Is the cost of living in Mexico City high?

"The cost of living in Mexico City varies significantly based on lifestyle and location choice. Housing prices and rental costs in some areas can be fairly low compared to other large metropolitan cities, while other upscale neighborhoods or city centers can be comparatively more expensive. Additionally, transportation is inexpensive, with bus and subway fares costing mere pesos and taxi rides often costing less than a few US dollars. Groceries and other everyday items, such as clothes and school supplies, can also cost less than many US cities. Despite this, dining out and entertainment can still be more expensive in some areas," mentioned another expat when asked about moving to Mexico City, Mexico.