Last update: Oct 2026

Cost of Living Comparison Between Mexico City and Iqaluit, NU

For one person, living is cheaper in Mexico City: $1,608 a month against $3,164 in Iqaluit, NU, rent and utilities included – about $18,700 less a year. Rent and utilities account for most of the difference.

78

Cost of Living Index in Mexico City
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Mexico City Living Index
154

Cost of Living Index in Iqaluit, NU
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Iqaluit, NU Living Index

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Mexico City

🇲🇽 Mexico

$1,608

/mo nomad

Iqaluit, NU

🇨🇦 Canada

$3,164

/mo nomad

Monthly Cost of Living

How much you'll spend in Mexico City and in Iqaluit, NU

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Mexico City and in Iqaluit, NU actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,608 in Mexico City versus $3,164 in Iqaluit, NU.

Mexico City $1,608
Iqaluit, NU $3,164

Estimated couple costs with rent: $2,549 in Mexico City versus $5,007 in Iqaluit, NU.

Mexico City $2,549
Iqaluit, NU $5,007

Monthly costs for a family of three with rent: $3,490 in Mexico City versus $6,850 in Iqaluit, NU.

Mexico City $3,490
Iqaluit, NU $6,850

Living in Mexico City costs roughly 49% less than in Iqaluit, NU, and outside of rent the biggest gap is in eating out.

Both cities are pricier than the global median: Mexico City 18% above, Iqaluit, NU 132% above.

Meal at Budget Restaurant

$10.62 MX$199

$28.11 CA$39.27

-62.22%

Three-Course Dinner for Two, Mid-Range

$48.35 MX$908

$65.1 CA$91.0

-25.78%

Fast Food Meal (McDonalds, etc)

$10.35 MX$194

$12.93 CA$18.07

-19.95%

Cappuccino

$3.69 MX$69.3

$7.31 CA$10.21

-49.52%

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

$1.67 MX$31.29

$3.81 CA$5.32

-56.17%

Water (0.33 liter bottle)

$1.27 MX$23.76

$4.43 CA$6.20

-71.33%

Local Beer (0.5 liter draught)

$3.19 MX$59.9

$6.83 CA$9.54

-53.29%

Imported Beer (0.33 liter bottle)

$5.31 MX$99.6

$5.82 CA$8.13

-8.76%

Milk (1 liter)

$1.72 MX$32.38

$3.38 CA$4.73

-49.11%

White Bread (500g)

$3.04 MX$57.1

$5.51 CA$7.69

-44.83%

Rice (white) (1kg)

$1.94 MX$36.44

$2.91 CA$4.07

-33.33%

Eggs

$2.89 MX$54.2

$4.36 CA$6.10

-33.72%

Local Cheese (1kg)

$10.97 MX$206

$12.05 CA$16.84

-8.96%

Chicken Fillets (1kg)

$9.25 MX$174

$13.34 CA$18.63

-30.66%

Beef Round Steak (1kg)

$15.13 MX$284

$24.54 CA$34.29

-38.35%

Apples (1kg)

$3.05 MX$57.2

$2.02 CA$2.82

50.99%

Banana (1kg)

$1.94 MX$36.45

$2.95 CA$4.13

-34.24%

Oranges (1kg)

$2.03 MX$38.02

$2.03 CA$2.84

Tomato (1kg)

$2.31 MX$43.46

$1.98 CA$2.76

16.67%

Potato (1kg)

$2.04 MX$38.21

$3.04 CA$4.24

-32.89%

Onion (1kg)

$1.80 MX$33.79

$3.92 CA$5.48

-54.08%

Lettuce (1 head)

$1.48 MX$27.77

$3.08 CA$4.30

-51.95%

Water (1.5 liter bottle)

$1.27 MX$23.80

$3.51 CA$4.91

-63.82%

Cigarettes 20 Pack (Marlboro, Camel)

$5.30 MX$99.6

$14.13 CA$19.74

-62.49%

Wine (Bottle)

$16.10 MX$302

$5.02 CA$7.02

220.72%

Local Beer (0.5 liter bottle)

$1.98 MX$37.23

$1.46 CA$2.04

35.62%

Imported Beer (0.33 liter bottle)

$4.25 MX$79.8

$2.11 CA$2.95

101.42%

One-way Ticket (Public Transport)

$0.31 MX$5.73

$4.87 CA$6.80

-93.63%

Public Transport Monthly Pass (Regular Price)

$19.73 MX$371

$137 CA$191

-85.60%

Taxi Start (Normal Tariff)

$1.84 MX$34.50

$6.53 CA$9.12

-71.82%

Taxi (Normal Tariff) (1km)

$0.53 MX$10.02

$0.69 CA$0.97

-23.19%

Taxi 1hour Waiting (Normal Tariff)

$5.30 MX$99.4

Gasoline (1 liter)

$1.51 MX$28.36

$1.24 CA$1.73

21.77%

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

$21.8K MX$408.4K

$38.6K CA$54.0K

-43.66%

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

$24.0K MX$450.3K

$31.7K CA$44.3K

-24.32%

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

$63.0 MX$1,182

$114 CA$159

-44.67%

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

$27.39 MX$514

$52.9 CA$73.9

-48.22%

Internet (50+ Mbps, Unlimited Data)

$35.67 MX$670

$53.2 CA$74.4

-32.98%

Gym Membership (Monthly)

$58.9 MX$1,107

$73.9 CA$103

-20.19%

Tennis Court (1 Hour on Weekend)

$23.64 MX$444

$21.24 CA$29.68

11.30%

Cinema Ticket

$6.40 MX$120

$8.27 CA$11.55

-22.61%

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

$432 MX$8,103

$1,018 CA$1,423

-57.62%

International Primary School, 1 Child (Yearly)

$11.4K MX$214.5K

$3,943 CA$5,509

189.72%

Jeans (Levis 501 Or Similar)

$68.2 MX$1,281

$60.2 CA$84.1

13.36%

Summer Dress (H&M, Zara, etc)

$53.1 MX$997

$35.43 CA$49.51

49.96%

Sport Shoes (Adidas, Nike)

$108 MX$2,023

$100.0 CA$140

7.83%

Men's Leather Business Shoes

$117 MX$2,202

$116 CA$162

1.25%

1-bedroom Apartment, City Center (Monthly)

$1,113 MX$20.9K

$1,790 CA$2,501

-37.80%

1-bedroom Apartment, Outside City Center (Monthly)

$710 MX$13.3K

$1,684 CA$2,353

-57.80%

3-bedroom Apartment, City Center (Monthly)

$2,588 MX$48.6K

$2,856 CA$3,991

-9.39%

3-bedroom Apartment, Outside City Center (Monthly)

$1,406 MX$26.4K

$3,506 CA$4,898

-59.89%

Buy Apartment in City Center (m2)

$3,631 MX$68.2K

$10.2K CA$14.2K

-64.33%

Buy Apartment Outside City Center (m2)

$2,135 MX$40.1K

$7,195 CA$10.1K

-70.32%

Average Monthly Net Salary (After Tax)

$946 MX$17.8K

$4,244 CA$5,930

-77.71%

20-Year Fixed Mortgage Interest Rate (Annual %)

11.35

5.32

113.35%

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

Last update for Mexico City: October 25, 2026

Last update for Iqaluit, NU: October 26, 2026

Monthly budget structure

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

Accommodation & Living

Mexico City

$710 44.2%

Iqaluit, NU

$1.7K 53.2% 137% $973

Groceries & Markets

Mexico City

$320 19.9%

Iqaluit, NU

$433 13.7% 35.6% $114

Eating Out

Mexico City

$199 12.4%

Iqaluit, NU

$430 13.6% 117% $232

Clothing & Footwear

Mexico City

$156 9.7%

Iqaluit, NU

$140 4.4% 10.1% $16

Monthly Utilities & Internet

Mexico City

$126 7.8%

Iqaluit, NU

$220 7% 74.5% $94

Sport & Entertainment

Mexico City

$72 4.5%

Iqaluit, NU

$90 2.9% 26% $19

Getting Around

Mexico City

$25 1.6%

Iqaluit, NU

$167 5.3% 554% $141

Cost Breakdown

A one-bedroom apartment in the center runs $1,113 in Mexico City and $1,790 in Iqaluit, NU. Housing cost is often the main lever when comparing two cities.

Iqaluit, NU pays about 4.5 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $48 in Mexico City vs $65 in Iqaluit, NU for a mid-range dinner for two. Groceries echo the gap at $320 vs $433 per month, with Mexico City cheaper across the board.

Good to know

🇲🇽 Mexico City

🇨🇦 Iqaluit, NU

🕒 Local time

22:37 10:37 PM

00:37 12:37 AM

2 h ahead of Mexico City

🌤 Weather

👥 Population

9,209,944 Capital

8,000

💱 Currency

Mexican Peso MXN $

Canadian Dollar CAD $

📈 Exchange rate

100 MXN = 5.33 USD

100 MXN = 4.77 EUR

1 CAD = 0.716 USD

1 CAD = 0.641 EUR

Exchange rates and currency converter

CAD, USD, EUR to MXN – Mexican Peso Converter

🇺🇸 United States Dollar ($)

🇲🇽 Mexican Peso ($)

Mexican Peso exchange rates as of November 1, 2026: 1 USD = 18.77 MXN (100 MXN = 5.33 USD). 1 EUR = 20.96 MXN (100 MXN = 4.77 EUR).

Canadian Dollar exchange rates as of November 1, 2026: 1 USD = 1.4 CAD (1 CAD = 0.716 USD). 1 EUR = 1.56 CAD (1 CAD = 0.641 EUR).

USD to MXN in detail →

On the map

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Between locations

Mexico City Iqaluit, NU 5,440 km ≈ 7 h nonstop flight

From you

Mexico City
Iqaluit, NU

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

Mexico City vs Iqaluit, NU: Cost of Living - Frequently Asked Questions

Mexico City is about 49% cheaper overall, especially in eating out, transport, and groceries. That difference adds up to real monthly savings that compound significantly over time.

On paper, salaries run 78% lower in Mexico City. 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: $1,113 in Mexico City versus $1,790 in Iqaluit, NU. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $432 in Mexico City versus $1,018 in Iqaluit, NU. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 36% higher in Iqaluit, NU. For households that cook at home regularly, that difference adds up over a month.

At $1,608 in Mexico City versus $3,164 in Iqaluit, NU, a $3,000 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.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Expats usually find Mexico City gentler on the wallet – expenses run 49% less than in Iqaluit, NU. Beyond cost, consider language, visa policies, and how big the international community is in each city.