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

😐 Solo nomad: Reykjavik is 213.3% more expensive than Medellin without rent, and 272.3% more expensive with rent.

😐 Family of 3: Reykjavik is 225% more expensive than Medellin without rent, and 227.5% more expensive with rent.

Meal at Budget Restaurant

$26.70 ISK 3,364

$5.97 COP 21.9K

347.24%

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.2K

$32.40 COP 119.0K

346.54%

Fast Food Meal (McDonalds, etc)

$22.39 ISK 2,820

$7.13 COP 26.2K

214.03%

Cappuccino

$6.06 ISK 764

$1.65 COP 6,043

267.27%

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

$3.28 ISK 414

$1.06 COP 3,882

209.43%

Water (0.33 liter bottle)

$2.62 ISK 330

$0.77 COP 2,839

240.26%

Local Beer (0.5 liter draught)

$13.02 ISK 1,640

$1.75 COP 6,418

644.00%

Imported Beer (0.33 liter bottle)

$11.28 ISK 1,421

$3.06 COP 11.2K

268.63%

Milk (1 liter)

$1.87 ISK 235

$1.10 COP 4,026

70.00%

White Bread (500g)

$4.32 ISK 544

$1.30 COP 4,771

232.31%

Rice (white) (1kg)

$3.71 ISK 468

$1.34 COP 4,905

176.87%

Eggs

$6.52 ISK 821

$2.26 COP 8,299

188.50%

Local Cheese (1kg)

$18.16 ISK 2,288

$4.50 COP 16.5K

303.56%

Chicken Fillets (1kg)

$23.83 ISK 3,002

$5.80 COP 21.3K

310.86%

Beef Round Steak (1kg)

$42.83 ISK 5,395

$8.96 COP 32.9K

378.01%

Apples (1kg)

$3.37 ISK 424

$2.37 COP 8,691

42.19%

Banana (1kg)

$2.50 ISK 315

$1.07 COP 3,939

133.64%

Oranges (1kg)

$3.03 ISK 382

$1.48 COP 5,418

104.73%

Tomato (1kg)

$4.98 ISK 627

$1.36 COP 5,011

266.18%

Potato (1kg)

$3.66 ISK 461

$1.13 COP 4,135

223.89%

Onion (1kg)

$2.40 ISK 302

$1.13 COP 4,161

112.39%

Lettuce (1 head)

$3.06 ISK 386

$0.89 COP 3,274

243.82%

Water (1.5 liter bottle)

$2.01 ISK 253

$0.85 COP 3,114

136.47%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 ISK 1,741

$2.28 COP 8,361

506.14%

Wine (Bottle)

$23.58 ISK 2,971

$10.15 COP 37.3K

132.32%

Local Beer (0.5 liter bottle)

$3.55 ISK 447

$1.19 COP 4,359

198.32%

Imported Beer (0.33 liter bottle)

$3.24 ISK 408

$2.40 COP 8,828

35.00%

One-way Ticket (Public Transport)

$5.19 ISK 654

$0.84 COP 3,074

517.86%

Public Transport Monthly Pass (Regular Price)

$87.7 ISK 11.0K

$40.85 COP 150.0K

114.61%

Taxi Start (Normal Tariff)

$6.18 ISK 778

$1.48 COP 5,417

317.57%

Taxi (Normal Tariff) (1km)

$2.64 ISK 333

$1.89 COP 6,949

39.68%

Taxi 1hour Waiting (Normal Tariff)

$87.3 ISK 11.0K

$8.05 COP 29.5K

984.10%

Gasoline (1 liter)

$2.56 ISK 322

$0.94 COP 3,455

172.34%

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

$48.0K ISK 6.0M

$17.7K COP 65.1M

170.33%

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

$52.5K ISK 6.6M

$26.4K COP 96.8M

99.08%

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

$88.6 ISK 11.2K

$81.9 COP 300.7K

8.24%

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

$27.96 ISK 3,522

$9.54 COP 35.0K

193.08%

Internet (50+ Mbps, Unlimited Data)

$84.7 ISK 10.7K

$23.68 COP 87.0K

257.56%

Gym Membership (Monthly)

$81.7 ISK 10.3K

$25.85 COP 94.9K

215.94%

Tennis Court (1 Hour on Weekend)

$38.00 ISK 4,786

$18.72 COP 68.7K

102.99%

Cinema Ticket

$17.53 ISK 2,208

$4.05 COP 14.9K

332.84%

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

$316 ISK 39.7K

$316 COP 1.2M

-0.11%

International Primary School, 1 Child (Yearly)

$30.1K ISK 3.8M

$5,971 COP 21.9M

404.31%

Jeans (Levis 501 Or Similar)

$140 ISK 17.6K

$59.0 COP 216.4K

136.83%

Summer Dress (H&M, Zara, etc)

$62.4 ISK 7,863

$32.49 COP 119.3K

92.12%

Sport Shoes (Adidas, Nike)

$182 ISK 22.9K

$99.9 COP 366.7K

82.15%

Men's Leather Business Shoes

$264 ISK 33.2K

$108 COP 394.9K

145.23%

1-bedroom Apartment, City Center (Monthly)

$2,225 ISK 280.3K

$491 COP 1.8M

352.78%

1-bedroom Apartment, Outside City Center (Monthly)

$2,047 ISK 257.9K

$371 COP 1.4M

451.65%

3-bedroom Apartment, City Center (Monthly)

$3,154 ISK 397.3K

$821 COP 3.0M

284.01%

3-bedroom Apartment, Outside City Center (Monthly)

$2,691 ISK 339.0K

$731 COP 2.7M

268.03%

Buy Apartment in City Center (m2)

$7,541 ISK 949.9K

$3,019 COP 11.1M

149.75%

Buy Apartment Outside City Center (m2)

$6,257 ISK 788.1K

$1,332 COP 4.9M

369.67%

Average Monthly Net Salary (After Tax)

$4,489 ISK 565.5K

$517 COP 1.9M

768.30%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

13.43

-28.29%

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

Last update for Reykjavik: January 10, 2026

Last update for Medellin: January 12, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

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