Cost of living comparison

Ibague, Colombia

compared to

Reykjavik, Iceland

Reykjavik vs. Ibague Cost of Living Summary

Reykjavik is 3.7 times more expensive than Ibague.

Restaurants: pay 3.9 times more in Reykjavik
Groceries: pay 2.7 times more in Reykjavik
Transportation: pay 2.5 times more in Reykjavik
Housing: pay 8.0 times more in Reykjavik
Childcare: pay 5.0% less in Reykjavik
Entertainment and Sports: pay 5.3 times more in Reykjavik
Clothing: pay 2.3 times more in Reykjavik

The cost of housing, entertainment and sports, restaurants, groceries, transportation, and clothing in Reykjavik are more expensive than in Ibague. Notably, housing, entertainment and sports, and restaurants are significantly more expensive in Reykjavik.

Reykjavik vs. Ibague Cost Breakdown

If you lived in Reykjavik instead of Ibague, you would:

Display currency: USD

pay 3.9 times more for restaurants

	Ibague	Reykjavik
Basic meal with drink at inexpensive restaurant	$5.00 COP20,838.51	$20.00 ISK2,553	+300.2%
Fast food combo meal McDonalds, or similar	$4.62 COP19,258.55	$18.02 ISK2,300	+290.1%
Bottle of Coca-Cola (11 fl. oz)	$0.81 COP3,370.25	$3.15 ISK403	+290.2%
Bottle of water (11 fl. oz)	$0.59 COP2,455.46	$2.19 ISK279	+271.1%
Average			+287.9%

Ibague vs. Reykjavik - Cost of restaurants

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pay 2.7 times more for groceries

	Ibague	Reykjavik
Bread 1 loaf	$1.34 COP5,593.27	$3.61 ISK461	+169.2%
Local cheese (8 oz)	$2.21 COP9,216.93	$7.76 ISK990	+251.0%
Milk (1 gallon)	$4.49 COP18,729.45	$6.40 ISK818	+42.6%
Eggs 1 dozen	$2.14 COP8,908.12	$5.76 ISK735	+169.5%
Boneless chicken breast (1 lb)	$2.23 COP9,281.95	$9.45 ISK1,206	+324.4%
Apples (1 lb)	$1.19 COP4,966.22	$1.40 ISK179	+17.7%
Bananas (1 lb)	$0.48 COP1,997.90	$1.01 ISK129	+110.6%
Oranges (1 lb)	$0.55 COP2,311.83	$1.22 ISK155	+119.6%
Tomatoes (1 lb)	$0.54 COP2,234.09	$2.22 ISK284	+315.2%
Potatoes (1 lb)	$0.48 COP2,019.45	$1.43 ISK183	+196.2%
Onions (1 lb)	$0.46 COP1,937.40	$0.93 ISK119	+101.0%
Average			+165.2%

Ibague vs. Reykjavik - Cost of groceries

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pay 2.5 times more for transportation

	Ibague	Reykjavik
Gasoline (1 gallon)	$2.99 COP12,461.87	$8.50 ISK1,085	+184.5%
Monthly public transit pass	??	$74.95 ISK9,569
New Volkswagen Golf 1.4 (standard edition)	$15,009.35 COP62,590,274.05	$42,450.45 ISK5,419,224	+182.8%
Taxi trip in downtown area (5 miles)	$12.69 COP52,922.48	$24.05 ISK3,070	+89.5%
Average			+152.3%

Ibague vs. Reykjavik - Cost of transportation

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pay 8.0 times more for housing

	Ibague	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$23.09 COP96,292.73	$69.87 ISK8,919	+202.6%
1-Bedroom apartment in downtown area	$161.64 COP674,049.11	$1,971.17 ISK251,640	+1119.5%
1-Bedroom apartment outside city center	$115.46 COP481,463.65	$1,803.44 ISK230,227	+1462.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$45.91 COP191,452.60	$53.95 ISK6,888	+17.5%
Average			+700.4%

Ibague vs. Reykjavik - Cost of housing

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pay 5.0% less for childcare

	Ibague	Reykjavik
Private preschool for 1 child, monthly	$231.19 COP964,082.81	$252.14 ISK32,188	+9.1%
Middle school for 1 child, two semesters	$7,422.81 COP30,953,735.53	$5,993.99 ISK765,193	-19.2%
Average			-5.0%

Ibague vs. Reykjavik - Cost of childcare

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pay 5.3 times more for entertainment and sports

	Ibague	Reykjavik
Domestic/local beer (1 pint)	$0.92 COP3,851.71	$10.81 ISK1,380	+1070.4%
Cappuccino in mid-range area	$1.31 COP5,456.59	$5.31 ISK677	+305.4%
Pack of cigarettes Marlboro or similar	$2.31 COP9,629.27	$12.25 ISK1,563	+430.3%
Monthly membership at local gym	$41.56 COP173,326.91	$69.95 ISK8,929	+68.3%
Movie ticket to theater/cinema	$3.69 COP15,406.84	$14.77 ISK1,886	+299.9%
Average			+434.9%

Ibague vs. Reykjavik - Cost of entertainment and sports

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pay 2.3 times more for clothing

	Ibague	Reykjavik
Regular jeans Levi's brand	$51.44 COP214,527.31	$108.97 ISK13,911	+111.8%
Regular dress from H&M or similar store	$42.05 COP175,337.66	$49.72 ISK6,347	+18.3%
Running shoes Nike or Adidas	$84.96 COP354,289.61	$151.85 ISK19,386	+78.7%
Men's business shoes (leather)	$46.18 COP192,585.46	$194.16 ISK24,786	+320.4%
Average			+132.3%

Ibague vs. Reykjavik - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: May 2025

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