Cost of living in Iceland compared to Mexico
Currency:
| Food | + 184% | |||
|---|---|---|---|---|
| Food in Iceland is 184% more expensive than in Mexico | ||||
| Iceland | Mexico | Diff | ||
| Basic lunchtime menu (including a drink) in the business district | 7,596 kr (Mex$ 1,134) | Mex$ 311 | + 265% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 2,977 kr (Mex$ 444) | Mex$ 174 | + 155% | |
| 500 gr (1 lb.) of boneless chicken breast | 1,608 kr (Mex$ 240) | Mex$ 72 | + 235% | |
| 1 liter (1 qt.) of whole fat milk | 253 kr (Mex$ 38) | Mex$ 28 | + 33% | |
| 12 eggs, large | 1,036 kr (Mex$ 155) | Mex$ 49 | + 218% | |
| 1 kg (2 lb.) of tomatoes | 774 kr (Mex$ 116) | Mex$ 34 | + 245% | |
| 500 gr (16 oz.) of local cheese | 1,658 kr (Mex$ 247) | Mex$ 85 | + 190% | |
| 1 kg (2 lb.) of apples | 606 kr (Mex$ 90) | Mex$ 46 | + 95% | |
| 1 kg (2 lb.) of potatoes | 466 kr (Mex$ 70) | Mex$ 33 | + 109% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 563 kr (Mex$ 84) | Mex$ 31 | + 174% | |
| 1 bottle of red table wine, good quality | 4,329 kr (Mex$ 646) | Mex$ 265 | + 144% | |
| 2 liters of coca-cola | 385 kr (Mex$ 57) | Mex$ 38 | + 50% | |
| Bread for 2 people for 1 day | 448 kr (Mex$ 67) | Mex$ 29 | + 134% | |
| Housing | + 340% | |||
| Housing in Iceland is 340% more expensive than in Mexico | ||||
| Iceland | Mexico | Diff | ||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 415,163 kr (Mex$ 61,958) | Mex$ 22,928 | + 170% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 344,698 kr (Mex$ 51,442) | Mex$ 11,895 | + 332% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 222,135 kr (Mex$ 33,151) | Mex$ 1,264 | + 2523% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 340,133 kr (Mex$ 50,760) | Mex$ 14,573 | + 248% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 252,240 kr (Mex$ 37,644) | Mex$ 7,356 | + 412% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 31,740 kr (Mex$ 4,737) | Mex$ 866 | + 447% | |
| Internet 8 mbps (1 month) | 11,660 kr (Mex$ 1,740) | Mex$ 420 | + 315% | |
| 40” flat screen tv | 135,104 kr (Mex$ 20,163) | Mex$ 5,679 | + 255% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 24,394 kr (Mex$ 3,641) | Mex$ 2,383 | + 53% | |
| Laundry detergent (3 l. ~ 100 oz.) | 2,814 kr (Mex$ 420) | Mex$ 125 | + 237% | |
| Hourly rate for cleaning help | 5,651 kr (Mex$ 843) | Mex$ 136 | + 519% | |
| Clothes | + 191% | |||
| Clothes in Iceland is 191% more expensive than in Mexico | ||||
| Iceland | Mexico | Diff | ||
| 1 pair of jeans (levis 501 or similar) | 13,152 kr (Mex$ 1,963) | Mex$ 939 | + 109% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 18,714 kr (Mex$ 2,793) | Mex$ 760 | + 267% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 26,530 kr (Mex$ 3,959) | Mex$ 1,700 | + 133% | |
| 1 pair of men’s leather business shoes | 25,574 kr (Mex$ 3,817) | Mex$ 1,426 | + 168% | |
| Transportation | + 118% | |||
| Transportation in Iceland is 118% more expensive than in Mexico | ||||
| Iceland | Mexico | Diff | ||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 6,086,940 kr (Mex$ 908,398) | Mex$ 411,115 | + 121% | |
| 1 liter (1/4 gallon) of gas | 300 kr (Mex$ 45) | Mex$ 24 | + 86% | |
| Monthly ticket public transport | 10,800 kr (Mex$ 1,612) | Mex$ 651 | + 147% | |
| Personal Care | + 144% | |||
| Personal Care in Iceland is 144% more expensive than in Mexico | ||||
| Iceland | Mexico | Diff | ||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 1,367 kr (Mex$ 204) | Mex$ 101 | + 103% | |
| 1 box of antibiotics (12 doses) | 3,085 kr (Mex$ 460) | Mex$ 255 | + 80% | |
| Short visit to private doctor (15 minutes) | 19,528 kr (Mex$ 2,914) | Mex$ 731 | + 299% | |
| 1 box of 32 tampons (tampax, ob, ...) | 750 kr (Mex$ 112) | Mex$ 81 | + 39% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 665 kr (Mex$ 99) | Mex$ 66 | + 51% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 948 kr (Mex$ 141) | Mex$ 83 | + 71% | |
| 4 rolls of toilet paper | 863 kr (Mex$ 129) | Mex$ 39 | + 234% | |
| Tube of toothpaste | 577 kr (Mex$ 86) | Mex$ 40 | + 117% | |
| Standard men's haircut in expat area of the city | 7,963 kr (Mex$ 1,188) | Mex$ 304 | + 290% | |
| Entertainment | + 162% | |||
| Entertainment in Iceland is 162% more expensive than in Mexico | ||||
| Iceland | Mexico | Diff | ||
| Basic dinner out for two in neighborhood pub | 9,486 kr (Mex$ 1,416) | Mex$ 384 | + 269% | |
| 2 tickets to the movies | 5,796 kr (Mex$ 865) | Mex$ 174 | + 398% | |
| 2 tickets to the theater (best available seats) | 17,961 kr (Mex$ 2,680) | Mex$ 929 | + 188% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 11,715 kr (Mex$ 1,748) | Mex$ 858 | + 104% | |
| 1 cocktail drink in downtown club | 3,638 kr (Mex$ 543) | Mex$ 199 | + 173% | |
| Cappuccino in expat area of the city | 811 kr (Mex$ 121) | Mex$ 91 | + 32% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,366 kr (Mex$ 204) | Mex$ 57 | + 258% | |
| Ipad wi-fi 128gb | 172,430 kr (Mex$ 25,733) | Mex$ 11,182 | + 130% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | - | Mex$ 2.22 | - | |
| 1 month of gym membership in business district | 25,228 kr (Mex$ 3,765) | Mex$ 887 | + 324% | |
| 1 package of marlboro cigarettes | 1,827 kr (Mex$ 273) | Mex$ 80 | + 240% | |
| TOTAL | + 199% | |||
WARNING! This comparison is based on only a few data points. At this point it is only a guess. It is based on 6,697 prices entered by 686 different people.
These prices were last updated on March 20, 2025.
Exchange rate:
0.14924
MXN
/
ISK
Cost of living in Iceland is 199% more expensive than in Mexico
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