Last update: Nov 2026

Cost of Living Comparison Between Mexico City and Egilsstadir

For one person, living is cheaper in Egilsstadir: $625 a month against $1,674 in Mexico City, rent and utilities included – about $12,600 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

$1,674

/mo nomad

Egilsstadir

🇮🇸 Iceland

$625

/mo nomad

Monthly Cost of Living

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

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

Monthly costs for one person with rent: $1,674 in Mexico City versus $625 in Egilsstadir.

Mexico City $1,674
Egilsstadir $625

Estimated couple costs with rent: $2,606 in Mexico City versus $1,041 in Egilsstadir.

Mexico City $2,606
Egilsstadir $1,041

Monthly costs for a family of three with rent: $3,537 in Mexico City versus $1,458 in Egilsstadir.

Mexico City $3,537
Egilsstadir $1,458

Living in Mexico City is roughly 168% more expensive than in Egilsstadir, and outside of rent the biggest gap is in transport.

The two cities straddle the global median: Mexico City is 24% above, Egilsstadir is 54% below.

Meal at Budget Restaurant

$10.59 MX$199

Three-Course Dinner for Two, Mid-Range

$52.0 MX$978

Fast Food Meal (McDonalds, etc)

$10.73 MX$202

Cappuccino

$3.80 MX$71.4

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

$1.61 MX$30.35

Water (0.33 liter bottle)

$1.21 MX$22.81

Local Beer (0.5 liter draught)

$3.18 MX$59.8

Imported Beer (0.33 liter bottle)

$5.44 MX$102

Milk (1 liter)

$1.72 MX$32.32

$1.72 ISK 210

White Bread (500g)

$2.97 MX$55.8

$2.94 ISK 357

1.02%

Rice (white) (1kg)

$1.93 MX$36.24

$2.40 ISK 292

-19.58%

Eggs

$2.77 MX$52.2

$5.92 ISK 719

-53.21%

Local Cheese (1kg)

$11.67 MX$220

$21.95 ISK 2,667

-46.83%

Chicken Fillets (1kg)

$9.48 MX$178

$32.40 ISK 3,937

-70.74%

Beef Round Steak (1kg)

$15.37 MX$289

$44.15 ISK 5,364

-65.19%

Apples (1kg)

$3.10 MX$58.4

$2.69 ISK 327

15.24%

Banana (1kg)

$1.96 MX$36.90

$2.40 ISK 292

-18.33%

Oranges (1kg)

$1.98 MX$37.30

$2.52 ISK 306

-21.43%

Tomato (1kg)

$2.34 MX$43.95

$3.71 ISK 450

-36.93%

Potato (1kg)

$2.02 MX$38.08

$4.31 ISK 524

-53.13%

Onion (1kg)

$1.82 MX$34.34

$2.08 ISK 252

-12.50%

Lettuce (1 head)

$1.54 MX$29.06

$2.16 ISK 263

-28.70%

Water (1.5 liter bottle)

$1.31 MX$24.70

$2.23 ISK 271

-41.26%

Cigarettes 20 Pack (Marlboro, Camel)

$5.35 MX$101

Wine (Bottle)

$16.19 MX$305

$21.91 ISK 2,662

-26.11%

Local Beer (0.5 liter bottle)

$1.96 MX$36.87

$3.77 ISK 458

-48.01%

Imported Beer (0.33 liter bottle)

$4.35 MX$81.9

$3.48 ISK 423

25.00%

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

$6.07 ISK 738

-68.37%

Taxi (Normal Tariff) (1km)

$0.47 MX$8.90

Taxi 1hour Waiting (Normal Tariff)

$5.41 MX$102

Gasoline (1 liter)

$1.48 MX$27.92

$2.44 ISK 296

-39.34%

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

$21.4K MX$402.2K

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

$23.8K MX$447.1K

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

$62.0 MX$1,167

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

$28.47 MX$536

Internet (50+ Mbps, Unlimited Data)

$34.11 MX$642

Gym Membership (Monthly)

$58.4 MX$1,099

Tennis Court (1 Hour on Weekend)

$24.50 MX$461

Cinema Ticket

$6.59 MX$124

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

$434 MX$8,172

International Primary School, 1 Child (Yearly)

$14.0K MX$264.1K

Jeans (Levis 501 Or Similar)

$68.4 MX$1,286

Summer Dress (H&M, Zara, etc)

$54.8 MX$1,031

Sport Shoes (Adidas, Nike)

$111 MX$2,086

Men's Leather Business Shoes

$116 MX$2,183

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

20-Year Fixed Mortgage Interest Rate (Annual %)

11.35

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

Last update for Mexico City: November 1, 2026

Last update for Egilsstadir: October 31, 2026

Monthly budget structure

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

Accommodation & Living

Mexico City

$771 46.1%

Egilsstadir

–

Groceries & Markets

Mexico City

$324 19.3%

Egilsstadir

–

Eating Out

Mexico City

$201 12%

Egilsstadir

–

Clothing & Footwear

Mexico City

$158 9.4%

Egilsstadir

–

Monthly Utilities & Internet

Mexico City

$125 7.4%

Egilsstadir

–

Sport & Entertainment

Mexico City

$72 4.3%

Egilsstadir

–

Getting Around

Mexico City

$25 1.5%

Egilsstadir

–

Good to know

🇲🇽 Mexico City

🇮🇸 Egilsstadir

🕒 Local time

04:56 4:56 AM

10:56 10:56 AM

6 h ahead of Mexico City

🌤 Weather

👥 Population

9,209,944 Capital

2,500

💱 Currency

Mexican Peso MXN $

Icelandic Króna ISK kr

📈 Exchange rate

100 MXN = 5.31 USD

100 MXN = 4.74 EUR

1,000 ISK = 8.23 USD

1,000 ISK = 7.34 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 = 21.1 MXN (100 MXN = 4.74 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 = 7.34 EUR).

USD to MXN in detail →

On the map

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Between locations

Mexico City Egilsstadir 7,810 km ≈ 10 h nonstop flight

From you

Mexico City
Egilsstadir

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 Egilsstadir: Cost of Living - Frequently Asked Questions

Egilsstadir is about 63% cheaper overall, especially in transport. That difference adds up to real monthly savings that compound significantly over time.

You’d need roughly $2,510 in Mexico City and $937 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 48% less for everyday groceries. It’s an unusual reversal that partly offsets higher costs elsewhere.

All in, you’ll spend $1,674 per month in Mexico City versus $625 in Egilsstadir – Egilsstadir is about 63% cheaper, which adds up to real savings over time.

At $625 in Egilsstadir versus $1,674 in Mexico City, a $1,000 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.

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.