Last update: Nov 2026

Cost of Living Comparison Between Mexico City and Drangsnes

For one person, living is cheaper in Mexico City: $1,674 a month against $1,726 in Drangsnes, rent and utilities included – about $620 less a year. The total is higher in Drangsnes despite lower rent and utilities.

80

Cost of Living Index in Mexico City
Learn more

Mexico City Living Index
82

Cost of Living Index in Drangsnes
Learn more

Drangsnes Living Index

Jump to prices

Mexico City

🇲🇽 Mexico

$1,674

/mo nomad

Drangsnes

🇮🇸 Iceland

$1,726

/mo nomad

Monthly Cost of Living

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

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 Drangsnes actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,674 in Mexico City versus $1,726 in Drangsnes.

Mexico City $1,674
Drangsnes $1,726

Estimated couple costs with rent: $2,606 in Mexico City versus $2,935 in Drangsnes.

Mexico City $2,606
Drangsnes $2,935

Monthly costs for a family of three with rent: $3,537 in Mexico City versus $4,144 in Drangsnes.

Mexico City $3,537
Drangsnes $4,144

Living in Mexico City costs roughly 3% less than in Drangsnes, and outside of rent the biggest gap is in eating out.

Both cities are pricier than the global median: Mexico City 24% above, Drangsnes 28% above.

Meal at Budget Restaurant

$10.59 MX$199

$31.74 ISK 3,856

-66.64%

Three-Course Dinner for Two, Mid-Range

$52.0 MX$978

$122 ISK 14.9K

-57.57%

Fast Food Meal (McDonalds, etc)

$10.73 MX$202

$26.90 ISK 3,268

-60.11%

Cappuccino

$3.80 MX$71.4

$6.91 ISK 840

-45.01%

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

$1.61 MX$30.35

$3.41 ISK 414

-52.79%

Water (0.33 liter bottle)

$1.21 MX$22.81

$3.15 ISK 383

-61.59%

Local Beer (0.5 liter draught)

$3.18 MX$59.8

$14.01 ISK 1,702

-77.30%

Imported Beer (0.33 liter bottle)

$5.44 MX$102

$12.12 ISK 1,473

-55.12%

Milk (1 liter)

$1.72 MX$32.32

$2.12 ISK 257

-18.87%

White Bread (500g)

$2.97 MX$55.8

$4.23 ISK 514

-29.79%

Rice (white) (1kg)

$1.93 MX$36.24

$3.65 ISK 444

-47.12%

Eggs

$2.77 MX$52.2

$6.96 ISK 845

-60.20%

Local Cheese (1kg)

$11.67 MX$220

$21.86 ISK 2,656

-46.61%

Chicken Fillets (1kg)

$9.48 MX$178

$24.27 ISK 2,948

-60.94%

Beef Round Steak (1kg)

$15.37 MX$289

$42.46 ISK 5,159

-63.80%

Apples (1kg)

$3.10 MX$58.4

$3.28 ISK 398

-5.49%

Banana (1kg)

$1.96 MX$36.90

$2.84 ISK 344

-30.99%

Oranges (1kg)

$1.98 MX$37.30

$3.17 ISK 385

-37.54%

Tomato (1kg)

$2.34 MX$43.95

$6.60 ISK 801

-64.55%

Potato (1kg)

$2.02 MX$38.08

$3.94 ISK 479

-48.73%

Onion (1kg)

$1.82 MX$34.34

$1.70 ISK 207

7.06%

Lettuce (1 head)

$1.54 MX$29.06

$3.66 ISK 444

-57.92%

Water (1.5 liter bottle)

$1.31 MX$24.70

$1.74 ISK 212

-24.71%

Cigarettes 20 Pack (Marlboro, Camel)

$5.35 MX$101

$13.77 ISK 1,673

-61.15%

Wine (Bottle)

$16.19 MX$305

$23.74 ISK 2,885

-31.80%

Local Beer (0.5 liter bottle)

$1.96 MX$36.87

$3.67 ISK 446

-46.59%

Imported Beer (0.33 liter bottle)

$4.35 MX$81.9

$3.49 ISK 424

24.64%

One-way Ticket (Public Transport)

$0.30 MX$5.74

Public Transport Monthly Pass (Regular Price)

$19.49 MX$367

Taxi Start (Normal Tariff)

$1.92 MX$36.08

$6.64 ISK 806

-71.08%

Taxi (Normal Tariff) (1km)

$0.47 MX$8.90

$2.79 ISK 339

-83.15%

Taxi 1hour Waiting (Normal Tariff)

$5.41 MX$102

$80.7 ISK 9,799

-93.29%

Gasoline (1 liter)

$1.48 MX$27.92

$2.11 ISK 256

-29.86%

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

$21.4K MX$402.2K

$69.7K ISK 8.5M

-69.34%

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

$23.8K MX$447.1K

$55.5K ISK 6.7M

-57.17%

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

$62.0 MX$1,167

$95.5 ISK 11.6K

-35.08%

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

$28.47 MX$536

$33.11 ISK 4,023

-14.01%

Internet (50+ Mbps, Unlimited Data)

$34.11 MX$642

$87.1 ISK 10.6K

-60.86%

Gym Membership (Monthly)

$58.4 MX$1,099

Tennis Court (1 Hour on Weekend)

$24.50 MX$461

Cinema Ticket

$6.59 MX$124

$19.31 ISK 2,347

-65.87%

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

$434 MX$8,172

$1,168 ISK 142.0K

-62.84%

International Primary School, 1 Child (Yearly)

$14.0K MX$264.1K

$26.3K ISK 3.2M

-46.60%

Jeans (Levis 501 Or Similar)

$68.4 MX$1,286

$152 ISK 18.5K

-55.07%

Summer Dress (H&M, Zara, etc)

$54.8 MX$1,031

$65.6 ISK 7,971

-16.48%

Sport Shoes (Adidas, Nike)

$111 MX$2,086

$179 ISK 21.7K

-38.00%

Men's Leather Business Shoes

$116 MX$2,183

$248 ISK 30.1K

-53.19%

1-bedroom Apartment, City Center (Monthly)

$1,179 MX$22.2K

1-bedroom Apartment, Outside City Center (Monthly)

$771 MX$14.5K

3-bedroom Apartment, City Center (Monthly)

$2,570 MX$48.4K

3-bedroom Apartment, Outside City Center (Monthly)

$1,420 MX$26.7K

Buy Apartment in City Center (m2)

$3,586 MX$67.5K

Buy Apartment Outside City Center (m2)

$2,064 MX$38.8K

Average Monthly Net Salary (After Tax)

$1,003 MX$18.9K

$6,094 ISK 740.4K

-83.55%

20-Year Fixed Mortgage Interest Rate (Annual %)

11.35

8.81

28.83%

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

Last update for Mexico City: November 1, 2026

Last update for Drangsnes: November 3, 2026

Monthly budget structure

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

Accommodation & Living

Mexico City

$771 46.1%

Drangsnes

- * 0% 100%

Groceries & Markets

Mexico City

$324 19.3%

Drangsnes

$623 36.1% 92.5% $299

Eating Out

Mexico City

$201 12%

Drangsnes

$538 31.2% 168% $337

Clothing & Footwear

Mexico City

$158 9.4%

Drangsnes

$290 16.8% 84.1% $132

Monthly Utilities & Internet

Mexico City

$125 7.4%

Drangsnes

$216 12.5% 73.2% $91

Sport & Entertainment

Mexico City

$72 4.3%

Drangsnes

$39 * 2.2% 46% $33

Getting Around

Mexico City

$25 1.5%

Drangsnes

$21 * 1.2% 17.6% $4.4

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

Cost Breakdown

Drangsnes pays about 6.1 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $52 in Mexico City vs $122 in Drangsnes for a mid-range dinner for two. Groceries echo the gap at $324 vs $623 per month, with Mexico City cheaper across the board.

Good to know

🇲🇽 Mexico City

🇮🇸 Drangsnes

🕒 Local time

22:56 10:56 PM

04:56 4:56 AM

6 h ahead of Mexico City

🌤 Weather

👥 Population

9,209,944 Capital

100

💱 Currency

Mexican Peso MXN $

Icelandic Króna ISK kr

📈 Exchange rate

100 MXN = 5.31 USD

100 MXN = 4.75 EUR

1,000 ISK = 8.23 USD

1,000 ISK = 7.36 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 4, 2026: 1 USD = 18.82 MXN (100 MXN = 5.31 USD). 1 EUR = 21.05 MXN (100 MXN = 4.75 EUR).

Icelandic Króna exchange rates as of November 4, 2026: 1 USD = 122 ISK (1,000 ISK = 8.23 USD). 1 EUR = 136 ISK (1,000 ISK = 7.36 EUR).

USD to MXN in detail →

On the map

Lowest

Highest

Between locations

Mexico City Drangsnes 7,480 km ≈ 10 h nonstop flight

From you

Mexico City
Drangsnes

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 Drangsnes: Cost of Living - Frequently Asked Questions

Mexico City wins on cost – living expenses run 3% lower than in Drangsnes. Housing and daily spending are where you’ll feel the difference most, making Mexico City the obvious pick if budget is a priority.

On paper, salaries run 84% lower in Mexico City. That’s worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Childcare runs $434 in Mexico City versus $1,168 in Drangsnes. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Dining out is cheaper in Mexico City – a meal for two runs $52 versus $122 in Drangsnes. If you eat out regularly, this makes a real dent in your monthly spending.

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.

It comes down to priorities – Mexico City wins on affordability, Drangsnes on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.