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  3. Cost of Living & Prices: Colombia vs. Iceland

Cost of Living & Prices:
Colombia vs. Iceland

Compare the cost of living and prices of goods and services, such as consumer goods prices, housing costs, average wages and more, to learn about differences and similarities between countries.

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Country #2
City
BogotáBogotá
ReykjavíkReykjavík

Table of contents

Grocery

EURUSDISKCOP

Colombia vs. Iceland - grocery purchase prices. You would pay on average 3.2 times less for grocery shopping in Colombia than in Iceland.

Apples (1kg)

One kilogram of apples costs 1.91 EUR (2.17 USD) in Colombia and 3.09 EUR (3.52 USD) in Iceland. The price of this product is 38.2% lower in Colombia.

1.91 EUR
3.09 EUR

Banana (1kg)

1 kilogram of bananas costs 0.78 EUR (0.89 USD) in Colombia and 1.95 EUR (2.22 USD) in Iceland. The price of this product is 60% lower in Colombia.

0.78 EUR
1.95 EUR

Beef Round (1kg) (or Equivalent Back Leg Red Meat)

One kilogram of beef or similar meat costs 5.99 EUR (6.83 USD) in Colombia and 23.98 EUR (27.32 USD) in Iceland. The price of this product is 75% lower in Colombia.

5.99 EUR
23.98 EUR

Bottle of Wine (Mid-Range)

A bottle of medium-grade wine costs 8.33 EUR (9.5 USD) in Colombia and 18.47 EUR (21.05 USD) in Iceland. The price of this product is 54.9% lower in Colombia.

8.33 EUR
18.47 EUR

Chicken Fillets (1kg)

One kilogram of chicken fillet costs 3.69 EUR (4.21 USD) in Colombia and 16.57 EUR (18.88 USD) in Iceland. The price of this product is 77.7% lower in Colombia.

3.69 EUR
16.57 EUR

Cigarettes 20 Pack (Marlboro)

A pack of 20 cigarettes costs 1.67 EUR (1.9 USD) in Colombia and 10.95 EUR (12.48 USD) in Iceland. The price of this product is 84.7% lower in Colombia.

1.67 EUR
10.95 EUR

Domestic Beer (0.5 liter bottle)

Domestic beer in a 0.5 liter bottle costs 0.75 EUR (0.86 USD) in Colombia and 2.87 EUR (3.27 USD) in Iceland. The price of this product is 73.9% lower in Colombia.

0.75 EUR
2.87 EUR

Eggs (regular) (12)

You will pay 1.63 EUR (1.85 USD) for 12 eggs in Colombia and 5.2 EUR (5.92 USD) in Iceland. The price of this product is 68.7% lower in Colombia.

1.63 EUR
5.20 EUR

Imported Beer (0.33 liter bottle)

A 0.33 liter bottle of imported beer costs 1.39 EUR (1.58 USD) in Colombia and 2.38 EUR (2.72 USD) in Iceland. The price of this product is 41.6% lower in Colombia.

1.39 EUR
2.38 EUR

Johnnie Walker Red Label Whisky 0.7 Litre

16.61 EUR
-

Lettuce (1 head)

One head of lettuce costs 0.56 EUR (0.64 USD) in Colombia and 2.57 EUR (2.93 USD) in Iceland. The price of this product is 78.2% lower in Colombia.

0.56 EUR
2.57 EUR

Loaf of Fresh White Bread (500g)

One loaf of fresh white bread costs 1.05 EUR (1.2 USD) in Colombia and 3.08 EUR (3.51 USD) in Iceland. The price of this product is 65.9% lower in Colombia.

1.05 EUR
3.08 EUR

Local Cheese (1kg)

One kilogram of locally produced cheese costs 4.37 EUR (4.98 USD) in Colombia and 13.47 EUR (15.35 USD) in Iceland. The price of this product is 67.6% lower in Colombia.

4.37 EUR
13.47 EUR

Milk (regular), (1 liter)

One liter of milk costs 0.91 EUR (1.04 USD) in Colombia and 1.45 EUR (1.65 USD) in Iceland. The price of this product is 37.2% lower in Colombia.

0.91 EUR
1.45 EUR

Onion (1kg)

One kilogram of onions costs 0.73 EUR (0.83 USD) in Colombia and 1.28 EUR (1.46 USD) in Iceland. The price of this product is 43% lower in Colombia.

0.73 EUR
1.28 EUR

Oranges (1kg)

One kilogram of oranges costs 0.96 EUR (1.1 USD) in Colombia and 2.36 EUR (2.69 USD) in Iceland. The price of this product is 59.3% lower in Colombia.

0.96 EUR
2.36 EUR

Potato (1kg)

One kilogram of potatoes costs 0.8 EUR (0.91 USD) in Colombia and 2.55 EUR (2.9 USD) in Iceland. The price of this product is 68.6% lower in Colombia.

0.80 EUR
2.55 EUR

Rice (white), (1kg)

One kilogram of white rice costs 0.9 EUR (1.03 USD) in Colombia and 2.91 EUR (3.32 USD) in Iceland. The price of this product is 69.1% lower in Colombia.

0.90 EUR
2.91 EUR

Smirnoff Red Label Vodka 0.7 Litre

14.85 EUR
-

Tomato (1kg)

One kilogram of tomatoes costs 0.97 EUR (1.11 USD) in Colombia and 4.38 EUR (4.99 USD) in Iceland. The price of this product is 77.9% lower in Colombia.

0.97 EUR
4.38 EUR

Water (1.5 liter bottle)

A 1.5 liter bottle of water costs 0.58 EUR (0.66 USD) in Colombia and 1.84 EUR (2.1 USD) in Iceland. The price of this product is 68.5% lower in Colombia.

0.58 EUR
1.84 EUR

Restaurant

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Colombia vs. Iceland - expenses on meals in restaurants. You would pay 4.93 times less for meals in restaurants in Colombia than in Iceland.

Cappuccino (regular)

For a cappuccino in a restaurant, you'll pay 1.15 EUR (1.31 USD) in Colombia and 4.28 EUR (4.88 USD) in Iceland. The price of this product is 73.1% lower in Colombia.

1.15 EUR
4.28 EUR

Coke/Pepsi (0.33 liter bottle)

A 0.33 liter bottle of Coca-Cola or Pepsi costs 0.61 EUR (0.7 USD) in Colombia and 2.36 EUR (2.69 USD) in Iceland. The price of this product is 74.2% lower in Colombia.

0.61 EUR
2.36 EUR

Domestic Beer (0.5 liter draught)

Domestic beer with a capacity of 0.5 liters costs 1.04 EUR (1.19 USD) in Colombia and 8.9 EUR (10.14 USD) in Iceland. The price of this product is 88.3% lower in Colombia.

1.04 EUR
8.90 EUR

Imported Beer (0.33 liter bottle)

A 0.33 liter bottle of imported beer costs 1.98 EUR (2.26 USD) in Colombia and 7.53 EUR (8.58 USD) in Iceland. The price of this product is 73.7% lower in Colombia.

1.98 EUR
7.53 EUR

McMeal at McDonalds (or Equivalent Combo Meal)

A McMeal or similar meal at McDonald's costs 5 EUR (5.7 USD) in Colombia and 13.69 EUR (15.6 USD) in Iceland. The price of this product is 63.5% lower in Colombia.

5.00 EUR
13.69 EUR

Meal for 2 People, Mid-range Restaurant, Three-course

A three-course meal for two people at a mid-range restaurant costs 18.75 EUR (21.37 USD) in Colombia and 102.65 EUR (116.99 USD) in Iceland. The price of this product is 81.7% lower in Colombia.

18.75 EUR
102.65 EUR

Meal, Inexpensive Restaurant

A meal at an inexpensive restaurant costs 3.12 EUR (3.56 USD) in Colombia and 17.11 EUR (19.5 USD) in Iceland. The price of this product is 81.8% lower in Colombia.

3.12 EUR
17.11 EUR

Water (0.33 liter bottle)

A 0.33 liter bottle of water costs 0.49 EUR (0.56 USD) in Colombia and 1.83 EUR (2.09 USD) in Iceland. The price of this product is 73.2% lower in Colombia.

0.49 EUR
1.83 EUR

Fuel

EURUSDISKCOP

Colombia vs. Iceland - expenses related to fuel. You would pay 2.82 times less for fuel in Colombia than in Iceland.

Diesel 1L

A liter of diesel costs 0.55 EUR (0.63 USD) in Colombia and 2.02 EUR (2.3 USD) in Iceland. The price of this product is 72.8% lower in Colombia.

0.55 EUR
2.02 EUR

Gasoline 1L

A liter of gasoline costs 0.87 EUR (0.99 USD) in Colombia and 1.99 EUR (2.27 USD) in Iceland. The price of this product is 56.3% lower in Colombia.

0.87 EUR
1.99 EUR

Transportation

EURUSDISKCOP

Colombia vs. Iceland - costs of transportation and public communication. You would pay 3.47 times less for transportation in Colombia than in Iceland.

Monthly Pass (Regular Price)

The monthly ticket price for public transportation is 28.98 EUR (33.03 USD) in Colombia and 61.59 EUR (70.19 USD) in Iceland. The price of this product is 52.9% lower in Colombia.

28.98 EUR
61.59 EUR

One-way Ticket (Local Transport)

The one-way ticket price for local transportation is 0.57 EUR (0.65 USD) in Colombia and 3.76 EUR (4.29 USD) in Iceland. The price of this product is 84.8% lower in Colombia.

0.57 EUR
3.76 EUR

Taxi 1hour Waiting (Normal Tariff)

The cost of a one-hour taxi stand/wait is 5.16 EUR (5.88 USD) in Colombia and 55.91 EUR (63.72 USD) in Iceland. The price of this product is 90.8% lower in Colombia.

5.16 EUR
55.91 EUR

Taxi 1km (Normal Tariff)

The fare for each kilometer traveled is 1.41 EUR (1.6 USD) in Colombia and 2.83 EUR (3.23 USD) in Iceland. The price of this product is 50.2% lower in Colombia.

1.41 EUR
2.83 EUR

Taxi Start (Normal Tariff)

The initial fare during a taxi ride is 1.04 EUR (1.19 USD) in Colombia and 5 EUR (5.69 USD) in Iceland. The price of this product is 79.2% lower in Colombia.

1.04 EUR
5.00 EUR

Sports & entertainment

EURUSDISKCOP

Colombia vs. Iceland - costs related to entertainment and sports.

Cinema, International Release, 1 Seat

The ticket price for a foreign film in the cinema is 3.33 EUR (3.8 USD) in Colombia and 12.66 EUR (14.43 USD) in Iceland. The price of this product is 73.7% lower in Colombia.

3.33 EUR
12.66 EUR

Fitness Club, Monthly Fee for 1 Adult

The monthly fee for entry to the fitness club is 17.44 EUR (19.87 USD) in Colombia and 61.6 EUR (70.2 USD) in Iceland. The price of this product is 71.7% lower in Colombia.

17.44 EUR
61.60 EUR

Tennis Court Rent (1 Hour on Weekend)

The cost of renting a tennis court for one hour on the weekend is 8.01 EUR (9.13 USD) in Colombia and 42.31 EUR (48.22 USD) in Iceland. The price of this product is 81.1% lower in Colombia.

8.01 EUR
42.31 EUR

Flats for rent

EURUSDISKCOP

Colombia vs. Iceland - costs of renting an apartment. You would pay about 4.01 times less for renting an apartment in Colombia than in Iceland.

Apartment (1 bedroom) in City Centre

For renting an apartment in the city center consisting of a living room and one bedroom, you will pay 323.75 EUR (368.97 USD) in Colombia and 1487 EUR (1694.6 USD) in Iceland. The price of this product is 78.2% lower in Colombia.

323.75 EUR
1 487 EUR

Apartment (1 bedroom) Outside of Centre

For renting an apartment outside the city center consisting of a living room and one bedroom, you will pay 246 EUR (280.36 USD) in Colombia and 1259 EUR (1435.39 USD) in Iceland. The price of this product is 80.5% lower in Colombia.

246.00 EUR
1 259 EUR

Apartment (3 bedrooms) in City Centre

For renting an apartment in the city center consisting of a living room and three bedrooms, you will pay 638.22 EUR (727.36 USD) in Colombia and 2153 EUR (2454.12 USD) in Iceland. The price of this product is 70.4% lower in Colombia.

638.22 EUR
2 153 EUR

Apartment (3 bedrooms) Outside of Centre

For renting an apartment outside the city center consisting of a living room and three bedrooms, you will pay 461.39 EUR (525.83 USD) in Colombia and 1792 EUR (2042.21 USD) in Iceland. The price of this product is 74.3% lower in Colombia.

461.39 EUR
1 792 EUR

Flats for sale

EURUSDISKCOP

Colombia vs. Iceland - costs of purchasing an apartment. You would pay 3.86 times less for buying an apartment in Colombia than in Iceland.

Price per Square Meter to Buy Apartment in City Centre

For one square meter of an apartment in the city center you will pay 1447 EUR (1648.77 USD) in Colombia and 5747 EUR (6549.82 USD) in Iceland. The price of this product is 74.8% lower in Colombia.

1 447 EUR
5 747 EUR

Price per Square Meter to Buy Apartment Outside of Centre

For one square meter of an apartment outside the city center, you will pay 1129 EUR (1287.24 USD) in Colombia and 4193 EUR (4779 USD) in Iceland. The price of this product is 73.1% lower in Colombia.

1 129 EUR
4 193 EUR

Salary

EURUSDISKCOP

Colombia vs. Iceland - average salary. The average salary in Colombia is 11.25 times lower than in Iceland.

Average Monthly Net Salary (After Tax)

The average monthly salary after taxes is 303.61 EUR (346.02 USD) in Colombia and 3417 EUR (3893.72 USD) in Iceland. The average salary is 91.1% lower in Colombia.

303.61 EUR
3 417 EUR

Hotels

EURUSDISKCOP

Colombia vs. Iceland - prices of accommodation in hostels, guesthouses, and hotels.

One star

25.9 EUR
-

Two stars

54 EUR
151 EUR

Three stars

88.4 EUR
201 EUR

Four stars

152 EUR
322 EUR

Five stars

485 EUR
-

Average accommodation prices based on Expedia.com data • Update: 15 Dec 2024 (1 night stay for 2 people on 29 Dec 2024) • Colombia: 20 cities, 1024 hotels • Iceland: 11 cities, 117 hotels

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