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

😐 Solo nomad: Grundarfjordur is 185.3% more expensive than Medellin without rent, and 54.2% more expensive with rent.

😐 Family of 3: Grundarfjordur is 198.6% more expensive than Medellin without rent, and 81.7% more expensive with rent.

Meal at Budget Restaurant

$26.40 ISK 3,325

$5.97 COP 21.9K

342.21%

Three-Course Dinner for Two, Mid-Range

$146 ISK 18.4K

$32.40 COP 119.0K

350.62%

Fast Food Meal (McDonalds, etc)

$22.44 ISK 2,826

$7.13 COP 26.2K

214.73%

Cappuccino

$6.22 ISK 784

$1.65 COP 6,043

276.97%

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

$3.26 ISK 410

$1.06 COP 3,882

207.55%

Water (0.33 liter bottle)

$2.61 ISK 329

$0.77 COP 2,839

238.96%

Local Beer (0.5 liter draught)

$13.02 ISK 1,640

$1.75 COP 6,418

644.00%

Imported Beer (0.33 liter bottle)

$11.37 ISK 1,432

$3.06 COP 11.2K

271.57%

Milk (1 liter)

$1.88 ISK 237

$1.10 COP 4,026

70.91%

White Bread (500g)

$4.28 ISK 540

$1.30 COP 4,771

229.23%

Rice (white) (1kg)

$3.59 ISK 452

$1.34 COP 4,905

167.91%

Eggs

$6.36 ISK 801

$2.26 COP 8,299

181.42%

Local Cheese (1kg)

$18.19 ISK 2,292

$4.50 COP 16.5K

304.22%

Chicken Fillets (1kg)

$23.73 ISK 2,990

$5.80 COP 21.3K

309.14%

Beef Round Steak (1kg)

$42.57 ISK 5,362

$8.96 COP 32.9K

375.11%

Apples (1kg)

$3.31 ISK 417

$2.37 COP 8,691

39.66%

Banana (1kg)

$2.49 ISK 313

$1.07 COP 3,939

132.71%

Oranges (1kg)

$3.03 ISK 381

$1.48 COP 5,418

104.73%

Tomato (1kg)

$4.88 ISK 614

$1.36 COP 5,011

258.82%

Potato (1kg)

$3.66 ISK 460

$1.13 COP 4,135

223.89%

Onion (1kg)

$2.32 ISK 293

$1.13 COP 4,161

105.31%

Lettuce (1 head)

$3.14 ISK 395

$0.89 COP 3,274

252.81%

Water (1.5 liter bottle)

$1.99 ISK 251

$0.85 COP 3,114

134.12%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 ISK 1,741

$2.28 COP 8,361

506.14%

Wine (Bottle)

$24.19 ISK 3,047

$10.15 COP 37.3K

138.33%

Local Beer (0.5 liter bottle)

$3.73 ISK 470

$1.19 COP 4,359

213.45%

Imported Beer (0.33 liter bottle)

$3.36 ISK 423

$2.40 COP 8,828

40.00%

One-way Ticket (Public Transport)

$0.84 COP 3,074

Public Transport Monthly Pass (Regular Price)

$40.85 COP 150.0K

Taxi Start (Normal Tariff)

$6.50 ISK 819

$1.48 COP 5,417

339.19%

Taxi (Normal Tariff) (1km)

$2.52 ISK 317

$1.89 COP 6,949

33.33%

Taxi 1hour Waiting (Normal Tariff)

$85.5 ISK 10.8K

$8.05 COP 29.5K

962.11%

Gasoline (1 liter)

$2.55 ISK 321

$0.94 COP 3,455

171.28%

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

$46.7K ISK 5.9M

$17.7K COP 65.1M

163.09%

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

$53.0K ISK 6.7M

$26.4K COP 96.8M

101.05%

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

$87.6 ISK 11.0K

$81.9 COP 300.7K

6.95%

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

$27.54 ISK 3,469

$9.54 COP 35.0K

188.68%

Internet (50+ Mbps, Unlimited Data)

$84.7 ISK 10.7K

$23.68 COP 87.0K

257.60%

Gym Membership (Monthly)

$25.85 COP 94.9K

Tennis Court (1 Hour on Weekend)

$18.72 COP 68.7K

Cinema Ticket

$17.42 ISK 2,195

$4.05 COP 14.9K

330.12%

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

$325 ISK 41.0K

$316 COP 1.2M

3.03%

International Primary School, 1 Child (Yearly)

$30.2K ISK 3.8M

$5,971 COP 21.9M

405.23%

Jeans (Levis 501 Or Similar)

$139 ISK 17.5K

$59.0 COP 216.4K

135.62%

Summer Dress (H&M, Zara, etc)

$61.3 ISK 7,727

$32.49 COP 119.3K

88.80%

Sport Shoes (Adidas, Nike)

$184 ISK 23.2K

$99.9 COP 366.7K

84.31%

Men's Leather Business Shoes

$267 ISK 33.6K

$108 COP 394.9K

147.85%

1-bedroom Apartment, City Center (Monthly)

$491 COP 1.8M

1-bedroom Apartment, Outside City Center (Monthly)

$371 COP 1.4M

3-bedroom Apartment, City Center (Monthly)

$821 COP 3.0M

3-bedroom Apartment, Outside City Center (Monthly)

$731 COP 2.7M

Buy Apartment in City Center (m2)

$3,019 COP 11.1M

Buy Apartment Outside City Center (m2)

$1,181 ISK 148.8K

$1,332 COP 4.9M

-11.35%

Average Monthly Net Salary (After Tax)

$517 COP 1.9M

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: January 12, 2026

Last update for Medellin: January 12, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

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