Cost of Living Comparison Between Hallormsstadur and Medellin Cost of Living Comparison Between Hallormsstadur and Medellin

Meal at Budget Restaurant

$5.92 COP 21.4K

Three-Course Dinner for Two, Mid-Range

$32.75 COP 118.2K

Fast Food Meal (McDonalds, etc)

$7.20 COP 26.0K

Cappuccino

$1.70 COP 6,140

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

$1.10 COP 3,966

Water (0.33 liter bottle)

$0.72 COP 2,605

Local Beer (0.5 liter draught)

$1.67 COP 6,022

Imported Beer (0.33 liter bottle)

$3.10 COP 11.2K

Milk (1 liter)

$1.06 COP 3,809

White Bread (500g)

$1.25 COP 4,497

Rice (white) (1kg)

$1.39 COP 5,022

Eggs

$2.26 COP 8,168

Local Cheese (1kg)

$4.33 COP 15.6K

Chicken Fillets (1kg)

$5.84 COP 21.1K

Beef Round Steak (1kg)

$8.83 COP 31.9K

Apples (1kg)

$2.24 COP 8,099

Banana (1kg)

$1.08 COP 3,882

Oranges (1kg)

$1.53 COP 5,522

Tomato (1kg)

$1.37 COP 4,950

Potato (1kg)

$1.13 COP 4,078

Onion (1kg)

$1.12 COP 4,036

Lettuce (1 head)

$0.85 COP 3,057

Water (1.5 liter bottle)

$0.91 COP 3,281

Cigarettes 20 Pack (Marlboro, Camel)

$2.33 COP 8,414

Wine (Bottle)

$11.13 COP 40.2K

Local Beer (0.5 liter bottle)

$1.19 COP 4,309

Imported Beer (0.33 liter bottle)

$2.37 COP 8,553

One-way Ticket (Public Transport)

$0.79 COP 2,838

Public Transport Monthly Pass (Regular Price)

$41.13 COP 148.5K

Taxi Start (Normal Tariff)

$1.44 COP 5,184

Taxi (Normal Tariff) (1km)

$1.91 COP 6,901

Taxi 1hour Waiting (Normal Tariff)

$8.02 COP 28.9K

Gasoline (1 liter)

$0.94 COP 3,385

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

$17.9K COP 64.7M

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

$26.8K COP 96.7M

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

$84.0 COP 303.1K

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

$9.60 COP 34.7K

Internet (50+ Mbps, Unlimited Data)

$24.16 COP 87.2K

Gym Membership (Monthly)

$25.88 COP 93.4K

Tennis Court (1 Hour on Weekend)

$19.04 COP 68.7K

Cinema Ticket

$3.92 COP 14.1K

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

$306 COP 1.1M

International Primary School, 1 Child (Yearly)

$5,919 COP 21.4M

Jeans (Levis 501 Or Similar)

$57.9 COP 209.1K

Summer Dress (H&M, Zara, etc)

$31.82 COP 114.9K

Sport Shoes (Adidas, Nike)

$99.9 COP 360.6K

Men's Leather Business Shoes

$107 COP 386.8K

1-bedroom Apartment, City Center (Monthly)

$487 COP 1.8M

1-bedroom Apartment, Outside City Center (Monthly)

$368 COP 1.3M

3-bedroom Apartment, City Center (Monthly)

$826 COP 3.0M

3-bedroom Apartment, Outside City Center (Monthly)

$716 COP 2.6M

Buy Apartment in City Center (m2)

$2,925 COP 10.6M

Buy Apartment Outside City Center (m2)

$1,407 COP 5.1M

Average Monthly Net Salary (After Tax)

$546 COP 2.0M

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

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

Last update for Hallormsstadur: April 27, 2026

Last update for Medellin: April 27, 2026

City Median Internet Speeds Comparison (Updated April 2026)

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

Digital Nomad Cost of Living Index

Hallormsstadur vs Medellin: Cost of Living - Frequently Asked Questions

For families, Hallormsstadur is more practical. Housing and childcare are both notably cheaper than in Medellin, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Hallormsstadur and Medellin are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

It comes down to priorities – Hallormsstadur wins on affordability, Medellin on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.