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: $1,660 in Mexico City versus $3,029 in Iqaluit, NU.

Estimated couple costs with rent: $2,565 in Mexico City versus $4,665 in Iqaluit, NU.

Monthly costs for a family of three with rent: $3,470 in Mexico City versus $6,300 in Iqaluit, NU.

Living in Mexico City costs roughly 45% less than in Iqaluit, NU, driven mainly by Eating Out.

Both cities are pricier than the global median: Mexico City 21% above, Iqaluit, NU 121% above.

Meal at Budget Restaurant

$11.92 MX$206

$27.71 CA$38.76

-56.98%

Three-Course Dinner for Two, Mid-Range

$51.6 MX$890

$63.9 CA$89.4

-19.25%

Fast Food Meal (McDonalds, etc)

$11.41 MX$197

$13.06 CA$18.27

-12.63%

Cappuccino

$3.99 MX$68.9

$7.00 CA$9.79

-43.00%

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

$1.66 MX$28.61

$3.86 CA$5.41

-56.99%

Water (0.33 liter bottle)

$1.33 MX$22.87

$1.60 CA$2.23

-16.88%

Local Beer (0.5 liter draught)

$3.47 MX$59.9

$6.87 CA$9.61

-49.49%

Imported Beer (0.33 liter bottle)

$5.90 MX$102

$5.66 CA$7.91

4.24%

Milk (1 liter)

$1.88 MX$32.36

$2.48 CA$3.47

-24.19%

White Bread (500g)

$3.25 MX$56.1

$2.60 CA$3.63

25.00%

Rice (white) (1kg)

$2.16 MX$37.26

$3.29 CA$4.61

-34.35%

Eggs

$2.90 MX$49.94

$3.53 CA$4.93

-17.85%

Local Cheese (1kg)

$12.86 MX$222

$9.88 CA$13.82

30.16%

Chicken Fillets (1kg)

$10.05 MX$173

$13.54 CA$18.95

-25.78%

Beef Round Steak (1kg)

$15.86 MX$273

$14.64 CA$20.49

8.33%

Apples (1kg)

$3.29 MX$56.8

$3.92 CA$5.48

-16.07%

Banana (1kg)

$2.01 MX$34.60

$1.30 CA$1.83

54.62%

Oranges (1kg)

$2.20 MX$37.93

$3.66 CA$5.12

-39.89%

Tomato (1kg)

$2.36 MX$40.63

$3.94 CA$5.51

-40.10%

Potato (1kg)

$2.05 MX$35.43

$2.62 CA$3.67

-21.76%

Onion (1kg)

$1.90 MX$32.79

$2.27 CA$3.17

-16.30%

Lettuce (1 head)

$1.61 MX$27.68

$2.55 CA$3.56

-36.86%

Water (1.5 liter bottle)

$1.40 MX$24.09

$1.61 CA$2.25

-13.04%

Cigarettes 20 Pack (Marlboro, Camel)

$5.46 MX$94.2

$13.82 CA$19.33

-60.49%

Wine (Bottle)

$17.65 MX$304

$12.55 CA$17.56

40.64%

Local Beer (0.5 liter bottle)

$2.06 MX$35.44

$2.72 CA$3.81

-24.26%

Imported Beer (0.33 liter bottle)

$4.68 MX$80.8

$3.03 CA$4.24

54.46%

One-way Ticket (Public Transport)

$0.34 MX$5.84

$2.36 CA$3.30

-85.59%

Public Transport Monthly Pass (Regular Price)

$20.81 MX$359

$62.9 CA$88.1

-66.94%

Taxi Start (Normal Tariff)

$2.10 MX$36.15

$6.75 CA$9.45

-68.89%

Taxi (Normal Tariff) (1km)

$0.56 MX$9.64

$1.40 CA$1.96

-60.00%

Taxi 1hour Waiting (Normal Tariff)

$5.81 MX$100

$26.05 CA$36.44

-77.70%

Gasoline (1 liter)

$1.61 MX$27.68

$1.18 CA$1.66

36.44%

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

$22.8K MX$393.8K

$38.3K CA$53.6K

-40.38%

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

$26.8K MX$461.2K

$31.4K CA$44.0K

-14.90%

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

$65.2 MX$1,124

$117 CA$163

-44.06%

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

$30.09 MX$519

$39.86 CA$55.8

-24.51%

Internet (50+ Mbps, Unlimited Data)

$37.18 MX$641

$56.5 CA$79.0

-34.18%

Gym Membership (Monthly)

$59.8 MX$1,030

$40.87 CA$57.2

46.22%

Tennis Court (1 Hour on Weekend)

$26.55 MX$458

$18.10 CA$25.32

46.69%

Cinema Ticket

$7.04 MX$121

$8.24 CA$11.52

-14.56%

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

$465 MX$8,012

$782 CA$1,095

-40.62%

International Primary School, 1 Child (Yearly)

$13.3K MX$228.9K

$12.7K CA$17.8K

4.22%

Jeans (Levis 501 Or Similar)

$75.9 MX$1,308

$53.6 CA$74.9

41.67%

Summer Dress (H&M, Zara, etc)

$56.0 MX$965

$39.17 CA$54.8

42.84%

Sport Shoes (Adidas, Nike)

$112 MX$1,929

$86.4 CA$121

29.49%

Men's Leather Business Shoes

$121 MX$2,078

$103 CA$144

17.40%

1-bedroom Apartment, City Center (Monthly)

$1,103 MX$19.0K

$1,843 CA$2,578

-40.17%

1-bedroom Apartment, Outside City Center (Monthly)

$721 MX$12.4K

$1,692 CA$2,368

-57.42%

3-bedroom Apartment, City Center (Monthly)

$2,530 MX$43.6K

$2,914 CA$4,076

-13.19%

3-bedroom Apartment, Outside City Center (Monthly)

$1,293 MX$22.3K

$3,500 CA$4,896

-63.04%

Buy Apartment in City Center (m2)

$3,991 MX$68.8K

$4,372 CA$6,116

-8.71%

Buy Apartment Outside City Center (m2)

$2,090 MX$36.0K

$3,598 CA$5,033

-41.92%

Average Monthly Net Salary (After Tax)

$1,037 MX$17.9K

$4,281 CA$5,989

-75.77%

20-Year Fixed Mortgage Interest Rate (Annual %)

11.3

5.32

112.41%

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

Last update for Mexico City: September 14, 2026

Last update for Iqaluit, NU: September 13, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,103 in Mexico City and $1,843 in Iqaluit, NU. Housing cost is often the main lever when comparing two cities.

Iqaluit, NU pays 313% 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: $52.0 in Mexico City vs $64.0 in Iqaluit, NU for a mid-range dinner for two. Groceries echo the gap at $345 vs $368 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, Monthly Utilities & Internet, Getting Around. The 83% gap adds up to real monthly savings that compound significantly over time.

On paper, salaries run 313% 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: $1,103 in Mexico City versus $1,843 in Iqaluit, NU. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $465 in Mexico City versus $782 in Iqaluit, NU. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 7% higher in Iqaluit, NU. For households that cook at home regularly, that difference adds up over a month.

At $1,660 in Mexico City versus $3,029 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.

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 83% less than in Iqaluit, NU. Beyond cost, consider language, visa policies, and how big the international community is in each city.