Cost of Living Comparison Between Anchorage, AK and Medellin Cost of Living Comparison Between Anchorage, AK and Medellin

Monthly Cost of Living

Monthly costs for one person with rent: $2,846 in Anchorage, AK versus $1,031 in Medellin.

Estimated couple costs with rent: $4,292 in Anchorage, AK versus $1,599 in Medellin.

Monthly costs for a family of three with rent: $5,737 in Anchorage, AK versus $2,167 in Medellin.

Living in Anchorage, AK is roughly 176% more expensive than in Medellin, driven mainly by Eating Out.

The two cities straddle the global median: Anchorage, AK is 113% above, Medellin is 23% below.

Meal at Budget Restaurant

$25.46 $25.46

$6.16 COP 20.0K

313.31%

Three-Course Dinner for Two, Mid-Range

$99.9 $99.9

$32.60 COP 106.0K

206.44%

Fast Food Meal (McDonalds, etc)

$13.21 $13.21

$7.34 COP 23.9K

79.97%

Cappuccino

$5.43 $5.43

$1.72 COP 5,592

215.70%

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

$2.60 $2.60

$1.05 COP 3,416

147.62%

Water (0.33 liter bottle)

$2.72 $2.72

$0.77 COP 2,511

253.25%

Local Beer (0.5 liter draught)

$8.14 $8.14

$1.69 COP 5,480

381.66%

Imported Beer (0.33 liter bottle)

$7.64 $7.64

$3.17 COP 10.3K

141.01%

Milk (1 liter)

$1.08 $1.08

$1.05 COP 3,418

2.86%

White Bread (500g)

$4.01 $4.01

$1.30 COP 4,230

208.46%

Rice (white) (1kg)

$4.34 $4.34

$1.40 COP 4,538

210.00%

Eggs

$3.31 $3.31

$2.16 COP 7,037

53.24%

Local Cheese (1kg)

$12.17 $12.17

$4.39 COP 14.3K

177.22%

Chicken Fillets (1kg)

$12.77 $12.77

$5.88 COP 19.1K

117.18%

Beef Round Steak (1kg)

$20.95 $20.95

$8.64 COP 28.1K

142.48%

Apples (1kg)

$7.80 $7.80

$2.28 COP 7,415

242.11%

Banana (1kg)

$1.93 $1.93

$1.11 COP 3,599

73.87%

Oranges (1kg)

$6.39 $6.39

$1.53 COP 4,976

317.65%

Tomato (1kg)

$7.03 $7.03

$1.35 COP 4,405

420.74%

Potato (1kg)

$2.40 $2.40

$1.13 COP 3,669

112.39%

Onion (1kg)

$2.81 $2.81

$1.13 COP 3,687

148.67%

Lettuce (1 head)

$2.68 $2.68

$0.85 COP 2,749

215.29%

Water (1.5 liter bottle)

$2.29 $2.29

$0.91 COP 2,971

151.65%

Cigarettes 20 Pack (Marlboro, Camel)

$11.53 $11.53

$2.34 COP 7,619

392.74%

Wine (Bottle)

$16.87 $16.87

$12.37 COP 40.2K

36.38%

Local Beer (0.5 liter bottle)

$1.70 $1.70

$1.20 COP 3,904

41.67%

Imported Beer (0.33 liter bottle)

$3.96 $3.96

$2.49 COP 8,094

59.04%

One-way Ticket (Public Transport)

$1.99 $1.99

$0.84 COP 2,724

136.90%

Public Transport Monthly Pass (Regular Price)

$58.8 $58.8

$40.57 COP 131.9K

44.96%

Taxi Start (Normal Tariff)

$2.67 $2.67

$1.42 COP 4,617

88.03%

Taxi (Normal Tariff) (1km)

$1.74 $1.74

$1.92 COP 6,227

-9.37%

Taxi 1hour Waiting (Normal Tariff)

$37.29 $37.29

$7.66 COP 24.9K

386.81%

Gasoline (1 liter)

$1.01 $1.01

$0.99 COP 3,219

2.02%

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

$33.1K $33.1K

$18.0K COP 58.6M

83.37%

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

$25.8K $25.8K

$26.6K COP 86.6M

-3.11%

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

$286 $286

$80.8 COP 262.7K

254.47%

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

$53.0 $53.0

$9.95 COP 32.3K

432.36%

Internet (50+ Mbps, Unlimited Data)

$130 $130

$24.18 COP 78.6K

439.66%

Gym Membership (Monthly)

$81.0 $81.0

$25.08 COP 81.5K

222.93%

Tennis Court (1 Hour on Weekend)

$40.57 $40.57

$19.15 COP 62.3K

111.85%

Cinema Ticket

$13.63 $13.63

$3.98 COP 13.0K

242.46%

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

$955 $955

$305 COP 992.2K

212.96%

International Primary School, 1 Child (Yearly)

$10.2K $10.2K

$6,059 COP 19.7M

68.01%

Jeans (Levis 501 Or Similar)

$48.55 $48.55

$58.1 COP 189.0K

-16.48%

Summer Dress (H&M, Zara, etc)

$45.14 $45.14

$32.20 COP 104.7K

40.19%

Sport Shoes (Adidas, Nike)

$102 $102

$101 COP 327.5K

1.50%

Men's Leather Business Shoes

$120 $120

$108 COP 350.3K

11.23%

1-bedroom Apartment, City Center (Monthly)

$1,489 $1,489

$477 COP 1.5M

212.51%

1-bedroom Apartment, Outside City Center (Monthly)

$1,205 $1,205

$376 COP 1.2M

220.30%

3-bedroom Apartment, City Center (Monthly)

$2,478 $2,478

$845 COP 2.7M

193.41%

3-bedroom Apartment, Outside City Center (Monthly)

$2,237 $2,237

$730 COP 2.4M

206.24%

Buy Apartment in City Center (m2)

$4,078 $4,078

$3,215 COP 10.5M

26.81%

Buy Apartment Outside City Center (m2)

$2,831 $2,831

$1,372 COP 4.5M

106.31%

Average Monthly Net Salary (After Tax)

$4,722 $4,722

$617 COP 2.0M

665.49%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.46

13.43

-51.90%

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

Last update for Anchorage, AK: July 12, 2026

Last update for Medellin: July 12, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,489 in Anchorage, AK and $477 in Medellin. Housing cost is often the main lever when comparing two cities.

Anchorage, AK pays 665% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $100 in Anchorage, AK vs $33.00 in Medellin for a mid-range dinner for two. Groceries echo the gap at $457 vs $193 per month, with Medellin cheaper across the board.

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

Anchorage, AK vs Medellin: Cost of Living - Frequently Asked Questions

Medellin wins on cost – living expenses run 176% lower than in Anchorage, AK. Housing and daily spending are where you'll feel the difference most, making Medellin the obvious pick if budget is a priority.

Average pay runs 665% higher in Anchorage, AK, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $1,489 in Anchorage, AK versus $477 in Medellin. Housing is usually the single largest factor when comparing overall living costs between the two.

Dining out is cheaper in Medellin – a meal for two runs $33.00 versus $100 in Anchorage, AK. If you eat out regularly, this makes a real dent in your monthly spending.

All in, you'll spend $2,846 per month in Anchorage, AK versus $1,031 in Medellin – a 176% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,031 in Medellin versus $2,846 in Anchorage, AK, a $1,500 budget is realistic in Medellin but tight or insufficient in Anchorage, AK. The gap between the two cities makes Medellin the clear choice for anyone on this budget.

Both work as nomad bases, but Medellin delivers better value – similar infrastructure at $1,031 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Medellin hard to pass up.

Expats usually find Medellin gentler on the wallet – expenses run 176% less than in Anchorage, AK. Beyond cost, consider language, visa policies, and how big the international community is in each city.