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

Monthly Cost of Living

A single person spends $1,641 per month in Medellin vs $275 in Akure, rent included.

A couple spends around $2,447 per month in Medellin vs $441 in Akure, rent included.

A family of three spends $3,253 per month in Medellin vs $607 in Akure, rent included.

Medellin costs about 496% more than Akure, driven mainly by Groceries & Markets.

Medellin sits 19% above the global median, while Akure is 80% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$8.04 COP 24.8K

$1.10 ₦1,458

630.91%

Three-Course Dinner for Two, Mid-Range

$48.29 COP 148.6K

$8.73 ₦11.6K

453.15%

Fast Food Meal (McDonalds, etc)

$9.42 COP 29.0K

$7.53 ₦9,979

25.10%

Cappuccino

$2.94 COP 9,040

$2.82 ₦3,731

4.26%

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

$1.86 COP 5,735

$0.21 ₦277

785.71%

Water (0.33 liter bottle)

$1.46 COP 4,479

$0.14 ₦188

942.86%

Local Beer (0.5 liter draught)

$3.21 COP 9,882

$1.02 ₦1,350

214.71%

Imported Beer (0.33 liter bottle)

$5.71 COP 17.6K

$1.95 ₦2,585

192.82%

Milk (1 liter)

$1.44 COP 4,428

$1.47 ₦1,942

-2.04%

White Bread (500g)

$2.40 COP 7,389

$0.59 ₦778

306.78%

Rice (white) (1kg)

$1.70 COP 5,228

$1.18 ₦1,567

44.07%

Eggs

$2.89 COP 8,896

$0.77 ₦1,017

275.32%

Local Cheese (1kg)

$10.06 COP 30.9K

$3.45 ₦4,577

191.59%

Chicken Fillets (1kg)

$9.97 COP 30.7K

$3.99 ₦5,284

149.87%

Beef Round Steak (1kg)

$14.20 COP 43.7K

$2.30 ₦3,044

517.39%

Apples (1kg)

$3.98 COP 12.3K

$1.46 ₦1,937

172.60%

Banana (1kg)

$1.58 COP 4,878

$0.73 ₦964

116.44%

Oranges (1kg)

$2.15 COP 6,624

$0.64 ₦844

235.94%

Tomato (1kg)

$2.30 COP 7,078

$0.93 ₦1,239

147.31%

Potato (1kg)

$2.00 COP 6,169

$0.83 ₦1,104

140.96%

Onion (1kg)

$1.51 COP 4,646

$0.93 ₦1,230

62.37%

Lettuce (1 head)

$1.20 COP 3,701

$0.83 ₦1,102

44.58%

Water (1.5 liter bottle)

$1.28 COP 3,946

$0.37 ₦487

245.95%

Cigarettes 20 Pack (Marlboro, Camel)

$3.84 COP 11.8K

$0.54 ₦713

611.11%

Wine (Bottle)

$14.01 COP 43.1K

$2.19 ₦2,902

539.73%

Local Beer (0.5 liter bottle)

$1.71 COP 5,256

$0.50 ₦665

242.00%

Imported Beer (0.33 liter bottle)

$2.74 COP 8,440

$0.49 ₦652

459.18%

One-way Ticket (Public Transport)

$1.25 COP 3,834

Public Transport Monthly Pass (Regular Price)

$77.9 COP 239.7K

Taxi Start (Normal Tariff)

$1.31 COP 4,016

$0.70 ₦928

87.14%

Taxi (Normal Tariff) (1km)

$2.17 COP 6,680

$0.97 ₦1,290

123.71%

Taxi 1hour Waiting (Normal Tariff)

$8.29 COP 25.5K

$2.21 ₦2,935

275.11%

Gasoline (1 liter)

$1.36 COP 4,172

$0.17 ₦221

700.00%

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

$27.5K COP 84.5M

$11.3K ₦15.0M

142.61%

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

$36.5K COP 112.4M

$13.4K ₦17.8M

172.10%

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

$169 COP 519.2K

$11.00 ₦14.6K

1433.82%

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

$13.57 COP 41.8K

$5.14 ₦6,807

164.01%

Internet (50+ Mbps, Unlimited Data)

$28.32 COP 87.2K

$9.19 ₦12.2K

208.16%

Gym Membership (Monthly)

$45.71 COP 140.7K

Tennis Court (1 Hour on Weekend)

$17.22 COP 53.0K

Cinema Ticket

$6.65 COP 20.5K

$4.83 ₦6,397

37.68%

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

$803 COP 2.5M

$653 ₦865.8K

22.98%

International Primary School, 1 Child (Yearly)

$9,190 COP 28.3M

$19.6K ₦26.0M

-53.13%

Jeans (Levis 501 Or Similar)

$87.4 COP 268.8K

$14.44 ₦19.1K

504.99%

Summer Dress (H&M, Zara, etc)

$59.4 COP 182.7K

$18.10 ₦24.0K

228.01%

Sport Shoes (Adidas, Nike)

$139 COP 427.5K

$36.85 ₦48.8K

276.96%

Men's Leather Business Shoes

$102 COP 314.0K

$49.04 ₦65.0K

108.08%

1-bedroom Apartment, City Center (Monthly)

$1,071 COP 3.3M

1-bedroom Apartment, Outside City Center (Monthly)

$653 COP 2.0M

3-bedroom Apartment, City Center (Monthly)

$1,925 COP 5.9M

3-bedroom Apartment, Outside City Center (Monthly)

$1,048 COP 3.2M

Buy Apartment in City Center (m2)

$4,123 COP 12.7M

Buy Apartment Outside City Center (m2)

$1,697 COP 5.2M

Average Monthly Net Salary (After Tax)

$655 COP 2.0M

$36.86 ₦48.9K

1677.05%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

18.05

-39.39%

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

Last update for Medellin: September 7, 2026

Last update for Akure: September 7, 2026

Cost Breakdown

Salaries run about 1677% 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 $48.00 in Medellin versus $9.00 in Akure. Monthly groceries follow the same trend: $300 vs $104 – 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: $1,641 in Medellin, $275 in Akure – roughly 496% apart. Medellin costs more across the board, with Groceries & Markets showing the biggest gap.

For a comfortable life, plan on about $2,462 per month in Medellin and $413 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 $48.00 in Medellin and $9.00 in Akure. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 188% 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 $275, than in Medellin at $1,641. 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 $275 in Akure to $1,641 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.