Cost of living in Mexico compared to Iceland
Currency:
Food | - 55% | |||
---|---|---|---|---|
Food in Mexico is 55% cheaper than in Iceland | ||||
Mexico | Iceland | Diff | ||
Basic lunchtime menu (including a drink) in the business district | Mex$ 307 (2,484 kr) | 5,459 kr | - 54% | |
Combo meal in fast food restaurant (big mac meal or similar) | Mex$ 160 (1,298 kr) | 2,999 kr | - 57% | |
500 gr (1 lb.) of boneless chicken breast | Mex$ 70 (566 kr) | 1,493 kr | - 62% | |
1 liter (1 qt.) of whole fat milk | Mex$ 28 (225 kr) | 236 kr | - 4% | |
12 eggs, large | Mex$ 47 (378 kr) | 1,045 kr | - 64% | |
1 kg (2 lb.) of tomatoes | Mex$ 30 (243 kr) | 666 kr | - 64% | |
500 gr (16 oz.) of local cheese | Mex$ 94 (763 kr) | 1,713 kr | - 55% | |
1 kg (2 lb.) of apples | Mex$ 50 (403 kr) | 399 kr | + 1% | |
1 kg (2 lb.) of potatoes | Mex$ 35 (286 kr) | 468 kr | - 39% | |
0.5 l (16 oz) domestic beer in the supermarket | Mex$ 30 (242 kr) | 699 kr | - 65% | |
1 bottle of red table wine, good quality | Mex$ 280 (2,263 kr) | 3,728 kr | - 39% | |
2 liters of coca-cola | Mex$ 36 (288 kr) | 396 kr | - 27% | |
Bread for 2 people for 1 day | Mex$ 25 (205 kr) | 589 kr | - 65% | |
Housing | - 73% | |||
Housing in Mexico is 73% cheaper than in Iceland | ||||
Mexico | Iceland | Diff | ||
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | Mex$ 22,547 (182,439 kr) | 337,107 kr | - 46% | |
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | Mex$ 11,524 (93,248 kr) | 238,569 kr | - 61% | |
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | Mex$ 1,261 (10,206 kr) | 222,135 kr | - 95% | |
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | Mex$ 13,624 (110,234 kr) | 246,021 kr | - 55% | |
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | Mex$ 7,661 (61,988 kr) | 155,625 kr | - 60% | |
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | Mex$ 888 (7,185 kr) | 62,145 kr | - 88% | |
Internet 8 mbps (1 month) | Mex$ 432 (3,497 kr) | 21,072 kr | - 83% | |
40” flat screen tv | Mex$ 6,272 (50,747 kr) | 150,515 kr | - 66% | |
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | Mex$ 2,714 (21,962 kr) | 24,394 kr | - 10% | |
Laundry detergent (3 l. ~ 100 oz.) | Mex$ 115 (931 kr) | 3,236 kr | - 71% | |
Hourly rate for cleaning help | Mex$ 119 (965 kr) | 7,154 kr | - 87% | |
Clothes | - 64% | |||
Clothes in Mexico is 64% cheaper than in Iceland | ||||
Mexico | Iceland | Diff | ||
1 pair of jeans (levis 501 or similar) | Mex$ 979 (7,920 kr) | 16,280 kr | - 51% | |
1 summer dress in a high street store (zara, h&m or similar retailers) | Mex$ 692 (5,601 kr) | 18,714 kr | - 70% | |
1 pair of sport shoes (nike, adidas, or equivalent brands) | Mex$ 1,751 (14,171 kr) | 26,530 kr | - 47% | |
1 pair of men’s leather business shoes | Mex$ 1,375 (11,123 kr) | 35,893 kr | - 69% | |
Transportation | - 61% | |||
Transportation in Mexico is 61% cheaper than in Iceland | ||||
Mexico | Iceland | Diff | ||
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | Mex$ 375,809 (3,040,849 kr) | 6,086,940 kr | - 50% | |
1 liter (1/4 gallon) of gas | Mex$ 23 (186 kr) | 313 kr | - 40% | |
Monthly ticket public transport | Mex$ 583 (4,721 kr) | 16,297 kr | - 71% | |
Personal Care | - 57% | |||
Personal Care in Mexico is 57% cheaper than in Iceland | ||||
Mexico | Iceland | Diff | ||
Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | Mex$ 93 (755 kr) | 2,500 kr | - 70% | |
1 box of antibiotics (12 doses) | Mex$ 218 (1,765 kr) | 3,085 kr | - 43% | |
Short visit to private doctor (15 minutes) | Mex$ 696 (5,631 kr) | 19,528 kr | - 71% | |
1 box of 32 tampons (tampax, ob, ...) | Mex$ 79 (641 kr) | 750 kr | - 14% | |
Deodorant, roll-on (50ml ~ 1.5 oz.) | Mex$ 63 (508 kr) | 665 kr | - 24% | |
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | Mex$ 69 (561 kr) | 948 kr | - 41% | |
4 rolls of toilet paper | Mex$ 35 (286 kr) | 863 kr | - 67% | |
Tube of toothpaste | Mex$ 34 (275 kr) | 577 kr | - 52% | |
Standard men's haircut in expat area of the city | Mex$ 260 (2,102 kr) | 6,596 kr | - 68% | |
Entertainment | - 64% | |||
Entertainment in Mexico is 64% cheaper than in Iceland | ||||
Mexico | Iceland | Diff | ||
Basic dinner out for two in neighborhood pub | Mex$ 396 (3,207 kr) | 12,694 kr | - 75% | |
2 tickets to the movies | Mex$ 164 (1,329 kr) | 5,796 kr | - 77% | |
2 tickets to the theater (best available seats) | Mex$ 829 (6,710 kr) | 17,961 kr | - 63% | |
Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | Mex$ 904 (7,317 kr) | 18,942 kr | - 61% | |
1 cocktail drink in downtown club | Mex$ 179 (1,450 kr) | 3,082 kr | - 53% | |
Cappuccino in expat area of the city | Mex$ 81 (657 kr) | 697 kr | - 6% | |
1 beer in neighbourhood pub (500ml or 1pt.) | Mex$ 49 (393 kr) | 1,183 kr | - 67% | |
Ipad wi-fi 128gb | Mex$ 11,173 (90,402 kr) | 179,000 kr | - 49% | |
1 min. of prepaid mobile tariff (no discounts or plans) | Mex$ 2.44 (20 kr) | - | - | |
1 month of gym membership in business district | Mex$ 888 (7,186 kr) | 38,993 kr | - 82% | |
1 package of marlboro cigarettes | Mex$ 74 (600 kr) | 1,775 kr | - 66% | |
TOTAL | - 64% |
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 8,706 prices entered by 871 different people.
These prices were last updated on March 18, 2024.
Exchange rate:
8.091
ISK
/
MXN
Cost of living in Mexico is 64% cheaper than in Iceland
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