Cost of Living Comparison Between Medellin and Keflavik Cost of Living Comparison Between Medellin and Keflavik

šŸ™‚ Solo nomad: Medellin is 63.4% cheaper than Keflavik without rent, and 64.5% cheaper with rent.
šŸ™‚ Family of 3: Medellin is 59.7% cheaper than Keflavik without rent, and 63.8% cheaper with rent.
Currency
šŸ½ Eating Out
Medellin
Keflavik
Difference
Meal at Budget Restaurant
$6.03 COPĀ 22.8K
$24.37 ISKĀ 3,049
-75.26%
Three-Course Dinner for Two, Mid-Range
$33.17 COPĀ 125.6K
$143 ISKĀ 17.9K
-76.79%
Fast Food Meal (McDonalds, etc)
$7.29 COPĀ 27.6K
$20.19 ISKĀ 2,527
-63.89%
Cappuccino
$1.63 COPĀ 6,170
$3.99 ISKĀ 499
-59.15%
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$1.05 COPĀ 3,971
$3.20 ISKĀ 400
-67.19%
Water (0.33 liter bottle)
$0.77 COPĀ 2,916
$2.51 ISKĀ 314
-69.32%
Local Beer (0.5 liter draught)
$1.73 COPĀ 6,550
$8.22 ISKĀ 1,029
-78.95%
Imported Beer (0.33 liter bottle)
$3.18 COPĀ 12.0K
$7.89 ISKĀ 987
-59.70%
šŸ›’ Groceries & Markets
Medellin
Keflavik
Difference
Milk (1 liter)
$1.07 COPĀ 4,040
$1.96 ISKĀ 246
-45.41%
White Bread (500g)
$1.31 COPĀ 4,965
$4.31 ISKĀ 539
-69.61%
Rice (white) (1kg)
$1.38 COPĀ 5,227
$2.36 ISKĀ 295
-41.53%
Eggs
$2.25 COPĀ 8,509
$6.21 ISKĀ 777
-63.77%
Local Cheese (1kg)
$4.48 COPĀ 17.0K
$17.93 ISKĀ 2,244
-75.01%
Chicken Fillets (1kg)
$5.74 COPĀ 21.7K
$23.44 ISKĀ 2,933
-75.51%
Beef Round Steak (1kg)
$8.86 COPĀ 33.6K
$43.07 ISKĀ 5,390
-79.43%
Apples (1kg)
$2.24 COPĀ 8,490
$2.39 ISKĀ 299
-6.28%
Banana (1kg)
$1.06 COPĀ 4,012
$2.40 ISKĀ 300
-55.83%
Oranges (1kg)
$1.51 COPĀ 5,732
$2.46 ISKĀ 307
-38.62%
Tomato (1kg)
$1.36 COPĀ 5,151
$4.06 ISKĀ 508
-66.50%
Potato (1kg)
$1.12 COPĀ 4,244
$3.18 ISKĀ 397
-64.78%
Onion (1kg)
$1.17 COPĀ 4,427
$2.04 ISKĀ 255
-42.65%
Lettuce (1 head)
$0.90 COPĀ 3,416
$3.13 ISKĀ 391
-71.25%
Water (1.5 liter bottle)
$0.84 COPĀ 3,169
$1.92 ISKĀ 241
-56.25%
Cigarettes 20 Pack (Marlboro, Camel)
$2.26 COPĀ 8,553
$13.59 ISKĀ 1,701
-83.37%
Wine (Bottle)
$9.97 COPĀ 37.8K
$16.49 ISKĀ 2,063
-39.54%
Local Beer (0.5 liter bottle)
$1.18 COPĀ 4,479
$3.75 ISKĀ 470
-68.53%
Imported Beer (0.33 liter bottle)
$2.39 COPĀ 9,048
$2.74 ISKĀ 343
-12.77%
šŸšŒ Getting Around
Medellin
Keflavik
Difference
One-way Ticket (Public Transport)
$0.86 COPĀ 3,253
$3.56 ISKĀ 446
-75.84%
Public Transport Monthly Pass (Regular Price)
$41.45 COPĀ 156.9K
$74.1 ISKĀ 9,271
-44.05%
Taxi Start (Normal Tariff)
$1.47 COPĀ 5,555
$6.27 ISKĀ 784
-76.56%
Taxi (Normal Tariff) (1km)
$1.95 COPĀ 7,367
$2.29 ISKĀ 286
-14.85%
Taxi 1hour Waiting (Normal Tariff)
$7.76 COPĀ 29.4K
$86.6 ISKĀ 10.8K
-91.04%
Gasoline (1 liter)
$0.97 COPĀ 3,663
$2.43 ISKĀ 304
-60.08%
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$17.9K COPĀ 68.0M
$47.6K ISKĀ 6.0M
-62.30%
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$26.7K COPĀ 101.2M
$53.0K ISKĀ 6.6M
-49.57%
šŸ§¾ Monthly Utilities & Internet
Medellin
Keflavik
Difference
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$81.1 COPĀ 307.1K
$88.8 ISKĀ 11.1K
-8.67%
SIM Card Monthly Plan (Calls and 10GB+ Data)
$9.40 COPĀ 35.6K
$27.97 ISKĀ 3,500
-66.39%
Internet (50+ Mbps, Unlimited Data)
$23.61 COPĀ 89.4K
$85.5 ISKĀ 10.7K
-72.38%
šŸŽ‰ Sport & Entertainment
Medellin
Keflavik
Difference
Gym Membership (Monthly)
$25.55 COPĀ 96.7K
-
-
Tennis Court (1 Hour on Weekend)
$19.29 COPĀ 73.0K
-
-
Cinema Ticket
$4.10 COPĀ 15.5K
$17.26 ISKĀ 2,160
-76.25%
šŸ§ø Childcare & Education
Medellin
Keflavik
Difference
Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)
$306 COPĀ 1.2M
$323 ISKĀ 40.5K
-5.37%
International Primary School, 1 Child (Yearly)
$5,899 COPĀ 22.3M
$30.4K ISKĀ 3.8M
-80.59%
šŸ‘•šŸ‘Ÿ Clothing & Footwear
Medellin
Keflavik
Difference
Jeans (Levis 501 Or Similar)
$59.8 COPĀ 226.5K
$139 ISKĀ 17.4K
-57.05%
Summer Dress (H&M, Zara, etc)
$31.96 COPĀ 121.0K
$61.3 ISKĀ 7,673
-47.88%
Sport Shoes (Adidas, Nike)
$103 COPĀ 388.8K
$180 ISKĀ 22.6K
-43.07%
Men's Leather Business Shoes
$108 COPĀ 408.4K
$191 ISKĀ 23.9K
-43.58%
šŸ  Accommodation & Living
Medellin
Keflavik
Difference
1-bedroom Apartment, City Center (Monthly)
$483 COPĀ 1.8M
$1,866 ISKĀ 233.5K
-74.10%
1-bedroom Apartment, Outside City Center (Monthly)
$377 COPĀ 1.4M
$1,319 ISKĀ 165.1K
-71.39%
3-bedroom Apartment, City Center (Monthly)
$822 COPĀ 3.1M
$2,415 ISKĀ 302.2K
-65.98%
3-bedroom Apartment, Outside City Center (Monthly)
$721 COPĀ 2.7M
$2,043 ISKĀ 255.7K
-64.71%
Buy Apartment in City Center (m2)
$2,784 COPĀ 10.5M
-
-
Buy Apartment Outside City Center (m2)
$1,320 COPĀ 5.0M
-
-
šŸ’µ Salaries & Financials
Medellin
Keflavik
Difference
Average Monthly Net Salary (After Tax)
$538 COPĀ 2.0M
$3,742 ISKĀ 468.3K
-85.63%
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 Keflavik: 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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