Cost of living comparison
Reykjavik is 2.2 times more expensive than Mexico City.
If you lived in Reykjavik instead of Mexico City, you would:
pay 2.5 times more for restaurants
|
Mexico City
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$9.93
MX$199.37
|
$20.00
ISK2,783
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.45
MX$149.53
|
$18.02
ISK2,507
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.08
MX$21.67
|
$3.15
ISK439
|
|
| Bottle of water (11 fl. oz) |
$0.77
MX$15.52
|
$2.19
ISK304
|
|
pay 74.5% more for groceries
|
Mexico City
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.45
MX$49.24
|
$3.61
ISK502
|
|
| Local cheese (8 oz) |
$4.87
MX$97.72
|
$7.76
ISK1,079
|
|
| Milk (1 gallon) |
$5.51
MX$110.59
|
$6.40
ISK891
|
|
|
Eggs
1 dozen
|
$2.18
MX$43.83
|
$5.76
ISK801
|
|
| Boneless chicken breast (1 lb) |
$3.57
MX$71.70
|
$9.45
ISK1,314
|
|
| Apples (1 lb) |
$1.22
MX$24.53
|
$1.40
ISK195
|
|
| Bananas (1 lb) |
$0.67
MX$13.44
|
$1.01
ISK140
|
|
| Oranges (1 lb) |
$0.80
MX$16.04
|
$1.22
ISK169
|
|
| Tomatoes (1 lb) |
$0.83
MX$16.62
|
$2.22
ISK309
|
|
| Potatoes (1 lb) |
$0.85
MX$17.09
|
$1.43
ISK200
|
|
| Onions (1 lb) |
$0.83
MX$16.62
|
$0.93
ISK130
|
|
pay 3.8 times more for transportation
|
Mexico City
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.64
MX$93.12
|
$8.50
ISK1,183
|
|
| Monthly public transit pass |
$17.87
MX$358.86
|
$74.95
ISK10,428
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$18,615.02
MX$373,813.76
|
$42,450.45
ISK5,906,131
|
|
| Taxi trip in downtown area (5 miles) |
$3.47
MX$69.78
|
$24.05
ISK3,346
|
|
pay 2.5 times more for housing
|
Mexico City
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$24.38
MX$489.57
|
$69.87
ISK9,720
|
|
| 1-Bedroom apartment in downtown area |
$893.52
MX$17,943.06
|
$1,971.17
ISK274,249
|
|
| 1-Bedroom apartment outside city center |
$544.24
MX$10,928.95
|
$1,803.44
ISK250,913
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$30.31
MX$608.69
|
$53.95
ISK7,507
|
|
pay 31.4% less for childcare
|
Mexico City
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$381.33
MX$7,657.52
|
$252.14
ISK35,080
|
|
| Middle school for 1 child, two semesters |
$8,426.99
MX$169,224.89
|
$5,993.99
ISK833,944
|
|
pay 2.6 times more for entertainment and sports
|
Mexico City
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.73
MX$54.83
|
$10.81
ISK1,504
|
|
| Cappuccino in mid-range area |
$3.01
MX$60.37
|
$5.31
ISK738
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.92
MX$78.75
|
$12.25
ISK1,704
|
|
| Monthly membership at local gym |
$53.69
MX$1,078.11
|
$69.95
ISK9,732
|
|
| Movie ticket to theater/cinema |
$4.96
MX$99.68
|
$14.77
ISK2,056
|
|
pay 72.7% more for clothing
|
Mexico City
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$56.36
MX$1,131.69
|
$108.97
ISK15,161
|
|
|
Regular dress
from H&M or similar store
|
$41.06
MX$824.52
|
$49.72
ISK6,918
|
|
|
Running shoes
Nike or Adidas
|
$91.99
MX$1,847.33
|
$151.85
ISK21,127
|
|
| Men's business shoes (leather) |
$91.93
MX$1,846.06
|
$194.16
ISK27,013
|
|
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