Cost of living comparison
Iceland is 2.1 times more expensive than Mexico.
If you lived in Iceland instead of Mexico, you would:
pay 2.4 times more for restaurants
Mexico
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$8.03
MX$134.57
|
$17.84
kr2,439
|
|
Fast food combo meal
McDonalds, or similar
|
$6.54
MX$109.62
|
$14.27
kr1,951
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.03
MX$17.29
|
$2.32
kr317
|
|
Bottle of water (11 fl. oz) |
$0.77
MX$12.86
|
$2.12
kr290
|
|
pay 76.7% more for groceries
Mexico
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$1.99
MX$33.30
|
$3.42
kr468
|
|
Local cheese (8 oz) |
$3.54
MX$59.33
|
$5.98
kr818
|
|
Milk (1 gallon) |
$4.85
MX$81.36
|
$5.33
kr728
|
|
Eggs
1 dozen
|
$2.03
MX$33.95
|
$5.66
kr774
|
|
Boneless chicken breast (1 lb) |
$3.00
MX$50.28
|
$7.09
kr970
|
|
Apples (1 lb) |
$1.21
MX$20.22
|
$1.16
kr159
|
|
Bananas (1 lb) |
$0.55
MX$9.28
|
$0.98
kr134
|
|
Oranges (1 lb) |
$0.60
MX$9.99
|
$1.17
kr160
|
|
Tomatoes (1 lb) |
$0.64
MX$10.77
|
$1.84
kr251
|
|
Potatoes (1 lb) |
$0.68
MX$11.41
|
$0.96
kr131
|
|
Onions (1 lb) |
$0.64
MX$10.75
|
$0.51
kr70
|
|
pay 2.3 times more for transportation
Mexico
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$4.64
MX$77.80
|
$8.03
kr1,099
|
|
Monthly public transit pass |
$20.68
MX$346.78
|
$77.40
kr10,584
|
|
New Volkswagen Golf 1.4 (standard edition) |
$18,674.04
MX$313,090.79
|
$29,836.83
kr4,080,131
|
|
Taxi trip in downtown area (5 miles) |
$11.82
MX$198.26
|
$23.97
kr3,277
|
|
pay 2.8 times more for housing
Mexico
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$30.39
MX$509.60
|
$62.40
kr8,533
|
|
1-Bedroom apartment in downtown area |
$421.91
MX$7,073.86
|
$1,437.14
kr196,527
|
|
1-Bedroom apartment outside city center |
$289.43
MX$4,852.57
|
$1,215.63
kr166,234
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$46.38
MX$777.63
|
$68.63
kr9,385
|
|
pay 1.4% less for childcare
Mexico
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$204.47
MX$3,428.16
|
$259.34
kr35,465
|
|
Middle school for 1 child, two semesters |
$3,904.22
MX$65,458.60
|
$2,750.10
kr376,071
|
|
pay 2.6 times more for entertainment and sports
Mexico
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$2.08
MX$34.81
|
$8.52
kr1,165
|
|
Cappuccino in mid-range area |
$2.65
MX$44.46
|
$4.15
kr568
|
|
Pack of cigarettes
Marlboro or similar
|
$3.58
MX$59.97
|
$10.64
kr1,454
|
|
Monthly membership at local gym |
$34.48
MX$578.04
|
$56.90
kr7,781
|
|
Movie ticket to theater/cinema |
$4.19
MX$70.26
|
$12.27
kr1,678
|
|
pay 2.1 times more for clothing
Mexico
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$44.78
MX$750.80
|
$118.08
kr16,147
|
|
Regular dress
from H&M or similar store
|
$34.80
MX$583.43
|
$50.39
kr6,891
|
|
Running shoes
Nike or Adidas
|
$81.99
MX$1,374.61
|
$151.12
kr20,665
|
|
Men's business shoes (leather) |
$70.46
MX$1,181.28
|
$175.20
kr23,958
|
|
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