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

🙂 Solo nomad: Medellin is 64.1% cheaper than Kopavogur without rent, and 41.3% cheaper with rent.

🙂 Family of 3: Medellin is 64% cheaper than Kopavogur without rent, and 47.5% cheaper with rent.

Meal at Budget Restaurant

$6.03 COP 22.8K

$27.11 ISK 3,393

-77.76%

Three-Course Dinner for Two, Mid-Range

$33.17 COP 125.6K

$96.0 ISK 12.0K

-65.44%

Fast Food Meal (McDonalds, etc)

$7.29 COP 27.6K

$22.84 ISK 2,858

-68.08%

Cappuccino

$1.63 COP 6,170

$5.95 ISK 744

-72.61%

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

$1.05 COP 3,971

$2.02 ISK 253

-48.02%

Water (0.33 liter bottle)

$0.77 COP 2,916

$2.61 ISK 327

-70.50%

Local Beer (0.5 liter draught)

$1.73 COP 6,550

$10.43 ISK 1,306

-83.41%

Imported Beer (0.33 liter bottle)

$3.18 COP 12.0K

$11.05 ISK 1,383

-71.22%

Milk (1 liter)

$1.07 COP 4,040

$1.67 ISK 209

-35.93%

White Bread (500g)

$1.31 COP 4,965

$4.19 ISK 525

-68.74%

Rice (white) (1kg)

$1.38 COP 5,227

$3.71 ISK 465

-62.80%

Eggs

$2.25 COP 8,509

$6.46 ISK 808

-65.17%

Local Cheese (1kg)

$4.48 COP 17.0K

$18.42 ISK 2,305

-75.68%

Chicken Fillets (1kg)

$5.74 COP 21.7K

$23.60 ISK 2,954

-75.68%

Beef Round Steak (1kg)

$8.86 COP 33.6K

$42.97 ISK 5,377

-79.38%

Apples (1kg)

$2.24 COP 8,490

$3.19 ISK 399

-29.78%

Banana (1kg)

$1.06 COP 4,012

$2.52 ISK 315

-57.94%

Oranges (1kg)

$1.51 COP 5,732

$3.08 ISK 385

-50.97%

Tomato (1kg)

$1.36 COP 5,151

$5.08 ISK 635

-73.23%

Potato (1kg)

$1.12 COP 4,244

$3.58 ISK 448

-68.72%

Onion (1kg)

$1.17 COP 4,427

$2.32 ISK 290

-49.57%

Lettuce (1 head)

$0.90 COP 3,416

$3.20 ISK 400

-71.88%

Water (1.5 liter bottle)

$0.84 COP 3,169

$1.95 ISK 244

-56.92%

Cigarettes 20 Pack (Marlboro, Camel)

$2.26 COP 8,553

$13.55 ISK 1,696

-83.32%

Wine (Bottle)

$9.97 COP 37.8K

$23.59 ISK 2,952

-57.74%

Local Beer (0.5 liter bottle)

$1.18 COP 4,479

$3.70 ISK 463

-68.11%

Imported Beer (0.33 liter bottle)

$2.39 COP 9,048

$3.21 ISK 402

-25.55%

One-way Ticket (Public Transport)

$0.86 COP 3,253

$4.48 ISK 560

-80.80%

Public Transport Monthly Pass (Regular Price)

$41.45 COP 156.9K

$72.9 ISK 9,120

-43.13%

Taxi Start (Normal Tariff)

$1.47 COP 5,555

$5.80 ISK 726

-74.66%

Taxi (Normal Tariff) (1km)

$1.95 COP 7,367

$2.54 ISK 318

-23.23%

Taxi 1hour Waiting (Normal Tariff)

$7.76 COP 29.4K

$87.8 ISK 11.0K

-91.16%

Gasoline (1 liter)

$0.97 COP 3,663

$2.45 ISK 307

-60.41%

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

$17.9K COP 68.0M

$46.5K ISK 5.8M

-61.37%

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

$26.7K COP 101.2M

$53.0K ISK 6.6M

-49.55%

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

$81.1 COP 307.1K

$89.3 ISK 11.2K

-9.17%

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

$9.40 COP 35.6K

$27.91 ISK 3,493

-66.32%

Internet (50+ Mbps, Unlimited Data)

$23.61 COP 89.4K

$86.6 ISK 10.8K

-72.73%

Gym Membership (Monthly)

$25.55 COP 96.7K

$69.0 ISK 8,632

-62.96%

Tennis Court (1 Hour on Weekend)

$19.29 COP 73.0K

Cinema Ticket

$4.10 COP 15.5K

$16.79 ISK 2,101

-75.58%

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

$306 COP 1.2M

$317 ISK 39.7K

-3.51%

International Primary School, 1 Child (Yearly)

$5,899 COP 22.3M

$30.4K ISK 3.8M

-80.62%

Jeans (Levis 501 Or Similar)

$59.8 COP 226.5K

$139 ISK 17.4K

-56.99%

Summer Dress (H&M, Zara, etc)

$31.96 COP 121.0K

$52.9 ISK 6,619

-39.57%

Sport Shoes (Adidas, Nike)

$103 COP 388.8K

$161 ISK 20.2K

-36.27%

Men's Leather Business Shoes

$108 COP 408.4K

$267 ISK 33.5K

-59.65%

1-bedroom Apartment, City Center (Monthly)

$483 COP 1.8M

1-bedroom Apartment, Outside City Center (Monthly)

$377 COP 1.4M

3-bedroom Apartment, City Center (Monthly)

$822 COP 3.1M

3-bedroom Apartment, Outside City Center (Monthly)

$721 COP 2.7M

Buy Apartment in City Center (m2)

$2,784 COP 10.5M

$6,096 ISK 762.9K

-54.33%

Buy Apartment Outside City Center (m2)

$1,320 COP 5.0M

$5,945 ISK 744.0K

-77.80%

Average Monthly Net Salary (After Tax)

$538 COP 2.0M

$5,310 ISK 664.5K

-89.88%

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: March 3, 2026

Last update for Kopavogur: 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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