Cost of living comparison
Reykjavik is 2.8 times more expensive than Bogota.
If you lived in Reykjavik instead of Bogota, you would:
pay 3.5 times more for restaurants
|
Bogota
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$5.00
COP22,495.38
|
$20.00
ISK2,753
|
|
|
Fast food combo meal
McDonalds, or similar
|
$6.93
COP31,166.87
|
$18.02
ISK2,480
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.83
COP3,720.25
|
$3.15
ISK434
|
|
| Bottle of water (11 fl. oz) |
$0.64
COP2,868.44
|
$2.19
ISK301
|
|
pay 2.7 times more for groceries
|
Bogota
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.34
COP6,034.54
|
$3.61
ISK497
|
|
| Local cheese (8 oz) |
$2.21
COP9,944.08
|
$7.76
ISK1,068
|
|
| Milk (1 gallon) |
$4.49
COP20,207.07
|
$6.40
ISK882
|
|
|
Eggs
1 dozen
|
$2.14
COP9,611.03
|
$5.76
ISK792
|
|
| Boneless chicken breast (1 lb) |
$2.23
COP10,014.23
|
$9.45
ISK1,300
|
|
| Apples (1 lb) |
$1.19
COP5,358.02
|
$1.40
ISK193
|
|
| Bananas (1 lb) |
$0.48
COP2,155.53
|
$1.01
ISK139
|
|
| Oranges (1 lb) |
$0.55
COP2,494.22
|
$1.22
ISK168
|
|
| Tomatoes (1 lb) |
$0.54
COP2,410.34
|
$2.22
ISK306
|
|
| Potatoes (1 lb) |
$0.48
COP2,178.77
|
$1.43
ISK197
|
|
| Onions (1 lb) |
$0.46
COP2,090.25
|
$0.93
ISK129
|
|
pay 2.3 times more for transportation
|
Bogota
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.50
COP15,761.93
|
$8.50
ISK1,170
|
|
| Monthly public transit pass |
$40.16
COP180,677.51
|
$74.95
ISK10,318
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$15,009.35
COP67,528,219.54
|
$42,450.45
ISK5,843,304
|
|
| Taxi trip in downtown area (5 miles) |
$12.69
COP57,097.71
|
$24.05
ISK3,311
|
|
pay 3.5 times more for housing
|
Bogota
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$23.88
COP107,434.04
|
$69.87
ISK9,617
|
|
| 1-Bedroom apartment in downtown area |
$428.11
COP1,926,099.81
|
$1,971.17
ISK271,332
|
|
| 1-Bedroom apartment outside city center |
$314.08
COP1,413,073.04
|
$1,803.44
ISK248,243
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$64.50
COP290,184.68
|
$53.95
ISK7,427
|
|
pay 5.0% less for childcare
|
Bogota
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$231.19
COP1,040,142.36
|
$252.14
ISK34,707
|
|
| Middle school for 1 child, two semesters |
$7,422.81
COP33,395,774.03
|
$5,993.99
ISK825,073
|
|
pay 5.0 times more for entertainment and sports
|
Bogota
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.15
COP5,194.48
|
$10.81
ISK1,488
|
|
| Cappuccino in mid-range area |
$1.43
COP6,455.99
|
$5.31
ISK730
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.31
COP10,388.96
|
$12.25
ISK1,686
|
|
| Monthly membership at local gym |
$21.38
COP96,177.77
|
$69.95
ISK9,628
|
|
| Movie ticket to theater/cinema |
$4.62
COP20,777.91
|
$14.77
ISK2,034
|
|
pay 95.2% more for clothing
|
Bogota
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$51.44
COP231,454.32
|
$108.97
ISK15,000
|
|
|
Regular dress
from H&M or similar store
|
$42.05
COP189,173.17
|
$49.72
ISK6,844
|
|
|
Running shoes
Nike or Adidas
|
$84.96
COP382,246.31
|
$151.85
ISK20,903
|
|
| Men's business shoes (leather) |
$71.30
COP320,796.57
|
$194.16
ISK26,726
|
|
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