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

😐 Solo nomad: Reykjavik is 199.6% more expensive than Medellin without rent, and 270.3% more expensive with rent.

😐 Family of 3: Reykjavik is 219.6% more expensive than Medellin without rent, and 232.5% more expensive with rent.

Meal at Budget Restaurant

$27.22 ISK 3,375

$6.03 COP 22.7K

351.41%

Three-Course Dinner for Two, Mid-Range

$145 ISK 17.9K

$33.17 COP 124.8K

336.24%

Fast Food Meal (McDonalds, etc)

$22.41 ISK 2,778

$7.29 COP 27.4K

207.41%

Cappuccino

$5.94 ISK 737

$1.63 COP 6,133

264.42%

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

$3.26 ISK 404

$1.05 COP 3,947

210.48%

Water (0.33 liter bottle)

$2.54 ISK 315

$0.77 COP 2,899

229.87%

Local Beer (0.5 liter draught)

$12.83 ISK 1,591

$1.73 COP 6,510

641.62%

Imported Beer (0.33 liter bottle)

$11.46 ISK 1,421

$3.18 COP 12.0K

260.38%

Milk (1 liter)

$1.88 ISK 234

$1.07 COP 4,015

75.70%

White Bread (500g)

$4.33 ISK 537

$1.31 COP 4,935

230.53%

Rice (white) (1kg)

$3.57 ISK 443

$1.38 COP 5,195

158.70%

Eggs

$6.56 ISK 813

$2.25 COP 8,457

191.56%

Local Cheese (1kg)

$18.18 ISK 2,254

$4.48 COP 16.9K

305.80%

Chicken Fillets (1kg)

$24.52 ISK 3,040

$5.74 COP 21.6K

327.18%

Beef Round Steak (1kg)

$42.03 ISK 5,212

$8.86 COP 33.3K

374.38%

Apples (1kg)

$3.20 ISK 397

$2.24 COP 8,438

42.86%

Banana (1kg)

$2.42 ISK 300

$1.06 COP 3,988

128.30%

Oranges (1kg)

$3.06 ISK 380

$1.51 COP 5,697

102.65%

Tomato (1kg)

$4.86 ISK 603

$1.36 COP 5,119

257.35%

Potato (1kg)

$3.66 ISK 454

$1.12 COP 4,218

226.79%

Onion (1kg)

$2.34 ISK 290

$1.17 COP 4,400

100.00%

Lettuce (1 head)

$3.14 ISK 389

$0.90 COP 3,395

248.89%

Water (1.5 liter bottle)

$2.02 ISK 251

$0.84 COP 3,150

140.48%

Cigarettes 20 Pack (Marlboro, Camel)

$13.91 ISK 1,725

$2.26 COP 8,501

515.49%

Wine (Bottle)

$23.74 ISK 2,944

$9.97 COP 37.5K

138.11%

Local Beer (0.5 liter bottle)

$3.69 ISK 458

$1.18 COP 4,451

212.71%

Imported Beer (0.33 liter bottle)

$3.23 ISK 400

$2.39 COP 8,993

35.15%

One-way Ticket (Public Transport)

$5.29 ISK 656

$0.86 COP 3,233

515.12%

Public Transport Monthly Pass (Regular Price)

$88.2 ISK 10.9K

$41.45 COP 156.0K

112.81%

Taxi Start (Normal Tariff)

$6.54 ISK 811

$1.47 COP 5,521

344.90%

Taxi (Normal Tariff) (1km)

$2.60 ISK 323

$1.95 COP 7,323

33.33%

Taxi 1hour Waiting (Normal Tariff)

$85.8 ISK 10.6K

$7.76 COP 29.2K

1005.67%

Gasoline (1 liter)

$2.51 ISK 312

$0.97 COP 3,640

158.76%

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

$47.1K ISK 5.8M

$17.9K COP 67.5M

162.59%

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

$52.6K ISK 6.5M

$26.7K COP 100.6M

96.67%

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

$89.2 ISK 11.1K

$81.1 COP 305.2K

9.92%

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

$27.07 ISK 3,356

$9.40 COP 35.4K

187.98%

Internet (50+ Mbps, Unlimited Data)

$84.2 ISK 10.4K

$23.61 COP 88.8K

256.46%

Gym Membership (Monthly)

$84.0 ISK 10.4K

$25.55 COP 96.1K

228.61%

Tennis Court (1 Hour on Weekend)

$38.09 ISK 4,722

$19.29 COP 72.6K

97.46%

Cinema Ticket

$17.42 ISK 2,160

$4.10 COP 15.4K

324.88%

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

$324 ISK 40.1K

$306 COP 1.2M

5.75%

International Primary School, 1 Child (Yearly)

$30.5K ISK 3.8M

$5,899 COP 22.2M

416.36%

Jeans (Levis 501 Or Similar)

$141 ISK 17.5K

$59.8 COP 225.1K

136.49%

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,765

$31.96 COP 120.3K

95.96%

Sport Shoes (Adidas, Nike)

$183 ISK 22.7K

$103 COP 386.5K

78.46%

Men's Leather Business Shoes

$268 ISK 33.2K

$108 COP 405.9K

148.43%

1-bedroom Apartment, City Center (Monthly)

$2,197 ISK 272.4K

$483 COP 1.8M

354.57%

1-bedroom Apartment, Outside City Center (Monthly)

$2,053 ISK 254.6K

$377 COP 1.4M

444.13%

3-bedroom Apartment, City Center (Monthly)

$3,159 ISK 391.6K

$822 COP 3.1M

284.50%

3-bedroom Apartment, Outside City Center (Monthly)

$2,728 ISK 338.3K

$721 COP 2.7M

278.44%

Buy Apartment in City Center (m2)

$7,833 ISK 971.2K

$2,784 COP 10.5M

181.36%

Buy Apartment Outside City Center (m2)

$6,268 ISK 777.2K

$1,320 COP 5.0M

374.83%

Average Monthly Net Salary (After Tax)

$4,471 ISK 554.4K

$538 COP 2.0M

731.65%

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: March 3, 2026

Last update for Medellin: March 3, 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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