Cost of Living Comparison Between Medellin and Egilsstadir Cost of Living Comparison Between Medellin and Egilsstadir

Monthly Cost of Living

Monthly costs for one person with rent: $1,555 in Medellin versus $640 in Egilsstadir.

Estimated couple costs with rent: $2,314 in Medellin versus $1,042 in Egilsstadir.

Monthly costs for a family of three with rent: $3,072 in Medellin versus $1,444 in Egilsstadir.

Living in Medellin is roughly 143% more expensive than in Egilsstadir, driven mainly by Groceries & Markets.

The two cities straddle the global median: Medellin is 15% above, Egilsstadir is 53% below.

Meal at Budget Restaurant

$7.59 COP 25.1K

Three-Course Dinner for Two, Mid-Range

$44.78 COP 148.1K

Fast Food Meal (McDonalds, etc)

$9.24 COP 30.6K

Cappuccino

$2.95 COP 9,748

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

$1.80 COP 5,956

Water (0.33 liter bottle)

$1.35 COP 4,463

Local Beer (0.5 liter draught)

$2.93 COP 9,699

Imported Beer (0.33 liter bottle)

$5.46 COP 18.1K

Milk (1 liter)

$1.43 COP 4,739

$1.75 ISK 214

-18.29%

White Bread (500g)

$2.39 COP 7,911

$2.96 ISK 360

-19.26%

Rice (white) (1kg)

$1.60 COP 5,294

$2.41 ISK 294

-33.61%

Eggs

$2.88 COP 9,517

$5.79 ISK 704

-50.26%

Local Cheese (1kg)

$9.71 COP 32.1K

$22.59 ISK 2,749

-57.02%

Chicken Fillets (1kg)

$9.44 COP 31.2K

$32.98 ISK 4,014

-71.38%

Beef Round Steak (1kg)

$13.24 COP 43.8K

$43.91 ISK 5,344

-69.85%

Apples (1kg)

$3.75 COP 12.4K

$2.81 ISK 342

33.45%

Banana (1kg)

$1.45 COP 4,780

$2.44 ISK 297

-40.57%

Oranges (1kg)

$2.10 COP 6,940

$2.46 ISK 299

-14.63%

Tomato (1kg)

$2.13 COP 7,043

$3.86 ISK 469

-44.82%

Potato (1kg)

$1.92 COP 6,361

$4.41 ISK 536

-56.46%

Onion (1kg)

$1.53 COP 5,065

$2.20 ISK 268

-30.45%

Lettuce (1 head)

$1.09 COP 3,607

$2.15 ISK 261

-49.30%

Water (1.5 liter bottle)

$1.18 COP 3,906

$2.19 ISK 267

-46.12%

Cigarettes 20 Pack (Marlboro, Camel)

$3.79 COP 12.5K

Wine (Bottle)

$13.16 COP 43.5K

$22.85 ISK 2,781

-42.41%

Local Beer (0.5 liter bottle)

$1.64 COP 5,424

$3.87 ISK 472

-57.62%

Imported Beer (0.33 liter bottle)

$2.28 COP 7,531

$3.53 ISK 430

-35.41%

One-way Ticket (Public Transport)

$1.18 COP 3,888

Public Transport Monthly Pass (Regular Price)

$73.6 COP 243.4K

Taxi Start (Normal Tariff)

$1.28 COP 4,224

$6.06 ISK 738

-78.88%

Taxi (Normal Tariff) (1km)

$1.98 COP 6,538

Taxi 1hour Waiting (Normal Tariff)

$7.89 COP 26.1K

Gasoline (1 liter)

$1.29 COP 4,280

$2.44 ISK 298

-47.13%

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

$26.8K COP 88.6M

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

$34.7K COP 114.7M

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

$158 COP 522.0K

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

$13.39 COP 44.3K

Internet (50+ Mbps, Unlimited Data)

$27.28 COP 90.2K

Gym Membership (Monthly)

$44.15 COP 146.0K

Tennis Court (1 Hour on Weekend)

$15.99 COP 52.9K

Cinema Ticket

$6.39 COP 21.1K

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

$777 COP 2.6M

International Primary School, 1 Child (Yearly)

$8,800 COP 29.1M

Jeans (Levis 501 Or Similar)

$82.7 COP 273.6K

Summer Dress (H&M, Zara, etc)

$56.1 COP 185.6K

Sport Shoes (Adidas, Nike)

$131 COP 432.7K

Men's Leather Business Shoes

$95.9 COP 317.2K

1-bedroom Apartment, City Center (Monthly)

$1,006 COP 3.3M

1-bedroom Apartment, Outside City Center (Monthly)

$627 COP 2.1M

3-bedroom Apartment, City Center (Monthly)

$1,826 COP 6.0M

3-bedroom Apartment, Outside City Center (Monthly)

$969 COP 3.2M

Buy Apartment in City Center (m2)

$3,907 COP 12.9M

Buy Apartment Outside City Center (m2)

$1,576 COP 5.2M

Average Monthly Net Salary (After Tax)

$620 COP 2.1M

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

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

Last update for Medellin: September 28, 2026

Last update for Egilsstadir: September 28, 2026

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 Egilsstadir: Cost of Living - Frequently Asked Questions

Egilsstadir is cheaper overall, especially in Clothing & Footwear, Eating Out, Getting Around, Sport & Entertainment, Monthly Utilities & Internet. The 143% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $2,333 in Medellin and $960 in Egilsstadir to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Shoppers in Medellin pay roughly 120% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $1,555 per month in Medellin versus $640 in Egilsstadir – a 143% gap that adds up to real savings over time for anyone picking the cheaper option.

At $640 in Egilsstadir versus $1,555 in Medellin, a $1,500 budget is realistic in Egilsstadir but tight or insufficient in Medellin. The gap between the two cities makes Egilsstadir the clear choice for anyone on this budget.

For families, Egilsstadir is more practical. Housing and childcare are both notably cheaper than in Medellin, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Medellin and Egilsstadir 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 Egilsstadir gentler on the wallet – expenses run 143% less than in Medellin. Beyond cost, consider language, visa policies, and how big the international community is in each city.