Cost of Living Comparison Between Medellin and Akranes Cost of Living Comparison Between Medellin and Akranes

🙂 Solo nomad: Medellin is 66.2% cheaper than Akranes without rent, and 70.5% cheaper with rent.

🙂 Family of 3: Medellin is 69.7% cheaper than Akranes without rent, and 72.6% cheaper with rent.

Meal at Budget Restaurant

$6.03 COP 22.8K

$27.06 ISK 3,386

-77.72%

Three-Course Dinner for Two, Mid-Range

$33.17 COP 125.6K

$144 ISK 18.0K

-77.00%

Fast Food Meal (McDonalds, etc)

$7.29 COP 27.6K

$22.09 ISK 2,764

-67.00%

Cappuccino

$1.63 COP 6,170

$5.98 ISK 748

-72.74%

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

$1.05 COP 3,971

$3.12 ISK 390

-66.35%

Water (0.33 liter bottle)

$0.77 COP 2,916

$2.43 ISK 304

-68.31%

Local Beer (0.5 liter draught)

$1.73 COP 6,550

$10.49 ISK 1,313

-83.51%

Imported Beer (0.33 liter bottle)

$3.18 COP 12.0K

$7.95 ISK 995

-60.00%

Milk (1 liter)

$1.07 COP 4,040

$1.95 ISK 244

-45.13%

White Bread (500g)

$1.31 COP 4,965

$2.00 ISK 250

-34.50%

Rice (white) (1kg)

$1.38 COP 5,227

$3.56 ISK 445

-61.24%

Eggs

$2.25 COP 8,509

$5.90 ISK 739

-61.86%

Local Cheese (1kg)

$4.48 COP 17.0K

$18.35 ISK 2,297

-75.59%

Chicken Fillets (1kg)

$5.74 COP 21.7K

$24.33 ISK 3,045

-76.41%

Beef Round Steak (1kg)

$8.86 COP 33.6K

$41.63 ISK 5,210

-78.72%

Apples (1kg)

$2.24 COP 8,490

$3.22 ISK 403

-30.43%

Banana (1kg)

$1.06 COP 4,012

$2.43 ISK 305

-56.38%

Oranges (1kg)

$1.51 COP 5,732

$2.96 ISK 370

-48.99%

Tomato (1kg)

$1.36 COP 5,151

$4.85 ISK 607

-71.96%

Potato (1kg)

$1.12 COP 4,244

$3.52 ISK 440

-68.18%

Onion (1kg)

$1.17 COP 4,427

$2.33 ISK 291

-49.79%

Lettuce (1 head)

$0.90 COP 3,416

$3.06 ISK 383

-70.59%

Water (1.5 liter bottle)

$0.84 COP 3,169

$1.95 ISK 244

-56.92%

Cigarettes 20 Pack (Marlboro, Camel)

$2.26 COP 8,553

$13.41 ISK 1,678

-83.15%

Wine (Bottle)

$9.97 COP 37.8K

$23.60 ISK 2,954

-57.75%

Local Beer (0.5 liter bottle)

$1.18 COP 4,479

$2.84 ISK 355

-58.45%

Imported Beer (0.33 liter bottle)

$2.39 COP 9,048

$2.04 ISK 256

17.16%

One-way Ticket (Public Transport)

$0.86 COP 3,253

$3.51 ISK 440

-75.50%

Public Transport Monthly Pass (Regular Price)

$41.45 COP 156.9K

$72.0 ISK 9,015

-42.46%

Taxi Start (Normal Tariff)

$1.47 COP 5,555

$6.50 ISK 813

-77.38%

Taxi (Normal Tariff) (1km)

$1.95 COP 7,367

$1.04 ISK 130

87.50%

Taxi 1hour Waiting (Normal Tariff)

$7.76 COP 29.4K

$86.8 ISK 10.9K

-91.05%

Gasoline (1 liter)

$0.97 COP 3,663

$2.55 ISK 319

-61.96%

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

$17.9K COP 68.0M

$46.9K ISK 5.9M

-61.71%

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

$26.7K COP 101.2M

$52.4K ISK 6.6M

-49.05%

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

$81.1 COP 307.1K

$89.3 ISK 11.2K

-9.17%

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

$9.40 COP 35.6K

$27.35 ISK 3,422

-65.63%

Internet (50+ Mbps, Unlimited Data)

$23.61 COP 89.4K

$85.2 ISK 10.7K

-72.30%

Gym Membership (Monthly)

$25.55 COP 96.7K

Tennis Court (1 Hour on Weekend)

$19.29 COP 73.0K

Cinema Ticket

$4.10 COP 15.5K

$17.78 ISK 2,225

-76.94%

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

$306 COP 1.2M

$321 ISK 40.1K

-4.51%

International Primary School, 1 Child (Yearly)

$5,899 COP 22.3M

$29.6K ISK 3.7M

-80.08%

Jeans (Levis 501 Or Similar)

$59.8 COP 226.5K

$141 ISK 17.7K

-57.62%

Summer Dress (H&M, Zara, etc)

$31.96 COP 121.0K

$61.2 ISK 7,652

-47.74%

Sport Shoes (Adidas, Nike)

$103 COP 388.8K

$180 ISK 22.5K

-42.83%

Men's Leather Business Shoes

$108 COP 408.4K

$267 ISK 33.5K

-59.65%

1-bedroom Apartment, City Center (Monthly)

$483 COP 1.8M

$3,016 ISK 377.5K

-83.98%

1-bedroom Apartment, Outside City Center (Monthly)

$377 COP 1.4M

$1,896 ISK 237.2K

-80.09%

3-bedroom Apartment, City Center (Monthly)

$822 COP 3.1M

$4,768 ISK 596.6K

-82.77%

3-bedroom Apartment, Outside City Center (Monthly)

$721 COP 2.7M

$3,568 ISK 446.5K

-79.80%

Buy Apartment in City Center (m2)

$2,784 COP 10.5M

Buy Apartment Outside City Center (m2)

$1,320 COP 5.0M

Average Monthly Net Salary (After Tax)

$538 COP 2.0M

$5,728 ISK 716.8K

-90.61%

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

9.63

39.46%

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

Last update for Medellin: March 3, 2026

Last update for Akranes: March 1, 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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