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 273.6% more expensive with rent.

😐 Family of 3: Reykjavik is 213.4% more expensive than Medellin without rent, and 228.1% more expensive with rent.

Meal at Budget Restaurant

$26.47 ISK 3,231

$6.14 COP 22.1K

331.11%

Three-Course Dinner for Two, Mid-Range

$142 ISK 17.4K

$33.05 COP 119.0K

330.20%

Fast Food Meal (McDonalds, etc)

$22.61 ISK 2,760

$7.32 COP 26.4K

208.88%

Cappuccino

$6.17 ISK 753

$1.66 COP 5,972

271.69%

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

$3.35 ISK 409

$1.10 COP 3,977

204.55%

Water (0.33 liter bottle)

$2.63 ISK 321

$0.78 COP 2,815

237.18%

Local Beer (0.5 liter draught)

$12.64 ISK 1,543

$1.71 COP 6,173

639.18%

Imported Beer (0.33 liter bottle)

$11.33 ISK 1,384

$3.17 COP 11.4K

257.41%

Milk (1 liter)

$1.93 ISK 236

$1.11 COP 4,002

73.87%

White Bread (500g)

$4.15 ISK 507

$1.31 COP 4,708

216.79%

Rice (white) (1kg)

$3.74 ISK 456

$1.38 COP 4,968

171.01%

Eggs

$6.27 ISK 766

$2.22 COP 7,989

182.43%

Local Cheese (1kg)

$17.92 ISK 2,188

$4.34 COP 15.6K

312.90%

Chicken Fillets (1kg)

$24.05 ISK 2,936

$5.80 COP 20.9K

314.66%

Beef Round Steak (1kg)

$42.07 ISK 5,136

$8.98 COP 32.3K

368.49%

Apples (1kg)

$3.22 ISK 393

$2.26 COP 8,144

42.48%

Banana (1kg)

$2.52 ISK 307

$1.11 COP 4,013

127.03%

Oranges (1kg)

$3.09 ISK 377

$1.46 COP 5,271

111.64%

Tomato (1kg)

$5.09 ISK 621

$1.37 COP 4,917

271.53%

Potato (1kg)

$3.58 ISK 437

$1.11 COP 3,999

222.52%

Onion (1kg)

$2.44 ISK 297

$1.16 COP 4,189

110.34%

Lettuce (1 head)

$3.18 ISK 389

$0.89 COP 3,203

257.30%

Water (1.5 liter bottle)

$1.94 ISK 237

$0.87 COP 3,116

122.99%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,674

$2.35 COP 8,474

483.40%

Wine (Bottle)

$22.59 ISK 2,758

$10.86 COP 39.1K

108.01%

Local Beer (0.5 liter bottle)

$3.55 ISK 434

$1.20 COP 4,319

195.83%

Imported Beer (0.33 liter bottle)

$3.33 ISK 406

$2.48 COP 8,924

34.27%

One-way Ticket (Public Transport)

$5.28 ISK 644

$0.79 COP 2,835

568.35%

Public Transport Monthly Pass (Regular Price)

$87.1 ISK 10.6K

$40.77 COP 146.8K

113.54%

Taxi Start (Normal Tariff)

$6.25 ISK 763

$1.42 COP 5,124

340.14%

Taxi (Normal Tariff) (1km)

$2.51 ISK 307

$1.91 COP 6,883

31.41%

Taxi 1hour Waiting (Normal Tariff)

$84.7 ISK 10.3K

$7.65 COP 27.5K

1007.58%

Gasoline (1 liter)

$2.46 ISK 300

$0.97 COP 3,481

153.61%

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

$46.5K ISK 5.7M

$18.1K COP 65.2M

156.79%

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

$51.5K ISK 6.3M

$26.3K COP 94.7M

95.72%

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

$87.7 ISK 10.7K

$81.3 COP 292.8K

7.85%

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

$27.91 ISK 3,407

$9.63 COP 34.7K

189.82%

Internet (50+ Mbps, Unlimited Data)

$84.5 ISK 10.3K

$24.36 COP 87.7K

246.80%

Gym Membership (Monthly)

$82.7 ISK 10.1K

$26.02 COP 93.7K

217.68%

Tennis Court (1 Hour on Weekend)

$37.97 ISK 4,635

$18.92 COP 68.1K

100.69%

Cinema Ticket

$17.78 ISK 2,170

$3.89 COP 14.0K

357.07%

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

$324 ISK 39.6K

$304 COP 1.1M

6.67%

International Primary School, 1 Child (Yearly)

$29.7K ISK 3.6M

$5,902 COP 21.3M

402.54%

Jeans (Levis 501 Or Similar)

$140 ISK 17.1K

$58.7 COP 211.3K

138.92%

Summer Dress (H&M, Zara, etc)

$60.6 ISK 7,399

$32.48 COP 117.0K

86.64%

Sport Shoes (Adidas, Nike)

$181 ISK 22.1K

$102 COP 366.4K

78.21%

Men's Leather Business Shoes

$263 ISK 32.1K

$108 COP 389.5K

142.78%

1-bedroom Apartment, City Center (Monthly)

$2,250 ISK 274.7K

$474 COP 1.7M

374.52%

1-bedroom Apartment, Outside City Center (Monthly)

$2,007 ISK 245.0K

$371 COP 1.3M

441.39%

3-bedroom Apartment, City Center (Monthly)

$3,118 ISK 380.6K

$848 COP 3.1M

267.68%

3-bedroom Apartment, Outside City Center (Monthly)

$2,755 ISK 336.3K

$716 COP 2.6M

284.56%

Buy Apartment in City Center (m2)

$8,013 ISK 978.1K

$2,871 COP 10.3M

179.05%

Buy Apartment Outside City Center (m2)

$6,528 ISK 796.9K

$1,375 COP 5.0M

374.63%

Average Monthly Net Salary (After Tax)

$4,449 ISK 543.1K

$542 COP 1.9M

721.56%

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: April 14, 2026

Last update for Medellin: April 13, 2026

City Median Internet Speeds Comparison (Updated April 2026)

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

Digital Nomad Cost of Living Index

Reykjavik vs other spots: cost of living compared

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