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

😐 Solo nomad: Reykjavik is 123.9% more expensive than Mexico City without rent, and 164% more expensive with rent.

😐 Family of 3: Reykjavik is 124.1% more expensive than Mexico City without rent, and 125.4% more expensive with rent.

Meal at Budget Restaurant

$26.70 ISK 3,364

$13.19 MX$233

102.43%

Three-Course Dinner for Two, Mid-Range

$145 ISK 18.2K

$53.5 MX$944

170.38%

Fast Food Meal (McDonalds, etc)

$22.39 ISK 2,820

$9.37 MX$165

138.95%

Cappuccino

$6.06 ISK 764

$3.75 MX$66.2

61.60%

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

$3.28 ISK 414

$1.57 MX$27.71

108.92%

Water (0.33 liter bottle)

$2.62 ISK 330

$1.11 MX$19.61

136.04%

Local Beer (0.5 liter draught)

$13.02 ISK 1,640

$3.12 MX$55.1

317.31%

Imported Beer (0.33 liter bottle)

$11.28 ISK 1,421

$4.81 MX$84.9

134.51%

Milk (1 liter)

$1.87 ISK 235

$1.65 MX$29.16

13.33%

White Bread (500g)

$4.32 ISK 544

$2.77 MX$48.87

55.96%

Rice (white) (1kg)

$3.71 ISK 468

$1.91 MX$33.67

94.24%

Eggs

$6.52 ISK 821

$2.60 MX$45.81

150.77%

Local Cheese (1kg)

$18.16 ISK 2,288

$10.21 MX$180

77.86%

Chicken Fillets (1kg)

$23.83 ISK 3,002

$8.46 MX$149

181.68%

Beef Round Steak (1kg)

$42.83 ISK 5,395

$11.60 MX$205

269.22%

Apples (1kg)

$3.37 ISK 424

$3.00 MX$52.9

12.33%

Banana (1kg)

$2.50 ISK 315

$1.73 MX$30.49

44.51%

Oranges (1kg)

$3.03 ISK 382

$2.04 MX$36.05

48.53%

Tomato (1kg)

$4.98 ISK 627

$2.00 MX$35.34

149.00%

Potato (1kg)

$3.66 ISK 461

$2.15 MX$37.91

70.23%

Onion (1kg)

$2.40 ISK 302

$2.25 MX$39.71

6.67%

Lettuce (1 head)

$3.06 ISK 386

$1.39 MX$24.57

120.14%

Water (1.5 liter bottle)

$2.01 ISK 253

$1.07 MX$18.88

87.85%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 ISK 1,741

$4.13 MX$73.0

234.62%

Wine (Bottle)

$23.58 ISK 2,971

$12.35 MX$218

90.93%

Local Beer (0.5 liter bottle)

$3.55 ISK 447

$1.70 MX$30.02

108.82%

Imported Beer (0.33 liter bottle)

$3.24 ISK 408

$3.56 MX$62.8

-8.99%

One-way Ticket (Public Transport)

$5.19 ISK 654

$0.36 MX$6.35

1341.67%

Public Transport Monthly Pass (Regular Price)

$87.7 ISK 11.0K

$18.70 MX$330

368.82%

Taxi Start (Normal Tariff)

$6.18 ISK 778

$1.36 MX$24.05

354.41%

Taxi (Normal Tariff) (1km)

$2.64 ISK 333

$0.28 MX$4.88

842.86%

Taxi 1hour Waiting (Normal Tariff)

$87.3 ISK 11.0K

$5.44 MX$96.0

1504.23%

Gasoline (1 liter)

$2.56 ISK 322

$1.34 MX$23.64

91.04%

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

$48.0K ISK 6.0M

$19.0K MX$335.5K

152.32%

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

$52.5K ISK 6.6M

$23.3K MX$411.1K

125.32%

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

$88.6 ISK 11.2K

$40.62 MX$717

118.22%

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

$27.96 ISK 3,522

$26.92 MX$475

3.86%

Internet (50+ Mbps, Unlimited Data)

$84.7 ISK 10.7K

$29.98 MX$529

182.42%

Gym Membership (Monthly)

$81.7 ISK 10.3K

$52.2 MX$922

56.43%

Tennis Court (1 Hour on Weekend)

$38.00 ISK 4,786

$25.91 MX$457

46.66%

Cinema Ticket

$17.53 ISK 2,208

$6.39 MX$113

174.33%

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

$316 ISK 39.7K

$431 MX$7,603

-26.74%

International Primary School, 1 Child (Yearly)

$30.1K ISK 3.8M

$10.4K MX$184.0K

188.80%

Jeans (Levis 501 Or Similar)

$140 ISK 17.6K

$58.4 MX$1,031

138.98%

Summer Dress (H&M, Zara, etc)

$62.4 ISK 7,863

$44.65 MX$788

39.80%

Sport Shoes (Adidas, Nike)

$182 ISK 22.9K

$103 MX$1,823

76.08%

Men's Leather Business Shoes

$264 ISK 33.2K

$106 MX$1,876

148.09%

1-bedroom Apartment, City Center (Monthly)

$2,225 ISK 280.3K

$998 MX$17.6K

123.06%

1-bedroom Apartment, Outside City Center (Monthly)

$2,047 ISK 257.9K

$624 MX$11.0K

227.94%

3-bedroom Apartment, City Center (Monthly)

$3,154 ISK 397.3K

$2,108 MX$37.2K

49.64%

3-bedroom Apartment, Outside City Center (Monthly)

$2,691 ISK 339.0K

$1,231 MX$21.7K

118.53%

Buy Apartment in City Center (m2)

$7,541 ISK 949.9K

$3,647 MX$64.4K

106.78%

Buy Apartment Outside City Center (m2)

$6,257 ISK 788.1K

$2,169 MX$38.3K

188.42%

Average Monthly Net Salary (After Tax)

$4,489 ISK 565.5K

$1,044 MX$18.4K

329.96%

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: January 10, 2026

Last update for Mexico City: January 13, 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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