Last update: Oct 2026

Cost of Living Comparison Between Hafnarfjordur and Mexico City

For one person, living is cheaper in Mexico City: $1,608 a month against $3,853 in Hafnarfjordur, rent and utilities included – about $26,900 less a year. Rent and utilities account for most of the difference.

184

Cost of Living Index in Hafnarfjordur
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Hafnarfjordur Living Index
78

Cost of Living Index in Mexico City
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Mexico City Living Index

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Hafnarfjordur

🇮🇸 Iceland

$3,853

/mo nomad

Mexico City

🇲🇽 Mexico

$1,608

/mo nomad

Monthly Cost of Living

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

A single person spends $3,853 per month in Hafnarfjordur vs $1,608 in Mexico City, rent included.

Hafnarfjordur $3,853
Mexico City $1,608

A couple spends around $5,410 per month in Hafnarfjordur vs $2,549 in Mexico City, rent included.

Hafnarfjordur $5,410
Mexico City $2,549

A family of three spends $6,967 per month in Hafnarfjordur vs $3,490 in Mexico City, rent included.

Hafnarfjordur $6,967
Mexico City $3,490

Hafnarfjordur costs about 140% more than Mexico City, and outside of rent the biggest gap is in eating out.

Both Hafnarfjordur and Mexico City sit above the global median – Hafnarfjordur by 183%, Mexico City by 18%.

Meal at Budget Restaurant

$31.04 ISK 3,768

$10.62 MX$200

192.28%

Three-Course Dinner for Two, Mid-Range

$125 ISK 15.1K

$48.35 MX$909

158.06%

Fast Food Meal (McDonalds, etc)

$16.40 ISK 1,991

$10.35 MX$194

58.45%

Cappuccino

$6.71 ISK 814

$3.69 MX$69.4

81.84%

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

$3.33 ISK 405

$1.67 MX$31.32

99.40%

Water (0.33 liter bottle)

$3.14 ISK 382

$1.27 MX$23.78

147.24%

Local Beer (0.5 liter draught)

$14.02 ISK 1,703

$3.19 MX$60.0

339.50%

Imported Beer (0.33 liter bottle)

$12.11 ISK 1,470

$5.31 MX$99.7

128.06%

Milk (1 liter)

$1.67 ISK 203

$1.72 MX$32.41

-2.91%

White Bread (500g)

$4.21 ISK 511

$3.04 MX$57.1

38.49%

Rice (white) (1kg)

$3.71 ISK 450

$1.94 MX$36.48

91.24%

Eggs

$7.26 ISK 881

$2.89 MX$54.3

151.21%

Local Cheese (1kg)

$21.51 ISK 2,611

$10.97 MX$206

96.08%

Chicken Fillets (1kg)

$24.40 ISK 2,962

$9.25 MX$174

163.78%

Beef Round Steak (1kg)

$41.76 ISK 5,070

$15.13 MX$284

176.01%

Apples (1kg)

$3.24 ISK 394

$3.05 MX$57.3

6.23%

Banana (1kg)

$2.48 ISK 301

$1.94 MX$36.48

27.84%

Oranges (1kg)

$3.19 ISK 388

$2.03 MX$38.06

57.14%

Tomato (1kg)

$6.41 ISK 779

$2.31 MX$43.50

177.49%

Potato (1kg)

$3.93 ISK 477

$2.04 MX$38.25

92.65%

Onion (1kg)

$1.64 ISK 200

$1.80 MX$33.83

-8.89%

Lettuce (1 head)

$3.69 ISK 448

$1.48 MX$27.80

149.32%

Water (1.5 liter bottle)

$1.82 ISK 221

$1.27 MX$23.82

43.31%

Cigarettes 20 Pack (Marlboro, Camel)

$14.04 ISK 1,705

$5.30 MX$99.7

164.91%

Wine (Bottle)

$24.05 ISK 2,920

$16.10 MX$303

49.38%

Local Beer (0.5 liter bottle)

$3.53 ISK 428

$1.98 MX$37.27

78.28%

Imported Beer (0.33 liter bottle)

$3.38 ISK 411

$4.25 MX$79.9

-20.47%

One-way Ticket (Public Transport)

$5.10 ISK 620

$0.31 MX$5.73

1545.16%

Public Transport Monthly Pass (Regular Price)

$85.0 ISK 10.3K

$19.73 MX$371

330.82%

Taxi Start (Normal Tariff)

$6.92 ISK 840

$1.84 MX$34.53

276.09%

Taxi (Normal Tariff) (1km)

$2.84 ISK 345

$0.53 MX$10.03

435.85%

Taxi 1hour Waiting (Normal Tariff)

$80.8 ISK 9,811

$5.30 MX$99.5

1424.72%

Gasoline (1 liter)

$2.00 ISK 243

$1.51 MX$28.39

32.45%

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

$68.7K ISK 8.3M

$21.8K MX$408.8K

215.97%

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

$55.8K ISK 6.8M

$24.0K MX$450.8K

132.47%

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

$69.4 ISK 8,419

$63.0 MX$1,184

10.11%

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

$32.65 ISK 3,964

$27.39 MX$515

19.20%

Internet (50+ Mbps, Unlimited Data)

$85.0 ISK 10.3K

$35.67 MX$670

138.32%

Gym Membership (Monthly)

$65.1 ISK 7,900

$58.9 MX$1,108

10.40%

Tennis Court (1 Hour on Weekend)

$23.64 MX$444

Cinema Ticket

$17.08 ISK 2,073

$6.40 MX$120

166.87%

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

$1,172 ISK 142.3K

$432 MX$8,111

171.56%

International Primary School, 1 Child (Yearly)

$25.9K ISK 3.1M

$11.4K MX$214.7K

126.42%

Jeans (Levis 501 Or Similar)

$125 ISK 15.1K

$68.2 MX$1,282

82.82%

Summer Dress (H&M, Zara, etc)

$67.1 ISK 8,150

$53.1 MX$999

26.37%

Sport Shoes (Adidas, Nike)

$124 ISK 15.1K

$108 MX$2,026

15.48%

Men's Leather Business Shoes

$246 ISK 29.9K

$117 MX$2,204

110.10%

1-bedroom Apartment, City Center (Monthly)

$2,496 ISK 303.1K

$1,113 MX$20.9K

124.21%

1-bedroom Apartment, Outside City Center (Monthly)

$2,075 ISK 251.8K

$710 MX$13.4K

192.00%

3-bedroom Apartment, City Center (Monthly)

$3,232 ISK 392.3K

$2,588 MX$48.6K

24.87%

3-bedroom Apartment, Outside City Center (Monthly)

$2,670 ISK 324.2K

$1,406 MX$26.4K

89.92%

Buy Apartment in City Center (m2)

$7,011 ISK 851.1K

$3,631 MX$68.2K

93.08%

Buy Apartment Outside City Center (m2)

$7,014 ISK 851.6K

$2,135 MX$40.1K

228.55%

Average Monthly Net Salary (After Tax)

$4,674 ISK 567.4K

$946 MX$17.8K

393.99%

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 Hafnarfjordur: October 24, 2026

Last update for Mexico City: October 25, 2026

Monthly budget structure

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

Accommodation & Living

Hafnarfjordur

$2.1K 53.8%

Mexico City

$710 44.2% 65.8% $1.4K

Groceries & Markets

Hafnarfjordur

$615 16%

Mexico City

$320 19.9% 48% $295

Eating Out

Hafnarfjordur

$498 12.9%

Mexico City

$199 12.4% 60.1% $300

Clothing & Footwear

Hafnarfjordur

$253 6.6%

Mexico City

$156 9.7% 38.4% $97

Monthly Utilities & Internet

Hafnarfjordur

$187 4.9%

Mexico City

$126 7.8% 32.6% $61

Getting Around

Hafnarfjordur

$127 3.3%

Mexico City

$25 1.6% 79.9% $101

Sport & Entertainment

Hafnarfjordur

$99 2.6%

Mexico City

$72 4.5% 27.7% $27

Cost Breakdown

A central one-bedroom costs $2,496 in Hafnarfjordur versus $1,113 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 in Hafnarfjordur are about 4.9 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $125 in Hafnarfjordur versus $48 in Mexico City. Monthly groceries follow the same trend: $615 vs $320 – making Mexico City the more affordable choice for daily food spending.

Good to know

🇮🇸 Hafnarfjordur

🇲🇽 Mexico City

🕒 Local time

05:36 5:36 AM

23:36 11:36 PM

6 h behind Hafnarfjordur

🌤 Weather

👥 Population

31,525

9,209,944 Capital

💱 Currency

Icelandic Króna ISK kr

Mexican Peso MXN $

📈 Exchange rate

1,000 ISK = 8.24 USD

1,000 ISK = 7.38 EUR

100 MXN = 5.32 USD

100 MXN = 4.77 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 November 2, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 136 ISK (1,000 ISK = 7.38 EUR).

Mexican Peso exchange rates as of November 2, 2026: 1 USD = 18.79 MXN (100 MXN = 5.32 USD). 1 EUR = 20.98 MXN (100 MXN = 4.77 EUR).

USD to ISK in detail →

On the map

Lowest

Highest

Between locations

Hafnarfjordur Mexico City 7,450 km ≈ 10 h nonstop flight

From you

Hafnarfjordur
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

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

Hafnarfjordur costs about 140% more than Mexico City, and outside of rent the gap comes mainly from 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 $5,780 per month in Hafnarfjordur and $2,412 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: a one-bedroom in the center costs $1,113 there versus $2,496 in Hafnarfjordur.

Monthly expenses with rent come to $3,853 in Hafnarfjordur and $1,608 in Mexico City. That makes Mexico City about 58% cheaper.

Public transport costs about 77% less in Mexico City. For daily commuters, that gap adds up to noticeable savings over a year.

A $3,000 monthly budget goes further in Mexico City, where all-in costs run around $1,608, than in Hafnarfjordur at $3,853. In Mexico City it covers expenses comfortably, while in Hafnarfjordur it requires careful planning or may not stretch far enough.

Families tend to lean toward Mexico City – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

If budget matters most, go with Mexico City. If higher salaries or specific career opportunities are the priority, Hafnarfjordur makes more sense. Both are solid long-term options with distinct trade-offs.