Last update: Nov 2026

Cost of Living Comparison Between Hella and Medellin

For one person, living costs are similar in Hella and in Medellin: $1,723 and $1,692 a month, rent and utilities included.

82

Cost of Living Index in Hella
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Hella Living Index
80

Cost of Living Index in Medellin
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Medellin Living Index

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Hella

🇮🇸 Iceland

$1,723

/mo nomad

Medellin

🇨🇴 Colombia

$1,692

/mo nomad

Monthly Cost of Living

How much you'll spend in Hella and in Medellin

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Hella and in Medellin actually costs, broken down by who's living it.

A single person spends $1,723 per month in Hella vs $1,692 in Medellin, rent included.

Hella $1,723
Medellin $1,692

A couple spends around $2,927 per month in Hella vs $2,471 in Medellin, rent included.

Hella $2,927
Medellin $2,471

A family of three spends $4,131 per month in Hella vs $3,249 in Medellin, rent included.

Hella $4,131
Medellin $3,249

Hella and Medellin have comparable living costs – the differences are in the details.

Both Hella and Medellin sit above the global median – Hella by 27%, Medellin by 25%.

Meal at Budget Restaurant

$31.22 ISK 3,790

$8.34 COP 26.9K

274.34%

Three-Course Dinner for Two, Mid-Range

$121 ISK 14.7K

$46.53 COP 150.2K

160.86%

Fast Food Meal (McDonalds, etc)

$27.24 ISK 3,307

$9.47 COP 30.6K

187.65%

Cappuccino

$6.89 ISK 836

$3.13 COP 10.1K

120.13%

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

$3.25 ISK 395

$1.77 COP 5,702

83.62%

Water (0.33 liter bottle)

$3.08 ISK 374

$1.42 COP 4,599

116.90%

Local Beer (0.5 liter draught)

$14.16 ISK 1,719

$3.15 COP 10.2K

349.52%

Imported Beer (0.33 liter bottle)

$12.30 ISK 1,493

$5.70 COP 18.4K

115.79%

Milk (1 liter)

$2.00 ISK 243

$1.53 COP 4,948

30.72%

White Bread (500g)

$4.30 ISK 522

$2.29 COP 7,397

87.77%

Rice (white) (1kg)

$3.66 ISK 444

$1.94 COP 6,279

88.66%

Eggs

$7.27 ISK 883

$3.07 COP 9,900

136.81%

Local Cheese (1kg)

$21.85 ISK 2,652

$9.99 COP 32.3K

118.72%

Chicken Fillets (1kg)

$24.10 ISK 2,925

$10.45 COP 33.7K

130.62%

Beef Round Steak (1kg)

$41.15 ISK 4,995

$13.96 COP 45.1K

194.77%

Apples (1kg)

$3.36 ISK 408

$4.05 COP 13.1K

-17.04%

Banana (1kg)

$2.83 ISK 343

$1.53 COP 4,934

84.97%

Oranges (1kg)

$3.21 ISK 390

$2.10 COP 6,794

52.86%

Tomato (1kg)

$6.56 ISK 797

$2.29 COP 7,405

186.46%

Potato (1kg)

$3.91 ISK 475

$2.11 COP 6,810

85.31%

Onion (1kg)

$1.69 ISK 205

$1.71 COP 5,518

-1.17%

Lettuce (1 head)

$3.64 ISK 442

$1.17 COP 3,778

211.11%

Water (1.5 liter bottle)

$1.83 ISK 223

$1.58 COP 5,101

15.82%

Cigarettes 20 Pack (Marlboro, Camel)

$13.97 ISK 1,696

$3.91 COP 12.6K

257.29%

Wine (Bottle)

$23.32 ISK 2,832

$14.04 COP 45.3K

66.10%

Local Beer (0.5 liter bottle)

$3.66 ISK 445

$1.76 COP 5,688

107.95%

Imported Beer (0.33 liter bottle)

$3.49 ISK 423

$2.71 COP 8,756

28.78%

One-way Ticket (Public Transport)

$1.18 COP 3,809

Public Transport Monthly Pass (Regular Price)

$76.3 COP 246.3K

Taxi Start (Normal Tariff)

$6.76 ISK 821

$1.81 COP 5,833

273.48%

Taxi (Normal Tariff) (1km)

$2.75 ISK 333

$2.13 COP 6,874

29.11%

Taxi 1hour Waiting (Normal Tariff)

$80.8 ISK 9,805

$8.13 COP 26.3K

893.48%

Gasoline (1 liter)

$2.10 ISK 255

$1.28 COP 4,117

64.06%

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

$67.9K ISK 8.2M

$34.4K COP 111.2M

97.04%

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

$56.3K ISK 6.8M

$34.1K COP 110.2M

64.81%

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

$96.8 ISK 11.8K

$178 COP 573.8K

-45.52%

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

$32.49 ISK 3,944

$13.89 COP 44.8K

133.91%

Internet (50+ Mbps, Unlimited Data)

$85.0 ISK 10.3K

$30.74 COP 99.2K

176.64%

Gym Membership (Monthly)

$41.94 COP 135.4K

Tennis Court (1 Hour on Weekend)

$16.80 COP 54.2K

Cinema Ticket

$19.81 ISK 2,405

$7.47 COP 24.1K

165.19%

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

$1,205 ISK 146.3K

$790 COP 2.6M

52.50%

International Primary School, 1 Child (Yearly)

$25.4K ISK 3.1M

$12.3K COP 39.7M

106.81%

Jeans (Levis 501 Or Similar)

$150 ISK 18.2K

$86.3 COP 278.7K

73.85%

Summer Dress (H&M, Zara, etc)

$66.8 ISK 8,105

$59.3 COP 191.3K

12.66%

Sport Shoes (Adidas, Nike)

$185 ISK 22.4K

$138 COP 446.6K

33.66%

Men's Leather Business Shoes

$252 ISK 30.6K

$98.8 COP 319.0K

154.92%

1-bedroom Apartment, City Center (Monthly)

$1,341 COP 4.3M

1-bedroom Apartment, Outside City Center (Monthly)

$667 COP 2.2M

3-bedroom Apartment, City Center (Monthly)

$1,976 COP 6.4M

3-bedroom Apartment, Outside City Center (Monthly)

$1,033 COP 3.3M

Buy Apartment in City Center (m2)

$4,098 COP 13.2M

Buy Apartment Outside City Center (m2)

$1,940 COP 6.3M

Average Monthly Net Salary (After Tax)

$646 COP 2.1M

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

10.94

-19.47%

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

Last update for Hella: November 2, 2026

Last update for Medellin: November 2, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Groceries & Markets

Hella

$619 35.9%

Medellin

$307 18.2% 50.4% $312

Eating Out

Hella

$535 31.1%

Medellin

$173 10.2% 67.7% $362

Clothing & Footwear

Hella

$294 17.1%

Medellin

$172 10.2% 41.4% $122

Monthly Utilities & Internet

Hella

$214 12.4%

Medellin

$222 13.1% 3.7% $8

Sport & Entertainment

Hella

$40 * 2.3%

Medellin

$57 3.4% 43.6% $17

Getting Around

Hella

$20 * 1.2%

Medellin

$93 5.5% 356% $73

Accommodation & Living

Hella

- * 0%

Medellin

$667 39.4%

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A mid-range dinner for two costs $121 in Hella versus $47 in Medellin. Monthly groceries follow the same trend: $619 vs $307 – making Medellin the more affordable choice for daily food spending.

Good to know

🇮🇸 Hella

🇨🇴 Medellin

🕒 Local time

05:49 5:49 AM

00:49 12:49 AM

5 h behind Hella

🌤 Weather

👥 Population

900

2,486,723

💱 Currency

Icelandic Króna ISK kr

Colombian Peso COP $

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.37 EUR

10,000 COP = 3.1 USD

10,000 COP = 2.77 EUR

Exchange rates and currency converter

COP, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of November 4, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.37 EUR).

Colombian Peso exchange rates as of November 4, 2026: 1 USD = 3,229 COP (10,000 COP = 3.1 USD). 1 EUR = 3,610 COP (10,000 COP = 2.77 EUR).

USD to ISK in detail →

On the map

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Between locations

Hella Medellin 7,740 km ≈ 10 h nonstop flight

From you

Hella
Medellin

Distances are measured in a straight line. Your location is detected approximately.

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

Hella vs Medellin: Cost of Living - Frequently Asked Questions

For a comfortable life, plan on about $2,584 per month in Hella and $2,538 in Medellin. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Kindergarten costs $1,205 per month in Hella and $790 in Medellin. For families with young kids, this one expense can tip the scales when choosing between the two cities.

Groceries cost about 101% more in Hella, though the gap depends on what you buy.

$2,500 covers both cities comfortably – all-in costs are $1,723 in Hella and $1,692 in Medellin, leaving budget for savings and extras in both cases.

It depends on your priorities. Medellin has an edge in some lifestyle areas, with costs from $1,692 in Medellin to $1,723 in Hella. Climate, culture, job market, and personal taste all factor in.