Cost of Living Comparison Between Grundarfjordur and Medellin Cost of Living Comparison Between Grundarfjordur and Medellin

😐 Solo nomad: Grundarfjordur is 149.2% more expensive than Medellin without rent, and 60.6% more expensive with rent.

😐 Family of 3: Grundarfjordur is 153.2% more expensive than Medellin without rent, and 91.4% more expensive with rent.

Meal at Budget Restaurant

$26.89 ISK 3,354

$6.23 COP 26K

331.62%

Three-Course Dinner for Two, Mid-Range

$143 ISK 17.8K

$32.34 COP 134.8K

342.15%

Fast Food Meal (McDonalds, etc)

$22.13 ISK 2,761

$7.39 COP 30.8K

199.46%

Cappuccino

$6.16 ISK 769

$1.72 COP 7,155

258.14%

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

$3.24 ISK 404

$1.1 COP 4,575

194.55%

Water (0.33 liter bottle)

$2.51 ISK 313

$0.73 COP 3,060

243.84%

Local Beer (0.5 liter draught)

$12.69 ISK 1,583

$1.66 COP 6,916

664.46%

Imported Beer (0.33 liter bottle)

$11.45 ISK 1,428

$3.2 COP 13.3K

257.81%

Milk (1 liter)

$1.93 ISK 241

$1.09 COP 4,552

77.06%

White Bread (500g)

$4.39 ISK 547

$1.24 COP 5,188

254.03%

Rice (white) (1kg)

$3.67 ISK 458

$1.33 COP 5,544

175.94%

Eggs

$6.52 ISK 814

$2.22 COP 9,252

193.69%

Local Cheese (1kg)

$18.17 ISK 2,266

$4.55 COP 19K

299.34%

Chicken Fillets (1kg)

$24.29 ISK 3,030

$5.71 COP 23.8K

325.39%

Beef Round Steak (1kg)

$41.67 ISK 5,198

$8.59 COP 35.8K

385.10%

Apples (1kg)

$3.24 ISK 404

$2.26 COP 9,410

43.36%

Banana (1kg)

$2.5 ISK 311

$1.07 COP 4,461

133.64%

Oranges (1kg)

$2.99 ISK 373

$1.51 COP 6,293

98.01%

Tomato (1kg)

$4.97 ISK 621

$1.42 COP 5,911

250.00%

Potato (1kg)

$3.68 ISK 459

$1.11 COP 4,619

231.53%

Onion (1kg)

$2.39 ISK 298

$1.18 COP 4,932

102.54%

Lettuce (1 head)

$3.15 ISK 393

$0.89 COP 3,718

253.93%

Water (1.5 liter bottle)

$1.95 ISK 243

$0.84 COP 3,507

132.14%

Cigarettes 20 Pack (Marlboro, Camel)

$13.79 ISK 1,720

$2.35 COP 9,809

486.81%

Wine (Bottle)

$24.42 ISK 3,047

$9.34 COP 38.9K

161.46%

Local Beer (0.5 liter bottle)

$3.73 ISK 466

$1.18 COP 4,927

216.10%

Imported Beer (0.33 liter bottle)

$3.32 ISK 414

$2.49 COP 10.4K

33.33%

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)

$6.49 ISK 810

$1.41 COP 5,899

360.28%

Taxi (Normal Tariff) (1km)

$2.66 ISK 331

$1.96 COP 8,164

35.71%

Taxi 1hour Waiting (Normal Tariff)

$85.7 ISK 10.7K

$7.85 COP 32.7K

991.08%

Gasoline (1 liter)

$2.43 ISK 304

$1.02 COP 4,265

138.24%

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

$47.9K ISK 6M

$17.6K COP 73.4M

172.46%

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

$52.3K ISK 6.5M

$26.2K COP 109.2M

99.61%

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

$88.5 ISK 11K

$82.5 COP 344.1K

7.23%

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

$27.54 ISK 3,436

$9.44 COP 39.4K

191.74%

Internet (50+ Mbps, Unlimited Data)

$83.9 ISK 10.5K

$23.51 COP 98K

256.74%

Gym Membership (Monthly)

$25.68 COP 107.1K

Tennis Court (1 Hour on Weekend)

$19.14 COP 79.8K

Cinema Ticket

$17.39 ISK 2,170

$3.96 COP 16.5K

339.14%

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

$318 ISK 39.6K

$305 COP 1.3M

4.17%

International Primary School, 1 Child (Yearly)

$30.7K ISK 3.8M

$5,925 COP 24.7M

417.87%

Jeans (Levis 501 Or Similar)

$139 ISK 17.3K

$57.9 COP 241.4K

139.52%

Summer Dress (H&M, Zara, etc)

$61 ISK 7,607

$31.59 COP 131.7K

93.04%

Sport Shoes (Adidas, Nike)

$183 ISK 22.8K

$103 COP 430.1K

77.05%

Men's Leather Business Shoes

$268 ISK 33.4K

$106 COP 440.5K

153.38%

1-bedroom Apartment, City Center (Monthly)

$489 COP 2M

1-bedroom Apartment, Outside City Center (Monthly)

$379 COP 1.6M

3-bedroom Apartment, City Center (Monthly)

$827 COP 3.4M

3-bedroom Apartment, Outside City Center (Monthly)

$729 COP 3M

Buy Apartment in City Center (m2)

$2,190 COP 9.1M

Buy Apartment Outside City Center (m2)

$1,147 ISK 143.1K

$1,532 COP 6.4M

-25.15%

Average Monthly Net Salary (After Tax)

$550 COP 2.3M

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

13.43

-28.29%

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

Last update for Grundarfjordur: October 27, 2025

Last update for Medellin: October 28, 2025

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