Cost of Living Comparison Between Medellin and Bakkafjordur Cost of Living Comparison Between Medellin and Bakkafjordur

😐 Solo nomad: Medellin is 128.8% more expensive than Bakkafjordur without rent, and 321% more expensive with rent.

😐 Family of 3: Medellin is 136.4% more expensive than Bakkafjordur without rent, and 263.2% more expensive with rent.

Meal at Budget Restaurant

$6.03 COP 22.9K

Three-Course Dinner for Two, Mid-Range

$33.17 COP 125.7K

Fast Food Meal (McDonalds, etc)

$7.29 COP 27.6K

Cappuccino

$1.63 COP 6,174

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

$1.05 COP 3,974

Water (0.33 liter bottle)

$0.77 COP 2,918

Local Beer (0.5 liter draught)

$1.73 COP 6,554

Imported Beer (0.33 liter bottle)

$3.18 COP 12.0K

Milk (1 liter)

$1.07 COP 4,043

White Bread (500g)

$1.31 COP 4,968

$2.26 ISK 280

-42.04%

Rice (white) (1kg)

$1.38 COP 5,230

$2.18 ISK 271

-36.70%

Eggs

$2.25 COP 8,515

$4.94 ISK 613

-54.45%

Local Cheese (1kg)

$4.48 COP 17.0K

$8.72 ISK 1,084

-48.62%

Chicken Fillets (1kg)

$5.74 COP 21.7K

$11.03 ISK 1,371

-47.96%

Beef Round Steak (1kg)

$8.86 COP 33.6K

$11.16 ISK 1,387

-20.61%

Apples (1kg)

$2.24 COP 8,496

$2.26 ISK 281

-0.88%

Banana (1kg)

$1.06 COP 4,015

$2.24 ISK 279

-52.68%

Oranges (1kg)

$1.51 COP 5,736

$2.18 ISK 271

-30.73%

Tomato (1kg)

$1.36 COP 5,154

$2.14 ISK 266

-36.45%

Potato (1kg)

$1.12 COP 4,247

$2.24 ISK 279

-50.00%

Onion (1kg)

$1.17 COP 4,430

$2.14 ISK 266

-45.33%

Lettuce (1 head)

$0.90 COP 3,418

$0.99 ISK 123

-9.09%

Water (1.5 liter bottle)

$0.84 COP 3,171

$2.02 ISK 250

-58.42%

Cigarettes 20 Pack (Marlboro, Camel)

$2.26 COP 8,559

Wine (Bottle)

$9.97 COP 37.8K

Local Beer (0.5 liter bottle)

$1.18 COP 4,482

Imported Beer (0.33 liter bottle)

$2.39 COP 9,054

One-way Ticket (Public Transport)

$0.86 COP 3,255

Public Transport Monthly Pass (Regular Price)

$41.45 COP 157.1K

Taxi Start (Normal Tariff)

$1.47 COP 5,559

Taxi (Normal Tariff) (1km)

$1.95 COP 7,372

Taxi 1hour Waiting (Normal Tariff)

$7.76 COP 29.4K

Gasoline (1 liter)

$0.97 COP 3,665

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

$17.9K COP 68.0M

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

$26.7K COP 101.2M

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

$81.1 COP 307.3K

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

$9.40 COP 35.6K

Internet (50+ Mbps, Unlimited Data)

$23.61 COP 89.4K

Gym Membership (Monthly)

$25.55 COP 96.8K

Tennis Court (1 Hour on Weekend)

$19.29 COP 73.1K

Cinema Ticket

$4.10 COP 15.5K

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

$306 COP 1.2M

International Primary School, 1 Child (Yearly)

$5,899 COP 22.3M

Jeans (Levis 501 Or Similar)

$59.8 COP 226.6K

Summer Dress (H&M, Zara, etc)

$31.96 COP 121.1K

Sport Shoes (Adidas, Nike)

$103 COP 389.1K

Men's Leather Business Shoes

$108 COP 408.7K

1-bedroom Apartment, City Center (Monthly)

$483 COP 1.8M

1-bedroom Apartment, Outside City Center (Monthly)

$377 COP 1.4M

3-bedroom Apartment, City Center (Monthly)

$822 COP 3.1M

3-bedroom Apartment, Outside City Center (Monthly)

$721 COP 2.7M

Buy Apartment in City Center (m2)

$2,784 COP 10.5M

Buy Apartment Outside City Center (m2)

$1,320 COP 5.0M

Average Monthly Net Salary (After Tax)

$538 COP 2.0M

$5,875 ISK 730.1K

-90.85%

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 Medellin: March 3, 2026

Last update for Bakkafjordur: March 2, 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

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