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

🙂 Solo nomad: Mexico City is 43.4% cheaper than Grundarfjordur without rent, and 10.4% cheaper with rent.

🙂 Family of 3: Mexico City is 53.7% cheaper than Grundarfjordur without rent, and 19.8% cheaper with rent.

Meal at Budget Restaurant

$13.12 MX$235

$27.16 ISK 3,399

-51.69%

Three-Course Dinner for Two, Mid-Range

$53.8 MX$963

$146 ISK 18.2K

-63.07%

Fast Food Meal (McDonalds, etc)

$9.40 MX$168

$22.44 ISK 2,809

-58.11%

Cappuccino

$3.56 MX$63.8

$6.02 ISK 753

-40.86%

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

$1.60 MX$28.69

$3.26 ISK 408

-50.92%

Water (0.33 liter bottle)

$1.15 MX$20.67

$2.55 ISK 319

-54.90%

Local Beer (0.5 liter draught)

$3.16 MX$56.5

$12.75 ISK 1,596

-75.22%

Imported Beer (0.33 liter bottle)

$4.85 MX$86.7

$11.37 ISK 1,423

-57.34%

Milk (1 liter)

$1.63 MX$29.25

$1.97 ISK 246

-17.26%

White Bread (500g)

$2.73 MX$48.94

$4.31 ISK 539

-36.66%

Rice (white) (1kg)

$1.88 MX$33.63

$3.56 ISK 446

-47.19%

Eggs

$2.63 MX$47.10

$6.44 ISK 806

-59.16%

Local Cheese (1kg)

$9.89 MX$177

$17.88 ISK 2,237

-44.69%

Chicken Fillets (1kg)

$8.40 MX$150

$23.87 ISK 2,987

-64.81%

Beef Round Steak (1kg)

$11.63 MX$208

$42.87 ISK 5,365

-72.87%

Apples (1kg)

$2.97 MX$53.2

$3.26 ISK 408

-8.90%

Banana (1kg)

$1.78 MX$31.94

$2.44 ISK 306

-27.05%

Oranges (1kg)

$2.06 MX$36.79

$2.97 ISK 371

-30.64%

Tomato (1kg)

$1.97 MX$35.35

$4.97 ISK 622

-60.36%

Potato (1kg)

$2.09 MX$37.34

$3.70 ISK 463

-43.51%

Onion (1kg)

$2.26 MX$40.44

$2.44 ISK 305

-7.38%

Lettuce (1 head)

$1.46 MX$26.10

$3.02 ISK 378

-51.66%

Water (1.5 liter bottle)

$1.09 MX$19.51

$2.00 ISK 250

-45.50%

Cigarettes 20 Pack (Marlboro, Camel)

$4.34 MX$77.7

$13.88 ISK 1,737

-68.73%

Wine (Bottle)

$13.62 MX$244

$23.75 ISK 2,971

-42.65%

Local Beer (0.5 liter bottle)

$1.67 MX$29.96

$3.55 ISK 444

-52.96%

Imported Beer (0.33 liter bottle)

$3.54 MX$63.4

$3.37 ISK 422

5.04%

One-way Ticket (Public Transport)

$0.36 MX$6.44

Public Transport Monthly Pass (Regular Price)

$18.96 MX$339

Taxi Start (Normal Tariff)

$1.32 MX$23.69

$6.37 ISK 798

-79.28%

Taxi (Normal Tariff) (1km)

$0.30 MX$5.39

$2.65 ISK 332

-88.68%

Taxi 1hour Waiting (Normal Tariff)

$5.49 MX$98.2

$84.5 ISK 10.6K

-93.50%

Gasoline (1 liter)

$1.34 MX$23.93

$2.53 ISK 316

-47.04%

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

$19.1K MX$342.2K

$46.5K ISK 5.8M

-58.89%

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

$23.8K MX$425.4K

$51.5K ISK 6.4M

-53.86%

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

$41.11 MX$736

$86.3 ISK 10.8K

-52.34%

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

$27.78 MX$497

$27.56 ISK 3,449

0.80%

Internet (50+ Mbps, Unlimited Data)

$30.00 MX$537

$83.9 ISK 10.5K

-64.24%

Gym Membership (Monthly)

$53.5 MX$958

Tennis Court (1 Hour on Weekend)

$26.13 MX$468

Cinema Ticket

$6.28 MX$112

$17.84 ISK 2,232

-64.80%

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

$439 MX$7,865

$315 ISK 39.4K

39.39%

International Primary School, 1 Child (Yearly)

$10.7K MX$192.3K

$29.9K ISK 3.7M

-64.03%

Jeans (Levis 501 Or Similar)

$57.1 MX$1,022

$139 ISK 17.5K

-59.04%

Summer Dress (H&M, Zara, etc)

$45.30 MX$811

$61.0 ISK 7,638

-25.79%

Sport Shoes (Adidas, Nike)

$104 MX$1,866

$179 ISK 22.4K

-41.82%

Men's Leather Business Shoes

$108 MX$1,938

$267 ISK 33.4K

-59.45%

1-bedroom Apartment, City Center (Monthly)

$996 MX$17.8K

1-bedroom Apartment, Outside City Center (Monthly)

$624 MX$11.2K

3-bedroom Apartment, City Center (Monthly)

$2,106 MX$37.7K

3-bedroom Apartment, Outside City Center (Monthly)

$1,218 MX$21.8K

Buy Apartment in City Center (m2)

$3,799 MX$68.0K

Buy Apartment Outside City Center (m2)

$2,230 MX$39.9K

$1,171 ISK 146.6K

90.39%

Average Monthly Net Salary (After Tax)

$1,096 MX$19.6K

20-Year Fixed Mortgage Interest Rate (Annual %)

11.34

9.63

17.76%

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

Last update for Mexico City: March 1, 2026

Last update for Grundarfjordur: March 3, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

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