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

🙂 Solo nomad: Medellin is 65% cheaper than Keflavik without rent, and 64.9% cheaper with rent.

🙂 Family of 3: Medellin is 65.8% cheaper than Keflavik without rent, and 64.4% cheaper with rent.

Meal at Budget Restaurant

$6.23 COP 26K

$24.08 ISK 3,004

-74.13%

Three-Course Dinner for Two, Mid-Range

$32.34 COP 134.8K

$144 ISK 18K

-77.52%

Fast Food Meal (McDonalds, etc)

$7.39 COP 30.8K

$20.26 ISK 2,528

-63.52%

Cappuccino

$1.72 COP 7,155

$4.01 ISK 500

-57.11%

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

$1.1 COP 4,575

$3.14 ISK 391

-64.97%

Water (0.33 liter bottle)

$0.73 COP 3,060

$2.61 ISK 326

-72.03%

Local Beer (0.5 liter draught)

$1.66 COP 6,916

$7.94 ISK 990

-79.09%

Imported Beer (0.33 liter bottle)

$3.2 COP 13.3K

$8.01 ISK 1,000

-60.05%

Milk (1 liter)

$1.09 COP 4,552

$1.88 ISK 234

-42.02%

White Bread (500g)

$1.24 COP 5,188

$4.31 ISK 537

-71.23%

Rice (white) (1kg)

$1.33 COP 5,544

$2.37 ISK 296

-43.88%

Eggs

$2.22 COP 9,252

$6.12 ISK 764

-63.73%

Local Cheese (1kg)

$4.55 COP 19K

$18.3 ISK 2,283

-75.14%

Chicken Fillets (1kg)

$5.71 COP 23.8K

$23.39 ISK 2,917

-75.59%

Beef Round Steak (1kg)

$8.59 COP 35.8K

$41.94 ISK 5,232

-79.52%

Apples (1kg)

$2.26 COP 9,410

$2.45 ISK 306

-7.76%

Banana (1kg)

$1.07 COP 4,461

$2.48 ISK 309

-56.85%

Oranges (1kg)

$1.51 COP 6,293

$2.44 ISK 305

-38.11%

Tomato (1kg)

$1.42 COP 5,911

$3.94 ISK 491

-63.96%

Potato (1kg)

$1.11 COP 4,619

$3.15 ISK 393

-64.76%

Onion (1kg)

$1.18 COP 4,932

$2.06 ISK 257

-42.72%

Lettuce (1 head)

$0.89 COP 3,718

$3.17 ISK 396

-71.92%

Water (1.5 liter bottle)

$0.84 COP 3,507

$1.91 ISK 239

-56.02%

Cigarettes 20 Pack (Marlboro, Camel)

$2.35 COP 9,809

$13.46 ISK 1,680

-82.54%

Wine (Bottle)

$9.34 COP 38.9K

$16.37 ISK 2,042

-42.94%

Local Beer (0.5 liter bottle)

$1.18 COP 4,927

$3.64 ISK 454

-67.58%

Imported Beer (0.33 liter bottle)

$2.49 COP 10.4K

$2.77 ISK 346

-10.11%

One-way Ticket (Public Transport)

$0.83 COP 3,464

$3.7 ISK 461

-77.57%

Public Transport Monthly Pass (Regular Price)

$41.9 COP 174.7K

$74.4 ISK 9,282

-43.69%

Taxi Start (Normal Tariff)

$1.41 COP 5,899

$6.28 ISK 783

-77.55%

Taxi (Normal Tariff) (1km)

$1.96 COP 8,164

$2.36 ISK 294

-16.95%

Taxi 1hour Waiting (Normal Tariff)

$7.85 COP 32.7K

$87.6 ISK 10.9K

-91.04%

Gasoline (1 liter)

$1.02 COP 4,265

$2.48 ISK 310

-58.87%

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

$17.6K COP 73.4M

$47.5K ISK 5.9M

-62.97%

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

$26.2K COP 109.2M

$52.5K ISK 6.6M

-50.11%

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

$82.5 COP 344.1K

$86.6 ISK 10.8K

-4.67%

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

$9.44 COP 39.4K

$27.89 ISK 3,479

-66.15%

Internet (50+ Mbps, Unlimited Data)

$23.51 COP 98K

$84.8 ISK 10.6K

-72.29%

Gym Membership (Monthly)

$25.68 COP 107.1K

Tennis Court (1 Hour on Weekend)

$19.14 COP 79.8K

Cinema Ticket

$3.96 COP 16.5K

$17.59 ISK 2,194

-77.49%

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

$305 COP 1.3M

$326 ISK 40.7K

-6.55%

International Primary School, 1 Child (Yearly)

$5,925 COP 24.7M

$29.7K ISK 3.7M

-80.06%

Jeans (Levis 501 Or Similar)

$57.9 COP 241.4K

$138 ISK 17.2K

-58.00%

Summer Dress (H&M, Zara, etc)

$31.59 COP 131.7K

$61.2 ISK 7,638

-48.40%

Sport Shoes (Adidas, Nike)

$103 COP 430.1K

$186 ISK 23.2K

-44.42%

Men's Leather Business Shoes

$106 COP 440.5K

$184 ISK 22.9K

-42.50%

1-bedroom Apartment, City Center (Monthly)

$489 COP 2M

$1,854 ISK 231.3K

-73.60%

1-bedroom Apartment, Outside City Center (Monthly)

$379 COP 1.6M

$1,347 ISK 168.1K

-71.87%

3-bedroom Apartment, City Center (Monthly)

$827 COP 3.4M

$2,480 ISK 309.4K

-66.66%

3-bedroom Apartment, Outside City Center (Monthly)

$729 COP 3M

$1,978 ISK 246.7K

-63.13%

Buy Apartment in City Center (m2)

$2,190 COP 9.1M

Buy Apartment Outside City Center (m2)

$1,532 COP 6.4M

Average Monthly Net Salary (After Tax)

$550 COP 2.3M

$3,802 ISK 474.4K

-85.54%

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 Keflavik: October 28, 2025

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