Cost of Living Comparison Between Medellin and Akureyri Cost of Living Comparison Between Medellin and Akureyri

🙂 Solo nomad: Medellin is 38.4% cheaper than Akureyri without rent, and 65.6% cheaper with rent.

🙂 Family of 3: Medellin is 42.5% cheaper than Akureyri without rent, and 56.1% cheaper with rent.

Meal at Budget Restaurant

$6.23 COP 26K

$24.23 ISK 3,023

-74.29%

Three-Course Dinner for Two, Mid-Range

$32.34 COP 134.8K

$126 ISK 15.8K

-74.43%

Fast Food Meal (McDonalds, etc)

$7.39 COP 30.8K

$22 ISK 2,744

-66.41%

Cappuccino

$1.72 COP 7,155

$4.73 ISK 591

-63.64%

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

$1.1 COP 4,575

$3.43 ISK 428

-67.93%

Water (0.33 liter bottle)

$0.73 COP 3,060

$3.04 ISK 380

-75.99%

Local Beer (0.5 liter draught)

$1.66 COP 6,916

$10.74 ISK 1,339

-84.54%

Imported Beer (0.33 liter bottle)

$3.2 COP 13.3K

$9.04 ISK 1,127

-64.60%

Milk (1 liter)

$1.09 COP 4,552

$2.84 ISK 354

-61.62%

White Bread (500g)

$1.24 COP 5,188

$2.32 ISK 289

-46.55%

Rice (white) (1kg)

$1.33 COP 5,544

$3.03 ISK 377

-56.11%

Eggs

$2.22 COP 9,252

$8.18 ISK 1,021

-72.86%

Local Cheese (1kg)

$4.55 COP 19K

Chicken Fillets (1kg)

$5.71 COP 23.8K

$24.06 ISK 3,001

-76.27%

Beef Round Steak (1kg)

$8.59 COP 35.8K

Apples (1kg)

$2.26 COP 9,410

Banana (1kg)

$1.07 COP 4,461

Oranges (1kg)

$1.51 COP 6,293

Tomato (1kg)

$1.42 COP 5,911

Potato (1kg)

$1.11 COP 4,619

Onion (1kg)

$1.18 COP 4,932

Lettuce (1 head)

$0.89 COP 3,718

Water (1.5 liter bottle)

$0.84 COP 3,507

Cigarettes 20 Pack (Marlboro, Camel)

$2.35 COP 9,809

$13.68 ISK 1,706

-82.82%

Wine (Bottle)

$9.34 COP 38.9K

Local Beer (0.5 liter bottle)

$1.18 COP 4,927

Imported Beer (0.33 liter bottle)

$2.49 COP 10.4K

One-way Ticket (Public Transport)

$0.83 COP 3,464

Public Transport Monthly Pass (Regular Price)

$41.9 COP 174.7K

Taxi Start (Normal Tariff)

$1.41 COP 5,899

Taxi (Normal Tariff) (1km)

$1.96 COP 8,164

Taxi 1hour Waiting (Normal Tariff)

$7.85 COP 32.7K

Gasoline (1 liter)

$1.02 COP 4,265

$2.51 ISK 313

-59.36%

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

$17.6K COP 73.4M

$40.6K ISK 5.1M

-56.63%

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

$26.2K COP 109.2M

$64.7K ISK 8.1M

-59.52%

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

$82.5 COP 344.1K

$123 ISK 15.3K

-32.66%

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

$9.44 COP 39.4K

$24.89 ISK 3,106

-62.07%

Internet (50+ Mbps, Unlimited Data)

$23.51 COP 98K

$162 ISK 20.2K

-85.49%

Gym Membership (Monthly)

$25.68 COP 107.1K

$82.7 ISK 10.3K

-68.94%

Tennis Court (1 Hour on Weekend)

$19.14 COP 79.8K

Cinema Ticket

$3.96 COP 16.5K

$15.29 ISK 1,907

-74.10%

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

$305 COP 1.3M

$360 ISK 44.9K

-15.26%

International Primary School, 1 Child (Yearly)

$5,925 COP 24.7M

Jeans (Levis 501 Or Similar)

$57.9 COP 241.4K

$80.8 ISK 10.1K

-28.35%

Summer Dress (H&M, Zara, etc)

$31.59 COP 131.7K

Sport Shoes (Adidas, Nike)

$103 COP 430.1K

$119 ISK 14.8K

-13.08%

Men's Leather Business Shoes

$106 COP 440.5K

1-bedroom Apartment, City Center (Monthly)

$489 COP 2M

$1,794 ISK 223.9K

-72.73%

1-bedroom Apartment, Outside City Center (Monthly)

$379 COP 1.6M

$1,803 ISK 224.9K

-78.98%

3-bedroom Apartment, City Center (Monthly)

$827 COP 3.4M

3-bedroom Apartment, Outside City Center (Monthly)

$729 COP 3M

$2,140 ISK 266.9K

-65.93%

Buy Apartment in City Center (m2)

$2,190 COP 9.1M

$6,404 ISK 798.8K

-65.80%

Buy Apartment Outside City Center (m2)

$1,532 COP 6.4M

$6,379 ISK 795.8K

-75.98%

Average Monthly Net Salary (After Tax)

$550 COP 2.3M

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

9.4

42.87%

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

Last update for Medellin: October 28, 2025

Last update for Akureyri: October 27, 2025

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