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
ISK2,699
|
$8.83
MX$177.31
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,357
|
$7.25
MX$145.64
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK391
|
$1.11
MX$22.26
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK281
|
$0.84
MX$16.78
|
|
pay 37.0% less for groceries
|
Iceland
|
Mexico
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK411
|
$2.35
MX$47.26
|
|
| Local cheese (8 oz) |
$7.27
ISK1,011
|
$3.62
MX$72.72
|
|
| Milk (1 gallon) |
$6.01
ISK836
|
$5.17
MX$103.91
|
|
|
Eggs
1 dozen
|
$5.42
ISK754
|
$2.18
MX$43.78
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,184
|
$3.12
MX$62.74
|
|
| Apples (1 lb) |
$1.22
ISK170
|
$1.08
MX$21.75
|
|
| Bananas (1 lb) |
$1.03
ISK143
|
$0.57
MX$11.39
|
|
| Oranges (1 lb) |
$1.17
ISK163
|
$0.71
MX$14.19
|
|
| Tomatoes (1 lb) |
$1.87
ISK261
|
$0.70
MX$14.03
|
|
| Potatoes (1 lb) |
$1.23
ISK172
|
$0.81
MX$16.20
|
|
| Onions (1 lb) |
$0.78
ISK109
|
$0.73
MX$14.75
|
|
pay 47.4% less for transportation
|
Iceland
|
Mexico
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,163
|
$4.48
MX$89.97
|
|
| Monthly public transit pass |
$71.28
ISK9,917
|
$26.30
MX$528.17
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,657,118
|
$19,957.31
MX$400,768.65
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK3,066
|
$15.63
MX$313.81
|
|
pay 58.8% less for housing
|
Iceland
|
Mexico
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK10,042
|
$26.71
MX$536.42
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK255,726
|
$486.26
MX$9,764.79
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK208,385
|
$362.30
MX$7,275.41
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK8,072
|
$44.69
MX$897.39
|
|
pay 25.5% less for childcare
|
Iceland
|
Mexico
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK35,918
|
$205.12
MX$4,119.01
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK833,944
|
$4,165.20
MX$83,642.62
|
|
pay 59.6% less for entertainment and sports
|
Iceland
|
Mexico
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,278
|
$2.16
MX$43.31
|
|
| Cappuccino in mid-range area |
$4.65
ISK647
|
$2.84
MX$57.02
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,636
|
$3.78
MX$75.98
|
|
| Monthly membership at local gym |
$61.46
ISK8,551
|
$33.67
MX$676.07
|
|
| Movie ticket to theater/cinema |
$14.35
ISK1,996
|
$4.39
MX$88.17
|
|
pay 50.2% less for clothing
|
Iceland
|
Mexico
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK15,476
|
$45.84
MX$920.55
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK8,305
|
$36.33
MX$729.53
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK20,591
|
$82.04
MX$1,647.47
|
|
| Men's business shoes (leather) |
$184.49
ISK25,669
|
$76.65
MX$1,539.16
|
|
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