Last update: Oct 2026

Cost of Living Comparison Between Florence and Mexico City

For one person, living is cheaper in Mexico City: $1,567 a month against $2,416 in Florence, rent and utilities included – about $10,200 less a year. Rent and utilities account for most of the difference.

117

Cost of Living Index in Florence
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Florence Living Index
76

Cost of Living Index in Mexico City
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Mexico City Living Index

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Florence

🇮🇹 Italy

$2,416

/mo nomad

Mexico City

🇲🇽 Mexico

$1,567

/mo nomad

Monthly Cost of Living

How much you'll spend in Florence and in Mexico City

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

A single person spends $2,416 per month in Florence vs $1,567 in Mexico City, rent included.

Florence $2,416
Mexico City $1,567

A couple spends around $3,684 per month in Florence vs $2,450 in Mexico City, rent included.

Florence $3,684
Mexico City $2,450

A family of three spends $4,952 per month in Florence vs $3,333 in Mexico City, rent included.

Florence $4,952
Mexico City $3,333

Florence costs about 54% more than Mexico City, and outside of rent the biggest gap is in eating out.

Both Florence and Mexico City sit above the global median – Florence by 79%, Mexico City by 16%.

Meal at Budget Restaurant

$27.03 €24.04

$10.75 MX$199

151.44%

Three-Course Dinner for Two, Mid-Range

$78.7 €70.0

$50.3 MX$929

56.66%

Fast Food Meal (McDonalds, etc)

$14.67 €13.05

$11.10 MX$205

32.16%

Cappuccino

$2.27 €2.02

$3.68 MX$68.1

-38.32%

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

$3.27 €2.91

$1.65 MX$30.42

98.18%

Water (0.33 liter bottle)

$1.49 €1.32

$1.30 MX$24.08

14.62%

Local Beer (0.5 liter draught)

$6.65 €5.91

$3.32 MX$61.3

100.30%

Imported Beer (0.33 liter bottle)

$7.59 €6.75

$5.54 MX$102

37.00%

Milk (1 liter)

$1.92 €1.71

$1.77 MX$32.68

8.47%

White Bread (500g)

$2.58 €2.29

$3.05 MX$56.4

-15.41%

Rice (white) (1kg)

$2.82 €2.50

$2.01 MX$37.20

40.30%

Eggs

$4.67 €4.15

$2.77 MX$51.1

68.59%

Local Cheese (1kg)

$26.16 €23.27

$11.91 MX$220

119.65%

Chicken Fillets (1kg)

$12.16 €10.81

$9.33 MX$172

30.33%

Beef Round Steak (1kg)

$25.75 €22.90

$15.02 MX$278

71.44%

Apples (1kg)

$3.01 €2.68

$3.08 MX$56.8

-2.27%

Banana (1kg)

$2.62 €2.33

$1.95 MX$35.97

34.36%

Oranges (1kg)

$3.26 €2.90

$2.03 MX$37.54

60.59%

Tomato (1kg)

$3.24 €2.88

$2.21 MX$40.92

46.61%

Potato (1kg)

$2.27 €2.02

$2.02 MX$37.41

12.38%

Onion (1kg)

$1.82 €1.62

$1.82 MX$33.67

Lettuce (1 head)

$1.88 €1.67

$1.52 MX$28.07

23.68%

Water (1.5 liter bottle)

$0.70 €0.62

$1.28 MX$23.65

-45.31%

Cigarettes 20 Pack (Marlboro, Camel)

$7.23 €6.43

$5.27 MX$97.4

37.19%

Wine (Bottle)

$7.87 €7.00

$16.12 MX$298

-51.18%

Local Beer (0.5 liter bottle)

$2.01 €1.79

$1.95 MX$36.05

3.08%

Imported Beer (0.33 liter bottle)

$3.14 €2.79

$4.25 MX$78.6

-26.12%

One-way Ticket (Public Transport)

$1.98 €1.76

$0.31 MX$5.82

538.71%

Public Transport Monthly Pass (Regular Price)

$42.68 €37.96

$19.85 MX$367

115.01%

Taxi Start (Normal Tariff)

$3.63 €3.23

$2.00 MX$36.93

81.50%

Taxi (Normal Tariff) (1km)

$1.19 €1.06

$0.53 MX$9.86

124.53%

Taxi 1hour Waiting (Normal Tariff)

$31.18 €27.73

$5.62 MX$104

454.80%

Gasoline (1 liter)

$2.19 €1.95

$1.52 MX$28.07

44.08%

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

$35.9K €32.0K

$21.0K MX$388.7K

70.91%

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

$34.6K €30.8K

$25.2K MX$465.3K

37.54%

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

$247 €220

$62.5 MX$1,155

296.02%

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

$11.81 €10.50

$28.77 MX$532

-58.95%

Internet (50+ Mbps, Unlimited Data)

$33.28 €29.60

$34.45 MX$637

-3.40%

Gym Membership (Monthly)

$63.5 €56.5

$57.1 MX$1,055

11.23%

Tennis Court (1 Hour on Weekend)

$21.46 €19.09

$24.81 MX$458

-13.50%

Cinema Ticket

$12.64 €11.24

$6.67 MX$123

89.51%

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

$747 €665

$431 MX$7,964

73.36%

International Primary School, 1 Child (Yearly)

$16.4K €14.6K

$11.7K MX$216.9K

39.34%

Jeans (Levis 501 Or Similar)

$96.1 €85.4

$70.8 MX$1,308

35.70%

Summer Dress (H&M, Zara, etc)

$39.37 €35.02

$51.8 MX$958

-24.04%

Sport Shoes (Adidas, Nike)

$109 €96.7

$109 MX$2,011

-0.16%

Men's Leather Business Shoes

$145 €129

$112 MX$2,076

28.90%

1-bedroom Apartment, City Center (Monthly)

$1,588 €1,412

$1,051 MX$19.4K

51.02%

1-bedroom Apartment, Outside City Center (Monthly)

$1,034 €920

$665 MX$12.3K

55.51%

3-bedroom Apartment, City Center (Monthly)

$2,779 €2,472

$2,346 MX$43.3K

18.48%

3-bedroom Apartment, Outside City Center (Monthly)

$1,842 €1,639

$1,227 MX$22.7K

50.19%

Buy Apartment in City Center (m2)

$6,269 €5,576

$3,554 MX$65.7K

76.40%

Buy Apartment Outside City Center (m2)

$3,905 €3,473

$1,977 MX$36.5K

97.50%

Average Monthly Net Salary (After Tax)

$1,980 €1,761

$975 MX$18.0K

103.16%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.16

11.3

-72.04%

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

Last update for Florence: October 13, 2026

Last update for Mexico City: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Florence

$1K 42.8%

Mexico City

$665 42.4% 35.7% $369

Groceries & Markets

Florence

$410 17%

Mexico City

$323 20.6% 21.3% $87

Eating Out

Florence

$355 14.7%

Mexico City

$203 13% 42.8% $152

Monthly Utilities & Internet

Florence

$293 12.1%

Mexico City

$126 8% 57% $167

Clothing & Footwear

Florence

$175 7.2%

Mexico City

$155 9.9% 11.6% $20

Sport & Entertainment

Florence

$89 3.7%

Mexico City

$70 4.5% 20.7% $18

Getting Around

Florence

$60 2.5%

Mexico City

$26 1.6% 57.2% $34

Cost Breakdown

A central one-bedroom costs $1,588 in Florence versus $1,051 in Mexico City. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 103% higher in Florence, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $79.0 in Florence versus $50.0 in Mexico City. Monthly groceries follow the same trend: $410 vs $323 – making Mexico City the more affordable choice for daily food spending.

Good to know

🇮🇹 Florence

🇲🇽 Mexico City

🕒 Local time

18:40 6:40 PM

10:40 10:40 AM

8 h behind Florence

🌤 Weather

👥 Population

382,808

9,209,944 Capital

💱 Currency

Euro EUR €

Mexican Peso MXN $

📈 Exchange rate

1 EUR = 1.12 USD

100 MXN = 5.41 USD

100 MXN = 4.81 EUR

Exchange rates and currency converter

MXN, USD to EUR – Euro Converter

🇺🇸 United States Dollar ($)

🇪🇺 Euro (€)

Euro exchange rates as of October 17, 2026: 1 USD = 0.889 EUR (1 EUR = 1.12 USD).

Mexican Peso exchange rates as of October 17, 2026: 1 USD = 18.48 MXN (100 MXN = 5.41 USD). 1 EUR = 20.78 MXN (100 MXN = 4.81 EUR).

USD to EUR in detail →

On the map

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Between locations

Florence Mexico City 10,050 km ≈ 13 h nonstop flight

From you

Florence
Mexico City

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

Florence vs Mexico City: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $2,416 in Florence, $1,567 in Mexico City – roughly 54% apart. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $3,623 per month in Florence and $2,351 in Mexico City. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Monthly expenses with rent come to $2,416 in Florence and $1,567 in Mexico City. That's a gap of about 54%.

Public transport costs about 115% less in Mexico City. For daily commuters, that gap adds up to noticeable savings over a year.

A $2,000 monthly budget goes further in Mexico City, where all-in costs run around $1,567, than in Florence at $2,416. In Mexico City it covers expenses comfortably, while in Florence it requires careful planning or may not stretch far enough.

It depends on your priorities. Mexico City has an edge in some lifestyle areas, with costs from $1,567 in Mexico City to $2,416 in Florence. Climate, culture, job market, and personal taste all factor in.

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 Mexico City. If higher salaries, better infrastructure, or specific career opportunities are the priority, Florence makes more sense. Both are solid long-term options with distinct trade-offs.