Cost of Living Comparison Between Medellin and Torshavn Cost of Living Comparison Between Medellin and Torshavn

🙂 Solo nomad: Medellin is 48.6% cheaper than Torshavn without rent, and 57% cheaper with rent.

🙂 Family of 3: Medellin is 57.5% cheaper than Torshavn without rent, and 56.8% cheaper with rent.

Meal at Budget Restaurant

$6.23 COP 26K

$22.91 FOK 149

-72.81%

Three-Course Dinner for Two, Mid-Range

$32.34 COP 134.8K

$139 FOK 899

-76.65%

Fast Food Meal (McDonalds, etc)

$7.39 COP 30.8K

$19.87 FOK 129

-62.81%

Cappuccino

$1.72 COP 7,155

$6.89 FOK 44.71

-75.04%

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

$1.1 COP 4,575

$3.23 FOK 20.96

-65.94%

Water (0.33 liter bottle)

$0.73 COP 3,060

$2.68 FOK 17.42

-72.76%

Local Beer (0.5 liter draught)

$1.66 COP 6,916

$9.55 FOK 62

-82.62%

Imported Beer (0.33 liter bottle)

$3.2 COP 13.3K

$8.43 FOK 54.7

-62.04%

Milk (1 liter)

$1.09 COP 4,552

$2.25 FOK 14.58

-51.56%

White Bread (500g)

$1.24 COP 5,188

$3.89 FOK 25.22

-68.12%

Rice (white) (1kg)

$1.33 COP 5,544

$1.91 FOK 12.42

-30.37%

Eggs

$2.22 COP 9,252

$5.67 FOK 36.81

-60.85%

Local Cheese (1kg)

$4.55 COP 19K

$12.95 FOK 84.1

-64.86%

Chicken Fillets (1kg)

$5.71 COP 23.8K

$14.23 FOK 92.4

-59.87%

Beef Round Steak (1kg)

$8.59 COP 35.8K

Apples (1kg)

$2.26 COP 9,410

$2.27 FOK 14.7

-0.44%

Banana (1kg)

$1.07 COP 4,461

$2.8 FOK 18.18

-61.79%

Oranges (1kg)

$1.51 COP 6,293

$3.05 FOK 19.79

-50.49%

Tomato (1kg)

$1.42 COP 5,911

$1.81 FOK 11.77

-21.55%

Potato (1kg)

$1.11 COP 4,619

$2.76 FOK 17.88

-59.78%

Onion (1kg)

$1.18 COP 4,932

$3.45 FOK 22.36

-65.80%

Lettuce (1 head)

$0.89 COP 3,718

$2.5 FOK 16.25

-64.40%

Water (1.5 liter bottle)

$0.84 COP 3,507

$2.71 FOK 17.57

-69.00%

Cigarettes 20 Pack (Marlboro, Camel)

$2.35 COP 9,809

$10.92 FOK 70.8

-78.48%

Wine (Bottle)

$9.34 COP 38.9K

$12.3 FOK 79.8

-24.07%

Local Beer (0.5 liter bottle)

$1.18 COP 4,927

$2.11 FOK 13.73

-44.08%

Imported Beer (0.33 liter bottle)

$2.49 COP 10.4K

$3.06 FOK 19.84

-18.63%

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

$12.31 FOK 79.9

-88.55%

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

$2.05 FOK 13.31

-50.24%

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

$55K FOK 357.1K

-52.39%

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

$82.5 COP 344.1K

$135 FOK 875

-38.76%

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

$9.44 COP 39.4K

$39.97 FOK 259

-76.38%

Internet (50+ Mbps, Unlimited Data)

$23.51 COP 98K

$65 FOK 422

-63.85%

Gym Membership (Monthly)

$25.68 COP 107.1K

$40.7 FOK 264

-36.90%

Tennis Court (1 Hour on Weekend)

$19.14 COP 79.8K

Cinema Ticket

$3.96 COP 16.5K

$16.22 FOK 105

-75.59%

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

$305 COP 1.3M

$553 FOK 3,591

-44.91%

International Primary School, 1 Child (Yearly)

$5,925 COP 24.7M

Jeans (Levis 501 Or Similar)

$57.9 COP 241.4K

$154 FOK 999

-62.40%

Summer Dress (H&M, Zara, etc)

$31.59 COP 131.7K

$62 FOK 403

-49.07%

Sport Shoes (Adidas, Nike)

$103 COP 430.1K

$167 FOK 1,086

-38.38%

Men's Leather Business Shoes

$106 COP 440.5K

$218 FOK 1,416

-51.56%

1-bedroom Apartment, City Center (Monthly)

$489 COP 2M

$1,114 FOK 7,228

-56.06%

1-bedroom Apartment, Outside City Center (Monthly)

$379 COP 1.6M

$935 FOK 6,065

-59.44%

3-bedroom Apartment, City Center (Monthly)

$827 COP 3.4M

$1,947 FOK 12.6K

-57.53%

3-bedroom Apartment, Outside City Center (Monthly)

$729 COP 3M

$1,489 FOK 9,665

-51.04%

Buy Apartment in City Center (m2)

$2,190 COP 9.1M

$4,058 FOK 26.3K

-46.04%

Buy Apartment Outside City Center (m2)

$1,532 COP 6.4M

$3,540 FOK 23K

-56.71%

Average Monthly Net Salary (After Tax)

$550 COP 2.3M

$2,308 FOK 15K

-76.17%

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 Torshavn: October 28, 2025

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