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

😐 Solo nomad: Akureyri is 96.7% more expensive than Medellin without rent, and 180.2% more expensive with rent.

😐 Family of 3: Akureyri is 76.5% more expensive than Medellin without rent, and 119.8% more expensive with rent.

Meal at Budget Restaurant

$23.74 ISK 2,990

$5.97 COP 21.9K

297.65%

Three-Course Dinner for Two, Mid-Range

$131 ISK 16.5K

$32.40 COP 119.0K

303.21%

Fast Food Meal (McDonalds, etc)

$22.36 ISK 2,816

$7.13 COP 26.2K

213.60%

Cappuccino

$4.82 ISK 607

$1.65 COP 6,043

192.12%

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

$3.44 ISK 434

$1.06 COP 3,882

224.53%

Water (0.33 liter bottle)

$3.05 ISK 385

$0.77 COP 2,839

296.10%

Local Beer (0.5 liter draught)

$11.05 ISK 1,391

$1.75 COP 6,418

531.43%

Imported Beer (0.33 liter bottle)

$9.27 ISK 1,168

$3.06 COP 11.2K

202.94%

Milk (1 liter)

$2.73 ISK 344

$1.10 COP 4,026

148.18%

White Bread (500g)

$2.23 ISK 281

$1.30 COP 4,771

71.54%

Rice (white) (1kg)

$3.06 ISK 386

$1.34 COP 4,905

128.36%

Eggs

$8.24 ISK 1,038

$2.26 COP 8,299

264.60%

Local Cheese (1kg)

$4.50 COP 16.5K

Chicken Fillets (1kg)

$24.39 ISK 3,072

$5.80 COP 21.3K

320.52%

Beef Round Steak (1kg)

$8.96 COP 32.9K

Apples (1kg)

$2.37 COP 8,691

Banana (1kg)

$1.07 COP 3,939

Oranges (1kg)

$1.48 COP 5,418

Tomato (1kg)

$1.36 COP 5,011

Potato (1kg)

$1.13 COP 4,135

Onion (1kg)

$1.13 COP 4,161

Lettuce (1 head)

$0.89 COP 3,274

Water (1.5 liter bottle)

$0.85 COP 3,114

Cigarettes 20 Pack (Marlboro, Camel)

$13.34 ISK 1,680

$2.28 COP 8,361

485.09%

Wine (Bottle)

$10.15 COP 37.3K

Local Beer (0.5 liter bottle)

$1.19 COP 4,359

Imported Beer (0.33 liter bottle)

$2.40 COP 8,828

One-way Ticket (Public Transport)

$0.84 COP 3,074

Public Transport Monthly Pass (Regular Price)

$40.85 COP 150.0K

Taxi Start (Normal Tariff)

$1.48 COP 5,417

Taxi (Normal Tariff) (1km)

$1.89 COP 6,949

Taxi 1hour Waiting (Normal Tariff)

$8.05 COP 29.5K

Gasoline (1 liter)

$2.45 ISK 309

$0.94 COP 3,455

160.64%

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

$39.6K ISK 5.0M

$17.7K COP 65.1M

123.32%

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

$63.2K ISK 8.0M

$26.4K COP 96.8M

139.85%

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

$120 ISK 15.1K

$81.9 COP 300.7K

46.56%

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

$25.23 ISK 3,178

$9.54 COP 35.0K

164.47%

Internet (50+ Mbps, Unlimited Data)

$162 ISK 20.3K

$23.68 COP 87.0K

582.18%

Gym Membership (Monthly)

$82.8 ISK 10.4K

$25.85 COP 94.9K

220.15%

Tennis Court (1 Hour on Weekend)

$18.72 COP 68.7K

Cinema Ticket

$15.34 ISK 1,932

$4.05 COP 14.9K

278.77%

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

$355 ISK 44.7K

$316 COP 1.2M

12.30%

International Primary School, 1 Child (Yearly)

$5,971 COP 21.9M

Jeans (Levis 501 Or Similar)

$81.7 ISK 10.3K

$59.0 COP 216.4K

38.64%

Summer Dress (H&M, Zara, etc)

$32.49 COP 119.3K

Sport Shoes (Adidas, Nike)

$122 ISK 15.4K

$99.9 COP 366.7K

22.46%

Men's Leather Business Shoes

$108 COP 394.9K

1-bedroom Apartment, City Center (Monthly)

$1,740 ISK 219.1K

$491 COP 1.8M

253.96%

1-bedroom Apartment, Outside City Center (Monthly)

$1,753 ISK 220.8K

$371 COP 1.4M

372.27%

3-bedroom Apartment, City Center (Monthly)

$821 COP 3.0M

3-bedroom Apartment, Outside City Center (Monthly)

$2,121 ISK 267.1K

$731 COP 2.7M

190.03%

Buy Apartment in City Center (m2)

$6,473 ISK 815.3K

$3,019 COP 11.1M

114.37%

Buy Apartment Outside City Center (m2)

$6,305 ISK 794.3K

$1,332 COP 4.9M

373.32%

Average Monthly Net Salary (After Tax)

$517 COP 1.9M

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: January 12, 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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