Cost of living comparison
Mexico is 48.0% cheaper than Iceland.
If you lived in Mexico instead of Iceland, you would:
pay 57.8% less for restaurants
|
Iceland
|
Mexico
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,670
|
$8.83
MX$179.64
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,332
|
$7.25
MX$147.55
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK387
|
$1.11
MX$22.55
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK278
|
$0.84
MX$17.00
|
|
pay 37.0% less for groceries
|
Iceland
|
Mexico
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK407
|
$2.35
MX$47.88
|
|
| Local cheese (8 oz) |
$7.27
ISK1,000
|
$3.62
MX$73.68
|
|
| Milk (1 gallon) |
$6.01
ISK827
|
$5.17
MX$105.27
|
|
|
Eggs
1 dozen
|
$5.42
ISK746
|
$2.18
MX$44.35
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,171
|
$3.12
MX$63.57
|
|
| Apples (1 lb) |
$1.22
ISK168
|
$1.08
MX$22.03
|
|
| Bananas (1 lb) |
$1.03
ISK141
|
$0.57
MX$11.54
|
|
| Oranges (1 lb) |
$1.17
ISK161
|
$0.71
MX$14.38
|
|
| Tomatoes (1 lb) |
$1.87
ISK258
|
$0.70
MX$14.21
|
|
| Potatoes (1 lb) |
$1.23
ISK170
|
$0.81
MX$16.41
|
|
| Onions (1 lb) |
$0.78
ISK108
|
$0.73
MX$14.94
|
|
pay 47.4% less for transportation
|
Iceland
|
Mexico
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,151
|
$4.48
MX$91.15
|
|
| Monthly public transit pass |
$71.28
ISK9,812
|
$26.30
MX$535.11
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,596,940
|
$19,957.31
MX$406,034.38
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK3,033
|
$15.63
MX$317.93
|
|
pay 58.8% less for housing
|
Iceland
|
Mexico
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK9,935
|
$26.71
MX$543.47
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK253,006
|
$486.26
MX$9,893.09
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK206,168
|
$362.30
MX$7,371.00
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK7,986
|
$44.69
MX$909.18
|
|
pay 25.5% less for childcare
|
Iceland
|
Mexico
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK35,536
|
$205.12
MX$4,173.13
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK825,073
|
$4,165.20
MX$84,741.61
|
|
pay 59.6% less for entertainment and sports
|
Iceland
|
Mexico
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,265
|
$2.16
MX$43.88
|
|
| Cappuccino in mid-range area |
$4.65
ISK640
|
$2.84
MX$57.77
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,618
|
$3.78
MX$76.98
|
|
| Monthly membership at local gym |
$61.46
ISK8,460
|
$33.67
MX$684.95
|
|
| Movie ticket to theater/cinema |
$14.35
ISK1,975
|
$4.39
MX$89.32
|
|
pay 50.2% less for clothing
|
Iceland
|
Mexico
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK15,311
|
$45.84
MX$932.65
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK8,216
|
$36.33
MX$739.12
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK20,372
|
$82.04
MX$1,669.11
|
|
| Men's business shoes (leather) |
$184.49
ISK25,396
|
$76.65
MX$1,559.39
|
|
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