Last update: Oct 2026

Cost of Living Comparison Between Mexico City and Akureyri

For one person, living is cheaper in Mexico City: $1,608 a month against $3,106 in Akureyri, rent and utilities included – about $18,000 less a year. Rent and utilities account for most of the difference.

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Cost of Living Index in Mexico City
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Mexico City Living Index

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Mexico City

🇲🇽 Mexico

$1,608

/mo nomad

Akureyri

🇮🇸 Iceland

$3,106

/mo nomad

Monthly Cost of Living

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

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

A single person spends $1,608 per month in Mexico City vs $3,106 in Akureyri, rent included.

Mexico City $1,608
Akureyri $3,106

A couple spends around $2,549 per month in Mexico City vs $4,176 in Akureyri, rent included.

Mexico City $2,549
Akureyri $4,176

A family of three spends $3,490 per month in Mexico City vs $5,246 in Akureyri, rent included.

Mexico City $3,490
Akureyri $5,246

Mexico City is about 48% cheaper than Akureyri, and outside of rent the biggest gap is in eating out.

Both Mexico City and Akureyri sit above the global median – Mexico City by 18%, Akureyri by 128%.

Meal at Budget Restaurant

$10.62 MX$200

$24.94 ISK 3,028

-57.42%

Three-Course Dinner for Two, Mid-Range

$48.35 MX$909

$129 ISK 15.6K

-62.48%

Fast Food Meal (McDonalds, etc)

$10.35 MX$194

$22.63 ISK 2,748

-54.26%

Cappuccino

$3.69 MX$69.4

$5.04 ISK 611

-26.79%

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

$1.67 MX$31.32

$3.35 ISK 406

-50.15%

Water (0.33 liter bottle)

$1.27 MX$23.78

$2.99 ISK 363

-57.53%

Local Beer (0.5 liter draught)

$3.19 MX$60.0

$11.22 ISK 1,362

-71.57%

Imported Beer (0.33 liter bottle)

$5.31 MX$99.7

$9.62 ISK 1,168

-44.80%

Milk (1 liter)

$1.72 MX$32.41

$2.77 ISK 337

-37.91%

White Bread (500g)

$3.04 MX$57.1

$2.32 ISK 282

31.03%

Rice (white) (1kg)

$1.94 MX$36.48

$3.14 ISK 382

-38.22%

Eggs

$2.89 MX$54.3

$7.65 ISK 928

-62.22%

Local Cheese (1kg)

$10.97 MX$206

$15.85 ISK 1,925

-30.79%

Chicken Fillets (1kg)

$9.25 MX$174

$24.82 ISK 3,013

-62.73%

Beef Round Steak (1kg)

$15.13 MX$284

Apples (1kg)

$3.05 MX$57.3

Banana (1kg)

$1.94 MX$36.48

$2.92 ISK 354

-33.56%

Oranges (1kg)

$2.03 MX$38.06

$3.45 ISK 419

-41.16%

Tomato (1kg)

$2.31 MX$43.50

$6.08 ISK 738

-62.01%

Potato (1kg)

$2.04 MX$38.25

Onion (1kg)

$1.80 MX$33.83

Lettuce (1 head)

$1.48 MX$27.80

Water (1.5 liter bottle)

$1.27 MX$23.82

Cigarettes 20 Pack (Marlboro, Camel)

$5.30 MX$99.7

$13.71 ISK 1,664

-61.34%

Wine (Bottle)

$16.10 MX$303

Local Beer (0.5 liter bottle)

$1.98 MX$37.27

Imported Beer (0.33 liter bottle)

$4.25 MX$79.9

One-way Ticket (Public Transport)

$0.31 MX$5.73

Public Transport Monthly Pass (Regular Price)

$19.73 MX$371

Taxi Start (Normal Tariff)

$1.84 MX$34.53

Taxi (Normal Tariff) (1km)

$0.53 MX$10.03

Taxi 1hour Waiting (Normal Tariff)

$5.30 MX$99.5

Gasoline (1 liter)

$1.51 MX$28.39

$2.59 ISK 314

-41.70%

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

$21.8K MX$408.8K

$41.3K ISK 5.0M

-47.29%

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

$24.0K MX$450.8K

$65.2K ISK 7.9M

-63.21%

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

$63.0 MX$1,184

$121 ISK 14.7K

-47.86%

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

$27.39 MX$515

$25.21 ISK 3,061

8.65%

Internet (50+ Mbps, Unlimited Data)

$35.67 MX$670

$165 ISK 20.0K

-78.34%

Gym Membership (Monthly)

$58.9 MX$1,108

$84.3 ISK 10.2K

-30.07%

Tennis Court (1 Hour on Weekend)

$23.64 MX$444

Cinema Ticket

$6.40 MX$120

$15.53 ISK 1,885

-58.79%

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

$432 MX$8,111

$367 ISK 44.6K

17.57%

International Primary School, 1 Child (Yearly)

$11.4K MX$214.7K

Jeans (Levis 501 Or Similar)

$68.2 MX$1,282

$80.8 ISK 9,810

-15.58%

Summer Dress (H&M, Zara, etc)

$53.1 MX$999

Sport Shoes (Adidas, Nike)

$108 MX$2,026

$122 ISK 14.8K

-11.75%

Men's Leather Business Shoes

$117 MX$2,204

1-bedroom Apartment, City Center (Monthly)

$1,113 MX$20.9K

$1,835 ISK 222.7K

-39.31%

1-bedroom Apartment, Outside City Center (Monthly)

$710 MX$13.4K

$1,833 ISK 222.5K

-61.23%

3-bedroom Apartment, City Center (Monthly)

$2,588 MX$48.6K

3-bedroom Apartment, Outside City Center (Monthly)

$1,406 MX$26.4K

$2,186 ISK 265.4K

-35.68%

Buy Apartment in City Center (m2)

$3,631 MX$68.2K

$6,596 ISK 800.8K

-44.95%

Buy Apartment Outside City Center (m2)

$2,135 MX$40.1K

$6,483 ISK 787.1K

-67.07%

Average Monthly Net Salary (After Tax)

$946 MX$17.8K

20-Year Fixed Mortgage Interest Rate (Annual %)

11.35

9.4

20.74%

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

Last update for Mexico City: October 25, 2026

Last update for Akureyri: October 25, 2026

Monthly budget structure

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

Accommodation & Living

Mexico City

$710 44.2%

Akureyri

–

Groceries & Markets

Mexico City

$320 19.9%

Akureyri

–

Eating Out

Mexico City

$199 12.4%

Akureyri

–

Clothing & Footwear

Mexico City

$156 9.7%

Akureyri

–

Monthly Utilities & Internet

Mexico City

$126 7.8%

Akureyri

–

Sport & Entertainment

Mexico City

$72 4.5%

Akureyri

–

Getting Around

Mexico City

$25 1.6%

Akureyri

–

Cost Breakdown

A central one-bedroom costs $1,113 in Mexico City versus $1,835 in Akureyri. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $48 in Mexico City versus $129 in Akureyri. Monthly groceries follow the same trend: $320 vs $327 – making Mexico City the more affordable choice for daily food spending.

Good to know

🇲🇽 Mexico City

🇮🇸 Akureyri

🕒 Local time

03:51 3:51 AM

09:51 9:51 AM

6 h ahead of Mexico City

🌤 Weather

👥 Population

9,209,944 Capital

19,219

💱 Currency

Mexican Peso MXN $

Icelandic Króna ISK kr

📈 Exchange rate

100 MXN = 5.32 USD

100 MXN = 4.77 EUR

1,000 ISK = 8.24 USD

1,000 ISK = 7.38 EUR

Exchange rates and currency converter

ISK, USD, EUR to MXN – Mexican Peso Converter

🇺🇸 United States Dollar ($)

🇲🇽 Mexican Peso ($)

Mexican Peso exchange rates as of November 2, 2026: 1 USD = 18.79 MXN (100 MXN = 5.32 USD). 1 EUR = 20.97 MXN (100 MXN = 4.77 EUR).

Icelandic Króna exchange rates as of November 2, 2026: 1 USD = 121 ISK (1,000 ISK = 8.24 USD). 1 EUR = 135 ISK (1,000 ISK = 7.38 EUR).

USD to MXN in detail →

On the map

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Between locations

Mexico City Akureyri 7,640 km ≈ 10 h nonstop flight

From you

Mexico City
Akureyri

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

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

Yes – Akureyri is pricier by about 93%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $2,412 per month in Mexico City and $4,659 in Akureyri. 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 $1,835 in Akureyri.

A mid-range dinner for two costs $48 in Mexico City and $129 in Akureyri. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Kindergarten costs $432 per month in Mexico City and $367 in Akureyri. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $3,000 monthly budget goes further in Mexico City, where all-in costs run around $1,608, than in Akureyri at $3,106. In Mexico City it covers expenses comfortably, while in Akureyri it requires careful planning or may not stretch far enough.

For digital nomads, it depends on budget. Mexico City costs $1,608 versus $3,106 in Akureyri. Both appeal to remote workers, and the cost gap matters when income varies month to month.