Cost of Living Comparison Between Mexico City and Reykjahlid Cost of Living Comparison Between Mexico City and Reykjahlid

Monthly Cost of Living

Monthly costs for one person with rent: $1,447 in Mexico City versus $174 in Reykjahlid.

Estimated couple costs with rent: $2,310 in Mexico City versus $259 in Reykjahlid.

Monthly costs for a family of three with rent: $3,174 in Mexico City versus $344 in Reykjahlid.

Living in Mexico City is roughly 730% more expensive than Reykjahlid, driven mainly by Groceries & Markets.

The two cities straddle the global median: Mexico City is 8% above, Reykjahlid is 87% below.

Meal at Budget Restaurant

$12.98 MX$223

Three-Course Dinner for Two, Mid-Range

$52.6 MX$903

Fast Food Meal (McDonalds, etc)

$9.43 MX$162

Cappuccino

$3.57 MX$61.3

$5.99 ISK 745

-40.40%

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

$1.61 MX$27.55

Water (0.33 liter bottle)

$1.15 MX$19.81

Local Beer (0.5 liter draught)

$3.15 MX$54.0

$11.67 ISK 1,453

-73.01%

Imported Beer (0.33 liter bottle)

$4.86 MX$83.4

$11.73 ISK 1,460

-58.57%

Milk (1 liter)

$1.70 MX$29.17

$2.36 ISK 293

-27.97%

White Bread (500g)

$2.64 MX$45.23

Rice (white) (1kg)

$1.90 MX$32.67

Eggs

$2.54 MX$43.62

Local Cheese (1kg)

$10.08 MX$173

Chicken Fillets (1kg)

$8.29 MX$142

Beef Round Steak (1kg)

$11.57 MX$199

Apples (1kg)

$3.03 MX$52.0

Banana (1kg)

$1.71 MX$29.35

Oranges (1kg)

$2.05 MX$35.16

Tomato (1kg)

$2.06 MX$35.36

Potato (1kg)

$2.06 MX$35.43

Onion (1kg)

$2.17 MX$37.25

Lettuce (1 head)

$1.40 MX$24.08

Water (1.5 liter bottle)

$1.12 MX$19.26

Cigarettes 20 Pack (Marlboro, Camel)

$4.29 MX$73.7

Wine (Bottle)

$15.41 MX$265

Local Beer (0.5 liter bottle)

$1.67 MX$28.74

Imported Beer (0.33 liter bottle)

$3.69 MX$63.3

One-way Ticket (Public Transport)

$0.38 MX$6.55

Public Transport Monthly Pass (Regular Price)

$19.06 MX$327

Taxi Start (Normal Tariff)

$1.38 MX$23.70

Taxi (Normal Tariff) (1km)

$0.28 MX$4.74

Taxi 1hour Waiting (Normal Tariff)

$5.42 MX$92.9

Gasoline (1 liter)

$1.28 MX$21.98

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

$19.0K MX$325.8K

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

$23.5K MX$402.7K

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

$41.02 MX$704

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

$26.92 MX$462

Internet (50+ Mbps, Unlimited Data)

$29.69 MX$510

Gym Membership (Monthly)

$52.3 MX$898

Tennis Court (1 Hour on Weekend)

$26.23 MX$450

Cinema Ticket

$6.18 MX$106

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

$427 MX$7,331

International Primary School, 1 Child (Yearly)

$10.7K MX$183.6K

Jeans (Levis 501 Or Similar)

$56.8 MX$975

Summer Dress (H&M, Zara, etc)

$44.83 MX$769

Sport Shoes (Adidas, Nike)

$105 MX$1,794

Men's Leather Business Shoes

$106 MX$1,819

1-bedroom Apartment, City Center (Monthly)

$995 MX$17.1K

1-bedroom Apartment, Outside City Center (Monthly)

$621 MX$10.7K

3-bedroom Apartment, City Center (Monthly)

$2,126 MX$36.5K

3-bedroom Apartment, Outside City Center (Monthly)

$1,254 MX$21.5K

Buy Apartment in City Center (m2)

$3,903 MX$67.0K

Buy Apartment Outside City Center (m2)

$2,096 MX$36.0K

Average Monthly Net Salary (After Tax)

$1,107 MX$19.0K

20-Year Fixed Mortgage Interest Rate (Annual %)

11.34

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

Last update for Mexico City: June 7, 2026

Last update for Reykjahlid: June 8, 2026

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 Reykjahlid: Cost of Living - Frequently Asked Questions

Mexico City and Reykjahlid differ by about 730% in total monthly costs ($1,447 vs $174 including rent). Reykjahlid is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

You'd need roughly $2,171 in Mexico City and $262 in Reykjahlid to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Supermarket bills run roughly 1121% higher in Mexico City. For households that cook at home regularly, that difference adds up over a month.

All in, you'll spend $1,447 per month in Mexico City versus $174 in Reykjahlid – a 730% gap that adds up to real savings over time for anyone picking the cheaper option.

At $174 in Reykjahlid versus $1,447 in Mexico City, a $2,000 budget is realistic in Reykjahlid but tight or insufficient in Mexico City. The gap between the two cities makes Reykjahlid 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.

Safety-wise, Mexico City and Reykjahlid are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Reykjahlid gentler on the wallet – expenses run 730% less than in Mexico City. Beyond cost, consider language, visa policies, and how big the international community is in each city.