Cost of Living Comparison Between Keflavik and Medellin Cost of Living Comparison Between Keflavik and Medellin

😐 Solo nomad: Keflavik is 185.8% more expensive than Medellin without rent, and 184.8% more expensive with rent.

😐 Family of 3: Keflavik is 192.3% more expensive than Medellin without rent, and 180.8% more expensive with rent.

Meal at Budget Restaurant

$24.08 ISK 3,004

$6.23 COP 26K

286.52%

Three-Course Dinner for Two, Mid-Range

$144 ISK 18K

$32.34 COP 134.8K

344.93%

Fast Food Meal (McDonalds, etc)

$20.26 ISK 2,528

$7.39 COP 30.8K

174.15%

Cappuccino

$4.01 ISK 500

$1.72 COP 7,155

133.14%

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

$3.14 ISK 391

$1.1 COP 4,575

185.45%

Water (0.33 liter bottle)

$2.61 ISK 326

$0.73 COP 3,060

257.53%

Local Beer (0.5 liter draught)

$7.94 ISK 990

$1.66 COP 6,916

378.31%

Imported Beer (0.33 liter bottle)

$8.01 ISK 1,000

$3.2 COP 13.3K

150.31%

Milk (1 liter)

$1.88 ISK 234

$1.09 COP 4,552

72.48%

White Bread (500g)

$4.31 ISK 537

$1.24 COP 5,188

247.58%

Rice (white) (1kg)

$2.37 ISK 296

$1.33 COP 5,544

78.20%

Eggs

$6.12 ISK 764

$2.22 COP 9,252

175.68%

Local Cheese (1kg)

$18.3 ISK 2,283

$4.55 COP 19K

302.20%

Chicken Fillets (1kg)

$23.39 ISK 2,917

$5.71 COP 23.8K

309.63%

Beef Round Steak (1kg)

$41.94 ISK 5,232

$8.59 COP 35.8K

388.24%

Apples (1kg)

$2.45 ISK 306

$2.26 COP 9,410

8.41%

Banana (1kg)

$2.48 ISK 309

$1.07 COP 4,461

131.78%

Oranges (1kg)

$2.44 ISK 305

$1.51 COP 6,293

61.59%

Tomato (1kg)

$3.94 ISK 491

$1.42 COP 5,911

177.46%

Potato (1kg)

$3.15 ISK 393

$1.11 COP 4,619

183.78%

Onion (1kg)

$2.06 ISK 257

$1.18 COP 4,932

74.58%

Lettuce (1 head)

$3.17 ISK 396

$0.89 COP 3,718

256.18%

Water (1.5 liter bottle)

$1.91 ISK 239

$0.84 COP 3,507

127.38%

Cigarettes 20 Pack (Marlboro, Camel)

$13.46 ISK 1,680

$2.35 COP 9,809

472.77%

Wine (Bottle)

$16.37 ISK 2,042

$9.34 COP 38.9K

75.27%

Local Beer (0.5 liter bottle)

$3.64 ISK 454

$1.18 COP 4,927

208.47%

Imported Beer (0.33 liter bottle)

$2.77 ISK 346

$2.49 COP 10.4K

11.24%

One-way Ticket (Public Transport)

$3.7 ISK 461

$0.83 COP 3,464

345.78%

Public Transport Monthly Pass (Regular Price)

$74.4 ISK 9,282

$41.9 COP 174.7K

77.59%

Taxi Start (Normal Tariff)

$6.28 ISK 783

$1.41 COP 5,899

345.39%

Taxi (Normal Tariff) (1km)

$2.36 ISK 294

$1.96 COP 8,164

20.41%

Taxi 1hour Waiting (Normal Tariff)

$87.6 ISK 10.9K

$7.85 COP 32.7K

1016.18%

Gasoline (1 liter)

$2.48 ISK 310

$1.02 COP 4,265

143.14%

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

$47.5K ISK 5.9M

$17.6K COP 73.4M

170.04%

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

$52.5K ISK 6.6M

$26.2K COP 109.2M

100.44%

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

$86.6 ISK 10.8K

$82.5 COP 344.1K

4.90%

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

$27.89 ISK 3,479

$9.44 COP 39.4K

195.44%

Internet (50+ Mbps, Unlimited Data)

$84.8 ISK 10.6K

$23.51 COP 98K

260.87%

Gym Membership (Monthly)

$25.68 COP 107.1K

Tennis Court (1 Hour on Weekend)

$19.14 COP 79.8K

Cinema Ticket

$17.59 ISK 2,194

$3.96 COP 16.5K

344.19%

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

$326 ISK 40.7K

$305 COP 1.3M

7.00%

International Primary School, 1 Child (Yearly)

$29.7K ISK 3.7M

$5,925 COP 24.7M

401.54%

Jeans (Levis 501 Or Similar)

$138 ISK 17.2K

$57.9 COP 241.4K

138.08%

Summer Dress (H&M, Zara, etc)

$61.2 ISK 7,638

$31.59 COP 131.7K

93.80%

Sport Shoes (Adidas, Nike)

$186 ISK 23.2K

$103 COP 430.1K

79.91%

Men's Leather Business Shoes

$184 ISK 22.9K

$106 COP 440.5K

73.91%

1-bedroom Apartment, City Center (Monthly)

$1,854 ISK 231.3K

$489 COP 2M

278.84%

1-bedroom Apartment, Outside City Center (Monthly)

$1,347 ISK 168.1K

$379 COP 1.6M

255.45%

3-bedroom Apartment, City Center (Monthly)

$2,480 ISK 309.4K

$827 COP 3.4M

199.92%

3-bedroom Apartment, Outside City Center (Monthly)

$1,978 ISK 246.7K

$729 COP 3M

171.24%

Buy Apartment in City Center (m2)

$2,190 COP 9.1M

Buy Apartment Outside City Center (m2)

$1,532 COP 6.4M

Average Monthly Net Salary (After Tax)

$3,802 ISK 474.4K

$550 COP 2.3M

591.37%

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 Keflavik: October 28, 2025

Last update for Medellin: October 28, 2025

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