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

😐 Solo nomad: Reykjavik is 115.5% more expensive than Mexico City without rent, and 155.4% more expensive with rent.

😐 Family of 3: Reykjavik is 121.4% more expensive than Mexico City without rent, and 123.4% more expensive with rent.

Meal at Budget Restaurant

$26.47 ISK 3,231

$13.29 MX$230

99.17%

Three-Course Dinner for Two, Mid-Range

$142 ISK 17.4K

$53.8 MX$929

164.52%

Fast Food Meal (McDonalds, etc)

$22.61 ISK 2,760

$9.29 MX$161

143.38%

Cappuccino

$6.17 ISK 753

$3.61 MX$62.4

70.91%

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

$3.35 ISK 409

$1.56 MX$26.92

114.74%

Water (0.33 liter bottle)

$2.63 ISK 321

$1.12 MX$19.38

134.82%

Local Beer (0.5 liter draught)

$12.64 ISK 1,543

$3.13 MX$54.0

303.83%

Imported Beer (0.33 liter bottle)

$11.33 ISK 1,384

$4.71 MX$81.4

140.55%

Milk (1 liter)

$1.93 ISK 236

$1.70 MX$29.42

13.53%

White Bread (500g)

$4.15 ISK 507

$2.77 MX$47.84

49.82%

Rice (white) (1kg)

$3.74 ISK 456

$1.96 MX$33.91

90.82%

Eggs

$6.27 ISK 766

$2.60 MX$45.03

141.15%

Local Cheese (1kg)

$17.92 ISK 2,188

$9.94 MX$172

80.28%

Chicken Fillets (1kg)

$24.05 ISK 2,936

$8.10 MX$140

196.91%

Beef Round Steak (1kg)

$42.07 ISK 5,136

$11.50 MX$199

265.83%

Apples (1kg)

$3.22 ISK 393

$2.87 MX$49.64

12.20%

Banana (1kg)

$2.52 ISK 307

$1.73 MX$29.95

45.66%

Oranges (1kg)

$3.09 ISK 377

$2.00 MX$34.59

54.50%

Tomato (1kg)

$5.09 ISK 621

$2.04 MX$35.24

149.51%

Potato (1kg)

$3.58 ISK 437

$2.08 MX$36.00

72.12%

Onion (1kg)

$2.44 ISK 297

$2.20 MX$37.96

10.91%

Lettuce (1 head)

$3.18 ISK 389

$1.45 MX$25.13

119.31%

Water (1.5 liter bottle)

$1.94 ISK 237

$1.07 MX$18.56

81.31%

Cigarettes 20 Pack (Marlboro, Camel)

$13.71 ISK 1,674

$4.27 MX$73.9

221.08%

Wine (Bottle)

$22.59 ISK 2,758

$14.32 MX$248

57.75%

Local Beer (0.5 liter bottle)

$3.55 ISK 434

$1.76 MX$30.50

101.70%

Imported Beer (0.33 liter bottle)

$3.33 ISK 406

$3.70 MX$63.9

-10.00%

One-way Ticket (Public Transport)

$5.28 ISK 644

$0.35 MX$6.10

1408.57%

Public Transport Monthly Pass (Regular Price)

$87.1 ISK 10.6K

$19.19 MX$332

353.67%

Taxi Start (Normal Tariff)

$6.25 ISK 763

$1.34 MX$23.09

366.42%

Taxi (Normal Tariff) (1km)

$2.51 ISK 307

$0.28 MX$4.81

796.43%

Taxi 1hour Waiting (Normal Tariff)

$84.7 ISK 10.3K

$5.33 MX$92.2

1489.68%

Gasoline (1 liter)

$2.46 ISK 300

$1.34 MX$23.18

83.58%

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

$46.5K ISK 5.7M

$19.1K MX$330.6K

143.02%

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

$51.5K ISK 6.3M

$23.9K MX$412.9K

115.63%

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

$87.7 ISK 10.7K

$39.86 MX$689

119.99%

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

$27.91 ISK 3,407

$26.78 MX$463

4.22%

Internet (50+ Mbps, Unlimited Data)

$84.5 ISK 10.3K

$29.36 MX$508

187.74%

Gym Membership (Monthly)

$82.7 ISK 10.1K

$53.4 MX$924

54.71%

Tennis Court (1 Hour on Weekend)

$37.97 ISK 4,635

$26.09 MX$451

45.53%

Cinema Ticket

$17.78 ISK 2,170

$6.40 MX$111

177.81%

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

$324 ISK 39.6K

$440 MX$7,616

-26.34%

International Primary School, 1 Child (Yearly)

$29.7K ISK 3.6M

$10.8K MX$185.9K

175.88%

Jeans (Levis 501 Or Similar)

$140 ISK 17.1K

$57.6 MX$996

143.32%

Summer Dress (H&M, Zara, etc)

$60.6 ISK 7,399

$45.02 MX$778

34.65%

Sport Shoes (Adidas, Nike)

$181 ISK 22.1K

$104 MX$1,794

74.79%

Men's Leather Business Shoes

$263 ISK 32.1K

$108 MX$1,866

143.27%

1-bedroom Apartment, City Center (Monthly)

$2,250 ISK 274.7K

$1,013 MX$17.5K

122.13%

1-bedroom Apartment, Outside City Center (Monthly)

$2,007 ISK 245.0K

$630 MX$10.9K

218.88%

3-bedroom Apartment, City Center (Monthly)

$3,118 ISK 380.6K

$2,162 MX$37.4K

44.21%

3-bedroom Apartment, Outside City Center (Monthly)

$2,755 ISK 336.3K

$1,222 MX$21.1K

125.49%

Buy Apartment in City Center (m2)

$8,013 ISK 978.1K

$3,793 MX$65.6K

111.26%

Buy Apartment Outside City Center (m2)

$6,528 ISK 796.9K

$2,332 MX$40.3K

179.95%

Average Monthly Net Salary (After Tax)

$4,449 ISK 543.1K

$1,075 MX$18.6K

313.93%

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: April 14, 2026

Last update for Mexico City: April 11, 2026

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

Reykjavik vs other spots: cost of living compared

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