Cost of Living Comparison Between Akureyri and Medellin Cost of Living Comparison Between Akureyri and Medellin

😐 Solo nomad: Akureyri is 62.4% more expensive than Medellin without rent, and 190.5% more expensive with rent.

😐 Family of 3: Akureyri is 74% more expensive than Medellin without rent, and 127.8% more expensive with rent.

Meal at Budget Restaurant

$24.23 ISK 3,023

$6.23 COP 26K

288.92%

Three-Course Dinner for Two, Mid-Range

$126 ISK 15.8K

$32.34 COP 134.8K

291.09%

Fast Food Meal (McDonalds, etc)

$22 ISK 2,744

$7.39 COP 30.8K

197.70%

Cappuccino

$4.73 ISK 591

$1.72 COP 7,155

175.00%

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

$3.43 ISK 428

$1.1 COP 4,575

211.82%

Water (0.33 liter bottle)

$3.04 ISK 380

$0.73 COP 3,060

316.44%

Local Beer (0.5 liter draught)

$10.74 ISK 1,339

$1.66 COP 6,916

546.99%

Imported Beer (0.33 liter bottle)

$9.04 ISK 1,127

$3.2 COP 13.3K

182.50%

Milk (1 liter)

$2.84 ISK 354

$1.09 COP 4,552

160.55%

White Bread (500g)

$2.32 ISK 289

$1.24 COP 5,188

87.10%

Rice (white) (1kg)

$3.03 ISK 377

$1.33 COP 5,544

127.82%

Eggs

$8.18 ISK 1,021

$2.22 COP 9,252

268.47%

Local Cheese (1kg)

$4.55 COP 19K

Chicken Fillets (1kg)

$24.06 ISK 3,001

$5.71 COP 23.8K

321.37%

Beef Round Steak (1kg)

$8.59 COP 35.8K

Apples (1kg)

$2.26 COP 9,410

Banana (1kg)

$1.07 COP 4,461

Oranges (1kg)

$1.51 COP 6,293

Tomato (1kg)

$1.42 COP 5,911

Potato (1kg)

$1.11 COP 4,619

Onion (1kg)

$1.18 COP 4,932

Lettuce (1 head)

$0.89 COP 3,718

Water (1.5 liter bottle)

$0.84 COP 3,507

Cigarettes 20 Pack (Marlboro, Camel)

$13.68 ISK 1,706

$2.35 COP 9,809

482.13%

Wine (Bottle)

$9.34 COP 38.9K

Local Beer (0.5 liter bottle)

$1.18 COP 4,927

Imported Beer (0.33 liter bottle)

$2.49 COP 10.4K

One-way Ticket (Public Transport)

$0.83 COP 3,464

Public Transport Monthly Pass (Regular Price)

$41.9 COP 174.7K

Taxi Start (Normal Tariff)

$1.41 COP 5,899

Taxi (Normal Tariff) (1km)

$1.96 COP 8,164

Taxi 1hour Waiting (Normal Tariff)

$7.85 COP 32.7K

Gasoline (1 liter)

$2.51 ISK 313

$1.02 COP 4,265

146.08%

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

$40.6K ISK 5.1M

$17.6K COP 73.4M

130.55%

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

$64.7K ISK 8.1M

$26.2K COP 109.2M

147.02%

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

$123 ISK 15.3K

$82.5 COP 344.1K

48.50%

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

$24.89 ISK 3,106

$9.44 COP 39.4K

163.67%

Internet (50+ Mbps, Unlimited Data)

$162 ISK 20.2K

$23.51 COP 98K

589.03%

Gym Membership (Monthly)

$82.7 ISK 10.3K

$25.68 COP 107.1K

221.92%

Tennis Court (1 Hour on Weekend)

$19.14 COP 79.8K

Cinema Ticket

$15.29 ISK 1,907

$3.96 COP 16.5K

286.11%

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

$360 ISK 44.9K

$305 COP 1.3M

18.00%

International Primary School, 1 Child (Yearly)

$5,925 COP 24.7M

Jeans (Levis 501 Or Similar)

$80.8 ISK 10.1K

$57.9 COP 241.4K

39.57%

Summer Dress (H&M, Zara, etc)

$31.59 COP 131.7K

Sport Shoes (Adidas, Nike)

$119 ISK 14.8K

$103 COP 430.1K

15.04%

Men's Leather Business Shoes

$106 COP 440.5K

1-bedroom Apartment, City Center (Monthly)

$1,794 ISK 223.9K

$489 COP 2M

266.68%

1-bedroom Apartment, Outside City Center (Monthly)

$1,803 ISK 224.9K

$379 COP 1.6M

375.69%

3-bedroom Apartment, City Center (Monthly)

$827 COP 3.4M

3-bedroom Apartment, Outside City Center (Monthly)

$2,140 ISK 266.9K

$729 COP 3M

193.48%

Buy Apartment in City Center (m2)

$6,404 ISK 798.8K

$2,190 COP 9.1M

192.41%

Buy Apartment Outside City Center (m2)

$6,379 ISK 795.8K

$1,532 COP 6.4M

316.27%

Average Monthly Net Salary (After Tax)

$550 COP 2.3M

20-Year Fixed Mortgage Interest Rate (Annual %)

9.4

13.43

-30.01%

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

Last update for Akureyri: October 27, 2025

Last update for Medellin: October 28, 2025

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