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

šŸ™‚ Solo nomad: Medellin is 59.6% cheaper than Grundarfjordur without rent, and 36.6% cheaper with rent.
šŸ™‚ Family of 3: Medellin is 67.1% cheaper than Grundarfjordur without rent, and 46.1% cheaper with rent.
Currency
šŸ½ Eating Out
Medellin
Grundarfjordur
Difference
Meal at Budget Restaurant
$6.03 COPĀ 22.7K
$27.16 ISKĀ 3,398
-77.80%
Three-Course Dinner for Two, Mid-Range
$33.17 COPĀ 124.7K
$146 ISKĀ 18.2K
-77.23%
Fast Food Meal (McDonalds, etc)
$7.29 COPĀ 27.4K
$22.44 ISKĀ 2,808
-67.51%
Cappuccino
$1.63 COPĀ 6,128
$6.02 ISKĀ 753
-72.92%
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$1.05 COPĀ 3,944
$3.26 ISKĀ 408
-67.79%
Water (0.33 liter bottle)
$0.77 COPĀ 2,896
$2.55 ISKĀ 319
-69.80%
Local Beer (0.5 liter draught)
$1.73 COPĀ 6,505
$12.75 ISKĀ 1,596
-86.43%
Imported Beer (0.33 liter bottle)
$3.18 COPĀ 12.0K
$11.37 ISKĀ 1,423
-72.03%
šŸ›’ Groceries & Markets
Medellin
Grundarfjordur
Difference
Milk (1 liter)
$1.07 COPĀ 4,012
$1.97 ISKĀ 246
-45.69%
White Bread (500g)
$1.31 COPĀ 4,931
$4.31 ISKĀ 539
-69.61%
Rice (white) (1kg)
$1.38 COPĀ 5,191
$3.56 ISKĀ 446
-61.24%
Eggs
$2.25 COPĀ 8,450
$6.44 ISKĀ 806
-65.06%
Local Cheese (1kg)
$4.48 COPĀ 16.9K
$17.88 ISKĀ 2,237
-74.94%
Chicken Fillets (1kg)
$5.74 COPĀ 21.6K
$23.87 ISKĀ 2,987
-75.95%
Beef Round Steak (1kg)
$8.86 COPĀ 33.3K
$42.87 ISKĀ 5,365
-79.33%
Apples (1kg)
$2.24 COPĀ 8,431
$3.26 ISKĀ 408
-31.29%
Banana (1kg)
$1.06 COPĀ 3,985
$2.44 ISKĀ 306
-56.56%
Oranges (1kg)
$1.51 COPĀ 5,693
$2.97 ISKĀ 371
-49.16%
Tomato (1kg)
$1.36 COPĀ 5,115
$4.97 ISKĀ 622
-72.64%
Potato (1kg)
$1.12 COPĀ 4,215
$3.70 ISKĀ 463
-69.73%
Onion (1kg)
$1.17 COPĀ 4,397
$2.44 ISKĀ 305
-52.05%
Lettuce (1 head)
$0.90 COPĀ 3,392
$3.02 ISKĀ 378
-70.20%
Water (1.5 liter bottle)
$0.84 COPĀ 3,147
$2.00 ISKĀ 250
-58.00%
Cigarettes 20 Pack (Marlboro, Camel)
$2.26 COPĀ 8,494
$13.88 ISKĀ 1,737
-83.72%
Wine (Bottle)
$9.97 COPĀ 37.5K
$23.75 ISKĀ 2,971
-58.02%
Local Beer (0.5 liter bottle)
$1.18 COPĀ 4,448
$3.55 ISKĀ 444
-66.76%
Imported Beer (0.33 liter bottle)
$2.39 COPĀ 8,986
$3.37 ISKĀ 422
-29.08%
šŸšŒ Getting Around
Medellin
Grundarfjordur
Difference
One-way Ticket (Public Transport)
$0.86 COPĀ 3,230
-
-
Public Transport Monthly Pass (Regular Price)
$41.45 COPĀ 155.9K
-
-
Taxi Start (Normal Tariff)
$1.47 COPĀ 5,517
$6.37 ISKĀ 798
-76.92%
Taxi (Normal Tariff) (1km)
$1.95 COPĀ 7,317
$2.65 ISKĀ 332
-26.42%
Taxi 1hour Waiting (Normal Tariff)
$7.76 COPĀ 29.2K
$84.5 ISKĀ 10.6K
-90.81%
Gasoline (1 liter)
$0.97 COPĀ 3,637
$2.53 ISKĀ 316
-61.66%
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$17.9K COPĀ 67.5M
$46.5K ISKĀ 5.8M
-61.40%
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$26.7K COPĀ 100.5M
$51.5K ISKĀ 6.4M
-48.11%
šŸ§¾ Monthly Utilities & Internet
Medellin
Grundarfjordur
Difference
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$81.1 COPĀ 305.0K
$86.3 ISKĀ 10.8K
-5.97%
SIM Card Monthly Plan (Calls and 10GB+ Data)
$9.40 COPĀ 35.4K
$27.56 ISKĀ 3,448
-65.89%
Internet (50+ Mbps, Unlimited Data)
$23.61 COPĀ 88.8K
$83.9 ISKĀ 10.5K
-71.86%
šŸŽ‰ Sport & Entertainment
Medellin
Grundarfjordur
Difference
Gym Membership (Monthly)
$25.55 COPĀ 96.0K
-
-
Tennis Court (1 Hour on Weekend)
$19.29 COPĀ 72.5K
-
-
Cinema Ticket
$4.10 COPĀ 15.4K
$17.84 ISKĀ 2,232
-77.02%
šŸ§ø Childcare & Education
Medellin
Grundarfjordur
Difference
Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)
$306 COPĀ 1.2M
$315 ISKĀ 39.4K
-2.89%
International Primary School, 1 Child (Yearly)
$5,899 COPĀ 22.2M
$29.9K ISKĀ 3.7M
-80.24%
šŸ‘•šŸ‘Ÿ Clothing & Footwear
Medellin
Grundarfjordur
Difference
Jeans (Levis 501 Or Similar)
$59.8 COPĀ 224.9K
$139 ISKĀ 17.4K
-57.10%
Summer Dress (H&M, Zara, etc)
$31.96 COPĀ 120.2K
$61.0 ISKĀ 7,638
-47.64%
Sport Shoes (Adidas, Nike)
$103 COPĀ 386.2K
$179 ISKĀ 22.4K
-42.68%
Men's Leather Business Shoes
$108 COPĀ 405.6K
$267 ISKĀ 33.4K
-59.59%
šŸ  Accommodation & Living
Medellin
Grundarfjordur
Difference
1-bedroom Apartment, City Center (Monthly)
$483 COPĀ 1.8M
-
-
1-bedroom Apartment, Outside City Center (Monthly)
$377 COPĀ 1.4M
-
-
3-bedroom Apartment, City Center (Monthly)
$822 COPĀ 3.1M
-
-
3-bedroom Apartment, Outside City Center (Monthly)
$721 COPĀ 2.7M
-
-
Buy Apartment in City Center (m2)
$2,784 COPĀ 10.5M
-
-
Buy Apartment Outside City Center (m2)
$1,320 COPĀ 5.0M
$1,171 ISKĀ 146.6K
12.69%
šŸ’µ Salaries & Financials
Medellin
Grundarfjordur
Difference
Average Monthly Net Salary (After Tax)
$538 COPĀ 2.0M
-
-
20-Year Fixed Mortgage Interest Rate (Annual %)
13.43
9.63
39.46%

CityCost data is based on AI and user input ā€“ minor inaccuracies may occur.

Last update for Medellin: March 3, 2026

Last update for Grundarfjordur: March 3, 2026

City Median Internet Speeds Comparison (Updated December 2025)
The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.
Digital Nomad Cost of Living Index

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