Cost of Living Comparison Between Hafnarfjordur and Medellin Cost of Living Comparison Between Hafnarfjordur and Medellin

😐 Solo nomad: Hafnarfjordur is 179.5% more expensive than Medellin without rent, and 265.3% more expensive with rent.

😐 Family of 3: Hafnarfjordur is 211.5% more expensive than Medellin without rent, and 214.7% more expensive with rent.

Meal at Budget Restaurant

$27.05 ISK 3,407

$5.97 COP 21.9K

353.10%

Three-Course Dinner for Two, Mid-Range

$144 ISK 18.1K

$32.40 COP 119.0K

343.83%

Fast Food Meal (McDonalds, etc)

$16.33 ISK 2,057

$7.13 COP 26.2K

129.03%

Cappuccino

$6.19 ISK 780

$1.65 COP 6,043

275.15%

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

$3.30 ISK 416

$1.06 COP 3,882

211.32%

Water (0.33 liter bottle)

$2.52 ISK 317

$0.77 COP 2,839

227.27%

Local Beer (0.5 liter draught)

$12.82 ISK 1,615

$1.75 COP 6,418

632.57%

Imported Beer (0.33 liter bottle)

$11.18 ISK 1,409

$3.06 COP 11.2K

265.36%

Milk (1 liter)

$1.64 ISK 207

$1.10 COP 4,026

49.09%

White Bread (500g)

$4.25 ISK 536

$1.30 COP 4,771

226.92%

Rice (white) (1kg)

$3.61 ISK 455

$1.34 COP 4,905

169.40%

Eggs

$6.53 ISK 822

$2.26 COP 8,299

188.94%

Local Cheese (1kg)

$18.48 ISK 2,328

$4.50 COP 16.5K

310.67%

Chicken Fillets (1kg)

$24.11 ISK 3,038

$5.80 COP 21.3K

315.69%

Beef Round Steak (1kg)

$42.19 ISK 5,315

$8.96 COP 32.9K

370.87%

Apples (1kg)

$3.24 ISK 408

$2.37 COP 8,691

36.71%

Banana (1kg)

$2.46 ISK 310

$1.07 COP 3,939

129.91%

Oranges (1kg)

$2.99 ISK 377

$1.48 COP 5,418

102.03%

Tomato (1kg)

$5.09 ISK 641

$1.36 COP 5,011

274.26%

Potato (1kg)

$3.57 ISK 449

$1.13 COP 4,135

215.93%

Onion (1kg)

$2.33 ISK 293

$1.13 COP 4,161

106.19%

Lettuce (1 head)

$3.10 ISK 390

$0.89 COP 3,274

248.31%

Water (1.5 liter bottle)

$2.03 ISK 255

$0.85 COP 3,114

138.82%

Cigarettes 20 Pack (Marlboro, Camel)

$13.49 ISK 1,699

$2.28 COP 8,361

491.67%

Wine (Bottle)

$24.10 ISK 3,036

$10.15 COP 37.3K

137.44%

Local Beer (0.5 liter bottle)

$3.62 ISK 456

$1.19 COP 4,359

204.20%

Imported Beer (0.33 liter bottle)

$3.23 ISK 407

$2.40 COP 8,828

34.58%

One-way Ticket (Public Transport)

$5.17 ISK 652

$0.84 COP 3,074

515.48%

Public Transport Monthly Pass (Regular Price)

$83.4 ISK 10.5K

$40.85 COP 150.0K

104.26%

Taxi Start (Normal Tariff)

$6.17 ISK 777

$1.48 COP 5,417

316.89%

Taxi (Normal Tariff) (1km)

$2.64 ISK 332

$1.89 COP 6,949

39.68%

Taxi 1hour Waiting (Normal Tariff)

$86.5 ISK 10.9K

$8.05 COP 29.5K

974.29%

Gasoline (1 liter)

$2.48 ISK 313

$0.94 COP 3,455

163.83%

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

$46.5K ISK 5.9M

$17.7K COP 65.1M

161.84%

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

$52.8K ISK 6.7M

$26.4K COP 96.8M

100.49%

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

$67.5 ISK 8,507

$81.9 COP 300.7K

-17.54%

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

$27.42 ISK 3,454

$9.54 COP 35.0K

187.42%

Internet (50+ Mbps, Unlimited Data)

$85.3 ISK 10.7K

$23.68 COP 87.0K

260.01%

Gym Membership (Monthly)

$63.7 ISK 8,026

$25.85 COP 94.9K

146.46%

Tennis Court (1 Hour on Weekend)

$18.72 COP 68.7K

Cinema Ticket

$16.37 ISK 2,063

$4.05 COP 14.9K

304.20%

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

$316 ISK 39.8K

$316 COP 1.2M

0.14%

International Primary School, 1 Child (Yearly)

$29.8K ISK 3.7M

$5,971 COP 21.9M

398.47%

Jeans (Levis 501 Or Similar)

$120 ISK 15.1K

$59.0 COP 216.4K

103.51%

Summer Dress (H&M, Zara, etc)

$61.8 ISK 7,784

$32.49 COP 119.3K

90.18%

Sport Shoes (Adidas, Nike)

$122 ISK 15.3K

$99.9 COP 366.7K

21.67%

Men's Leather Business Shoes

$265 ISK 33.4K

$108 COP 394.9K

146.85%

1-bedroom Apartment, City Center (Monthly)

$2,373 ISK 299.0K

$491 COP 1.8M

382.89%

1-bedroom Apartment, Outside City Center (Monthly)

$2,041 ISK 257.1K

$371 COP 1.4M

449.86%

3-bedroom Apartment, City Center (Monthly)

$3,241 ISK 408.3K

$821 COP 3.0M

294.63%

3-bedroom Apartment, Outside City Center (Monthly)

$2,555 ISK 321.8K

$731 COP 2.7M

249.41%

Buy Apartment in City Center (m2)

$6,838 ISK 861.3K

$3,019 COP 11.1M

126.46%

Buy Apartment Outside City Center (m2)

$6,703 ISK 844.4K

$1,332 COP 4.9M

403.18%

Average Monthly Net Salary (After Tax)

$4,521 ISK 569.5K

$517 COP 1.9M

774.41%

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 Hafnarfjordur: January 11, 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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