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

🙂 Solo nomad: Medellin is 59.5% cheaper than Akranes without rent, and 71.9% cheaper with rent.

🙂 Family of 3: Medellin is 66.7% cheaper than Akranes without rent, and 72.7% cheaper with rent.

Meal at Budget Restaurant

$6.23 COP 26K

$26.45 ISK 3,299

-76.45%

Three-Course Dinner for Two, Mid-Range

$32.34 COP 134.8K

$145 ISK 18.1K

-77.75%

Fast Food Meal (McDonalds, etc)

$7.39 COP 30.8K

$22.1 ISK 2,757

-66.56%

Cappuccino

$1.72 COP 7,155

$6.13 ISK 765

-71.94%

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

$1.1 COP 4,575

$3.13 ISK 391

-64.86%

Water (0.33 liter bottle)

$0.73 COP 3,060

$2.44 ISK 304

-70.08%

Local Beer (0.5 liter draught)

$1.66 COP 6,916

$10.64 ISK 1,327

-84.40%

Imported Beer (0.33 liter bottle)

$3.2 COP 13.3K

$8.11 ISK 1,011

-60.54%

Milk (1 liter)

$1.09 COP 4,552

$1.96 ISK 245

-44.39%

White Bread (500g)

$1.24 COP 5,188

$2.06 ISK 258

-39.81%

Rice (white) (1kg)

$1.33 COP 5,544

$3.57 ISK 446

-62.75%

Eggs

$2.22 COP 9,252

$5.88 ISK 734

-62.24%

Local Cheese (1kg)

$4.55 COP 19K

$18.07 ISK 2,254

-74.82%

Chicken Fillets (1kg)

$5.71 COP 23.8K

$24.01 ISK 2,995

-76.22%

Beef Round Steak (1kg)

$8.59 COP 35.8K

$41.8 ISK 5,214

-79.45%

Apples (1kg)

$2.26 COP 9,410

$3.35 ISK 418

-32.54%

Banana (1kg)

$1.07 COP 4,461

$2.4 ISK 299

-55.42%

Oranges (1kg)

$1.51 COP 6,293

$2.98 ISK 372

-49.33%

Tomato (1kg)

$1.42 COP 5,911

$4.74 ISK 591

-70.04%

Potato (1kg)

$1.11 COP 4,619

$3.64 ISK 455

-69.51%

Onion (1kg)

$1.18 COP 4,932

$2.44 ISK 304

-51.64%

Lettuce (1 head)

$0.89 COP 3,718

$3.18 ISK 397

-72.01%

Water (1.5 liter bottle)

$0.84 COP 3,507

$1.99 ISK 248

-57.79%

Cigarettes 20 Pack (Marlboro, Camel)

$2.35 COP 9,809

$13.65 ISK 1,702

-82.78%

Wine (Bottle)

$9.34 COP 38.9K

$24.29 ISK 3,030

-61.55%

Local Beer (0.5 liter bottle)

$1.18 COP 4,927

$2.79 ISK 348

-57.71%

Imported Beer (0.33 liter bottle)

$2.49 COP 10.4K

$1.96 ISK 245

27.04%

One-way Ticket (Public Transport)

$0.83 COP 3,464

$3.65 ISK 455

-77.26%

Public Transport Monthly Pass (Regular Price)

$41.9 COP 174.7K

$72.4 ISK 9,029

-42.11%

Taxi Start (Normal Tariff)

$1.41 COP 5,899

$6.2 ISK 773

-77.26%

Taxi (Normal Tariff) (1km)

$1.96 COP 8,164

$1.04 ISK 130

88.46%

Taxi 1hour Waiting (Normal Tariff)

$7.85 COP 32.7K

$87.1 ISK 10.9K

-90.99%

Gasoline (1 liter)

$1.02 COP 4,265

$2.51 ISK 314

-59.36%

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

$17.6K COP 73.4M

$46.9K ISK 5.8M

-62.45%

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

$26.2K COP 109.2M

$53K ISK 6.6M

-50.58%

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

$82.5 COP 344.1K

$88.8 ISK 11.1K

-7.06%

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

$9.44 COP 39.4K

$27.52 ISK 3,433

-65.70%

Internet (50+ Mbps, Unlimited Data)

$23.51 COP 98K

$86.4 ISK 10.8K

-72.79%

Gym Membership (Monthly)

$25.68 COP 107.1K

Tennis Court (1 Hour on Weekend)

$19.14 COP 79.8K

Cinema Ticket

$3.96 COP 16.5K

$17.51 ISK 2,184

-77.38%

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

$305 COP 1.3M

$321 ISK 40.1K

-5.12%

International Primary School, 1 Child (Yearly)

$5,925 COP 24.7M

$30.5K ISK 3.8M

-80.60%

Jeans (Levis 501 Or Similar)

$57.9 COP 241.4K

$138 ISK 17.2K

-57.92%

Summer Dress (H&M, Zara, etc)

$31.59 COP 131.7K

$62.6 ISK 7,805

-49.50%

Sport Shoes (Adidas, Nike)

$103 COP 430.1K

$184 ISK 23K

-43.97%

Men's Leather Business Shoes

$106 COP 440.5K

$264 ISK 32.9K

-59.93%

1-bedroom Apartment, City Center (Monthly)

$489 COP 2M

$2,925 ISK 364.9K

-83.27%

1-bedroom Apartment, Outside City Center (Monthly)

$379 COP 1.6M

$1,877 ISK 234.1K

-79.80%

3-bedroom Apartment, City Center (Monthly)

$827 COP 3.4M

$4,785 ISK 597K

-82.72%

3-bedroom Apartment, Outside City Center (Monthly)

$729 COP 3M

$3,552 ISK 443.2K

-79.48%

Buy Apartment in City Center (m2)

$2,190 COP 9.1M

Buy Apartment Outside City Center (m2)

$1,532 COP 6.4M

Average Monthly Net Salary (After Tax)

$550 COP 2.3M

$5,630 ISK 702.4K

-90.23%

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: October 28, 2025

Last update for Akranes: October 29, 2025

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