Cost of Living Comparison Between Mexico City and Egilsstadir Cost of Living Comparison Between Mexico City and Egilsstadir

Monthly Cost of Living

Monthly costs for one person with rent: $1,660 in Mexico City versus $632 in Egilsstadir.

Estimated couple costs with rent: $2,565 in Mexico City versus $1,060 in Egilsstadir.

Monthly costs for a family of three with rent: $3,470 in Mexico City versus $1,488 in Egilsstadir.

Living in Mexico City is roughly 163% more expensive than in Egilsstadir, driven mainly by Groceries & Markets.

The two cities straddle the global median: Mexico City is 21% above, Egilsstadir is 54% below.

Meal at Budget Restaurant

$11.92 MX$205

Three-Course Dinner for Two, Mid-Range

$51.6 MX$886

Fast Food Meal (McDonalds, etc)

$11.41 MX$196

Cappuccino

$3.99 MX$68.6

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

$1.66 MX$28.48

Water (0.33 liter bottle)

$1.33 MX$22.77

Local Beer (0.5 liter draught)

$3.47 MX$59.6

Imported Beer (0.33 liter bottle)

$5.90 MX$101

Milk (1 liter)

$1.88 MX$32.21

$1.75 ISK 213

7.43%

White Bread (500g)

$3.25 MX$55.9

$2.89 ISK 352

12.46%

Rice (white) (1kg)

$2.16 MX$37.10

$2.38 ISK 290

-9.24%

Eggs

$2.90 MX$49.72

$5.98 ISK 728

-51.51%

Local Cheese (1kg)

$12.86 MX$221

$21.61 ISK 2,633

-40.49%

Chicken Fillets (1kg)

$10.05 MX$173

$32.13 ISK 3,914

-68.72%

Beef Round Steak (1kg)

$15.86 MX$272

$44.62 ISK 5,434

-64.46%

Apples (1kg)

$3.29 MX$56.6

$2.64 ISK 322

24.62%

Banana (1kg)

$2.01 MX$34.44

$2.53 ISK 308

-20.55%

Oranges (1kg)

$2.20 MX$37.76

$2.49 ISK 303

-11.65%

Tomato (1kg)

$2.36 MX$40.44

$3.90 ISK 475

-39.49%

Potato (1kg)

$2.05 MX$35.27

$4.34 ISK 528

-52.76%

Onion (1kg)

$1.90 MX$32.64

$2.16 ISK 263

-12.04%

Lettuce (1 head)

$1.61 MX$27.55

$2.13 ISK 259

-24.41%

Water (1.5 liter bottle)

$1.40 MX$23.98

$2.25 ISK 274

-37.78%

Cigarettes 20 Pack (Marlboro, Camel)

$5.46 MX$93.8

Wine (Bottle)

$17.65 MX$303

$22.18 ISK 2,702

-20.42%

Local Beer (0.5 liter bottle)

$2.06 MX$35.28

$3.93 ISK 478

-47.58%

Imported Beer (0.33 liter bottle)

$4.68 MX$80.4

$3.52 ISK 428

32.95%

One-way Ticket (Public Transport)

$0.34 MX$5.81

Public Transport Monthly Pass (Regular Price)

$20.81 MX$357

Taxi Start (Normal Tariff)

$2.10 MX$35.99

$6.24 ISK 760

-66.35%

Taxi (Normal Tariff) (1km)

$0.56 MX$9.60

Taxi 1hour Waiting (Normal Tariff)

$5.81 MX$99.8

Gasoline (1 liter)

$1.61 MX$27.56

$2.46 ISK 300

-34.55%

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

$22.8K MX$392.1K

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

$26.8K MX$459.2K

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

$65.2 MX$1,119

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

$30.09 MX$517

Internet (50+ Mbps, Unlimited Data)

$37.18 MX$638

Gym Membership (Monthly)

$59.8 MX$1,026

Tennis Court (1 Hour on Weekend)

$26.55 MX$456

Cinema Ticket

$7.04 MX$121

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

$465 MX$7,976

International Primary School, 1 Child (Yearly)

$13.3K MX$227.8K

Jeans (Levis 501 Or Similar)

$75.9 MX$1,303

Summer Dress (H&M, Zara, etc)

$56.0 MX$960

Sport Shoes (Adidas, Nike)

$112 MX$1,920

Men's Leather Business Shoes

$121 MX$2,068

1-bedroom Apartment, City Center (Monthly)

$1,103 MX$18.9K

1-bedroom Apartment, Outside City Center (Monthly)

$721 MX$12.4K

3-bedroom Apartment, City Center (Monthly)

$2,530 MX$43.4K

3-bedroom Apartment, Outside City Center (Monthly)

$1,293 MX$22.2K

Buy Apartment in City Center (m2)

$3,991 MX$68.5K

Buy Apartment Outside City Center (m2)

$2,090 MX$35.9K

Average Monthly Net Salary (After Tax)

$1,037 MX$17.8K

20-Year Fixed Mortgage Interest Rate (Annual %)

11.3

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

Last update for Mexico City: September 14, 2026

Last update for Egilsstadir: September 13, 2026

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 Egilsstadir: Cost of Living - Frequently Asked Questions

Egilsstadir is cheaper overall, especially in Eating Out, Clothing & Footwear, Sport & Entertainment, Monthly Utilities & Internet, Getting Around. The 163% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $2,489 in Mexico City and $948 in Egilsstadir 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.

Shoppers in Mexico City pay roughly 80% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $1,660 per month in Mexico City versus $632 in Egilsstadir – a 163% gap that adds up to real savings over time for anyone picking the cheaper option.

At $632 in Egilsstadir versus $1,660 in Mexico City, a $1,500 budget is realistic in Egilsstadir but tight or insufficient in Mexico City. The gap between the two cities makes Egilsstadir the clear choice for anyone on this budget.

For families, Egilsstadir is more practical. Housing and childcare are both notably cheaper than in Mexico City, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Mexico City and Egilsstadir are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Egilsstadir gentler on the wallet – expenses run 163% less than in Mexico City. Beyond cost, consider language, visa policies, and how big the international community is in each city.