Published: Monday, 21th October 2024
The cost of living in Colombia is 3.27 times less expensive as compared to Iceland.
On this page, you will find side-by-side cost comparison between Colombia and Iceland. We have created 172 cost-of-living indicators. We average the prices of all those indicators and take a mathematically calculated approach to determine which country is more expensive to live in between Colombia and Iceland.
We always try to give you the latest data, but sometimes mistakes might occur. If you think some content on our site is not updated, please let us know by emailing us at: info.comparedoo@gmail.com
Indicators | Colombia | Iceland |
---|---|---|
1 BHK Apartment in City Center | 1,500,000 COP (360 USD) | 200,000 ISK (1,420 USD) |
2 BHK Apartment in City Center | 2,500,000 COP (600 USD) | 300,000 ISK (2,130 USD) |
3 BHK Apartment in City Center | 3,500,000 COP (840 USD) | 400,000 ISK (2,840 USD) |
1 BHK Apartment outside City Center | 900,000 COP (216 USD) | 150,000 ISK (1,065 USD) |
2 BHK Apartment outside City Center | 1,500,000 COP (360 USD) | 200,000 ISK (1,420 USD) |
3 BHK Apartment outside City Center | 2,200,000 COP (528 USD) | 300,000 ISK (2,130 USD) |
Mortgage Rates Per Month | 9 % | 4 % |
Realtor Commission | 2 % | 2 % |
Property Taxes | 0.3 to 1.6 % | 0.2 to 1.65 % |
The average housing cost in Colombia is 3.75 times less expensive than Iceland.
Indicators | Colombia | Iceland |
---|---|---|
Basic Home Furnishing | 1,200,000 COP (288 USD) | 300,000 ISK (2,130 USD) |
Electricity Cost Per Month | 150,000 COP (36 USD) | 20,000 ISK (142 USD) |
Heating Cost Per Month | 80,000 COP (19.20 USD) | 25,000 ISK (177.50 USD) |
Cooling Cost Per Month | 100,000 COP (24 USD) | 10,000 ISK (71 USD) |
Water Supply Cost Per Month | 50,000 COP (12 USD) | 5,000 ISK (35.50 USD) |
If you lived in Colombia, instead of Iceland, you would have to pay 85.16% less for Utilities.
The basic home furnishing in Colombia costs 7.40 times less compared to Iceland.
Indicators | Colombia | Iceland |
---|---|---|
Standard Wifi Cost Per Month | 100,000 COP (24 USD) | 10,000 ISK (71 USD) |
Mobile Phone Basic Plan Cost Per Month | 60,000 COP (14.40 USD) | 5,000 ISK (35.50 USD) |
Landline Basic Plan Cost Per Month | 40,000 COP (9.60 USD) | 3,000 ISK (21.30 USD) |
Cable TV Basic Plan Cost Per Month | 120,000 COP (28.80 USD) | 8,000 ISK (56.80 USD) |
The internet and communication costs 58.40% less in Colombia compared to Iceland.
Indicators | Colombia | Iceland |
---|---|---|
Long Grain Rice (1 KG) | 4,000 COP (0.96 USD) | 500 ISK (3.55 USD) |
Milk (1 Liter) | 3,500 COP (0.84 USD) | 250 ISK (1.78 USD) |
Water (1 Liter) | 1,000 COP (0.24 USD) | 50 ISK (0.36 USD) |
Bread (500 gm) | 2,000 COP (0.48 USD) | 150 ISK (1.07 USD) |
Eggs (1 Dozen) | 8,000 COP (1.92 USD) | 500 ISK (3.55 USD) |
Cheese (1 KG) | 15,000 COP (3.60 USD) | 1,200 ISK (8.52 USD) |
Chicken Breast (1 KG) | 12,000 COP (2.88 USD) | 1,000 ISK (7.10 USD) |
In Colombia, the cost of 1 Liter Water and 1 Liter Milk is 1.97 times less expensive than the cost in Iceland.
If you lived in Colombia, instead of Iceland, you would have to pay 57.86% less for Groceries.
Indicators | Colombia | Iceland |
---|---|---|
Apples (1 KG) | 6,000 COP (1.44 USD) | 800 ISK (5.68 USD) |
Bananas (1 KG) | 4,000 COP (0.96 USD) | 600 ISK (4.26 USD) |
Oranges (1 KG) | 5,000 COP (1.20 USD) | 700 ISK (4.97 USD) |
Tomatoes (1 KG) | 4,000 COP (0.96 USD) | 500 ISK (3.55 USD) |
Potatoes (1 KG) | 3,000 COP (0.72 USD) | 400 ISK (2.84 USD) |
Lemons (1 KG) | 8,000 COP (1.92 USD) | 700 ISK (4.97 USD) |
Onions (1 KG) | 4,000 COP (0.96 USD) | 600 ISK (4.26 USD) |
Lentils (1 KG) | 6,000 COP (1.44 USD) | 600 ISK (4.26 USD) |
If you lived in Colombia, instead of Iceland, you would have to pay 3.62 times less for Fruits and Vegetables.
Indicators | Colombia | Iceland |
---|---|---|
Meal at a Resonable Restaurant | 20,000 COP (4.80 USD) | 3,500 ISK (24.85 USD) |
Three-Course Meal for Two | 80,000 COP (19.20 USD) | 8,000 ISK (56.80 USD) |
Fast Food Combo Meal | 15,000 COP (3.60 USD) | 1,500 ISK (10.65 USD) |
Normal Coffee | 5,000 COP (1.20 USD) | 500 ISK (3.55 USD) |
Soft Drink | 2,000 COP (0.48 USD) | 300 ISK (2.13 USD) |
Pizza for One | 30,000 COP (7.20 USD) | 2,500 ISK (17.75 USD) |
Take-Out Delivery Meal | 25,000 COP (6 USD) | 3,000 ISK (21.30 USD) |
Cigarette Pack of 20 | 15,000 COP (3.60 USD) | 1,500 ISK (10.65 USD) |
Dining-Out costs 68.80% less in Colombia compared to Iceland.
Indicators | Colombia | Iceland |
---|---|---|
Wine Mid-Range Bottle | 50,000 COP (12 USD) | 2,000 ISK (14.20 USD) |
Glass of Wine | 20,000 COP (4.80 USD) | 1,200 ISK (8.52 USD) |
Domestic Beer Half Liter | 5,000 COP (1.20 USD) | 600 ISK (4.26 USD) |
Imported Beer Half Liter | 10,000 COP (2.40 USD) | 800 ISK (5.68 USD) |
Domestic Alcohol 1 Liter | 30,000 COP (7.20 USD) | 3,000 ISK (21.30 USD) |
Branded Alcohol 1 Liter | 70,000 COP (16.80 USD) | 4,000 ISK (28.40 USD) |
If you lived in Colombia, instead of Iceland, you would have to pay 1.85 times less for usual hard drinks.
Indicators | Colombia | Iceland |
---|---|---|
Monthly Public Transportation Pass | 80,000 COP (19.20 USD) | 15,000 ISK (106.50 USD) |
Single Public Transportation Ticket | 2,500 COP (0.60 USD) | 400 ISK (2.84 USD) |
Single Train Ticket | 80,000 COP (19.20 USD) | Yet to Update () |
Domestic Airplane Ticket | 250,000 COP (60 USD) | 30,000 ISK (213 USD) |
Taxi Start Fare | 5,000 COP (1.20 USD) | 800 ISK (5.68 USD) |
Taxi Rate Per Kilometer | 2,000 COP (0.48 USD) | 200 ISK (1.42 USD) |
Car Rental Per Day | 120,000 COP (28.80 USD) | 10,000 ISK (71 USD) |
Parking Fees in City Center Per Hour | 5,000 COP (1.20 USD) | 500 ISK (3.55 USD) |
Parking Fees outside City Center Per Hour | 2,000 COP (0.48 USD) | 300 ISK (2.13 USD) |
If you lived in Colombia, instead of Iceland, you would have to pay 3.10 times less for transportation.
Indicators | Colombia | Iceland |
---|---|---|
Reasonable Vehicle Purchase Cost | 30,000,000 COP (7,200 USD) | 4,000,000 ISK (28,400 USD) |
Vehicle Registration Cost | 200,000 COP (48 USD) | 15,000 ISK (106.50 USD) |
Driving License Fees | 150,000 COP (36 USD) | 5,000 ISK (35.50 USD) |
Car Insurance Cost | 1,000,000 COP (240 USD) | 40,000 ISK (284 USD) |
Car Maintenance Cost | 200,000 COP (48 USD) | 15,000 ISK (106.50 USD) |
Car Loan Interest Rates | 11 % | 5 % |
Fuel Per Liter | 10,000 COP (2.40 USD) | 250 ISK (1.78 USD) |
Fuel Per Gallon | 40,000 COP (9.60 USD) | 1,200 ISK (8.52 USD) |
Average Toll Fees | 10,000 COP 2.40 USD | 1,000 ISK 7.10 USD |
You would have to pay 3.82 times less for Vehicle purchase, daily operation and maintenance in Colombia compared to that of Iceland.
Indicators | Colombia | Iceland |
---|---|---|
Doctor Visit | 100,000 COP (24 USD) | 5,000 ISK (35.50 USD) |
Specialist Visit | 200,000 COP (48 USD) | 10,000 ISK (71 USD) |
Dentist Visit | 150,000 COP (36 USD) | 8,000 ISK (56.80 USD) |
Eye Exam | 60,000 COP (14.40 USD) | 3,000 ISK (21.30 USD) |
Mental Health Counseling | 120,000 COP (28.80 USD) | 8,000 ISK (56.80 USD) |
Preventive Health Screening | 50,000 COP (12 USD) | 4,000 ISK (28.40 USD) |
Physical Therapy | 100,000 COP (24 USD) | 6,000 ISK (42.60 USD) |
Emergency Room Visit | 500,000 COP (120 USD) | 15,000 ISK (106.50 USD) |
Hospital Stay Per Night | 700,000 COP (168 USD) | 25,000 ISK (177.50 USD) |
Vaccinations | 30,000 COP (7.20 USD) | 2,500 ISK (17.75 USD) |
Prescription Medication | 20,000 COP (4.80 USD) | 1,500 ISK (10.65 USD) |
Over the Counter Medication | 10,000 COP (2.40 USD) | 800 ISK (5.68 USD) |
Health Insurance Premiums | 300,000 COP (72 USD) | 20,000 ISK (142 USD) |
Health Insurance Deductibles | 50,000 COP (12 USD) | 5,000 ISK (35.50 USD) |
If you lived in Colombia, instead of Iceland, you would have to pay 1.41 times less for Health and Medical Treatment.
Indicators | Colombia | Iceland |
---|---|---|
Cosmetic Procedures | 400,000 COP (96 USD) | 30,000 ISK (213 USD) |
Spa Treatment | 200,000 COP (48 USD) | 10,000 ISK (71 USD) |
Manicure Pedicure Cost | 50,000 COP (12 USD) | 3,000 ISK (21.30 USD) |
Optical Glasses Cost | 150,000 COP (36 USD) | 10,000 ISK (71 USD) |
Contact Lenses Cost | 80,000 COP (19.20 USD) | 5,000 ISK (35.50 USD) |
Haircuts | 20,000 COP (4.80 USD) | 2,000 ISK (14.20 USD) |
Hair Coloring | 100,000 COP (24 USD) | 6,000 ISK (42.60 USD) |
Shampoo Price | 15,000 COP (3.60 USD) | 500 ISK (3.55 USD) |
Toothpaste Price | 5,000 COP (1.20 USD) | 200 ISK (1.42 USD) |
If you lived in Colombia, instead of Iceland, you would have to pay 1.93 times less for Personal Care Items and Treatment.
Indicators | Colombia | Iceland |
---|---|---|
Pair of Nike Running Shoes | 350,000 COP (84 USD) | 15,000 ISK (106.50 USD) |
Men's Shirt | 80,000 COP (19.20 USD) | 5,000 ISK (35.50 USD) |
Women's Dress | 150,000 COP (36 USD) | 10,000 ISK (71 USD) |
Summer Dress | 100,000 COP (24 USD) | 5,000 ISK (35.50 USD) |
Men's Suit | 600,000 COP (144 USD) | 40,000 ISK (284 USD) |
Men's Jeans | 150,000 COP (36 USD) | 7,000 ISK (49.70 USD) |
Women's Jeans | 130,000 COP (31.20 USD) | 6,000 ISK (42.60 USD) |
Men's Formal Shoes | 250,000 COP (60 USD) | 7,000 ISK (49.70 USD) |
Women's Formal Shoes | 250,000 COP (60 USD) | 7,000 ISK (49.70 USD) |
Men's Casual Shoes | 200,000 COP (48 USD) | 5,000 ISK (35.50 USD) |
Women's Casual Shoes | 180,000 COP (43.20 USD) | 4,000 ISK (28.40 USD) |
Underwear For Men | 30,000 COP (7.20 USD) | 1,000 ISK (7.10 USD) |
Underwear For Women | 35,000 COP (8.40 USD) | 1,200 ISK (8.52 USD) |
Socks For Men | 10,000 COP (2.40 USD) | 300 ISK (2.13 USD) |
Socks For Women | 12,000 COP (2.88 USD) | 400 ISK (2.84 USD) |
Wintercoat for Adults | 250,000 COP (60 USD) | 8,000 ISK (56.80 USD) |
Sportswear | 200,000 COP (48 USD) | 6,000 ISK (42.60 USD) |
If you lived in Colombia, instead of Iceland, you would have to pay 1.27 times less for Clothing and Footwear for Adults.
Indicators | Colombia | Iceland |
---|---|---|
Children's Jeans | 80,000 COP (19.20 USD) | 3,500 ISK (24.85 USD) |
Children's Normal Sneakers | 100,000 COP (24 USD) | 4,000 ISK (28.40 USD) |
Children's Winter Coat | 120,000 COP (28.80 USD) | 6,000 ISK (42.60 USD) |
Daycare for Infant | 500,000 COP (120 USD) | 25,000 ISK (177.50 USD) |
Daycare for Toddler | 400,000 COP (96 USD) | 20,000 ISK (142 USD) |
Childcare for Sick Days | 50,000 COP (12 USD) | 1,500 ISK (10.65 USD) |
Early Childhood Education Programs | 300,000 COP (72 USD) | 6,000 ISK (42.60 USD) |
Extra Curricular Activities | 150,000 COP (36 USD) | 3,000 ISK (21.30 USD) |
Summer Camp for Kids | 400,000 COP (96 USD) | 8,000 ISK (56.80 USD) |
If you lived in Colombia, instead of Iceland, you would have to pay 1.08 times less for Childcare and kids clothing.
Indicators | Colombia | Iceland |
---|---|---|
PreSchool Fees | 300,000 COP (72 USD) | 30,000 ISK (213 USD) |
Primary School Fees | 800,000 COP (192 USD) | 40,000 ISK (284 USD) |
Secondary School Fees | 1,000,000 COP (240 USD) | 60,000 ISK (426 USD) |
Private School Fees | 1,500,000 COP (360 USD) | 80,000 ISK (568 USD) |
University Tuition Fees | 2,500,000 COP (600 USD) | 150,000 ISK (1,065 USD) |
University Private Tuition Fees | 4,000,000 COP (960 USD) | 200,000 ISK (1,420 USD) |
After School Activities | 100,000 COP (24 USD) | 5,000 ISK (35.50 USD) |
Special Education Services | 200,000 COP (48 USD) | 7,000 ISK (49.70 USD) |
Tutoring | 70,000 COP (16.80 USD) | 5,000 ISK (35.50 USD) |
Textbooks Cost | 80,000 COP (19.20 USD) | 4,000 ISK (28.40 USD) |
School Supplies | 30,000 COP (7.20 USD) | 2,000 ISK (14.20 USD) |
If you lived in Colombia, instead of Iceland, you would have to pay 1.63 times less for school and education.
Indicators | Colombia | Iceland |
---|---|---|
Movie Ticket (Single) | 15,000 COP (3.60 USD) | 1,000 ISK (7.10 USD) |
Theater Ticket (Single) | 50,000 COP (12 USD) | 2,000 ISK (14.20 USD) |
Concert Ticket (Single) | 80,000 COP (19.20 USD) | 2,500 ISK (17.75 USD) |
Sports Event Ticket (Single) | 60,000 COP (14.40 USD) | 1,500 ISK (10.65 USD) |
Gym Membership | 100,000 COP (24 USD) | 6,000 ISK (42.60 USD) |
Swimming Pool Access | 80,000 COP (19.20 USD) | 5,000 ISK (35.50 USD) |
Museum Entry Ticket | 20,000 COP (4.80 USD) | 1,000 ISK (7.10 USD) |
Zoo Entry Ticket | 25,000 COP (6 USD) | 1,500 ISK (10.65 USD) |
Amusement Park Entry Ticket | 40,000 COP (9.60 USD) | 2,000 ISK (14.20 USD) |
Bowling | 30,000 COP (7.20 USD) | 1,000 ISK (7.10 USD) |
Mini Golf | 25,000 COP (6 USD) | 1,500 ISK (10.65 USD) |
Video Games | 150,000 COP (36 USD) | 5,000 ISK (35.50 USD) |
Streaming Services | 25,000 COP (6 USD) | 1,000 ISK (7.10 USD) |
Outdoor Equipment Rental | 50,000 COP (12 USD) | 1,000 ISK (7.10 USD) |
Theme Park Annual Pass | 600,000 COP (144 USD) | 50,000 ISK (355 USD) |
If you lived in Colombia, instead of Iceland, you would have to pay 1.80 times less for entertainment, recreation and fun activities.
Indicators | Colombia | Iceland |
---|---|---|
Language Classes | 120,000 COP (28.80 USD) | 5,000 ISK (35.50 USD) |
Parenting Classes | 80,000 COP (19.20 USD) | 5,000 ISK (35.50 USD) |
Art Classes | 70,000 COP (16.80 USD) | 3,000 ISK (21.30 USD) |
Fitness Classes | 40,000 COP (9.60 USD) | 6,000 ISK (42.60 USD) |
Music Lessons | 100,000 COP (24 USD) | 4,000 ISK (28.40 USD) |
Dance Lessons | 80,000 COP (19.20 USD) | 4,000 ISK (28.40 USD) |
Reading Materials for Classes | 20,000 COP (4.80 USD) | 1,000 ISK (7.10 USD) |
Educational Software | 150,000 COP (36 USD) | 3,000 ISK (21.30 USD) |
If you lived in Colombia, instead of Iceland, you would have to pay 1.39 times less for Private Classes.
Indicators | Colombia | Iceland |
---|---|---|
Average Gross Monthly Salary | 3,500,000 COP (840 USD) | 450,000 ISK (3,195 USD) |
Average Net Monthly Salary | 2,500,000 COP (600 USD) | 350,000 ISK (2,485 USD) |
Minimum Wages | 43,333.33 COP per hour (10.40 USD) | 6,666.67 ISK per hour (47.33 USD) |
Average Bonus | 500,000 COP (120 USD) | 40,000 ISK (284 USD) |
Income Tax Rate | 0 to 19 % | 0 to 24 % |
Social Security Contributions | 16 % | 7 % |
Pension Contributions | 12 % | 8 % |
Cost of Living Index | 48 | 12 |
Median Household Income | 2,000,000 COP (480 USD) | 400,000 ISK (2,840 USD) |
If you lived in Colombia, you would earn 4.32 times less salary as compared to Iceland.
Indicators | Colombia | Iceland |
---|---|---|
Legal Consultation Per Hour Rate | 300,000 COP (72 USD) | 10,000 ISK (71 USD) |
Accounting Services Per Hour Rate | 200,000 COP (48 USD) | 7,000 ISK (49.70 USD) |
IT Support Services Per Hour Rate | 150,000 COP (36 USD) | 5,000 ISK (35.50 USD) |
Technician Services Per Hour Rate | 120,000 COP (28.80 USD) | 4,000 ISK (28.40 USD) |
Professional Services cost 1.00 times more in Colombia, as compared to Iceland.
We hope you enjoyed the detailed guide on the cost of living comparsion between Colombia and Iceland.
For more side-by-side comparsion between Countries, States and Cities, you can use the search box above or click the links below.
The Comparedoo.com family sincerely appreciates your time with us. We look forward to seeing you on our other pages.