Cost of living in Iceland compared to Mexico
Currency:
| Food | + 173% | |||
|---|---|---|---|---|
| Food in Iceland is 173% more expensive than in Mexico | ||||
| Basic lunchtime menu (including a drink) in the business district | 3,296 kr (Mex$ 546) | Mex$ 217 | + 152% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 1,495 kr (Mex$ 248) | Mex$ 120 | + 106% | |
| 500 gr (1 lb.) of boneless chicken breast | 941 kr (Mex$ 156) | Mex$ 55 | + 184% | |
| 1 liter (1 qt.) of whole fat milk | 191 kr (Mex$ 32) | Mex$ 21 | + 50% | |
| 12 eggs, large | 831 kr (Mex$ 138) | Mex$ 35 | + 292% | |
| 1 kg (2 lb.) of tomatoes | 461 kr (Mex$ 76) | Mex$ 25 | + 211% | |
| 500 gr (16 oz.) of local cheese | 904 kr (Mex$ 150) | Mex$ 73 | + 105% | |
| 1 kg (2 lb.) of apples | 350 kr (Mex$ 58) | Mex$ 40 | + 45% | |
| 1 kg (2 lb.) of potatoes | 277 kr (Mex$ 46) | Mex$ 24 | + 87% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 360 kr (Mex$ 60) | Mex$ 24 | + 144% | |
| 1 bottle of red table wine, good quality | 6,335 kr (Mex$ 1,049) | Mex$ 232 | + 353% | |
| 2 liters of coca-cola | 304 kr (Mex$ 50) | Mex$ 30 | + 67% | |
| Bread for 2 people for 1 day | 484 kr (Mex$ 80) | Mex$ 21 | + 290% | |
| Housing | + 262% | |||
| Housing in Iceland is 262% more expensive than in Mexico | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 235,454 kr (Mex$ 38,995) | Mex$ 18,963 | + 106% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 255,127 kr (Mex$ 42,254) | Mex$ 8,629 | + 390% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 33,887 kr (Mex$ 5,612) | Mex$ 1,028 | + 446% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 168,623 kr (Mex$ 27,927) | Mex$ 10,061 | + 178% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 154,550 kr (Mex$ 25,596) | Mex$ 5,160 | + 396% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 21,721 kr (Mex$ 3,597) | Mex$ 730 | + 393% | |
| Internet 8 mbps (1 month) | 11,469 kr (Mex$ 1,900) | Mex$ 379 | + 402% | |
| 40” flat screen tv | 161,780 kr (Mex$ 26,794) | Mex$ 6,882 | + 289% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 42,834 kr (Mex$ 7,094) | Mex$ 2,061 | + 244% | |
| Laundry detergent (3 l. ~ 100 oz.) | 2,253 kr (Mex$ 373) | Mex$ 99 | + 278% | |
| Hourly rate for cleaning help | 4,567 kr (Mex$ 756) | Mex$ 91 | + 731% | |
| Clothes | + 499% | |||
| Clothes in Iceland is 499% more expensive than in Mexico | ||||
| 1 pair of jeans (levis 501 or similar) | 42,000 kr (Mex$ 6,956) | Mex$ 839 | + 729% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 22,000 kr (Mex$ 3,644) | Mex$ 651 | + 459% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 35,000 kr (Mex$ 5,797) | Mex$ 1,510 | + 284% | |
| 1 pair of men’s leather business shoes | 44,000 kr (Mex$ 7,287) | Mex$ 1,117 | + 552% | |
| Transportation | + 205% | |||
| Transportation in Iceland is 205% more expensive than in Mexico | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 5,289,920 kr (Mex$ 876,107) | Mex$ 347,300 | + 152% | |
| 1 liter (1/4 gallon) of gas | 258 kr (Mex$ 43) | Mex$ 19 | + 127% | |
| Monthly ticket public transport | 13,639 kr (Mex$ 2,259) | Mex$ 535 | + 322% | |
| Personal Care | + 209% | |||
| Personal Care in Iceland is 209% more expensive than in Mexico | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 1,200 kr (Mex$ 199) | Mex$ 82 | + 143% | |
| 1 box of antibiotics (12 doses) | 2,500 kr (Mex$ 414) | Mex$ 183 | + 127% | |
| Short visit to private doctor (15 minutes) | 7,321 kr (Mex$ 1,213) | Mex$ 519 | + 134% | |
| 1 box of 32 tampons (tampax, ob, ...) | 620 kr (Mex$ 103) | Mex$ 80 | + 29% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 1,188 kr (Mex$ 197) | Mex$ 50 | + 295% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 650 kr (Mex$ 108) | Mex$ 55 | + 95% | |
| 4 rolls of toilet paper | 800 kr (Mex$ 132) | Mex$ 30 | + 340% | |
| Tube of toothpaste | 650 kr (Mex$ 108) | Mex$ 29 | + 273% | |
| Standard men's haircut in expat area of the city | 5,602 kr (Mex$ 928) | Mex$ 189 | + 392% | |
| Entertainment | + 296% | |||
| Entertainment in Iceland is 296% more expensive than in Mexico | ||||
| Basic dinner out for two in neighborhood pub | 16,689 kr (Mex$ 2,764) | Mex$ 305 | + 805% | |
| 2 tickets to the movies | 3,582 kr (Mex$ 593) | Mex$ 150 | + 295% | |
| 2 tickets to the theater (best available seats) | 20,600 kr (Mex$ 3,412) | Mex$ 846 | + 303% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 27,766 kr (Mex$ 4,599) | Mex$ 683 | + 573% | |
| 1 cocktail drink in downtown club | 2,796 kr (Mex$ 463) | Mex$ 125 | + 270% | |
| Cappuccino in expat area of the city | 722 kr (Mex$ 120) | Mex$ 71 | + 69% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,097 kr (Mex$ 182) | Mex$ 39 | + 365% | |
| Ipad wi-fi 128gb | 120,000 kr (Mex$ 19,874) | Mex$ 10,288 | + 93% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 44 kr (Mex$ 7) | Mex$ 2.62 | + 178% | |
| 1 month of gym membership in business district | 15,861 kr (Mex$ 2,627) | Mex$ 975 | + 169% | |
| 1 package of marlboro cigarettes | 1,891 kr (Mex$ 313) | Mex$ 62 | + 409% | |
| TOTAL | + 238% | |||
This comparison has some inconsistent or sparse data. It already provides a reliable comparison but it is not bullet-proof. It is based on 12,936 prices entered by 1,185 different people.
These prices were last updated on February 27, 2021.
Exchange rate:
0.16562
MXN
/
ISK
Cost of living in Iceland is 238% more expensive than in Mexico
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