Cost of living comparison

Colombia

compared to

Iceland

Reykjavik vs. Pereira Cost of Living Summary

Reykjavik is 2.5 times more expensive than Pereira.

Restaurants: pay 3.3 times more in Reykjavik
Groceries: pay 2.3 times more in Reykjavik
Transportation: pay 70.3% more in Reykjavik
Housing: pay 3.0 times more in Reykjavik
Childcare: pay 2.1 times more in Reykjavik
Entertainment and Sports: pay 3.0 times more in Reykjavik
Clothing: pay 62.4% more in Reykjavik

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

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Reykjavik vs. Pereira Cost Breakdown

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

Display currency: USD

pay 3.3 times more for restaurants

	Pereira	Reykjavik
Basic meal with drink at inexpensive restaurant	$8.03 COP26,617.56	$31.06 ISK3,849	+286.8%
Fast food combo meal McDonalds, or similar	$9.26 COP30,712.57	$26.97 ISK3,342	+191.1%
Bottle of Coca-Cola (11 fl. oz)	$1.40 COP4,631.32	$3.31 ISK411	+137.2%
Bottle of water (11 fl. oz)	$0.86 COP2,847.06	$3.11 ISK385	+261.7%
Average			+231.2%

Pereira vs. Reykjavik - Cost of restaurants

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pay 2.3 times more for groceries

	Pereira	Reykjavik
Bread 1 loaf	$1.70 COP5,625.52	$4.19 ISK520	+147.1%
Local cheese (8 oz)	$1.54 COP5,113.64	$10.93 ISK1,355	+608.6%
Milk (1 gallon)	$4.68 COP15,501.30	$7.78 ISK964	+66.3%
Eggs 1 dozen	$2.88 COP9,557.75	$7.08 ISK877	+145.5%
Boneless chicken breast (1 lb)	$4.32 COP14,308.30	$11.00 ISK1,364	+154.9%
Apples (1 lb)	$1.78 COP5,913.81	$1.50 ISK186	-15.7%
Bananas (1 lb)	$0.56 COP1,857.47	$1.27 ISK157	+126.3%
Oranges (1 lb)	$0.96 COP3,192.98	$1.46 ISK181	+51.5%
Tomatoes (1 lb)	$0.56 COP1,857.47	$2.93 ISK363	+423.3%
Potatoes (1 lb)	$0.87 COP2,886.42	$1.78 ISK220	+103.9%
Onions (1 lb)	$0.53 COP1,764.59	$0.76 ISK94	+42.1%
Average			+126.3%

Pereira vs. Reykjavik - Cost of groceries

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pay 70.3% more for transportation

	Pereira	Reykjavik
Gasoline (1 gallon)	$4.88 COP16,165.29	$7.76 ISK962	+59.2%
Monthly public transit pass	??	$94.80 ISK11,749
New Volkswagen Golf 1.4 (standard edition)	$27,172.58 COP90M	$50,588.43 ISK6M	+86.2%
Taxi trip in downtown area (5 miles)	$17.71 COP58,698.38	$29.26 ISK3,626	+65.2%
Average			+70.3%

Pereira vs. Reykjavik - Cost of transportation

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pay 3.0 times more for housing

	Pereira	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$28.03 COP92,933.96	$86.01 ISK10,659	+206.8%
1-Bedroom apartment in downtown area	$642.33 COP2M	$2,522.88 ISK313K	+292.8%
1-Bedroom apartment outside city center	$494.10 COP2M	$2,032.25 ISK252K	+311.3%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$118.08 COP391K	$73.44 ISK9,101	-37.8%
Average			+199.7%

Pereira vs. Reykjavik - Cost of housing

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pay 2.1 times more for childcare

	Pereira	Reykjavik
Private preschool for 1 child, monthly	$776.46 COP3M	$1,185.23 ISK147K	+52.6%
Middle school for 1 child, two semesters	$8,842.94 COP29M	$25,853.51 ISK3M	+192.4%
Average			+111.3%

Pereira vs. Reykjavik - Cost of childcare

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pay 3.0 times more for entertainment and sports

	Pereira	Reykjavik
Domestic/local beer (1 pint)	$3.09 COP10,237.52	$13.89 ISK1,722	+349.9%
Cappuccino in mid-range area	$2.60 COP8,628.84	$6.74 ISK836	+159.0%
Pack of cigarettes Marlboro or similar	$3.63 COP12,029.09	$13.89 ISK1,722	+282.9%
Monthly membership at local gym	$47.25 COP157K	$100.25 ISK12,424	+112.2%
Movie ticket to theater/cinema	$6.33 COP20,986.92	$19.57 ISK2,426	+209.2%
Average			+199.1%

Pereira vs. Reykjavik - Cost of entertainment and sports

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pay 62.4% more for clothing

	Pereira	Reykjavik
Regular jeans Levi's brand	$84.71 COP281K	$149.01 ISK18,467	+75.9%
Regular dress from H&M or similar store	$57.44 COP190K	$65.79 ISK8,153	+14.5%
Running shoes Nike or Adidas	$134.66 COP446K	$181.84 ISK22,535	+35.0%
Men's business shoes (leather)	$97.20 COP322K	$248.81 ISK30,835	+156.0%
Average			+62.4%

Pereira vs. Reykjavik - Cost of clothing

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We average the price of thousands of data points entered by users across the world. Sources: MyLifeElsewhere's cost-of-living dataset (prices updated November 2026). How we calculate this

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