Last update: Nov 2026

Cost of Living Comparison Between Medellin and Drangsnes

For one person, living costs are similar in Medellin and in Drangsnes: $1,692 and $1,726 a month, rent and utilities included.

80

Cost of Living Index in Medellin
Learn more

Medellin Living Index
82

Cost of Living Index in Drangsnes
Learn more

Drangsnes Living Index

Jump to prices

Medellin

🇨🇴 Colombia

$1,692

/mo nomad

Drangsnes

🇮🇸 Iceland

$1,726

/mo nomad

Monthly Cost of Living

How much you'll spend in Medellin and in Drangsnes

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Medellin and in Drangsnes actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,692 in Medellin versus $1,726 in Drangsnes.

Medellin $1,692
Drangsnes $1,726

Estimated couple costs with rent: $2,471 in Medellin versus $2,935 in Drangsnes.

Medellin $2,471
Drangsnes $2,935

Monthly costs for a family of three with rent: $3,249 in Medellin versus $4,144 in Drangsnes.

Medellin $3,249
Drangsnes $4,144

Monthly costs are close between Medellin and Drangsnes; which city is cheaper depends on the spending category.

Both cities are pricier than the global median: Medellin 25% above, Drangsnes 28% above.

Meal at Budget Restaurant

$8.34 COP 27.0K

$31.74 ISK 3,856

-73.72%

Three-Course Dinner for Two, Mid-Range

$46.53 COP 150.9K

$122 ISK 14.9K

-62.00%

Fast Food Meal (McDonalds, etc)

$9.47 COP 30.7K

$26.90 ISK 3,268

-64.80%

Cappuccino

$3.13 COP 10.2K

$6.91 ISK 840

-54.70%

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

$1.77 COP 5,728

$3.41 ISK 414

-48.09%

Water (0.33 liter bottle)

$1.42 COP 4,620

$3.15 ISK 383

-54.92%

Local Beer (0.5 liter draught)

$3.15 COP 10.2K

$14.01 ISK 1,702

-77.52%

Imported Beer (0.33 liter bottle)

$5.70 COP 18.5K

$12.12 ISK 1,473

-52.97%

Milk (1 liter)

$1.53 COP 4,971

$2.12 ISK 257

-27.83%

White Bread (500g)

$2.29 COP 7,431

$4.23 ISK 514

-45.86%

Rice (white) (1kg)

$1.94 COP 6,308

$3.65 ISK 444

-46.85%

Eggs

$3.07 COP 9,945

$6.96 ISK 845

-55.89%

Local Cheese (1kg)

$9.99 COP 32.4K

$21.86 ISK 2,656

-54.30%

Chicken Fillets (1kg)

$10.45 COP 33.9K

$24.27 ISK 2,948

-56.94%

Beef Round Steak (1kg)

$13.96 COP 45.3K

$42.46 ISK 5,159

-67.12%

Apples (1kg)

$4.05 COP 13.1K

$3.28 ISK 398

23.48%

Banana (1kg)

$1.53 COP 4,957

$2.84 ISK 344

-46.13%

Oranges (1kg)

$2.10 COP 6,825

$3.17 ISK 385

-33.75%

Tomato (1kg)

$2.29 COP 7,439

$6.60 ISK 801

-65.30%

Potato (1kg)

$2.11 COP 6,841

$3.94 ISK 479

-46.45%

Onion (1kg)

$1.71 COP 5,543

$1.70 ISK 207

0.59%

Lettuce (1 head)

$1.17 COP 3,795

$3.66 ISK 444

-68.03%

Water (1.5 liter bottle)

$1.58 COP 5,125

$1.74 ISK 212

-9.20%

Cigarettes 20 Pack (Marlboro, Camel)

$3.91 COP 12.7K

$13.77 ISK 1,673

-71.60%

Wine (Bottle)

$14.04 COP 45.6K

$23.74 ISK 2,885

-40.86%

Local Beer (0.5 liter bottle)

$1.76 COP 5,714

$3.67 ISK 446

-52.04%

Imported Beer (0.33 liter bottle)

$2.71 COP 8,796

$3.49 ISK 424

-22.35%

One-way Ticket (Public Transport)

$1.18 COP 3,826

Public Transport Monthly Pass (Regular Price)

$76.3 COP 247.4K

Taxi Start (Normal Tariff)

$1.81 COP 5,860

$6.64 ISK 806

-72.74%

Taxi (Normal Tariff) (1km)

$2.13 COP 6,906

$2.79 ISK 339

-23.66%

Taxi 1hour Waiting (Normal Tariff)

$8.13 COP 26.4K

$80.7 ISK 9,799

-89.92%

Gasoline (1 liter)

$1.28 COP 4,136

$2.11 ISK 256

-39.34%

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

$34.4K COP 111.7M

$69.7K ISK 8.5M

-50.59%

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

$34.1K COP 110.7M

$55.5K ISK 6.7M

-38.46%

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

$178 COP 576.4K

$95.5 ISK 11.6K

86.14%

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

$13.89 COP 45.0K

$33.11 ISK 4,023

-58.05%

Internet (50+ Mbps, Unlimited Data)

$30.74 COP 99.7K

$87.1 ISK 10.6K

-64.72%

Gym Membership (Monthly)

$41.94 COP 136.0K

Tennis Court (1 Hour on Weekend)

$16.80 COP 54.5K

Cinema Ticket

$7.47 COP 24.2K

$19.31 ISK 2,347

-61.32%

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

$790 COP 2.6M

$1,168 ISK 142.0K

-32.38%

International Primary School, 1 Child (Yearly)

$12.3K COP 39.9M

$26.3K ISK 3.2M

-53.21%

Jeans (Levis 501 Or Similar)

$86.3 COP 280.0K

$152 ISK 18.5K

-43.24%

Summer Dress (H&M, Zara, etc)

$59.3 COP 192.2K

$65.6 ISK 7,971

-9.68%

Sport Shoes (Adidas, Nike)

$138 COP 448.7K

$179 ISK 21.7K

-22.62%

Men's Leather Business Shoes

$98.8 COP 320.5K

$248 ISK 30.1K

-60.12%

1-bedroom Apartment, City Center (Monthly)

$1,341 COP 4.3M

1-bedroom Apartment, Outside City Center (Monthly)

$667 COP 2.2M

3-bedroom Apartment, City Center (Monthly)

$1,976 COP 6.4M

3-bedroom Apartment, Outside City Center (Monthly)

$1,033 COP 3.3M

Buy Apartment in City Center (m2)

$4,098 COP 13.3M

Buy Apartment Outside City Center (m2)

$1,940 COP 6.3M

Average Monthly Net Salary (After Tax)

$646 COP 2.1M

$6,094 ISK 740.4K

-89.40%

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

8.81

24.18%

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

Last update for Medellin: November 2, 2026

Last update for Drangsnes: November 3, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Medellin

$667 39.4%

Drangsnes

- * 0% 100%

Groceries & Markets

Medellin

$307 18.2%

Drangsnes

$623 36.1% 103% $316

Monthly Utilities & Internet

Medellin

$222 13.1%

Drangsnes

$216 12.5% 3% $6.6

Eating Out

Medellin

$173 10.2%

Drangsnes

$538 31.2% 212% $365

Clothing & Footwear

Medellin

$172 10.2%

Drangsnes

$290 16.8% 68.3% $118

Getting Around

Medellin

$93 5.5%

Drangsnes

$21 * 1.2% 78% $73

Sport & Entertainment

Medellin

$57 3.4%

Drangsnes

$39 * 2.2% 32.1% $18

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

Drangsnes pays about 9.4 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $47 in Medellin vs $122 in Drangsnes for a mid-range dinner for two. Groceries echo the gap at $307 vs $623 per month, with Medellin cheaper across the board.

Good to know

🇨🇴 Medellin

🇮🇸 Drangsnes

🕒 Local time

23:56 11:56 PM

04:56 4:56 AM

5 h ahead of Medellin

🌤 Weather

👥 Population

2,486,723

100

💱 Currency

Colombian Peso COP $

Icelandic Króna ISK kr

📈 Exchange rate

10,000 COP = 3.08 USD

10,000 COP = 2.76 EUR

1,000 ISK = 8.23 USD

1,000 ISK = 7.36 EUR

Exchange rates and currency converter

ISK, USD, EUR to COP – Colombian Peso Converter

🇺🇸 United States Dollar ($)

🇨🇴 Colombian Peso ($)

Colombian Peso exchange rates as of November 4, 2026: 1 USD = 3,243 COP (10,000 COP = 3.08 USD). 1 EUR = 3,627 COP (10,000 COP = 2.76 EUR).

Icelandic Króna exchange rates as of November 4, 2026: 1 USD = 122 ISK (1,000 ISK = 8.23 USD). 1 EUR = 136 ISK (1,000 ISK = 7.36 EUR).

USD to COP in detail →

On the map

Lowest

Highest

Between locations

Medellin Drangsnes 7,800 km ≈ 10 h nonstop flight

From you

Medellin
Drangsnes

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Medellin vs Drangsnes: Cost of Living - Frequently Asked Questions

On paper, salaries run 89% lower in Medellin. That’s worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Supermarket bills run roughly 103% higher in Drangsnes. For households that cook at home regularly, that difference adds up over a month.

Dining out is cheaper in Medellin – a meal for two runs $47 versus $122 in Drangsnes. If you eat out regularly, this makes a real dent in your monthly spending.

Either city works on $2,500 a month, though Medellin gives you more room to save. At this income level, the choice is more about lifestyle than financial pressure.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

It comes down to priorities – Medellin wins on affordability, Drangsnes on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.