Cost of Living Comparison

  1. Cost of Living
  2. Iceland
  3. Reykjavik
  4. Mexico
  5. Mexico City
  6. Comparison
ISK
COMPARED TO
MXN

Mexico City is 52.1% cheaper than Reykjavik.

If you lived in Mexico City instead of Reykjavik, you would:
local_dining

pay 67.6% less for restaurants

  Reykjavik help_outline Mexico City help_outline  
Basic meal with drink at inexpensive restaurant $20.61
kr2,163
$7.44
MX$131.71
-63.9%
Fast food combo meal
McDonalds, or similar
 $14.84
kr1,558
$5.95
MX$105.37
-59.9%
Bottle of Coca-Cola (11 fl. oz) $2.97
kr312
$0.83
MX$14.64
-72.1%
Bottle of water (11 fl. oz) $2.26
kr238
$0.58
MX$10.20
-74.5%
Average -67.6%
Reykjavik vs. Mexico City - Cost of restaurants
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local_grocery_store

pay 53.7% less for groceries

  Reykjavik help_outline Mexico City help_outline  
Bread
1 loaf
 $3.99
kr419
$1.54
MX$27.19
-61.5%
Local cheese (8 oz) $6.94
kr729
$2.81
MX$49.75
-59.5%
Milk (1 gallon) $5.87
kr616
$3.99
MX$70.63
-32.0%
Eggs
1 dozen
 $6.08
kr638
$1.67
MX$29.59
-72.5%
Boneless chicken breast (1 lb) $7.41
kr778
$2.21
MX$39.13
-70.2%
Apples (1 lb) $1.11
kr116
$0.90
MX$15.87
-19.1%
Bananas (1 lb) $1.03
kr108
$0.48
MX$8.57
-53.0%
Oranges (1 lb) $1.00
kr105
$0.48
MX$8.41
-52.5%
Tomatoes (1 lb) $2.33
kr244
$0.54
MX$9.55
-76.8%
Potatoes (1 lb) $1.28
kr134
$0.58
MX$10.34
-54.2%
Onions (1 lb) $0.82
kr86
$0.50
MX$8.80
-39.3%
Average -53.7%
Reykjavik vs. Mexico City - Cost of groceries
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drive_eta

pay 65.4% less for transportation

  Reykjavik help_outline Mexico City help_outline  
Gasoline (1 gallon) $7.06
kr741
$3.73
MX$66.00
-47.2%
Monthly public transit pass $108.01
kr11,336
$14.88
MX$263.42
-86.2%
New Volkswagen Golf 1.4 (standard edition) $31,250.00
kr3,279,687
$18,849.61
MX$333,662.64
-39.7%
Taxi trip in downtown area (5 miles) $28.84
kr3,027
$3.37
MX$59.58
-88.3%
Average -65.4%
Reykjavik vs. Mexico City - Cost of transportation
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home

pay 65.5% less for housing

  Reykjavik help_outline Mexico City help_outline  
Internet connection
50 mbps or faster, cable/dsl
 $71.40
kr7,493
$27.38
MX$484.62
-61.7%
1-Bedroom apartment in downtown area $1,654.02
kr173,590
$628.03
MX$11,116.97
-62.0%
1-Bedroom apartment outside city center $1,429.20
kr149,994
$363.73
MX$6,438.47
-74.6%
Utilities for two (700 sq ft apartment)
including electric, gas, water, heating
 $88.84
kr9,324
$32.45
MX$574.40
-63.5%
Average -65.5%
Reykjavik vs. Mexico City - Cost of housing
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child_care

pay 1.2% less for childcare

  Reykjavik help_outline Mexico City help_outline  
Private preschool for 1 child, monthly $292.26
kr30,673
$310.85
MX$5,502.51
+6.4%
Middle school for 1 child, two semesters $7,091.03
kr744,203
$6,469.63
MX$114,520.92
-8.8%
Average -1.2%
Reykjavik vs. Mexico City - Cost of childcare
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gamepad

pay 60.4% less for entertainment and sports

  Reykjavik help_outline Mexico City help_outline  
Domestic/local beer (1 pint) $9.89
kr1,038
$1.98
MX$35.12
-79.9%
Cappuccino in mid-range area $4.79
kr503
$2.23
MX$39.39
-53.6%
Pack of cigarettes
Marlboro or similar
 $13.19
kr1,385
$3.10
MX$54.88
-76.5%
Monthly membership at local gym $62.29
kr6,537
$49.47
MX$875.68
-20.6%
Movie ticket to theater/cinema $13.93
kr1,462
$3.97
MX$70.24
-71.5%
Average -60.4%
Reykjavik vs. Mexico City - Cost of entertainment and sports
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store

pay 50.7% less for clothing

  Reykjavik help_outline Mexico City help_outline  
Regular jeans
Levi's brand
 $120.92
kr12,690
$45.12
MX$798.68
-62.7%
Regular dress
from H&M or similar store
 $51.19
kr5,372
$35.12
MX$621.60
-31.4%
Running shoes
Nike or Adidas
 $144.22
kr15,136
$76.19
MX$1,348.66
-47.2%
Men's business shoes (leather) $194.98
kr20,464
$75.48
MX$1,336.17
-61.3%
Average -50.7%
Reykjavik vs. Mexico City - Cost of clothing
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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: August 2021
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See the cost of living in Iceland vs. Mexico. This provides a comparison of the average cost of living from cities within Iceland and Mexico.
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