Cost of living comparison
Reykjavik is 2.3 times more expensive than Mexico.
If you lived in Reykjavik instead of Mexico, you would:
pay 2.4 times more for restaurants
Mexico
|
Reykjavik
|
||
---|---|---|---|
Basic meal with drink at inexpensive restaurant |
$8.03
MX$136.75
|
$18.40
ISK2,584
|
|
Fast food combo meal
McDonalds, or similar
|
$6.54
MX$111.40
|
$15.62
ISK2,194
|
|
Bottle of Coca-Cola (11 fl. oz) |
$1.03
MX$17.57
|
$2.53
ISK356
|
|
Bottle of water (11 fl. oz) |
$0.77
MX$13.07
|
$2.03
ISK284
|
|
pay 98.6% more for groceries
Mexico
|
Reykjavik
|
||
---|---|---|---|
Bread
1 loaf
|
$1.99
MX$33.84
|
$3.40
ISK478
|
|
Local cheese (8 oz) |
$3.54
MX$60.29
|
$7.20
ISK1,010
|
|
Milk (1 gallon) |
$4.85
MX$82.68
|
$5.90
ISK828
|
|
Eggs
1 dozen
|
$2.03
MX$34.50
|
$5.64
ISK792
|
|
Boneless chicken breast (1 lb) |
$3.00
MX$51.09
|
$8.08
ISK1,135
|
|
Apples (1 lb) |
$1.21
MX$20.55
|
$1.57
ISK220
|
|
Bananas (1 lb) |
$0.55
MX$9.43
|
$0.93
ISK131
|
|
Oranges (1 lb) |
$0.60
MX$10.15
|
$1.23
ISK173
|
|
Tomatoes (1 lb) |
$0.64
MX$10.95
|
$2.22
ISK311
|
|
Potatoes (1 lb) |
$0.68
MX$11.59
|
$1.24
ISK175
|
|
Onions (1 lb) |
$0.64
MX$10.93
|
$0.69
ISK97
|
|
pay 2.4 times more for transportation
Mexico
|
Reykjavik
|
||
---|---|---|---|
Gasoline (1 gallon) |
$4.64
MX$79.06
|
$8.90
ISK1,249
|
|
Monthly public transit pass |
$20.68
MX$352.41
|
$65.56
ISK9,205
|
|
New Volkswagen Golf 1.4 (standard edition) |
$18,674.04
MX$318,172.26
|
$37,150.35
ISK5,215,909
|
|
Taxi trip in downtown area (5 miles) |
$11.82
MX$201.47
|
$29.44
ISK4,134
|
|
pay 3.0 times more for housing
Mexico
|
Reykjavik
|
||
---|---|---|---|
Internet connection
50 mbps or faster, cable/dsl
|
$30.39
MX$517.87
|
$64.04
ISK8,991
|
|
1-Bedroom apartment in downtown area |
$421.91
MX$7,188.67
|
$1,613.16
ISK226,488
|
|
1-Bedroom apartment outside city center |
$289.43
MX$4,931.32
|
$1,379.70
ISK193,710
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$46.38
MX$790.25
|
$69.31
ISK9,732
|
|
pay 46.7% more for childcare
Mexico
|
Reykjavik
|
||
---|---|---|---|
Private preschool for 1 child, monthly |
$204.47
MX$3,483.80
|
$282.44
ISK39,654
|
|
Middle school for 1 child, two semesters |
$3,904.22
MX$66,520.99
|
$6,058.18
ISK850,568
|
|
pay 2.9 times more for entertainment and sports
Mexico
|
Reykjavik
|
||
---|---|---|---|
Domestic/local beer (1 pint) |
$2.08
MX$35.38
|
$9.47
ISK1,330
|
|
Cappuccino in mid-range area |
$2.65
MX$45.18
|
$4.53
ISK636
|
|
Pack of cigarettes
Marlboro or similar
|
$3.58
MX$60.94
|
$11.66
ISK1,636
|
|
Monthly membership at local gym |
$34.48
MX$587.43
|
$67.30
ISK9,450
|
|
Movie ticket to theater/cinema |
$4.19
MX$71.41
|
$13.66
ISK1,918
|
|
pay 98.3% more for clothing
Mexico
|
Reykjavik
|
||
---|---|---|---|
Regular jeans
Levi's brand
|
$44.78
MX$762.98
|
$108.17
ISK15,186
|
|
Regular dress
from H&M or similar store
|
$34.80
MX$592.89
|
$43.41
ISK6,095
|
|
Running shoes
Nike or Adidas
|
$81.99
MX$1,396.92
|
$137.74
ISK19,339
|
|
Men's business shoes (leather) |
$70.46
MX$1,200.45
|
$182.49
ISK25,622
|
|
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