Last update: Oct 2026

Cost of Living Comparison Between Medellin and Kirkjubaejarklaustur

For one person, living is cheaper in Medellin: $1,614 a month against $1,714 in Kirkjubaejarklaustur, rent and utilities included – about $1,200 less a year. The total is higher in Kirkjubaejarklaustur despite lower rent and utilities.

79

Cost of Living Index in Medellin
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Medellin Living Index
84

Cost of Living Index in Kirkjubaejarklaustur
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Kirkjubaejarklaustur Living Index

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Medellin

🇨🇴 Colombia

$1,614

/mo nomad

Kirkjubaejarklaustur

🇮🇸 Iceland

$1,714

/mo nomad

Monthly Cost of Living

How much you'll spend in Medellin and in Kirkjubaejarklaustur

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Medellin and in Kirkjubaejarklaustur actually costs, broken down by who's living it.

A single person spends $1,614 per month in Medellin vs $1,714 in Kirkjubaejarklaustur, rent included.

Medellin $1,614
Kirkjubaejarklaustur $1,714

A couple spends around $2,402 per month in Medellin vs $2,914 in Kirkjubaejarklaustur, rent included.

Medellin $2,402
Kirkjubaejarklaustur $2,914

A family of three spends $3,190 per month in Medellin vs $4,114 in Kirkjubaejarklaustur, rent included.

Medellin $3,190
Kirkjubaejarklaustur $4,114

Medellin is about 6% cheaper than Kirkjubaejarklaustur, and outside of rent the biggest gap is in eating out.

Both Medellin and Kirkjubaejarklaustur sit above the global median – Medellin by 20%, Kirkjubaejarklaustur by 27%.

Meal at Budget Restaurant

$7.93 COP 25.1K

$31.33 ISK 3,800

-74.69%

Three-Course Dinner for Two, Mid-Range

$46.13 COP 146.2K

$121 ISK 14.7K

-62.01%

Fast Food Meal (McDonalds, etc)

$9.50 COP 30.1K

$26.98 ISK 3,273

-64.79%

Cappuccino

$3.11 COP 9,860

$6.75 ISK 818

-53.93%

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

$1.83 COP 5,796

$3.39 ISK 411

-46.02%

Water (0.33 liter bottle)

$1.38 COP 4,357

$3.02 ISK 367

-54.30%

Local Beer (0.5 liter draught)

$3.05 COP 9,666

$13.79 ISK 1,673

-77.88%

Imported Beer (0.33 liter bottle)

$5.50 COP 17.4K

$12.07 ISK 1,464

-54.43%

Milk (1 liter)

$1.45 COP 4,597

$2.08 ISK 252

-30.29%

White Bread (500g)

$2.36 COP 7,491

$4.26 ISK 517

-44.60%

Rice (white) (1kg)

$1.68 COP 5,325

$3.54 ISK 430

-52.54%

Eggs

$2.86 COP 9,072

$6.98 ISK 847

-59.03%

Local Cheese (1kg)

$10.19 COP 32.3K

$21.64 ISK 2,624

-52.91%

Chicken Fillets (1kg)

$9.53 COP 30.2K

$23.93 ISK 2,902

-60.18%

Beef Round Steak (1kg)

$14.04 COP 44.5K

$41.22 ISK 5,000

-65.94%

Apples (1kg)

$4.07 COP 12.9K

$3.35 ISK 406

21.49%

Banana (1kg)

$1.50 COP 4,739

$2.84 ISK 345

-47.18%

Oranges (1kg)

$2.17 COP 6,887

$3.24 ISK 393

-33.02%

Tomato (1kg)

$2.31 COP 7,305

$6.66 ISK 807

-65.32%

Potato (1kg)

$1.93 COP 6,110

$3.88 ISK 470

-50.26%

Onion (1kg)

$1.64 COP 5,193

$1.71 ISK 208

-4.09%

Lettuce (1 head)

$1.13 COP 3,568

$3.64 ISK 442

-68.96%

Water (1.5 liter bottle)

$1.25 COP 3,952

$1.83 ISK 222

-31.69%

Cigarettes 20 Pack (Marlboro, Camel)

$3.99 COP 12.6K

$13.73 ISK 1,665

-70.94%

Wine (Bottle)

$13.35 COP 42.3K

$23.92 ISK 2,902

-44.19%

Local Beer (0.5 liter bottle)

$1.70 COP 5,380

$3.65 ISK 443

-53.42%

Imported Beer (0.33 liter bottle)

$2.37 COP 7,520

$3.34 ISK 405

-29.04%

One-way Ticket (Public Transport)

$1.21 COP 3,825

Public Transport Monthly Pass (Regular Price)

$76.5 COP 242.4K

Taxi Start (Normal Tariff)

$1.32 COP 4,177

$6.75 ISK 818

-80.44%

Taxi (Normal Tariff) (1km)

$2.14 COP 6,770

$2.81 ISK 341

-23.84%

Taxi 1hour Waiting (Normal Tariff)

$8.47 COP 26.8K

$81.7 ISK 9,907

-89.63%

Gasoline (1 liter)

$1.30 COP 4,112

$2.03 ISK 246

-35.96%

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

$28.0K COP 88.7M

$51.1K ISK 6.2M

-45.25%

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

$35.4K COP 112.2M

$54.3K ISK 6.6M

-34.79%

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

$172 COP 545.3K

$94.9 ISK 11.5K

81.26%

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

$13.37 COP 42.4K

$32.23 ISK 3,909

-58.52%

Internet (50+ Mbps, Unlimited Data)

$28.73 COP 91.0K

$86.9 ISK 10.5K

-66.95%

Gym Membership (Monthly)

$45.24 COP 143.4K

Tennis Court (1 Hour on Weekend)

$17.04 COP 54.0K

Cinema Ticket

$6.28 COP 19.9K

$19.89 ISK 2,412

-68.43%

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

$770 COP 2.4M

$1,184 ISK 143.6K

-34.94%

International Primary School, 1 Child (Yearly)

$9,011 COP 28.6M

$25.4K ISK 3.1M

-64.53%

Jeans (Levis 501 Or Similar)

$86.4 COP 273.8K

$147 ISK 17.9K

-41.30%

Summer Dress (H&M, Zara, etc)

$57.1 COP 181.0K

$66.1 ISK 8,016

-13.56%

Sport Shoes (Adidas, Nike)

$137 COP 432.6K

$184 ISK 22.3K

-25.84%

Men's Leather Business Shoes

$97.9 COP 310.2K

$248 ISK 30.1K

-60.53%

1-bedroom Apartment, City Center (Monthly)

$1,055 COP 3.3M

1-bedroom Apartment, Outside City Center (Monthly)

$616 COP 2.0M

3-bedroom Apartment, City Center (Monthly)

$1,892 COP 6.0M

3-bedroom Apartment, Outside City Center (Monthly)

$1,023 COP 3.2M

Buy Apartment in City Center (m2)

$4,059 COP 12.9M

Buy Apartment Outside City Center (m2)

$1,678 COP 5.3M

Average Monthly Net Salary (After Tax)

$652 COP 2.1M

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

8.81

24.18%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Medellin: October 12, 2026

Last update for Kirkjubaejarklaustur: October 12, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Medellin

$616 38.2%

Kirkjubaejarklaustur

- * 0% 100%

Groceries & Markets

Medellin

$295 18.3%

Kirkjubaejarklaustur

$618 36.1% 110% $323

Monthly Utilities & Internet

Medellin

$214 13.3%

Kirkjubaejarklaustur

$214 12.5% 0% $0.1

Clothing & Footwear

Medellin

$170 10.5%

Kirkjubaejarklaustur

$290 16.9% 70.8% $120

Eating Out

Medellin

$168 10.4%

Kirkjubaejarklaustur

$531 31% 216% $363

Getting Around

Medellin

$93 5.8%

Kirkjubaejarklaustur

$21 * 1.2% 77.7% $73

Sport & Entertainment

Medellin

$58 3.6%

Kirkjubaejarklaustur

$40 * 2.3% 31.2% $18

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A mid-range dinner for two costs $46.00 in Medellin versus $121 in Kirkjubaejarklaustur. Monthly groceries follow the same trend: $295 vs $618 – making Medellin the more affordable choice for daily food spending.

Good to know

🇨🇴 Medellin

🇮🇸 Kirkjubaejarklaustur

🕒 Local time

09:28 9:28 AM

14:28 2:28 PM

5 h ahead of Medellin

🌤 Weather

👥 Population

2,486,723

500

💱 Currency

Colombian Peso COP $

Icelandic Króna ISK kr

📈 Exchange rate

10,000 COP = 3.16 USD

10,000 COP = 2.81 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.35 EUR

Exchange rates and currency converter

ISK, USD, EUR to COP – Colombian Peso Converter

🇺🇸 United States Dollar ($)

🇨🇴 Colombian Peso ($)

Colombian Peso exchange rates as of October 16, 2026: 1 USD = 3,169 COP (10,000 COP = 3.16 USD). 1 EUR = 3,554 COP (10,000 COP = 2.81 EUR).

Icelandic Króna exchange rates as of October 16, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.35 EUR).

USD to COP in detail →

On the map

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Between locations

Medellin Kirkjubaejarklaustur 7,840 km ≈ 10 h nonstop flight

From you

Medellin
Kirkjubaejarklaustur

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Medellin vs Kirkjubaejarklaustur: Cost of Living - Frequently Asked Questions

Yes – Kirkjubaejarklaustur is pricier by about 6%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $2,421 per month in Medellin and $2,572 in Kirkjubaejarklaustur. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A mid-range dinner for two costs $46.00 in Medellin and $121 in Kirkjubaejarklaustur. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 110% more in Kirkjubaejarklaustur, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $2,500 monthly budget goes further in Medellin, where all-in costs run around $1,614, than in Kirkjubaejarklaustur at $1,714. In Medellin it covers expenses comfortably, while in Kirkjubaejarklaustur it requires careful planning or may not stretch far enough.

Families tend to lean toward Medellin – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

If budget matters most, go with Medellin. If higher salaries, better infrastructure, or specific career opportunities are the priority, Kirkjubaejarklaustur makes more sense. Both are solid long-term options with distinct trade-offs.