Cost of Living Comparison Between Akure and Medellin Cost of Living Comparison Between Akure and Medellin

Monthly Cost of Living

A single person spends $647 per month in Akure vs $1,003 in Medellin, rent included.

A couple spends around $1,033 per month in Akure vs $1,573 in Medellin, rent included.

A family of three spends $1,420 per month in Akure vs $2,143 in Medellin, rent included.

Akure is about 35% cheaper than Medellin, driven mainly by Clothing & Footwear.

Both Akure and Medellin are more affordable than the global median – Akure 51% lower, Medellin 25% lower.

Meal at Budget Restaurant

$1.45 ₦1,980

$5.91 COP 18.9K

-75.47%

Three-Course Dinner for Two, Mid-Range

$17.32 ₦23.6K

$32.96 COP 105.2K

-47.45%

Fast Food Meal (McDonalds, etc)

$5.48 ₦7,471

$7.43 COP 23.7K

-26.24%

Cappuccino

$2.21 ₦3,010

$1.65 COP 5,276

33.94%

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

$0.36 ₦493

$1.10 COP 3,514

-67.27%

Water (0.33 liter bottle)

$0.22 ₦300

$0.78 COP 2,491

-71.79%

Local Beer (0.5 liter draught)

$0.78 ₦1,064

$1.72 COP 5,484

-54.65%

Imported Beer (0.33 liter bottle)

$1.44 ₦1,963

$3.18 COP 10.1K

-54.72%

Milk (1 liter)

$2.13 ₦2,903

$1.10 COP 3,521

93.64%

White Bread (500g)

$0.98 ₦1,341

$1.26 COP 4,015

-22.22%

Rice (white) (1kg)

$2.23 ₦3,043

$1.38 COP 4,407

61.59%

Eggs

$1.69 ₦2,300

$2.18 COP 6,950

-22.48%

Local Cheese (1kg)

$6.45 ₦8,794

$4.49 COP 14.3K

43.65%

Chicken Fillets (1kg)

$4.14 ₦5,642

$5.79 COP 18.5K

-28.50%

Beef Round Steak (1kg)

$5.53 ₦7,542

$8.97 COP 28.6K

-38.35%

Apples (1kg)

$3.43 ₦4,677

$2.32 COP 7,405

47.84%

Banana (1kg)

$2.10 ₦2,858

$1.06 COP 3,397

98.11%

Oranges (1kg)

$1.95 ₦2,655

$1.52 COP 4,838

28.29%

Tomato (1kg)

$1.64 ₦2,230

$1.36 COP 4,327

20.59%

Potato (1kg)

$1.47 ₦2,001

$1.13 COP 3,599

30.09%

Onion (1kg)

$1.81 ₦2,472

$1.17 COP 3,738

54.70%

Lettuce (1 head)

$1.91 ₦2,603

$0.90 COP 2,876

112.22%

Water (1.5 liter bottle)

$0.35 ₦483

$0.90 COP 2,861

-61.11%

Cigarettes 20 Pack (Marlboro, Camel)

$1.30 ₦1,772

$2.23 COP 7,128

-41.70%

Wine (Bottle)

$2.21 ₦3,016

$12.12 COP 38.7K

-81.77%

Local Beer (0.5 liter bottle)

$0.65 ₦880

$1.19 COP 3,793

-45.38%

Imported Beer (0.33 liter bottle)

$0.95 ₦1,299

$2.48 COP 7,920

-61.69%

One-way Ticket (Public Transport)

$0.27 ₦369

$0.85 COP 2,723

-68.24%

Public Transport Monthly Pass (Regular Price)

$41.62 COP 132.8K

Taxi Start (Normal Tariff)

$1.24 ₦1,689

$1.42 COP 4,518

-12.68%

Taxi (Normal Tariff) (1km)

$2.15 ₦2,926

$1.95 COP 6,223

10.26%

Taxi 1hour Waiting (Normal Tariff)

$4.72 ₦6,440

$7.89 COP 25.2K

-40.18%

Gasoline (1 liter)

$0.48 ₦652

$0.99 COP 3,160

-51.52%

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

$20.2K ₦27.5M

$17.6K COP 56.2M

14.55%

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

$20.3K ₦27.7M

$26.8K COP 85.5M

-24.25%

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

$21.21 ₦28.9K

$83.0 COP 264.9K

-74.45%

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

$9.96 ₦13.6K

$9.70 COP 30.9K

2.68%

Internet (50+ Mbps, Unlimited Data)

$17.04 ₦23.2K

$23.52 COP 75.0K

-27.55%

Gym Membership (Monthly)

$25.26 COP 80.6K

Tennis Court (1 Hour on Weekend)

$19.10 COP 60.9K

Cinema Ticket

$6.16 ₦8,399

$3.95 COP 12.6K

55.95%

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

$66.0 ₦89.9K

$316 COP 1.0M

-79.12%

International Primary School, 1 Child (Yearly)

$2,287 ₦3.1M

$5,975 COP 19.1M

-61.71%

Jeans (Levis 501 Or Similar)

$19.37 ₦26.4K

$60.0 COP 191.4K

-67.72%

Summer Dress (H&M, Zara, etc)

$24.61 ₦33.5K

$31.82 COP 101.5K

-22.66%

Sport Shoes (Adidas, Nike)

$63.8 ₦86.9K

$102 COP 324.4K

-37.29%

Men's Leather Business Shoes

$56.5 ₦77.0K

$107 COP 342.8K

-47.45%

1-bedroom Apartment, City Center (Monthly)

$402 ₦547.3K

$475 COP 1.5M

-15.45%

1-bedroom Apartment, Outside City Center (Monthly)

$268 ₦364.7K

$374 COP 1.2M

-28.46%

3-bedroom Apartment, City Center (Monthly)

$664 ₦904.9K

$849 COP 2.7M

-21.82%

3-bedroom Apartment, Outside City Center (Monthly)

$525 ₦716.1K

$719 COP 2.3M

-26.98%

Buy Apartment in City Center (m2)

$3,265 COP 10.4M

Buy Apartment Outside City Center (m2)

$1,441 COP 4.6M

Average Monthly Net Salary (After Tax)

$37.16 ₦50.7K

$624 COP 2.0M

-94.05%

20-Year Fixed Mortgage Interest Rate (Annual %)

16.33

13.43

21.59%

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

Last update for Akure: July 28, 2026

Last update for Medellin: July 27, 2026

Cost Breakdown

A central one-bedroom costs $402 in Akure versus $475 in Medellin. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 1580% higher in Medellin, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $17.00 in Akure versus $33.00 in Medellin. Monthly groceries follow the same trend: $179 vs $193 – making Akure the more affordable choice for daily food spending.

City Median Internet Speeds Comparison (Updated April 2026)

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

Digital Nomad Cost of Living Index

Akure vs Medellin: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $647 in Akure, $1,003 in Medellin – roughly 55% apart. Medellin costs more across the board, with Clothing & Footwear showing the biggest gap.

For a comfortable life, plan on about $970 per month in Akure and $1,504 in Medellin. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Akure, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $17.00 in Akure and $33.00 in Medellin. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 8% more in Medellin, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $2,000 monthly budget goes further in Akure, where all-in costs run around $647, than in Medellin at $1,003. In Akure it covers expenses comfortably, while in Medellin it requires careful planning or may not stretch far enough.

It depends on your priorities. Medellin has an edge in some lifestyle areas, with costs from $647 in Akure to $1,003 in Medellin. Climate, culture, job market, and personal taste all factor in.

If budget matters most, go with Akure. If higher salaries, better infrastructure, or specific career opportunities are the priority, Medellin makes more sense. Both are solid long-term options with distinct trade-offs.