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

Monthly Cost of Living

Monthly costs for one person with rent: $1,467 in Mexico City versus $1,477 in Vestmanna.

Estimated couple costs with rent: $2,371 in Mexico City versus $2,195 in Vestmanna.

Monthly costs for a family of three with rent: $3,274 in Mexico City versus $2,912 in Vestmanna.

Living in Mexico City costs roughly 1% less than in Vestmanna, driven mainly by Eating Out.

Both cities are pricier than the global median: Mexico City 10% above, Vestmanna 10% above.

Meal at Budget Restaurant

$13.18 MX$228

Three-Course Dinner for Two, Mid-Range

$53.9 MX$934

Fast Food Meal (McDonalds, etc)

$9.42 MX$163

Cappuccino

$3.55 MX$61.5

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

$1.62 MX$28.03

Water (0.33 liter bottle)

$1.11 MX$19.31

Local Beer (0.5 liter draught)

$3.12 MX$54.1

Imported Beer (0.33 liter bottle)

$4.63 MX$80.2

Milk (1 liter)

$1.70 MX$29.48

$2.23 FOK 14.34

-23.77%

White Bread (500g)

$2.72 MX$47.10

$3.86 FOK 24.78

-29.53%

Rice (white) (1kg)

$1.91 MX$33.13

Eggs

$2.54 MX$43.94

$4.44 FOK 28.51

-42.79%

Local Cheese (1kg)

$10.03 MX$174

$18.44 FOK 118

-45.61%

Chicken Fillets (1kg)

$8.09 MX$140

$15.07 FOK 96.7

-46.32%

Beef Round Steak (1kg)

$11.62 MX$201

$27.99 FOK 180

-58.49%

Apples (1kg)

$2.97 MX$51.4

$3.02 FOK 19.41

-1.66%

Banana (1kg)

$1.81 MX$31.30

$2.36 FOK 15.15

-23.31%

Oranges (1kg)

$2.01 MX$34.88

$3.15 FOK 20.20

-36.19%

Tomato (1kg)

$2.03 MX$35.26

$3.01 FOK 19.34

-32.56%

Potato (1kg)

$2.12 MX$36.82

$2.36 FOK 15.13

-10.17%

Onion (1kg)

$2.27 MX$39.32

$3.05 FOK 19.58

-25.57%

Lettuce (1 head)

$1.40 MX$24.26

Water (1.5 liter bottle)

$1.13 MX$19.59

$4.59 FOK 29.46

-75.38%

Cigarettes 20 Pack (Marlboro, Camel)

$4.27 MX$74.0

$10.14 FOK 65.1

-57.89%

Wine (Bottle)

$15.56 MX$270

Local Beer (0.5 liter bottle)

$1.76 MX$30.44

Imported Beer (0.33 liter bottle)

$3.60 MX$62.3

$3.90 FOK 25.02

-7.69%

One-way Ticket (Public Transport)

$0.38 MX$6.64

Public Transport Monthly Pass (Regular Price)

$19.18 MX$332

Taxi Start (Normal Tariff)

$1.38 MX$23.84

$11.06 FOK 71.0

-87.52%

Taxi (Normal Tariff) (1km)

$0.28 MX$4.79

Taxi 1hour Waiting (Normal Tariff)

$5.45 MX$94.4

Gasoline (1 liter)

$1.30 MX$22.60

$1.43 FOK 9.18

-9.09%

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

$18.7K MX$323.8K

$39.6K FOK 254.5K

-52.85%

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

$23.1K MX$400.8K

$50.0K FOK 321.1K

-53.75%

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

$40.86 MX$708

$152 FOK 977

-73.16%

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

$26.81 MX$465

Internet (50+ Mbps, Unlimited Data)

$29.96 MX$519

Gym Membership (Monthly)

$52.0 MX$901

$62.5 FOK 401

-16.75%

Tennis Court (1 Hour on Weekend)

$26.84 MX$465

Cinema Ticket

$6.30 MX$109

$17.25 FOK 111

-63.48%

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

$436 MX$7,558

$282 FOK 1,810

54.73%

International Primary School, 1 Child (Yearly)

$10.4K MX$180.5K

Jeans (Levis 501 Or Similar)

$56.7 MX$982

$126 FOK 809

-55.03%

Summer Dress (H&M, Zara, etc)

$44.38 MX$769

Sport Shoes (Adidas, Nike)

$103 MX$1,784

$123 FOK 791

-16.50%

Men's Leather Business Shoes

$106 MX$1,829

$124 FOK 795

-14.82%

1-bedroom Apartment, City Center (Monthly)

$1,022 MX$17.7K

$628 FOK 4,033

62.67%

1-bedroom Apartment, Outside City Center (Monthly)

$631 MX$10.9K

$625 FOK 4,013

0.93%

3-bedroom Apartment, City Center (Monthly)

$2,136 MX$37.0K

$1,091 FOK 7,005

95.78%

3-bedroom Apartment, Outside City Center (Monthly)

$1,243 MX$21.5K

$1,081 FOK 6,942

14.93%

Buy Apartment in City Center (m2)

$3,903 MX$67.6K

Buy Apartment Outside City Center (m2)

$2,064 MX$35.8K

Average Monthly Net Salary (After Tax)

$1,115 MX$19.3K

20-Year Fixed Mortgage Interest Rate (Annual %)

11.34

2.99

279.26%

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

Last update for Mexico City: May 31, 2026

Last update for Vestmanna: June 1, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,022 in Mexico City and $628 in Vestmanna. Housing cost is often the main lever when comparing two cities.

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 Vestmanna: Cost of Living - Frequently Asked Questions

Mexico City and Vestmanna differ by about 1% in total monthly costs ($1,467 vs $1,477 including rent). Mexico City is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

You'd need roughly $2,201 in Mexico City and $2,216 in Vestmanna 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.

Rent for a central apartment: $1,022 in Mexico City versus $628 in Vestmanna. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $436 in Mexico City versus $282 in Vestmanna. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

All in, you'll spend $1,467 per month in Mexico City versus $1,477 in Vestmanna – a 1% gap that adds up to real savings over time for anyone picking the cheaper option.

At $1,467 in Mexico City versus $1,477 in Vestmanna, a $2,000 budget is realistic in Mexico City but tight or insufficient in Vestmanna. 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.

Safety-wise, Mexico City and Vestmanna 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 Mexico City gentler on the wallet – expenses run 1% less than in Vestmanna. Beyond cost, consider language, visa policies, and how big the international community is in each city.