Cost of living
Iceland compared to Mexico
🌍
Overview comparison
IcelandMexico
Consumer prices in Iceland are roughly 54% higher than in Mexico.
Cost of living
| Item | Iceland | Mexico |
|---|
| Total with rent one person | 2,964 | 933 |
|---|
| Total with rent family | 4,846 | 2,003 |
|---|
| Without rent one person | 959 | 472 |
|---|
| Without rent one family | 2,730 | 1,472 |
|---|
| Rent & Utilities person | 1,597.82 | 442.63 |
|---|
| Rent & Utilities family | 2,046.76 | 817.99 |
|---|
| Food person | 870 | 369 |
|---|
| Food family | 2,184 | 1,005 |
|---|
| Transport person | 77.85 | 72.6 |
|---|
| Transport family | 222.83 | 207.45 |
|---|
| Life expectancy | 80.74 years | 91.27 years |
|---|
Eating Out
| Item | Iceland | Mexico |
|---|
| Lunch Menu | 17.65 | 9.86 |
|---|
| Dinner in a Restaurant, for 2 | 129.25 | 26.48 |
|---|
| Fast food meal, equiv. McDonald's | 18.5 | 7.73 |
|---|
| Beer in a Pub, 0.5 L or 16 fl oz | 12.12 | 2.41 |
|---|
| Cappuccino | 4.5 | 3.66 |
|---|
| Pepsi / Coke, 0.5 L or 16.9 fl oz | 3.66 | 0.92 |
|---|
Rent & Utilities
| Item | Iceland | Mexico |
|---|
| 1 bedroom apartment in city Center, 40 m2 or 430 ft2 | 1,800.05 | 577.66 |
|---|
| Cheap 1 bedroom apartment, 40 m2 or 430 ft2 | 1,312.55 | 248.98 |
|---|
| 3 bedroom apartment in city Center, 80 m2 or 860 ft2 | 2,314.52 | 1,077.83 |
|---|
| Cheap 3 bedroom apartment, 80 m2 or 860 ft2 | 2,843.64 | 474.07 |
|---|
| Utility Bill one person, electricity, heating, water, etc. | 44.71 | 41.27 |
|---|
| Utility Bill for a Family, electricity, heating, water, etc. | 67.33 | 63.75 |
|---|
| Internet plan, 25 Mbps+ 1 month unlimited | 76.76 | 20.62 |
|---|
Transportation
| Item | Iceland | Mexico |
|---|
| Local transport ticket | 7.78 | 9.6 |
|---|
| Monthly ticket local transport | 4,980 | 1,941 |
|---|
| Taxi Ride, 8 km or 5 mi | 4,162 | 1,500 |
|---|
| Gas / Petrol, 1 L or 0.26 gal | 5.47 | 0.58 |
|---|
| Mortgage Interest Rate for 20 Years | 72.85% | 33.39% |
|---|
| Apartment price to Buy in city Center, 1 m2 or 10 ft2 | 22.8 | 11.95 |
|---|
| House price to Buy in Suburbs, 1 m2 or 10 ft2 | 2.33 | 1.03 |
|---|
Groceries
| Item | Iceland | Mexico |
|---|
| Milk, 1 L or 1 qt | 1.83 | 1.16 |
|---|
| Bread, 0.5 kg or 1.1 lb | 3.36 | 2.13 |
|---|
| Eggs, x12 | 6.58 | 2.6 |
|---|
| Cheese, 1 kg or 2.2 lb | 14.12 | 8.52 |
|---|
| Chicken Breast, 1 kg or 2.2 lb | 15.81 | 8.29 |
|---|
| Round Steak, 1 kg or 2.2 lb | 40.5 | 9.47 |
|---|
| Banana, 1 kg or 2.2 lb | 2.45 | 1.05 |
|---|
| Water, 1 L or 1 qt | 1.36 | 0.55 |
|---|
Other
| Item | Iceland | Mexico |
|---|
| Gym Membership, 1 month | 76.37 | 40.98 |
|---|
| Cinema Ticket, 1 person | 16.72 | 4.68 |
|---|
| Doctors visit | 93.82 | 35.23 |
|---|
| Haircut, simple | 51.01 | 8.42 |
|---|
| Brand Jeans | 119.07 | 41.5 |
|---|
| Brand Sneakers | 169.8 | 79.79 |
|---|
| Daycare or Preschool, 1 month | 220.27 | 238.05 |
|---|
| International Primary School, 1 year | 6,414 | 5,721 |
|---|
