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

😐 Solo nomad: Akranes is 220.4% more expensive than Medellin without rent, and 239.9% more expensive with rent.

😐 Family of 3: Akranes is 179.4% more expensive than Medellin without rent, and 244.6% more expensive with rent.

Meal at Budget Restaurant

$27.36 ISK 3,446

$5.97 COP 21.9K

358.29%

Three-Course Dinner for Two, Mid-Range

$146 ISK 18.4K

$32.40 COP 119.0K

350.00%

Fast Food Meal (McDonalds, etc)

$22.31 ISK 2,811

$7.13 COP 26.2K

212.90%

Cappuccino

$6.05 ISK 763

$1.65 COP 6,043

266.67%

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

$3.15 ISK 397

$1.06 COP 3,882

197.17%

Water (0.33 liter bottle)

$2.41 ISK 304

$0.77 COP 2,839

212.99%

Local Beer (0.5 liter draught)

$10.34 ISK 1,303

$1.75 COP 6,418

490.86%

Imported Beer (0.33 liter bottle)

$7.80 ISK 983

$3.06 COP 11.2K

154.90%

Milk (1 liter)

$1.90 ISK 239

$1.10 COP 4,026

72.73%

White Bread (500g)

$2.02 ISK 255

$1.30 COP 4,771

55.38%

Rice (white) (1kg)

$3.59 ISK 453

$1.34 COP 4,905

167.91%

Eggs

$5.94 ISK 748

$2.26 COP 8,299

162.83%

Local Cheese (1kg)

$18.33 ISK 2,310

$4.50 COP 16.5K

307.33%

Chicken Fillets (1kg)

$24.13 ISK 3,039

$5.80 COP 21.3K

316.03%

Beef Round Steak (1kg)

$42.32 ISK 5,331

$8.96 COP 32.9K

372.32%

Apples (1kg)

$3.22 ISK 406

$2.37 COP 8,691

35.86%

Banana (1kg)

$2.41 ISK 303

$1.07 COP 3,939

125.23%

Oranges (1kg)

$2.97 ISK 374

$1.48 COP 5,418

100.68%

Tomato (1kg)

$4.77 ISK 601

$1.36 COP 5,011

250.74%

Potato (1kg)

$3.70 ISK 466

$1.13 COP 4,135

227.43%

Onion (1kg)

$2.41 ISK 304

$1.13 COP 4,161

113.27%

Lettuce (1 head)

$3.15 ISK 397

$0.89 COP 3,274

253.93%

Water (1.5 liter bottle)

$2.02 ISK 255

$0.85 COP 3,114

137.65%

Cigarettes 20 Pack (Marlboro, Camel)

$13.77 ISK 1,734

$2.28 COP 8,361

503.95%

Wine (Bottle)

$23.90 ISK 3,011

$10.15 COP 37.3K

135.47%

Local Beer (0.5 liter bottle)

$2.78 ISK 351

$1.19 COP 4,359

133.61%

Imported Beer (0.33 liter bottle)

$1.98 ISK 250

$2.40 COP 8,828

-17.50%

One-way Ticket (Public Transport)

$3.66 ISK 461

$0.84 COP 3,074

335.71%

Public Transport Monthly Pass (Regular Price)

$71.3 ISK 8,978

$40.85 COP 150.0K

74.47%

Taxi Start (Normal Tariff)

$6.39 ISK 804

$1.48 COP 5,417

331.76%

Taxi (Normal Tariff) (1km)

$1.04 ISK 131

$1.89 COP 6,949

-44.97%

Taxi 1hour Waiting (Normal Tariff)

$85.9 ISK 10.8K

$8.05 COP 29.5K

966.71%

Gasoline (1 liter)

$2.43 ISK 306

$0.94 COP 3,455

158.51%

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

$46.5K ISK 5.9M

$17.7K COP 65.1M

161.99%

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

$52.2K ISK 6.6M

$26.4K COP 96.8M

98.21%

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

$87.1 ISK 11.0K

$81.9 COP 300.7K

6.33%

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

$26.95 ISK 3,394

$9.54 COP 35.0K

182.49%

Internet (50+ Mbps, Unlimited Data)

$85.5 ISK 10.8K

$23.68 COP 87.0K

261.19%

Gym Membership (Monthly)

$25.85 COP 94.9K

Tennis Court (1 Hour on Weekend)

$18.72 COP 68.7K

Cinema Ticket

$17.73 ISK 2,234

$4.05 COP 14.9K

337.78%

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

$322 ISK 40.6K

$316 COP 1.2M

1.93%

International Primary School, 1 Child (Yearly)

$29.9K ISK 3.8M

$5,971 COP 21.9M

401.32%

Jeans (Levis 501 Or Similar)

$142 ISK 17.8K

$59.0 COP 216.4K

140.10%

Summer Dress (H&M, Zara, etc)

$60.9 ISK 7,670

$32.49 COP 119.3K

87.38%

Sport Shoes (Adidas, Nike)

$184 ISK 23.2K

$99.9 COP 366.7K

84.36%

Men's Leather Business Shoes

$264 ISK 33.3K

$108 COP 394.9K

145.86%

1-bedroom Apartment, City Center (Monthly)

$3,023 ISK 380.8K

$491 COP 1.8M

515.07%

1-bedroom Apartment, Outside City Center (Monthly)

$1,884 ISK 237.3K

$371 COP 1.4M

407.61%

3-bedroom Apartment, City Center (Monthly)

$4,833 ISK 608.8K

$821 COP 3.0M

488.40%

3-bedroom Apartment, Outside City Center (Monthly)

$3,648 ISK 459.6K

$731 COP 2.7M

398.98%

Buy Apartment in City Center (m2)

$3,019 COP 11.1M

Buy Apartment Outside City Center (m2)

$1,332 COP 4.9M

Average Monthly Net Salary (After Tax)

$5,462 ISK 688.1K

$517 COP 1.9M

956.58%

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: January 11, 2026

Last update for Medellin: January 12, 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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