Cost of Living Comparison Between Mexico City and Iqaluit, NU Cost of Living Comparison Between Mexico City and Iqaluit, NU

Monthly Cost of Living

Monthly costs for one person with rent: $1,467 in Mexico City versus $3,053 in Iqaluit, NU.

Estimated couple costs with rent: $2,371 in Mexico City versus $4,047 in Iqaluit, NU.

Monthly costs for a family of three with rent: $3,274 in Mexico City versus $5,042 in Iqaluit, NU.

Living in Mexico City costs roughly 52% less than in Iqaluit, NU, driven mainly by Eating Out.

Both cities are pricier than the global median: Mexico City 10% above, Iqaluit, NU 128% above.

Meal at Budget Restaurant

$13.18 MX$228

$31.29 CA$43.48

-57.88%

Three-Course Dinner for Two, Mid-Range

$53.9 MX$934

$65.7 CA$91.3

-18.01%

Fast Food Meal (McDonalds, etc)

$9.42 MX$163

$12.97 CA$18.03

-27.37%

Cappuccino

$3.55 MX$61.5

$6.69 CA$9.30

-46.94%

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

$1.62 MX$28.03

$3.99 CA$5.55

-59.40%

Water (0.33 liter bottle)

$1.11 MX$19.31

$1.68 CA$2.34

-33.93%

Local Beer (0.5 liter draught)

$3.12 MX$54.1

$6.89 CA$9.57

-54.72%

Imported Beer (0.33 liter bottle)

$4.63 MX$80.2

$5.99 CA$8.33

-22.70%

Milk (1 liter)

$1.70 MX$29.48

$2.44 CA$3.38

-30.33%

White Bread (500g)

$2.72 MX$47.10

$2.69 CA$3.74

1.12%

Rice (white) (1kg)

$1.91 MX$33.13

$3.00 CA$4.17

-36.33%

Eggs

$2.54 MX$43.94

$4.41 CA$6.13

-42.40%

Local Cheese (1kg)

$10.03 MX$174

$12.17 CA$16.91

-17.58%

Chicken Fillets (1kg)

$8.09 MX$140

$13.62 CA$18.93

-40.60%

Beef Round Steak (1kg)

$11.62 MX$201

$24.77 CA$34.42

-53.09%

Apples (1kg)

$2.97 MX$51.4

$2.03 CA$2.83

46.31%

Banana (1kg)

$1.81 MX$31.30

$2.98 CA$4.13

-39.26%

Oranges (1kg)

$2.01 MX$34.88

$1.97 CA$2.73

2.03%

Tomato (1kg)

$2.03 MX$35.26

$2.03 CA$2.82

Potato (1kg)

$2.12 MX$36.82

$2.96 CA$4.12

-28.38%

Onion (1kg)

$2.27 MX$39.32

$3.90 CA$5.42

-41.79%

Lettuce (1 head)

$1.40 MX$24.26

$2.99 CA$4.15

-53.18%

Water (1.5 liter bottle)

$1.13 MX$19.59

$3.55 CA$4.93

-68.17%

Cigarettes 20 Pack (Marlboro, Camel)

$4.27 MX$74.0

$14.43 CA$20.05

-70.41%

Wine (Bottle)

$15.56 MX$270

$12.80 CA$17.79

21.56%

Local Beer (0.5 liter bottle)

$1.76 MX$30.44

$1.46 CA$2.03

20.55%

Imported Beer (0.33 liter bottle)

$3.60 MX$62.3

$2.19 CA$3.04

64.38%

One-way Ticket (Public Transport)

$0.38 MX$6.64

$2.35 CA$3.27

-83.83%

Public Transport Monthly Pass (Regular Price)

$19.18 MX$332

$144 CA$200

-86.70%

Taxi Start (Normal Tariff)

$1.38 MX$23.84

$6.82 CA$9.47

-79.77%

Taxi (Normal Tariff) (1km)

$0.28 MX$4.79

$0.71 CA$0.98

-60.56%

Taxi 1hour Waiting (Normal Tariff)

$5.45 MX$94.4

$25.47 CA$35.38

-78.60%

Gasoline (1 liter)

$1.30 MX$22.60

$1.27 CA$1.77

2.36%

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

$18.7K MX$323.8K

$50.5K CA$70.2K

-63.02%

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

$23.1K MX$400.8K

$45.7K CA$63.5K

-49.38%

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

$40.86 MX$708

$119 CA$165

-65.60%

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

$26.81 MX$465

$54.3 CA$75.5

-50.65%

Internet (50+ Mbps, Unlimited Data)

$29.96 MX$519

$56.3 CA$78.2

-46.76%

Gym Membership (Monthly)

$52.0 MX$901

$42.07 CA$58.5

23.65%

Tennis Court (1 Hour on Weekend)

$26.84 MX$465

$22.02 CA$30.59

21.89%

Cinema Ticket

$6.30 MX$109

$8.50 CA$11.82

-25.88%

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

$436 MX$7,558

$1,019 CA$1,416

-57.20%

International Primary School, 1 Child (Yearly)

$10.4K MX$180.5K

$3,997 CA$5,553

160.61%

Jeans (Levis 501 Or Similar)

$56.7 MX$982

$62.9 CA$87.3

-9.86%

Summer Dress (H&M, Zara, etc)

$44.38 MX$769

$36.88 CA$51.2

20.34%

Sport Shoes (Adidas, Nike)

$103 MX$1,784

$103 CA$143

-0.24%

Men's Leather Business Shoes

$106 MX$1,829

$121 CA$168

-12.48%

1-bedroom Apartment, City Center (Monthly)

$1,022 MX$17.7K

$1,687 CA$2,344

-39.42%

1-bedroom Apartment, Outside City Center (Monthly)

$631 MX$10.9K

$1,567 CA$2,177

-59.73%

3-bedroom Apartment, City Center (Monthly)

$2,136 MX$37.0K

$3,136 CA$4,357

-31.88%

3-bedroom Apartment, Outside City Center (Monthly)

$1,243 MX$21.5K

$1,838 CA$2,554

-32.39%

Buy Apartment in City Center (m2)

$3,903 MX$67.6K

$4,603 CA$6,395

-15.21%

Buy Apartment Outside City Center (m2)

$2,064 MX$35.8K

$3,811 CA$5,295

-45.83%

Average Monthly Net Salary (After Tax)

$1,115 MX$19.3K

$4,299 CA$5,973

-74.06%

20-Year Fixed Mortgage Interest Rate (Annual %)

11.34

8.1

40.00%

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

Last update for Mexico City: May 31, 2026

Last update for Iqaluit, NU: May 31, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,022 in Mexico City and $1,687 in Iqaluit, NU. Housing cost is often the main lever when comparing two cities.

Iqaluit, NU pays 286% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $54.0 in Mexico City vs $66.0 in Iqaluit, NU for a mid-range dinner for two. Groceries echo the gap at $288 vs $414 per month, with Mexico City cheaper across the board.

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 Iqaluit, NU: Cost of Living - Frequently Asked Questions

Mexico City is cheaper overall, especially in Groceries & Markets, Eating Out, Clothing & Footwear, Monthly Utilities & Internet, Getting Around. The 108% gap adds up to real monthly savings that compound significantly over time.

On paper, Iqaluit, NU earns 286% less. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $1,022 in Mexico City versus $1,687 in Iqaluit, NU. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $436 in Mexico City versus $1,019 in Iqaluit, NU. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 44% higher in Iqaluit, NU. For households that cook at home regularly, that difference adds up over a month.

At $1,467 in Mexico City versus $3,053 in Iqaluit, NU, a $2,000 budget is realistic in Mexico City but tight or insufficient in Iqaluit, NU. The gap between the two cities makes Mexico City the clear choice for anyone on this budget.

For families, Mexico City is more practical. Housing and childcare are both notably cheaper than in Iqaluit, NU, and the savings on those two alone free up budget for education, activities, and family trips.

Expats usually find Mexico City gentler on the wallet – expenses run 108% less than in Iqaluit, NU. Beyond cost, consider language, visa policies, and how big the international community is in each city.