Last update: Oct 2026

Cost of Living Comparison Between Medellin and Akure

For one person, living is cheaper in Akure: $276 a month against $1,639 in Medellin, rent and utilities included – about $16,400 less a year. Rent and utilities account for most of the difference.

79

Cost of Living Index in Medellin
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Medellin Living Index
13

Cost of Living Index in Akure
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Akure Living Index

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Medellin

🇨🇴 Colombia

$1,639

/mo nomad

Akure

🇳🇬 Nigeria

$276

/mo nomad

Monthly Cost of Living

How much you'll spend in Medellin and in Akure

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Medellin and in Akure actually costs, broken down by who's living it.

A single person spends $1,639 per month in Medellin vs $276 in Akure, rent included.

Medellin $1,639
Akure $276

A couple spends around $2,413 per month in Medellin vs $444 in Akure, rent included.

Medellin $2,413
Akure $444

A family of three spends $3,186 per month in Medellin vs $613 in Akure, rent included.

Medellin $3,186
Akure $613

Medellin costs about 495% more than Akure, and outside of rent the biggest gap is in groceries.

Medellin sits 20% above the global median, while Akure is 80% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$8.09 COP 25.4K

$1.15 ₦1,542

603.48%

Three-Course Dinner for Two, Mid-Range

$47.05 COP 148.0K

$8.68 ₦11.6K

442.05%

Fast Food Meal (McDonalds, etc)

$9.50 COP 29.9K

$7.51 ₦10.1K

26.50%

Cappuccino

$3.01 COP 9,485

$2.75 ₦3,683

9.45%

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

$1.80 COP 5,660

$0.21 ₦281

757.14%

Water (0.33 liter bottle)

$1.41 COP 4,443

$0.14 ₦191

907.14%

Local Beer (0.5 liter draught)

$3.18 COP 9,990

$1.01 ₦1,357

214.85%

Imported Beer (0.33 liter bottle)

$5.75 COP 18.1K

$2.04 ₦2,734

181.86%

Milk (1 liter)

$1.51 COP 4,751

$1.46 ₦1,962

3.42%

White Bread (500g)

$2.38 COP 7,480

$0.61 ₦821

290.16%

Rice (white) (1kg)

$1.77 COP 5,573

$1.21 ₦1,622

46.28%

Eggs

$2.89 COP 9,093

$0.74 ₦997

290.54%

Local Cheese (1kg)

$10.19 COP 32.1K

$3.56 ₦4,770

186.24%

Chicken Fillets (1kg)

$9.87 COP 31.1K

$3.77 ₦5,059

161.80%

Beef Round Steak (1kg)

$13.99 COP 44.0K

$2.33 ₦3,127

500.43%

Apples (1kg)

$3.97 COP 12.5K

$1.46 ₦1,956

171.92%

Banana (1kg)

$1.55 COP 4,883

$0.72 ₦969

115.28%

Oranges (1kg)

$2.18 COP 6,867

$0.66 ₦880

230.30%

Tomato (1kg)

$2.18 COP 6,870

$0.87 ₦1,165

150.57%

Potato (1kg)

$1.96 COP 6,174

$0.83 ₦1,116

136.14%

Onion (1kg)

$1.59 COP 5,000

$1.00 ₦1,334

59.00%

Lettuce (1 head)

$1.15 COP 3,604

$0.82 ₦1,100

40.24%

Water (1.5 liter bottle)

$1.24 COP 3,911

$0.37 ₦495

235.14%

Cigarettes 20 Pack (Marlboro, Camel)

$3.96 COP 12.5K

$0.53 ₦714

647.17%

Wine (Bottle)

$13.68 COP 43.0K

$2.21 ₦2,965

519.00%

Local Beer (0.5 liter bottle)

$1.66 COP 5,221

$0.50 ₦676

232.00%

Imported Beer (0.33 liter bottle)

$2.26 COP 7,103

$0.46 ₦623

391.30%

One-way Ticket (Public Transport)

$1.17 COP 3,674

Public Transport Monthly Pass (Regular Price)

$77.4 COP 243.4K

Taxi Start (Normal Tariff)

$1.27 COP 3,989

$0.70 ₦937

81.43%

Taxi (Normal Tariff) (1km)

$2.05 COP 6,442

$0.96 ₦1,283

113.54%

Taxi 1hour Waiting (Normal Tariff)

$8.55 COP 26.9K

$2.22 ₦2,979

285.14%

Gasoline (1 liter)

$1.35 COP 4,237

$0.17 ₦222

694.12%

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

$34.1K COP 107.2M

$11.0K ₦14.8M

209.08%

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

$34.7K COP 109.1M

$29.1K ₦39.0M

19.22%

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

$170 COP 533.7K

$11.23 ₦15.0K

1410.69%

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

$13.55 COP 42.6K

$5.12 ₦6,860

164.65%

Internet (50+ Mbps, Unlimited Data)

$28.07 COP 88.3K

$9.03 ₦12.1K

210.85%

Gym Membership (Monthly)

$43.70 COP 137.5K

Tennis Court (1 Hour on Weekend)

$17.19 COP 54.1K

Cinema Ticket

$6.91 COP 21.7K

$6.35 ₦8,511

8.82%

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

$797 COP 2.5M

$675 ₦904.1K

18.10%

International Primary School, 1 Child (Yearly)

$9,112 COP 28.7M

$20.0K ₦26.8M

-54.43%

Jeans (Levis 501 Or Similar)

$84.7 COP 266.5K

$14.78 ₦19.8K

473.21%

Summer Dress (H&M, Zara, etc)

$58.0 COP 182.3K

$18.04 ₦24.2K

221.29%

Sport Shoes (Adidas, Nike)

$135 COP 424.6K

$36.10 ₦48.4K

273.85%

Men's Leather Business Shoes

$97.9 COP 307.9K

$49.03 ₦65.7K

99.61%

1-bedroom Apartment, City Center (Monthly)

$1,208 COP 3.8M

1-bedroom Apartment, Outside City Center (Monthly)

$642 COP 2.0M

3-bedroom Apartment, City Center (Monthly)

$2,028 COP 6.4M

3-bedroom Apartment, Outside City Center (Monthly)

$1,012 COP 3.2M

Buy Apartment in City Center (m2)

$4,170 COP 13.1M

Buy Apartment Outside City Center (m2)

$1,910 COP 6.0M

Average Monthly Net Salary (After Tax)

$657 COP 2.1M

$36.71 ₦49.2K

1690.08%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

18.39

-40.51%

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

Last update for Medellin: October 25, 2026

Last update for Akure: October 26, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Medellin

$642 39.1%

Akure

- * 0% 100%

Groceries & Markets

Medellin

$297 18.1%

Akure

$104 37.7% 65% $193

Monthly Utilities & Internet

Medellin

$211 12.9%

Akure

$25 9.2% 88% $186

Eating Out

Medellin

$170 10.4%

Akure

$75 27.3% 55.6% $94

Clothing & Footwear

Medellin

$169 10.3%

Akure

$53 19.3% 68.6% $116

Getting Around

Medellin

$94 5.7%

Akure

$5.5 * 2% 94.1% $88

Sport & Entertainment

Medellin

$58 3.5%

Akure

$13 * 4.6% 77.9% $45

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

Salaries in Medellin are about 18 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $47 in Medellin versus $9 in Akure. Monthly groceries follow the same trend: $297 vs $104 – making Akure the more affordable choice for daily food spending.

Good to know

🇨🇴 Medellin

🇳🇬 Akure

🕒 Local time

14:58 2:58 PM

20:58 8:58 PM

6 h ahead of Medellin

🌤 Weather

👥 Population

2,486,723

387,087

💱 Currency

Colombian Peso COP $

Nigerian Naira NGN ₦

📈 Exchange rate

10,000 COP = 3.18 USD

10,000 COP = 2.86 EUR

10,000 NGN = 7.46 USD

10,000 NGN = 6.7 EUR

Exchange rates and currency converter

NGN, USD, EUR to COP – Colombian Peso Converter

🇺🇸 United States Dollar ($)

🇨🇴 Colombian Peso ($)

Colombian Peso exchange rates as of October 28, 2026: 1 USD = 3,146 COP (10,000 COP = 3.18 USD). 1 EUR = 3,502 COP (10,000 COP = 2.86 EUR).

Nigerian Naira exchange rates as of October 28, 2026: 1 USD = 1,340 NGN (10,000 NGN = 7.46 USD). 1 EUR = 1,492 NGN (10,000 NGN = 6.7 EUR).

USD to COP in detail →

On the map

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Highest

Between locations

Medellin Akure 8,910 km ≈ 12 h nonstop flight

From you

Medellin
Akure

Distances are measured in a straight line. Your location is detected approximately.

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

Medellin vs Akure: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $1,639 in Medellin, $276 in Akure – Akure comes out roughly 83% cheaper. Outside of rent, the biggest gap is in groceries.

For a comfortable life, plan on about $2,459 per month in Medellin and $414 in Akure. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A mid-range dinner for two costs $47 in Medellin and $9 in Akure. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 186% more in Medellin, though the gap depends on what you buy.

A $1,200 monthly budget goes further in Akure, where all-in costs run around $276, than in Medellin at $1,639. In Akure it covers expenses comfortably, while in Medellin it requires careful planning or may not stretch far enough.

It depends on your priorities. Medellin has an edge in some lifestyle areas, with costs from $276 in Akure to $1,639 in Medellin. Climate, culture, job market, and personal taste all factor in.

If budget matters most, go with Akure. If higher salaries or specific career opportunities are the priority, Medellin makes more sense. Both are solid long-term options with distinct trade-offs.