Cost of living comparison
Iceland is 2.7 times more expensive than Colombia.
If you lived in Iceland instead of Colombia, you would:
pay 3.3 times more for restaurants
|
Colombia
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$4.62
COP19,441.04
|
$19.51
ISK2,678
|
|
|
Fast food combo meal
McDonalds, or similar
|
$6.70
COP28,209.81
|
$16.45
ISK2,257
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.81
COP3,391.40
|
$2.70
ISK371
|
|
| Bottle of water (11 fl. oz) |
$0.63
COP2,663.23
|
$1.95
ISK268
|
|
pay 2.2 times more for groceries
|
Colombia
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.38
COP5,815.42
|
$3.16
ISK433
|
|
| Local cheese (8 oz) |
$2.35
COP9,910.39
|
$6.72
ISK922
|
|
| Milk (1 gallon) |
$4.16
COP17,500.48
|
$6.27
ISK861
|
|
|
Eggs
1 dozen
|
$2.15
COP9,057.70
|
$6.03
ISK828
|
|
| Boneless chicken breast (1 lb) |
$2.31
COP9,727.05
|
$7.60
ISK1,043
|
|
| Apples (1 lb) |
$1.13
COP4,750.03
|
$1.13
ISK155
|
|
| Bananas (1 lb) |
$0.46
COP1,945.89
|
$1.01
ISK138
|
|
| Oranges (1 lb) |
$0.57
COP2,401.55
|
$1.15
ISK158
|
|
| Tomatoes (1 lb) |
$0.54
COP2,267.46
|
$1.71
ISK235
|
|
| Potatoes (1 lb) |
$0.54
COP2,275.21
|
$1.13
ISK155
|
|
| Onions (1 lb) |
$0.49
COP2,069.18
|
$0.68
ISK94
|
|
pay 100.0% more for transportation
|
Colombia
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.34
COP14,043.31
|
$8.42
ISK1,156
|
|
| Monthly public transit pass |
$35.05
COP147,504.75
|
$68.29
ISK9,373
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$19,262.76
COP81,074,644.61
|
$39,714.69
ISK5,450,444
|
|
| Taxi trip in downtown area (5 miles) |
$15.84
COP66,678.32
|
$23.23
ISK3,188
|
|
pay 3.8 times more for housing
|
Colombia
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$24.33
COP102,416.48
|
$74.47
ISK10,221
|
|
| 1-Bedroom apartment in downtown area |
$281.86
COP1,186,335.12
|
$1,518.94
ISK208,459
|
|
| 1-Bedroom apartment outside city center |
$220.38
COP927,545.07
|
$1,325.48
ISK181,909
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$72.51
COP305,198.59
|
$66.99
ISK9,194
|
|
pay 34.7% more for childcare
|
Colombia
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$184.82
COP777,888.05
|
$254.97
ISK34,992
|
|
| Middle school for 1 child, two semesters |
$4,560.16
COP19,193,181.93
|
$5,993.83
ISK822,593
|
|
pay 4.4 times more for entertainment and sports
|
Colombia
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.16
COP4,895.24
|
$9.37
ISK1,287
|
|
| Cappuccino in mid-range area |
$1.50
COP6,323.79
|
$4.61
ISK633
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.30
COP9,693.30
|
$11.22
ISK1,539
|
|
| Monthly membership at local gym |
$23.55
COP99,131.18
|
$60.00
ISK8,235
|
|
| Movie ticket to theater/cinema |
$4.00
COP16,846.16
|
$13.94
ISK1,913
|
|
pay 92.7% more for clothing
|
Colombia
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$55.27
COP232,619.87
|
$108.23
ISK14,854
|
|
|
Regular dress
from H&M or similar store
|
$38.92
COP163,817.48
|
$59.73
ISK8,198
|
|
|
Running shoes
Nike or Adidas
|
$80.53
COP338,957.62
|
$146.94
ISK20,166
|
|
| Men's business shoes (leather) |
$70.84
COP298,163.27
|
$169.24
ISK23,226
|
|
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