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

Monthly Cost of Living

A single person spends $1,017 per month in Medellin vs $174 in Reykjahlid, rent included.

A couple spends around $1,602 per month in Medellin vs $259 in Reykjahlid, rent included.

A family of three spends $2,188 per month in Medellin vs $344 in Reykjahlid, rent included.

Medellin costs about 483% more than Reykjahlid, driven mainly by Groceries & Markets.

Both Medellin and Reykjahlid are more affordable than the global median – Medellin 24% lower, Reykjahlid 87% lower.

Meal at Budget Restaurant

$5.95 COP 20.8K

Three-Course Dinner for Two, Mid-Range

$33.33 COP 116.3K

Fast Food Meal (McDonalds, etc)

$7.23 COP 25.2K

Cappuccino

$1.63 COP 5,687

$5.99 ISK 745

-72.79%

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

$1.09 COP 3,821

Water (0.33 liter bottle)

$0.73 COP 2,548

Local Beer (0.5 liter draught)

$1.74 COP 6,065

$11.67 ISK 1,453

-85.09%

Imported Beer (0.33 liter bottle)

$3.23 COP 11.3K

$11.73 ISK 1,460

-72.46%

Milk (1 liter)

$1.05 COP 3,662

$2.36 ISK 293

-55.51%

White Bread (500g)

$1.29 COP 4,515

Rice (white) (1kg)

$1.32 COP 4,617

Eggs

$2.27 COP 7,927

Local Cheese (1kg)

$4.35 COP 15.2K

Chicken Fillets (1kg)

$5.88 COP 20.5K

Beef Round Steak (1kg)

$8.61 COP 30.0K

Apples (1kg)

$2.25 COP 7,844

Banana (1kg)

$1.07 COP 3,733

Oranges (1kg)

$1.52 COP 5,322

Tomato (1kg)

$1.42 COP 4,964

Potato (1kg)

$1.17 COP 4,084

Onion (1kg)

$1.17 COP 4,077

Lettuce (1 head)

$0.89 COP 3,096

Water (1.5 liter bottle)

$0.90 COP 3,146

Cigarettes 20 Pack (Marlboro, Camel)

$2.25 COP 7,837

Wine (Bottle)

$11.04 COP 38.5K

Local Beer (0.5 liter bottle)

$1.14 COP 3,977

Imported Beer (0.33 liter bottle)

$2.38 COP 8,301

One-way Ticket (Public Transport)

$0.84 COP 2,916

Public Transport Monthly Pass (Regular Price)

$41.95 COP 146.4K

Taxi Start (Normal Tariff)

$1.41 COP 4,912

Taxi (Normal Tariff) (1km)

$1.90 COP 6,634

Taxi 1hour Waiting (Normal Tariff)

$7.75 COP 27.0K

Gasoline (1 liter)

$1.01 COP 3,509

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

$17.6K COP 61.4M

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

$26.5K COP 92.5M

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

$83.7 COP 292.1K

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

$9.45 COP 33.0K

Internet (50+ Mbps, Unlimited Data)

$24.11 COP 84.1K

Gym Membership (Monthly)

$25.31 COP 88.3K

Tennis Court (1 Hour on Weekend)

$19.14 COP 66.8K

Cinema Ticket

$4.10 COP 14.3K

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

$312 COP 1.1M

International Primary School, 1 Child (Yearly)

$5,993 COP 20.9M

Jeans (Levis 501 Or Similar)

$58.0 COP 202.6K

Summer Dress (H&M, Zara, etc)

$32.56 COP 113.6K

Sport Shoes (Adidas, Nike)

$99.6 COP 347.7K

Men's Leather Business Shoes

$109 COP 378.8K

1-bedroom Apartment, City Center (Monthly)

$482 COP 1.7M

1-bedroom Apartment, Outside City Center (Monthly)

$379 COP 1.3M

3-bedroom Apartment, City Center (Monthly)

$837 COP 2.9M

3-bedroom Apartment, Outside City Center (Monthly)

$723 COP 2.5M

Buy Apartment in City Center (m2)

$2,840 COP 9.9M

Buy Apartment Outside City Center (m2)

$1,223 COP 4.3M

Average Monthly Net Salary (After Tax)

$541 COP 1.9M

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

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

Last update for Medellin: June 8, 2026

Last update for Reykjahlid: June 8, 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 483%, 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 $1,525 per month in Medellin and $262 in Reykjahlid. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $1,017 in Medellin and $174 in Reykjahlid. The difference isn't just one category – it shows up across housing, food, transport, and services.

Groceries cost about 705% 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 $174, than in Medellin at $1,017. 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.