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

Monthly Cost of Living

Monthly costs for one person with rent: $1,028 in Medellin versus $1,587 in Drangsnes.

Estimated couple costs with rent: $1,586 in Medellin versus $2,836 in Drangsnes.

Monthly costs for a family of three with rent: $2,144 in Medellin versus $4,085 in Drangsnes.

Living in Medellin costs roughly 35% less than in Drangsnes, driven mainly by Groceries & Markets.

The two cities straddle the global median: Medellin is 23% below, Drangsnes is 19% above.

Meal at Budget Restaurant

$6.00 COP 20.6K

$27.14 ISK 3,372

-77.89%

Three-Course Dinner for Two, Mid-Range

$32.84 COP 112.5K

$143 ISK 17.8K

-77.09%

Fast Food Meal (McDonalds, etc)

$7.42 COP 25.4K

$22.90 ISK 2,845

-67.60%

Cappuccino

$1.65 COP 5,659

$6.08 ISK 756

-72.86%

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

$1.07 COP 3,663

$3.36 ISK 417

-68.15%

Water (0.33 liter bottle)

$0.76 COP 2,607

$2.63 ISK 327

-71.10%

Local Beer (0.5 liter draught)

$1.72 COP 5,908

$12.62 ISK 1,568

-86.37%

Imported Beer (0.33 liter bottle)

$3.20 COP 11.0K

$11.32 ISK 1,406

-71.73%

Milk (1 liter)

$1.05 COP 3,597

$1.86 ISK 231

-43.55%

White Bread (500g)

$1.31 COP 4,479

$4.21 ISK 523

-68.88%

Rice (white) (1kg)

$1.34 COP 4,591

$3.56 ISK 443

-62.36%

Eggs

$2.19 COP 7,521

$6.43 ISK 798

-65.94%

Local Cheese (1kg)

$4.41 COP 15.1K

$18.19 ISK 2,260

-75.76%

Chicken Fillets (1kg)

$5.69 COP 19.5K

$24.03 ISK 2,985

-76.32%

Beef Round Steak (1kg)

$8.52 COP 29.2K

$41.86 ISK 5,201

-79.65%

Apples (1kg)

$2.34 COP 8,023

$3.31 ISK 411

-29.31%

Banana (1kg)

$1.11 COP 3,804

$2.54 ISK 316

-56.30%

Oranges (1kg)

$1.52 COP 5,210

$3.04 ISK 377

-50.00%

Tomato (1kg)

$1.37 COP 4,680

$4.92 ISK 611

-72.15%

Potato (1kg)

$1.15 COP 3,950

$3.72 ISK 462

-69.09%

Onion (1kg)

$1.18 COP 4,043

$2.43 ISK 302

-51.44%

Lettuce (1 head)

$0.84 COP 2,885

$3.03 ISK 377

-72.28%

Water (1.5 liter bottle)

$0.86 COP 2,931

$1.99 ISK 247

-56.78%

Cigarettes 20 Pack (Marlboro, Camel)

$2.26 COP 7,753

$13.57 ISK 1,686

-83.35%

Wine (Bottle)

$11.60 COP 39.8K

$23.68 ISK 2,942

-51.01%

Local Beer (0.5 liter bottle)

$1.20 COP 4,109

$3.62 ISK 450

-66.85%

Imported Beer (0.33 liter bottle)

$2.48 COP 8,484

$3.27 ISK 406

-24.16%

One-way Ticket (Public Transport)

$0.79 COP 2,721

Public Transport Monthly Pass (Regular Price)

$40.83 COP 139.9K

Taxi Start (Normal Tariff)

$1.47 COP 5,023

$6.51 ISK 809

-77.42%

Taxi (Normal Tariff) (1km)

$1.92 COP 6,568

$2.56 ISK 318

-25.00%

Taxi 1hour Waiting (Normal Tariff)

$7.77 COP 26.6K

$87.6 ISK 10.9K

-91.13%

Gasoline (1 liter)

$1.01 COP 3,464

$2.45 ISK 304

-58.78%

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

$17.7K COP 60.5M

$47.4K ISK 5.9M

-62.79%

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

$26.5K COP 90.7M

$51.8K ISK 6.4M

-48.96%

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

$81.1 COP 277.9K

$88.6 ISK 11.0K

-8.42%

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

$9.43 COP 32.3K

$27.90 ISK 3,466

-66.20%

Internet (50+ Mbps, Unlimited Data)

$23.86 COP 81.8K

$84.0 ISK 10.4K

-71.59%

Gym Membership (Monthly)

$25.99 COP 89.1K

Tennis Court (1 Hour on Weekend)

$18.71 COP 64.1K

Cinema Ticket

$4.09 COP 14.0K

$17.62 ISK 2,189

-76.79%

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

$315 COP 1.1M

$319 ISK 39.6K

-1.30%

International Primary School, 1 Child (Yearly)

$6,022 COP 20.6M

$30.0K ISK 3.7M

-79.92%

Jeans (Levis 501 Or Similar)

$59.7 COP 204.6K

$137 ISK 17.1K

-56.54%

Summer Dress (H&M, Zara, etc)

$31.97 COP 109.6K

$61.9 ISK 7,690

-48.34%

Sport Shoes (Adidas, Nike)

$101 COP 346.9K

$182 ISK 22.6K

-44.26%

Men's Leather Business Shoes

$105 COP 360.3K

$268 ISK 33.3K

-60.80%

1-bedroom Apartment, City Center (Monthly)

$485 COP 1.7M

1-bedroom Apartment, Outside City Center (Monthly)

$365 COP 1.3M

3-bedroom Apartment, City Center (Monthly)

$827 COP 2.8M

3-bedroom Apartment, Outside City Center (Monthly)

$730 COP 2.5M

Buy Apartment in City Center (m2)

$2,992 COP 10.3M

Buy Apartment Outside City Center (m2)

$1,314 COP 4.5M

Average Monthly Net Salary (After Tax)

$551 COP 1.9M

$6,084 ISK 755.9K

-90.95%

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: June 15, 2026

Last update for Drangsnes: June 15, 2026

Cost Breakdown

Drangsnes pays 1005% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $33.00 in Medellin vs $143 in Drangsnes for a mid-range dinner for two. Groceries echo the gap at $190 vs $593 per month, with Medellin cheaper across the board.

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

Medellin wins on cost – living expenses run 54% lower than in Drangsnes. Housing and daily spending are where you'll feel the difference most, making Medellin the obvious pick if budget is a priority.

On paper, Drangsnes earns 1005% less. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Childcare runs $315 in Medellin versus $319 in Drangsnes. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Dining out is cheaper in Medellin – a meal for two runs $33.00 versus $143 in Drangsnes. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,028 in Medellin versus $1,587 in Drangsnes, a $1,500 budget is realistic in Medellin but tight or insufficient in Drangsnes. The gap between the two cities makes Medellin the clear choice for anyone on this budget.

Both work as nomad bases, but Medellin delivers better value – similar infrastructure at $1,028 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Medellin hard to pass up.

Safety-wise, Medellin and Drangsnes are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Medellin gentler on the wallet – expenses run 54% less than in Drangsnes. Beyond cost, consider language, visa policies, and how big the international community is in each city.