Cost of Living Comparison Between Medellin and Njardvik Cost of Living Comparison Between Medellin and Njardvik

🙂 Solo nomad: Medellin is 61.9% cheaper than Njardvik without rent, and 66.2% cheaper with rent.

🙂 Family of 3: Medellin is 66.8% cheaper than Njardvik without rent, and 65.4% cheaper with rent.

Meal at Budget Restaurant

$5.97 COP 21.9K

$24.36 ISK 3,069

-75.49%

Three-Course Dinner for Two, Mid-Range

$32.40 COP 119.0K

$98.1 ISK 12.4K

-66.98%

Fast Food Meal (McDonalds, etc)

$7.13 COP 26.2K

$16.36 ISK 2,061

-56.42%

Cappuccino

$1.65 COP 6,043

$6.27 ISK 790

-73.68%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$1.06 COP 3,882

$1.66 ISK 209

-36.14%

Water (0.33 liter bottle)

$0.77 COP 2,839

$2.44 ISK 308

-68.44%

Local Beer (0.5 liter draught)

$1.75 COP 6,418

$10.57 ISK 1,332

-83.44%

Imported Beer (0.33 liter bottle)

$3.06 COP 11.2K

$11.47 ISK 1,445

-73.32%

Milk (1 liter)

$1.10 COP 4,026

$1.95 ISK 245

-43.59%

White Bread (500g)

$1.30 COP 4,771

$4.19 ISK 527

-68.97%

Rice (white) (1kg)

$1.34 COP 4,905

$3.71 ISK 468

-63.88%

Eggs

$2.26 COP 8,299

$6.28 ISK 791

-64.01%

Local Cheese (1kg)

$4.50 COP 16.5K

$17.87 ISK 2,251

-74.82%

Chicken Fillets (1kg)

$5.80 COP 21.3K

$24.11 ISK 3,037

-75.94%

Beef Round Steak (1kg)

$8.96 COP 32.9K

$42.03 ISK 5,295

-78.68%

Apples (1kg)

$2.37 COP 8,691

$3.34 ISK 420

-29.04%

Banana (1kg)

$1.07 COP 3,939

$2.52 ISK 317

-57.54%

Oranges (1kg)

$1.48 COP 5,418

$3.13 ISK 394

-52.72%

Tomato (1kg)

$1.36 COP 5,011

$5.03 ISK 634

-72.96%

Potato (1kg)

$1.13 COP 4,135

$3.56 ISK 448

-68.26%

Onion (1kg)

$1.13 COP 4,161

$2.35 ISK 296

-51.91%

Lettuce (1 head)

$0.89 COP 3,274

$3.20 ISK 403

-72.19%

Water (1.5 liter bottle)

$0.85 COP 3,114

$1.95 ISK 246

-56.41%

Cigarettes 20 Pack (Marlboro, Camel)

$2.28 COP 8,361

$13.44 ISK 1,693

-83.04%

Wine (Bottle)

$10.15 COP 37.3K

$23.76 ISK 2,993

-57.28%

Local Beer (0.5 liter bottle)

$1.19 COP 4,359

$3.55 ISK 447

-66.48%

Imported Beer (0.33 liter bottle)

$2.40 COP 8,828

$3.36 ISK 424

-28.57%

One-way Ticket (Public Transport)

$0.84 COP 3,074

Public Transport Monthly Pass (Regular Price)

$40.85 COP 150.0K

Taxi Start (Normal Tariff)

$1.48 COP 5,417

$6.47 ISK 815

-77.13%

Taxi (Normal Tariff) (1km)

$1.89 COP 6,949

$2.52 ISK 318

-25.00%

Taxi 1hour Waiting (Normal Tariff)

$8.05 COP 29.5K

$84.4 ISK 10.6K

-90.47%

Gasoline (1 liter)

$0.94 COP 3,455

$2.54 ISK 320

-62.99%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$17.7K COP 65.1M

$48.1K ISK 6.1M

-63.12%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$26.4K COP 96.8M

$53.1K ISK 6.7M

-50.33%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$81.9 COP 300.7K

$88.8 ISK 11.2K

-7.75%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$9.54 COP 35.0K

$27.78 ISK 3,499

-65.66%

Internet (50+ Mbps, Unlimited Data)

$23.68 COP 87.0K

$83.8 ISK 10.6K

-71.73%

Gym Membership (Monthly)

$25.85 COP 94.9K

$79.4 ISK 10.0K

-67.46%

Tennis Court (1 Hour on Weekend)

$18.72 COP 68.7K

Cinema Ticket

$4.05 COP 14.9K

$17.68 ISK 2,227

-77.09%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$316 COP 1.2M

$322 ISK 40.5K

-1.86%

International Primary School, 1 Child (Yearly)

$5,971 COP 21.9M

$29.7K ISK 3.7M

-79.88%

Jeans (Levis 501 Or Similar)

$59.0 COP 216.4K

$120 ISK 15.1K

-50.92%

Summer Dress (H&M, Zara, etc)

$32.49 COP 119.3K

$62.3 ISK 7,842

-47.81%

Sport Shoes (Adidas, Nike)

$99.9 COP 366.7K

$183 ISK 23.1K

-45.44%

Men's Leather Business Shoes

$108 COP 394.9K

$269 ISK 33.9K

-60.06%

1-bedroom Apartment, City Center (Monthly)

$491 COP 1.8M

1-bedroom Apartment, Outside City Center (Monthly)

$371 COP 1.4M

$1,470 ISK 185.2K

-74.75%

3-bedroom Apartment, City Center (Monthly)

$821 COP 3.0M

3-bedroom Apartment, Outside City Center (Monthly)

$731 COP 2.7M

$2,611 ISK 329.0K

-72.00%

Buy Apartment in City Center (m2)

$3,019 COP 11.1M

Buy Apartment Outside City Center (m2)

$1,332 COP 4.9M

Average Monthly Net Salary (After Tax)

$517 COP 1.9M

$3,882 ISK 489.0K

-86.68%

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

9.63

39.46%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Medellin: January 12, 2026

Last update for Njardvik: January 10, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

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