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

🙂 Solo nomad: Medellin is 64.2% cheaper than Hafnarfjordur without rent, and 72.6% cheaper with rent.

🙂 Family of 3: Medellin is 67.9% cheaper than Hafnarfjordur without rent, and 68.2% cheaper with rent.

Meal at Budget Restaurant

$5.97 COP 21.9K

$27.05 ISK 3,407

-77.93%

Three-Course Dinner for Two, Mid-Range

$32.40 COP 119.0K

$144 ISK 18.1K

-77.47%

Fast Food Meal (McDonalds, etc)

$7.13 COP 26.2K

$16.33 ISK 2,057

-56.34%

Cappuccino

$1.65 COP 6,043

$6.19 ISK 780

-73.34%

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

$1.06 COP 3,882

$3.30 ISK 416

-67.88%

Water (0.33 liter bottle)

$0.77 COP 2,839

$2.52 ISK 317

-69.44%

Local Beer (0.5 liter draught)

$1.75 COP 6,418

$12.82 ISK 1,615

-86.35%

Imported Beer (0.33 liter bottle)

$3.06 COP 11.2K

$11.18 ISK 1,409

-72.63%

Milk (1 liter)

$1.10 COP 4,026

$1.64 ISK 207

-32.93%

White Bread (500g)

$1.30 COP 4,771

$4.25 ISK 536

-69.41%

Rice (white) (1kg)

$1.34 COP 4,905

$3.61 ISK 455

-62.88%

Eggs

$2.26 COP 8,299

$6.53 ISK 822

-65.39%

Local Cheese (1kg)

$4.50 COP 16.5K

$18.48 ISK 2,328

-75.65%

Chicken Fillets (1kg)

$5.80 COP 21.3K

$24.11 ISK 3,038

-75.94%

Beef Round Steak (1kg)

$8.96 COP 32.9K

$42.19 ISK 5,315

-78.76%

Apples (1kg)

$2.37 COP 8,691

$3.24 ISK 408

-26.85%

Banana (1kg)

$1.07 COP 3,939

$2.46 ISK 310

-56.50%

Oranges (1kg)

$1.48 COP 5,418

$2.99 ISK 377

-50.50%

Tomato (1kg)

$1.36 COP 5,011

$5.09 ISK 641

-73.28%

Potato (1kg)

$1.13 COP 4,135

$3.57 ISK 449

-68.35%

Onion (1kg)

$1.13 COP 4,161

$2.33 ISK 293

-51.50%

Lettuce (1 head)

$0.89 COP 3,274

$3.10 ISK 390

-71.29%

Water (1.5 liter bottle)

$0.85 COP 3,114

$2.03 ISK 255

-58.13%

Cigarettes 20 Pack (Marlboro, Camel)

$2.28 COP 8,361

$13.49 ISK 1,699

-83.10%

Wine (Bottle)

$10.15 COP 37.3K

$24.10 ISK 3,036

-57.88%

Local Beer (0.5 liter bottle)

$1.19 COP 4,359

$3.62 ISK 456

-67.13%

Imported Beer (0.33 liter bottle)

$2.40 COP 8,828

$3.23 ISK 407

-25.70%

One-way Ticket (Public Transport)

$0.84 COP 3,074

$5.17 ISK 652

-83.75%

Public Transport Monthly Pass (Regular Price)

$40.85 COP 150.0K

$83.4 ISK 10.5K

-51.04%

Taxi Start (Normal Tariff)

$1.48 COP 5,417

$6.17 ISK 777

-76.01%

Taxi (Normal Tariff) (1km)

$1.89 COP 6,949

$2.64 ISK 332

-28.41%

Taxi 1hour Waiting (Normal Tariff)

$8.05 COP 29.5K

$86.5 ISK 10.9K

-90.69%

Gasoline (1 liter)

$0.94 COP 3,455

$2.48 ISK 313

-62.10%

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

$17.7K COP 65.1M

$46.5K ISK 5.9M

-61.81%

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

$26.4K COP 96.8M

$52.8K ISK 6.7M

-50.12%

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

$81.9 COP 300.7K

$67.5 ISK 8,507

21.26%

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

$9.54 COP 35.0K

$27.42 ISK 3,454

-65.21%

Internet (50+ Mbps, Unlimited Data)

$23.68 COP 87.0K

$85.3 ISK 10.7K

-72.22%

Gym Membership (Monthly)

$25.85 COP 94.9K

$63.7 ISK 8,026

-59.43%

Tennis Court (1 Hour on Weekend)

$18.72 COP 68.7K

Cinema Ticket

$4.05 COP 14.9K

$16.37 ISK 2,063

-75.26%

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

$316 COP 1.2M

$316 ISK 39.8K

-0.14%

International Primary School, 1 Child (Yearly)

$5,971 COP 21.9M

$29.8K ISK 3.7M

-79.94%

Jeans (Levis 501 Or Similar)

$59.0 COP 216.4K

$120 ISK 15.1K

-50.86%

Summer Dress (H&M, Zara, etc)

$32.49 COP 119.3K

$61.8 ISK 7,784

-47.42%

Sport Shoes (Adidas, Nike)

$99.9 COP 366.7K

$122 ISK 15.3K

-17.81%

Men's Leather Business Shoes

$108 COP 394.9K

$265 ISK 33.4K

-59.49%

1-bedroom Apartment, City Center (Monthly)

$491 COP 1.8M

$2,373 ISK 299.0K

-79.29%

1-bedroom Apartment, Outside City Center (Monthly)

$371 COP 1.4M

$2,041 ISK 257.1K

-81.81%

3-bedroom Apartment, City Center (Monthly)

$821 COP 3.0M

$3,241 ISK 408.3K

-74.66%

3-bedroom Apartment, Outside City Center (Monthly)

$731 COP 2.7M

$2,555 ISK 321.8K

-71.38%

Buy Apartment in City Center (m2)

$3,019 COP 11.1M

$6,838 ISK 861.3K

-55.84%

Buy Apartment Outside City Center (m2)

$1,332 COP 4.9M

$6,703 ISK 844.4K

-80.13%

Average Monthly Net Salary (After Tax)

$517 COP 1.9M

$4,521 ISK 569.5K

-88.56%

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: January 12, 2026

Last update for Hafnarfjordur: January 11, 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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