Last update: Oct 2026

Cost of Living Comparison Between Mexico City and Iceland

Name: Iceland
Address: IS

For one person, living is cheaper in Mexico City: $1,561 a month against $3,841 in Iceland, rent and utilities included – about $27,400 less a year. Rent and utilities account for most of the difference.

77

Cost of Living Index in Mexico City
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Mexico City Living Index
185

Cost of Living Index in Iceland
Learn more

Iceland Living Index

Jump to prices

Mexico City

🇲🇽 Mexico

$1,561

/mo nomad

🇮🇸 Iceland

$3,841

/mo nomad

🙂 Solo nomad: Mexico City is 50.7% cheaper than Iceland without rent, and 59.4% cheaper with rent.

🙂 Family of 3: Mexico City is 52% cheaper than Iceland without rent, and 53% cheaper with rent.

Meal at Budget Restaurant

$11.12 MX$204

$27.37 ISK 3,337

-59.37%

Three-Course Dinner for Two, Mid-Range

$48.99 MX$900

$125 ISK 15.2K

-60.76%

Fast Food Meal (McDonalds, etc)

$11.23 MX$206

$24.08 ISK 2,937

-53.36%

Cappuccino

$3.76 MX$69.0

$6.19 ISK 755

-39.26%

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

$1.65 MX$30.34

$3.15 ISK 384

-47.62%

Water (0.33 liter bottle)

$1.28 MX$23.48

$2.99 ISK 365

-57.19%

Local Beer (0.5 liter draught)

$3.26 MX$59.8

$12.47 ISK 1,521

-73.86%

Imported Beer (0.33 liter bottle)

$5.66 MX$104

$12.50 ISK 1,524

-54.72%

Milk (1 liter)

$1.81 MX$33.23

$2.11 ISK 258

-14.22%

White Bread (500g)

$2.94 MX$54.0

$4.09 ISK 499

-28.12%

Rice (white) (1kg)

$2.05 MX$37.62

$3.45 ISK 421

-40.58%

Eggs

$2.93 MX$53.7

$7.23 ISK 882

-59.47%

Local Cheese (1kg)

$11.95 MX$219

$20.83 ISK 2,541

-42.63%

Chicken Fillets (1kg)

$9.51 MX$175

$24.61 ISK 3,001

-61.36%

Beef Round Steak (1kg)

$14.84 MX$273

$42.36 ISK 5,166

-64.97%

Apples (1kg)

$3.14 MX$57.7

$3.17 ISK 387

-0.95%

Banana (1kg)

$2.01 MX$36.99

$2.72 ISK 332

-26.10%

Oranges (1kg)

$2.08 MX$38.10

$3.20 ISK 390

-35.00%

Tomato (1kg)

$2.22 MX$40.72

$5.94 ISK 724

-62.63%

Potato (1kg)

$2.06 MX$37.82

$3.96 ISK 483

-47.98%

Onion (1kg)

$1.88 MX$34.46

$1.85 ISK 226

1.62%

Lettuce (1 head)

$1.48 MX$27.18

$3.62 ISK 441

-59.12%

Water (1.5 liter bottle)

$1.35 MX$24.70

$1.93 ISK 236

-30.05%

Cigarettes 20 Pack (Marlboro, Camel)

$5.41 MX$99.3

$14.12 ISK 1,721

-61.69%

Wine (Bottle)

$16.86 MX$310

$23.36 ISK 2,849

-27.83%

Local Beer (0.5 liter bottle)

$1.98 MX$36.43

$3.72 ISK 454

-46.77%

Imported Beer (0.33 liter bottle)

$4.32 MX$79.4

$3.25 ISK 396

32.92%

One-way Ticket (Public Transport)

$0.34 MX$6.33

$5.54 ISK 676

-93.86%

Public Transport Monthly Pass (Regular Price)

$20.23 MX$371

$92.7 ISK 11.3K

-78.17%

Taxi Start (Normal Tariff)

$2.10 MX$38.47

$6.87 ISK 838

-69.43%

Taxi (Normal Tariff) (1km)

$0.53 MX$9.74

$2.90 ISK 354

-81.72%

Taxi 1hour Waiting (Normal Tariff)

$5.41 MX$99.3

$81.6 ISK 9,947

-93.37%

Gasoline (1 liter)

$1.52 MX$27.91

$2.36 ISK 288

-35.59%

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

$21.7K MX$399.0K

$50.2K ISK 6.1M

-56.73%

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

$24.8K MX$455.6K

$53.5K ISK 6.5M

-53.65%

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

$63.0 MX$1,156

$96.5 ISK 11.8K

-34.76%

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

$28.88 MX$530

$30.37 ISK 3,704

-4.91%

Internet (50+ Mbps, Unlimited Data)

$33.93 MX$623

$88.0 ISK 10.7K

-61.42%

Gym Membership (Monthly)

$55.8 MX$1,024

$89.8 ISK 11.0K

-37.91%

Tennis Court (1 Hour on Weekend)

$24.90 MX$457

$50.7 ISK 6,183

-50.89%

Cinema Ticket

$6.77 MX$124

$18.98 ISK 2,314

-64.33%

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

$428 MX$7,854

$1,053 ISK 128.4K

-59.39%

International Primary School, 1 Child (Yearly)

$11.9K MX$218.0K

$30.4K ISK 3.7M

-60.97%

Jeans (Levis 501 Or Similar)

$70.0 MX$1,286

$154 ISK 18.8K

-54.66%

Summer Dress (H&M, Zara, etc)

$53.7 MX$986

$48.13 ISK 5,869

11.64%

Sport Shoes (Adidas, Nike)

$110 MX$2,016

$175 ISK 21.4K

-37.39%

Men's Leather Business Shoes

$115 MX$2,115

$231 ISK 28.2K

-50.17%

1-bedroom Apartment, City Center (Monthly)

$1,062 MX$19.5K

$2,476 ISK 301.9K

-57.09%

1-bedroom Apartment, Outside City Center (Monthly)

$671 MX$12.3K

$1,968 ISK 240.0K

-65.92%

3-bedroom Apartment, City Center (Monthly)

$2,379 MX$43.7K

$3,333 ISK 406.4K

-28.61%

3-bedroom Apartment, Outside City Center (Monthly)

$1,260 MX$23.1K

$2,708 ISK 330.2K

-53.46%

Buy Apartment in City Center (m2)

$3,716 MX$68.2K

$7,695 ISK 938.4K

-51.71%

Buy Apartment Outside City Center (m2)

$1,976 MX$36.3K

$6,295 ISK 767.7K

-68.61%

Average Monthly Net Salary (After Tax)

$997 MX$18.3K

$4,795 ISK 584.8K

-79.21%

20-Year Fixed Mortgage Interest Rate (Annual %)

11.3

9.29

21.64%

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

Last update for Mexico City: October 6, 2026

Last update for Iceland: October 3, 2026

Monthly budget structure

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

Accommodation & Living

Mexico City

$671 42.4%

Iceland

$2K 51.6% 193% $1.3K

Groceries & Markets

Mexico City

$327 20.7%

Iceland

$617 16.2% 88.8% $290

Eating Out

Mexico City

$207 13.1%

Iceland

$477 12.5% 131% $270

Clothing & Footwear

Mexico City

$157 9.9%

Iceland

$274 7.2% 74.7% $117

Monthly Utilities & Internet

Mexico City

$126 8%

Iceland

$215 5.6% 70.8% $89

Sport & Entertainment

Mexico City

$69 4.4%

Iceland

$128 3.4% 84.3% $58

Getting Around

Mexico City

$26 1.7%

Iceland

$136 3.6% 417% $110

Good to know

🇲🇽 Mexico City

🇮🇸 Iceland

🕒 Local time

03:42 3:42 AM

09:42 9:42 AM

6 h ahead of Mexico City

🌤 Weather

👥 Population

9,209,944 Capital

364,260

💱 Currency

Mexican Peso MXN $

Icelandic Króna ISK kr

📈 Exchange rate

100 MXN = 5.45 USD

100 MXN = 4.86 EUR

1,000 ISK = 8.2 USD

1,000 ISK = 7.32 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 October 10, 2026: 1 USD = 18.36 MXN (100 MXN = 5.45 USD). 1 EUR = 20.57 MXN (100 MXN = 4.86 EUR).

Icelandic Króna exchange rates as of October 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.2 USD). 1 EUR = 137 ISK (1,000 ISK = 7.32 EUR).

USD to MXN in detail →

On the map

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Between locations

Mexico City Iceland 7,450 km ≈ 10 h nonstop flight

From you

Mexico City
Iceland

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

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