Last update: Oct 2026

Cost of Living Comparison Between Summit, NJ and Medellin

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.

189

Cost of Living Index in Summit, NJ
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Summit, NJ Living Index
77

Cost of Living Index in Medellin
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Medellin Living Index

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Summit, NJ

🇺🇸 United States

$3,842

/mo nomad

Medellin

🇨🇴 Colombia

$1,589

/mo nomad

Monthly Cost of Living

How much you'll spend in Summit, NJ 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 Summit, NJ and in Medellin actually costs, broken down by who's living it.

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

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

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

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

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

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

Summit, NJ costs about 142% more than Medellin, and outside of rent the biggest gap is in eating out.

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

Meal at Budget Restaurant

$24.62 $24.62

$8.01 COP 25.6K

207.37%

Three-Course Dinner for Two, Mid-Range

$100 $100

$46.55 COP 148.7K

115.77%

Fast Food Meal (McDonalds, etc)

$11.09 $11.09

$9.43 COP 30.1K

17.60%

Cappuccino

$5.41 $5.41

$2.91 COP 9,300

85.91%

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

$2.24 $2.24

$1.75 COP 5,599

28.00%

Water (0.33 liter bottle)

$1.47 $1.47

$1.32 COP 4,229

11.36%

Local Beer (0.5 liter draught)

$8.07 $8.07

$3.13 COP 9,993

157.83%

Imported Beer (0.33 liter bottle)

$7.83 $7.83

$5.55 COP 17.7K

41.08%

Milk (1 liter)

$1.27 $1.27

$1.41 COP 4,506

-9.93%

White Bread (500g)

$4.27 $4.27

$2.44 COP 7,796

75.00%

Rice (white) (1kg)

$6.08 $6.08

$1.63 COP 5,204

273.01%

Eggs

$5.90 $5.90

$2.82 COP 9,012

109.22%

Local Cheese (1kg)

$13.92 $13.92

$9.69 COP 31.0K

43.65%

Chicken Fillets (1kg)

$10.46 $10.46

$9.32 COP 29.8K

12.23%

Beef Round Steak (1kg)

$17.59 $17.59

$13.46 COP 43.0K

30.68%

Apples (1kg)

$6.11 $6.11

$4.00 COP 12.8K

52.75%

Banana (1kg)

$1.71 $1.71

$1.48 COP 4,730

15.54%

Oranges (1kg)

$4.16 $4.16

$2.12 COP 6,785

96.23%

Tomato (1kg)

$5.21 $5.21

$2.25 COP 7,196

131.56%

Potato (1kg)

$3.08 $3.08

$1.91 COP 6,107

61.26%

Onion (1kg)

$3.66 $3.66

$1.62 COP 5,173

125.93%

Lettuce (1 head)

$3.07 $3.07

$1.15 COP 3,667

166.96%

Water (1.5 liter bottle)

$2.92 $2.92

$1.26 COP 4,031

131.75%

Cigarettes 20 Pack (Marlboro, Camel)

$11.28 $11.28

$3.82 COP 12.2K

195.29%

Wine (Bottle)

$19.83 $19.83

$13.11 COP 41.9K

51.26%

Local Beer (0.5 liter bottle)

$1.78 $1.78

$1.60 COP 5,096

11.25%

Imported Beer (0.33 liter bottle)

$5.30 $5.30

$2.26 COP 7,206

134.51%

One-way Ticket (Public Transport)

$1.17 COP 3,740

Public Transport Monthly Pass (Regular Price)

$75.0 COP 239.6K

Taxi Start (Normal Tariff)

$3.03 $3.03

$1.27 COP 4,066

138.58%

Taxi (Normal Tariff) (1km)

$2.09 $2.09

$2.05 COP 6,548

1.95%

Taxi 1hour Waiting (Normal Tariff)

$24.22 $24.22

$8.20 COP 26.2K

195.37%

Gasoline (1 liter)

$1.12 $1.12

$1.27 COP 4,056

-11.81%

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

$35.2K $35.2K

$26.8K COP 85.5M

31.30%

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

$25.2K $25.2K

$34.4K COP 109.9M

-26.84%

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

$213 $213

$162 COP 518.2K

31.60%

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

$61.2 $61.2

$13.12 COP 41.9K

366.31%

Internet (50+ Mbps, Unlimited Data)

$50.7 $50.7

$28.09 COP 89.7K

80.63%

Gym Membership (Monthly)

$80.2 $80.2

$44.33 COP 141.6K

80.96%

Tennis Court (1 Hour on Weekend)

$16.33 COP 52.2K

Cinema Ticket

$14.75 $14.75

$6.09 COP 19.4K

142.20%

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

$2,015 $2,015

$764 COP 2.4M

163.62%

International Primary School, 1 Child (Yearly)

$16.2K $16.2K

$8,904 COP 28.4M

82.28%

Jeans (Levis 501 Or Similar)

$41.66 $41.66

$85.0 COP 271.4K

-50.97%

Summer Dress (H&M, Zara, etc)

$57.6 $57.6

$57.5 COP 183.6K

0.23%

Sport Shoes (Adidas, Nike)

$74.8 $74.8

$132 COP 420.9K

-43.27%

Men's Leather Business Shoes

$119 $119

$95.8 COP 305.9K

24.22%

1-bedroom Apartment, City Center (Monthly)

$2,697 $2,697

$1,028 COP 3.3M

162.27%

1-bedroom Apartment, Outside City Center (Monthly)

$2,457 $2,457

$604 COP 1.9M

306.55%

3-bedroom Apartment, City Center (Monthly)

$5,556 $5,556

$1,802 COP 5.8M

208.35%

3-bedroom Apartment, Outside City Center (Monthly)

$5,055 $5,055

$993 COP 3.2M

409.36%

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 %)

6.75

10.94

-38.30%

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

Last update for Summit, NJ: October 5, 2026

Last update for Medellin: October 6, 2026

Monthly budget structure

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

Accommodation & Living

Summit, NJ

$2.5K 63.7%

Medellin

$604 38.3% 75.4% $1.9K

Groceries & Markets

Summit, NJ

$457 11.8%

Medellin

$288 18.3% 36.8% $168

Eating Out

Summit, NJ

$366 9.5%

Medellin

$166 10.6% 54.6% $200

Monthly Utilities & Internet

Summit, NJ

$325 8.4%

Medellin

$203 12.9% 37.5% $122

Clothing & Footwear

Summit, NJ

$132 3.4%

Medellin

$166 10.6% 26.3% $35

Sport & Entertainment

Summit, NJ

$110 2.8%

Medellin

$57 3.6% 48.5% $53

Getting Around

Summit, NJ

$13 * 0.4%

Medellin

$91 5.8% 576% $78

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

Cost Breakdown

A central one-bedroom costs $2,697 in Summit, NJ versus $1,028 in Medellin. 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 $100 in Summit, NJ versus $47.00 in Medellin. Monthly groceries follow the same trend: $457 vs $288 – making Medellin the more affordable choice for daily food spending.

Good to know

🇺🇸 Summit, NJ

🇨🇴 Medellin

🕒 Local time

05:03 5:03 AM

04:03 4:03 AM

1 h behind Summit, NJ

🌤 Weather

👥 Population

11,161

2,486,723

💱 Currency

United States Dollar USD $

Colombian Peso COP $

📈 Exchange rate

1 USD = 0.896 EUR

10,000 COP = 3.13 USD

10,000 COP = 2.8 EUR

Exchange rates and currency converter

COP, EUR to USD – United States Dollar Converter

🇨🇴 Colombian Peso ($)

🇺🇸 United States Dollar ($)

United States Dollar exchange rates as of October 13, 2026: 1 EUR = 1.12 USD (1 USD = 0.896 EUR).

Colombian Peso exchange rates as of October 13, 2026: 1 USD = 3,194 COP (10,000 COP = 3.13 USD). 1 EUR = 3,566 COP (10,000 COP = 2.8 EUR).

COP to USD in detail →

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Between locations

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

From you

Summit, NJ
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

Summit, NJ vs Medellin: 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 $5,762 per month in Summit, NJ and $2,384 in Medellin. 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 $100 in Summit, NJ and $47.00 in Medellin. 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.