Cost of living comparison

Reykjavik, Iceland

compared to

Monterrey, Mexico

Monterrey vs. Reykjavik Cost of Living Summary

Monterrey is 34.7% cheaper than Reykjavik.

Restaurants: pay 52.0% less in Monterrey
Groceries: pay 36.6% less in Monterrey
Transportation: pay 49.4% less in Monterrey
Housing: pay 29.5% less in Monterrey
Childcare: pay 20.5% more in Monterrey
Entertainment and Sports: pay 57.2% less in Monterrey
Clothing: pay 38.8% less in Monterrey

Expenses including entertainment and sports, restaurants, transportation, clothing, groceries, and housing are lower in Monterrey.

Monterrey vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 52.0% less for restaurants

	Reykjavik	Monterrey
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,545	$12.41 MX$241.13	-37.9%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,293	$7.45 MX$144.68	-58.7%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK401	$1.32 MX$25.60	-58.2%
Bottle of water (11 fl. oz)	$2.19 ISK278	$1.02 MX$19.91	-53.1%
Average			-52.0%

Reykjavik vs. Monterrey - Cost of restaurants

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pay 36.6% less for groceries

	Reykjavik	Monterrey
Bread 1 loaf	$3.61 ISK459	$2.48 MX$48.15	-31.4%
Local cheese (8 oz)	$7.76 ISK987	$4.82 MX$93.69	-37.8%
Milk (1 gallon)	$6.40 ISK815	$5.80 MX$112.75	-9.4%
Eggs 1 dozen	$5.76 ISK733	$2.62 MX$50.81	-54.6%
Boneless chicken breast (1 lb)	$9.45 ISK1,202	$3.94 MX$76.62	-58.3%
Apples (1 lb)	$1.40 ISK178	$1.30 MX$25.17	-7.6%
Bananas (1 lb)	$1.01 ISK128	$0.54 MX$10.56	-46.1%
Oranges (1 lb)	$1.22 ISK155	$0.75 MX$14.50	-38.7%
Tomatoes (1 lb)	$2.22 ISK283	$0.80 MX$15.60	-63.9%
Potatoes (1 lb)	$1.43 ISK183	$0.91 MX$17.63	-36.8%
Onions (1 lb)	$0.93 ISK119	$0.76 MX$14.82	-18.4%
Average			-36.6%

Reykjavik vs. Monterrey - Cost of groceries

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pay 49.4% less for transportation

	Reykjavik	Monterrey
Gasoline (1 gallon)	$8.50 ISK1,082	$4.63 MX$90.02	-45.5%
Monthly public transit pass	$74.95 ISK9,538	$42.19 MX$819.84	-43.7%
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,401,820	$22,338.02 MX$434,035.57	-47.4%
Taxi trip in downtown area (5 miles)	$24.05 ISK3,060	$9.43 MX$183.26	-60.8%
Average			-49.4%

Reykjavik vs. Monterrey - Cost of transportation

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pay 29.5% less for housing

	Reykjavik	Monterrey
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK8,890	$29.26 MX$568.46	-58.1%
1-Bedroom apartment in downtown area	$1,971.17 ISK250,832	$874.43 MX$16,990.45	-55.6%
1-Bedroom apartment outside city center	$1,803.44 ISK229,488	$618.73 MX$12,022.10	-65.7%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK6,866	$87.13 MX$1,692.94	+61.5%
Average			-29.5%

Reykjavik vs. Monterrey - Cost of housing

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pay 20.5% more for childcare

	Reykjavik	Monterrey
Private preschool for 1 child, monthly	$252.14 ISK32,085	$314.39 MX$6,108.65	+24.7%
Middle school for 1 child, two semesters	$5,993.99 ISK762,736	$6,974.43 MX$135,515.55	+16.4%
Average			+20.5%

Reykjavik vs. Monterrey - Cost of childcare

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pay 57.2% less for entertainment and sports

	Reykjavik	Monterrey
Domestic/local beer (1 pint)	$10.81 ISK1,376	$2.48 MX$48.23	-77.0%
Cappuccino in mid-range area	$5.31 ISK675	$3.22 MX$62.61	-39.3%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,558	$3.97 MX$77.16	-67.6%
Monthly membership at local gym	$69.95 ISK8,901	$40.33 MX$783.62	-42.3%
Movie ticket to theater/cinema	$14.77 ISK1,880	$5.96 MX$115.74	-59.7%
Average			-57.2%

Reykjavik vs. Monterrey - Cost of entertainment and sports

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pay 38.8% less for clothing

	Reykjavik	Monterrey
Regular jeans Levi's brand	$108.97 ISK13,867	$52.35 MX$1,017.22	-52.0%
Regular dress from H&M or similar store	$49.72 ISK6,327	$41.13 MX$799.11	-17.3%
Running shoes Nike or Adidas	$151.85 ISK19,323	$91.18 MX$1,771.63	-40.0%
Men's business shoes (leather)	$194.16 ISK24,707	$105.17 MX$2,043.52	-45.8%
Average			-38.8%

Reykjavik vs. Monterrey - 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: June 2025

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