Cost of living comparison
New Mexico is 10.2% more expensive than Iceland overall.
- Restaurants
-
pay 19.3% less in New Mexico
- Groceries
-
pay 2.7% more in New Mexico
- Transportation
-
pay 39.2% less in New Mexico
- Housing
-
pay 19.9% more in New Mexico
- Childcare
-
pay 2.6 times more in New Mexico
- Entertainment and Sports
-
pay 12.9% less in New Mexico
- Clothing
-
pay 41.0% less in New Mexico
The cost of childcare, housing, and groceries in New Mexico are more expensive than in Iceland. Expenses including clothing, transportation, restaurants, and entertainment and sports are lower in New Mexico. Notably, childcare is significantly more expensive in New Mexico.
If you lived in New Mexico instead of Iceland, you would:
pay 19.3% less for restaurants
|
Iceland
|
New Mexico
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,711
|
$17.40
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,368
|
$8.80
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK393
|
$2.53
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK283
|
$1.84
|
|
pay 2.7% more for groceries
|
Iceland
|
New Mexico
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK413
|
$2.89
|
|
| Local cheese (8 oz) |
$7.27
ISK1,016
|
$6.59
|
|
| Milk (1 gallon) |
$6.01
ISK840
|
$3.70
|
|
|
Eggs
1 dozen
|
$5.42
ISK757
|
$3.28
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,189
|
$4.55
|
|
| Apples (1 lb) |
$1.22
ISK171
|
$2.19
|
|
| Bananas (1 lb) |
$1.03
ISK143
|
$0.67
|
|
| Oranges (1 lb) |
$1.17
ISK164
|
$2.35
|
|
| Tomatoes (1 lb) |
$1.87
ISK262
|
$1.67
|
|
| Potatoes (1 lb) |
$1.23
ISK173
|
$0.92
|
|
| Onions (1 lb) |
$0.78
ISK110
|
$1.23
|
|
pay 39.2% less for transportation
|
Iceland
|
New Mexico
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,169
|
$3.16
|
|
| Monthly public transit pass |
$71.28
ISK9,963
|
$32.00
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,683,547
|
$34,466.85
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK3,080
|
$16.70
|
|
pay 19.9% more for housing
|
Iceland
|
New Mexico
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK10,089
|
$75.22
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK256,921
|
$1,396.70
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK209,358
|
$1,184.76
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK8,109
|
$127.88
|
|
pay 2.6 times more for childcare
|
Iceland
|
New Mexico
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK36,086
|
$1,076.67
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK837,840
|
$6,300.00
|
|
pay 12.9% less for entertainment and sports
|
Iceland
|
New Mexico
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,284
|
$5.40
|
|
| Cappuccino in mid-range area |
$4.65
ISK650
|
$4.52
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,643
|
$9.25
|
|
| Monthly membership at local gym |
$61.46
ISK8,591
|
$74.19
|
|
| Movie ticket to theater/cinema |
$14.35
ISK2,006
|
$11.50
|
|
pay 41.0% less for clothing
|
Iceland
|
New Mexico
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK15,548
|
$50.78
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK8,343
|
$40.25
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK20,687
|
$92.10
|
|
| Men's business shoes (leather) |
$184.49
ISK25,789
|
$112.23
|
|
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