Cost of Living Comparison Between Medellin and Kopavogur Cost of Living Comparison Between Medellin and Kopavogur

🙂 Solo nomad: Medellin is 69.5% cheaper than Kopavogur without rent, and 39.6% cheaper with rent.

🙂 Family of 3: Medellin is 63.5% cheaper than Kopavogur without rent, and 46.2% cheaper with rent.

Meal at Budget Restaurant

$5.97 COP 21.9K

$27.01 ISK 3,402

-77.90%

Three-Course Dinner for Two, Mid-Range

$32.40 COP 119.0K

$95.2 ISK 12.0K

-65.95%

Fast Food Meal (McDonalds, etc)

$7.13 COP 26.2K

$22.81 ISK 2,873

-68.74%

Cappuccino

$1.65 COP 6,043

$5.99 ISK 755

-72.45%

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

$1.06 COP 3,882

$2.07 ISK 260

-48.79%

Water (0.33 liter bottle)

$0.77 COP 2,839

$2.61 ISK 329

-70.50%

Local Beer (0.5 liter draught)

$1.75 COP 6,418

$10.39 ISK 1,309

-83.16%

Imported Beer (0.33 liter bottle)

$3.06 COP 11.2K

$11.12 ISK 1,401

-72.48%

Milk (1 liter)

$1.10 COP 4,026

$1.71 ISK 215

-35.67%

White Bread (500g)

$1.30 COP 4,771

$4.30 ISK 542

-69.77%

Rice (white) (1kg)

$1.34 COP 4,905

$3.74 ISK 471

-64.17%

Eggs

$2.26 COP 8,299

$6.23 ISK 785

-63.72%

Local Cheese (1kg)

$4.50 COP 16.5K

$17.88 ISK 2,253

-74.83%

Chicken Fillets (1kg)

$5.80 COP 21.3K

$24.24 ISK 3,053

-76.07%

Beef Round Steak (1kg)

$8.96 COP 32.9K

$42.31 ISK 5,329

-78.82%

Apples (1kg)

$2.37 COP 8,691

$3.25 ISK 409

-27.08%

Banana (1kg)

$1.07 COP 3,939

$2.54 ISK 319

-57.87%

Oranges (1kg)

$1.48 COP 5,418

$2.97 ISK 375

-50.17%

Tomato (1kg)

$1.36 COP 5,011

$4.86 ISK 613

-72.02%

Potato (1kg)

$1.13 COP 4,135

$3.52 ISK 443

-67.90%

Onion (1kg)

$1.13 COP 4,161

$2.37 ISK 298

-52.32%

Lettuce (1 head)

$0.89 COP 3,274

$3.17 ISK 399

-71.92%

Water (1.5 liter bottle)

$0.85 COP 3,114

$1.99 ISK 251

-57.29%

Cigarettes 20 Pack (Marlboro, Camel)

$2.28 COP 8,361

$13.54 ISK 1,706

-83.16%

Wine (Bottle)

$10.15 COP 37.3K

$23.57 ISK 2,970

-56.94%

Local Beer (0.5 liter bottle)

$1.19 COP 4,359

$3.61 ISK 455

-67.04%

Imported Beer (0.33 liter bottle)

$2.40 COP 8,828

$3.38 ISK 425

-28.99%

One-way Ticket (Public Transport)

$0.84 COP 3,074

$4.35 ISK 547

-80.69%

Public Transport Monthly Pass (Regular Price)

$40.85 COP 150.0K

$73.6 ISK 9,274

-44.51%

Taxi Start (Normal Tariff)

$1.48 COP 5,417

$5.71 ISK 719

-74.08%

Taxi (Normal Tariff) (1km)

$1.89 COP 6,949

$2.65 ISK 334

-28.68%

Taxi 1hour Waiting (Normal Tariff)

$8.05 COP 29.5K

$87.0 ISK 11.0K

-90.74%

Gasoline (1 liter)

$0.94 COP 3,455

$2.44 ISK 307

-61.48%

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

$17.7K COP 65.1M

$47.5K ISK 6.0M

-62.64%

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

$26.4K COP 96.8M

$52.7K ISK 6.6M

-50.02%

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

$81.9 COP 300.7K

$89.4 ISK 11.3K

-8.38%

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

$9.54 COP 35.0K

$26.93 ISK 3,392

-64.57%

Internet (50+ Mbps, Unlimited Data)

$23.68 COP 87.0K

$86.0 ISK 10.8K

-72.48%

Gym Membership (Monthly)

$25.85 COP 94.9K

$69.4 ISK 8,747

-62.77%

Tennis Court (1 Hour on Weekend)

$18.72 COP 68.7K

Cinema Ticket

$4.05 COP 14.9K

$16.39 ISK 2,065

-75.29%

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

$316 COP 1.2M

$318 ISK 40.1K

-0.80%

International Primary School, 1 Child (Yearly)

$5,971 COP 21.9M

$30.5K ISK 3.8M

-80.45%

Jeans (Levis 501 Or Similar)

$59.0 COP 216.4K

$140 ISK 17.7K

-58.03%

Summer Dress (H&M, Zara, etc)

$32.49 COP 119.3K

$52.1 ISK 6,560

-37.62%

Sport Shoes (Adidas, Nike)

$99.9 COP 366.7K

$160 ISK 20.2K

-37.73%

Men's Leather Business Shoes

$108 COP 394.9K

$269 ISK 33.9K

-60.01%

1-bedroom Apartment, City Center (Monthly)

$491 COP 1.8M

1-bedroom Apartment, Outside City Center (Monthly)

$371 COP 1.4M

3-bedroom Apartment, City Center (Monthly)

$821 COP 3.0M

3-bedroom Apartment, Outside City Center (Monthly)

$731 COP 2.7M

Buy Apartment in City Center (m2)

$3,019 COP 11.1M

$5,943 ISK 748.6K

-49.19%

Buy Apartment Outside City Center (m2)

$1,332 COP 4.9M

$5,918 ISK 745.5K

-77.49%

Average Monthly Net Salary (After Tax)

$517 COP 1.9M

$5,169 ISK 651.2K

-90.00%

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 Kopavogur: January 13, 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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