Cost of Living Comparison Between Medellin and Drangsnes Cost of Living Comparison Between Medellin and Drangsnes

🙂 Solo nomad: Medellin is 67% cheaper than Drangsnes without rent, and 36.2% cheaper with rent.

🙂 Family of 3: Medellin is 61.4% cheaper than Drangsnes without rent, and 46.4% cheaper with rent.

Meal at Budget Restaurant

$5.97 COP 21.9K

$27.39 ISK 3,451

-78.20%

Three-Course Dinner for Two, Mid-Range

$32.40 COP 119.0K

$144 ISK 18.1K

-77.51%

Fast Food Meal (McDonalds, etc)

$7.13 COP 26.2K

$22.70 ISK 2,859

-68.59%

Cappuccino

$1.65 COP 6,043

$5.93 ISK 747

-72.18%

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

$1.06 COP 3,882

$3.30 ISK 415

-67.88%

Water (0.33 liter bottle)

$0.77 COP 2,839

$2.54 ISK 320

-69.69%

Local Beer (0.5 liter draught)

$1.75 COP 6,418

$12.88 ISK 1,623

-86.41%

Imported Beer (0.33 liter bottle)

$3.06 COP 11.2K

$11.16 ISK 1,406

-72.58%

Milk (1 liter)

$1.10 COP 4,026

$1.89 ISK 239

-41.80%

White Bread (500g)

$1.30 COP 4,771

$4.23 ISK 533

-69.27%

Rice (white) (1kg)

$1.34 COP 4,905

$3.74 ISK 471

-64.17%

Eggs

$2.26 COP 8,299

$6.24 ISK 786

-63.78%

Local Cheese (1kg)

$4.50 COP 16.5K

$18.36 ISK 2,312

-75.49%

Chicken Fillets (1kg)

$5.80 COP 21.3K

$23.65 ISK 2,979

-75.48%

Beef Round Steak (1kg)

$8.96 COP 32.9K

$42.48 ISK 5,352

-78.91%

Apples (1kg)

$2.37 COP 8,691

$3.32 ISK 419

-28.61%

Banana (1kg)

$1.07 COP 3,939

$2.53 ISK 319

-57.71%

Oranges (1kg)

$1.48 COP 5,418

$3.09 ISK 390

-52.10%

Tomato (1kg)

$1.36 COP 5,011

$4.98 ISK 627

-72.69%

Potato (1kg)

$1.13 COP 4,135

$3.54 ISK 446

-68.08%

Onion (1kg)

$1.13 COP 4,161

$2.44 ISK 307

-53.69%

Lettuce (1 head)

$0.89 COP 3,274

$3.17 ISK 399

-71.92%

Water (1.5 liter bottle)

$0.85 COP 3,114

$1.91 ISK 241

-55.50%

Cigarettes 20 Pack (Marlboro, Camel)

$2.28 COP 8,361

$13.42 ISK 1,691

-83.01%

Wine (Bottle)

$10.15 COP 37.3K

$24.23 ISK 3,052

-58.11%

Local Beer (0.5 liter bottle)

$1.19 COP 4,359

$3.55 ISK 448

-66.48%

Imported Beer (0.33 liter bottle)

$2.40 COP 8,828

$3.23 ISK 407

-25.70%

One-way Ticket (Public Transport)

$0.84 COP 3,074

Public Transport Monthly Pass (Regular Price)

$40.85 COP 150.0K

Taxi Start (Normal Tariff)

$1.48 COP 5,417

$6.25 ISK 788

-76.32%

Taxi (Normal Tariff) (1km)

$1.89 COP 6,949

$2.52 ISK 317

-25.00%

Taxi 1hour Waiting (Normal Tariff)

$8.05 COP 29.5K

$85.2 ISK 10.7K

-90.56%

Gasoline (1 liter)

$0.94 COP 3,455

$2.54 ISK 320

-62.99%

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

$17.7K COP 65.1M

$47.5K ISK 6.0M

-62.65%

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

$26.4K COP 96.8M

$52.2K ISK 6.6M

-49.54%

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

$81.9 COP 300.7K

$88.1 ISK 11.1K

-7.00%

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

$9.54 COP 35.0K

$27.75 ISK 3,496

-65.62%

Internet (50+ Mbps, Unlimited Data)

$23.68 COP 87.0K

$85.1 ISK 10.7K

-72.18%

Gym Membership (Monthly)

$25.85 COP 94.9K

Tennis Court (1 Hour on Weekend)

$18.72 COP 68.7K

Cinema Ticket

$4.05 COP 14.9K

$17.38 ISK 2,189

-76.70%

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

$316 COP 1.2M

$328 ISK 41.3K

-3.56%

International Primary School, 1 Child (Yearly)

$5,971 COP 21.9M

$30.4K ISK 3.8M

-80.33%

Jeans (Levis 501 Or Similar)

$59.0 COP 216.4K

$142 ISK 17.8K

-58.35%

Summer Dress (H&M, Zara, etc)

$32.49 COP 119.3K

$62.6 ISK 7,887

-48.11%

Sport Shoes (Adidas, Nike)

$99.9 COP 366.7K

$183 ISK 23.0K

-45.30%

Men's Leather Business Shoes

$108 COP 394.9K

$264 ISK 33.2K

-59.23%

1-bedroom Apartment, City Center (Monthly)

$491 COP 1.8M

1-bedroom Apartment, Outside City Center (Monthly)

$371 COP 1.4M

3-bedroom Apartment, City Center (Monthly)

$821 COP 3.0M

3-bedroom Apartment, Outside City Center (Monthly)

$731 COP 2.7M

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)

$517 COP 1.9M

$5,980 ISK 753.3K

-91.35%

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

9.63

39.46%

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

Last update for Medellin: January 12, 2026

Last update for Drangsnes: January 11, 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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