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

😐 Solo nomad: Hafnarfjordur is 195.2% more expensive than Medellin without rent, and 264.9% more expensive with rent.

😐 Family of 3: Hafnarfjordur is 242.9% more expensive than Medellin without rent, and 221% more expensive with rent.

Meal at Budget Restaurant

$26.9 ISK 3,356

$6.23 COP 26K

331.78%

Three-Course Dinner for Two, Mid-Range

$144 ISK 18K

$32.34 COP 134.8K

345.76%

Fast Food Meal (McDonalds, etc)

$16.18 ISK 2,018

$7.39 COP 30.8K

118.94%

Cappuccino

$6.07 ISK 757

$1.72 COP 7,155

252.91%

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

$3.25 ISK 406

$1.1 COP 4,575

195.45%

Water (0.33 liter bottle)

$2.6 ISK 324

$0.73 COP 3,060

256.16%

Local Beer (0.5 liter draught)

$12.95 ISK 1,616

$1.66 COP 6,916

680.12%

Imported Beer (0.33 liter bottle)

$11.27 ISK 1,406

$3.2 COP 13.3K

252.19%

Milk (1 liter)

$1.63 ISK 203

$1.09 COP 4,552

49.54%

White Bread (500g)

$4.17 ISK 520

$1.24 COP 5,188

236.29%

Rice (white) (1kg)

$3.76 ISK 468

$1.33 COP 5,544

182.71%

Eggs

$6.27 ISK 783

$2.22 COP 9,252

182.43%

Local Cheese (1kg)

$17.98 ISK 2,243

$4.55 COP 19K

295.16%

Chicken Fillets (1kg)

$23.93 ISK 2,986

$5.71 COP 23.8K

319.09%

Beef Round Steak (1kg)

$42.77 ISK 5,336

$8.59 COP 35.8K

397.90%

Apples (1kg)

$3.31 ISK 414

$2.26 COP 9,410

46.46%

Banana (1kg)

$2.45 ISK 305

$1.07 COP 4,461

128.97%

Oranges (1kg)

$3.01 ISK 375

$1.51 COP 6,293

99.34%

Tomato (1kg)

$5.09 ISK 635

$1.42 COP 5,911

258.45%

Potato (1kg)

$3.69 ISK 460

$1.11 COP 4,619

232.43%

Onion (1kg)

$2.37 ISK 295

$1.18 COP 4,932

100.85%

Lettuce (1 head)

$3.04 ISK 379

$0.89 COP 3,718

241.57%

Water (1.5 liter bottle)

$1.92 ISK 240

$0.84 COP 3,507

128.57%

Cigarettes 20 Pack (Marlboro, Camel)

$13.9 ISK 1,734

$2.35 COP 9,809

491.49%

Wine (Bottle)

$24.71 ISK 3,083

$9.34 COP 38.9K

164.56%

Local Beer (0.5 liter bottle)

$3.56 ISK 444

$1.18 COP 4,927

201.69%

Imported Beer (0.33 liter bottle)

$3.19 ISK 397

$2.49 COP 10.4K

28.11%

One-way Ticket (Public Transport)

$4.91 ISK 613

$0.83 COP 3,464

491.57%

Public Transport Monthly Pass (Regular Price)

$85.1 ISK 10.6K

$41.9 COP 174.7K

103.08%

Taxi Start (Normal Tariff)

$6.16 ISK 769

$1.41 COP 5,899

336.88%

Taxi (Normal Tariff) (1km)

$2.53 ISK 316

$1.96 COP 8,164

29.08%

Taxi 1hour Waiting (Normal Tariff)

$84.9 ISK 10.6K

$7.85 COP 32.7K

981.27%

Gasoline (1 liter)

$2.54 ISK 317

$1.02 COP 4,265

149.02%

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

$46.9K ISK 5.9M

$17.6K COP 73.4M

166.76%

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

$52.8K ISK 6.6M

$26.2K COP 109.2M

101.33%

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

$67.3 ISK 8,397

$82.5 COP 344.1K

-18.44%

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

$27.38 ISK 3,416

$9.44 COP 39.4K

190.04%

Internet (50+ Mbps, Unlimited Data)

$86 ISK 10.7K

$23.51 COP 98K

265.63%

Gym Membership (Monthly)

$64.2 ISK 8,014

$25.68 COP 107.1K

150.16%

Tennis Court (1 Hour on Weekend)

$19.14 COP 79.8K

Cinema Ticket

$16.58 ISK 2,068

$3.96 COP 16.5K

318.69%

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

$318 ISK 39.7K

$305 COP 1.3M

4.32%

International Primary School, 1 Child (Yearly)

$29.5K ISK 3.7M

$5,925 COP 24.7M

397.99%

Jeans (Levis 501 Or Similar)

$122 ISK 15.2K

$57.9 COP 241.4K

110.79%

Summer Dress (H&M, Zara, etc)

$60.4 ISK 7,532

$31.59 COP 131.7K

91.14%

Sport Shoes (Adidas, Nike)

$119 ISK 14.8K

$103 COP 430.1K

15.08%

Men's Leather Business Shoes

$266 ISK 33.1K

$106 COP 440.5K

151.33%

1-bedroom Apartment, City Center (Monthly)

$2,450 ISK 305.7K

$489 COP 2M

400.71%

1-bedroom Apartment, Outside City Center (Monthly)

$1,972 ISK 246K

$379 COP 1.6M

420.16%

3-bedroom Apartment, City Center (Monthly)

$3,228 ISK 402.7K

$827 COP 3.4M

290.39%

3-bedroom Apartment, Outside City Center (Monthly)

$2,556 ISK 318.8K

$729 COP 3M

250.55%

Buy Apartment in City Center (m2)

$6,999 ISK 873.1K

$2,190 COP 9.1M

219.59%

Buy Apartment Outside City Center (m2)

$6,881 ISK 858.4K

$1,532 COP 6.4M

349.01%

Average Monthly Net Salary (After Tax)

$4,723 ISK 589.2K

$550 COP 2.3M

758.78%

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: October 29, 2025

Last update for Medellin: October 28, 2025

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