Cost of living in Iceland compared to Mexico
Currency:
| Food | + 155% | |||
|---|---|---|---|---|
| Food in Iceland is 155% more expensive than in Mexico | ||||
| Iceland | Mexico | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 4,437 kr (Mex$ 669) | Mex$ 243 | + 176% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 2,053 kr (Mex$ 309) | Mex$ 140 | + 122% | |
| 500 gr (1 lb.) of boneless chicken breast | 1,018 kr (Mex$ 153) | Mex$ 64 | + 140% | |
| 1 liter (1 qt.) of whole fat milk | 236 kr (Mex$ 36) | Mex$ 23 | + 53% | |
| 12 eggs, large | 720 kr (Mex$ 108) | Mex$ 37 | + 194% | |
| 1 kg (2 lb.) of tomatoes | 706 kr (Mex$ 106) | Mex$ 25 | + 324% | |
| 500 gr (16 oz.) of local cheese | 1,069 kr (Mex$ 161) | Mex$ 78 | + 106% | |
| 1 kg (2 lb.) of apples | 270 kr (Mex$ 41) | Mex$ 47 | - 13% | |
| 1 kg (2 lb.) of potatoes | 414 kr (Mex$ 62) | Mex$ 27 | + 130% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 463 kr (Mex$ 70) | Mex$ 24 | + 185% | |
| 1 bottle of red table wine, good quality | 2,821 kr (Mex$ 425) | Mex$ 263 | + 62% | |
| 2 liters of coca-cola | 338 kr (Mex$ 51) | Mex$ 33 | + 55% | |
| Bread for 2 people for 1 day | 492 kr (Mex$ 74) | Mex$ 21 | + 247% | |
| Housing | + 257% | |||
| Housing in Iceland is 257% more expensive than in Mexico | ||||
| Iceland | Mexico | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 334,278 kr (Mex$ 50,373) | Mex$ 18,913 | + 166% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 287,466 kr (Mex$ 43,319) | Mex$ 9,499 | + 356% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 54,829 kr (Mex$ 8,262) | Mex$ 1,089 | + 659% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 207,933 kr (Mex$ 31,334) | Mex$ 11,669 | + 169% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 197,248 kr (Mex$ 29,724) | Mex$ 6,034 | + 393% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 30,820 kr (Mex$ 4,644) | Mex$ 850 | + 447% | |
| Internet 8 mbps (1 month) | 8,104 kr (Mex$ 1,221) | Mex$ 402 | + 204% | |
| 40” flat screen tv | 94,218 kr (Mex$ 14,198) | Mex$ 7,396 | + 92% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 48,000 kr (Mex$ 7,233) | Mex$ 2,437 | + 197% | |
| Laundry detergent (3 l. ~ 100 oz.) | 3,700 kr (Mex$ 558) | Mex$ 115 | + 383% | |
| Hourly rate for cleaning help | 6,316 kr (Mex$ 952) | Mex$ 109 | + 770% | |
| Clothes | + 170% | |||
| Clothes in Iceland is 170% more expensive than in Mexico | ||||
| Iceland | Mexico | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 15,379 kr (Mex$ 2,317) | Mex$ 917 | + 153% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 11,736 kr (Mex$ 1,768) | Mex$ 652 | + 171% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 27,493 kr (Mex$ 4,143) | Mex$ 1,593 | + 160% | |
| 1 pair of men’s leather business shoes | 26,006 kr (Mex$ 3,919) | Mex$ 1,242 | + 215% | |
| Transportation | + 163% | |||
| Transportation in Iceland is 163% more expensive than in Mexico | ||||
| Iceland | Mexico | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 3,937,100 kr (Mex$ 593,289) | Mex$ 333,695 | + 78% | |
| 1 liter (1/4 gallon) of gas | 300 kr (Mex$ 45) | Mex$ 21 | + 112% | |
| Monthly ticket public transport | 12,696 kr (Mex$ 1,913) | Mex$ 518 | + 269% | |
| Personal Care | + 163% | |||
| Personal Care in Iceland is 163% more expensive than in Mexico | ||||
| Iceland | Mexico | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 680 kr (Mex$ 102) | Mex$ 84 | + 22% | |
| 1 box of antibiotics (12 doses) | 2,068 kr (Mex$ 312) | Mex$ 199 | + 56% | |
| Short visit to private doctor (15 minutes) | 10,000 kr (Mex$ 1,507) | Mex$ 580 | + 160% | |
| 1 box of 32 tampons (tampax, ob, ...) | 950 kr (Mex$ 143) | Mex$ 76 | + 89% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 1,395 kr (Mex$ 210) | Mex$ 55 | + 280% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 685 kr (Mex$ 103) | Mex$ 58 | + 77% | |
| 4 rolls of toilet paper | 638 kr (Mex$ 96) | Mex$ 30 | + 221% | |
| Tube of toothpaste | 454 kr (Mex$ 68) | Mex$ 32 | + 114% | |
| Standard men's haircut in expat area of the city | 7,203 kr (Mex$ 1,085) | Mex$ 231 | + 371% | |
| Entertainment | + 75% | |||
| Entertainment in Iceland is 75% more expensive than in Mexico | ||||
| Iceland | Mexico | Diff | ||
| Basic dinner out for two in neighborhood pub | 4,944 kr (Mex$ 745) | Mex$ 318 | + 134% | |
| 2 tickets to the movies | 3,278 kr (Mex$ 494) | Mex$ 156 | + 216% | |
| 2 tickets to the theater (best available seats) | 35,000 kr (Mex$ 5,274) | Mex$ 742 | + 611% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 14,878 kr (Mex$ 2,242) | Mex$ 741 | + 203% | |
| 1 cocktail drink in downtown club | 3,005 kr (Mex$ 453) | Mex$ 149 | + 203% | |
| Cappuccino in expat area of the city | 616 kr (Mex$ 93) | Mex$ 82 | + 13% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,191 kr (Mex$ 180) | Mex$ 42 | + 329% | |
| Ipad wi-fi 128gb | 11,800 kr (Mex$ 1,778) | Mex$ 12,133 | - 85% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 20 kr (Mex$ 2.95) | Mex$ 2.74 | + 8% | |
| 1 month of gym membership in business district | 7,344 kr (Mex$ 1,107) | Mex$ 909 | + 22% | |
| 1 package of marlboro cigarettes | 2,033 kr (Mex$ 306) | Mex$ 67 | + 360% | |
| TOTAL | + 167% | |||
These prices were last updated on May 20, 2022.
Exchange rate:
0.15069
MXN
/
ISK
This comparison is based on abundant and consistent data. It is based on 9,511 prices entered by 1,089 different people.
Cost of living in Iceland is 167% more expensive than in Mexico
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