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: $1,003 in Medellin versus $615 in Egilsstadir.

Estimated couple costs with rent: $1,573 in Medellin versus $1,013 in Egilsstadir.

Monthly costs for a family of three with rent: $2,143 in Medellin versus $1,411 in Egilsstadir.

Living in Medellin is roughly 63% more expensive than in Egilsstadir, driven mainly by Groceries & Markets.

Both cities sit below the global median: Medellin 25% lower, Egilsstadir 54% lower.

Meal at Budget Restaurant

$5.91 COP 18.6K

Three-Course Dinner for Two, Mid-Range

$32.96 COP 103.8K

Fast Food Meal (McDonalds, etc)

$7.43 COP 23.4K

Cappuccino

$1.65 COP 5,207

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

$1.10 COP 3,468

Water (0.33 liter bottle)

$0.78 COP 2,458

Local Beer (0.5 liter draught)

$1.72 COP 5,412

Imported Beer (0.33 liter bottle)

$3.18 COP 10.0K

Milk (1 liter)

$1.10 COP 3,474

$1.64 ISK 202

-32.93%

White Bread (500g)

$1.26 COP 3,962

$2.74 ISK 338

-54.01%

Rice (white) (1kg)

$1.38 COP 4,349

$2.41 ISK 298

-42.74%

Eggs

$2.18 COP 6,858

$5.85 ISK 723

-62.74%

Local Cheese (1kg)

$4.49 COP 14.1K

$21.76 ISK 2,690

-79.37%

Chicken Fillets (1kg)

$5.79 COP 18.2K

$31.24 ISK 3,862

-81.47%

Beef Round Steak (1kg)

$8.97 COP 28.2K

$43.20 ISK 5,339

-79.24%

Apples (1kg)

$2.32 COP 7,308

$2.59 ISK 320

-10.42%

Banana (1kg)

$1.06 COP 3,352

$2.45 ISK 302

-56.73%

Oranges (1kg)

$1.52 COP 4,774

$2.43 ISK 300

-37.45%

Tomato (1kg)

$1.36 COP 4,270

$3.71 ISK 459

-63.34%

Potato (1kg)

$1.13 COP 3,552

$4.43 ISK 548

-74.49%

Onion (1kg)

$1.17 COP 3,689

$2.01 ISK 249

-41.79%

Lettuce (1 head)

$0.90 COP 2,838

$2.15 ISK 266

-58.14%

Water (1.5 liter bottle)

$0.90 COP 2,823

$2.12 ISK 262

-57.55%

Cigarettes 20 Pack (Marlboro, Camel)

$2.23 COP 7,034

Wine (Bottle)

$12.12 COP 38.2K

$21.37 ISK 2,642

-43.28%

Local Beer (0.5 liter bottle)

$1.19 COP 3,743

$3.69 ISK 456

-67.75%

Imported Beer (0.33 liter bottle)

$2.48 COP 7,815

$3.33 ISK 411

-25.53%

One-way Ticket (Public Transport)

$0.85 COP 2,687

Public Transport Monthly Pass (Regular Price)

$41.62 COP 131.0K

Taxi Start (Normal Tariff)

$1.42 COP 4,459

Taxi (Normal Tariff) (1km)

$1.95 COP 6,141

Taxi 1hour Waiting (Normal Tariff)

$7.89 COP 24.8K

Gasoline (1 liter)

$0.99 COP 3,118

$2.54 ISK 314

-61.02%

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

$17.6K COP 55.4M

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

$26.8K COP 84.4M

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

$83.0 COP 261.4K

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

$9.70 COP 30.5K

Internet (50+ Mbps, Unlimited Data)

$23.52 COP 74.1K

Gym Membership (Monthly)

$25.26 COP 79.5K

Tennis Court (1 Hour on Weekend)

$19.10 COP 60.1K

Cinema Ticket

$3.95 COP 12.4K

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

$316 COP 994.2K

International Primary School, 1 Child (Yearly)

$5,975 COP 18.8M

Jeans (Levis 501 Or Similar)

$60.0 COP 188.9K

Summer Dress (H&M, Zara, etc)

$31.82 COP 100.2K

Sport Shoes (Adidas, Nike)

$102 COP 320.1K

Men's Leather Business Shoes

$107 COP 338.3K

1-bedroom Apartment, City Center (Monthly)

$475 COP 1.5M

1-bedroom Apartment, Outside City Center (Monthly)

$374 COP 1.2M

3-bedroom Apartment, City Center (Monthly)

$849 COP 2.7M

3-bedroom Apartment, Outside City Center (Monthly)

$719 COP 2.3M

Buy Apartment in City Center (m2)

$3,265 COP 10.3M

Buy Apartment Outside City Center (m2)

$1,441 COP 4.5M

Average Monthly Net Salary (After Tax)

$624 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: July 27, 2026

Last update for Egilsstadir: July 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 63% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $1,504 in Medellin and $923 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 212% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $1,003 per month in Medellin versus $615 in Egilsstadir – a 63% gap that adds up to real savings over time for anyone picking the cheaper option.

At $615 in Egilsstadir versus $1,003 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 63% less than in Medellin. Beyond cost, consider language, visa policies, and how big the international community is in each city.