Last update: Nov 2026

Cost of Living Comparison Between Mexico City and Njardvik

For one person, living is cheaper in Mexico City: $1,674 a month against $3,133 in Njardvik, rent and utilities included – about $17,500 less a year. Rent and utilities account for about half of the difference.

80

Cost of Living Index in Mexico City
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Mexico City Living Index
151

Cost of Living Index in Njardvik
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Njardvik Living Index

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Mexico City

🇲🇽 Mexico

$1,674

/mo nomad

Njardvik

🇮🇸 Iceland

$3,133

/mo nomad

Monthly Cost of Living

How much you'll spend in Mexico City and in Njardvik

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 Njardvik actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,674 in Mexico City versus $3,133 in Njardvik.

Mexico City $1,674
Njardvik $3,133

Estimated couple costs with rent: $2,606 in Mexico City versus $4,864 in Njardvik.

Mexico City $2,606
Njardvik $4,864

Monthly costs for a family of three with rent: $3,537 in Mexico City versus $6,596 in Njardvik.

Mexico City $3,537
Njardvik $6,596

Living in Mexico City costs roughly 47% less than in Njardvik, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Mexico City 24% above, Njardvik 132% above.

Meal at Budget Restaurant

$10.59 MX$197

$24.20 ISK 2,940

-56.24%

Three-Course Dinner for Two, Mid-Range

$52.0 MX$967

$98.4 ISK 12.0K

-47.18%

Fast Food Meal (McDonalds, etc)

$10.73 MX$200

$16.27 ISK 1,977

-34.05%

Cappuccino

$3.80 MX$70.7

$6.46 ISK 784

-41.18%

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

$1.61 MX$30.01

$1.61 ISK 195

Water (0.33 liter bottle)

$1.21 MX$22.55

$2.41 ISK 292

-49.79%

Local Beer (0.5 liter draught)

$3.18 MX$59.1

$10.53 ISK 1,280

-69.80%

Imported Beer (0.33 liter bottle)

$5.44 MX$101

$12.43 ISK 1,510

-56.23%

Milk (1 liter)

$1.72 MX$31.96

$2.12 ISK 258

-18.87%

White Bread (500g)

$2.97 MX$55.2

$4.24 ISK 515

-29.95%

Rice (white) (1kg)

$1.93 MX$35.84

$3.64 ISK 443

-46.98%

Eggs

$2.77 MX$51.6

$7.20 ISK 875

-61.53%

Local Cheese (1kg)

$11.67 MX$217

$21.85 ISK 2,655

-46.59%

Chicken Fillets (1kg)

$9.48 MX$176

$24.79 ISK 3,012

-61.76%

Beef Round Steak (1kg)

$15.37 MX$286

$41.37 ISK 5,027

-62.85%

Apples (1kg)

$3.10 MX$57.8

$3.40 ISK 413

-8.82%

Banana (1kg)

$1.96 MX$36.49

$2.85 ISK 347

-31.23%

Oranges (1kg)

$1.98 MX$36.88

$3.13 ISK 381

-36.74%

Tomato (1kg)

$2.34 MX$43.46

$6.54 ISK 795

-64.22%

Potato (1kg)

$2.02 MX$37.66

$3.95 ISK 480

-48.86%

Onion (1kg)

$1.82 MX$33.95

$1.68 ISK 205

8.33%

Lettuce (1 head)

$1.54 MX$28.74

$3.75 ISK 456

-58.93%

Water (1.5 liter bottle)

$1.31 MX$24.42

$1.84 ISK 224

-28.80%

Cigarettes 20 Pack (Marlboro, Camel)

$5.35 MX$99.6

$13.70 ISK 1,665

-60.95%

Wine (Bottle)

$16.19 MX$301

$23.83 ISK 2,896

-32.06%

Local Beer (0.5 liter bottle)

$1.96 MX$36.46

$3.61 ISK 439

-45.71%

Imported Beer (0.33 liter bottle)

$4.35 MX$81.0

$3.35 ISK 407

29.85%

One-way Ticket (Public Transport)

$0.30 MX$5.67

Public Transport Monthly Pass (Regular Price)

$19.49 MX$363

Taxi Start (Normal Tariff)

$1.92 MX$35.68

$6.57 ISK 799

-70.78%

Taxi (Normal Tariff) (1km)

$0.47 MX$8.80

$2.87 ISK 349

-83.62%

Taxi 1hour Waiting (Normal Tariff)

$5.41 MX$101

$81.0 ISK 9,846

-93.32%

Gasoline (1 liter)

$1.48 MX$27.61

$2.05 ISK 249

-27.80%

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

$21.4K MX$397.7K

$67.8K ISK 8.2M

-68.46%

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

$23.8K MX$442.1K

$56.3K ISK 6.8M

-57.79%

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

$62.0 MX$1,154

$96.1 ISK 11.7K

-35.49%

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

$28.47 MX$530

$32.14 ISK 3,905

-11.42%

Internet (50+ Mbps, Unlimited Data)

$34.11 MX$635

$85.4 ISK 10.4K

-60.04%

Gym Membership (Monthly)

$58.4 MX$1,087

$80.6 ISK 9,793

-27.56%

Tennis Court (1 Hour on Weekend)

$24.50 MX$456

Cinema Ticket

$6.59 MX$123

$19.99 ISK 2,429

-67.03%

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

$434 MX$8,081

$1,198 ISK 145.5K

-63.74%

International Primary School, 1 Child (Yearly)

$14.0K MX$261.2K

$26.0K ISK 3.2M

-46.07%

Jeans (Levis 501 Or Similar)

$68.4 MX$1,272

$122 ISK 14.8K

-43.79%

Summer Dress (H&M, Zara, etc)

$54.8 MX$1,020

$66.7 ISK 8,106

-17.87%

Sport Shoes (Adidas, Nike)

$111 MX$2,063

$183 ISK 22.2K

-39.43%

Men's Leather Business Shoes

$116 MX$2,159

$247 ISK 30.0K

-53.03%

1-bedroom Apartment, City Center (Monthly)

$1,179 MX$21.9K

1-bedroom Apartment, Outside City Center (Monthly)

$771 MX$14.3K

$1,462 ISK 177.6K

-47.27%

3-bedroom Apartment, City Center (Monthly)

$2,570 MX$47.8K

3-bedroom Apartment, Outside City Center (Monthly)

$1,420 MX$26.4K

$2,674 ISK 324.9K

-46.92%

Buy Apartment in City Center (m2)

$3,586 MX$66.7K

Buy Apartment Outside City Center (m2)

$2,064 MX$38.4K

Average Monthly Net Salary (After Tax)

$1,003 MX$18.7K

$4,080 ISK 495.7K

-75.42%

20-Year Fixed Mortgage Interest Rate (Annual %)

11.35

8.81

28.83%

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

Last update for Mexico City: November 1, 2026

Last update for Njardvik: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Mexico City

$771 46.1%

Njardvik

$1.5K 46.7% 89.6% $691

Groceries & Markets

Mexico City

$324 19.3%

Njardvik

$625 19.9% 93.1% $301

Eating Out

Mexico City

$201 12%

Njardvik

$413 13.2% 106% $213

Clothing & Footwear

Mexico City

$158 9.4%

Njardvik

$278 8.9% 76.7% $121

Monthly Utilities & Internet

Mexico City

$125 7.4%

Njardvik

$214 6.8% 71.4% $89

Sport & Entertainment

Mexico City

$72 4.3%

Njardvik

$121 3.9% 68.5% $49

Getting Around

Mexico City

$25 1.5%

Njardvik

$21 * 0.7% 16.2% $4

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

Njardvik pays about 4.1 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $52 in Mexico City vs $98 in Njardvik for a mid-range dinner for two. Groceries echo the gap at $324 vs $625 per month, with Mexico City cheaper across the board.

Good to know

🇲🇽 Mexico City

🇮🇸 Njardvik

🕒 Local time

18:09 6:09 PM

00:09 12:09 AM

6 h ahead of Mexico City

🌤 Weather

👥 Population

9,209,944 Capital

6,000

💱 Currency

Mexican Peso MXN $

Icelandic Króna ISK kr

📈 Exchange rate

100 MXN = 5.37 USD

100 MXN = 4.77 EUR

1,000 ISK = 8.23 USD

1,000 ISK = 7.31 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 November 5, 2026: 1 USD = 18.61 MXN (100 MXN = 5.37 USD). 1 EUR = 20.95 MXN (100 MXN = 4.77 EUR).

Icelandic Króna exchange rates as of November 5, 2026: 1 USD = 122 ISK (1,000 ISK = 8.23 USD). 1 EUR = 137 ISK (1,000 ISK = 7.31 EUR).

USD to MXN in detail →

On the map

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Between locations

Mexico City Njardvik 7,420 km ≈ 10 h nonstop flight

From you

Mexico City
Njardvik

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 Njardvik: Cost of Living - Frequently Asked Questions

Total monthly costs including rent come to $1,674 in Mexico City and $3,133 in Njardvik, so Mexico City is about 47% cheaper – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 75% 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.

Childcare runs $434 in Mexico City versus $1,198 in Njardvik. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Dining out is cheaper in Mexico City – a meal for two runs $52 versus $98 in Njardvik. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,674 in Mexico City versus $3,133 in Njardvik, a $3,000 budget is realistic in Mexico City but tight or insufficient in Njardvik. 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.

It comes down to priorities – Mexico City wins on affordability, Njardvik on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.