Cost of Living Comparison

  1. Cost of Living
  2. Mexico
  3. Iceland
  4. Comparison
MXN
COMPARED TO
ISK

Iceland is 2.7 times more expensive than Mexico.

If you lived in Iceland instead of Mexico, you would:
local_dining

pay 3.0 times more for restaurants

  Mexico help_outline Iceland help_outline  
Basic meal with drink at inexpensive restaurant $4.80
MX$85.01
$15.54
kr1,631
+223.5%
Fast food combo meal
McDonalds, or similar
 $4.59
MX$81.18
$12.54
kr1,316
+173.5%
Bottle of Coca-Cola (11 fl. oz) $0.75
MX$13.34
$2.37
kr249
+214.8%
Bottle of water (11 fl. oz) $0.55
MX$9.72
$1.68
kr177
+206.7%
Average +204.6%
Mexico vs. Iceland - Cost of restaurants
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local_grocery_store

pay 2.2 times more for groceries

  Mexico help_outline Iceland help_outline  
Bread
1 loaf
 $1.44
MX$25.42
$3.04
kr319
+111.5%
Local cheese (8 oz) $2.58
MX$45.72
$5.12
kr538
+98.3%
Milk (1 gallon) $3.38
MX$59.79
$4.59
kr482
+35.9%
Eggs
1 dozen
 $1.43
MX$25.28
$5.23
kr549
+266.6%
Boneless chicken breast (1 lb) $2.11
MX$37.39
$6.56
kr689
+210.6%
Apples (1 lb) $0.82
MX$14.45
$0.98
kr103
+20.3%
Bananas (1 lb) $0.40
MX$7.09
$0.83
kr88
+108.3%
Oranges (1 lb) $0.44
MX$7.72
$1.02
kr107
+133.7%
Tomatoes (1 lb) $0.51
MX$8.96
$1.68
kr176
+231.1%
Potatoes (1 lb) $0.47
MX$8.41
$0.96
kr100
+101.2%
Onions (1 lb) $0.48
MX$8.47
$0.55
kr58
+15.6%
Average +121.2%
Mexico vs. Iceland - Cost of groceries
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drive_eta

pay 2.8 times more for transportation

  Mexico help_outline Iceland help_outline  
Gasoline (1 gallon) $3.46
MX$61.22
$5.96
kr626
+72.4%
Monthly public transit pass $20.27
MX$358.73
$90.41
kr9,489
+346.1%
New Volkswagen Golf 1.4 (standard edition) $14,675.44
MX$259,774.45
$26,163.21
kr2,745,829
+78.3%
Taxi trip in downtown area (5 miles) $7.06
MX$124.94
$22.36
kr2,347
+216.8%
Average +178.4%
Mexico vs. Iceland - Cost of transportation
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home

pay 3.7 times more for housing

  Mexico help_outline Iceland help_outline  
Internet connection
50 mbps or faster, cable/dsl
 $24.01
MX$425.09
$63.30
kr6,644
+163.6%
1-Bedroom apartment in downtown area $296.47
MX$5,247.98
$1,285.14
kr134,875
+333.5%
1-Bedroom apartment outside city center $207.12
MX$3,666.24
$1,064.16
kr111,684
+413.8%
Utilities for two (700 sq ft apartment)
including electric, gas, water, heating
 $26.74
MX$473.42
$69.69
kr7,314
+160.6%
Average +267.9%
Mexico vs. Iceland - Cost of housing
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child_care

pay 48.4% more for childcare

  Mexico help_outline Iceland help_outline  
Private preschool for 1 child, monthly $143.65
MX$2,542.84
$279.46
kr29,329
+94.5%
Middle school for 1 child, two semesters $2,949.86
MX$52,216.42
$3,014.93
kr316,417
+2.2%
Average +48.4%
Mexico vs. Iceland - Cost of childcare
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gamepad

pay 3.4 times more for entertainment and sports

  Mexico help_outline Iceland help_outline  
Domestic/local beer (1 pint) $1.42
MX$25.12
$7.97
kr837
+461.9%
Cappuccino in mid-range area $1.99
MX$35.25
$4.17
kr438
+109.4%
Pack of cigarettes
Marlboro or similar
 $2.56
MX$45.40
$10.58
kr1,110
+312.4%
Monthly membership at local gym $28.20
MX$499.21
$50.68
kr5,319
+79.7%
Movie ticket to theater/cinema $3.15
MX$55.76
$11.05
kr1,159
+250.7%
Average +242.8%
Mexico vs. Iceland - Cost of entertainment and sports
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store

pay 2.6 times more for clothing

  Mexico help_outline Iceland help_outline  
Regular jeans
Levi's brand
 $36.88
MX$652.78
$104.95
kr11,015
+184.6%
Regular dress
from H&M or similar store
 $28.49
MX$504.35
$60.45
kr6,345
+112.2%
Running shoes
Nike or Adidas
 $62.18
MX$1,100.72
$154.03
kr16,166
+147.7%
Men's business shoes (leather) $54.97
MX$973.11
$161.72
kr16,973
+194.2%
Average +159.7%
Mexico vs. Iceland - 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: January 2021
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