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

😐 Solo nomad: Reykjavik is 121.4% more expensive than Mexico City without rent, and 166.3% more expensive with rent.

😐 Family of 3: Reykjavik is 119.5% more expensive than Mexico City without rent, and 124.6% more expensive with rent.

Meal at Budget Restaurant

$26.9 ISK 3,355

$13.38 MX$253

101.05%

Three-Course Dinner for Two, Mid-Range

$146 ISK 18.3K

$52.7 MX$997

177.56%

Fast Food Meal (McDonalds, etc)

$22.18 ISK 2,767

$9.31 MX$176

138.24%

Cappuccino

$6.08 ISK 758

$3.61 MX$68.3

68.42%

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

$3.4 ISK 424

$1.64 MX$30.91

107.32%

Water (0.33 liter bottle)

$2.5 ISK 312

$1.12 MX$21.14

123.21%

Local Beer (0.5 liter draught)

$12.96 ISK 1,617

$3.26 MX$61.7

297.55%

Imported Beer (0.33 liter bottle)

$11.05 ISK 1,379

$4.82 MX$91.1

129.25%

Milk (1 liter)

$1.88 ISK 234

$1.65 MX$31.24

13.94%

White Bread (500g)

$4.26 ISK 531

$2.74 MX$51.7

55.47%

Rice (white) (1kg)

$3.67 ISK 458

$1.92 MX$36.28

91.15%

Eggs

$6.51 ISK 813

$2.51 MX$47.53

159.36%

Local Cheese (1kg)

$17.83 ISK 2,224

$9.89 MX$187

80.28%

Chicken Fillets (1kg)

$24.1 ISK 3,006

$8.39 MX$159

187.25%

Beef Round Steak (1kg)

$43.22 ISK 5,391

$11.95 MX$226

261.67%

Apples (1kg)

$3.19 ISK 397

$2.87 MX$54.3

11.15%

Banana (1kg)

$2.54 ISK 317

$1.74 MX$32.85

45.98%

Oranges (1kg)

$3.09 ISK 386

$2 MX$37.81

54.50%

Tomato (1kg)

$5.03 ISK 628

$2.07 MX$39.14

143.00%

Potato (1kg)

$3.59 ISK 447

$2.05 MX$38.78

75.12%

Onion (1kg)

$2.4 ISK 300

$2.18 MX$41.22

10.09%

Lettuce (1 head)

$3.08 ISK 384

$1.38 MX$26.16

123.19%

Water (1.5 liter bottle)

$2.01 ISK 250

$1.11 MX$21.06

81.08%

Cigarettes 20 Pack (Marlboro, Camel)

$13.9 ISK 1,734

$4.16 MX$78.6

234.13%

Wine (Bottle)

$23.87 ISK 2,978

$11.05 MX$209

116.02%

Local Beer (0.5 liter bottle)

$3.62 ISK 452

$1.75 MX$33.16

106.86%

Imported Beer (0.33 liter bottle)

$3.32 ISK 414

$3.7 MX$70

-10.27%

One-way Ticket (Public Transport)

$5.27 ISK 658

$0.38 MX$7.25

1286.84%

Public Transport Monthly Pass (Regular Price)

$86.4 ISK 10.8K

$18.97 MX$359

355.56%

Taxi Start (Normal Tariff)

$6.26 ISK 781

$1.36 MX$25.72

360.29%

Taxi (Normal Tariff) (1km)

$2.53 ISK 316

$0.28 MX$5.25

803.57%

Taxi 1hour Waiting (Normal Tariff)

$85.2 ISK 10.6K

$5.3 MX$100

1507.92%

Gasoline (1 liter)

$2.57 ISK 321

$1.36 MX$25.63

88.97%

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

$47.8K ISK 6M

$18.8K MX$354.6K

154.86%

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

$52.4K ISK 6.5M

$23.4K MX$441.7K

124.30%

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

$86.5 ISK 10.8K

$39.97 MX$756

116.44%

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

$26.91 ISK 3,357

$27.48 MX$519

-2.07%

Internet (50+ Mbps, Unlimited Data)

$84.9 ISK 10.6K

$30.22 MX$571

181.01%

Gym Membership (Monthly)

$82.7 ISK 10.3K

$52.6 MX$994

57.21%

Tennis Court (1 Hour on Weekend)

$38.2 ISK 4,765

$26.84 MX$507

42.32%

Cinema Ticket

$17.83 ISK 2,225

$6.32 MX$120

182.12%

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

$318 ISK 39.7K

$437 MX$8,258

-27.09%

International Primary School, 1 Child (Yearly)

$29.9K ISK 3.7M

$10.6K MX$199.9K

183.14%

Jeans (Levis 501 Or Similar)

$141 ISK 17.6K

$57.2 MX$1,082

146.36%

Summer Dress (H&M, Zara, etc)

$62.4 ISK 7,785

$45.14 MX$853

38.24%

Sport Shoes (Adidas, Nike)

$183 ISK 22.9K

$102 MX$1,928

79.80%

Men's Leather Business Shoes

$267 ISK 33.3K

$109 MX$2,056

145.37%

1-bedroom Apartment, City Center (Monthly)

$2,179 ISK 271.8K

$1,000 MX$18.9K

117.97%

1-bedroom Apartment, Outside City Center (Monthly)

$2,000 ISK 249.6K

$622 MX$11.8K

221.55%

3-bedroom Apartment, City Center (Monthly)

$3,152 ISK 393.2K

$2,160 MX$40.8K

45.92%

3-bedroom Apartment, Outside City Center (Monthly)

$2,726 ISK 340.1K

$1,235 MX$23.3K

120.73%

Buy Apartment in City Center (m2)

$7,821 ISK 975.7K

$3,566 MX$67.4K

119.33%

Buy Apartment Outside City Center (m2)

$6,501 ISK 811K

$2,480 MX$46.9K

162.13%

Average Monthly Net Salary (After Tax)

$4,376 ISK 546K

$867 MX$16.4K

404.53%

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

11.34

-15.08%

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

Last update for Reykjavik: October 28, 2025

Last update for Mexico City: October 28, 2025

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