Cost of Living Comparison Between Grundarfjordur and Mexico City Cost of Living Comparison Between Grundarfjordur and Mexico City

😐 Solo nomad: Grundarfjordur is 76.7% more expensive than Mexico City without rent, and 11.6% more expensive with rent.

😐 Family of 3: Grundarfjordur is 115.8% more expensive than Mexico City without rent, and 24.7% more expensive with rent.

Meal at Budget Restaurant

$27.16 ISK 3,399

$13.12 MX$235

107.01%

Three-Course Dinner for Two, Mid-Range

$146 ISK 18.2K

$53.8 MX$963

170.77%

Fast Food Meal (McDonalds, etc)

$22.44 ISK 2,809

$9.40 MX$168

138.72%

Cappuccino

$6.02 ISK 753

$3.56 MX$63.8

69.10%

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

$3.26 ISK 408

$1.60 MX$28.69

103.75%

Water (0.33 liter bottle)

$2.55 ISK 319

$1.15 MX$20.67

121.74%

Local Beer (0.5 liter draught)

$12.75 ISK 1,596

$3.16 MX$56.5

303.48%

Imported Beer (0.33 liter bottle)

$11.37 ISK 1,423

$4.85 MX$86.7

134.43%

Milk (1 liter)

$1.97 ISK 246

$1.63 MX$29.25

20.86%

White Bread (500g)

$4.31 ISK 539

$2.73 MX$48.94

57.88%

Rice (white) (1kg)

$3.56 ISK 446

$1.88 MX$33.63

89.36%

Eggs

$6.44 ISK 806

$2.63 MX$47.10

144.87%

Local Cheese (1kg)

$17.88 ISK 2,237

$9.89 MX$177

80.79%

Chicken Fillets (1kg)

$23.87 ISK 2,987

$8.40 MX$150

184.17%

Beef Round Steak (1kg)

$42.87 ISK 5,365

$11.63 MX$208

268.62%

Apples (1kg)

$3.26 ISK 408

$2.97 MX$53.2

9.76%

Banana (1kg)

$2.44 ISK 306

$1.78 MX$31.94

37.08%

Oranges (1kg)

$2.97 ISK 371

$2.06 MX$36.79

44.17%

Tomato (1kg)

$4.97 ISK 622

$1.97 MX$35.35

152.28%

Potato (1kg)

$3.70 ISK 463

$2.09 MX$37.34

77.03%

Onion (1kg)

$2.44 ISK 305

$2.26 MX$40.44

7.96%

Lettuce (1 head)

$3.02 ISK 378

$1.46 MX$26.10

106.85%

Water (1.5 liter bottle)

$2.00 ISK 250

$1.09 MX$19.51

83.49%

Cigarettes 20 Pack (Marlboro, Camel)

$13.88 ISK 1,737

$4.34 MX$77.7

219.82%

Wine (Bottle)

$23.75 ISK 2,971

$13.62 MX$244

74.38%

Local Beer (0.5 liter bottle)

$3.55 ISK 444

$1.67 MX$29.96

112.57%

Imported Beer (0.33 liter bottle)

$3.37 ISK 422

$3.54 MX$63.4

-4.80%

One-way Ticket (Public Transport)

$0.36 MX$6.44

Public Transport Monthly Pass (Regular Price)

$18.96 MX$339

Taxi Start (Normal Tariff)

$6.37 ISK 798

$1.32 MX$23.69

382.58%

Taxi (Normal Tariff) (1km)

$2.65 ISK 332

$0.30 MX$5.39

783.33%

Taxi 1hour Waiting (Normal Tariff)

$84.5 ISK 10.6K

$5.49 MX$98.2

1438.62%

Gasoline (1 liter)

$2.53 ISK 316

$1.34 MX$23.93

88.81%

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

$46.5K ISK 5.8M

$19.1K MX$342.2K

143.25%

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

$51.5K ISK 6.4M

$23.8K MX$425.4K

116.72%

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

$86.3 ISK 10.8K

$41.11 MX$736

109.83%

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

$27.56 ISK 3,449

$27.78 MX$497

-0.79%

Internet (50+ Mbps, Unlimited Data)

$83.9 ISK 10.5K

$30.00 MX$537

179.63%

Gym Membership (Monthly)

$53.5 MX$958

Tennis Court (1 Hour on Weekend)

$26.13 MX$468

Cinema Ticket

$17.84 ISK 2,232

$6.28 MX$112

184.08%

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

$315 ISK 39.4K

$439 MX$7,865

-28.26%

International Primary School, 1 Child (Yearly)

$29.9K ISK 3.7M

$10.7K MX$192.3K

177.97%

Jeans (Levis 501 Or Similar)

$139 ISK 17.5K

$57.1 MX$1,022

144.14%

Summer Dress (H&M, Zara, etc)

$61.0 ISK 7,638

$45.30 MX$811

34.75%

Sport Shoes (Adidas, Nike)

$179 ISK 22.4K

$104 MX$1,866

71.89%

Men's Leather Business Shoes

$267 ISK 33.4K

$108 MX$1,938

146.59%

1-bedroom Apartment, City Center (Monthly)

$996 MX$17.8K

1-bedroom Apartment, Outside City Center (Monthly)

$624 MX$11.2K

3-bedroom Apartment, City Center (Monthly)

$2,106 MX$37.7K

3-bedroom Apartment, Outside City Center (Monthly)

$1,218 MX$21.8K

Buy Apartment in City Center (m2)

$3,799 MX$68.0K

Buy Apartment Outside City Center (m2)

$1,171 ISK 146.6K

$2,230 MX$39.9K

-47.48%

Average Monthly Net Salary (After Tax)

$1,096 MX$19.6K

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

11.34

-15.08%

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

Last update for Grundarfjordur: March 3, 2026

Last update for Mexico City: March 1, 2026

City Median Internet Speeds Comparison (Updated December 2025)

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

Digital Nomad Cost of Living Index

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