Cost of Living Comparison Between Medellin and Akure Cost of Living Comparison Between Medellin and Akure

Monthly Cost of Living

A single person spends $1,034 per month in Medellin vs $652 in Akure, rent included.

A couple spends around $1,577 per month in Medellin vs $1,050 in Akure, rent included.

A family of three spends $2,120 per month in Medellin vs $1,448 in Akure, rent included.

Medellin costs about 59% more than Akure, driven mainly by Clothing & Footwear.

Both Medellin and Akure are more affordable than the global median – Medellin 23% lower, Akure 51% lower.

Meal at Budget Restaurant

$5.92 COP 21.4K

$1.48 ₦2,043

300.00%

Three-Course Dinner for Two, Mid-Range

$32.75 COP 118.2K

$17.37 ₦23.9K

88.54%

Fast Food Meal (McDonalds, etc)

$7.20 COP 26.0K

$5.20 ₦7,164

38.46%

Cappuccino

$1.70 COP 6,140

$2.21 ₦3,037

-23.08%

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

$1.10 COP 3,966

$0.36 ₦498

205.56%

Water (0.33 liter bottle)

$0.72 COP 2,605

$0.20 ₦275

260.00%

Local Beer (0.5 liter draught)

$1.67 COP 6,022

$0.85 ₦1,169

96.47%

Imported Beer (0.33 liter bottle)

$3.10 COP 11.2K

$1.38 ₦1,901

124.64%

Milk (1 liter)

$1.06 COP 3,809

$2.13 ₦2,939

-50.23%

White Bread (500g)

$1.25 COP 4,497

$0.98 ₦1,353

27.55%

Rice (white) (1kg)

$1.39 COP 5,022

$2.23 ₦3,075

-37.67%

Eggs

$2.26 COP 8,168

$1.74 ₦2,400

29.89%

Local Cheese (1kg)

$4.33 COP 15.6K

$6.31 ₦8,694

-31.38%

Chicken Fillets (1kg)

$5.84 COP 21.1K

$4.17 ₦5,736

40.05%

Beef Round Steak (1kg)

$8.83 COP 31.9K

$5.43 ₦7,475

62.62%

Apples (1kg)

$2.24 COP 8,099

$3.47 ₦4,772

-35.45%

Banana (1kg)

$1.08 COP 3,882

$2.09 ₦2,876

-48.33%

Oranges (1kg)

$1.53 COP 5,522

$2.03 ₦2,790

-24.63%

Tomato (1kg)

$1.37 COP 4,950

$1.69 ₦2,332

-18.93%

Potato (1kg)

$1.13 COP 4,078

$1.43 ₦1,971

-20.98%

Onion (1kg)

$1.12 COP 4,036

$1.81 ₦2,492

-38.12%

Lettuce (1 head)

$0.85 COP 3,057

$1.92 ₦2,648

-55.73%

Water (1.5 liter bottle)

$0.91 COP 3,281

$0.38 ₦527

139.47%

Cigarettes 20 Pack (Marlboro, Camel)

$2.33 COP 8,414

$1.25 ₦1,725

86.40%

Wine (Bottle)

$11.13 COP 40.2K

$2.16 ₦2,979

415.28%

Local Beer (0.5 liter bottle)

$1.19 COP 4,309

$0.64 ₦875

85.94%

Imported Beer (0.33 liter bottle)

$2.37 COP 8,553

$0.90 ₦1,239

163.33%

One-way Ticket (Public Transport)

$0.79 COP 2,838

$0.25 ₦343

216.00%

Public Transport Monthly Pass (Regular Price)

$41.13 COP 148.5K

Taxi Start (Normal Tariff)

$1.44 COP 5,184

$1.20 ₦1,651

20.00%

Taxi (Normal Tariff) (1km)

$1.91 COP 6,901

$2.19 ₦3,015

-12.79%

Taxi 1hour Waiting (Normal Tariff)

$8.02 COP 28.9K

$4.76 ₦6,548

68.49%

Gasoline (1 liter)

$0.94 COP 3,385

$0.45 ₦618

108.89%

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

$17.9K COP 64.7M

$20.0K ₦27.5M

-10.37%

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

$26.8K COP 96.7M

$20.7K ₦28.4M

29.69%

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

$84.0 COP 303.1K

$21.18 ₦29.2K

296.41%

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

$9.60 COP 34.7K

$10.01 ₦13.8K

-4.10%

Internet (50+ Mbps, Unlimited Data)

$24.16 COP 87.2K

$17.47 ₦24.1K

38.29%

Gym Membership (Monthly)

$25.88 COP 93.4K

Tennis Court (1 Hour on Weekend)

$19.04 COP 68.7K

Cinema Ticket

$3.92 COP 14.1K

$6.16 ₦8,479

-36.36%

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

$306 COP 1.1M

$65.8 ₦90.6K

365.81%

International Primary School, 1 Child (Yearly)

$5,919 COP 21.4M

$2,274 ₦3.1M

160.26%

Jeans (Levis 501 Or Similar)

$57.9 COP 209.1K

$19.15 ₦26.4K

202.40%

Summer Dress (H&M, Zara, etc)

$31.82 COP 114.9K

$24.40 ₦33.6K

30.41%

Sport Shoes (Adidas, Nike)

$99.9 COP 360.6K

$64.9 ₦89.3K

53.98%

Men's Leather Business Shoes

$107 COP 386.8K

$57.0 ₦78.5K

87.87%

1-bedroom Apartment, City Center (Monthly)

$487 COP 1.8M

$402 ₦553.8K

21.02%

1-bedroom Apartment, Outside City Center (Monthly)

$368 COP 1.3M

$258 ₦355.4K

42.60%

3-bedroom Apartment, City Center (Monthly)

$826 COP 3.0M

$647 ₦890.3K

27.70%

3-bedroom Apartment, Outside City Center (Monthly)

$716 COP 2.6M

$528 ₦726.8K

35.66%

Buy Apartment in City Center (m2)

$2,925 COP 10.6M

Buy Apartment Outside City Center (m2)

$1,407 COP 5.1M

Average Monthly Net Salary (After Tax)

$546 COP 2.0M

$36.40 ₦50.1K

1398.65%

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

16.33

-17.76%

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

Last update for Medellin: April 27, 2026

Last update for Akure: April 26, 2026

Cost Breakdown

A central one-bedroom costs $487 in Medellin versus $402 in Akure. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 1399% higher in Medellin, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $33.00 in Medellin versus $17.00 in Akure. Monthly groceries follow the same trend: $190 vs $179 – making Akure the more affordable choice for daily food spending.

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: $1,034 in Medellin, $652 in Akure – roughly 59% apart. Medellin costs more across the board, with Clothing & Footwear showing the biggest gap.

For a comfortable life, plan on about $1,550 per month in Medellin and $978 in Akure. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Akure, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $33.00 in Medellin and $17.00 in Akure. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 6% more in Medellin, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $2,000 monthly budget goes further in Akure, where all-in costs run around $652, than in Medellin at $1,034. 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 $652 in Akure to $1,034 in Medellin. Climate, culture, job market, and personal taste all factor in.

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