Cost of Living Comparison Between Medellin and Reykjavik Cost of Living Comparison Between Medellin and Reykjavik

🙂 Solo nomad: Medellin is 66.6% cheaper than Reykjavik without rent, and 73.2% cheaper with rent.

🙂 Family of 3: Medellin is 68.1% cheaper than Reykjavik without rent, and 69.5% cheaper with rent.

Meal at Budget Restaurant

$6.14 COP 22.1K

$26.47 ISK 3,231

-76.80%

Three-Course Dinner for Two, Mid-Range

$33.05 COP 119.0K

$142 ISK 17.4K

-76.75%

Fast Food Meal (McDonalds, etc)

$7.32 COP 26.4K

$22.61 ISK 2,760

-67.62%

Cappuccino

$1.66 COP 5,972

$6.17 ISK 753

-73.10%

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

$1.10 COP 3,977

$3.35 ISK 409

-67.16%

Water (0.33 liter bottle)

$0.78 COP 2,815

$2.63 ISK 321

-70.34%

Local Beer (0.5 liter draught)

$1.71 COP 6,173

$12.64 ISK 1,543

-86.47%

Imported Beer (0.33 liter bottle)

$3.17 COP 11.4K

$11.33 ISK 1,384

-72.02%

Milk (1 liter)

$1.11 COP 4,002

$1.93 ISK 236

-42.49%

White Bread (500g)

$1.31 COP 4,708

$4.15 ISK 507

-68.43%

Rice (white) (1kg)

$1.38 COP 4,968

$3.74 ISK 456

-63.10%

Eggs

$2.22 COP 7,989

$6.27 ISK 766

-64.59%

Local Cheese (1kg)

$4.34 COP 15.6K

$17.92 ISK 2,188

-75.78%

Chicken Fillets (1kg)

$5.80 COP 20.9K

$24.05 ISK 2,936

-75.88%

Beef Round Steak (1kg)

$8.98 COP 32.3K

$42.07 ISK 5,136

-78.65%

Apples (1kg)

$2.26 COP 8,144

$3.22 ISK 393

-29.81%

Banana (1kg)

$1.11 COP 4,013

$2.52 ISK 307

-55.95%

Oranges (1kg)

$1.46 COP 5,271

$3.09 ISK 377

-52.75%

Tomato (1kg)

$1.37 COP 4,917

$5.09 ISK 621

-73.08%

Potato (1kg)

$1.11 COP 3,999

$3.58 ISK 437

-68.99%

Onion (1kg)

$1.16 COP 4,189

$2.44 ISK 297

-52.46%

Lettuce (1 head)

$0.89 COP 3,203

$3.18 ISK 389

-72.01%

Water (1.5 liter bottle)

$0.87 COP 3,116

$1.94 ISK 237

-55.15%

Cigarettes 20 Pack (Marlboro, Camel)

$2.35 COP 8,474

$13.71 ISK 1,674

-82.86%

Wine (Bottle)

$10.86 COP 39.1K

$22.59 ISK 2,758

-51.93%

Local Beer (0.5 liter bottle)

$1.20 COP 4,319

$3.55 ISK 434

-66.20%

Imported Beer (0.33 liter bottle)

$2.48 COP 8,924

$3.33 ISK 406

-25.53%

One-way Ticket (Public Transport)

$0.79 COP 2,835

$5.28 ISK 644

-85.04%

Public Transport Monthly Pass (Regular Price)

$40.77 COP 146.8K

$87.1 ISK 10.6K

-53.17%

Taxi Start (Normal Tariff)

$1.42 COP 5,124

$6.25 ISK 763

-77.28%

Taxi (Normal Tariff) (1km)

$1.91 COP 6,883

$2.51 ISK 307

-23.90%

Taxi 1hour Waiting (Normal Tariff)

$7.65 COP 27.5K

$84.7 ISK 10.3K

-90.97%

Gasoline (1 liter)

$0.97 COP 3,481

$2.46 ISK 300

-60.57%

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

$18.1K COP 65.2M

$46.5K ISK 5.7M

-61.06%

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

$26.3K COP 94.7M

$51.5K ISK 6.3M

-48.91%

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

$81.3 COP 292.8K

$87.7 ISK 10.7K

-7.28%

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

$9.63 COP 34.7K

$27.91 ISK 3,407

-65.50%

Internet (50+ Mbps, Unlimited Data)

$24.36 COP 87.7K

$84.5 ISK 10.3K

-71.16%

Gym Membership (Monthly)

$26.02 COP 93.7K

$82.7 ISK 10.1K

-68.52%

Tennis Court (1 Hour on Weekend)

$18.92 COP 68.1K

$37.97 ISK 4,635

-50.17%

Cinema Ticket

$3.89 COP 14.0K

$17.78 ISK 2,170

-78.12%

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

$304 COP 1.1M

$324 ISK 39.6K

-6.25%

International Primary School, 1 Child (Yearly)

$5,902 COP 21.3M

$29.7K ISK 3.6M

-80.10%

Jeans (Levis 501 Or Similar)

$58.7 COP 211.3K

$140 ISK 17.1K

-58.15%

Summer Dress (H&M, Zara, etc)

$32.48 COP 117.0K

$60.6 ISK 7,399

-46.42%

Sport Shoes (Adidas, Nike)

$102 COP 366.4K

$181 ISK 22.1K

-43.89%

Men's Leather Business Shoes

$108 COP 389.5K

$263 ISK 32.1K

-58.81%

1-bedroom Apartment, City Center (Monthly)

$474 COP 1.7M

$2,250 ISK 274.7K

-78.93%

1-bedroom Apartment, Outside City Center (Monthly)

$371 COP 1.3M

$2,007 ISK 245.0K

-81.53%

3-bedroom Apartment, City Center (Monthly)

$848 COP 3.1M

$3,118 ISK 380.6K

-72.80%

3-bedroom Apartment, Outside City Center (Monthly)

$716 COP 2.6M

$2,755 ISK 336.3K

-74.00%

Buy Apartment in City Center (m2)

$2,871 COP 10.3M

$8,013 ISK 978.1K

-64.16%

Buy Apartment Outside City Center (m2)

$1,375 COP 5.0M

$6,528 ISK 796.9K

-78.93%

Average Monthly Net Salary (After Tax)

$542 COP 1.9M

$4,449 ISK 543.1K

-87.83%

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: April 13, 2026

Last update for Reykjavik: April 14, 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 other spots: cost of living compared

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