Cost of Living Comparison Between Bakkafjordur and Playa del Carmen Cost of Living Comparison Between Bakkafjordur and Playa del Carmen

Monthly Cost of Living

A single person spends $252 per month in Bakkafjordur vs $1,287 in Playa del Carmen, rent included.

A couple spends around $430 per month in Bakkafjordur vs $2,184 in Playa del Carmen, rent included.

A family of three spends $608 per month in Bakkafjordur vs $3,082 in Playa del Carmen, rent included.

Bakkafjordur is about 80% cheaper than Playa del Carmen, driven mainly by Eating Out.

Both Bakkafjordur and Playa del Carmen are more affordable than the global median – Bakkafjordur 81% lower, Playa del Carmen 4% lower.

Meal at Budget Restaurant

$11.94 MX$208

Three-Course Dinner for Two, Mid-Range

$42.75 MX$744

Fast Food Meal (McDonalds, etc)

$10.59 MX$184

Cappuccino

$3.62 MX$63.0

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

$1.47 MX$25.54

Water (0.33 liter bottle)

$0.94 MX$16.41

Local Beer (0.5 liter draught)

$3.09 MX$53.8

Imported Beer (0.33 liter bottle)

$4.46 MX$77.6

Milk (1 liter)

$1.43 MX$24.80

White Bread (500g)

$2.16 ISK 264

$1.88 MX$32.79

14.89%

Rice (white) (1kg)

$2.21 ISK 271

$1.63 MX$28.34

35.58%

Eggs

$4.87 ISK 596

$2.64 MX$45.99

84.47%

Local Cheese (1kg)

$9.00 ISK 1,102

$8.21 MX$143

9.62%

Chicken Fillets (1kg)

$10.93 ISK 1,339

$8.29 MX$144

31.85%

Beef Round Steak (1kg)

$11.04 ISK 1,352

$11.10 MX$193

-0.54%

Apples (1kg)

$2.17 ISK 266

$2.65 MX$46.14

-18.11%

Banana (1kg)

$2.16 ISK 264

$1.50 MX$26.11

44.00%

Oranges (1kg)

$2.23 ISK 273

$1.99 MX$34.59

12.06%

Tomato (1kg)

$2.22 ISK 272

$2.08 MX$36.13

6.73%

Potato (1kg)

$2.17 ISK 266

$1.79 MX$31.11

21.23%

Onion (1kg)

$2.16 ISK 265

$2.18 MX$37.87

-0.92%

Lettuce (1 head)

$0.98 ISK 120

$1.08 MX$18.73

-9.26%

Water (1.5 liter bottle)

$2.02 ISK 248

$1.04 MX$18.04

94.23%

Cigarettes 20 Pack (Marlboro, Camel)

$3.97 MX$69.1

Wine (Bottle)

$10.20 MX$178

Local Beer (0.5 liter bottle)

$1.73 MX$30.04

Imported Beer (0.33 liter bottle)

$2.50 MX$43.46

One-way Ticket (Public Transport)

$0.52 MX$9.02

Public Transport Monthly Pass (Regular Price)

$26.97 MX$469

Taxi Start (Normal Tariff)

$3.14 MX$54.7

Taxi (Normal Tariff) (1km)

$2.40 MX$41.80

Taxi 1hour Waiting (Normal Tariff)

$3.09 MX$53.7

Gasoline (1 liter)

$1.27 MX$22.16

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

$30.9K MX$537.3K

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

$23.3K MX$405.7K

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

$82.0 MX$1,427

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

$22.45 MX$391

Internet (50+ Mbps, Unlimited Data)

$29.66 MX$516

Gym Membership (Monthly)

$51.9 MX$903

Tennis Court (1 Hour on Weekend)

$18.67 MX$325

Cinema Ticket

$4.97 MX$86.5

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

$198 MX$3,442

International Primary School, 1 Child (Yearly)

$5,273 MX$91.7K

Jeans (Levis 501 Or Similar)

$36.34 MX$632

Summer Dress (H&M, Zara, etc)

$40.05 MX$697

Sport Shoes (Adidas, Nike)

$79.9 MX$1,390

Men's Leather Business Shoes

$88.9 MX$1,547

1-bedroom Apartment, City Center (Monthly)

$963 MX$16.8K

1-bedroom Apartment, Outside City Center (Monthly)

$465 MX$8,086

3-bedroom Apartment, City Center (Monthly)

$1,596 MX$27.8K

3-bedroom Apartment, Outside City Center (Monthly)

$1,209 MX$21.0K

Buy Apartment in City Center (m2)

$3,942 MX$68.6K

Buy Apartment Outside City Center (m2)

$6,448 MX$112.2K

Average Monthly Net Salary (After Tax)

$5,782 ISK 708.1K

$720 MX$12.5K

702.56%

20-Year Fixed Mortgage Interest Rate (Annual %)

11.42

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

Last update for Bakkafjordur: April 27, 2026

Last update for Playa del Carmen: April 25, 2026

Cost Breakdown

Salaries run about 703% higher in Bakkafjordur, which reinforces the cost advantage – you earn more and spend less. Purchasing power leans clearly in its favor.

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

Bakkafjordur vs Playa del Carmen: Cost of Living - Frequently Asked Questions

Playa del Carmen costs about 411% more than Bakkafjordur, with the gap driven mainly by Eating Out. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $378 per month in Bakkafjordur and $1,930 in Playa del Carmen. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $252 in Bakkafjordur and $1,287 in Playa del Carmen. The difference isn't just one category – it shows up across housing, food, transport, and services.

Groceries cost about 1% more in Playa del Carmen, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $1,000 monthly budget goes further in Bakkafjordur, where all-in costs run around $252, than in Playa del Carmen at $1,287. In Bakkafjordur it covers expenses comfortably, while in Playa del Carmen it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Bakkafjordur costs $252 versus $1,287 in Playa del Carmen. Both have workable remote work infrastructure, but the cost gap matters when income varies month to month.

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 Bakkafjordur. If higher salaries, better infrastructure, or specific career opportunities are the priority, Playa del Carmen makes more sense. Both are solid long-term options with distinct trade-offs.