Last update: Nov 2026

Cost of Living Comparison Between Njardvik and Medellin

For one person, living is cheaper in Medellin: $1,692 a month against $3,133 in Njardvik, rent and utilities included – about $17,300 less a year. Rent and utilities account for about half of the difference.

151

Cost of Living Index in Njardvik
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Njardvik Living Index
80

Cost of Living Index in Medellin
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Medellin Living Index

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Njardvik

🇮🇸 Iceland

$3,133

/mo nomad

Medellin

🇨🇴 Colombia

$1,692

/mo nomad

Monthly Cost of Living

How much you'll spend in Njardvik and in Medellin

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

A single person spends $3,133 per month in Njardvik vs $1,692 in Medellin, rent included.

Njardvik $3,133
Medellin $1,692

A couple spends around $4,864 per month in Njardvik vs $2,471 in Medellin, rent included.

Njardvik $4,864
Medellin $2,471

A family of three spends $6,596 per month in Njardvik vs $3,249 in Medellin, rent included.

Njardvik $6,596
Medellin $3,249

Njardvik costs about 85% more than Medellin, and outside of rent the biggest gap is in groceries.

Both Njardvik and Medellin sit above the global median – Njardvik by 132%, Medellin by 25%.

Meal at Budget Restaurant

$24.20 ISK 2,940

$8.34 COP 27.0K

190.17%

Three-Course Dinner for Two, Mid-Range

$98.4 ISK 12.0K

$46.53 COP 150.9K

111.41%

Fast Food Meal (McDonalds, etc)

$16.27 ISK 1,977

$9.47 COP 30.7K

71.81%

Cappuccino

$6.46 ISK 784

$3.13 COP 10.2K

106.39%

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

$1.61 ISK 195

$1.77 COP 5,727

-9.04%

Water (0.33 liter bottle)

$2.41 ISK 292

$1.42 COP 4,619

69.72%

Local Beer (0.5 liter draught)

$10.53 ISK 1,280

$3.15 COP 10.2K

234.29%

Imported Beer (0.33 liter bottle)

$12.43 ISK 1,510

$5.70 COP 18.5K

118.07%

Milk (1 liter)

$2.12 ISK 258

$1.53 COP 4,969

38.56%

White Bread (500g)

$4.24 ISK 515

$2.29 COP 7,429

85.15%

Rice (white) (1kg)

$3.64 ISK 443

$1.94 COP 6,306

87.63%

Eggs

$7.20 ISK 875

$3.07 COP 9,942

134.53%

Local Cheese (1kg)

$21.85 ISK 2,655

$9.99 COP 32.4K

118.72%

Chicken Fillets (1kg)

$24.79 ISK 3,012

$10.45 COP 33.9K

137.22%

Beef Round Steak (1kg)

$41.37 ISK 5,027

$13.96 COP 45.3K

196.35%

Apples (1kg)

$3.40 ISK 413

$4.05 COP 13.1K

-16.05%

Banana (1kg)

$2.85 ISK 347

$1.53 COP 4,956

86.27%

Oranges (1kg)

$3.13 ISK 381

$2.10 COP 6,823

49.05%

Tomato (1kg)

$6.54 ISK 795

$2.29 COP 7,437

185.59%

Potato (1kg)

$3.95 ISK 480

$2.11 COP 6,839

87.20%

Onion (1kg)

$1.68 ISK 205

$1.71 COP 5,542

-1.75%

Lettuce (1 head)

$3.75 ISK 456

$1.17 COP 3,794

220.51%

Water (1.5 liter bottle)

$1.84 ISK 224

$1.58 COP 5,123

16.46%

Cigarettes 20 Pack (Marlboro, Camel)

$13.70 ISK 1,665

$3.91 COP 12.7K

250.38%

Wine (Bottle)

$23.83 ISK 2,896

$14.04 COP 45.5K

69.73%

Local Beer (0.5 liter bottle)

$3.61 ISK 439

$1.76 COP 5,712

105.11%

Imported Beer (0.33 liter bottle)

$3.35 ISK 407

$2.71 COP 8,793

23.62%

One-way Ticket (Public Transport)

$1.18 COP 3,825

Public Transport Monthly Pass (Regular Price)

$76.3 COP 247.4K

Taxi Start (Normal Tariff)

$6.57 ISK 799

$1.81 COP 5,859

262.98%

Taxi (Normal Tariff) (1km)

$2.87 ISK 349

$2.13 COP 6,904

34.74%

Taxi 1hour Waiting (Normal Tariff)

$81.0 ISK 9,846

$8.13 COP 26.4K

896.80%

Gasoline (1 liter)

$2.05 ISK 249

$1.28 COP 4,135

60.16%

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

$67.8K ISK 8.2M

$34.4K COP 111.7M

96.76%

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

$56.3K ISK 6.8M

$34.1K COP 110.7M

64.86%

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

$96.1 ISK 11.7K

$178 COP 576.3K

-45.93%

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

$32.14 ISK 3,905

$13.89 COP 45.0K

131.39%

Internet (50+ Mbps, Unlimited Data)

$85.4 ISK 10.4K

$30.74 COP 99.7K

177.68%

Gym Membership (Monthly)

$80.6 ISK 9,793

$41.94 COP 136.0K

92.18%

Tennis Court (1 Hour on Weekend)

$16.80 COP 54.5K

Cinema Ticket

$19.99 ISK 2,429

$7.47 COP 24.2K

167.60%

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

$1,198 ISK 145.5K

$790 COP 2.6M

51.57%

International Primary School, 1 Child (Yearly)

$26.0K ISK 3.2M

$12.3K COP 39.9M

111.64%

Jeans (Levis 501 Or Similar)

$122 ISK 14.8K

$86.3 COP 279.9K

40.84%

Summer Dress (H&M, Zara, etc)

$66.7 ISK 8,106

$59.3 COP 192.2K

12.59%

Sport Shoes (Adidas, Nike)

$183 ISK 22.2K

$138 COP 448.6K

32.28%

Men's Leather Business Shoes

$247 ISK 30.0K

$98.8 COP 320.4K

149.94%

1-bedroom Apartment, City Center (Monthly)

$1,341 COP 4.3M

1-bedroom Apartment, Outside City Center (Monthly)

$1,462 ISK 177.6K

$667 COP 2.2M

119.11%

3-bedroom Apartment, City Center (Monthly)

$1,976 COP 6.4M

3-bedroom Apartment, Outside City Center (Monthly)

$2,674 ISK 324.9K

$1,033 COP 3.3M

158.93%

Buy Apartment in City Center (m2)

$4,098 COP 13.3M

Buy Apartment Outside City Center (m2)

$1,940 COP 6.3M

Average Monthly Net Salary (After Tax)

$4,080 ISK 495.7K

$646 COP 2.1M

531.40%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

10.94

-19.47%

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

Last update for Njardvik: November 1, 2026

Last update for Medellin: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Njardvik

$1.5K 46.7%

Medellin

$667 39.4% 54.4% $795

Groceries & Markets

Njardvik

$625 19.9%

Medellin

$307 18.2% 50.8% $317

Eating Out

Njardvik

$413 13.2%

Medellin

$173 10.2% 58.3% $241

Clothing & Footwear

Njardvik

$278 8.9%

Medellin

$172 10.2% 38.1% $106

Monthly Utilities & Internet

Njardvik

$214 6.8%

Medellin

$222 13.1% 4.1% $8.8

Sport & Entertainment

Njardvik

$121 3.9%

Medellin

$57 3.4% 52.8% $64

Getting Around

Njardvik

$21 * 0.7%

Medellin

$93 5.5% 346% $73

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

Cost Breakdown

Salaries in Njardvik are about 6.3 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $98 in Njardvik versus $47 in Medellin. Monthly groceries follow the same trend: $625 vs $307 – making Medellin the more affordable choice for daily food spending.

Good to know

🇮🇸 Njardvik

🇨🇴 Medellin

🕒 Local time

23:55 11:55 PM

18:55 6:55 PM

5 h behind Njardvik

🌤 Weather

👥 Population

6,000

2,486,723

💱 Currency

Icelandic Króna ISK kr

Colombian Peso COP $

📈 Exchange rate

1,000 ISK = 8.23 USD

1,000 ISK = 7.31 EUR

10,000 COP = 3.08 USD

10,000 COP = 2.74 EUR

Exchange rates and currency converter

COP, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of November 4, 2026: 1 USD = 122 ISK (1,000 ISK = 8.23 USD). 1 EUR = 137 ISK (1,000 ISK = 7.31 EUR).

Colombian Peso exchange rates as of November 4, 2026: 1 USD = 3,242 COP (10,000 COP = 3.08 USD). 1 EUR = 3,650 COP (10,000 COP = 2.74 EUR).

USD to ISK in detail →

On the map

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Between locations

Njardvik Medellin 7,660 km ≈ 10 h nonstop flight

From you

Njardvik
Medellin

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

Njardvik vs Medellin: Cost of Living - Frequently Asked Questions

Yes – Njardvik is pricier by about 85%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $4,700 per month in Njardvik and $2,538 in Medellin. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

A mid-range dinner for two costs $98 in Njardvik and $47 in Medellin. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 103% more in Njardvik, though the gap depends on what you buy.

A $2,500 monthly budget goes further in Medellin, where all-in costs run around $1,692, than in Njardvik at $3,133. In Medellin it covers expenses comfortably, while in Njardvik it requires careful planning or may not stretch far enough.

It depends on your priorities. Medellin has an edge in some lifestyle areas, with costs from $1,692 in Medellin to $3,133 in Njardvik. Climate, culture, job market, and personal taste all factor in.

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