Cost of living comparison
Mexico is 42.2% cheaper than Iceland.
If you lived in Mexico instead of Iceland, you would:
pay 57.1% less for restaurants
|
Iceland
|
Mexico
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$17.84
kr2,483
|
$8.03
MX$141.50
|
|
|
Fast food combo meal
McDonalds, or similar
|
$14.27
kr1,986
|
$6.54
MX$115.26
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.32
kr323
|
$1.03
MX$18.18
|
|
| Bottle of water (11 fl. oz) |
$2.12
kr296
|
$0.77
MX$13.52
|
|
pay 33.8% less for groceries
|
Iceland
|
Mexico
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$3.42
kr477
|
$1.99
MX$35.01
|
|
| Local cheese (8 oz) |
$5.98
kr833
|
$3.54
MX$62.38
|
|
| Milk (1 gallon) |
$5.33
kr741
|
$4.85
MX$85.55
|
|
|
Eggs
1 dozen
|
$5.66
kr788
|
$2.03
MX$35.70
|
|
| Boneless chicken breast (1 lb) |
$7.09
kr988
|
$3.00
MX$52.87
|
|
| Apples (1 lb) |
$1.16
kr162
|
$1.21
MX$21.27
|
|
| Bananas (1 lb) |
$0.98
kr137
|
$0.55
MX$9.75
|
|
| Oranges (1 lb) |
$1.17
kr163
|
$0.60
MX$10.50
|
|
| Tomatoes (1 lb) |
$1.84
kr256
|
$0.64
MX$11.33
|
|
| Potatoes (1 lb) |
$0.96
kr133
|
$0.68
MX$11.99
|
|
| Onions (1 lb) |
$0.51
kr71
|
$0.64
MX$11.31
|
|
pay 50.9% less for transportation
|
Iceland
|
Mexico
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.03
kr1,118
|
$4.64
MX$81.81
|
|
| Monthly public transit pass |
$77.40
kr10,775
|
$20.68
MX$364.65
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$29,836.83
kr4,153,883
|
$18,674.04
MX$329,221.42
|
|
| Taxi trip in downtown area (5 miles) |
$23.97
kr3,337
|
$11.82
MX$208.47
|
|
pay 57.6% less for housing
|
Iceland
|
Mexico
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$62.40
kr8,688
|
$30.39
MX$535.86
|
|
| 1-Bedroom apartment in downtown area |
$1,437.14
kr200,079
|
$421.91
MX$7,438.31
|
|
| 1-Bedroom apartment outside city center |
$1,215.63
kr169,239
|
$289.43
MX$5,102.57
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$68.63
kr9,555
|
$46.38
MX$817.69
|
|
pay 10.4% more for childcare
|
Iceland
|
Mexico
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$259.34
kr36,106
|
$204.47
MX$3,604.78
|
|
| Middle school for 1 child, two semesters |
$2,750.10
kr382,869
|
$3,904.22
MX$68,831.07
|
|
pay 56.7% less for entertainment and sports
|
Iceland
|
Mexico
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$8.52
kr1,186
|
$2.08
MX$36.61
|
|
| Cappuccino in mid-range area |
$4.15
kr578
|
$2.65
MX$46.75
|
|
|
Pack of cigarettes
Marlboro or similar
|
$10.64
kr1,481
|
$3.58
MX$63.06
|
|
| Monthly membership at local gym |
$56.90
kr7,922
|
$34.48
MX$607.83
|
|
| Movie ticket to theater/cinema |
$12.27
kr1,709
|
$4.19
MX$73.88
|
|
pay 49.6% less for clothing
|
Iceland
|
Mexico
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$118.08
kr16,438
|
$44.78
MX$789.48
|
|
|
Regular dress
from H&M or similar store
|
$50.39
kr7,015
|
$34.80
MX$613.48
|
|
|
Running shoes
Nike or Adidas
|
$151.12
kr21,039
|
$81.99
MX$1,445.43
|
|
| Men's business shoes (leather) |
$175.20
kr24,391
|
$70.46
MX$1,242.14
|
|
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