Last update: Oct 2026

Cost of Living Comparison Between Grundarfjordur and Mexico City

For one person, living is cheaper in Mexico City: $1,608 a month against $1,713 in Grundarfjordur, rent and utilities included – about $1,300 less a year. The total is higher in Grundarfjordur despite lower rent and utilities.

83

Cost of Living Index in Grundarfjordur
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Grundarfjordur Living Index
78

Cost of Living Index in Mexico City
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Mexico City Living Index

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Grundarfjordur

🇮🇸 Iceland

$1,713

/mo nomad

Mexico City

🇲🇽 Mexico

$1,608

/mo nomad

Monthly Cost of Living

How much you'll spend in Grundarfjordur 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 Grundarfjordur and in Mexico City actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,713 in Grundarfjordur versus $1,608 in Mexico City.

Grundarfjordur $1,713
Mexico City $1,608

Estimated couple costs with rent: $2,918 in Grundarfjordur versus $2,549 in Mexico City.

Grundarfjordur $2,918
Mexico City $2,549

Monthly costs for a family of three with rent: $4,122 in Grundarfjordur versus $3,490 in Mexico City.

Grundarfjordur $4,122
Mexico City $3,490

Living in Grundarfjordur is roughly 7% more expensive than in Mexico City, and outside of rent the biggest gap is in eating out.

Both cities are pricier than the global median: Grundarfjordur 26% above, Mexico City 18% above.

Meal at Budget Restaurant

$30.53 ISK 3,720

$10.62 MX$199

187.48%

Three-Course Dinner for Two, Mid-Range

$124 ISK 15.1K

$48.35 MX$904

156.71%

Fast Food Meal (McDonalds, etc)

$27.06 ISK 3,298

$10.35 MX$193

161.45%

Cappuccino

$6.61 ISK 805

$3.69 MX$69.0

79.13%

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

$3.34 ISK 407

$1.67 MX$31.14

100.00%

Water (0.33 liter bottle)

$3.03 ISK 370

$1.27 MX$23.65

138.58%

Local Beer (0.5 liter draught)

$14.17 ISK 1,726

$3.19 MX$59.7

344.20%

Imported Beer (0.33 liter bottle)

$12.21 ISK 1,488

$5.31 MX$99.2

129.94%

Milk (1 liter)

$2.09 ISK 255

$1.72 MX$32.23

21.51%

White Bread (500g)

$4.11 ISK 501

$3.04 MX$56.8

35.20%

Rice (white) (1kg)

$3.73 ISK 455

$1.94 MX$36.27

92.27%

Eggs

$6.93 ISK 845

$2.89 MX$54.0

139.79%

Local Cheese (1kg)

$21.76 ISK 2,651

$10.97 MX$205

98.36%

Chicken Fillets (1kg)

$24.62 ISK 2,999

$9.25 MX$173

166.16%

Beef Round Steak (1kg)

$42.23 ISK 5,145

$15.13 MX$283

179.11%

Apples (1kg)

$3.31 ISK 403

$3.05 MX$57.0

8.52%

Banana (1kg)

$2.77 ISK 337

$1.94 MX$36.27

42.78%

Oranges (1kg)

$3.16 ISK 385

$2.03 MX$37.85

55.67%

Tomato (1kg)

$6.32 ISK 770

$2.31 MX$43.25

173.59%

Potato (1kg)

$4.01 ISK 488

$2.04 MX$38.03

96.57%

Onion (1kg)

$1.65 ISK 201

$1.80 MX$33.63

-8.33%

Lettuce (1 head)

$3.84 ISK 467

$1.48 MX$27.64

159.46%

Water (1.5 liter bottle)

$1.77 ISK 216

$1.27 MX$23.69

39.37%

Cigarettes 20 Pack (Marlboro, Camel)

$14.16 ISK 1,725

$5.30 MX$99.1

167.17%

Wine (Bottle)

$23.44 ISK 2,856

$16.10 MX$301

45.59%

Local Beer (0.5 liter bottle)

$3.69 ISK 450

$1.98 MX$37.06

86.36%

Imported Beer (0.33 liter bottle)

$3.48 ISK 424

$4.25 MX$79.5

-18.12%

One-way Ticket (Public Transport)

$0.31 MX$5.70

Public Transport Monthly Pass (Regular Price)

$19.73 MX$369

Taxi Start (Normal Tariff)

$6.59 ISK 802

$1.84 MX$34.34

258.15%

Taxi (Normal Tariff) (1km)

$2.80 ISK 341

$0.53 MX$9.97

428.30%

Taxi 1hour Waiting (Normal Tariff)

$80.5 ISK 9,808

$5.30 MX$99.0

1418.87%

Gasoline (1 liter)

$2.10 ISK 256

$1.51 MX$28.23

39.07%

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

$68.8K ISK 8.4M

$21.8K MX$406.5K

216.13%

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

$55.0K ISK 6.7M

$24.0K MX$448.2K

129.47%

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

$97.0 ISK 11.8K

$63.0 MX$1,177

54.03%

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

$32.92 ISK 4,011

$27.39 MX$512

20.19%

Internet (50+ Mbps, Unlimited Data)

$86.2 ISK 10.5K

$35.67 MX$666

141.77%

Gym Membership (Monthly)

$58.9 MX$1,101

Tennis Court (1 Hour on Weekend)

$23.64 MX$442

Cinema Ticket

$19.36 ISK 2,359

$6.40 MX$120

202.50%

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

$1,182 ISK 144.0K

$432 MX$8,065

173.81%

International Primary School, 1 Child (Yearly)

$26.3K ISK 3.2M

$11.4K MX$213.5K

130.50%

Jeans (Levis 501 Or Similar)

$148 ISK 18.0K

$68.2 MX$1,275

116.80%

Summer Dress (H&M, Zara, etc)

$66.1 ISK 8,059

$53.1 MX$993

24.49%

Sport Shoes (Adidas, Nike)

$185 ISK 22.5K

$108 MX$2,014

71.68%

Men's Leather Business Shoes

$247 ISK 30.1K

$117 MX$2,191

110.54%

1-bedroom Apartment, City Center (Monthly)

$1,113 MX$20.8K

1-bedroom Apartment, Outside City Center (Monthly)

$710 MX$13.3K

3-bedroom Apartment, City Center (Monthly)

$2,588 MX$48.4K

3-bedroom Apartment, Outside City Center (Monthly)

$1,406 MX$26.3K

Buy Apartment in City Center (m2)

$3,631 MX$67.8K

Buy Apartment Outside City Center (m2)

$1,098 ISK 133.8K

$2,135 MX$39.9K

-48.58%

Average Monthly Net Salary (After Tax)

$946 MX$17.7K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.81

11.35

-22.38%

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

Last update for Grundarfjordur: October 24, 2026

Last update for Mexico City: October 25, 2026

Monthly budget structure

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

Groceries & Markets

Grundarfjordur

$621 36.3%

Mexico City

$320 19.9% 48.6% $302

Eating Out

Grundarfjordur

$525 30.7%

Mexico City

$199 12.4% 62.2% $327

Clothing & Footwear

Grundarfjordur

$291 17%

Mexico City

$156 9.7% 46.4% $135

Monthly Utilities & Internet

Grundarfjordur

$216 12.6%

Mexico City

$126 7.8% 41.7% $90

Sport & Entertainment

Grundarfjordur

$39 * 2.3%

Mexico City

$72 4.5% 85.3% $33

Getting Around

Grundarfjordur

$21 * 1.2%

Mexico City

$25 1.6% 23.7% $4.9

Accommodation & Living

Grundarfjordur

- * 0%

Mexico City

$710 44.2%

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

Cost Breakdown

Dining out: $124 in Grundarfjordur vs $48 in Mexico City for a mid-range dinner for two. Groceries echo the gap at $621 vs $320 per month, with Mexico City cheaper across the board.

Good to know

🇮🇸 Grundarfjordur

🇲🇽 Mexico City

🕒 Local time

09:30 9:30 AM

03:30 3:30 AM

6 h behind Grundarfjordur

🌤 Weather

👥 Population

800

9,209,944 Capital

💱 Currency

Icelandic Króna ISK kr

Mexican Peso MXN $

📈 Exchange rate

1,000 ISK = 8.21 USD

1,000 ISK = 7.37 EUR

100 MXN = 5.35 USD

100 MXN = 4.81 EUR

Exchange rates and currency converter

MXN, USD, EUR to ISK – Icelandic Króna Converter

🇺🇸 United States Dollar ($)

🇮🇸 Icelandic Króna (kr)

Icelandic Króna exchange rates as of October 28, 2026: 1 USD = 122 ISK (1,000 ISK = 8.21 USD). 1 EUR = 136 ISK (1,000 ISK = 7.37 EUR).

Mexican Peso exchange rates as of October 28, 2026: 1 USD = 18.69 MXN (100 MXN = 5.35 USD). 1 EUR = 20.8 MXN (100 MXN = 4.81 EUR).

USD to ISK in detail →

On the map

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Between locations

Grundarfjordur Mexico City 7,390 km ≈ 10 h nonstop flight

From you

Grundarfjordur
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

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

Mexico City wins on cost – living expenses run 6% lower than in Grundarfjordur. Housing and daily spending are where you’ll feel the difference most, making Mexico City the obvious pick if budget is a priority.

You’d need roughly $2,570 in Grundarfjordur and $2,412 in Mexico City to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Supermarket bills run roughly 94% higher in Grundarfjordur. For households that cook at home regularly, that difference adds up over a month.

All in, you’ll spend $1,713 per month in Grundarfjordur versus $1,608 in Mexico City – a 7% gap that adds up to real savings over time for anyone picking the cheaper option.

Either city works on $3,000 a month, though Mexico City gives you more room to save. At this income level, the choice is more about lifestyle than financial pressure.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.