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

🙂 Solo nomad: Mexico City is 50.9% cheaper than Grundarfjordur without rent, and 8.5% cheaper with rent.

🙂 Family of 3: Mexico City is 51.4% cheaper than Grundarfjordur without rent, and 20.1% cheaper with rent.

Meal at Budget Restaurant

$13.19 MX$233

$26.40 ISK 3,325

-50.04%

Three-Course Dinner for Two, Mid-Range

$53.5 MX$944

$146 ISK 18.4K

-63.35%

Fast Food Meal (McDonalds, etc)

$9.37 MX$165

$22.44 ISK 2,826

-58.24%

Cappuccino

$3.75 MX$66.2

$6.22 ISK 784

-39.71%

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

$1.57 MX$27.71

$3.26 ISK 410

-51.84%

Water (0.33 liter bottle)

$1.11 MX$19.61

$2.61 ISK 329

-57.47%

Local Beer (0.5 liter draught)

$3.12 MX$55.1

$13.02 ISK 1,640

-76.04%

Imported Beer (0.33 liter bottle)

$4.81 MX$84.9

$11.37 ISK 1,432

-57.70%

Milk (1 liter)

$1.65 MX$29.16

$1.88 ISK 237

-12.23%

White Bread (500g)

$2.77 MX$48.87

$4.28 ISK 540

-35.28%

Rice (white) (1kg)

$1.91 MX$33.67

$3.59 ISK 452

-46.80%

Eggs

$2.60 MX$45.81

$6.36 ISK 801

-59.12%

Local Cheese (1kg)

$10.21 MX$180

$18.19 ISK 2,292

-43.87%

Chicken Fillets (1kg)

$8.46 MX$149

$23.73 ISK 2,989

-64.35%

Beef Round Steak (1kg)

$11.60 MX$205

$42.57 ISK 5,362

-72.75%

Apples (1kg)

$3.00 MX$52.9

$3.31 ISK 417

-9.37%

Banana (1kg)

$1.73 MX$30.49

$2.49 ISK 313

-30.52%

Oranges (1kg)

$2.04 MX$36.05

$3.03 ISK 381

-32.67%

Tomato (1kg)

$2.00 MX$35.34

$4.88 ISK 614

-59.02%

Potato (1kg)

$2.15 MX$37.91

$3.66 ISK 460

-41.26%

Onion (1kg)

$2.25 MX$39.71

$2.32 ISK 293

-3.02%

Lettuce (1 head)

$1.39 MX$24.57

$3.14 ISK 395

-55.73%

Water (1.5 liter bottle)

$1.07 MX$18.88

$1.99 ISK 251

-46.23%

Cigarettes 20 Pack (Marlboro, Camel)

$4.13 MX$73.0

$13.82 ISK 1,741

-70.12%

Wine (Bottle)

$12.35 MX$218

$24.19 ISK 3,047

-48.95%

Local Beer (0.5 liter bottle)

$1.70 MX$30.02

$3.73 ISK 470

-54.42%

Imported Beer (0.33 liter bottle)

$3.56 MX$62.8

$3.36 ISK 423

5.95%

One-way Ticket (Public Transport)

$0.36 MX$6.35

Public Transport Monthly Pass (Regular Price)

$18.70 MX$330

Taxi Start (Normal Tariff)

$1.36 MX$24.05

$6.50 ISK 819

-79.08%

Taxi (Normal Tariff) (1km)

$0.28 MX$4.88

$2.52 ISK 317

-88.89%

Taxi 1hour Waiting (Normal Tariff)

$5.44 MX$96.0

$85.5 ISK 10.8K

-93.64%

Gasoline (1 liter)

$1.34 MX$23.64

$2.55 ISK 321

-47.45%

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

$19.0K MX$335.5K

$46.7K ISK 5.9M

-59.28%

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

$23.3K MX$411.1K

$53.0K ISK 6.7M

-56.06%

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

$40.62 MX$717

$87.6 ISK 11.0K

-53.62%

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

$26.92 MX$475

$27.54 ISK 3,468

-2.25%

Internet (50+ Mbps, Unlimited Data)

$29.98 MX$529

$84.7 ISK 10.7K

-64.60%

Gym Membership (Monthly)

$52.2 MX$922

Tennis Court (1 Hour on Weekend)

$25.91 MX$457

Cinema Ticket

$6.39 MX$113

$17.42 ISK 2,195

-63.32%

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

$431 MX$7,603

$325 ISK 41.0K

32.35%

International Primary School, 1 Child (Yearly)

$10.4K MX$184.0K

$30.2K ISK 3.8M

-65.44%

Jeans (Levis 501 Or Similar)

$58.4 MX$1,031

$139 ISK 17.5K

-57.94%

Summer Dress (H&M, Zara, etc)

$44.65 MX$788

$61.3 ISK 7,726

-27.21%

Sport Shoes (Adidas, Nike)

$103 MX$1,823

$184 ISK 23.2K

-43.87%

Men's Leather Business Shoes

$106 MX$1,876

$267 ISK 33.6K

-60.12%

1-bedroom Apartment, City Center (Monthly)

$998 MX$17.6K

1-bedroom Apartment, Outside City Center (Monthly)

$624 MX$11.0K

3-bedroom Apartment, City Center (Monthly)

$2,108 MX$37.2K

3-bedroom Apartment, Outside City Center (Monthly)

$1,231 MX$21.7K

Buy Apartment in City Center (m2)

$3,647 MX$64.4K

Buy Apartment Outside City Center (m2)

$2,169 MX$38.3K

$1,181 ISK 148.7K

83.70%

Average Monthly Net Salary (After Tax)

$1,044 MX$18.4K

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: January 13, 2026

Last update for Grundarfjordur: January 12, 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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