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: $1,456 in Mexico City versus $3,041 in Iqaluit, NU.

Estimated couple costs with rent: $2,361 in Mexico City versus $4,109 in Iqaluit, NU.

Monthly costs for a family of three with rent: $3,266 in Mexico City versus $5,176 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 9% above, Iqaluit, NU 128% above.

Meal at Budget Restaurant

$13.07 MX$228

$31.86 CA$44.83

-58.98%

Three-Course Dinner for Two, Mid-Range

$53.8 MX$936

$67.5 CA$94.9

-20.33%

Fast Food Meal (McDonalds, etc)

$9.68 MX$169

$13.19 CA$18.56

-26.61%

Cappuccino

$3.74 MX$65.1

$6.80 CA$9.56

-45.00%

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

$1.62 MX$28.13

$3.93 CA$5.53

-58.78%

Water (0.33 liter bottle)

$1.16 MX$20.23

$1.68 CA$2.36

-30.95%

Local Beer (0.5 liter draught)

$3.23 MX$56.2

$6.69 CA$9.42

-51.72%

Imported Beer (0.33 liter bottle)

$4.74 MX$82.5

$5.74 CA$8.08

-17.42%

Milk (1 liter)

$1.65 MX$28.68

$2.44 CA$3.44

-32.38%

White Bread (500g)

$2.75 MX$47.95

$2.70 CA$3.80

1.85%

Rice (white) (1kg)

$1.87 MX$32.63

$2.89 CA$4.07

-35.29%

Eggs

$2.50 MX$43.54

$4.48 CA$6.30

-44.20%

Local Cheese (1kg)

$10.20 MX$178

$12.15 CA$17.09

-16.05%

Chicken Fillets (1kg)

$8.25 MX$144

$13.61 CA$19.15

-39.38%

Beef Round Steak (1kg)

$11.82 MX$206

$25.53 CA$35.93

-53.70%

Apples (1kg)

$3.01 MX$52.4

$1.96 CA$2.76

53.57%

Banana (1kg)

$1.81 MX$31.54

$2.95 CA$4.16

-38.64%

Oranges (1kg)

$2.00 MX$34.81

$1.98 CA$2.79

1.01%

Tomato (1kg)

$2.00 MX$34.74

$2.02 CA$2.84

-0.99%

Potato (1kg)

$2.08 MX$36.30

$2.94 CA$4.14

-29.25%

Onion (1kg)

$2.27 MX$39.56

$4.04 CA$5.69

-43.81%

Lettuce (1 head)

$1.46 MX$25.36

$3.03 CA$4.26

-51.82%

Water (1.5 liter bottle)

$1.08 MX$18.74

$3.60 CA$5.07

-70.00%

Cigarettes 20 Pack (Marlboro, Camel)

$4.35 MX$75.7

$13.96 CA$19.64

-68.84%

Wine (Bottle)

$16.99 MX$296

$12.07 CA$16.98

40.76%

Local Beer (0.5 liter bottle)

$1.73 MX$30.18

$1.51 CA$2.12

14.57%

Imported Beer (0.33 liter bottle)

$3.58 MX$62.3

$2.22 CA$3.13

61.26%

One-way Ticket (Public Transport)

$0.39 MX$6.74

$2.30 CA$3.24

-83.04%

Public Transport Monthly Pass (Regular Price)

$18.69 MX$325

$145 CA$204

-87.12%

Taxi Start (Normal Tariff)

$1.33 MX$23.08

$6.47 CA$9.11

-79.44%

Taxi (Normal Tariff) (1km)

$0.28 MX$4.87

$0.72 CA$1.02

-61.11%

Taxi 1hour Waiting (Normal Tariff)

$5.25 MX$91.5

$26.24 CA$36.92

-79.99%

Gasoline (1 liter)

$1.34 MX$23.27

$1.31 CA$1.85

2.29%

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

$19.4K MX$338.0K

$49.4K CA$69.5K

-60.70%

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

$23.8K MX$415.0K

$45.7K CA$64.3K

-47.86%

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

$40.69 MX$709

$118 CA$167

-65.63%

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

$26.87 MX$468

$56.1 CA$79.0

-52.14%

Internet (50+ Mbps, Unlimited Data)

$30.51 MX$531

$55.8 CA$78.5

-45.30%

Gym Membership (Monthly)

$52.8 MX$919

$41.48 CA$58.4

27.24%

Tennis Court (1 Hour on Weekend)

$26.65 MX$464

$22.06 CA$31.03

20.81%

Cinema Ticket

$6.51 MX$113

$8.50 CA$11.96

-23.41%

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

$428 MX$7,454

$989 CA$1,392

-56.73%

International Primary School, 1 Child (Yearly)

$10.5K MX$182.8K

$3,940 CA$5,545

166.46%

Jeans (Levis 501 Or Similar)

$57.3 MX$997

$62.5 CA$88.0

-8.40%

Summer Dress (H&M, Zara, etc)

$45.50 MX$792

$36.72 CA$51.7

23.91%

Sport Shoes (Adidas, Nike)

$104 MX$1,812

$101 CA$142

2.79%

Men's Leather Business Shoes

$108 MX$1,878

$122 CA$172

-11.57%

1-bedroom Apartment, City Center (Monthly)

$1,003 MX$17.5K

$1,709 CA$2,404

-41.28%

1-bedroom Apartment, Outside City Center (Monthly)

$623 MX$10.8K

$1,615 CA$2,272

-61.44%

3-bedroom Apartment, City Center (Monthly)

$2,109 MX$36.7K

$3,034 CA$4,269

-30.49%

3-bedroom Apartment, Outside City Center (Monthly)

$1,218 MX$21.2K

$1,786 CA$2,514

-31.82%

Buy Apartment in City Center (m2)

$3,885 MX$67.6K

$4,270 CA$6,008

-9.02%

Buy Apartment Outside City Center (m2)

$2,033 MX$35.4K

$3,563 CA$5,014

-42.96%

Average Monthly Net Salary (After Tax)

$1,038 MX$18.1K

$4,212 CA$5,927

-75.36%

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: July 13, 2026

Last update for Iqaluit, NU: July 13, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,003 in Mexico City and $1,709 in Iqaluit, NU. Housing cost is often the main lever when comparing two cities.

Iqaluit, NU pays 306% 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 $67.0 in Iqaluit, NU for a mid-range dinner for two. Groceries echo the gap at $292 vs $416 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 109% gap adds up to real monthly savings that compound significantly over time.

On paper, salaries run 306% lower in Iqaluit, NU. 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: $1,003 in Mexico City versus $1,709 in Iqaluit, NU. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $428 in Mexico City versus $989 in Iqaluit, NU. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 42% higher in Iqaluit, NU. For households that cook at home regularly, that difference adds up over a month.

At $1,456 in Mexico City versus $3,041 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 109% less than in Iqaluit, NU. Beyond cost, consider language, visa policies, and how big the international community is in each city.