Cost of Living Comparison Between Selfoss and Medellin Cost of Living Comparison Between Selfoss and Medellin

Monthly Cost of Living

A single person spends $3,564 per month in Selfoss vs $1,034 in Medellin, rent included.

A couple spends around $2,499 per month in Selfoss vs $1,577 in Medellin, rent included.

A family of three spends $1,435 per month in Selfoss vs $2,120 in Medellin, rent included.

Selfoss costs about 245% more than Medellin, driven mainly by Groceries & Markets.

Selfoss sits 166% above the global median, while Medellin is 23% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$5.92 COP 21.5K

Three-Course Dinner for Two, Mid-Range

$32.75 COP 119.1K

Fast Food Meal (McDonalds, etc)

$20.26 ISK 2,481

$7.20 COP 26.2K

181.39%

Cappuccino

$1.70 COP 6,186

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

$1.10 COP 3,996

Water (0.33 liter bottle)

$0.72 COP 2,625

Local Beer (0.5 liter draught)

$12.03 ISK 1,473

$1.67 COP 6,067

620.36%

Imported Beer (0.33 liter bottle)

$3.10 COP 11.3K

Milk (1 liter)

$1.74 ISK 214

$1.06 COP 3,837

64.15%

White Bread (500g)

$7.26 ISK 889

$1.25 COP 4,531

480.80%

Rice (white) (1kg)

$4.53 ISK 555

$1.39 COP 5,060

225.90%

Eggs

$6.29 ISK 770

$2.26 COP 8,229

178.32%

Local Cheese (1kg)

$16.50 ISK 2,021

$4.33 COP 15.8K

281.06%

Chicken Fillets (1kg)

$20.92 ISK 2,562

$5.84 COP 21.2K

258.22%

Beef Round Steak (1kg)

$33.41 ISK 4,092

$8.83 COP 32.1K

278.37%

Apples (1kg)

$2.70 ISK 331

$2.24 COP 8,159

20.54%

Banana (1kg)

$2.62 ISK 321

$1.08 COP 3,911

142.59%

Oranges (1kg)

$2.57 ISK 314

$1.53 COP 5,563

67.97%

Tomato (1kg)

$7.17 ISK 878

$1.37 COP 4,987

423.36%

Potato (1kg)

$3.19 ISK 391

$1.13 COP 4,109

182.30%

Onion (1kg)

$2.05 ISK 251

$1.12 COP 4,067

83.04%

Lettuce (1 head)

$3.52 ISK 431

$0.85 COP 3,080

314.12%

Water (1.5 liter bottle)

$1.38 ISK 169

$0.91 COP 3,305

51.65%

Cigarettes 20 Pack (Marlboro, Camel)

$14.96 ISK 1,833

$2.33 COP 8,477

542.06%

Wine (Bottle)

$11.13 COP 40.5K

Local Beer (0.5 liter bottle)

$1.19 COP 4,342

Imported Beer (0.33 liter bottle)

$1.15 ISK 140

$2.37 COP 8,617

-51.48%

One-way Ticket (Public Transport)

$0.79 COP 2,859

Public Transport Monthly Pass (Regular Price)

$41.13 COP 149.6K

Taxi Start (Normal Tariff)

$1.44 COP 5,223

Taxi (Normal Tariff) (1km)

$1.91 COP 6,952

Taxi 1hour Waiting (Normal Tariff)

$8.02 COP 29.2K

Gasoline (1 liter)

$0.94 COP 3,410

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

$17.9K COP 65.2M

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

$26.8K COP 97.4M

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

$84.0 COP 305.4K

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

$9.60 COP 34.9K

Internet (50+ Mbps, Unlimited Data)

$24.16 COP 87.9K

Gym Membership (Monthly)

$25.88 COP 94.1K

Tennis Court (1 Hour on Weekend)

$19.04 COP 69.3K

Cinema Ticket

$3.92 COP 14.2K

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

$306 COP 1.1M

International Primary School, 1 Child (Yearly)

$5,919 COP 21.5M

Jeans (Levis 501 Or Similar)

$57.9 COP 210.6K

Summer Dress (H&M, Zara, etc)

$31.82 COP 115.7K

Sport Shoes (Adidas, Nike)

$99.9 COP 363.3K

Men's Leather Business Shoes

$107 COP 389.7K

1-bedroom Apartment, City Center (Monthly)

$487 COP 1.8M

1-bedroom Apartment, Outside City Center (Monthly)

$2,864 ISK 350.8K

$368 COP 1.3M

678.14%

3-bedroom Apartment, City Center (Monthly)

$826 COP 3.0M

3-bedroom Apartment, Outside City Center (Monthly)

$716 COP 2.6M

Buy Apartment in City Center (m2)

$2,925 COP 10.6M

Buy Apartment Outside City Center (m2)

$1,407 COP 5.1M

Average Monthly Net Salary (After Tax)

$546 COP 2.0M

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 Selfoss: April 28, 2026

Last update for Medellin: April 27, 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

Selfoss vs Medellin: Cost of Living - Frequently Asked Questions

Yes – Selfoss is pricier by about 245%, and the gap shows up most in Groceries & Markets. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $5,346 per month in Selfoss and $1,550 in Medellin. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $3,564 in Selfoss and $1,034 in Medellin. The difference isn't just one category – it shows up across housing, food, transport, and services.

Groceries cost about 168% more in Selfoss, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $1,500 monthly budget goes further in Medellin, where all-in costs run around $1,034, than in Selfoss at $3,564. In Medellin it covers expenses comfortably, while in Selfoss it requires careful planning or may not stretch far enough.

Families tend to lean toward Medellin – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Medellin. If higher salaries, better infrastructure, or specific career opportunities are the priority, Selfoss makes more sense. Both are solid long-term options with distinct trade-offs.