Last Updated: Feb 2026

Mexico Visa vs Iceland

Side-by-side comparison of tax rules, income requirements, and visa difficulty.

CriteriaMexicoIceland
Income$2,600/mo$7,800/mo
Savings Option$44,000 for 12 monthsN/A
Visa Fee$50$100
Processing1-2 weeks3-4 weeks
Validity1 year (renewable to 4)6 months
Cost TierMediumUltra-High
Nomad Cost (est.)~$2,400/mo~$5,500/mo
1BR Rent~$1000~$1900
Internet70 Mbps150 Mbps
Pet Friendliness8/102/10
Tax trigger183 days180 days
Insurance requiredNoYes
Pet Catch (2026)Mexico is very easy to enter with pets from the US/Canada; since 2024, they've simplified the process to a simple inspection by SENASICA at the airport.Almost impossible for a 6-month stay.

Travel Insurance Required

Mexico deep-diveIceland deep-dive