Cost of Living Comparison Between Medellin and Hafnarfjordur Cost of Living Comparison Between Medellin and Hafnarfjordur

🙂 Solo nomad: Medellin is 66.1% cheaper than Hafnarfjordur without rent, and 72.6% cheaper with rent.

🙂 Family of 3: Medellin is 70.8% cheaper than Hafnarfjordur without rent, and 68.9% cheaper with rent.

Meal at Budget Restaurant

$6.23 COP 26K

$26.9 ISK 3,356

-76.84%

Three-Course Dinner for Two, Mid-Range

$32.34 COP 134.8K

$144 ISK 18K

-77.57%

Fast Food Meal (McDonalds, etc)

$7.39 COP 30.8K

$16.18 ISK 2,018

-54.33%

Cappuccino

$1.72 COP 7,155

$6.07 ISK 757

-71.66%

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

$1.1 COP 4,575

$3.25 ISK 406

-66.15%

Water (0.33 liter bottle)

$0.73 COP 3,060

$2.6 ISK 324

-71.92%

Local Beer (0.5 liter draught)

$1.66 COP 6,916

$12.95 ISK 1,616

-87.18%

Imported Beer (0.33 liter bottle)

$3.2 COP 13.3K

$11.27 ISK 1,406

-71.61%

Milk (1 liter)

$1.09 COP 4,552

$1.63 ISK 203

-33.13%

White Bread (500g)

$1.24 COP 5,188

$4.17 ISK 520

-70.26%

Rice (white) (1kg)

$1.33 COP 5,544

$3.76 ISK 468

-64.63%

Eggs

$2.22 COP 9,252

$6.27 ISK 783

-64.59%

Local Cheese (1kg)

$4.55 COP 19K

$17.98 ISK 2,243

-74.69%

Chicken Fillets (1kg)

$5.71 COP 23.8K

$23.93 ISK 2,986

-76.14%

Beef Round Steak (1kg)

$8.59 COP 35.8K

$42.77 ISK 5,336

-79.92%

Apples (1kg)

$2.26 COP 9,410

$3.31 ISK 414

-31.72%

Banana (1kg)

$1.07 COP 4,461

$2.45 ISK 305

-56.33%

Oranges (1kg)

$1.51 COP 6,293

$3.01 ISK 375

-49.83%

Tomato (1kg)

$1.42 COP 5,911

$5.09 ISK 635

-72.10%

Potato (1kg)

$1.11 COP 4,619

$3.69 ISK 460

-69.92%

Onion (1kg)

$1.18 COP 4,932

$2.37 ISK 295

-50.21%

Lettuce (1 head)

$0.89 COP 3,718

$3.04 ISK 379

-70.72%

Water (1.5 liter bottle)

$0.84 COP 3,507

$1.92 ISK 240

-56.25%

Cigarettes 20 Pack (Marlboro, Camel)

$2.35 COP 9,809

$13.9 ISK 1,734

-83.09%

Wine (Bottle)

$9.34 COP 38.9K

$24.71 ISK 3,083

-62.20%

Local Beer (0.5 liter bottle)

$1.18 COP 4,927

$3.56 ISK 444

-66.85%

Imported Beer (0.33 liter bottle)

$2.49 COP 10.4K

$3.19 ISK 397

-21.94%

One-way Ticket (Public Transport)

$0.83 COP 3,464

$4.91 ISK 613

-83.10%

Public Transport Monthly Pass (Regular Price)

$41.9 COP 174.7K

$85.1 ISK 10.6K

-50.76%

Taxi Start (Normal Tariff)

$1.41 COP 5,899

$6.16 ISK 769

-77.11%

Taxi (Normal Tariff) (1km)

$1.96 COP 8,164

$2.53 ISK 316

-22.53%

Taxi 1hour Waiting (Normal Tariff)

$7.85 COP 32.7K

$84.9 ISK 10.6K

-90.75%

Gasoline (1 liter)

$1.02 COP 4,265

$2.54 ISK 317

-59.84%

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

$17.6K COP 73.4M

$46.9K ISK 5.9M

-62.51%

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

$26.2K COP 109.2M

$52.8K ISK 6.6M

-50.33%

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

$82.5 COP 344.1K

$67.3 ISK 8,397

22.61%

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

$9.44 COP 39.4K

$27.38 ISK 3,416

-65.52%

Internet (50+ Mbps, Unlimited Data)

$23.51 COP 98K

$86 ISK 10.7K

-72.65%

Gym Membership (Monthly)

$25.68 COP 107.1K

$64.2 ISK 8,014

-60.02%

Tennis Court (1 Hour on Weekend)

$19.14 COP 79.8K

Cinema Ticket

$3.96 COP 16.5K

$16.58 ISK 2,068

-76.12%

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

$305 COP 1.3M

$318 ISK 39.7K

-4.14%

International Primary School, 1 Child (Yearly)

$5,925 COP 24.7M

$29.5K ISK 3.7M

-79.92%

Jeans (Levis 501 Or Similar)

$57.9 COP 241.4K

$122 ISK 15.2K

-52.56%

Summer Dress (H&M, Zara, etc)

$31.59 COP 131.7K

$60.4 ISK 7,532

-47.68%

Sport Shoes (Adidas, Nike)

$103 COP 430.1K

$119 ISK 14.8K

-13.11%

Men's Leather Business Shoes

$106 COP 440.5K

$266 ISK 33.1K

-60.21%

1-bedroom Apartment, City Center (Monthly)

$489 COP 2M

$2,450 ISK 305.7K

-80.03%

1-bedroom Apartment, Outside City Center (Monthly)

$379 COP 1.6M

$1,972 ISK 246K

-80.78%

3-bedroom Apartment, City Center (Monthly)

$827 COP 3.4M

$3,228 ISK 402.7K

-74.38%

3-bedroom Apartment, Outside City Center (Monthly)

$729 COP 3M

$2,556 ISK 318.8K

-71.47%

Buy Apartment in City Center (m2)

$2,190 COP 9.1M

$6,999 ISK 873.1K

-68.71%

Buy Apartment Outside City Center (m2)

$1,532 COP 6.4M

$6,881 ISK 858.4K

-77.73%

Average Monthly Net Salary (After Tax)

$550 COP 2.3M

$4,723 ISK 589.2K

-88.36%

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 Hafnarfjordur: October 29, 2025

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