Last update: Nov 2026

Cost of Living Comparison Between Drangsnes and Medellin

For one person, living costs are similar in Drangsnes and in Medellin: $1,726 and $1,692 a month, rent and utilities included.

82

Cost of Living Index in Drangsnes
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Drangsnes Living Index
80

Cost of Living Index in Medellin
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Medellin Living Index

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Drangsnes

🇮🇸 Iceland

$1,726

/mo nomad

Medellin

🇨🇴 Colombia

$1,692

/mo nomad

Monthly Cost of Living

How much you'll spend in Drangsnes and in Medellin

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

Monthly costs for one person with rent: $1,726 in Drangsnes versus $1,692 in Medellin.

Drangsnes $1,726
Medellin $1,692

Estimated couple costs with rent: $2,935 in Drangsnes versus $2,471 in Medellin.

Drangsnes $2,935
Medellin $2,471

Monthly costs for a family of three with rent: $4,144 in Drangsnes versus $3,249 in Medellin.

Drangsnes $4,144
Medellin $3,249

Monthly costs are close between Drangsnes and Medellin; which city is cheaper depends on the spending category.

Both cities are pricier than the global median: Drangsnes 28% above, Medellin 25% above.

Meal at Budget Restaurant

$31.74 ISK 3,856

$8.34 COP 27.0K

280.58%

Three-Course Dinner for Two, Mid-Range

$122 ISK 14.9K

$46.53 COP 150.9K

163.19%

Fast Food Meal (McDonalds, etc)

$26.90 ISK 3,268

$9.47 COP 30.7K

184.05%

Cappuccino

$6.91 ISK 840

$3.13 COP 10.2K

120.77%

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

$3.41 ISK 414

$1.77 COP 5,728

92.66%

Water (0.33 liter bottle)

$3.15 ISK 383

$1.42 COP 4,620

121.83%

Local Beer (0.5 liter draught)

$14.01 ISK 1,702

$3.15 COP 10.2K

344.76%

Imported Beer (0.33 liter bottle)

$12.12 ISK 1,473

$5.70 COP 18.5K

112.63%

Milk (1 liter)

$2.12 ISK 257

$1.53 COP 4,971

38.56%

White Bread (500g)

$4.23 ISK 514

$2.29 COP 7,431

84.72%

Rice (white) (1kg)

$3.65 ISK 444

$1.94 COP 6,308

88.14%

Eggs

$6.96 ISK 845

$3.07 COP 9,945

126.71%

Local Cheese (1kg)

$21.86 ISK 2,656

$9.99 COP 32.4K

118.82%

Chicken Fillets (1kg)

$24.27 ISK 2,948

$10.45 COP 33.9K

132.25%

Beef Round Steak (1kg)

$42.46 ISK 5,159

$13.96 COP 45.3K

204.15%

Apples (1kg)

$3.28 ISK 398

$4.05 COP 13.1K

-19.01%

Banana (1kg)

$2.84 ISK 344

$1.53 COP 4,957

85.62%

Oranges (1kg)

$3.17 ISK 385

$2.10 COP 6,825

50.95%

Tomato (1kg)

$6.60 ISK 801

$2.29 COP 7,439

188.21%

Potato (1kg)

$3.94 ISK 479

$2.11 COP 6,841

86.73%

Onion (1kg)

$1.70 ISK 207

$1.71 COP 5,543

-0.58%

Lettuce (1 head)

$3.66 ISK 444

$1.17 COP 3,795

212.82%

Water (1.5 liter bottle)

$1.74 ISK 212

$1.58 COP 5,125

10.13%

Cigarettes 20 Pack (Marlboro, Camel)

$13.77 ISK 1,673

$3.91 COP 12.7K

252.17%

Wine (Bottle)

$23.74 ISK 2,885

$14.04 COP 45.6K

69.09%

Local Beer (0.5 liter bottle)

$3.67 ISK 446

$1.76 COP 5,714

108.52%

Imported Beer (0.33 liter bottle)

$3.49 ISK 424

$2.71 COP 8,796

28.78%

One-way Ticket (Public Transport)

$1.18 COP 3,826

Public Transport Monthly Pass (Regular Price)

$76.3 COP 247.4K

Taxi Start (Normal Tariff)

$6.64 ISK 806

$1.81 COP 5,860

266.85%

Taxi (Normal Tariff) (1km)

$2.79 ISK 339

$2.13 COP 6,906

30.99%

Taxi 1hour Waiting (Normal Tariff)

$80.7 ISK 9,799

$8.13 COP 26.4K

892.00%

Gasoline (1 liter)

$2.11 ISK 256

$1.28 COP 4,136

64.84%

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

$69.7K ISK 8.5M

$34.4K COP 111.7M

102.40%

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

$55.5K ISK 6.7M

$34.1K COP 110.7M

62.48%

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

$95.5 ISK 11.6K

$178 COP 576.4K

-46.28%

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

$33.11 ISK 4,023

$13.89 COP 45.0K

138.37%

Internet (50+ Mbps, Unlimited Data)

$87.1 ISK 10.6K

$30.74 COP 99.7K

183.47%

Gym Membership (Monthly)

$41.94 COP 136.0K

Tennis Court (1 Hour on Weekend)

$16.80 COP 54.5K

Cinema Ticket

$19.31 ISK 2,347

$7.47 COP 24.2K

158.50%

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

$1,168 ISK 142.0K

$790 COP 2.6M

47.89%

International Primary School, 1 Child (Yearly)

$26.3K ISK 3.2M

$12.3K COP 39.9M

113.74%

Jeans (Levis 501 Or Similar)

$152 ISK 18.5K

$86.3 COP 280.0K

76.19%

Summer Dress (H&M, Zara, etc)

$65.6 ISK 7,971

$59.3 COP 192.2K

10.72%

Sport Shoes (Adidas, Nike)

$179 ISK 21.7K

$138 COP 448.7K

29.23%

Men's Leather Business Shoes

$248 ISK 30.1K

$98.8 COP 320.5K

150.77%

1-bedroom Apartment, City Center (Monthly)

$1,341 COP 4.3M

1-bedroom Apartment, Outside City Center (Monthly)

$667 COP 2.2M

3-bedroom Apartment, City Center (Monthly)

$1,976 COP 6.4M

3-bedroom Apartment, Outside City Center (Monthly)

$1,033 COP 3.3M

Buy Apartment in City Center (m2)

$4,098 COP 13.3M

Buy Apartment Outside City Center (m2)

$1,940 COP 6.3M

Average Monthly Net Salary (After Tax)

$6,094 ISK 740.4K

$646 COP 2.1M

843.16%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

10.94

-19.47%

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

Last update for Drangsnes: November 3, 2026

Last update for Medellin: November 2, 2026

Monthly budget structure

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

Groceries & Markets

Drangsnes

$623 36.1%

Medellin

$307 18.2% 50.7% $316

Eating Out

Drangsnes

$538 31.2%

Medellin

$173 10.2% 67.9% $365

Clothing & Footwear

Drangsnes

$290 16.8%

Medellin

$172 10.2% 40.6% $118

Monthly Utilities & Internet

Drangsnes

$216 12.5%

Medellin

$222 13.1% 3.1% $6.6

Sport & Entertainment

Drangsnes

$39 * 2.2%

Medellin

$57 3.4% 47.3% $18

Getting Around

Drangsnes

$21 * 1.2%

Medellin

$93 5.5% 354% $73

Accommodation & Living

Drangsnes

- * 0%

Medellin

$667 39.4%

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

Cost Breakdown

Drangsnes pays about 9.4 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $122 in Drangsnes vs $47 in Medellin for a mid-range dinner for two. Groceries echo the gap at $623 vs $307 per month, with Medellin cheaper across the board.

Good to know

🇮🇸 Drangsnes

🇨🇴 Medellin

🕒 Local time

04:42 4:42 AM

23:42 11:42 PM

5 h behind Drangsnes

🌤 Weather

👥 Population

100

2,486,723

💱 Currency

Icelandic Króna ISK kr

Colombian Peso COP $

📈 Exchange rate

1,000 ISK = 8.23 USD

1,000 ISK = 7.36 EUR

10,000 COP = 3.08 USD

10,000 COP = 2.76 EUR

Exchange rates and currency converter

COP, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of November 4, 2026: 1 USD = 122 ISK (1,000 ISK = 8.23 USD). 1 EUR = 136 ISK (1,000 ISK = 7.36 EUR).

Colombian Peso exchange rates as of November 4, 2026: 1 USD = 3,243 COP (10,000 COP = 3.08 USD). 1 EUR = 3,627 COP (10,000 COP = 2.76 EUR).

USD to ISK in detail →

On the map

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Between locations

Drangsnes Medellin 7,800 km ≈ 10 h nonstop flight

From you

Drangsnes
Medellin

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

Drangsnes vs Medellin: Cost of Living - Frequently Asked Questions

Average pay in Drangsnes is about 9.4 times higher, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Supermarket bills run roughly 103% higher in Drangsnes. For households that cook at home regularly, that difference adds up over a month.

Dining out is cheaper in Medellin – a meal for two runs $47 versus $122 in Drangsnes. If you eat out regularly, this makes a real dent in your monthly spending.

Either city works on $2,500 a month, though Medellin gives you more room to save. At this income level, the choice is more about lifestyle than financial pressure.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

It comes down to priorities – Medellin wins on affordability, Drangsnes on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.