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

🙂 Solo nomad: Medellin is 65.1% cheaper than Keflavik without rent, and 63.7% cheaper with rent.

🙂 Family of 3: Medellin is 67.9% cheaper than Keflavik without rent, and 62.4% cheaper with rent.

Meal at Budget Restaurant

$5.97 COP 21.9K

$23.80 ISK 2,997

-74.92%

Three-Course Dinner for Two, Mid-Range

$32.40 COP 119.0K

$143 ISK 18.0K

-77.38%

Fast Food Meal (McDonalds, etc)

$7.13 COP 26.2K

$20.37 ISK 2,565

-65.00%

Cappuccino

$1.65 COP 6,043

$4.11 ISK 518

-59.85%

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

$1.06 COP 3,882

$3.26 ISK 411

-67.48%

Water (0.33 liter bottle)

$0.77 COP 2,839

$2.55 ISK 321

-69.80%

Local Beer (0.5 liter draught)

$1.75 COP 6,419

$7.82 ISK 986

-77.62%

Imported Beer (0.33 liter bottle)

$3.06 COP 11.2K

$8.01 ISK 1,009

-61.80%

Milk (1 liter)

$1.10 COP 4,026

$1.97 ISK 248

-44.16%

White Bread (500g)

$1.30 COP 4,771

$4.35 ISK 548

-70.11%

Rice (white) (1kg)

$1.34 COP 4,906

$2.39 ISK 301

-43.93%

Eggs

$2.26 COP 8,300

$6.34 ISK 799

-64.35%

Local Cheese (1kg)

$4.50 COP 16.5K

$17.88 ISK 2,253

-74.83%

Chicken Fillets (1kg)

$5.80 COP 21.3K

$24.13 ISK 3,039

-75.96%

Beef Round Steak (1kg)

$8.96 COP 32.9K

$41.80 ISK 5,266

-78.56%

Apples (1kg)

$2.37 COP 8,692

$2.46 ISK 310

-3.66%

Banana (1kg)

$1.07 COP 3,940

$2.39 ISK 301

-55.23%

Oranges (1kg)

$1.48 COP 5,419

$2.48 ISK 312

-40.32%

Tomato (1kg)

$1.36 COP 5,012

$3.94 ISK 496

-65.48%

Potato (1kg)

$1.13 COP 4,136

$3.07 ISK 386

-63.19%

Onion (1kg)

$1.13 COP 4,161

$2.12 ISK 267

-46.70%

Lettuce (1 head)

$0.89 COP 3,275

$3.19 ISK 401

-72.10%

Water (1.5 liter bottle)

$0.85 COP 3,114

$1.95 ISK 245

-56.41%

Cigarettes 20 Pack (Marlboro, Camel)

$2.28 COP 8,361

$13.57 ISK 1,709

-83.20%

Wine (Bottle)

$10.15 COP 37.3K

$15.59 ISK 1,964

-34.89%

Local Beer (0.5 liter bottle)

$1.19 COP 4,359

$3.55 ISK 448

-66.48%

Imported Beer (0.33 liter bottle)

$2.40 COP 8,829

$2.85 ISK 359

-15.79%

One-way Ticket (Public Transport)

$0.84 COP 3,075

$3.52 ISK 443

-76.14%

Public Transport Monthly Pass (Regular Price)

$40.85 COP 150.0K

$75.1 ISK 9,461

-45.61%

Taxi Start (Normal Tariff)

$1.48 COP 5,417

$6.28 ISK 791

-76.43%

Taxi (Normal Tariff) (1km)

$1.89 COP 6,950

$2.29 ISK 288

-17.47%

Taxi 1hour Waiting (Normal Tariff)

$8.05 COP 29.5K

$86.9 ISK 10.9K

-90.74%

Gasoline (1 liter)

$0.94 COP 3,455

$2.45 ISK 309

-61.63%

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

$17.7K COP 65.2M

$46.8K ISK 5.9M

-62.06%

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

$26.4K COP 96.8M

$52.5K ISK 6.6M

-49.83%

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

$81.9 COP 300.7K

$87.4 ISK 11.0K

-6.25%

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

$9.54 COP 35.0K

$27.11 ISK 3,415

-64.81%

Internet (50+ Mbps, Unlimited Data)

$23.68 COP 87.0K

$86.0 ISK 10.8K

-72.45%

Gym Membership (Monthly)

$25.85 COP 94.9K

Tennis Court (1 Hour on Weekend)

$18.72 COP 68.7K

Cinema Ticket

$4.05 COP 14.9K

$17.32 ISK 2,181

-76.62%

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

$316 COP 1.2M

$326 ISK 41.1K

-3.10%

International Primary School, 1 Child (Yearly)

$5,971 COP 21.9M

$30.4K ISK 3.8M

-80.33%

Jeans (Levis 501 Or Similar)

$59.0 COP 216.5K

$141 ISK 17.8K

-58.30%

Summer Dress (H&M, Zara, etc)

$32.49 COP 119.3K

$62.6 ISK 7,881

-48.07%

Sport Shoes (Adidas, Nike)

$99.9 COP 366.7K

$185 ISK 23.3K

-45.92%

Men's Leather Business Shoes

$108 COP 394.9K

$188 ISK 23.7K

-42.94%

1-bedroom Apartment, City Center (Monthly)

$491 COP 1.8M

$1,870 ISK 235.6K

-73.72%

1-bedroom Apartment, Outside City Center (Monthly)

$371 COP 1.4M

$1,302 ISK 164.1K

-71.50%

3-bedroom Apartment, City Center (Monthly)

$821 COP 3.0M

$2,438 ISK 307.1K

-66.31%

3-bedroom Apartment, Outside City Center (Monthly)

$731 COP 2.7M

$2,042 ISK 257.2K

-64.20%

Buy Apartment in City Center (m2)

$3,019 COP 11.1M

Buy Apartment Outside City Center (m2)

$1,332 COP 4.9M

Average Monthly Net Salary (After Tax)

$517 COP 1.9M

$3,649 ISK 459.6K

-85.83%

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 Keflavik: 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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