Cost of living comparison

compared to

Reykjavik vs. Mexico Cost of Living Summary

Reykjavik is 2.3 times more expensive than Mexico overall.

Restaurants: pay 2.6 times more in Reykjavik
Groceries: pay 96.5% more in Reykjavik
Transportation: pay 2.1 times more in Reykjavik
Housing: pay 3.2 times more in Reykjavik
Childcare: pay 33.4% more in Reykjavik
Entertainment and Sports: pay 3.1 times more in Reykjavik
Clothing: pay 2.0 times more in Reykjavik

The cost of housing, entertainment and sports, restaurants, transportation, clothing, and groceries in Reykjavik are more expensive than in Mexico. Notably, housing, entertainment and sports, and restaurants are significantly more expensive in Reykjavik.

Reykjavik vs. Mexico Cost Breakdown

If you lived in Reykjavik instead of Mexico, you would:

Display currency: USD

pay 2.6 times more for restaurants

	Mexico	Reykjavik
Basic meal with drink at inexpensive restaurant	$8.83 MX$179.49	$20.00 ISK2,772	+126.5%
Fast food combo meal McDonalds, or similar	$7.25 MX$147.42	$18.02 ISK2,498	+148.4%
Bottle of Coca-Cola (11 fl. oz)	$1.11 MX$22.53	$3.15 ISK437	+184.5%
Bottle of water (11 fl. oz)	$0.84 MX$16.99	$2.19 ISK303	+161.5%
Average			+155.2%

Mexico vs. Reykjavik - Cost of restaurants

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pay 96.5% more for groceries

	Mexico	Reykjavik
Bread 1 loaf	$2.35 MX$47.84	$3.61 ISK500	+53.4%
Local cheese (8 oz)	$3.62 MX$73.61	$7.76 ISK1,075	+114.2%
Milk (1 gallon)	$5.17 MX$105.18	$6.40 ISK888	+23.8%
Eggs 1 dozen	$2.18 MX$44.31	$5.76 ISK798	+164.1%
Boneless chicken breast (1 lb)	$3.12 MX$63.51	$9.45 ISK1,310	+202.4%
Apples (1 lb)	$1.08 MX$22.01	$1.40 ISK194	+29.5%
Bananas (1 lb)	$0.57 MX$11.53	$1.01 ISK140	+77.9%
Oranges (1 lb)	$0.71 MX$14.37	$1.22 ISK169	+72.3%
Tomatoes (1 lb)	$0.70 MX$14.20	$2.22 ISK308	+218.5%
Potatoes (1 lb)	$0.81 MX$16.40	$1.43 ISK199	+77.8%
Onions (1 lb)	$0.73 MX$14.93	$0.93 ISK129	+27.2%
Average			+96.5%

Mexico vs. Reykjavik - Cost of groceries

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pay 2.1 times more for transportation

	Mexico	Reykjavik
Gasoline (1 gallon)	$4.48 MX$91.07	$8.50 ISK1,178	+89.7%
Monthly public transit pass	$26.30 MX$534.64	$74.95 ISK10,390	+185.0%
New Volkswagen Golf 1.4 (standard edition)	$19,957.31 MX$405,676.15	$42,450.45 ISK5,884,481	+112.7%
Taxi trip in downtown area (5 miles)	$15.63 MX$317.65	$24.05 ISK3,334	+53.9%
Average			+110.3%

Mexico vs. Reykjavik - Cost of transportation

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pay 3.2 times more for housing

	Mexico	Reykjavik
Internet connection 50 mbps or faster, cable/dsl	$26.71 MX$542.99	$69.87 ISK9,685	+161.5%
1-Bedroom apartment in downtown area	$486.26 MX$9,884.36	$1,971.17 ISK273,244	+305.4%
1-Bedroom apartment outside city center	$362.30 MX$7,364.50	$1,803.44 ISK249,993	+397.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$44.69 MX$908.38	$53.95 ISK7,479	+20.7%
Average			+221.3%

Mexico vs. Reykjavik - Cost of housing

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pay 33.4% more for childcare

	Mexico	Reykjavik
Private preschool for 1 child, monthly	$205.12 MX$4,169.45	$252.14 ISK34,952	+22.9%
Middle school for 1 child, two semesters	$4,165.20 MX$84,666.84	$5,993.99 ISK830,887	+43.9%
Average			+33.4%

Mexico vs. Reykjavik - Cost of childcare

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pay 3.1 times more for entertainment and sports

	Mexico	Reykjavik
Domestic/local beer (1 pint)	$2.16 MX$43.84	$10.81 ISK1,499	+401.3%
Cappuccino in mid-range area	$2.84 MX$57.72	$5.31 ISK735	+86.8%
Pack of cigarettes Marlboro or similar	$3.78 MX$76.92	$12.25 ISK1,697	+223.6%
Monthly membership at local gym	$33.67 MX$684.35	$69.95 ISK9,696	+107.8%
Movie ticket to theater/cinema	$4.39 MX$89.24	$14.77 ISK2,048	+236.5%
Average			+211.2%

Mexico vs. Reykjavik - Cost of entertainment and sports

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pay 2.0 times more for clothing

	Mexico	Reykjavik
Regular jeans Levi's brand	$45.84 MX$931.83	$108.97 ISK15,106	+137.7%
Regular dress from H&M or similar store	$36.33 MX$738.47	$49.72 ISK6,892	+36.9%
Running shoes Nike or Adidas	$82.04 MX$1,667.64	$151.85 ISK21,050	+85.1%
Men's business shoes (leather)	$76.65 MX$1,558.01	$194.16 ISK26,914	+153.3%
Average			+103.2%

Mexico vs. Reykjavik - Cost of clothing

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The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: December 2024

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