Cost of living comparison
Reykjavik is 2.0 times more expensive than Cancun.
If you lived in Reykjavik instead of Cancun, you would:
pay 2.0 times more for restaurants
|
Cancun
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$9.93
MX$199.37
|
$20.00
ISK2,783
|
|
|
Fast food combo meal
McDonalds, or similar
|
$9.43
MX$189.40
|
$18.02
ISK2,507
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.43
MX$28.70
|
$3.15
ISK439
|
|
| Bottle of water (11 fl. oz) |
$1.14
MX$22.99
|
$2.19
ISK304
|
|
pay 73.9% more for groceries
|
Cancun
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.43
MX$48.75
|
$3.61
ISK502
|
|
| Local cheese (8 oz) |
$4.61
MX$92.62
|
$7.76
ISK1,079
|
|
| Milk (1 gallon) |
$5.07
MX$101.88
|
$6.40
ISK891
|
|
|
Eggs
1 dozen
|
$2.01
MX$40.27
|
$5.76
ISK801
|
|
| Boneless chicken breast (1 lb) |
$2.93
MX$58.78
|
$9.45
ISK1,314
|
|
| Apples (1 lb) |
$1.30
MX$26.20
|
$1.40
ISK195
|
|
| Bananas (1 lb) |
$0.71
MX$14.21
|
$1.01
ISK140
|
|
| Oranges (1 lb) |
$1.35
MX$27.19
|
$1.22
ISK169
|
|
| Tomatoes (1 lb) |
$0.81
MX$16.32
|
$2.22
ISK309
|
|
| Potatoes (1 lb) |
$0.94
MX$18.84
|
$1.43
ISK200
|
|
| Onions (1 lb) |
$1.00
MX$20.17
|
$0.93
ISK130
|
|
pay 51.0% more for transportation
|
Cancun
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.60
MX$92.34
|
$8.50
ISK1,183
|
|
| Monthly public transit pass |
$51.58
MX$1,035.85
|
$74.95
ISK10,428
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$24,820.02
MX$498,418.34
|
$42,450.45
ISK5,906,131
|
|
| Taxi trip in downtown area (5 miles) |
$23.39
MX$469.78
|
$24.05
ISK3,346
|
|
pay 2.4 times more for housing
|
Cancun
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$30.99
MX$622.28
|
$69.87
ISK9,720
|
|
| 1-Bedroom apartment in downtown area |
$695.82
MX$13,973.06
|
$1,971.17
ISK274,249
|
|
| 1-Bedroom apartment outside city center |
$446.76
MX$8,971.53
|
$1,803.44
ISK250,913
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$80.85
MX$1,623.61
|
$53.95
ISK7,507
|
|
pay 30.6% more for childcare
|
Cancun
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$181.19
MX$3,638.45
|
$252.14
ISK35,080
|
|
| Middle school for 1 child, two semesters |
$4,914.36
MX$98,686.83
|
$5,993.99
ISK833,944
|
|
pay 3.2 times more for entertainment and sports
|
Cancun
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.24
MX$45.00
|
$10.81
ISK1,504
|
|
| Cappuccino in mid-range area |
$3.26
MX$65.49
|
$5.31
ISK738
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.97
MX$79.75
|
$12.25
ISK1,704
|
|
| Monthly membership at local gym |
$23.14
MX$464.69
|
$69.95
ISK9,732
|
|
| Movie ticket to theater/cinema |
$4.47
MX$89.72
|
$14.77
ISK2,056
|
|
pay 90.2% more for clothing
|
Cancun
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$48.13
MX$966.59
|
$108.97
ISK15,161
|
|
|
Regular dress
from H&M or similar store
|
$35.59
MX$714.67
|
$49.72
ISK6,918
|
|
|
Running shoes
Nike or Adidas
|
$79.42
MX$1,594.94
|
$151.85
ISK21,127
|
|
| Men's business shoes (leather) |
$95.32
MX$1,914.22
|
$194.16
ISK27,013
|
|
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