Cost of living comparison
Iceland is 2.9 times more expensive than Mexico.
If you lived in Iceland instead of Mexico, you would:
pay 3.1 times more for restaurants
|
Mexico
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$5.28
MX$93.40
|
$16.49
kr1,731
|
|
|
Fast food combo meal
McDonalds, or similar
|
$5.01
MX$88.72
|
$14.47
kr1,519
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$0.82
MX$14.46
|
$2.69
kr282
|
|
| Bottle of water (11 fl. oz) |
$0.61
MX$10.83
|
$1.95
kr205
|
|
pay 2.4 times more for groceries
|
Mexico
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.59
MX$28.12
|
$3.22
kr338
|
|
| Local cheese (8 oz) |
$2.81
MX$49.71
|
$6.33
kr664
|
|
| Milk (1 gallon) |
$3.66
MX$64.74
|
$5.38
kr565
|
|
|
Eggs
1 dozen
|
$1.59
MX$28.18
|
$5.97
kr626
|
|
| Boneless chicken breast (1 lb) |
$2.20
MX$38.93
|
$7.48
kr785
|
|
| Apples (1 lb) |
$0.88
MX$15.61
|
$1.06
kr111
|
|
| Bananas (1 lb) |
$0.43
MX$7.68
|
$1.04
kr109
|
|
| Oranges (1 lb) |
$0.45
MX$7.88
|
$1.10
kr116
|
|
| Tomatoes (1 lb) |
$0.53
MX$9.36
|
$1.96
kr206
|
|
| Potatoes (1 lb) |
$0.52
MX$9.15
|
$1.03
kr108
|
|
| Onions (1 lb) |
$0.51
MX$8.98
|
$0.60
kr63
|
|
pay 2.9 times more for transportation
|
Mexico
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$3.70
MX$65.49
|
$6.83
kr717
|
|
| Monthly public transit pass |
$21.20
MX$375.26
|
$104.10
kr10,925
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$16,024.90
MX$283,661.56
|
$29,559.70
kr3,102,290
|
|
| Taxi trip in downtown area (5 miles) |
$8.04
MX$142.33
|
$25.44
kr2,670
|
|
pay 3.9 times more for housing
|
Mexico
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$25.56
MX$452.50
|
$72.22
kr7,579
|
|
| 1-Bedroom apartment in downtown area |
$311.33
MX$5,510.99
|
$1,433.87
kr150,485
|
|
| 1-Bedroom apartment outside city center |
$216.21
MX$3,827.14
|
$1,196.44
kr125,566
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$31.37
MX$555.30
|
$84.13
kr8,829
|
|
pay 57.0% more for childcare
|
Mexico
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$150.84
MX$2,669.99
|
$308.46
kr32,373
|
|
| Middle school for 1 child, two semesters |
$3,135.05
MX$55,494.40
|
$3,430.08
kr359,987
|
|
pay 3.7 times more for entertainment and sports
|
Mexico
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$1.45
MX$25.58
|
$9.07
kr952
|
|
| Cappuccino in mid-range area |
$2.12
MX$37.56
|
$4.60
kr483
|
|
|
Pack of cigarettes
Marlboro or similar
|
$2.82
MX$49.96
|
$12.21
kr1,282
|
|
| Monthly membership at local gym |
$29.48
MX$521.86
|
$60.00
kr6,297
|
|
| Movie ticket to theater/cinema |
$3.43
MX$60.72
|
$13.09
kr1,374
|
|
pay 2.9 times more for clothing
|
Mexico
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$38.84
MX$687.51
|
$126.70
kr13,297
|
|
|
Regular dress
from H&M or similar store
|
$29.61
MX$524.18
|
$69.47
kr7,291
|
|
|
Running shoes
Nike or Adidas
|
$66.06
MX$1,169.33
|
$175.47
kr18,416
|
|
| Men's business shoes (leather) |
$57.97
MX$1,026.15
|
$188.88
kr19,823
|
|
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