Cost of Living Comparison Between Medellin and Grundarfjordur Cost of Living Comparison Between Medellin and Grundarfjordur

🙂 Solo nomad: Medellin is 59.9% cheaper than Grundarfjordur without rent, and 37.7% cheaper with rent.

🙂 Family of 3: Medellin is 60.5% cheaper than Grundarfjordur without rent, and 47.8% cheaper with rent.

Meal at Budget Restaurant

$6.23 COP 26K

$26.89 ISK 3,354

-76.83%

Three-Course Dinner for Two, Mid-Range

$32.34 COP 134.8K

$143 ISK 17.8K

-77.38%

Fast Food Meal (McDonalds, etc)

$7.39 COP 30.8K

$22.13 ISK 2,761

-66.61%

Cappuccino

$1.72 COP 7,155

$6.16 ISK 769

-72.08%

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

$1.1 COP 4,575

$3.24 ISK 404

-66.05%

Water (0.33 liter bottle)

$0.73 COP 3,060

$2.51 ISK 313

-70.92%

Local Beer (0.5 liter draught)

$1.66 COP 6,916

$12.69 ISK 1,583

-86.92%

Imported Beer (0.33 liter bottle)

$3.2 COP 13.3K

$11.45 ISK 1,428

-72.05%

Milk (1 liter)

$1.09 COP 4,552

$1.93 ISK 241

-43.52%

White Bread (500g)

$1.24 COP 5,188

$4.39 ISK 547

-71.75%

Rice (white) (1kg)

$1.33 COP 5,544

$3.67 ISK 458

-63.76%

Eggs

$2.22 COP 9,252

$6.52 ISK 814

-65.95%

Local Cheese (1kg)

$4.55 COP 19K

$18.17 ISK 2,266

-74.96%

Chicken Fillets (1kg)

$5.71 COP 23.8K

$24.29 ISK 3,030

-76.49%

Beef Round Steak (1kg)

$8.59 COP 35.8K

$41.67 ISK 5,198

-79.39%

Apples (1kg)

$2.26 COP 9,410

$3.24 ISK 404

-30.25%

Banana (1kg)

$1.07 COP 4,461

$2.5 ISK 311

-57.20%

Oranges (1kg)

$1.51 COP 6,293

$2.99 ISK 373

-49.50%

Tomato (1kg)

$1.42 COP 5,911

$4.97 ISK 621

-71.43%

Potato (1kg)

$1.11 COP 4,619

$3.68 ISK 459

-69.84%

Onion (1kg)

$1.18 COP 4,932

$2.39 ISK 298

-50.63%

Lettuce (1 head)

$0.89 COP 3,718

$3.15 ISK 393

-71.75%

Water (1.5 liter bottle)

$0.84 COP 3,507

$1.95 ISK 243

-56.92%

Cigarettes 20 Pack (Marlboro, Camel)

$2.35 COP 9,809

$13.79 ISK 1,720

-82.96%

Wine (Bottle)

$9.34 COP 38.9K

$24.42 ISK 3,047

-61.75%

Local Beer (0.5 liter bottle)

$1.18 COP 4,927

$3.73 ISK 466

-68.36%

Imported Beer (0.33 liter bottle)

$2.49 COP 10.4K

$3.32 ISK 414

-25.00%

One-way Ticket (Public Transport)

$0.83 COP 3,464

Public Transport Monthly Pass (Regular Price)

$41.9 COP 174.7K

Taxi Start (Normal Tariff)

$1.41 COP 5,899

$6.49 ISK 810

-78.27%

Taxi (Normal Tariff) (1km)

$1.96 COP 8,164

$2.66 ISK 331

-26.32%

Taxi 1hour Waiting (Normal Tariff)

$7.85 COP 32.7K

$85.7 ISK 10.7K

-90.83%

Gasoline (1 liter)

$1.02 COP 4,265

$2.43 ISK 304

-58.02%

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

$17.6K COP 73.4M

$47.9K ISK 6M

-63.30%

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

$26.2K COP 109.2M

$52.3K ISK 6.5M

-49.90%

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

$82.5 COP 344.1K

$88.5 ISK 11K

-6.75%

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

$9.44 COP 39.4K

$27.54 ISK 3,436

-65.72%

Internet (50+ Mbps, Unlimited Data)

$23.51 COP 98K

$83.9 ISK 10.5K

-71.97%

Gym Membership (Monthly)

$25.68 COP 107.1K

Tennis Court (1 Hour on Weekend)

$19.14 COP 79.8K

Cinema Ticket

$3.96 COP 16.5K

$17.39 ISK 2,170

-77.23%

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

$305 COP 1.3M

$318 ISK 39.6K

-4.01%

International Primary School, 1 Child (Yearly)

$5,925 COP 24.7M

$30.7K ISK 3.8M

-80.69%

Jeans (Levis 501 Or Similar)

$57.9 COP 241.4K

$139 ISK 17.3K

-58.25%

Summer Dress (H&M, Zara, etc)

$31.59 COP 131.7K

$61 ISK 7,607

-48.20%

Sport Shoes (Adidas, Nike)

$103 COP 430.1K

$183 ISK 22.8K

-43.52%

Men's Leather Business Shoes

$106 COP 440.5K

$268 ISK 33.4K

-60.53%

1-bedroom Apartment, City Center (Monthly)

$489 COP 2M

1-bedroom Apartment, Outside City Center (Monthly)

$379 COP 1.6M

3-bedroom Apartment, City Center (Monthly)

$827 COP 3.4M

3-bedroom Apartment, Outside City Center (Monthly)

$729 COP 3M

Buy Apartment in City Center (m2)

$2,190 COP 9.1M

Buy Apartment Outside City Center (m2)

$1,532 COP 6.4M

$1,147 ISK 143.1K

33.59%

Average Monthly Net Salary (After Tax)

$550 COP 2.3M

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: October 28, 2025

Last update for Grundarfjordur: October 27, 2025

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