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

😐 Solo nomad: Grundarfjordur is 147.2% more expensive than Medellin without rent, and 57.7% more expensive with rent.

😐 Family of 3: Grundarfjordur is 204.3% more expensive than Medellin without rent, and 85.6% more expensive with rent.

Meal at Budget Restaurant

$27.16 ISK 3,398

$6.03 COP 22.7K

350.41%

Three-Course Dinner for Two, Mid-Range

$146 ISK 18.2K

$33.17 COP 124.7K

339.25%

Fast Food Meal (McDonalds, etc)

$22.44 ISK 2,808

$7.29 COP 27.4K

207.82%

Cappuccino

$6.02 ISK 753

$1.63 COP 6,128

269.33%

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

$3.26 ISK 408

$1.05 COP 3,944

210.48%

Water (0.33 liter bottle)

$2.55 ISK 319

$0.77 COP 2,896

231.17%

Local Beer (0.5 liter draught)

$12.75 ISK 1,596

$1.73 COP 6,505

636.99%

Imported Beer (0.33 liter bottle)

$11.37 ISK 1,423

$3.18 COP 12.0K

257.55%

Milk (1 liter)

$1.97 ISK 246

$1.07 COP 4,012

84.11%

White Bread (500g)

$4.31 ISK 539

$1.31 COP 4,931

229.01%

Rice (white) (1kg)

$3.56 ISK 446

$1.38 COP 5,191

157.97%

Eggs

$6.44 ISK 806

$2.25 COP 8,450

186.22%

Local Cheese (1kg)

$17.88 ISK 2,237

$4.48 COP 16.9K

299.11%

Chicken Fillets (1kg)

$23.87 ISK 2,987

$5.74 COP 21.6K

315.85%

Beef Round Steak (1kg)

$42.87 ISK 5,365

$8.86 COP 33.3K

383.86%

Apples (1kg)

$3.26 ISK 408

$2.24 COP 8,431

45.54%

Banana (1kg)

$2.44 ISK 306

$1.06 COP 3,985

130.19%

Oranges (1kg)

$2.97 ISK 371

$1.51 COP 5,693

96.69%

Tomato (1kg)

$4.97 ISK 622

$1.36 COP 5,115

265.44%

Potato (1kg)

$3.70 ISK 463

$1.12 COP 4,215

230.36%

Onion (1kg)

$2.44 ISK 305

$1.17 COP 4,397

108.55%

Lettuce (1 head)

$3.02 ISK 378

$0.90 COP 3,392

235.56%

Water (1.5 liter bottle)

$2.00 ISK 250

$0.84 COP 3,147

138.10%

Cigarettes 20 Pack (Marlboro, Camel)

$13.88 ISK 1,737

$2.26 COP 8,494

514.16%

Wine (Bottle)

$23.75 ISK 2,971

$9.97 COP 37.5K

138.21%

Local Beer (0.5 liter bottle)

$3.55 ISK 444

$1.18 COP 4,448

200.85%

Imported Beer (0.33 liter bottle)

$3.37 ISK 422

$2.39 COP 8,986

41.00%

One-way Ticket (Public Transport)

$0.86 COP 3,230

Public Transport Monthly Pass (Regular Price)

$41.45 COP 155.9K

Taxi Start (Normal Tariff)

$6.37 ISK 798

$1.47 COP 5,517

333.33%

Taxi (Normal Tariff) (1km)

$2.65 ISK 332

$1.95 COP 7,317

35.90%

Taxi 1hour Waiting (Normal Tariff)

$84.5 ISK 10.6K

$7.76 COP 29.2K

988.53%

Gasoline (1 liter)

$2.53 ISK 316

$0.97 COP 3,637

160.82%

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

$46.5K ISK 5.8M

$17.9K COP 67.5M

159.04%

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

$51.5K ISK 6.4M

$26.7K COP 100.5M

92.73%

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

$86.3 ISK 10.8K

$81.1 COP 305.0K

6.35%

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

$27.56 ISK 3,448

$9.40 COP 35.4K

193.19%

Internet (50+ Mbps, Unlimited Data)

$83.9 ISK 10.5K

$23.61 COP 88.8K

255.32%

Gym Membership (Monthly)

$25.55 COP 96.0K

Tennis Court (1 Hour on Weekend)

$19.29 COP 72.5K

Cinema Ticket

$17.84 ISK 2,232

$4.10 COP 15.4K

335.12%

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

$315 ISK 39.4K

$306 COP 1.2M

2.97%

International Primary School, 1 Child (Yearly)

$29.9K ISK 3.7M

$5,899 COP 22.2M

406.15%

Jeans (Levis 501 Or Similar)

$139 ISK 17.4K

$59.8 COP 224.9K

133.12%

Summer Dress (H&M, Zara, etc)

$61.0 ISK 7,638

$31.96 COP 120.2K

90.99%

Sport Shoes (Adidas, Nike)

$179 ISK 22.4K

$103 COP 386.2K

74.47%

Men's Leather Business Shoes

$267 ISK 33.4K

$108 COP 405.6K

147.46%

1-bedroom Apartment, City Center (Monthly)

$483 COP 1.8M

1-bedroom Apartment, Outside City Center (Monthly)

$377 COP 1.4M

3-bedroom Apartment, City Center (Monthly)

$822 COP 3.1M

3-bedroom Apartment, Outside City Center (Monthly)

$721 COP 2.7M

Buy Apartment in City Center (m2)

$2,784 COP 10.5M

Buy Apartment Outside City Center (m2)

$1,171 ISK 146.6K

$1,320 COP 5.0M

-11.26%

Average Monthly Net Salary (After Tax)

$538 COP 2.0M

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: March 3, 2026

Last update for Medellin: March 3, 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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