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: $1,034 in Medellin versus $596 in Egilsstadir.

Estimated couple costs with rent: $1,577 in Medellin versus $992 in Egilsstadir.

Monthly costs for a family of three with rent: $2,120 in Medellin versus $1,387 in Egilsstadir.

Living in Medellin is roughly 74% more expensive than Egilsstadir, driven mainly by Groceries & Markets.

Both cities sit below the global median: Medellin 23% lower, Egilsstadir 56% lower.

Meal at Budget Restaurant

$5.92 COP 21.4K

Three-Course Dinner for Two, Mid-Range

$32.75 COP 118.2K

Fast Food Meal (McDonalds, etc)

$7.20 COP 26.0K

Cappuccino

$1.70 COP 6,140

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

$1.10 COP 3,966

Water (0.33 liter bottle)

$0.72 COP 2,605

Local Beer (0.5 liter draught)

$1.67 COP 6,022

Imported Beer (0.33 liter bottle)

$3.10 COP 11.2K

Milk (1 liter)

$1.06 COP 3,809

$1.62 ISK 199

-34.57%

White Bread (500g)

$1.25 COP 4,497

$2.86 ISK 350

-56.29%

Rice (white) (1kg)

$1.39 COP 5,022

$2.44 ISK 299

-43.03%

Eggs

$2.26 COP 8,168

$5.64 ISK 691

-59.93%

Local Cheese (1kg)

$4.33 COP 15.6K

$21.58 ISK 2,642

-79.94%

Chicken Fillets (1kg)

$5.84 COP 21.1K

$31.98 ISK 3,916

-81.74%

Beef Round Steak (1kg)

$8.83 COP 31.9K

$42.58 ISK 5,214

-79.26%

Apples (1kg)

$2.24 COP 8,099

$2.69 ISK 330

-16.73%

Banana (1kg)

$1.08 COP 3,882

$2.40 ISK 293

-55.00%

Oranges (1kg)

$1.53 COP 5,522

$2.38 ISK 292

-35.71%

Tomato (1kg)

$1.37 COP 4,950

$3.72 ISK 456

-63.17%

Potato (1kg)

$1.13 COP 4,078

$4.29 ISK 526

-73.66%

Onion (1kg)

$1.12 COP 4,036

$2.12 ISK 259

-47.17%

Lettuce (1 head)

$0.85 COP 3,057

$2.18 ISK 267

-61.01%

Water (1.5 liter bottle)

$0.91 COP 3,281

$2.15 ISK 264

-57.67%

Cigarettes 20 Pack (Marlboro, Camel)

$2.33 COP 8,414

Wine (Bottle)

$11.13 COP 40.2K

$21.73 ISK 2,661

-48.78%

Local Beer (0.5 liter bottle)

$1.19 COP 4,309

$3.87 ISK 474

-69.25%

Imported Beer (0.33 liter bottle)

$2.37 COP 8,553

$3.29 ISK 402

-27.96%

One-way Ticket (Public Transport)

$0.79 COP 2,838

Public Transport Monthly Pass (Regular Price)

$41.13 COP 148.5K

Taxi Start (Normal Tariff)

$1.44 COP 5,184

Taxi (Normal Tariff) (1km)

$1.91 COP 6,901

Taxi 1hour Waiting (Normal Tariff)

$8.02 COP 28.9K

Gasoline (1 liter)

$0.94 COP 3,385

$2.63 ISK 322

-64.26%

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

$17.9K COP 64.7M

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

$26.8K COP 96.7M

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

$84.0 COP 303.1K

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

$9.60 COP 34.7K

Internet (50+ Mbps, Unlimited Data)

$24.16 COP 87.2K

Gym Membership (Monthly)

$25.88 COP 93.4K

Tennis Court (1 Hour on Weekend)

$19.04 COP 68.7K

Cinema Ticket

$3.92 COP 14.1K

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

$306 COP 1.1M

International Primary School, 1 Child (Yearly)

$5,919 COP 21.4M

Jeans (Levis 501 Or Similar)

$57.9 COP 209.1K

Summer Dress (H&M, Zara, etc)

$31.82 COP 114.9K

Sport Shoes (Adidas, Nike)

$99.9 COP 360.6K

Men's Leather Business Shoes

$107 COP 386.8K

1-bedroom Apartment, City Center (Monthly)

$487 COP 1.8M

1-bedroom Apartment, Outside City Center (Monthly)

$368 COP 1.3M

3-bedroom Apartment, City Center (Monthly)

$826 COP 3.0M

3-bedroom Apartment, Outside City Center (Monthly)

$716 COP 2.6M

Buy Apartment in City Center (m2)

$2,925 COP 10.6M

Buy Apartment Outside City Center (m2)

$1,407 COP 5.1M

Average Monthly Net Salary (After Tax)

$546 COP 2.0M

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

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

Last update for Medellin: April 27, 2026

Last update for Egilsstadir: April 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, Monthly Utilities & Internet, Sport & Entertainment. The 74% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $1,550 in Medellin and $893 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 220% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $1,034 per month in Medellin versus $596 in Egilsstadir – a 74% gap that adds up to real savings over time for anyone picking the cheaper option.

At $596 in Egilsstadir versus $1,034 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 74% less than in Medellin. Beyond cost, consider language, visa policies, and how big the international community is in each city.