Cost of Living Comparison Between Iceland and Mexico 
| Indices Difference |  |
|---|---|
| Cost of Living in Mexico is 48.4% lower than in Iceland (without rent) | |
| Cost of Living Including Rent in Mexico is 51.4% lower than in Iceland | |
| Rent Prices in Mexico are 58.3% lower than in Iceland | |
| Restaurant Prices in Mexico are 57.2% lower than in Iceland | |
| Groceries Prices in Mexico are 47.5% lower than in Iceland | |
| Local Purchasing Power in Mexico is 61.9% lower than in Iceland | |
Restaurants | Iceland Edit |
Mexico Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
3,000.00 kr (371.45 MXN) |
1,374.50 kr (170.18 MXN) |
-54.2 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
16,247.00 kr (2,011.63 MXN) |
5,653.59 kr (700.00 MXN) |
-65.2 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,299.50 kr (284.71 MXN) |
1,211.48 kr (150.00 MXN) |
-47.3 % |
| Domestic Beer (1 pint draught) |
1,400.00 kr (173.34 MXN) |
363.44 kr (45.00 MXN) |
-74.0 % |
| Imported Beer (12 oz small bottle) |
1,200.00 kr (148.58 MXN) |
565.36 kr (70.00 MXN) |
-52.9 % |
| Cappuccino (regular) |
681.06 kr (84.33 MXN) |
462.36 kr (57.25 MXN) |
-32.1 % |
| Coke/Pepsi (12 oz small bottle) |
401.00 kr (49.65 MXN) |
179.25 kr (22.19 MXN) |
-55.3 % |
| Water (12 oz small bottle) |
294.59 kr (36.48 MXN) |
131.85 kr (16.32 MXN) |
-55.2 % |
Markets | Iceland Edit |
Mexico Edit | |
| Milk (regular), (1 gallon) |
850.89 kr (105.35 MXN) |
820.90 kr (101.64 MXN) |
-3.5 % |
| Loaf of Fresh White Bread (1 lb) |
433.10 kr (53.62 MXN) |
338.51 kr (41.91 MXN) |
-21.8 % |
| Rice (white), (1 lb) |
185.41 kr (22.96 MXN) |
113.90 kr (14.10 MXN) |
-38.6 % |
| Eggs (regular) (12) |
793.21 kr (98.21 MXN) |
350.28 kr (43.37 MXN) |
-55.8 % |
| Local Cheese (1 lb) |
924.32 kr (114.44 MXN) |
560.29 kr (69.37 MXN) |
-39.4 % |
| Chicken Fillets (1 lb) |
1,174.00 kr (145.36 MXN) |
509.36 kr (63.07 MXN) |
-56.6 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,930.13 kr (238.98 MXN) |
714.94 kr (88.52 MXN) |
-63.0 % |
| Apples (1 lb) |
179.02 kr (22.17 MXN) |
181.67 kr (22.49 MXN) |
+1.5 % |
| Banana (1 lb) |
138.99 kr (17.21 MXN) |
90.95 kr (11.26 MXN) |
-34.6 % |
| Oranges (1 lb) |
171.87 kr (21.28 MXN) |
110.27 kr (13.65 MXN) |
-35.8 % |
| Tomato (1 lb) |
286.00 kr (35.41 MXN) |
110.62 kr (13.70 MXN) |
-61.3 % |
| Potato (1 lb) |
193.07 kr (23.91 MXN) |
130.16 kr (16.12 MXN) |
-32.6 % |
| Onion (1 lb) |
119.99 kr (14.86 MXN) |
111.25 kr (13.77 MXN) |
-7.3 % |
| Lettuce (1 head) |
429.95 kr (53.23 MXN) |
173.08 kr (21.43 MXN) |
-59.7 % |
| Water (1.5 liter bottle) |
305.56 kr (37.83 MXN) |
144.27 kr (17.86 MXN) |
-52.8 % |
| Bottle of Wine (Mid-Range) |
2,750.00 kr (340.49 MXN) |
1,615.31 kr (200.00 MXN) |
-41.3 % |
| Domestic Beer (0.5 liter bottle) |
448.92 kr (55.58 MXN) |
228.46 kr (28.29 MXN) |
-49.1 % |
| Imported Beer (12 oz small bottle) |
362.23 kr (44.85 MXN) |
405.19 kr (50.17 MXN) |
+11.9 % |
| Cigarettes 20 Pack (Marlboro) |
1,600.00 kr (198.10 MXN) |
605.74 kr (75.00 MXN) |
-62.1 % |
Transportation | Iceland Edit |
Mexico Edit | |
| One-way Ticket (Local Transport) |
570.00 kr (70.57 MXN) |
96.92 kr (12.00 MXN) |
-83.0 % |
| Monthly Pass (Regular Price) |
9,300.00 kr (1,151.48 MXN) |
4,038.28 kr (500.00 MXN) |
-56.6 % |
| Taxi Start (Normal Tariff) |
730.00 kr (90.39 MXN) |
403.83 kr (50.00 MXN) |
-44.7 % |
| Taxi 1 mile (Normal Tariff) |
487.63 kr (60.38 MXN) |
403.83 kr (50.00 MXN) |
-17.2 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,360.00 kr (1,158.91 MXN) |
1,374.50 kr (170.18 MXN) |
-85.3 % |
| Gasoline (1 gallon) |
1,178.38 kr (145.90 MXN) |
728.81 kr (90.24 MXN) |
-38.2 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,500,000.00 kr (680,983.59 MXN) |
3,230,621.16 kr (400,000.00 MXN) |
-41.3 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
5,786,900.00 kr (716,506.17 MXN) |
3,332,356.05 kr (412,596.32 MXN) |
-42.4 % |
Utilities (Monthly) | Iceland Edit |
Mexico Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
14,410.08 kr (1,784.19 MXN) |
9,710.53 kr (1,202.31 MXN) |
-32.6 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,320.53 kr (411.13 MXN) |
3,500.21 kr (433.38 MXN) |
+5.4 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,843.64 kr (1,218.79 MXN) |
4,194.27 kr (519.31 MXN) |
-57.4 % |
Sports And Leisure | Iceland Edit |
Mexico Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
8,643.56 kr (1,070.20 MXN) |
5,141.72 kr (636.62 MXN) |
-40.5 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,248.33 kr (526.01 MXN) |
2,723.18 kr (337.17 MXN) |
-35.9 % |
| Cinema, International Release, 1 Seat |
2,000.00 kr (247.63 MXN) |
726.89 kr (90.00 MXN) |
-63.7 % |
Childcare | Iceland Edit |
Mexico Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
36,186.93 kr (4,480.49 MXN) |
36,123.68 kr (4,472.66 MXN) |
-0.2 % |
| International Primary School, Yearly for 1 Child |
776,250.00 kr (96,111.55 MXN) |
743,187.83 kr (92,017.95 MXN) |
-4.3 % |
Clothing And Shoes | Iceland Edit |
Mexico Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
15,942.32 kr (1,973.90 MXN) |
7,802.81 kr (966.11 MXN) |
-51.1 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
7,134.12 kr (883.31 MXN) |
5,859.84 kr (725.54 MXN) |
-17.9 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
20,786.21 kr (2,573.65 MXN) |
13,499.83 kr (1,671.48 MXN) |
-35.1 % |
| 1 Pair of Men Leather Business Shoes |
24,993.50 kr (3,094.58 MXN) |
12,399.96 kr (1,535.30 MXN) |
-50.4 % |
Rent Per Month | Iceland Edit |
Mexico Edit | |
| Apartment (1 bedroom) in City Centre |
244,220.69 kr (30,238.23 MXN) |
95,072.08 kr (11,771.37 MXN) |
-61.1 % |
| Apartment (1 bedroom) Outside of Centre |
218,864.59 kr (27,098.76 MXN) |
64,957.68 kr (8,042.75 MXN) |
-70.3 % |
| Apartment (3 bedrooms) in City Centre |
345,829.27 kr (42,818.92 MXN) |
182,611.96 kr (22,610.14 MXN) |
-47.2 % |
| Apartment (3 bedrooms) Outside of Centre |
311,315.79 kr (38,545.63 MXN) |
124,022.60 kr (15,355.88 MXN) |
-60.2 % |
Buy Apartment Price | Iceland Edit |
Mexico Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
73,946.63 kr (9,155.72 MXN) |
26,114.16 kr (3,233.33 MXN) |
-64.7 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
60,029.40 kr (7,432.55 MXN) |
16,909.23 kr (2,093.62 MXN) |
-71.8 % |
Salaries And Financing | Iceland Edit |
Mexico Edit | |
| Average Monthly Net Salary (After Tax) |
582,968.14 kr (72,180.32 MXN) |
107,891.72 kr (13,358.64 MXN) |
-81.5 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 7.46 | 11.43 | +53.3 % |
| Last update: | May 2024 | June 2024 | |
| Contributors in the past 12 months: | 206 | 1120 |
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