Cost of Living Comparison Between Medellin and Reykjahlid Cost of Living Comparison Between Medellin and Reykjahlid

Monthly Cost of Living

A single person spends $1,687 per month in Medellin vs $177 in Reykjahlid, rent included.

A couple spends around $2,535 per month in Medellin vs $262 in Reykjahlid, rent included.

A family of three spends $3,383 per month in Medellin vs $347 in Reykjahlid, rent included.

Medellin costs about 851% more than Reykjahlid, driven mainly by Groceries & Markets.

Medellin sits 23% above the global median, while Reykjahlid is 87% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$7.89 COP 24.2K

Three-Course Dinner for Two, Mid-Range

$44.53 COP 136.5K

Fast Food Meal (McDonalds, etc)

$9.29 COP 28.5K

Cappuccino

$2.90 COP 8,874

$6.01 ISK 731

-51.75%

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

$1.81 COP 5,541

Water (0.33 liter bottle)

$1.55 COP 4,741

Local Beer (0.5 liter draught)

$3.25 COP 9,962

$11.74 ISK 1,427

-72.32%

Imported Beer (0.33 liter bottle)

$5.88 COP 18.0K

$11.95 ISK 1,452

-50.79%

Milk (1 liter)

$1.38 COP 4,230

$2.39 ISK 291

-42.26%

White Bread (500g)

$2.45 COP 7,517

Rice (white) (1kg)

$1.51 COP 4,617

Eggs

$2.78 COP 8,516

Local Cheese (1kg)

$9.05 COP 27.7K

Chicken Fillets (1kg)

$10.65 COP 32.6K

Beef Round Steak (1kg)

$14.63 COP 44.8K

Apples (1kg)

$3.97 COP 12.2K

Banana (1kg)

$1.38 COP 4,219

Oranges (1kg)

$2.30 COP 7,056

Tomato (1kg)

$2.02 COP 6,185

Potato (1kg)

$2.09 COP 6,390

Onion (1kg)

$1.63 COP 4,996

Lettuce (1 head)

$1.08 COP 3,313

Water (1.5 liter bottle)

$1.25 COP 3,843

Cigarettes 20 Pack (Marlboro, Camel)

$4.03 COP 12.4K

Wine (Bottle)

$13.47 COP 41.3K

Local Beer (0.5 liter bottle)

$1.60 COP 4,904

Imported Beer (0.33 liter bottle)

$3.00 COP 9,189

One-way Ticket (Public Transport)

$1.18 COP 3,611

Public Transport Monthly Pass (Regular Price)

$79.9 COP 244.9K

Taxi Start (Normal Tariff)

$1.61 COP 4,920

Taxi (Normal Tariff) (1km)

$2.13 COP 6,533

Taxi 1hour Waiting (Normal Tariff)

$8.52 COP 26.1K

Gasoline (1 liter)

$1.35 COP 4,142

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

$28.3K COP 86.8M

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

$35.7K COP 109.4M

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

$151 COP 463.8K

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

$13.10 COP 40.1K

Internet (50+ Mbps, Unlimited Data)

$32.30 COP 99.0K

Gym Membership (Monthly)

$46.33 COP 141.9K

Tennis Court (1 Hour on Weekend)

$17.26 COP 52.9K

Cinema Ticket

$6.43 COP 19.7K

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

$835 COP 2.6M

International Primary School, 1 Child (Yearly)

$8,887 COP 27.2M

Jeans (Levis 501 Or Similar)

$89.3 COP 273.7K

Summer Dress (H&M, Zara, etc)

$55.3 COP 169.5K

Sport Shoes (Adidas, Nike)

$137 COP 418.5K

Men's Leather Business Shoes

$109 COP 335.1K

1-bedroom Apartment, City Center (Monthly)

$952 COP 2.9M

1-bedroom Apartment, Outside City Center (Monthly)

$668 COP 2.0M

3-bedroom Apartment, City Center (Monthly)

$2,020 COP 6.2M

3-bedroom Apartment, Outside City Center (Monthly)

$1,148 COP 3.5M

Buy Apartment in City Center (m2)

$3,696 COP 11.3M

Buy Apartment Outside City Center (m2)

$1,586 COP 4.9M

Average Monthly Net Salary (After Tax)

$625 COP 1.9M

20-Year Fixed Mortgage Interest Rate (Annual %)

10.43

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

Last update for Medellin: August 17, 2026

Last update for Reykjahlid: August 17, 2026

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 Reykjahlid: Cost of Living - Frequently Asked Questions

Yes – Medellin is pricier by about 851%, and the gap shows up most in Groceries & Markets. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $2,530 per month in Medellin and $266 in Reykjahlid. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $1,687 in Medellin and $177 in Reykjahlid. The difference isn't just one category – it shows up across housing, food, transport, and services.

Groceries cost about 1140% more in Medellin, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $2,000 monthly budget goes further in Reykjahlid, where all-in costs run around $177, than in Medellin at $1,687. In Reykjahlid it covers expenses comfortably, while in Medellin it requires careful planning or may not stretch far enough.

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

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

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