Cost of living comparison

Reykjavik, Iceland

compared to

Bogota, Colombia

Bogota vs. Reykjavik Cost of Living Summary

Bogota is 49.3% cheaper than Reykjavik.

Restaurants: pay 70.3% less in Bogota
Groceries: pay 56.2% less in Bogota
Transportation: pay 54.2% less in Bogota
Housing: pay 51.8% less in Bogota
Childcare: pay 7.8% more in Bogota
Entertainment and Sports: pay 76.3% less in Bogota
Clothing: pay 43.9% less in Bogota

Expenses including entertainment and sports, restaurants, groceries, transportation, housing, and clothing are lower in Bogota.

Bogota vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 70.3% less for restaurants

	Reykjavik	Bogota
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,545	$5.00 COP20,570.87	-75.0%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,293	$6.93 COP28,500.50	-61.6%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK401	$0.83 COP3,401.98	-73.8%
Bottle of water (11 fl. oz)	$2.19 ISK278	$0.64 COP2,623.04	-70.8%
Average			-70.3%

Reykjavik vs. Bogota - Cost of restaurants

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pay 56.2% less for groceries

	Reykjavik	Bogota
Bread 1 loaf	$3.61 ISK459	$1.34 COP5,518.27	-62.9%
Local cheese (8 oz)	$7.76 ISK987	$2.21 COP9,093.35	-71.5%
Milk (1 gallon)	$6.40 ISK815	$4.49 COP18,478.33	-29.9%
Eggs 1 dozen	$5.76 ISK733	$2.14 COP8,788.79	-62.9%
Boneless chicken breast (1 lb)	$9.45 ISK1,202	$2.23 COP9,157.50	-76.4%
Apples (1 lb)	$1.40 ISK178	$1.19 COP4,899.63	-15.1%
Bananas (1 lb)	$1.01 ISK128	$0.48 COP1,971.12	-52.5%
Oranges (1 lb)	$1.22 ISK155	$0.55 COP2,280.84	-54.5%
Tomatoes (1 lb)	$2.22 ISK283	$0.54 COP2,204.13	-75.9%
Potatoes (1 lb)	$1.43 ISK183	$0.48 COP1,992.38	-66.2%
Onions (1 lb)	$0.93 ISK119	$0.46 COP1,911.43	-50.3%
Average			-56.2%

Reykjavik vs. Bogota - Cost of groceries

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pay 54.2% less for transportation

	Reykjavik	Bogota
Gasoline (1 gallon)	$8.50 ISK1,082	$3.50 COP14,413.47	-58.8%
Monthly public transit pass	$74.95 ISK9,538	$40.16 COP165,220.30	-46.4%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,401,820	$15,009.35 COP61,751,088.68	-64.6%
Taxi trip in downtown area (5 miles)	$24.05 ISK3,060	$12.69 COP52,212.92	-47.2%
Average			-54.2%

Reykjavik vs. Bogota - Cost of transportation

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pay 51.8% less for housing

	Reykjavik	Bogota
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK8,890	$23.88 COP98,242.91	-65.8%
1-Bedroom apartment in downtown area	$1,971.17 ISK250,832	$428.11 COP1,761,319.35	-78.3%
1-Bedroom apartment outside city center	$1,803.44 ISK229,488	$314.08 COP1,292,182.72	-82.6%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK6,866	$64.50 COP265,358.99	+19.5%
Average			-51.8%

Reykjavik vs. Bogota - Cost of housing

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pay 7.8% more for childcare

	Reykjavik	Bogota
Private preschool for 1 child, monthly	$252.14 ISK32,085	$231.19 COP951,156.77	-8.3%
Middle school for 1 child, two semesters	$5,993.99 ISK762,736	$7,422.81 COP30,538,720.22	+23.8%
Average			+7.8%

Reykjavik vs. Bogota - Cost of childcare

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pay 76.3% less for entertainment and sports

	Reykjavik	Bogota
Domestic/local beer (1 pint)	$10.81 ISK1,376	$1.15 COP4,750.08	-89.3%
Cappuccino in mid-range area	$5.31 ISK675	$1.43 COP5,903.68	-73.0%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,558	$2.31 COP9,500.17	-81.1%
Monthly membership at local gym	$69.95 ISK8,901	$21.38 COP87,949.63	-69.4%
Movie ticket to theater/cinema	$14.77 ISK1,880	$4.62 COP19,000.33	-68.7%
Average			-76.3%

Reykjavik vs. Bogota - Cost of entertainment and sports

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pay 43.9% less for clothing

	Reykjavik	Bogota
Regular jeans Levi's brand	$108.97 ISK13,867	$51.44 COP211,653.09	-52.8%
Regular dress from H&M or similar store	$49.72 ISK6,327	$42.05 COP172,989.15	-15.4%
Running shoes Nike or Adidas	$151.85 ISK19,323	$84.96 COP349,544.62	-44.1%
Men's business shoes (leather)	$194.16 ISK24,707	$71.30 COP293,351.98	-63.3%
Average			-43.9%

Reykjavik vs. Bogota - 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: June 2025

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