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

🙂 Solo nomad: Mexico City is 44.9% cheaper than Grundarfjordur without rent, and 10.2% cheaper with rent.

🙂 Family of 3: Mexico City is 41.7% cheaper than Grundarfjordur without rent, and 20% cheaper with rent.

Meal at Budget Restaurant

$13.38 MX$253

$26.89 ISK 3,354

-50.24%

Three-Course Dinner for Two, Mid-Range

$52.7 MX$997

$143 ISK 17.8K

-63.12%

Fast Food Meal (McDonalds, etc)

$9.31 MX$176

$22.13 ISK 2,761

-57.93%

Cappuccino

$3.61 MX$68.3

$6.16 ISK 769

-41.40%

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

$1.64 MX$30.91

$3.24 ISK 404

-49.38%

Water (0.33 liter bottle)

$1.12 MX$21.14

$2.51 ISK 313

-55.38%

Local Beer (0.5 liter draught)

$3.26 MX$61.7

$12.69 ISK 1,583

-74.31%

Imported Beer (0.33 liter bottle)

$4.82 MX$91.1

$11.45 ISK 1,428

-57.90%

Milk (1 liter)

$1.65 MX$31.24

$1.93 ISK 241

-14.51%

White Bread (500g)

$2.74 MX$51.7

$4.39 ISK 547

-37.59%

Rice (white) (1kg)

$1.92 MX$36.28

$3.67 ISK 458

-47.68%

Eggs

$2.51 MX$47.53

$6.52 ISK 814

-61.50%

Local Cheese (1kg)

$9.89 MX$187

$18.17 ISK 2,266

-45.57%

Chicken Fillets (1kg)

$8.39 MX$159

$24.29 ISK 3,030

-65.46%

Beef Round Steak (1kg)

$11.95 MX$226

$41.67 ISK 5,198

-71.32%

Apples (1kg)

$2.87 MX$54.3

$3.24 ISK 404

-11.42%

Banana (1kg)

$1.74 MX$32.85

$2.5 ISK 311

-30.40%

Oranges (1kg)

$2 MX$37.81

$2.99 ISK 373

-33.11%

Tomato (1kg)

$2.07 MX$39.14

$4.97 ISK 621

-58.35%

Potato (1kg)

$2.05 MX$38.78

$3.68 ISK 459

-44.29%

Onion (1kg)

$2.18 MX$41.22

$2.39 ISK 298

-8.79%

Lettuce (1 head)

$1.38 MX$26.16

$3.15 ISK 393

-56.19%

Water (1.5 liter bottle)

$1.11 MX$21.06

$1.95 ISK 243

-43.08%

Cigarettes 20 Pack (Marlboro, Camel)

$4.16 MX$78.6

$13.79 ISK 1,720

-69.83%

Wine (Bottle)

$11.05 MX$209

$24.42 ISK 3,047

-54.75%

Local Beer (0.5 liter bottle)

$1.75 MX$33.16

$3.73 ISK 466

-53.08%

Imported Beer (0.33 liter bottle)

$3.7 MX$70

$3.32 ISK 414

11.45%

One-way Ticket (Public Transport)

$0.38 MX$7.25

Public Transport Monthly Pass (Regular Price)

$18.97 MX$359

Taxi Start (Normal Tariff)

$1.36 MX$25.72

$6.49 ISK 810

-79.04%

Taxi (Normal Tariff) (1km)

$0.28 MX$5.25

$2.66 ISK 331

-89.47%

Taxi 1hour Waiting (Normal Tariff)

$5.3 MX$100

$85.7 ISK 10.7K

-93.81%

Gasoline (1 liter)

$1.36 MX$25.63

$2.43 ISK 304

-44.03%

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

$18.8K MX$354.6K

$47.9K ISK 6M

-60.88%

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

$23.4K MX$441.7K

$52.3K ISK 6.5M

-55.33%

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

$39.97 MX$756

$88.5 ISK 11K

-54.84%

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

$27.48 MX$519

$27.54 ISK 3,436

-0.22%

Internet (50+ Mbps, Unlimited Data)

$30.22 MX$571

$83.9 ISK 10.5K

-63.97%

Gym Membership (Monthly)

$52.6 MX$994

Tennis Court (1 Hour on Weekend)

$26.84 MX$507

Cinema Ticket

$6.32 MX$120

$17.39 ISK 2,170

-63.66%

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

$437 MX$8,258

$318 ISK 39.6K

37.56%

International Primary School, 1 Child (Yearly)

$10.6K MX$199.9K

$30.7K ISK 3.8M

-65.54%

Jeans (Levis 501 Or Similar)

$57.2 MX$1,082

$139 ISK 17.3K

-58.74%

Summer Dress (H&M, Zara, etc)

$45.14 MX$853

$61 ISK 7,607

-25.98%

Sport Shoes (Adidas, Nike)

$102 MX$1,928

$183 ISK 22.8K

-44.16%

Men's Leather Business Shoes

$109 MX$2,056

$268 ISK 33.4K

-59.39%

1-bedroom Apartment, City Center (Monthly)

$1,000 MX$18.9K

1-bedroom Apartment, Outside City Center (Monthly)

$622 MX$11.8K

3-bedroom Apartment, City Center (Monthly)

$2,160 MX$40.8K

3-bedroom Apartment, Outside City Center (Monthly)

$1,235 MX$23.3K

Buy Apartment in City Center (m2)

$3,566 MX$67.4K

Buy Apartment Outside City Center (m2)

$2,480 MX$46.9K

$1,147 ISK 143.1K

116.20%

Average Monthly Net Salary (After Tax)

$867 MX$16.4K

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: October 28, 2025

Last update for Grundarfjordur: October 27, 2025

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