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

😐 Solo nomad: Akureyri is 69.7% more expensive than Medellin without rent, and 192% more expensive with rent.

😐 Family of 3: Akureyri is 78.6% more expensive than Medellin without rent, and 120.8% more expensive with rent.

Meal at Budget Restaurant

$24.27 ISK 2,962

$6.14 COP 22.1K

295.28%

Three-Course Dinner for Two, Mid-Range

$130 ISK 15.9K

$33.05 COP 119.0K

293.65%

Fast Food Meal (McDonalds, etc)

$21.94 ISK 2,678

$7.32 COP 26.4K

199.73%

Cappuccino

$5.01 ISK 611

$1.66 COP 5,971

201.81%

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

$3.39 ISK 414

$1.10 COP 3,977

208.18%

Water (0.33 liter bottle)

$3.06 ISK 373

$0.78 COP 2,815

292.31%

Local Beer (0.5 liter draught)

$10.80 ISK 1,318

$1.71 COP 6,172

531.58%

Imported Beer (0.33 liter bottle)

$9.44 ISK 1,152

$3.17 COP 11.4K

197.79%

Milk (1 liter)

$2.75 ISK 336

$1.11 COP 4,002

147.75%

White Bread (500g)

$2.35 ISK 287

$1.31 COP 4,707

79.39%

Rice (white) (1kg)

$3.14 ISK 383

$1.38 COP 4,967

127.54%

Eggs

$8.00 ISK 977

$2.22 COP 7,989

260.36%

Local Cheese (1kg)

$4.34 COP 15.6K

Chicken Fillets (1kg)

$23.91 ISK 2,919

$5.80 COP 20.9K

312.24%

Beef Round Steak (1kg)

$8.98 COP 32.3K

Apples (1kg)

$2.26 COP 8,143

Banana (1kg)

$1.11 COP 4,013

Oranges (1kg)

$1.46 COP 5,271

Tomato (1kg)

$1.37 COP 4,916

Potato (1kg)

$1.11 COP 3,999

Onion (1kg)

$1.16 COP 4,188

Lettuce (1 head)

$0.89 COP 3,202

Water (1.5 liter bottle)

$0.87 COP 3,116

Cigarettes 20 Pack (Marlboro, Camel)

$13.27 ISK 1,619

$2.35 COP 8,473

464.68%

Wine (Bottle)

$10.86 COP 39.1K

Local Beer (0.5 liter bottle)

$1.20 COP 4,319

Imported Beer (0.33 liter bottle)

$2.48 COP 8,923

One-way Ticket (Public Transport)

$0.79 COP 2,835

Public Transport Monthly Pass (Regular Price)

$40.77 COP 146.8K

Taxi Start (Normal Tariff)

$1.42 COP 5,124

Taxi (Normal Tariff) (1km)

$1.91 COP 6,882

Taxi 1hour Waiting (Normal Tariff)

$7.65 COP 27.5K

Gasoline (1 liter)

$2.45 ISK 299

$0.97 COP 3,481

152.58%

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

$39.7K ISK 4.8M

$18.1K COP 65.2M

119.52%

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

$64.6K ISK 7.9M

$26.3K COP 94.7M

145.72%

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

$122 ISK 14.9K

$81.3 COP 292.8K

50.62%

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

$25.27 ISK 3,084

$9.63 COP 34.7K

162.41%

Internet (50+ Mbps, Unlimited Data)

$163 ISK 19.9K

$24.36 COP 87.7K

569.58%

Gym Membership (Monthly)

$85.0 ISK 10.4K

$26.02 COP 93.7K

226.79%

Tennis Court (1 Hour on Weekend)

$18.92 COP 68.1K

Cinema Ticket

$14.79 ISK 1,805

$3.89 COP 14.0K

280.21%

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

$356 ISK 43.5K

$304 COP 1.1M

17.18%

International Primary School, 1 Child (Yearly)

$5,902 COP 21.3M

Jeans (Levis 501 Or Similar)

$80.3 ISK 9,805

$58.7 COP 211.3K

36.88%

Summer Dress (H&M, Zara, etc)

$32.48 COP 116.9K

Sport Shoes (Adidas, Nike)

$120 ISK 14.7K

$102 COP 366.3K

17.99%

Men's Leather Business Shoes

$108 COP 389.4K

1-bedroom Apartment, City Center (Monthly)

$1,791 ISK 218.6K

$474 COP 1.7M

277.59%

1-bedroom Apartment, Outside City Center (Monthly)

$1,736 ISK 211.9K

$371 COP 1.3M

368.11%

3-bedroom Apartment, City Center (Monthly)

$848 COP 3.1M

3-bedroom Apartment, Outside City Center (Monthly)

$2,086 ISK 254.7K

$716 COP 2.6M

191.22%

Buy Apartment in City Center (m2)

$6,638 ISK 810.4K

$2,871 COP 10.3M

131.19%

Buy Apartment Outside City Center (m2)

$6,635 ISK 809.9K

$1,375 COP 5.0M

382.36%

Average Monthly Net Salary (After Tax)

$542 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: April 13, 2026

Last update for Medellin: April 13, 2026

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

Akureyri vs other spots: cost of living compared

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