Last update: Oct 2026

Cost of Living Comparison Between Mexico City and Florence

For one person, living is cheaper in Mexico City: $1,608 a month against $2,435 in Florence, rent and utilities included – about $9,900 less a year. Rent and utilities account for most of the difference.

78

Cost of Living Index in Mexico City
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Mexico City Living Index
117

Cost of Living Index in Florence
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Florence Living Index

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Mexico City

🇲🇽 Mexico

$1,608

/mo nomad

Florence

🇮🇹 Italy

$2,435

/mo nomad

Monthly Cost of Living

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

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

A single person spends $1,608 per month in Mexico City vs $2,435 in Florence, rent included.

Mexico City $1,608
Florence $2,435

A couple spends around $2,549 per month in Mexico City vs $3,689 in Florence, rent included.

Mexico City $2,549
Florence $3,689

A family of three spends $3,490 per month in Mexico City vs $4,944 in Florence, rent included.

Mexico City $3,490
Florence $4,944

Mexico City is about 34% cheaper than Florence, and outside of rent the biggest gap is in eating out.

Both Mexico City and Florence sit above the global median – Mexico City by 18%, Florence by 79%.

Meal at Budget Restaurant

$10.62 MX$200

$27.07 €24.26

-60.77%

Three-Course Dinner for Two, Mid-Range

$48.35 MX$909

$77.2 €69.2

-37.35%

Fast Food Meal (McDonalds, etc)

$10.35 MX$194

$14.74 €13.21

-29.78%

Cappuccino

$3.69 MX$69.4

$2.30 €2.06

60.43%

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

$1.67 MX$31.32

$3.24 €2.90

-48.46%

Water (0.33 liter bottle)

$1.27 MX$23.78

$1.43 €1.28

-11.19%

Local Beer (0.5 liter draught)

$3.19 MX$60.0

$6.82 €6.11

-53.23%

Imported Beer (0.33 liter bottle)

$5.31 MX$99.7

$7.74 €6.94

-31.40%

Milk (1 liter)

$1.72 MX$32.41

$1.84 €1.65

-6.52%

White Bread (500g)

$3.04 MX$57.1

$2.53 €2.27

20.16%

Rice (white) (1kg)

$1.94 MX$36.48

$2.87 €2.57

-32.40%

Eggs

$2.89 MX$54.3

$4.65 €4.17

-37.85%

Local Cheese (1kg)

$10.97 MX$206

$26.22 €23.50

-58.16%

Chicken Fillets (1kg)

$9.25 MX$174

$12.16 €10.90

-23.93%

Beef Round Steak (1kg)

$15.13 MX$284

$25.50 €22.85

-40.67%

Apples (1kg)

$3.05 MX$57.3

$2.98 €2.67

2.35%

Banana (1kg)

$1.94 MX$36.48

$2.57 €2.31

-24.51%

Oranges (1kg)

$2.03 MX$38.06

$3.28 €2.94

-38.11%

Tomato (1kg)

$2.31 MX$43.50

$3.18 €2.85

-27.36%

Potato (1kg)

$2.04 MX$38.25

$2.28 €2.04

-10.53%

Onion (1kg)

$1.80 MX$33.83

$1.84 €1.65

-2.17%

Lettuce (1 head)

$1.48 MX$27.80

$1.83 €1.64

-19.13%

Water (1.5 liter bottle)

$1.27 MX$23.82

$0.66 €0.59

92.42%

Cigarettes 20 Pack (Marlboro, Camel)

$5.30 MX$99.7

$7.36 €6.59

-27.99%

Wine (Bottle)

$16.10 MX$303

$7.92 €7.09

103.28%

Local Beer (0.5 liter bottle)

$1.98 MX$37.27

$1.99 €1.79

-0.50%

Imported Beer (0.33 liter bottle)

$4.25 MX$79.9

$3.07 €2.75

38.44%

One-way Ticket (Public Transport)

$0.31 MX$5.73

$1.95 €1.75

-84.10%

Public Transport Monthly Pass (Regular Price)

$19.73 MX$371

$42.87 €38.42

-53.98%

Taxi Start (Normal Tariff)

$1.84 MX$34.53

$3.72 €3.34

-50.54%

Taxi (Normal Tariff) (1km)

$0.53 MX$10.03

$1.20 €1.08

-55.83%

Taxi 1hour Waiting (Normal Tariff)

$5.30 MX$99.5

$31.25 €28.00

-83.04%

Gasoline (1 liter)

$1.51 MX$28.39

$2.17 €1.94

-30.41%

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

$21.8K MX$408.8K

$36.2K €32.5K

-39.96%

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

$24.0K MX$450.8K

$37.5K €33.6K

-36.02%

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

$63.0 MX$1,184

$243 €218

-74.10%

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

$27.39 MX$515

$11.82 €10.60

131.73%

Internet (50+ Mbps, Unlimited Data)

$35.67 MX$670

$33.27 €29.82

7.21%

Gym Membership (Monthly)

$58.9 MX$1,108

$60.1 €53.8

-1.88%

Tennis Court (1 Hour on Weekend)

$23.64 MX$444

$20.77 €18.61

13.82%

Cinema Ticket

$6.40 MX$120

$11.28 €10.10

-43.26%

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

$432 MX$8,111

$768 €688

-43.79%

International Primary School, 1 Child (Yearly)

$11.4K MX$214.7K

$17.0K €15.3K

-32.92%

Jeans (Levis 501 Or Similar)

$68.2 MX$1,282

$97.8 €87.6

-30.21%

Summer Dress (H&M, Zara, etc)

$53.1 MX$999

$39.25 €35.17

35.36%

Sport Shoes (Adidas, Nike)

$108 MX$2,026

$108 €96.6

-0.03%

Men's Leather Business Shoes

$117 MX$2,204

$149 €133

-21.06%

1-bedroom Apartment, City Center (Monthly)

$1,113 MX$20.9K

$1,552 €1,391

-28.27%

1-bedroom Apartment, Outside City Center (Monthly)

$710 MX$13.4K

$1,063 €953

-33.17%

3-bedroom Apartment, City Center (Monthly)

$2,588 MX$48.6K

$2,707 €2,425

-4.38%

3-bedroom Apartment, Outside City Center (Monthly)

$1,406 MX$26.4K

$1,858 €1,665

-24.32%

Buy Apartment in City Center (m2)

$3,631 MX$68.2K

$6,362 €5,701

-42.93%

Buy Apartment Outside City Center (m2)

$2,135 MX$40.1K

$4,104 €3,678

-47.98%

Average Monthly Net Salary (After Tax)

$946 MX$17.8K

$1,982 €1,776

-52.26%

20-Year Fixed Mortgage Interest Rate (Annual %)

11.35

3.16

259.18%

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

Last update for Mexico City: October 25, 2026

Last update for Florence: October 24, 2026

Monthly budget structure

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

Accommodation & Living

Mexico City

$710 44.2%

Florence

$1.1K 43.7% 49.6% $353

Groceries & Markets

Mexico City

$320 19.9%

Florence

$407 16.7% 27.3% $87

Eating Out

Mexico City

$199 12.4%

Florence

$357 14.7% 79.6% $158

Clothing & Footwear

Mexico City

$156 9.7%

Florence

$177 7.3% 13.6% $21

Monthly Utilities & Internet

Mexico City

$126 7.8%

Florence

$288 11.8% 129% $162

Sport & Entertainment

Mexico City

$72 4.5%

Florence

$83 3.4% 15.2% $11

Getting Around

Mexico City

$25 1.6%

Florence

$60 2.5% 137% $35

Cost Breakdown

A central one-bedroom costs $1,113 in Mexico City versus $1,552 in Florence. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries in Florence are about 2.1 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $48 in Mexico City versus $77 in Florence. Monthly groceries follow the same trend: $320 vs $407 – making Mexico City the more affordable choice for daily food spending.

Good to know

🇲🇽 Mexico City

🇮🇹 Florence

🕒 Local time

01:04 1:04 AM

08:04 8:04 AM

7 h ahead of Mexico City

🌤 Weather

👥 Population

9,209,944 Capital

382,808

💱 Currency

Mexican Peso MXN $

Euro EUR €

📈 Exchange rate

100 MXN = 5.32 USD

100 MXN = 4.77 EUR

1 EUR = 1.12 USD

Exchange rates and currency converter

EUR, USD 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 = 20.98 MXN (100 MXN = 4.77 EUR).

Euro exchange rates as of November 2, 2026: 1 USD = 0.896 EUR (1 EUR = 1.12 USD).

USD to MXN in detail →

On the map

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Between locations

Mexico City Florence 10,050 km ≈ 13 h nonstop flight

From you

Mexico City
Florence

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 Florence: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $1,608 in Mexico City, $2,435 in Florence – Mexico City comes out roughly 34% cheaper. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $2,412 per month in Mexico City and $3,652 in Florence. 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 $1,552 in Florence.

Monthly expenses with rent come to $1,608 in Mexico City and $2,435 in Florence. That makes Mexico City about 34% cheaper.

Public transport costs about 54% less in Mexico City. For daily commuters, that gap adds up to noticeable savings over a year.

$3,000 covers both cities comfortably – all-in costs are $1,608 in Mexico City and $2,435 in Florence, leaving budget for savings and extras in both cases.

Families tend to lean toward Mexico City – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

If budget matters most, go with Mexico City. If higher salaries or specific career opportunities are the priority, Florence makes more sense. Both are solid long-term options with distinct trade-offs.