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

😐 Solo nomad: Reykjavik is 114.1% more expensive than Mexico City without rent, and 161.9% more expensive with rent.

😐 Family of 3: Reykjavik is 126.7% more expensive than Mexico City without rent, and 123.4% more expensive with rent.

Meal at Budget Restaurant

$27.22 ISK 3,375

$13.12 MX$232

107.47%

Three-Course Dinner for Two, Mid-Range

$145 ISK 17.9K

$53.8 MX$950

168.91%

Fast Food Meal (McDonalds, etc)

$22.41 ISK 2,778

$9.40 MX$166

138.40%

Cappuccino

$5.94 ISK 737

$3.56 MX$62.9

66.85%

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

$3.26 ISK 404

$1.60 MX$28.29

103.75%

Water (0.33 liter bottle)

$2.54 ISK 315

$1.15 MX$20.38

120.87%

Local Beer (0.5 liter draught)

$12.83 ISK 1,591

$3.16 MX$55.7

306.01%

Imported Beer (0.33 liter bottle)

$11.46 ISK 1,421

$4.85 MX$85.5

136.29%

Milk (1 liter)

$1.88 ISK 234

$1.63 MX$28.84

15.34%

White Bread (500g)

$4.33 ISK 537

$2.73 MX$48.26

58.61%

Rice (white) (1kg)

$3.57 ISK 443

$1.88 MX$33.16

89.89%

Eggs

$6.56 ISK 813

$2.63 MX$46.45

149.43%

Local Cheese (1kg)

$18.18 ISK 2,254

$9.89 MX$175

83.82%

Chicken Fillets (1kg)

$24.52 ISK 3,040

$8.40 MX$148

191.90%

Beef Round Steak (1kg)

$42.03 ISK 5,212

$11.63 MX$205

261.39%

Apples (1kg)

$3.20 ISK 397

$2.97 MX$52.5

7.74%

Banana (1kg)

$2.42 ISK 300

$1.78 MX$31.50

35.96%

Oranges (1kg)

$3.06 ISK 380

$2.06 MX$36.28

48.54%

Tomato (1kg)

$4.86 ISK 603

$1.97 MX$34.86

146.70%

Potato (1kg)

$3.66 ISK 454

$2.09 MX$36.82

75.12%

Onion (1kg)

$2.34 ISK 290

$2.26 MX$39.87

3.54%

Lettuce (1 head)

$3.14 ISK 389

$1.46 MX$25.74

115.07%

Water (1.5 liter bottle)

$2.02 ISK 251

$1.09 MX$19.24

85.32%

Cigarettes 20 Pack (Marlboro, Camel)

$13.91 ISK 1,725

$4.34 MX$76.6

220.51%

Wine (Bottle)

$23.74 ISK 2,944

$13.62 MX$240

74.30%

Local Beer (0.5 liter bottle)

$3.69 ISK 458

$1.67 MX$29.54

120.96%

Imported Beer (0.33 liter bottle)

$3.23 ISK 400

$3.54 MX$62.5

-8.76%

One-way Ticket (Public Transport)

$5.29 ISK 656

$0.36 MX$6.35

1369.44%

Public Transport Monthly Pass (Regular Price)

$88.2 ISK 10.9K

$18.96 MX$335

365.24%

Taxi Start (Normal Tariff)

$6.54 ISK 811

$1.32 MX$23.36

395.45%

Taxi (Normal Tariff) (1km)

$2.60 ISK 323

$0.30 MX$5.32

766.67%

Taxi 1hour Waiting (Normal Tariff)

$85.8 ISK 10.6K

$5.49 MX$96.9

1462.84%

Gasoline (1 liter)

$2.51 ISK 312

$1.34 MX$23.59

87.31%

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

$47.1K ISK 5.8M

$19.1K MX$337.4K

146.59%

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

$52.6K ISK 6.5M

$23.8K MX$419.4K

121.15%

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

$89.2 ISK 11.1K

$41.11 MX$726

116.88%

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

$27.07 ISK 3,356

$27.78 MX$490

-2.56%

Internet (50+ Mbps, Unlimited Data)

$84.2 ISK 10.4K

$30.00 MX$530

180.53%

Gym Membership (Monthly)

$84.0 ISK 10.4K

$53.5 MX$945

56.85%

Tennis Court (1 Hour on Weekend)

$38.09 ISK 4,722

$26.13 MX$461

45.77%

Cinema Ticket

$17.42 ISK 2,160

$6.28 MX$111

177.39%

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

$324 ISK 40.1K

$439 MX$7,755

-26.33%

International Primary School, 1 Child (Yearly)

$30.5K ISK 3.8M

$10.7K MX$189.6K

183.58%

Jeans (Levis 501 Or Similar)

$141 ISK 17.5K

$57.1 MX$1,008

147.67%

Summer Dress (H&M, Zara, etc)

$62.6 ISK 7,765

$45.30 MX$800

38.26%

Sport Shoes (Adidas, Nike)

$183 ISK 22.7K

$104 MX$1,840

75.83%

Men's Leather Business Shoes

$268 ISK 33.2K

$108 MX$1,911

147.56%

1-bedroom Apartment, City Center (Monthly)

$2,197 ISK 272.4K

$996 MX$17.6K

120.53%

1-bedroom Apartment, Outside City Center (Monthly)

$2,053 ISK 254.6K

$624 MX$11.0K

229.20%

3-bedroom Apartment, City Center (Monthly)

$3,159 ISK 391.6K

$2,106 MX$37.2K

49.95%

3-bedroom Apartment, Outside City Center (Monthly)

$2,728 ISK 338.3K

$1,218 MX$21.5K

123.92%

Buy Apartment in City Center (m2)

$7,833 ISK 971.2K

$3,799 MX$67.0K

106.20%

Buy Apartment Outside City Center (m2)

$6,268 ISK 777.2K

$2,230 MX$39.4K

181.06%

Average Monthly Net Salary (After Tax)

$4,471 ISK 554.4K

$1,096 MX$19.4K

307.78%

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: March 3, 2026

Last update for Mexico City: March 1, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

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