Cost of Living Comparison Between Medellin and Selfoss Cost of Living Comparison Between Medellin and Selfoss

🙂 Solo nomad: Medellin is 7.3% cheaper than Selfoss without rent, and 71.7% cheaper with rent.

🙂 Family of 3: Medellin is 6.9% cheaper than Selfoss without rent, and 45.9% more expensive with rent.

Meal at Budget Restaurant

$6.23 COP 26K

Three-Course Dinner for Two, Mid-Range

$32.34 COP 134.8K

Fast Food Meal (McDonalds, etc)

$7.39 COP 30.8K

$19.9 ISK 2,482

-62.86%

Cappuccino

$1.72 COP 7,155

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

$1.1 COP 4,575

Water (0.33 liter bottle)

$0.73 COP 3,060

Local Beer (0.5 liter draught)

$1.66 COP 6,916

$12.23 ISK 1,526

-86.43%

Imported Beer (0.33 liter bottle)

$3.2 COP 13.3K

Milk (1 liter)

$1.09 COP 4,552

$1.73 ISK 216

-36.99%

White Bread (500g)

$1.24 COP 5,188

$7.36 ISK 918

-83.15%

Rice (white) (1kg)

$1.33 COP 5,544

$4.54 ISK 567

-70.70%

Eggs

$2.22 COP 9,252

$6.3 ISK 786

-64.76%

Local Cheese (1kg)

$4.55 COP 19K

$17.15 ISK 2,139

-73.47%

Chicken Fillets (1kg)

$5.71 COP 23.8K

$20.77 ISK 2,591

-72.51%

Beef Round Steak (1kg)

$8.59 COP 35.8K

$32.97 ISK 4,114

-73.95%

Apples (1kg)

$2.26 COP 9,410

$2.75 ISK 343

-17.82%

Banana (1kg)

$1.07 COP 4,461

$2.65 ISK 331

-59.62%

Oranges (1kg)

$1.51 COP 6,293

$2.58 ISK 322

-41.47%

Tomato (1kg)

$1.42 COP 5,911

$7.14 ISK 891

-80.11%

Potato (1kg)

$1.11 COP 4,619

$3.22 ISK 402

-65.53%

Onion (1kg)

$1.18 COP 4,932

$2.09 ISK 261

-43.54%

Lettuce (1 head)

$0.89 COP 3,718

$3.52 ISK 439

-74.72%

Water (1.5 liter bottle)

$0.84 COP 3,507

$1.37 ISK 172

-38.69%

Cigarettes 20 Pack (Marlboro, Camel)

$2.35 COP 9,809

$15.4 ISK 1,921

-84.74%

Wine (Bottle)

$9.34 COP 38.9K

Local Beer (0.5 liter bottle)

$1.18 COP 4,927

Imported Beer (0.33 liter bottle)

$2.49 COP 10.4K

$1.13 ISK 141

120.35%

One-way Ticket (Public Transport)

$0.83 COP 3,464

Public Transport Monthly Pass (Regular Price)

$41.9 COP 174.7K

Taxi Start (Normal Tariff)

$1.41 COP 5,899

Taxi (Normal Tariff) (1km)

$1.96 COP 8,164

Taxi 1hour Waiting (Normal Tariff)

$7.85 COP 32.7K

Gasoline (1 liter)

$1.02 COP 4,265

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

$17.6K COP 73.4M

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

$26.2K COP 109.2M

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

$82.5 COP 344.1K

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

$9.44 COP 39.4K

Internet (50+ Mbps, Unlimited Data)

$23.51 COP 98K

Gym Membership (Monthly)

$25.68 COP 107.1K

Tennis Court (1 Hour on Weekend)

$19.14 COP 79.8K

Cinema Ticket

$3.96 COP 16.5K

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

$305 COP 1.3M

International Primary School, 1 Child (Yearly)

$5,925 COP 24.7M

Jeans (Levis 501 Or Similar)

$57.9 COP 241.4K

Summer Dress (H&M, Zara, etc)

$31.59 COP 131.7K

Sport Shoes (Adidas, Nike)

$103 COP 430.1K

Men's Leather Business Shoes

$106 COP 440.5K

1-bedroom Apartment, City Center (Monthly)

$489 COP 2M

1-bedroom Apartment, Outside City Center (Monthly)

$379 COP 1.6M

$2,856 ISK 356.3K

-86.73%

3-bedroom Apartment, City Center (Monthly)

$827 COP 3.4M

3-bedroom Apartment, Outside City Center (Monthly)

$729 COP 3M

Buy Apartment in City Center (m2)

$2,190 COP 9.1M

Buy Apartment Outside City Center (m2)

$1,532 COP 6.4M

Average Monthly Net Salary (After Tax)

$550 COP 2.3M

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: October 28, 2025

Last update for Selfoss: October 28, 2025

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