Bogota vs Reykjavik - Cost of Living Comparison

Updated: March 02, 2025

	Bogota	Reykjavik
🚶 Cost of living one person	$887	$2938
👨‍👩‍👧‍👦 Cost of living Family	$2258	$5875
🏠 One person rent	$388	$1801
🏘️ Family rent	$728	$2674
🍽️ Food expenses	$270	$827
🚐 Transport expenses	$148	$90.1
💳 Monthly salary after tax	$379	$3761
😷 Air quality	Moderate	Excellent
✈️ Airport proximity	13 km	4 km
🎓 Higher education	89	53
😀 Quality of life	60	89
🏙️ Population	8.03M	140K

The cost of living in Bogota is 70% less expensive than in Reykjavik. Cities ranked 6104th and 200th ($887 vs $2938) in the list of the most expensive cities in the world and ranked 4th and 1st in Colombia and Iceland, respectively. Check Colombia vs Iceland comparison.

The average after-tax salary is enough to cover living expenses for 0.4 months in Bogota compared to 1.3 months in Reykjavik. Bogota ranked 1st best city to live in Colombia vs Reykjavik ranked 1st in Iceland, while ranked 5261st and 194th among best cities to live in the world.

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Cost of living in Bogota vs Reykjavik infographic

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<img src="https://livingcost.org/assets/photo/cost/bogota/reykjavik.jpg" alt="Cost of living in Bogota vs Reykjavik infographic" style="max-width: 100%; height: auto;"><p>Source: <a href="https://livingcost.org/cost/bogota/reykjavik" target="_blank">Bogota vs Reykjavik - Cost of Living Comparison</a></p>

Prices in Bogota vs Reykjavik

Prices for goods and services in Bogota and Reykjavik are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

	Bogota	Reykjavik
Eating Out
🍱 Lunch Menu	$6.16	$21.5
🥂 Dinner in a Restaurant, for 2	$25.4	$137
🥪 Fast food meal, equiv. McDonald's	$7.32	$17.9
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$1.26	$10.8
☕ Cappuccino	$2.06	$5.37
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1	$3.09
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$429	$1839
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$285	$1650
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$784	$2869
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$588	$2456
🔌 Utility Bill one person, electricity, heating, water, etc.	$50.6	$42.1
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$77.7	$64.6
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$23.4	$71.4
🏦 Mortgage Interest Rate for 20 Years	13.24%	9.41%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$1877	$6649
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1355	$5599
Transportation
🚌 Local transport ticket	$0.73	$4.52
🎟️ Monthly ticket local transport	$40.2	$75.8
🚕 Taxi Ride, 8 km or 5 mi	$11	$26.4
⛽ Gas / Petrol, 1 L or 0.26 gal	$1	$2.23
Groceries
🥛 Milk, 1 L or 1 qt	$1.26	$1.66
🍞 Bread, 0.5 kg or 1.1 lb	$1.29	$3.74
🍚 Rice, 1 kg or 2.2 lb	$1.12	$3.24
🥚 Eggs, x12	$2.25	$5.94
🧀 Cheese, 1 kg or 2.2 lb	$5.49	$15.8
🐔 Chicken Breast, 1 kg or 2.2 lb	$5.28	$20.9
🥩 Round Steak, 1 kg or 2.2 lb	$7.35	$37
🍏 Apples, 1 kg or 2.2 lb	$2.74	$2.94
🍌 Banana, 1 kg or 2.2 lb	$1.09	$2.25
🍊 Oranges, 1 kg or 2.2 lb	$1.34	$2.73
🍅 Tomato, 1 kg or 2.2 lb	$1.19	$4.73
🥔 Potato, 1 kg or 2.2 lb	$1.21	$3.26
🧅 Onion, 1 kg or 2.2 lb	$1.13	$2.11
🌊 Water, 1 L or 1 qt	$0.51	$1.36
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$1.72	$2.69
🍾 Wine (mid-priced), 750 mL bottle	$10.5	$21.6
🍺 Beer, 0.5 L or 16 fl oz	$1.09	$3.26
🚬 Cigarette pack	$2.58	$12.3
💊 Cold medicince, 1 week	$6.11	$10.4
🧴 Hair Shampoo	$4.27	$5.23
🧻 Toilet paper, 4 rolls	$1.89	$4.55
👄 Toothpaste, 1 tube	$1.62	$3.2
Other
🏋️ Gym Membership, 1 month	$24.1	$73.2
🎫 Cinema Ticket, 1 person	$4.62	$15.9
👩‍⚕️ Doctor's visit	$27.3	$82.2
💇 Haircut, simple	$7.95	$45.6
👖 Brand Jeans	$56.1	$128
👟 Brand Sneakers	$94.7	$162
👶 Daycare or Preschool, 1 month	$284	$279
🏫 International Primary School, 1 year	$8398	$2532

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Bogota

Distance	City	Cost of living
16 km or 10 mi	Soacha	$794
39 km or 24 mi	Facatativa	$674
46 km or 29 mi	Zipaquira	$709
72 km or 44 mi	Villavicencio	$497
88 km or 55 mi	Girardot	$493
127 km or 79 mi	Ibague	$529
130 km or 81 mi	Tunja	$563
165 km or 102 mi	Manizales	$653
166 km or 103 mi	Salento	$605
176 km or 109 mi	Sogamoso	$534
177 km or 110 mi	Duitama	$882
178 km or 110 mi	Armenia	$598
181 km or 113 mi	Pereira	$680
202 km or 126 mi	Yopal	$722
205 km or 127 mi	Cartago	$649
231 km or 144 mi	Neiva	$557
241 km or 150 mi	Envigado	$897
243 km or 151 mi	Tulua	$513
246 km or 153 mi	Medellin	$906
252 km or 157 mi	Bello	$839
274 km or 170 mi	Barrancabermeja	$1031
274 km or 170 mi	Palmira	$666
294 km or 182 mi	Floridablanca	$648
298 km or 185 mi	Bucaramanga	$657
301 km or 187 mi	Cali	$748
311 km or 193 mi	Quibdo	$705
338 km or 210 mi	Buenaventura	$742
371 km or 230 mi	Popayan	$477
375 km or 233 mi	Florencia	$410
392 km or 244 mi	Rubio	$599
399 km or 248 mi	San Antonio del Tachira	$601
405 km or 252 mi	Cucuta	$562
405 km or 252 mi	San Cristobal	$592
411 km or 255 mi	Tariba	$598
412 km or 256 mi	Ocana	$650
454 km or 282 mi	La Grita	$618
458 km or 285 mi	Arauca	$649
472 km or 293 mi	Guasdualito	$665
486 km or 302 mi	Turbo	$664
503 km or 312 mi	Monteria	$645

Cities near Reykjavik

Distance	City	Cost of living
6.8 km or 4.2 mi	Kopavogur	$2802
9.8 km or 6.1 mi	Hafnarfjorur	$2817
38 km or 24 mi	Keflavik	$2355
247 km or 153 mi	Akureyri	$2678
795 km or 494 mi	Torshavn	$1828
1204 km or 748 mi	Inverness	$1722
1230 km or 764 mi	Elgin	$1393
1300 km or 808 mi	Derry	$1390
1309 km or 813 mi	Greenock	$1601
1321 km or 821 mi	Aberdeen	$1614
1325 km or 823 mi	Perth	$1500
1328 km or 825 mi	Stirling	$1604
1331 km or 827 mi	Paisley	$1765
1333 km or 828 mi	Alloa	$1649
1337 km or 831 mi	Glasgow	$2011
1339 km or 832 mi	Dundee	$1482
1340 km or 833 mi	Omagh	$1562
1341 km or 833 mi	Cumbernauld	$1475
1342 km or 834 mi	Irvine	$1551
1348 km or 838 mi	East Kilbride	$1763
1349 km or 838 mi	Kilmarnock	$1480
1351 km or 839 mi	Dunfermline	$1692
1353 km or 841 mi	Hamilton	$1699
1357 km or 843 mi	Ayr	$1404
1360 km or 845 mi	Kirkcaldy	$1610
1365 km or 848 mi	Livingston	$1608
1372 km or 852 mi	Edinburgh	$2140
1382 km or 859 mi	Newtownabbey	$1692
1387 km or 862 mi	Belfast	$1755
1390 km or 864 mi	Bangor	$1382
1391 km or 864 mi	Lisburn	$1713
1401 km or 871 mi	Alesund	$1603
1413 km or 878 mi	Galway	$2297
1425 km or 886 mi	Dundalk	$1767
1431 km or 889 mi	Dumfries	$1246
1433 km or 891 mi	Nuuk	$2031
1441 km or 895 mi	Molde	$1813
1454 km or 903 mi	Kristiansund	$1700
1455 km or 904 mi	Drogheda	$2628
1455 km or 904 mi	Bergen	$2006