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

😐 Solo nomad: Akranes is 146.8% more expensive than Medellin without rent, and 255.6% more expensive with rent.

😐 Family of 3: Akranes is 199.9% more expensive than Medellin without rent, and 266.7% more expensive with rent.

Meal at Budget Restaurant

$26.45 ISK 3,299

$6.23 COP 26K

324.56%

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.1K

$32.34 COP 134.8K

349.38%

Fast Food Meal (McDonalds, etc)

$22.1 ISK 2,757

$7.39 COP 30.8K

199.05%

Cappuccino

$6.13 ISK 765

$1.72 COP 7,155

256.40%

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

$3.13 ISK 391

$1.1 COP 4,575

184.55%

Water (0.33 liter bottle)

$2.44 ISK 304

$0.73 COP 3,060

234.25%

Local Beer (0.5 liter draught)

$10.64 ISK 1,327

$1.66 COP 6,916

540.96%

Imported Beer (0.33 liter bottle)

$8.11 ISK 1,011

$3.2 COP 13.3K

153.44%

Milk (1 liter)

$1.96 ISK 245

$1.09 COP 4,552

79.82%

White Bread (500g)

$2.06 ISK 258

$1.24 COP 5,188

66.13%

Rice (white) (1kg)

$3.57 ISK 446

$1.33 COP 5,544

168.42%

Eggs

$5.88 ISK 734

$2.22 COP 9,252

164.86%

Local Cheese (1kg)

$18.07 ISK 2,254

$4.55 COP 19K

297.14%

Chicken Fillets (1kg)

$24.01 ISK 2,995

$5.71 COP 23.8K

320.49%

Beef Round Steak (1kg)

$41.8 ISK 5,214

$8.59 COP 35.8K

386.61%

Apples (1kg)

$3.35 ISK 418

$2.26 COP 9,410

48.23%

Banana (1kg)

$2.4 ISK 299

$1.07 COP 4,461

124.30%

Oranges (1kg)

$2.98 ISK 372

$1.51 COP 6,293

97.35%

Tomato (1kg)

$4.74 ISK 591

$1.42 COP 5,911

233.80%

Potato (1kg)

$3.64 ISK 455

$1.11 COP 4,619

227.93%

Onion (1kg)

$2.44 ISK 304

$1.18 COP 4,932

106.78%

Lettuce (1 head)

$3.18 ISK 397

$0.89 COP 3,718

257.30%

Water (1.5 liter bottle)

$1.99 ISK 248

$0.84 COP 3,507

136.90%

Cigarettes 20 Pack (Marlboro, Camel)

$13.65 ISK 1,702

$2.35 COP 9,809

480.85%

Wine (Bottle)

$24.29 ISK 3,030

$9.34 COP 38.9K

160.06%

Local Beer (0.5 liter bottle)

$2.79 ISK 348

$1.18 COP 4,927

136.44%

Imported Beer (0.33 liter bottle)

$1.96 ISK 245

$2.49 COP 10.4K

-21.29%

One-way Ticket (Public Transport)

$3.65 ISK 455

$0.83 COP 3,464

339.76%

Public Transport Monthly Pass (Regular Price)

$72.4 ISK 9,029

$41.9 COP 174.7K

72.74%

Taxi Start (Normal Tariff)

$6.2 ISK 773

$1.41 COP 5,899

339.72%

Taxi (Normal Tariff) (1km)

$1.04 ISK 130

$1.96 COP 8,164

-46.94%

Taxi 1hour Waiting (Normal Tariff)

$87.1 ISK 10.9K

$7.85 COP 32.7K

1009.43%

Gasoline (1 liter)

$2.51 ISK 314

$1.02 COP 4,265

146.08%

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

$46.9K ISK 5.8M

$17.6K COP 73.4M

166.31%

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

$53K ISK 6.6M

$26.2K COP 109.2M

102.35%

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

$88.8 ISK 11.1K

$82.5 COP 344.1K

7.60%

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

$27.52 ISK 3,433

$9.44 COP 39.4K

191.53%

Internet (50+ Mbps, Unlimited Data)

$86.4 ISK 10.8K

$23.51 COP 98K

267.46%

Gym Membership (Monthly)

$25.68 COP 107.1K

Tennis Court (1 Hour on Weekend)

$19.14 COP 79.8K

Cinema Ticket

$17.51 ISK 2,184

$3.96 COP 16.5K

342.17%

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

$321 ISK 40.1K

$305 COP 1.3M

5.39%

International Primary School, 1 Child (Yearly)

$30.5K ISK 3.8M

$5,925 COP 24.7M

415.45%

Jeans (Levis 501 Or Similar)

$138 ISK 17.2K

$57.9 COP 241.4K

137.63%

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,805

$31.59 COP 131.7K

98.04%

Sport Shoes (Adidas, Nike)

$184 ISK 23K

$103 COP 430.1K

78.46%

Men's Leather Business Shoes

$264 ISK 32.9K

$106 COP 440.5K

149.58%

1-bedroom Apartment, City Center (Monthly)

$2,925 ISK 364.9K

$489 COP 2M

497.78%

1-bedroom Apartment, Outside City Center (Monthly)

$1,877 ISK 234.1K

$379 COP 1.6M

395.15%

3-bedroom Apartment, City Center (Monthly)

$4,785 ISK 597K

$827 COP 3.4M

478.70%

3-bedroom Apartment, Outside City Center (Monthly)

$3,552 ISK 443.2K

$729 COP 3M

387.23%

Buy Apartment in City Center (m2)

$2,190 COP 9.1M

Buy Apartment Outside City Center (m2)

$1,532 COP 6.4M

Average Monthly Net Salary (After Tax)

$5,630 ISK 702.4K

$550 COP 2.3M

923.70%

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: October 29, 2025

Last update for Medellin: October 28, 2025

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