Cost of living in Iceland compared to Mexico
Currency:
| Food | + 126% | |||
|---|---|---|---|---|
| Food in Iceland is 126% more expensive than in Mexico | ||||
| Iceland | Mexico | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 4,287 kr (Mex$ 539) | Mex$ 267 | + 102% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 2,748 kr (Mex$ 346) | Mex$ 147 | + 135% | |
| 500 gr (1 lb.) of boneless chicken breast | 1,229 kr (Mex$ 155) | Mex$ 68 | + 128% | |
| 1 liter (1 qt.) of whole fat milk | 241 kr (Mex$ 30) | Mex$ 26 | + 17% | |
| 12 eggs, large | 815 kr (Mex$ 103) | Mex$ 45 | + 126% | |
| 1 kg (2 lb.) of tomatoes | 653 kr (Mex$ 82) | Mex$ 26 | + 218% | |
| 500 gr (16 oz.) of local cheese | 1,271 kr (Mex$ 160) | Mex$ 86 | + 87% | |
| 1 kg (2 lb.) of apples | 429 kr (Mex$ 54) | Mex$ 48 | + 13% | |
| 1 kg (2 lb.) of potatoes | 475 kr (Mex$ 60) | Mex$ 32 | + 88% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 662 kr (Mex$ 83) | Mex$ 28 | + 198% | |
| 1 bottle of red table wine, good quality | 6,302 kr (Mex$ 793) | Mex$ 258 | + 207% | |
| 2 liters of coca-cola | 346 kr (Mex$ 43) | Mex$ 34 | + 27% | |
| Bread for 2 people for 1 day | 669 kr (Mex$ 84) | Mex$ 24 | + 245% | |
| Housing | + 213% | |||
| Housing in Iceland is 213% more expensive than in Mexico | ||||
| Iceland | Mexico | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 348,121 kr (Mex$ 43,799) | Mex$ 19,938 | + 120% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 277,000 kr (Mex$ 34,851) | Mex$ 10,383 | + 236% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 65,177 kr (Mex$ 8,200) | Mex$ 1,041 | + 688% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 214,441 kr (Mex$ 26,980) | Mex$ 12,588 | + 114% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 189,329 kr (Mex$ 23,821) | Mex$ 6,783 | + 251% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 42,933 kr (Mex$ 5,402) | Mex$ 721 | + 649% | |
| Internet 8 mbps (1 month) | 6,518 kr (Mex$ 820) | Mex$ 399 | + 106% | |
| 40” flat screen tv | 165,479 kr (Mex$ 20,820) | Mex$ 6,607 | + 215% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 49,096 kr (Mex$ 6,177) | Mex$ 2,555 | + 142% | |
| Laundry detergent (3 l. ~ 100 oz.) | 3,317 kr (Mex$ 417) | Mex$ 115 | + 263% | |
| Hourly rate for cleaning help | 11,734 kr (Mex$ 1,476) | Mex$ 126 | + 1069% | |
| Clothes | + 246% | |||
| Clothes in Iceland is 246% more expensive than in Mexico | ||||
| Iceland | Mexico | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 37,157 kr (Mex$ 4,675) | Mex$ 967 | + 383% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 15,761 kr (Mex$ 1,983) | Mex$ 718 | + 176% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 31,870 kr (Mex$ 4,010) | Mex$ 1,709 | + 135% | |
| 1 pair of men’s leather business shoes | 67,739 kr (Mex$ 8,523) | Mex$ 1,262 | + 575% | |
| Transportation | + 109% | |||
| Transportation in Iceland is 109% more expensive than in Mexico | ||||
| Iceland | Mexico | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 5,967,620 kr (Mex$ 750,827) | Mex$ 384,066 | + 95% | |
| 1 liter (1/4 gallon) of gas | 296 kr (Mex$ 37) | Mex$ 23 | + 64% | |
| Monthly ticket public transport | 11,269 kr (Mex$ 1,418) | Mex$ 559 | + 154% | |
| Personal Care | + 229% | |||
| Personal Care in Iceland is 229% more expensive than in Mexico | ||||
| Iceland | Mexico | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 713 kr (Mex$ 90) | Mex$ 91 | - 2% | |
| 1 box of antibiotics (12 doses) | 3,600 kr (Mex$ 453) | Mex$ 205 | + 121% | |
| Short visit to private doctor (15 minutes) | 24,000 kr (Mex$ 3,020) | Mex$ 592 | + 410% | |
| 1 box of 32 tampons (tampax, ob, ...) | 1,114 kr (Mex$ 140) | Mex$ 74 | + 89% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 2,112 kr (Mex$ 266) | Mex$ 60 | + 345% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 851 kr (Mex$ 107) | Mex$ 69 | + 56% | |
| 4 rolls of toilet paper | 1,255 kr (Mex$ 158) | Mex$ 39 | + 302% | |
| Tube of toothpaste | 653 kr (Mex$ 82) | Mex$ 35 | + 136% | |
| Standard men's haircut in expat area of the city | 7,548 kr (Mex$ 950) | Mex$ 245 | + 287% | |
| Entertainment | + 202% | |||
| Entertainment in Iceland is 202% more expensive than in Mexico | ||||
| Iceland | Mexico | Diff | ||
| Basic dinner out for two in neighborhood pub | 9,762 kr (Mex$ 1,228) | Mex$ 358 | + 243% | |
| 2 tickets to the movies | 5,350 kr (Mex$ 673) | Mex$ 155 | + 335% | |
| 2 tickets to the theater (best available seats) | 28,094 kr (Mex$ 3,535) | Mex$ 723 | + 389% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 21,937 kr (Mex$ 2,760) | Mex$ 766 | + 260% | |
| 1 cocktail drink in downtown club | 3,419 kr (Mex$ 430) | Mex$ 163 | + 165% | |
| Cappuccino in expat area of the city | 989 kr (Mex$ 124) | Mex$ 79 | + 57% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,777 kr (Mex$ 224) | Mex$ 45 | + 397% | |
| Ipad wi-fi 128gb | 188,000 kr (Mex$ 23,654) | Mex$ 10,723 | + 121% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 70 kr (Mex$ 9) | Mex$ 2.26 | + 289% | |
| 1 month of gym membership in business district | 13,622 kr (Mex$ 1,714) | Mex$ 888 | + 93% | |
| 1 package of marlboro cigarettes | 1,792 kr (Mex$ 225) | Mex$ 78 | + 188% | |
| TOTAL | + 167% | |||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 9,895 prices entered by 965 different people.
These prices were last updated on June 02, 2023.
Exchange rate:
0.12582
MXN
/
ISK
Cost of living in Iceland is 167% more expensive than in Mexico
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