Last update: Oct 2026

Cost of Living Comparison Between Playa del Carmen and Egilsstadir

For one person, living is cheaper in Egilsstadir: $623 a month against $1,215 in Playa del Carmen, rent and utilities included – about $7,100 less a year. Rent and utilities account for most of the difference.

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Cost of Living Index in Playa del Carmen
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Playa del Carmen Living Index

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Playa del Carmen

🇲🇽 Mexico

$1,215

/mo nomad

Egilsstadir

🇮🇸 Iceland

$623

/mo nomad

Monthly Cost of Living

How much you'll spend in Playa del Carmen and in Egilsstadir

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Playa del Carmen and in Egilsstadir actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,215 in Playa del Carmen versus $623 in Egilsstadir.

Playa del Carmen $1,215
Egilsstadir $623

Estimated couple costs with rent: $2,144 in Playa del Carmen versus $1,044 in Egilsstadir.

Playa del Carmen $2,144
Egilsstadir $1,044

Monthly costs for a family of three with rent: $3,072 in Playa del Carmen versus $1,465 in Egilsstadir.

Playa del Carmen $3,072
Egilsstadir $1,465

Living in Playa del Carmen is roughly 95% more expensive than in Egilsstadir, and outside of rent the biggest gap is in groceries.

Both cities sit below the global median: Playa del Carmen 9% lower, Egilsstadir 53% lower.

Meal at Budget Restaurant

$10.97 MX$201

Three-Course Dinner for Two, Mid-Range

$44.85 MX$823

Fast Food Meal (McDonalds, etc)

$11.92 MX$219

Cappuccino

$3.80 MX$69.9

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

$1.31 MX$24.08

Water (0.33 liter bottle)

$0.86 MX$15.72

Local Beer (0.5 liter draught)

$3.21 MX$59.0

Imported Beer (0.33 liter bottle)

$5.01 MX$92.0

Milk (1 liter)

$1.46 MX$26.77

$1.70 ISK 207

-14.12%

White Bread (500g)

$2.33 MX$42.72

$2.85 ISK 348

-18.25%

Rice (white) (1kg)

$1.44 MX$26.48

$2.48 ISK 302

-41.94%

Eggs

$2.46 MX$45.20

$5.85 ISK 713

-57.95%

Local Cheese (1kg)

$7.70 MX$141

$22.28 ISK 2,717

-65.44%

Chicken Fillets (1kg)

$7.89 MX$145

$33.23 ISK 4,052

-76.26%

Beef Round Steak (1kg)

$12.80 MX$235

$43.56 ISK 5,312

-70.62%

Apples (1kg)

$2.92 MX$53.6

$2.70 ISK 329

8.15%

Banana (1kg)

$1.42 MX$26.11

$2.45 ISK 298

-42.04%

Oranges (1kg)

$2.57 MX$47.10

$2.54 ISK 310

1.18%

Tomato (1kg)

$2.14 MX$39.24

$3.85 ISK 469

-44.42%

Potato (1kg)

$1.95 MX$35.75

$4.40 ISK 536

-55.68%

Onion (1kg)

$1.94 MX$35.55

$2.11 ISK 257

-8.06%

Lettuce (1 head)

$1.15 MX$21.13

$2.20 ISK 268

-47.73%

Water (1.5 liter bottle)

$1.22 MX$22.42

$2.22 ISK 271

-45.05%

Cigarettes 20 Pack (Marlboro, Camel)

$4.38 MX$80.3

Wine (Bottle)

$9.85 MX$181

$22.37 ISK 2,728

-55.97%

Local Beer (0.5 liter bottle)

$1.54 MX$28.23

$3.99 ISK 487

-61.40%

Imported Beer (0.33 liter bottle)

$2.72 MX$49.86

$3.56 ISK 434

-23.60%

One-way Ticket (Public Transport)

$0.52 MX$9.64

Public Transport Monthly Pass (Regular Price)

$27.42 MX$503

Taxi Start (Normal Tariff)

$4.91 MX$90.2

$6.11 ISK 745

-19.64%

Taxi (Normal Tariff) (1km)

$3.52 MX$64.7

Taxi 1hour Waiting (Normal Tariff)

$5.69 MX$104

Gasoline (1 liter)

$1.54 MX$28.27

$2.33 ISK 284

-33.91%

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

$21.2K MX$389.9K

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

$24.5K MX$449.6K

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

$83.6 MX$1,535

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

$24.03 MX$441

Internet (50+ Mbps, Unlimited Data)

$29.33 MX$539

Gym Membership (Monthly)

$64.9 MX$1,191

Tennis Court (1 Hour on Weekend)

$29.46 MX$541

Cinema Ticket

$5.09 MX$93.4

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

$208 MX$3,813

International Primary School, 1 Child (Yearly)

$4,045 MX$74.3K

Jeans (Levis 501 Or Similar)

$44.55 MX$818

Summer Dress (H&M, Zara, etc)

$42.06 MX$772

Sport Shoes (Adidas, Nike)

$75.5 MX$1,387

Men's Leather Business Shoes

$91.4 MX$1,678

1-bedroom Apartment, City Center (Monthly)

$986 MX$18.1K

1-bedroom Apartment, Outside City Center (Monthly)

$385 MX$7,072

3-bedroom Apartment, City Center (Monthly)

$1,713 MX$31.5K

3-bedroom Apartment, Outside City Center (Monthly)

$1,108 MX$20.4K

Buy Apartment in City Center (m2)

$4,016 MX$73.7K

Buy Apartment Outside City Center (m2)

$6,247 MX$114.7K

Average Monthly Net Salary (After Tax)

$758 MX$13.9K

20-Year Fixed Mortgage Interest Rate (Annual %)

11.45

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

Last update for Playa del Carmen: October 4, 2026

Last update for Egilsstadir: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Playa del Carmen

$385 31.4%

Egilsstadir

–

Groceries & Markets

Playa del Carmen

$260 21.2%

Egilsstadir

–

Eating Out

Playa del Carmen

$204 16.6%

Egilsstadir

–

Monthly Utilities & Internet

Playa del Carmen

$137 11.2%

Egilsstadir

–

Clothing & Footwear

Playa del Carmen

$114 9.3%

Egilsstadir

–

Sport & Entertainment

Playa del Carmen

$75 6.1%

Egilsstadir

–

Getting Around

Playa del Carmen

$52 4.2%

Egilsstadir

–

Good to know

🇲🇽 Playa del Carmen

🇮🇸 Egilsstadir

🕒 Local time

05:40 5:40 AM

10:40 10:40 AM

5 h ahead of Playa del Carmen

🌤 Weather

👥 Population

149,923

2,500

💱 Currency

Mexican Peso MXN $

Icelandic Króna ISK kr

📈 Exchange rate

100 MXN = 5.45 USD

100 MXN = 4.86 EUR

1,000 ISK = 8.2 USD

1,000 ISK = 7.32 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 October 10, 2026: 1 USD = 18.36 MXN (100 MXN = 5.45 USD). 1 EUR = 20.57 MXN (100 MXN = 4.86 EUR).

Icelandic Króna exchange rates as of October 10, 2026: 1 USD = 122 ISK (1,000 ISK = 8.2 USD). 1 EUR = 137 ISK (1,000 ISK = 7.32 EUR).

USD to MXN in detail →

On the map

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Playa del Carmen Egilsstadir 7,130 km ≈ 9 h nonstop flight

From you

Playa del Carmen
Egilsstadir

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

Playa del Carmen vs Egilsstadir: Cost of Living - Frequently Asked Questions

Egilsstadir is cheaper overall, especially in eating out, clothing, and leisure. The 95% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $1,823 in Playa del Carmen and $935 in Egilsstadir 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.

Shoppers in Playa del Carmen pay roughly 140% less for everyday groceries. It's an unusual reversal that partly offsets higher costs elsewhere.

All in, you'll spend $1,215 per month in Playa del Carmen versus $623 in Egilsstadir – a 95% gap that adds up to real savings over time for anyone picking the cheaper option.

At $623 in Egilsstadir versus $1,215 in Playa del Carmen, a $1,500 budget is realistic in Egilsstadir but tight or insufficient in Playa del Carmen. The gap between the two cities makes Egilsstadir the clear choice for anyone on this budget.

For families, Egilsstadir is more practical. Housing and childcare are both notably cheaper than in Playa del Carmen, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Playa del Carmen and Egilsstadir 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 Egilsstadir gentler on the wallet – expenses run 95% less than in Playa del Carmen. Beyond cost, consider language, visa policies, and how big the international community is in each city.