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

😐 Solo nomad: Keflavik is 186.9% more expensive than Medellin without rent, and 175.5% more expensive with rent.

😐 Family of 3: Keflavik is 211.1% more expensive than Medellin without rent, and 165.8% more expensive with rent.

Meal at Budget Restaurant

$23.80 ISK 2,998

$5.97 COP 21.9K

298.66%

Three-Course Dinner for Two, Mid-Range

$143 ISK 18.0K

$32.40 COP 119.0K

342.07%

Fast Food Meal (McDonalds, etc)

$20.37 ISK 2,565

$7.13 COP 26.2K

185.69%

Cappuccino

$4.11 ISK 518

$1.65 COP 6,043

149.09%

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

$3.26 ISK 411

$1.06 COP 3,882

207.55%

Water (0.33 liter bottle)

$2.55 ISK 321

$0.77 COP 2,839

231.17%

Local Beer (0.5 liter draught)

$7.82 ISK 986

$1.75 COP 6,418

346.86%

Imported Beer (0.33 liter bottle)

$8.01 ISK 1,010

$3.06 COP 11.2K

161.76%

Milk (1 liter)

$1.97 ISK 248

$1.10 COP 4,026

79.09%

White Bread (500g)

$4.35 ISK 548

$1.30 COP 4,771

234.62%

Rice (white) (1kg)

$2.39 ISK 301

$1.34 COP 4,905

78.36%

Eggs

$6.34 ISK 799

$2.26 COP 8,299

180.53%

Local Cheese (1kg)

$17.88 ISK 2,253

$4.50 COP 16.5K

297.33%

Chicken Fillets (1kg)

$24.13 ISK 3,040

$5.80 COP 21.3K

316.03%

Beef Round Steak (1kg)

$41.80 ISK 5,266

$8.96 COP 32.9K

366.52%

Apples (1kg)

$2.46 ISK 310

$2.37 COP 8,691

3.80%

Banana (1kg)

$2.39 ISK 301

$1.07 COP 3,939

123.36%

Oranges (1kg)

$2.48 ISK 312

$1.48 COP 5,418

67.57%

Tomato (1kg)

$3.94 ISK 497

$1.36 COP 5,011

189.71%

Potato (1kg)

$3.07 ISK 386

$1.13 COP 4,135

171.68%

Onion (1kg)

$2.12 ISK 267

$1.13 COP 4,161

87.61%

Lettuce (1 head)

$3.19 ISK 401

$0.89 COP 3,274

258.43%

Water (1.5 liter bottle)

$1.95 ISK 245

$0.85 COP 3,114

129.41%

Cigarettes 20 Pack (Marlboro, Camel)

$13.57 ISK 1,709

$2.28 COP 8,361

495.18%

Wine (Bottle)

$15.59 ISK 1,964

$10.15 COP 37.3K

53.60%

Local Beer (0.5 liter bottle)

$3.55 ISK 448

$1.19 COP 4,359

198.32%

Imported Beer (0.33 liter bottle)

$2.85 ISK 359

$2.40 COP 8,828

18.75%

One-way Ticket (Public Transport)

$3.52 ISK 443

$0.84 COP 3,074

319.05%

Public Transport Monthly Pass (Regular Price)

$75.1 ISK 9,462

$40.85 COP 150.0K

83.87%

Taxi Start (Normal Tariff)

$6.28 ISK 791

$1.48 COP 5,417

324.32%

Taxi (Normal Tariff) (1km)

$2.29 ISK 288

$1.89 COP 6,949

21.16%

Taxi 1hour Waiting (Normal Tariff)

$86.9 ISK 10.9K

$8.05 COP 29.5K

979.75%

Gasoline (1 liter)

$2.45 ISK 309

$0.94 COP 3,455

160.64%

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

$46.8K ISK 5.9M

$17.7K COP 65.1M

163.59%

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

$52.5K ISK 6.6M

$26.4K COP 96.8M

99.34%

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

$87.4 ISK 11.0K

$81.9 COP 300.7K

6.67%

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

$27.11 ISK 3,415

$9.54 COP 35.0K

184.17%

Internet (50+ Mbps, Unlimited Data)

$86.0 ISK 10.8K

$23.68 COP 87.0K

262.96%

Gym Membership (Monthly)

$25.85 COP 94.9K

Tennis Court (1 Hour on Weekend)

$18.72 COP 68.7K

Cinema Ticket

$17.32 ISK 2,181

$4.05 COP 14.9K

327.65%

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

$326 ISK 41.1K

$316 COP 1.2M

3.20%

International Primary School, 1 Child (Yearly)

$30.4K ISK 3.8M

$5,971 COP 21.9M

408.40%

Jeans (Levis 501 Or Similar)

$141 ISK 17.8K

$59.0 COP 216.4K

139.81%

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,882

$32.49 COP 119.3K

92.58%

Sport Shoes (Adidas, Nike)

$185 ISK 23.3K

$99.9 COP 366.7K

84.90%

Men's Leather Business Shoes

$188 ISK 23.7K

$108 COP 394.9K

75.26%

1-bedroom Apartment, City Center (Monthly)

$1,870 ISK 235.6K

$491 COP 1.8M

280.50%

1-bedroom Apartment, Outside City Center (Monthly)

$1,302 ISK 164.1K

$371 COP 1.4M

250.93%

3-bedroom Apartment, City Center (Monthly)

$2,438 ISK 307.1K

$821 COP 3.0M

196.79%

3-bedroom Apartment, Outside City Center (Monthly)

$2,042 ISK 257.2K

$731 COP 2.7M

179.30%

Buy Apartment in City Center (m2)

$3,019 COP 11.1M

Buy Apartment Outside City Center (m2)

$1,332 COP 4.9M

Average Monthly Net Salary (After Tax)

$3,649 ISK 459.7K

$517 COP 1.9M

605.86%

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: 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

Similar cities

Dubai

🇦🇪 United Arab Emirates

Toronto

🇨🇦 Canada

Hong Kong

🇭🇰 Hong Kong (China)

Munich

🇩🇪 Germany

Sydney

🇦🇺 Australia

Vancouver

🇨🇦 Canada

Dallas, TX

🇺🇸 United States

Portland, OR

🇺🇸 United States