Cost of living in Iceland compared to Mexico
Currency:
| Food | + 156% | |||
|---|---|---|---|---|
| Food in Iceland is 156% more expensive than in Mexico | ||||
| Basic lunchtime menu (including a drink) in the business district | 2,682 kr (Mex$ 401) | Mex$ 163 | + 146% | |
| Combo meal in fast food restaurant (big mac meal or similar) | 1,972 kr (Mex$ 295) | Mex$ 108 | + 174% | |
| 500 gr (1 lb.) of boneless chicken breast | 1,138 kr (Mex$ 170) | Mex$ 57 | + 200% | |
| 1 liter (1 qt.) of whole fat milk | 157 kr (Mex$ 24) | Mex$ 20 | + 17% | |
| 12 eggs, large | 755 kr (Mex$ 113) | Mex$ 32 | + 250% | |
| 1 kg (2 lb.) of tomatoes | 592 kr (Mex$ 89) | Mex$ 22 | + 304% | |
| 500 gr (16 oz.) of local cheese | 897 kr (Mex$ 134) | Mex$ 67 | + 100% | |
| 1 kg (2 lb.) of apples | 415 kr (Mex$ 62) | Mex$ 40 | + 55% | |
| 1 kg (2 lb.) of potatoes | 426 kr (Mex$ 64) | Mex$ 23 | + 171% | |
| 0.5 l (16 oz) domestic beer in the supermarket | 398 kr (Mex$ 60) | Mex$ 22 | + 176% | |
| 1 bottle of red table wine, good quality | 3,115 kr (Mex$ 466) | Mex$ 217 | + 115% | |
| 2 liters of coca-cola | 335 kr (Mex$ 50) | Mex$ 28 | + 80% | |
| Bread for 2 people for 1 day | 320 kr (Mex$ 48) | Mex$ 20 | + 144% | |
| Housing | + 182% | |||
| Housing in Iceland is 182% more expensive than in Mexico | ||||
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area | 269,483 kr (Mex$ 40,312) | Mex$ 19,403 | + 108% | |
| Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area | 232,178 kr (Mex$ 34,732) | Mex$ 8,946 | + 288% | |
| Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat | 23,301 kr (Mex$ 3,486) | Mex$ 1,220 | + 186% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area | 173,145 kr (Mex$ 25,901) | Mex$ 10,855 | + 139% | |
| Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area | 176,252 kr (Mex$ 26,366) | Mex$ 5,716 | + 361% | |
| Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio | 25,549 kr (Mex$ 3,822) | Mex$ 897 | + 326% | |
| Internet 8 mbps (1 month) | 6,689 kr (Mex$ 1,001) | Mex$ 386 | + 159% | |
| 40” flat screen tv | 86,633 kr (Mex$ 12,960) | Mex$ 7,586 | + 71% | |
| Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) | 25,900 kr (Mex$ 3,874) | Mex$ 1,960 | + 98% | |
| Laundry detergent (3 l. ~ 100 oz.) | 1,925 kr (Mex$ 288) | Mex$ 102 | + 184% | |
| Hourly rate for cleaning help | 3,410 kr (Mex$ 510) | Mex$ 86 | + 496% | |
| Clothes | + 116% | |||
| Clothes in Iceland is 116% more expensive than in Mexico | ||||
| 1 pair of jeans (levis 501 or similar) | 17,501 kr (Mex$ 2,618) | Mex$ 854 | + 207% | |
| 1 summer dress in a high street store (zara, h&m or similar retailers) | 7,301 kr (Mex$ 1,092) | Mex$ 632 | + 73% | |
| 1 pair of sport shoes (nike, adidas, or equivalent brands) | 17,572 kr (Mex$ 2,629) | Mex$ 1,511 | + 74% | |
| 1 pair of men’s leather business shoes | 29,325 kr (Mex$ 4,387) | Mex$ 1,218 | + 260% | |
| Transportation | + 145% | |||
| Transportation in Iceland is 145% more expensive than in Mexico | ||||
| Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new | 3,672,550 kr (Mex$ 549,382) | Mex$ 323,328 | + 70% | |
| 1 liter (1/4 gallon) of gas | 191 kr (Mex$ 29) | Mex$ 20 | + 41% | |
| Monthly ticket public transport | 12,731 kr (Mex$ 1,904) | Mex$ 499 | + 282% | |
| Personal Care | + 85% | |||
| Personal Care in Iceland is 85% more expensive than in Mexico | ||||
| Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) | 1,355 kr (Mex$ 203) | Mex$ 79 | + 157% | |
| 1 box of antibiotics (12 doses) | 1,601 kr (Mex$ 239) | Mex$ 214 | + 12% | |
| Short visit to private doctor (15 minutes) | 4,855 kr (Mex$ 726) | Mex$ 566 | + 28% | |
| 1 box of 32 tampons (tampax, ob, ...) | 498 kr (Mex$ 75) | Mex$ 70 | + 6% | |
| Deodorant, roll-on (50ml ~ 1.5 oz.) | 408 kr (Mex$ 61) | Mex$ 49 | + 24% | |
| Hair shampoo 2-in-1 (400 ml ~ 12 oz.) | 866 kr (Mex$ 130) | Mex$ 57 | + 129% | |
| 4 rolls of toilet paper | 392 kr (Mex$ 59) | Mex$ 30 | + 97% | |
| Tube of toothpaste | 403 kr (Mex$ 60) | Mex$ 30 | + 100% | |
| Standard men's haircut in expat area of the city | 6,887 kr (Mex$ 1,030) | Mex$ 187 | + 452% | |
| Entertainment | + 153% | |||
| Entertainment in Iceland is 153% more expensive than in Mexico | ||||
| Basic dinner out for two in neighborhood pub | 6,422 kr (Mex$ 961) | Mex$ 348 | + 176% | |
| 2 tickets to the movies | 3,045 kr (Mex$ 456) | Mex$ 139 | + 228% | |
| 2 tickets to the theater (best available seats) | 10,062 kr (Mex$ 1,505) | Mex$ 904 | + 67% | |
| Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert | 12,253 kr (Mex$ 1,833) | Mex$ 662 | + 177% | |
| 1 cocktail drink in downtown club | 2,505 kr (Mex$ 375) | Mex$ 110 | + 242% | |
| Cappuccino in expat area of the city | 713 kr (Mex$ 107) | Mex$ 59 | + 82% | |
| 1 beer in neighbourhood pub (500ml or 1pt.) | 1,141 kr (Mex$ 171) | Mex$ 41 | + 317% | |
| Ipad wi-fi 128gb | 88,913 kr (Mex$ 13,301) | Mex$ 9,884 | + 35% | |
| 1 min. of prepaid mobile tariff (no discounts or plans) | 64 kr (Mex$ 10) | Mex$ 1.82 | + 427% | |
| 1 month of gym membership in business district | 7,926 kr (Mex$ 1,186) | Mex$ 881 | + 35% | |
| 1 package of marlboro cigarettes | 1,429 kr (Mex$ 214) | Mex$ 55 | + 285% | |
| TOTAL | + 153% | |||
These prices were last updated on February 25, 2020.
Exchange rate:
0.14959
MXN
/
ISK
This comparison is based on abundant and consistent data. It is based on 16,386 prices entered by 1,399 different people.
Cost of living in Iceland is 153% more expensive than in Mexico
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