Cost of living comparison
Mexico is 49.8% cheaper than Reykjavik.
- Restaurants
-
pay 60.5% less in Mexico
- Groceries
-
pay 43.5% less in Mexico
- Transportation
-
pay 50.0% less in Mexico
- Housing
-
pay 58.5% less in Mexico
- Childcare
-
pay 24.6% less in Mexico
- Entertainment and Sports
-
pay 63.6% less in Mexico
- Clothing
-
pay 47.8% less in Mexico
Expenses including entertainment and sports, restaurants, housing, transportation, clothing, and groceries are lower in Mexico.
If you lived in Mexico instead of Reykjavik, you would:
pay 60.5% less for restaurants
|
Reykjavik
|
Mexico
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$20.00
ISK2,772
|
$8.83
MX$179.49
|
|
|
Fast food combo meal
McDonalds, or similar
|
$18.02
ISK2,498
|
$7.25
MX$147.42
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$3.15
ISK437
|
$1.11
MX$22.53
|
|
| Bottle of water (11 fl. oz) |
$2.19
ISK303
|
$0.84
MX$16.99
|
|
pay 43.5% less for groceries
|
Reykjavik
|
Mexico
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.61
ISK500
|
$2.35
MX$47.84
|
|
| Local cheese (8 oz) |
$7.76
ISK1,075
|
$3.62
MX$73.61
|
|
| Milk (1 gallon) |
$6.40
ISK888
|
$5.17
MX$105.18
|
|
|
Eggs
1 dozen
|
$5.76
ISK798
|
$2.18
MX$44.31
|
|
| Boneless chicken breast (1 lb) |
$9.45
ISK1,310
|
$3.12
MX$63.51
|
|
| Apples (1 lb) |
$1.40
ISK194
|
$1.08
MX$22.01
|
|
| Bananas (1 lb) |
$1.01
ISK140
|
$0.57
MX$11.53
|
|
| Oranges (1 lb) |
$1.22
ISK169
|
$0.71
MX$14.37
|
|
| Tomatoes (1 lb) |
$2.22
ISK308
|
$0.70
MX$14.20
|
|
| Potatoes (1 lb) |
$1.43
ISK199
|
$0.81
MX$16.40
|
|
| Onions (1 lb) |
$0.93
ISK129
|
$0.73
MX$14.93
|
|
pay 50.0% less for transportation
|
Reykjavik
|
Mexico
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.50
ISK1,178
|
$4.48
MX$91.07
|
|
| Monthly public transit pass |
$74.95
ISK10,390
|
$26.30
MX$534.64
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$42,450.45
ISK5,884,481
|
$19,957.31
MX$405,676.15
|
|
| Taxi trip in downtown area (5 miles) |
$24.05
ISK3,334
|
$15.63
MX$317.65
|
|
pay 58.5% less for housing
|
Reykjavik
|
Mexico
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$69.87
ISK9,685
|
$26.71
MX$542.99
|
|
| 1-Bedroom apartment in downtown area |
$1,971.17
ISK273,244
|
$486.26
MX$9,884.36
|
|
| 1-Bedroom apartment outside city center |
$1,803.44
ISK249,993
|
$362.30
MX$7,364.50
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$53.95
ISK7,479
|
$44.69
MX$908.38
|
|
pay 24.6% less for childcare
|
Reykjavik
|
Mexico
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$252.14
ISK34,952
|
$205.12
MX$4,169.45
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK830,887
|
$4,165.20
MX$84,666.84
|
|
pay 63.6% less for entertainment and sports
|
Reykjavik
|
Mexico
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$10.81
ISK1,499
|
$2.16
MX$43.84
|
|
| Cappuccino in mid-range area |
$5.31
ISK735
|
$2.84
MX$57.72
|
|
|
Pack of cigarettes
Marlboro or similar
|
$12.25
ISK1,697
|
$3.78
MX$76.92
|
|
| Monthly membership at local gym |
$69.95
ISK9,696
|
$33.67
MX$684.35
|
|
| Movie ticket to theater/cinema |
$14.77
ISK2,048
|
$4.39
MX$89.24
|
|
pay 47.8% less for clothing
|
Reykjavik
|
Mexico
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$108.97
ISK15,106
|
$45.84
MX$931.83
|
|
|
Regular dress
from H&M or similar store
|
$49.72
ISK6,892
|
$36.33
MX$738.47
|
|
|
Running shoes
Nike or Adidas
|
$151.85
ISK21,050
|
$82.04
MX$1,667.64
|
|
| Men's business shoes (leather) |
$194.16
ISK26,914
|
$76.65
MX$1,558.01
|
|
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