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

🙂 Solo nomad: Medellin is 66.5% cheaper than Drangsnes without rent, and 35.8% cheaper with rent.

🙂 Family of 3: Medellin is 60.6% cheaper than Drangsnes without rent, and 46.9% cheaper with rent.

Meal at Budget Restaurant

$6.03 COP 22.8K

$27.44 ISK 3,434

-78.02%

Three-Course Dinner for Two, Mid-Range

$33.17 COP 125.6K

$142 ISK 17.8K

-76.66%

Fast Food Meal (McDonalds, etc)

$7.29 COP 27.6K

$22.81 ISK 2,855

-68.04%

Cappuccino

$1.63 COP 6,170

$6.01 ISK 752

-72.88%

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

$1.05 COP 3,971

$3.26 ISK 408

-67.79%

Water (0.33 liter bottle)

$0.77 COP 2,916

$2.56 ISK 320

-69.92%

Local Beer (0.5 liter draught)

$1.73 COP 6,550

$12.62 ISK 1,580

-86.29%

Imported Beer (0.33 liter bottle)

$3.18 COP 12.0K

$11.04 ISK 1,381

-71.20%

Milk (1 liter)

$1.07 COP 4,040

$1.92 ISK 240

-44.27%

White Bread (500g)

$1.31 COP 4,965

$4.31 ISK 540

-69.61%

Rice (white) (1kg)

$1.38 COP 5,227

$3.70 ISK 464

-62.70%

Eggs

$2.25 COP 8,509

$6.23 ISK 780

-63.88%

Local Cheese (1kg)

$4.48 COP 17.0K

$18.39 ISK 2,301

-75.64%

Chicken Fillets (1kg)

$5.74 COP 21.7K

$24.00 ISK 3,004

-76.08%

Beef Round Steak (1kg)

$8.86 COP 33.6K

$41.82 ISK 5,234

-78.81%

Apples (1kg)

$2.24 COP 8,490

$3.23 ISK 405

-30.65%

Banana (1kg)

$1.06 COP 4,012

$2.54 ISK 318

-58.27%

Oranges (1kg)

$1.51 COP 5,732

$3.02 ISK 377

-50.00%

Tomato (1kg)

$1.36 COP 5,151

$4.93 ISK 617

-72.41%

Potato (1kg)

$1.12 COP 4,244

$3.57 ISK 447

-68.63%

Onion (1kg)

$1.17 COP 4,427

$2.39 ISK 299

-51.05%

Lettuce (1 head)

$0.90 COP 3,416

$3.16 ISK 396

-71.52%

Water (1.5 liter bottle)

$0.84 COP 3,169

$1.91 ISK 239

-56.02%

Cigarettes 20 Pack (Marlboro, Camel)

$2.26 COP 8,553

$13.75 ISK 1,721

-83.56%

Wine (Bottle)

$9.97 COP 37.8K

$24.27 ISK 3,038

-58.92%

Local Beer (0.5 liter bottle)

$1.18 COP 4,479

$3.56 ISK 446

-66.85%

Imported Beer (0.33 liter bottle)

$2.39 COP 9,048

$3.23 ISK 404

-26.01%

One-way Ticket (Public Transport)

$0.86 COP 3,253

Public Transport Monthly Pass (Regular Price)

$41.45 COP 156.9K

Taxi Start (Normal Tariff)

$1.47 COP 5,555

$6.39 ISK 800

-77.00%

Taxi (Normal Tariff) (1km)

$1.95 COP 7,367

$2.54 ISK 318

-23.23%

Taxi 1hour Waiting (Normal Tariff)

$7.76 COP 29.4K

$86.9 ISK 10.9K

-91.07%

Gasoline (1 liter)

$0.97 COP 3,663

$2.48 ISK 311

-60.89%

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

$17.9K COP 68.0M

$47.6K ISK 6.0M

-62.30%

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

$26.7K COP 101.2M

$52.6K ISK 6.6M

-49.16%

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

$81.1 COP 307.1K

$87.2 ISK 10.9K

-6.96%

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

$9.40 COP 35.6K

$27.39 ISK 3,428

-65.68%

Internet (50+ Mbps, Unlimited Data)

$23.61 COP 89.4K

$85.6 ISK 10.7K

-72.42%

Gym Membership (Monthly)

$25.55 COP 96.7K

Tennis Court (1 Hour on Weekend)

$19.29 COP 73.0K

Cinema Ticket

$4.10 COP 15.5K

$17.47 ISK 2,186

-76.53%

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

$306 COP 1.2M

$315 ISK 39.5K

-2.95%

International Primary School, 1 Child (Yearly)

$5,899 COP 22.3M

$29.7K ISK 3.7M

-80.12%

Jeans (Levis 501 Or Similar)

$59.8 COP 226.5K

$139 ISK 17.4K

-56.91%

Summer Dress (H&M, Zara, etc)

$31.96 COP 121.0K

$62.8 ISK 7,860

-49.12%

Sport Shoes (Adidas, Nike)

$103 COP 388.8K

$186 ISK 23.3K

-44.78%

Men's Leather Business Shoes

$108 COP 408.4K

$270 ISK 33.7K

-59.99%

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

$6,007 ISK 751.7K

-91.05%

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: March 3, 2026

Last update for Drangsnes: March 1, 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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