Cost of living comparison
Iceland is 81.6% more expensive than Mexico.
If you lived in Iceland instead of Mexico, you would:
pay 94.3% more for restaurants
Mexico
|
Iceland
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$10.14
MX$185.88
|
$19.51
ISK2,708
|
|
Fast food combo meal
McDonalds, or similar
|
$8.52
MX$156.21
|
$16.45
ISK2,283
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.35
MX$24.79
|
$2.70
ISK375
|
|
Bottle of water (11 fl. oz) |
$1.02
MX$18.71
|
$1.95
ISK271
|
|
pay 50.3% more for groceries
Mexico
|
Iceland
|
||
---|---|---|---|
Bread
1 loaf
|
$2.68
MX$49.12
|
$3.16
ISK438
|
|
Local cheese (8 oz) |
$4.17
MX$76.54
|
$6.72
ISK932
|
|
Milk (1 gallon) |
$5.88
MX$107.82
|
$6.27
ISK870
|
|
Eggs
1 dozen
|
$2.68
MX$49.18
|
$6.03
ISK837
|
|
Boneless chicken breast (1 lb) |
$3.49
MX$63.98
|
$7.60
ISK1,055
|
|
Apples (1 lb) |
$1.32
MX$24.17
|
$1.13
ISK156
|
|
Bananas (1 lb) |
$0.63
MX$11.60
|
$1.01
ISK140
|
|
Oranges (1 lb) |
$0.79
MX$14.45
|
$1.15
ISK160
|
|
Tomatoes (1 lb) |
$0.77
MX$14.20
|
$1.71
ISK238
|
|
Potatoes (1 lb) |
$0.90
MX$16.59
|
$1.13
ISK157
|
|
Onions (1 lb) |
$0.78
MX$14.23
|
$0.68
ISK95
|
|
pay 75.5% more for transportation
Mexico
|
Iceland
|
||
---|---|---|---|
Gasoline (1 gallon) |
$5.33
MX$97.70
|
$8.42
ISK1,169
|
|
Monthly public transit pass |
$28.94
MX$530.65
|
$68.29
ISK9,478
|
|
New Volkswagen Golf 1.4 (standard edition) |
$22,778.21
MX$417,718.23
|
$39,714.69
ISK5,511,605
|
|
Taxi trip in downtown area (5 miles) |
$17.39
MX$318.91
|
$23.23
ISK3,224
|
|
pay 2.3 times more for housing
Mexico
|
Iceland
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$33.11
MX$607.22
|
$74.47
ISK10,335
|
|
1-Bedroom apartment in downtown area |
$599.68
MX$10,997.29
|
$1,518.94
ISK210,798
|
|
1-Bedroom apartment outside city center |
$424.66
MX$7,787.69
|
$1,325.48
ISK183,950
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$54.94
MX$1,007.49
|
$66.99
ISK9,297
|
|
pay 17.4% more for childcare
Mexico
|
Iceland
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$230.47
MX$4,226.52
|
$254.97
ISK35,384
|
|
Middle school for 1 child, two semesters |
$4,822.04
MX$88,428.96
|
$5,993.83
ISK831,823
|
|
pay 2.4 times more for entertainment and sports
Mexico
|
Iceland
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$2.57
MX$47.16
|
$9.37
ISK1,301
|
|
Cappuccino in mid-range area |
$3.35
MX$61.52
|
$4.61
ISK640
|
|
Pack of cigarettes
Marlboro or similar
|
$4.34
MX$79.57
|
$11.22
ISK1,557
|
|
Monthly membership at local gym |
$38.86
MX$712.72
|
$60.00
ISK8,327
|
|
Movie ticket to theater/cinema |
$5.22
MX$95.75
|
$13.94
ISK1,935
|
|
pay 69.2% more for clothing
Mexico
|
Iceland
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$54.74
MX$1,003.85
|
$108.23
ISK15,020
|
|
Regular dress
from H&M or similar store
|
$42.64
MX$781.86
|
$59.73
ISK8,290
|
|
Running shoes
Nike or Adidas
|
$96.11
MX$1,762.53
|
$146.94
ISK20,392
|
|
Men's business shoes (leather) |
$90.93
MX$1,667.44
|
$169.24
ISK23,487
|
|
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