Last update: Oct 2026
Cost of Living Comparison Between Iceland and Mexico City
For one person, living is cheaper in Mexico City: $1,561 a month against $3,841 in Iceland, rent and utilities included – about $27,400 less a year. Rent and utilities account for most of the difference.
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Iceland Living Index185Cost of Living Index in IcelandLearn more -
Mexico City Living Index77Cost of Living Index in Mexico CityLearn more
😐 Solo nomad: Iceland is 102.9% more expensive than Mexico City without rent, and 146.1% more expensive with rent.
😐 Family of 3: Iceland is 108.4% more expensive than Mexico City without rent, and 112.6% more expensive with rent.
🍽 Eating Out
Iceland
Mexico City
Difference
Meal at Budget Restaurant
$27.37 ISK 3,337
$11.12 MX$204
146.13%
Three-Course Dinner for Two, Mid-Range
$125 ISK 15.2K
$48.99 MX$900
154.87%
Fast Food Meal (McDonalds, etc)
$24.08 ISK 2,937
$11.23 MX$206
114.43%
Cappuccino
$6.19 ISK 755
$3.76 MX$69.0
64.63%
Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)
$3.15 ISK 384
$1.65 MX$30.34
90.91%
Water (0.33 liter bottle)
$2.99 ISK 365
$1.28 MX$23.48
133.59%
Local Beer (0.5 liter draught)
$12.47 ISK 1,521
$3.26 MX$59.8
282.52%
Imported Beer (0.33 liter bottle)
$12.50 ISK 1,524
$5.66 MX$104
120.85%
🛒 Groceries & Markets
Iceland
Mexico City
Difference
Milk (1 liter)
$2.11 ISK 258
$1.81 MX$33.23
16.57%
White Bread (500g)
$4.09 ISK 499
$2.94 MX$54.0
39.12%
Rice (white) (1kg)
$3.45 ISK 421
$2.05 MX$37.62
68.29%
Eggs
$7.23 ISK 882
$2.93 MX$53.7
146.76%
Local Cheese (1kg)
$20.83 ISK 2,541
$11.95 MX$219
74.31%
Chicken Fillets (1kg)
$24.61 ISK 3,001
$9.51 MX$175
158.78%
Beef Round Steak (1kg)
$42.36 ISK 5,166
$14.84 MX$273
185.44%
Apples (1kg)
$3.17 ISK 387
$3.14 MX$57.7
0.96%
Banana (1kg)
$2.72 ISK 332
$2.01 MX$36.99
35.32%
Oranges (1kg)
$3.20 ISK 390
$2.08 MX$38.10
53.85%
Tomato (1kg)
$5.94 ISK 724
$2.22 MX$40.72
167.57%
Potato (1kg)
$3.96 ISK 483
$2.06 MX$37.82
92.23%
Onion (1kg)
$1.85 ISK 226
$1.88 MX$34.46
-1.60%
Lettuce (1 head)
$3.62 ISK 441
$1.48 MX$27.18
144.59%
Water (1.5 liter bottle)
$1.93 ISK 236
$1.35 MX$24.70
42.96%
Cigarettes 20 Pack (Marlboro, Camel)
$14.12 ISK 1,721
$5.41 MX$99.3
161.00%
Wine (Bottle)
$23.36 ISK 2,849
$16.86 MX$310
38.55%
Local Beer (0.5 liter bottle)
$3.72 ISK 454
$1.98 MX$36.43
87.88%
Imported Beer (0.33 liter bottle)
$3.25 ISK 396
$4.32 MX$79.4
-24.77%
🚌 Getting Around
Iceland
Mexico City
Difference
One-way Ticket (Public Transport)
$5.54 ISK 676
$0.34 MX$6.33
1529.41%
Public Transport Monthly Pass (Regular Price)
$92.7 ISK 11.3K
$20.23 MX$371
358.18%
Taxi Start (Normal Tariff)
$6.87 ISK 838
$2.10 MX$38.47
227.14%
Taxi (Normal Tariff) (1km)
$2.90 ISK 354
$0.53 MX$9.74
447.17%
Taxi 1hour Waiting (Normal Tariff)
$81.6 ISK 9,947
$5.41 MX$99.3
1407.58%
Gasoline (1 liter)
$2.36 ISK 288
$1.52 MX$27.91
55.26%
Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)
$50.2K ISK 6.1M
$21.7K MX$399.0K
131.13%
Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)
$53.5K ISK 6.5M
$24.8K MX$455.6K
115.77%
🧾 Monthly Utilities & Internet
Iceland
Mexico City
Difference
Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)
$96.5 ISK 11.8K
$63.0 MX$1,156
53.28%
SIM Card Monthly Plan (Calls and 10GB+ Data)
$30.37 ISK 3,704
$28.88 MX$530
5.16%
Internet (50+ Mbps, Unlimited Data)
$88.0 ISK 10.7K
$33.93 MX$623
159.21%
🎉 Sport & Entertainment
Iceland
Mexico City
Difference
Gym Membership (Monthly)
$89.8 ISK 11.0K
$55.8 MX$1,024
61.06%
Tennis Court (1 Hour on Weekend)
$50.7 ISK 6,183
$24.90 MX$457
103.61%
Cinema Ticket
$18.98 ISK 2,314
$6.77 MX$124
180.35%
🧸 Childcare & Education
Iceland
Mexico City
Difference
Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)
$1,053 ISK 128.4K
$428 MX$7,854
146.23%
International Primary School, 1 Child (Yearly)
$30.4K ISK 3.7M
$11.9K MX$218.0K
156.19%
👕👟 Clothing & Footwear
Iceland
Mexico City
Difference
Jeans (Levis 501 Or Similar)
$154 ISK 18.8K
$70.0 MX$1,286
120.58%
Summer Dress (H&M, Zara, etc)
$48.13 ISK 5,869
$53.7 MX$986
-10.42%
Sport Shoes (Adidas, Nike)
$175 ISK 21.4K
$110 MX$2,016
59.73%
Men's Leather Business Shoes
$231 ISK 28.2K
$115 MX$2,115
100.67%
🏠 Accommodation & Living
Iceland
Mexico City
Difference
1-bedroom Apartment, City Center (Monthly)
$2,476 ISK 301.9K
$1,062 MX$19.5K
133.04%
1-bedroom Apartment, Outside City Center (Monthly)
$1,968 ISK 240.0K
$671 MX$12.3K
193.45%
3-bedroom Apartment, City Center (Monthly)
$3,333 ISK 406.4K
$2,379 MX$43.7K
40.08%
3-bedroom Apartment, Outside City Center (Monthly)
$2,708 ISK 330.2K
$1,260 MX$23.1K
114.86%
Buy Apartment in City Center (m2)
$7,695 ISK 938.4K
$3,716 MX$68.2K
107.10%
Buy Apartment Outside City Center (m2)
$6,295 ISK 767.7K
$1,976 MX$36.3K
218.60%
💵 Salaries & Financials
Iceland
Mexico City
Difference
Average Monthly Net Salary (After Tax)
$4,795 ISK 584.8K
$997 MX$18.3K
381.02%
20-Year Fixed Mortgage Interest Rate (Annual %)
9.29
11.3
-17.79%
CityCost data is based on AI and user input – minor inaccuracies may occur.
Last update for Iceland: October 3, 2026
Last update for Mexico City: October 6, 2026
Monthly budget structure
Share of the monthly basket for one person, rent included.
Share of the monthly basket for a family of three, rent included.
Accommodation & Living
Iceland $2K 51.6%
Mexico City $671 42.4% 65.9% $1.3K
Groceries & Markets
Iceland $617 16.2%
Mexico City $327 20.7% 47% $290
Eating Out
Iceland $477 12.5%
Mexico City $207 13.1% 56.6% $270
Clothing & Footwear
Iceland $274 7.2%
Mexico City $157 9.9% 42.7% $117
Monthly Utilities & Internet
Iceland $215 5.6%
Mexico City $126 8% 41.5% $89
Getting Around
Iceland $136 3.6%
Mexico City $26 1.7% 80.7% $110
Sport & Entertainment
Iceland $128 3.4%
Mexico City $69 4.4% 45.8% $58
Accommodation & Living
Iceland $2.7K 37.8%
Mexico City $1.3K 37.3% 53.5% $1.4K
Groceries & Markets
Iceland $1.4K 20.1%
Mexico City $744 22% 48.2% $692
Eating Out
Iceland $1.6K 22%
Mexico City $658 19.5% 58.2% $915
Clothing & Footwear
Iceland $609 8.5%
Mexico City $349 10.3% 42.7% $260
Monthly Utilities & Internet
Iceland $245 3.4%
Mexico City $155 4.6% 36.9% $91
Getting Around
Iceland $284 4%
Mexico City $53 1.6% 81.2% $230
Sport & Entertainment
Iceland $306 4.3%
Mexico City $164 4.8% 46.6% $143
Good to know
🇮🇸 Iceland
🇲🇽 Mexico City
Weather
Population
364,260
9,209,944 Capital
Exchange rates and currency converter
On the map
Lowest
Highest
Between locations
- Iceland Mexico City 7,450 km ≈ 10 h nonstop flight
From you
- Iceland
- 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
Iceland vs other spots: cost of living compared
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