Cost of living comparison
Iceland is 2.9 times more expensive than Colombia.
If you lived in Iceland instead of Colombia, you would:
pay 3.5 times more for restaurants
|
Colombia
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$4.20
COP18,905.52
|
$19.40
ISK2,670
|
|
|
Fast food combo meal
McDonalds, or similar
|
$6.62
COP29,788.81
|
$16.94
ISK2,332
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.78
COP3,529.82
|
$2.81
ISK387
|
|
| Bottle of water (11 fl. oz) |
$0.60
COP2,679.14
|
$2.02
ISK278
|
|
pay 2.5 times more for groceries
|
Colombia
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.27
COP5,721.43
|
$2.95
ISK407
|
|
| Local cheese (8 oz) |
$2.16
COP9,738.25
|
$7.27
ISK1,000
|
|
| Milk (1 gallon) |
$3.88
COP17,461.07
|
$6.01
ISK827
|
|
|
Eggs
1 dozen
|
$2.02
COP9,092.31
|
$5.42
ISK746
|
|
| Boneless chicken breast (1 lb) |
$2.19
COP9,847.98
|
$8.51
ISK1,171
|
|
| Apples (1 lb) |
$1.07
COP4,820.92
|
$1.22
ISK168
|
|
| Bananas (1 lb) |
$0.45
COP2,046.31
|
$1.03
ISK141
|
|
| Oranges (1 lb) |
$0.55
COP2,482.88
|
$1.17
ISK161
|
|
| Tomatoes (1 lb) |
$0.46
COP2,058.10
|
$1.87
ISK258
|
|
| Potatoes (1 lb) |
$0.50
COP2,251.74
|
$1.23
ISK170
|
|
| Onions (1 lb) |
$0.45
COP2,037.80
|
$0.78
ISK108
|
|
pay 2.2 times more for transportation
|
Colombia
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.05
COP13,740.71
|
$8.36
ISK1,151
|
|
| Monthly public transit pass |
$34.31
COP154,360.57
|
$71.28
ISK9,812
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$17,642.99
COP79,377,149.49
|
$40,660.66
ISK5,596,940
|
|
| Taxi trip in downtown area (5 miles) |
$14.10
COP63,428.43
|
$22.04
ISK3,033
|
|
pay 4.3 times more for housing
|
Colombia
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$22.88
COP102,923.50
|
$72.17
ISK9,935
|
|
| 1-Bedroom apartment in downtown area |
$272.41
COP1,225,605.97
|
$1,838.04
ISK253,006
|
|
| 1-Bedroom apartment outside city center |
$235.87
COP1,061,199.56
|
$1,497.77
ISK206,168
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$66.40
COP298,751.19
|
$58.01
ISK7,986
|
|
pay 36.3% more for childcare
|
Colombia
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$190.65
COP857,768.55
|
$258.16
ISK35,536
|
|
| Middle school for 1 child, two semesters |
$4,364.51
COP19,636,279.11
|
$5,993.99
ISK825,073
|
|
pay 4.7 times more for entertainment and sports
|
Colombia
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.15
COP5,191.42
|
$9.19
ISK1,265
|
|
| Cappuccino in mid-range area |
$1.40
COP6,317.82
|
$4.65
ISK640
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.09
COP9,414.99
|
$11.76
ISK1,618
|
|
| Monthly membership at local gym |
$22.45
COP101,025.01
|
$61.46
ISK8,460
|
|
| Movie ticket to theater/cinema |
$3.65
COP16,439.00
|
$14.35
ISK1,975
|
|
pay 2.0 times more for clothing
|
Colombia
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$52.02
COP234,043.29
|
$111.23
ISK15,311
|
|
|
Regular dress
from H&M or similar store
|
$38.22
COP171,976.43
|
$59.69
ISK8,216
|
|
|
Running shoes
Nike or Adidas
|
$81.60
COP367,146.31
|
$148.00
ISK20,372
|
|
| Men's business shoes (leather) |
$69.09
COP310,823.45
|
$184.49
ISK25,396
|
|
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