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: $2,826 in Anchorage, AK versus $1,013 in Medellin.

Estimated couple costs with rent: $4,331 in Anchorage, AK versus $1,602 in Medellin.

Monthly costs for a family of three with rent: $5,836 in Anchorage, AK versus $2,192 in Medellin.

Living in Anchorage, AK is roughly 179% more expensive than Medellin, driven mainly by Groceries & Markets.

The two cities straddle the global median: Anchorage, AK is 111% above, Medellin is 24% below.

Meal at Budget Restaurant

$25.43 $25.43

$5.99 COP 21.4K

324.54%

Three-Course Dinner for Two, Mid-Range

$99.4 $99.4

$32.86 COP 117.4K

202.59%

Fast Food Meal (McDonalds, etc)

$12.86 $12.86

$7.09 COP 25.3K

81.38%

Cappuccino

$5.28 $5.28

$1.71 COP 6,115

208.77%

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

$2.68 $2.68

$1.10 COP 3,924

143.64%

Water (0.33 liter bottle)

$2.67 $2.67

$0.78 COP 2,781

242.31%

Local Beer (0.5 liter draught)

$7.85 $7.85

$1.68 COP 5,997

367.26%

Imported Beer (0.33 liter bottle)

$7.35 $7.35

$3.07 COP 11.0K

139.41%

Milk (1 liter)

$1.07 $1.07

$1.09 COP 3,906

-1.83%

White Bread (500g)

$4.14 $4.14

$1.26 COP 4,508

228.57%

Rice (white) (1kg)

$4.53 $4.53

$1.38 COP 4,922

228.26%

Eggs

$3.48 $3.48

$2.19 COP 7,827

58.90%

Local Cheese (1kg)

$12.42 $12.42

$4.40 COP 15.7K

182.27%

Chicken Fillets (1kg)

$12.51 $12.51

$5.63 COP 20.1K

122.20%

Beef Round Steak (1kg)

$20.54 $20.54

$8.89 COP 31.8K

131.05%

Apples (1kg)

$7.75 $7.75

$2.34 COP 8,349

231.20%

Banana (1kg)

$1.93 $1.93

$1.06 COP 3,777

82.08%

Oranges (1kg)

$6.47 $6.47

$1.50 COP 5,374

331.33%

Tomato (1kg)

$7.31 $7.31

$1.38 COP 4,924

429.71%

Potato (1kg)

$2.44 $2.44

$1.15 COP 4,111

112.17%

Onion (1kg)

$2.97 $2.97

$1.16 COP 4,155

156.03%

Lettuce (1 head)

$2.83 $2.83

$0.89 COP 3,182

217.98%

Water (1.5 liter bottle)

$2.18 $2.18

$0.84 COP 2,997

159.52%

Cigarettes 20 Pack (Marlboro, Camel)

$11.28 $11.28

$2.28 COP 8,145

394.74%

Wine (Bottle)

$16.68 $16.68

$10.64 COP 38.0K

56.77%

Local Beer (0.5 liter bottle)

$1.72 $1.72

$1.20 COP 4,284

43.33%

Imported Beer (0.33 liter bottle)

$3.76 $3.76

$2.47 COP 8,824

52.23%

One-way Ticket (Public Transport)

$2.02 $2.02

$0.86 COP 3,056

134.88%

Public Transport Monthly Pass (Regular Price)

$60.6 $60.6

$41.40 COP 147.9K

46.40%

Taxi Start (Normal Tariff)

$2.78 $2.78

$1.47 COP 5,264

89.12%

Taxi (Normal Tariff) (1km)

$1.67 $1.67

$1.96 COP 7,009

-14.80%

Taxi 1hour Waiting (Normal Tariff)

$37.86 $37.86

$7.74 COP 27.6K

389.15%

Gasoline (1 liter)

$1.01 $1.01

$0.95 COP 3,409

6.32%

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

$33.1K $33.1K

$18.1K COP 64.7M

82.53%

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

$26.1K $26.1K

$26.5K COP 94.6M

-1.31%

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

$288 $288

$82.3 COP 293.7K

250.29%

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

$53.5 $53.5

$9.50 COP 33.9K

462.95%

Internet (50+ Mbps, Unlimited Data)

$129 $129

$24.23 COP 86.5K

430.42%

Gym Membership (Monthly)

$82.5 $82.5

$25.89 COP 92.4K

218.54%

Tennis Court (1 Hour on Weekend)

$40.47 $40.47

$19.00 COP 67.9K

113.00%

Cinema Ticket

$13.44 $13.44

$3.93 COP 14.0K

241.98%

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

$953 $953

$309 COP 1.1M

208.00%

International Primary School, 1 Child (Yearly)

$10.5K $10.5K

$5,965 COP 21.3M

76.06%

Jeans (Levis 501 Or Similar)

$49.76 $49.76

$58.7 COP 209.5K

-15.17%

Summer Dress (H&M, Zara, etc)

$45.08 $45.08

$32.35 COP 115.5K

39.35%

Sport Shoes (Adidas, Nike)

$100 $100

$103 COP 366.4K

-2.10%

Men's Leather Business Shoes

$122 $122

$108 COP 387.2K

12.77%

1-bedroom Apartment, City Center (Monthly)

$1,474 $1,474

$476 COP 1.7M

209.64%

1-bedroom Apartment, Outside City Center (Monthly)

$1,225 $1,225

$379 COP 1.4M

223.51%

3-bedroom Apartment, City Center (Monthly)

$2,508 $2,508

$838 COP 3.0M

199.15%

3-bedroom Apartment, Outside City Center (Monthly)

$2,239 $2,239

$724 COP 2.6M

209.35%

Buy Apartment in City Center (m2)

$4,118 $4,118

$2,791 COP 10.0M

47.56%

Buy Apartment Outside City Center (m2)

$2,882 $2,882

$1,211 COP 4.3M

137.94%

Average Monthly Net Salary (After Tax)

$4,643 $4,643

$512 COP 1.8M

807.30%

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: June 1, 2026

Last update for Medellin: May 31, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,474 in Anchorage, AK and $476 in Medellin. Housing cost is often the main lever when comparing two cities.

Anchorage, AK pays 807% 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: $99.0 in Anchorage, AK vs $33.00 in Medellin for a mid-range dinner for two. Groceries echo the gap at $459 vs $188 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 179% 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.

Anchorage, AK pays 807% more on average, 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: $1,474 in Anchorage, AK versus $476 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 $99.0 in Anchorage, AK. If you eat out regularly, this makes a real dent in your monthly spending.

All in, you'll spend $2,826 per month in Anchorage, AK versus $1,013 in Medellin – a 179% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,013 in Medellin versus $2,826 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 $1,013 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 179% less than in Anchorage, AK. Beyond cost, consider language, visa policies, and how big the international community is in each city.