Last update: Oct 2026

Cost of Living Comparison Between Medellin and Summit, NJ

For one person, living is cheaper in Medellin: $1,589 a month against $3,842 in Summit, NJ, rent and utilities included – about $27,000 less a year. Rent and utilities account for most of the difference.

77

Cost of Living Index in Medellin
Learn more

Medellin Living Index
189

Cost of Living Index in Summit, NJ
Learn more

Summit, NJ Living Index

Jump to prices

Medellin

🇨🇴 Colombia

$1,589

/mo nomad

Summit, NJ

🇺🇸 United States

$3,842

/mo nomad

Monthly Cost of Living

How much you'll spend in Medellin and in Summit, NJ

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Medellin and in Summit, NJ actually costs, broken down by who's living it.

A single person spends $1,589 per month in Medellin vs $3,842 in Summit, NJ, rent included.

Medellin $1,589
Summit, NJ $3,842

A couple spends around $2,364 per month in Medellin vs $5,955 in Summit, NJ, rent included.

Medellin $2,364
Summit, NJ $5,955

A family of three spends $3,139 per month in Medellin vs $8,069 in Summit, NJ, rent included.

Medellin $3,139
Summit, NJ $8,069

Medellin is about 59% cheaper than Summit, NJ, and outside of rent the biggest gap is in eating out.

Both Medellin and Summit, NJ sit above the global median – Medellin by 19%, Summit, NJ by 187%.

Meal at Budget Restaurant

$8.01 COP 25.5K

$24.62 $24.62

-67.47%

Three-Course Dinner for Two, Mid-Range

$46.55 COP 148.4K

$100 $100

-53.65%

Fast Food Meal (McDonalds, etc)

$9.43 COP 30.1K

$11.09 $11.09

-14.97%

Cappuccino

$2.91 COP 9,280

$5.41 $5.41

-46.21%

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

$1.75 COP 5,586

$2.24 $2.24

-21.88%

Water (0.33 liter bottle)

$1.32 COP 4,220

$1.47 $1.47

-10.20%

Local Beer (0.5 liter draught)

$3.13 COP 9,972

$8.07 $8.07

-61.21%

Imported Beer (0.33 liter bottle)

$5.55 COP 17.7K

$7.83 $7.83

-29.12%

Milk (1 liter)

$1.41 COP 4,496

$1.27 $1.27

11.02%

White Bread (500g)

$2.44 COP 7,779

$4.27 $4.27

-42.86%

Rice (white) (1kg)

$1.63 COP 5,192

$6.08 $6.08

-73.19%

Eggs

$2.82 COP 8,993

$5.90 $5.90

-52.20%

Local Cheese (1kg)

$9.69 COP 30.9K

$13.92 $13.92

-30.39%

Chicken Fillets (1kg)

$9.32 COP 29.7K

$10.46 $10.46

-10.90%

Beef Round Steak (1kg)

$13.46 COP 42.9K

$17.59 $17.59

-23.48%

Apples (1kg)

$4.00 COP 12.8K

$6.11 $6.11

-34.53%

Banana (1kg)

$1.48 COP 4,720

$1.71 $1.71

-13.45%

Oranges (1kg)

$2.12 COP 6,770

$4.16 $4.16

-49.04%

Tomato (1kg)

$2.25 COP 7,180

$5.21 $5.21

-56.81%

Potato (1kg)

$1.91 COP 6,093

$3.08 $3.08

-37.99%

Onion (1kg)

$1.62 COP 5,162

$3.66 $3.66

-55.74%

Lettuce (1 head)

$1.15 COP 3,659

$3.07 $3.07

-62.54%

Water (1.5 liter bottle)

$1.26 COP 4,022

$2.92 $2.92

-56.85%

Cigarettes 20 Pack (Marlboro, Camel)

$3.82 COP 12.2K

$11.28 $11.28

-66.13%

Wine (Bottle)

$13.11 COP 41.8K

$19.83 $19.83

-33.89%

Local Beer (0.5 liter bottle)

$1.60 COP 5,084

$1.78 $1.78

-10.11%

Imported Beer (0.33 liter bottle)

$2.26 COP 7,190

$5.30 $5.30

-57.36%

One-way Ticket (Public Transport)

$1.17 COP 3,732

Public Transport Monthly Pass (Regular Price)

$75.0 COP 239.1K

Taxi Start (Normal Tariff)

$1.27 COP 4,057

$3.03 $3.03

-58.09%

Taxi (Normal Tariff) (1km)

$2.05 COP 6,533

$2.09 $2.09

-1.91%

Taxi 1hour Waiting (Normal Tariff)

$8.20 COP 26.1K

$24.22 $24.22

-66.14%

Gasoline (1 liter)

$1.27 COP 4,047

$1.12 $1.12

13.39%

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

$26.8K COP 85.3M

$35.2K $35.2K

-23.84%

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

$34.4K COP 109.7M

$25.2K $25.2K

36.69%

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

$162 COP 517.0K

$213 $213

-24.01%

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

$13.12 COP 41.8K

$61.2 $61.2

-78.56%

Internet (50+ Mbps, Unlimited Data)

$28.09 COP 89.5K

$50.7 $50.7

-44.64%

Gym Membership (Monthly)

$44.33 COP 141.3K

$80.2 $80.2

-44.74%

Tennis Court (1 Hour on Weekend)

$16.33 COP 52.1K

Cinema Ticket

$6.09 COP 19.4K

$14.75 $14.75

-58.71%

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

$764 COP 2.4M

$2,015 $2,015

-62.07%

International Primary School, 1 Child (Yearly)

$8,904 COP 28.4M

$16.2K $16.2K

-45.14%

Jeans (Levis 501 Or Similar)

$85.0 COP 270.8K

$41.66 $41.66

103.96%

Summer Dress (H&M, Zara, etc)

$57.5 COP 183.2K

$57.6 $57.6

-0.23%

Sport Shoes (Adidas, Nike)

$132 COP 420.0K

$74.8 $74.8

76.27%

Men's Leather Business Shoes

$95.8 COP 305.2K

$119 $119

-19.50%

1-bedroom Apartment, City Center (Monthly)

$1,028 COP 3.3M

$2,697 $2,697

-61.87%

1-bedroom Apartment, Outside City Center (Monthly)

$604 COP 1.9M

$2,457 $2,457

-75.40%

3-bedroom Apartment, City Center (Monthly)

$1,802 COP 5.7M

$5,556 $5,556

-67.57%

3-bedroom Apartment, Outside City Center (Monthly)

$993 COP 3.2M

$5,055 $5,055

-80.37%

Buy Apartment in City Center (m2)

$3,921 COP 12.5M

Buy Apartment Outside City Center (m2)

$1,639 COP 5.2M

Average Monthly Net Salary (After Tax)

$626 COP 2.0M

20-Year Fixed Mortgage Interest Rate (Annual %)

10.94

6.75

62.07%

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

Last update for Medellin: October 6, 2026

Last update for Summit, NJ: October 5, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Medellin

$604 38.3%

Summit, NJ

$2.5K 63.7% 307% $1.9K

Groceries & Markets

Medellin

$288 18.3%

Summit, NJ

$457 11.8% 58.3% $168

Monthly Utilities & Internet

Medellin

$203 12.9%

Summit, NJ

$325 8.4% 59.9% $122

Clothing & Footwear

Medellin

$166 10.6%

Summit, NJ

$132 3.4% 20.8% $35

Eating Out

Medellin

$166 10.6%

Summit, NJ

$366 9.5% 120% $200

Getting Around

Medellin

$91 5.8%

Summit, NJ

$13 * 0.4% 85.2% $78

Sport & Entertainment

Medellin

$57 3.6%

Summit, NJ

$110 2.8% 94.2% $53

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $1,028 in Medellin versus $2,697 in Summit, NJ. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $47.00 in Medellin versus $100 in Summit, NJ. Monthly groceries follow the same trend: $288 vs $457 – making Medellin the more affordable choice for daily food spending.

Good to know

🇨🇴 Medellin

🇺🇸 Summit, NJ

🕒 Local time

04:49 4:49 AM

05:49 5:49 AM

1 h ahead of Medellin

🌤 Weather

👥 Population

2,486,723

11,161

💱 Currency

Colombian Peso COP $

United States Dollar USD $

📈 Exchange rate

10,000 COP = 3.14 USD

10,000 COP = 2.8 EUR

1 USD = 0.892 EUR

Exchange rates and currency converter

USD, EUR to COP – Colombian Peso Converter

🇺🇸 United States Dollar ($)

🇨🇴 Colombian Peso ($)

Colombian Peso exchange rates as of October 12, 2026: 1 USD = 3,187 COP (10,000 COP = 3.14 USD). 1 EUR = 3,572 COP (10,000 COP = 2.8 EUR).

United States Dollar exchange rates as of October 12, 2026: 1 EUR = 1.12 USD (1 USD = 0.892 EUR).

USD to COP in detail →

On the map

Lowest

Highest

Between locations

Medellin Summit, NJ 3,830 km ≈ 5 h nonstop flight

From you

Medellin
Summit, NJ

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

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

Digital Nomad Cost of Living Index

Medellin vs Summit, NJ: Cost of Living - Frequently Asked Questions

Yes – Summit, NJ is pricier by about 142%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $2,384 per month in Medellin and $5,762 in Summit, NJ. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Medellin, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $47.00 in Medellin and $100 in Summit, NJ. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 58% more in Summit, NJ, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $1,500 monthly budget goes further in Medellin, where all-in costs run around $1,589, than in Summit, NJ at $3,842. In Medellin it covers expenses comfortably, while in Summit, NJ it requires careful planning or may not stretch far enough.

Families tend to lean toward Medellin – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Medellin. If higher salaries, better infrastructure, or specific career opportunities are the priority, Summit, NJ makes more sense. Both are solid long-term options with distinct trade-offs.