Cost of living comparison
Iceland is 2.2 times more expensive than Mexico.
If you lived in Iceland instead of Mexico, you would:
pay 2.4 times more for restaurants
|
Mexico
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$8.83
MX$178.15
|
$19.40
ISK2,691
|
|
|
Fast food combo meal
McDonalds, or similar
|
$7.25
MX$146.33
|
$16.94
ISK2,350
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.11
MX$22.37
|
$2.81
ISK390
|
|
| Bottle of water (11 fl. oz) |
$0.84
MX$16.86
|
$2.02
ISK280
|
|
pay 77.4% more for groceries
|
Mexico
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.35
MX$47.49
|
$2.95
ISK410
|
|
| Local cheese (8 oz) |
$3.62
MX$73.07
|
$7.27
ISK1,008
|
|
| Milk (1 gallon) |
$5.17
MX$104.40
|
$6.01
ISK833
|
|
|
Eggs
1 dozen
|
$2.18
MX$43.98
|
$5.42
ISK752
|
|
| Boneless chicken breast (1 lb) |
$3.12
MX$63.04
|
$8.51
ISK1,180
|
|
| Apples (1 lb) |
$1.08
MX$21.85
|
$1.22
ISK170
|
|
| Bananas (1 lb) |
$0.57
MX$11.44
|
$1.03
ISK142
|
|
| Oranges (1 lb) |
$0.71
MX$14.26
|
$1.17
ISK162
|
|
| Tomatoes (1 lb) |
$0.70
MX$14.09
|
$1.87
ISK260
|
|
| Potatoes (1 lb) |
$0.81
MX$16.28
|
$1.23
ISK171
|
|
| Onions (1 lb) |
$0.73
MX$14.81
|
$0.78
ISK109
|
|
pay 2.0 times more for transportation
|
Mexico
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$4.48
MX$90.40
|
$8.36
ISK1,160
|
|
| Monthly public transit pass |
$26.30
MX$530.67
|
$71.28
ISK9,889
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$19,957.31
MX$402,662.59
|
$40,660.66
ISK5,641,260
|
|
| Taxi trip in downtown area (5 miles) |
$15.63
MX$315.29
|
$22.04
ISK3,057
|
|
pay 3.0 times more for housing
|
Mexico
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$26.71
MX$538.95
|
$72.17
ISK10,013
|
|
| 1-Bedroom apartment in downtown area |
$486.26
MX$9,810.93
|
$1,838.04
ISK255,009
|
|
| 1-Bedroom apartment outside city center |
$362.30
MX$7,309.79
|
$1,497.77
ISK207,801
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$44.69
MX$901.63
|
$58.01
ISK8,049
|
|
pay 34.9% more for childcare
|
Mexico
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$205.12
MX$4,138.47
|
$258.16
ISK35,818
|
|
| Middle school for 1 child, two semesters |
$4,165.20
MX$84,037.90
|
$5,993.99
ISK831,607
|
|
pay 2.8 times more for entertainment and sports
|
Mexico
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.16
MX$43.51
|
$9.19
ISK1,275
|
|
| Cappuccino in mid-range area |
$2.84
MX$57.29
|
$4.65
ISK645
|
|
|
Pack of cigarettes
Marlboro or similar
|
$3.78
MX$76.34
|
$11.76
ISK1,631
|
|
| Monthly membership at local gym |
$33.67
MX$679.27
|
$61.46
ISK8,527
|
|
| Movie ticket to theater/cinema |
$4.39
MX$88.58
|
$14.35
ISK1,991
|
|
pay 2.1 times more for clothing
|
Mexico
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$45.84
MX$924.90
|
$111.23
ISK15,432
|
|
|
Regular dress
from H&M or similar store
|
$36.33
MX$732.98
|
$59.69
ISK8,281
|
|
|
Running shoes
Nike or Adidas
|
$82.04
MX$1,655.25
|
$148.00
ISK20,533
|
|
| Men's business shoes (leather) |
$76.65
MX$1,546.44
|
$184.49
ISK25,597
|
|
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