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

🙂 Solo nomad: Medellin is 67.9% cheaper than Hafnarfjordur without rent, and 72.2% cheaper with rent.

🙂 Family of 3: Medellin is 67.3% cheaper than Hafnarfjordur without rent, and 68.7% cheaper with rent.

Meal at Budget Restaurant

$6.03 COP 22.8K

$27.08 ISK 3,389

-77.73%

Three-Course Dinner for Two, Mid-Range

$33.17 COP 125.6K

$146 ISK 18.2K

-77.22%

Fast Food Meal (McDonalds, etc)

$7.29 COP 27.6K

$16.50 ISK 2,065

-55.82%

Cappuccino

$1.63 COP 6,170

$6.20 ISK 775

-73.71%

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

$1.05 COP 3,971

$3.36 ISK 421

-68.75%

Water (0.33 liter bottle)

$0.77 COP 2,916

$2.64 ISK 330

-70.83%

Local Beer (0.5 liter draught)

$1.73 COP 6,550

$12.84 ISK 1,606

-86.53%

Imported Beer (0.33 liter bottle)

$3.18 COP 12.0K

$11.42 ISK 1,429

-72.15%

Milk (1 liter)

$1.07 COP 4,040

$1.69 ISK 211

-36.69%

White Bread (500g)

$1.31 COP 4,965

$4.36 ISK 545

-69.95%

Rice (white) (1kg)

$1.38 COP 5,227

$3.56 ISK 445

-61.24%

Eggs

$2.25 COP 8,509

$6.41 ISK 802

-64.90%

Local Cheese (1kg)

$4.48 COP 17.0K

$17.79 ISK 2,226

-74.82%

Chicken Fillets (1kg)

$5.74 COP 21.7K

$24.17 ISK 3,025

-76.25%

Beef Round Steak (1kg)

$8.86 COP 33.6K

$42.16 ISK 5,276

-78.98%

Apples (1kg)

$2.24 COP 8,490

$3.23 ISK 404

-30.65%

Banana (1kg)

$1.06 COP 4,012

$2.36 ISK 295

-55.08%

Oranges (1kg)

$1.51 COP 5,732

$3.02 ISK 378

-50.00%

Tomato (1kg)

$1.36 COP 5,151

$4.92 ISK 615

-72.36%

Potato (1kg)

$1.12 COP 4,244

$3.59 ISK 449

-68.80%

Onion (1kg)

$1.17 COP 4,427

$2.45 ISK 306

-52.24%

Lettuce (1 head)

$0.90 COP 3,416

$3.16 ISK 396

-71.52%

Water (1.5 liter bottle)

$0.84 COP 3,169

$1.99 ISK 249

-57.79%

Cigarettes 20 Pack (Marlboro, Camel)

$2.26 COP 8,553

$13.78 ISK 1,724

-83.60%

Wine (Bottle)

$9.97 COP 37.8K

$24.14 ISK 3,020

-58.70%

Local Beer (0.5 liter bottle)

$1.18 COP 4,479

$3.58 ISK 448

-67.04%

Imported Beer (0.33 liter bottle)

$2.39 COP 9,048

$3.25 ISK 407

-26.46%

One-way Ticket (Public Transport)

$0.86 COP 3,253

$4.94 ISK 618

-82.59%

Public Transport Monthly Pass (Regular Price)

$41.45 COP 156.9K

$84.2 ISK 10.5K

-50.77%

Taxi Start (Normal Tariff)

$1.47 COP 5,555

$6.17 ISK 772

-76.18%

Taxi (Normal Tariff) (1km)

$1.95 COP 7,367

$2.65 ISK 332

-26.42%

Taxi 1hour Waiting (Normal Tariff)

$7.76 COP 29.4K

$84.8 ISK 10.6K

-90.85%

Gasoline (1 liter)

$0.97 COP 3,663

$2.44 ISK 305

-60.25%

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

$17.9K COP 68.0M

$47.2K ISK 5.9M

-62.01%

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

$26.7K COP 101.2M

$53.1K ISK 6.6M

-49.66%

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

$81.1 COP 307.1K

$68.3 ISK 8,552

18.69%

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

$9.40 COP 35.6K

$27.37 ISK 3,425

-65.66%

Internet (50+ Mbps, Unlimited Data)

$23.61 COP 89.4K

$86.7 ISK 10.9K

-72.77%

Gym Membership (Monthly)

$25.55 COP 96.7K

$64.5 ISK 8,074

-60.40%

Tennis Court (1 Hour on Weekend)

$19.29 COP 73.0K

Cinema Ticket

$4.10 COP 15.5K

$16.42 ISK 2,054

-75.03%

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

$306 COP 1.2M

$325 ISK 40.7K

-5.88%

International Primary School, 1 Child (Yearly)

$5,899 COP 22.3M

$30.3K ISK 3.8M

-80.54%

Jeans (Levis 501 Or Similar)

$59.8 COP 226.5K

$121 ISK 15.1K

-50.39%

Summer Dress (H&M, Zara, etc)

$31.96 COP 121.0K

$62.1 ISK 7,770

-48.53%

Sport Shoes (Adidas, Nike)

$103 COP 388.8K

$120 ISK 15.0K

-14.40%

Men's Leather Business Shoes

$108 COP 408.4K

$262 ISK 32.8K

-58.82%

1-bedroom Apartment, City Center (Monthly)

$483 COP 1.8M

$2,438 ISK 305.1K

-80.18%

1-bedroom Apartment, Outside City Center (Monthly)

$377 COP 1.4M

$1,980 ISK 247.8K

-80.95%

3-bedroom Apartment, City Center (Monthly)

$822 COP 3.1M

$3,271 ISK 409.3K

-74.88%

3-bedroom Apartment, Outside City Center (Monthly)

$721 COP 2.7M

$2,522 ISK 315.6K

-71.41%

Buy Apartment in City Center (m2)

$2,784 COP 10.5M

$7,005 ISK 876.6K

-60.26%

Buy Apartment Outside City Center (m2)

$1,320 COP 5.0M

$7,010 ISK 877.3K

-81.17%

Average Monthly Net Salary (After Tax)

$538 COP 2.0M

$4,758 ISK 595.4K

-88.70%

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: March 3, 2026

Last update for Hafnarfjordur: March 2, 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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