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

😐 Solo nomad: Reykjavik is 203.9% more expensive than Medellin without rent, and 283.9% more expensive with rent.

😐 Family of 3: Reykjavik is 223.9% more expensive than Medellin without rent, and 244% more expensive with rent.

Meal at Budget Restaurant

$26.9 ISK 3,355

$6.23 COP 26K

331.78%

Three-Course Dinner for Two, Mid-Range

$146 ISK 18.3K

$32.34 COP 134.8K

352.57%

Fast Food Meal (McDonalds, etc)

$22.18 ISK 2,767

$7.39 COP 30.8K

200.14%

Cappuccino

$6.08 ISK 758

$1.72 COP 7,155

253.49%

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

$3.4 ISK 424

$1.1 COP 4,575

209.09%

Water (0.33 liter bottle)

$2.5 ISK 312

$0.73 COP 3,060

242.47%

Local Beer (0.5 liter draught)

$12.96 ISK 1,617

$1.66 COP 6,916

680.72%

Imported Beer (0.33 liter bottle)

$11.05 ISK 1,379

$3.2 COP 13.3K

245.31%

Milk (1 liter)

$1.88 ISK 234

$1.09 COP 4,552

72.48%

White Bread (500g)

$4.26 ISK 531

$1.24 COP 5,188

243.55%

Rice (white) (1kg)

$3.67 ISK 458

$1.33 COP 5,544

175.94%

Eggs

$6.51 ISK 813

$2.22 COP 9,252

193.24%

Local Cheese (1kg)

$17.83 ISK 2,224

$4.55 COP 19K

291.87%

Chicken Fillets (1kg)

$24.1 ISK 3,006

$5.71 COP 23.8K

322.07%

Beef Round Steak (1kg)

$43.22 ISK 5,391

$8.59 COP 35.8K

403.14%

Apples (1kg)

$3.19 ISK 397

$2.26 COP 9,410

41.15%

Banana (1kg)

$2.54 ISK 317

$1.07 COP 4,461

137.38%

Oranges (1kg)

$3.09 ISK 386

$1.51 COP 6,293

104.64%

Tomato (1kg)

$5.03 ISK 628

$1.42 COP 5,911

254.23%

Potato (1kg)

$3.59 ISK 447

$1.11 COP 4,619

223.42%

Onion (1kg)

$2.4 ISK 300

$1.18 COP 4,932

103.39%

Lettuce (1 head)

$3.08 ISK 384

$0.89 COP 3,718

246.07%

Water (1.5 liter bottle)

$2.01 ISK 250

$0.84 COP 3,507

139.29%

Cigarettes 20 Pack (Marlboro, Camel)

$13.9 ISK 1,734

$2.35 COP 9,809

491.49%

Wine (Bottle)

$23.87 ISK 2,978

$9.34 COP 38.9K

155.57%

Local Beer (0.5 liter bottle)

$3.62 ISK 452

$1.18 COP 4,927

206.78%

Imported Beer (0.33 liter bottle)

$3.32 ISK 414

$2.49 COP 10.4K

33.33%

One-way Ticket (Public Transport)

$5.27 ISK 658

$0.83 COP 3,464

534.94%

Public Transport Monthly Pass (Regular Price)

$86.4 ISK 10.8K

$41.9 COP 174.7K

106.25%

Taxi Start (Normal Tariff)

$6.26 ISK 781

$1.41 COP 5,899

343.97%

Taxi (Normal Tariff) (1km)

$2.53 ISK 316

$1.96 COP 8,164

29.08%

Taxi 1hour Waiting (Normal Tariff)

$85.2 ISK 10.6K

$7.85 COP 32.7K

985.61%

Gasoline (1 liter)

$2.57 ISK 321

$1.02 COP 4,265

151.96%

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

$47.8K ISK 6M

$17.6K COP 73.4M

171.67%

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

$52.4K ISK 6.5M

$26.2K COP 109.2M

100.00%

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

$86.5 ISK 10.8K

$82.5 COP 344.1K

4.82%

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

$26.91 ISK 3,357

$9.44 COP 39.4K

185.06%

Internet (50+ Mbps, Unlimited Data)

$84.9 ISK 10.6K

$23.51 COP 98K

261.21%

Gym Membership (Monthly)

$82.7 ISK 10.3K

$25.68 COP 107.1K

222.00%

Tennis Court (1 Hour on Weekend)

$38.2 ISK 4,765

$19.14 COP 79.8K

99.58%

Cinema Ticket

$17.83 ISK 2,225

$3.96 COP 16.5K

350.25%

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

$318 ISK 39.7K

$305 COP 1.3M

4.48%

International Primary School, 1 Child (Yearly)

$29.9K ISK 3.7M

$5,925 COP 24.7M

405.21%

Jeans (Levis 501 Or Similar)

$141 ISK 17.6K

$57.9 COP 241.4K

143.47%

Summer Dress (H&M, Zara, etc)

$62.4 ISK 7,785

$31.59 COP 131.7K

97.53%

Sport Shoes (Adidas, Nike)

$183 ISK 22.9K

$103 COP 430.1K

77.74%

Men's Leather Business Shoes

$267 ISK 33.3K

$106 COP 440.5K

152.50%

1-bedroom Apartment, City Center (Monthly)

$2,179 ISK 271.8K

$489 COP 2M

345.19%

1-bedroom Apartment, Outside City Center (Monthly)

$2,000 ISK 249.6K

$379 COP 1.6M

427.79%

3-bedroom Apartment, City Center (Monthly)

$3,152 ISK 393.2K

$827 COP 3.4M

281.14%

3-bedroom Apartment, Outside City Center (Monthly)

$2,726 ISK 340.1K

$729 COP 3M

273.89%

Buy Apartment in City Center (m2)

$7,821 ISK 975.7K

$2,190 COP 9.1M

257.13%

Buy Apartment Outside City Center (m2)

$6,501 ISK 811K

$1,532 COP 6.4M

324.21%

Average Monthly Net Salary (After Tax)

$4,376 ISK 546K

$550 COP 2.3M

695.73%

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: October 28, 2025

Last update for Medellin: October 28, 2025

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