Cost of living comparison
compared to
Reykjavik vs. Mexico Cost of Living Summary
Reykjavik is 2.7 times more expensive than Mexico overall.
- Restaurants
-
pay 2.6 times more in Reykjavik
- Groceries
-
pay 97.4% more in Reykjavik
- Transportation
-
pay 2.1 times more in Reykjavik
- Housing
-
pay 3.1 times more in Reykjavik
- Childcare
-
pay 3.4 times more in Reykjavik
- Entertainment and Sports
-
pay 3.2 times more in Reykjavik
- Clothing
-
pay 2.3 times more in Reykjavik
The cost of childcare, entertainment and sports, housing, restaurants, clothing, and transportation in Reykjavik are more expensive than in Mexico. Notably, childcare, entertainment and sports, and housing are significantly more expensive in Reykjavik.
Reykjavik vs. Mexico Cost Breakdown
If you lived in Reykjavik instead of Mexico, you would:
pay 2.6 times more for restaurants
|
Mexico
|
Reykjavik
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$10.13
MX$185.42
|
$27.48
ISK3,517
|
|
|
Fast food combo meal
McDonalds, or similar
|
$8.37
MX$153.09
|
$22.76
ISK2,913
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$1.38
MX$25.18
|
$3.34
ISK427
|
|
| Bottle of water (11 fl. oz) |
$1.04
MX$19.08
|
$2.70
ISK345
|
|
Mexico vs. Reykjavik - Cost of restaurants
pay 97.4% more for groceries
|
Mexico
|
Reykjavik
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.62
MX$47.88
|
$4.63
ISK593
|
|
| Local cheese (8 oz) |
$4.26
MX$77.96
|
$9.44
ISK1,208
|
|
| Milk (1 gallon) |
$5.95
MX$108.83
|
$7.63
ISK976
|
|
|
Eggs
1 dozen
|
$2.45
MX$44.82
|
$6.50
ISK832
|
|
| Boneless chicken breast (1 lb) |
$3.68
MX$67.25
|
$11.29
ISK1,445
|
|
| Apples (1 lb) |
$1.27
MX$23.18
|
$1.59
ISK204
|
|
| Bananas (1 lb) |
$0.67
MX$12.31
|
$1.17
ISK150
|
|
| Oranges (1 lb) |
$0.93
MX$16.95
|
$1.49
ISK190
|
|
| Tomatoes (1 lb) |
$0.83
MX$15.10
|
$2.54
ISK325
|
|
| Potatoes (1 lb) |
$0.90
MX$16.43
|
$1.70
ISK217
|
|
| Onions (1 lb) |
$0.98
MX$17.91
|
$1.13
ISK145
|
|
Mexico vs. Reykjavik - Cost of groceries
pay 2.1 times more for transportation
|
Mexico
|
Reykjavik
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$5.00
MX$91.52
|
$9.66
ISK1,236
|
|
| Monthly public transit pass |
$28.70
MX$525.08
|
$88.58
ISK11,337
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$23,996.60
MX$439,017.76
|
$50,771.00
ISK6,497,672
|
|
| Taxi trip in downtown area (5 miles) |
$19.51
MX$356.97
|
$28.07
ISK3,592
|
|
Mexico vs. Reykjavik - Cost of transportation
pay 3.1 times more for housing
|
Mexico
|
Reykjavik
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$29.35
MX$537.00
|
$81.97
ISK10,490
|
|
| 1-Bedroom apartment in downtown area |
$587.67
MX$10,751.35
|
$2,259.48
ISK289,169
|
|
| 1-Bedroom apartment outside city center |
$443.50
MX$8,113.74
|
$2,034.90
ISK260,427
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$49.22
MX$900.56
|
$60.87
ISK7,791
|
|
Mexico vs. Reykjavik - Cost of housing
pay 3.4 times more for childcare
|
Mexico
|
Reykjavik
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$236.91
MX$4,334.27
|
$327.78
ISK41,949
|
|
| Middle school for 1 child, two semesters |
$5,569.03
MX$101,885.42
|
$30,711.08
ISK3,930,404
|
|
Mexico vs. Reykjavik - Cost of childcare
pay 3.2 times more for entertainment and sports
|
Mexico
|
Reykjavik
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$2.44
MX$44.57
|
$13.12
ISK1,680
|
|
| Cappuccino in mid-range area |
$3.34
MX$61.09
|
$6.17
ISK790
|
|
|
Pack of cigarettes
Marlboro or similar
|
$4.42
MX$80.80
|
$13.94
ISK1,783
|
|
| Monthly membership at local gym |
$39.27
MX$718.39
|
$87.35
ISK11,179
|
|
| Movie ticket to theater/cinema |
$5.43
MX$99.41
|
$17.18
ISK2,199
|
|
Mexico vs. Reykjavik - Cost of entertainment and sports
pay 2.3 times more for clothing
|
Mexico
|
Reykjavik
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$53.04
MX$970.34
|
$145.10
ISK18,569
|
|
|
Regular dress
from H&M or similar store
|
$40.66
MX$743.79
|
$63.97
ISK8,187
|
|
|
Running shoes
Nike or Adidas
|
$95.33
MX$1,744.14
|
$193.43
ISK24,755
|
|
| Men's business shoes (leather) |
$87.49
MX$1,600.60
|
$248.79
ISK31,840
|
|
Mexico vs. Reykjavik - Cost of clothing
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: December 2025
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cost of living in Mexico vs. Iceland.
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