402.32%

3-bedroom Apartment, City Center (Monthly)

$4,768 ISK 596.6K

$822 COP 3.1M

480.38%

3-bedroom Apartment, Outside City Center (Monthly)

$3,568 ISK 446.5K

$721 COP 2.7M

394.95%

Buy Apartment in City Center (m2)

$2,784 COP 10.5M

Buy Apartment Outside City Center (m2)

$1,320 COP 5.0M

Average Monthly Net Salary (After Tax)

$5,728 ISK 716.8K

$538 COP 2.0M

965.45%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

13.43

-28.29%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Akranes: March 1, 2026

Last update for Medellin: March 3, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

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