Cost of living comparison

Reykjavik, Iceland

compared to

Tepic, Mexico

Tepic vs. Reykjavik Cost of Living Summary

Tepic is 62.5% cheaper than Reykjavik.

Restaurants: pay 74.0% less in Tepic
Groceries: pay 31.3% less in Tepic
Transportation: pay 62.6% less in Tepic
Housing: pay 72.4% less in Tepic
Childcare: pay 65.4% less in Tepic
Entertainment and Sports: pay 67.9% less in Tepic
Clothing: pay 64.0% less in Tepic

Expenses including restaurants, housing, entertainment and sports, childcare, clothing, and transportation are lower in Tepic.

Tepic vs. Reykjavik Cost Breakdown

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

Display currency: USD

pay 74.0% less for restaurants

	Reykjavik	Tepic
Basic meal with drink at inexpensive restaurant	$20.00 ISK2,689	$6.45 MX$128.61	-67.7%
Fast food combo meal McDonalds, or similar	$18.02 ISK2,423	$5.46 MX$108.82	-69.7%
Bottle of Coca-Cola (11 fl. oz)	$3.15 ISK424	$0.60 MX$11.87	-81.1%
Bottle of water (11 fl. oz)	$2.19 ISK294	$0.50 MX$9.89	-77.3%
Average			-74.0%

Reykjavik vs. Tepic - Cost of restaurants

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pay 31.3% less for groceries

	Reykjavik	Tepic
Bread 1 loaf	$3.61 ISK485	$2.23 MX$44.52	-38.1%
Local cheese (8 oz)	$7.76 ISK1,043	$2.23 MX$44.52	-71.2%
Milk (1 gallon)	$6.40 ISK861	$4.95 MX$98.62	-22.7%
Eggs 1 dozen	$5.76 ISK774	$1.94 MX$38.58	-66.4%
Boneless chicken breast (1 lb)	$9.45 ISK1,270	$3.35 MX$66.75	-64.5%
Apples (1 lb)	$1.40 ISK189	$1.33 MX$26.48	-5.3%
Bananas (1 lb)	$1.01 ISK136	$0.82 MX$16.38	-18.6%
Oranges (1 lb)	$1.22 ISK164	$1.80 MX$35.90	+48.0%
Tomatoes (1 lb)	$2.22 ISK299	$0.69 MX$13.69	-69.1%
Potatoes (1 lb)	$1.43 ISK193	$0.92 MX$18.40	-35.6%
Onions (1 lb)	$0.93 ISK126	$0.93 MX$18.47	-0.8%
Average			-31.3%

Reykjavik vs. Tepic - Cost of groceries

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pay 62.6% less for transportation

	Reykjavik	Tepic
Gasoline (1 gallon)	$8.50 ISK1,143	$4.46 MX$88.83	-47.6%
Monthly public transit pass	$74.95 ISK10,078	??
New Volkswagen Golf 1.4 (standard edition)	$42,450.45 ISK5,707,888	$14,892.01 MX$296,790.40	-64.9%
Taxi trip in downtown area (5 miles)	$24.05 ISK3,234	$5.96 MX$118.72	-75.2%
Average			-62.6%

Reykjavik vs. Tepic - Cost of transportation

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pay 72.4% less for housing

	Reykjavik	Tepic
Internet connection 50 mbps or faster, cable/dsl	$69.87 ISK9,394	$30.51 MX$608.09	-56.3%
1-Bedroom apartment in downtown area	$1,971.17 ISK265,044	$248.20 MX$4,946.51	-87.4%
1-Bedroom apartment outside city center	$1,803.44 ISK242,491	$148.92 MX$2,967.90	-91.7%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$53.95 ISK7,255	$24.67 MX$491.74	-54.3%
Average			-72.4%

Reykjavik vs. Tepic - Cost of housing

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pay 65.4% less for childcare

	Reykjavik	Tepic
Private preschool for 1 child, monthly	$252.14 ISK33,903	$99.28 MX$1,978.60	-60.6%
Middle school for 1 child, two semesters	$5,993.99 ISK805,952	$1,787.04 MX$35,614.85	-70.2%
Average			-65.4%

Reykjavik vs. Tepic - Cost of childcare

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pay 67.9% less for entertainment and sports

	Reykjavik	Tepic
Domestic/local beer (1 pint)	$10.81 ISK1,454	$1.74 MX$34.63	-83.9%
Cappuccino in mid-range area	$5.31 ISK713	$2.73 MX$54.41	-48.5%
Pack of cigarettes Marlboro or similar	$12.25 ISK1,646	$3.72 MX$74.20	-69.6%
Monthly membership at local gym	$69.95 ISK9,405	$26.06 MX$519.38	-62.7%
Movie ticket to theater/cinema	$14.77 ISK1,987	$3.72 MX$74.20	-74.8%
Average			-67.9%

Reykjavik vs. Tepic - Cost of entertainment and sports

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pay 64.0% less for clothing

	Reykjavik	Tepic
Regular jeans Levi's brand	$108.97 ISK14,652	$44.68 MX$890.37	-59.0%
Regular dress from H&M or similar store	$49.72 ISK6,685	$24.82 MX$494.65	-50.1%
Running shoes Nike or Adidas	$151.85 ISK20,418	$49.64 MX$989.30	-67.3%
Men's business shoes (leather)	$194.16 ISK26,106	$39.71 MX$791.44	-79.5%
Average			-64.0%

Reykjavik vs. Tepic - 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: March 2025

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