Cost of Living & Prices:
Mexico vs. Iceland
Compare the cost of living and prices of goods and services, such as consumer goods prices, housing costs, average wages and more, to learn about differences and similarities between countries.
Mexico
Afghanistan
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Spain
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Sweden
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Vatican
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Vietnam
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Western Sahara
Yemen
Zambia
Zimbabwe
Mexico City
ReykjavíkTable of contents
Grocery
Mexico vs. Iceland - grocery purchase prices. You would pay on average 2.31 times less for grocery shopping in Mexico than in Iceland.
Apples (1kg)
One kilogram of apples costs 2.95 USD in Mexico and 3.34 USD in Iceland. The price of this product is 11.7% lower in Mexico.
Banana (1kg)
1 kilogram of bananas costs 1.81 USD in Mexico and 2.52 USD in Iceland. The price of this product is 28.2% lower in Mexico.
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
One kilogram of beef or similar meat costs 11.79 USD in Mexico and 43.24 USD in Iceland. The price of this product is 72.7% lower in Mexico.
Bottle of Wine (Mid-Range)
A bottle of medium-grade wine costs 10.68 USD in Mexico and 24.58 USD in Iceland. The price of this product is 56.6% lower in Mexico.
Chicken Fillets (1kg)
One kilogram of chicken fillet costs 8.48 USD in Mexico and 24.55 USD in Iceland. The price of this product is 65.5% lower in Mexico.
Cigarettes 20 Pack (Marlboro)
A pack of 20 cigarettes costs 4.27 USD in Mexico and 13.93 USD in Iceland. The price of this product is 69.3% lower in Mexico.
Domestic Beer (0.5 liter bottle)
Domestic beer in a 0.5 liter bottle costs 1.7 USD in Mexico and 3.71 USD in Iceland. The price of this product is 54.2% lower in Mexico.
Eggs (regular) (12)
You will pay 2.57 USD for 12 eggs in Mexico and 6.49 USD in Iceland. The price of this product is 60.4% lower in Mexico.
Imported Beer (0.33 liter bottle)
A 0.33 liter bottle of imported beer costs 3.58 USD in Mexico and 3.44 USD in Iceland. The price of this product is 3.9% lower in Iceland.
Johnnie Walker Red Label Whisky 0.7 Litre
Lettuce (1 head)
One head of lettuce costs 1.39 USD in Mexico and 3.17 USD in Iceland. The price of this product is 56.2% lower in Mexico.
Loaf of Fresh White Bread (500g)
One loaf of fresh white bread costs 2.66 USD in Mexico and 4.35 USD in Iceland. The price of this product is 38.9% lower in Mexico.
Local Cheese (1kg)
One kilogram of locally produced cheese costs 9.92 USD in Mexico and 18.62 USD in Iceland. The price of this product is 46.7% lower in Mexico.
Milk (regular), (1 liter)
One liter of milk costs 1.69 USD in Mexico and 1.96 USD in Iceland. The price of this product is 13.8% lower in Mexico.
Onion (1kg)
One kilogram of onions costs 2.27 USD in Mexico and 2.42 USD in Iceland. The price of this product is 6.2% lower in Mexico.
Oranges (1kg)
One kilogram of oranges costs 2.14 USD in Mexico and 3.11 USD in Iceland. The price of this product is 31.2% lower in Mexico.
Potato (1kg)
One kilogram of potatoes costs 2.16 USD in Mexico and 3.68 USD in Iceland. The price of this product is 41.3% lower in Mexico.
Rice (white), (1kg)
One kilogram of white rice costs 1.96 USD in Mexico and 3.72 USD in Iceland. The price of this product is 47.3% lower in Mexico.
Smirnoff Red Label Vodka 0.7 Litre
Tomato (1kg)
One kilogram of tomatoes costs 2.04 USD in Mexico and 5.1 USD in Iceland. The price of this product is 60% lower in Mexico.
Water (1.5 liter bottle)
A 1.5 liter bottle of water costs 1.11 USD in Mexico and 2 USD in Iceland. The price of this product is 44.5% lower in Mexico.
Restaurant
Mexico vs. Iceland - expenses on meals in restaurants. You would pay 2.58 times less for meals in restaurants in Mexico than in Iceland.
Cappuccino (regular)
For a cappuccino in a restaurant, you'll pay 3.76 USD in Mexico and 6.23 USD in Iceland. The price of this product is 39.6% lower in Mexico.
Coke/Pepsi (0.33 liter bottle)
A 0.33 liter bottle of Coca-Cola or Pepsi costs 1.74 USD in Mexico and 3.33 USD in Iceland. The price of this product is 47.7% lower in Mexico.
Domestic Beer (0.5 liter draught)
Domestic beer with a capacity of 0.5 liters costs 3.2 USD in Mexico and 13.11 USD in Iceland. The price of this product is 75.6% lower in Mexico.
Imported Beer (0.33 liter bottle)
A 0.33 liter bottle of imported beer costs 4.8 USD in Mexico and 11.47 USD in Iceland. The price of this product is 58.2% lower in Mexico.
McMeal at McDonalds (or Equivalent Combo Meal)
A McMeal or similar meal at McDonald's costs 9.61 USD in Mexico and 22.94 USD in Iceland. The price of this product is 58.1% lower in Mexico.
Meal for 2 People, Mid-range Restaurant, Three-course
A three-course meal for two people at a mid-range restaurant costs 53.39 USD in Mexico and 147.48 USD in Iceland. The price of this product is 63.8% lower in Mexico.
Meal, Inexpensive Restaurant
A meal at an inexpensive restaurant costs 13.35 USD in Mexico and 27.45 USD in Iceland. The price of this product is 51.4% lower in Mexico.
Water (0.33 liter bottle)
A 0.33 liter bottle of water costs 1.16 USD in Mexico and 2.67 USD in Iceland. The price of this product is 56.6% lower in Mexico.
Fuel
Mexico vs. Iceland - expenses related to fuel. You would pay 1.88 times less for fuel in Mexico than in Iceland.
Diesel 1L
A liter of diesel costs 1.39 USD in Mexico and 2.65 USD in Iceland. The price of this product is 47.5% lower in Mexico.
Gasoline 1L
A liter of gasoline costs 1.36 USD in Mexico and 2.53 USD in Iceland. The price of this product is 46.2% lower in Mexico.
Transportation
Mexico vs. Iceland - costs of transportation and public communication. You would pay 7.13 times less for transportation in Mexico than in Iceland.
Monthly Pass (Regular Price)
The monthly ticket price for public transportation is 19.22 USD in Mexico and 88.49 USD in Iceland. The price of this product is 78.3% lower in Mexico.
One-way Ticket (Local Transport)
The one-way ticket price for local transportation is 0.37 USD in Mexico and 5.33 USD in Iceland. The price of this product is 93.1% lower in Mexico.
Taxi 1hour Waiting (Normal Tariff)
The cost of a one-hour taxi stand/wait is 5.39 USD in Mexico and 87.75 USD in Iceland. The price of this product is 93.9% lower in Mexico.
Taxi 1km (Normal Tariff)
The fare for each kilometer traveled is 0.45 USD in Mexico and 2.65 USD in Iceland. The price of this product is 83% lower in Mexico.
Taxi Start (Normal Tariff)
The initial fare during a taxi ride is 1.33 USD in Mexico and 6.47 USD in Iceland. The price of this product is 79.4% lower in Mexico.
Sports & entertainment
Mexico vs. Iceland - costs related to entertainment and sports.
Cinema, International Release, 1 Seat
The ticket price for a foreign film in the cinema is 6.41 USD in Mexico and 17.94 USD in Iceland. The price of this product is 64.3% lower in Mexico.
Fitness Club, Monthly Fee for 1 Adult
The monthly fee for entry to the fitness club is 58.06 USD in Mexico and 84.61 USD in Iceland. The price of this product is 31.4% lower in Mexico.
Tennis Court Rent (1 Hour on Weekend)
The cost of renting a tennis court for one hour on the weekend is 25.39 USD in Mexico and 46.29 USD in Iceland. The price of this product is 45.2% lower in Mexico.
Flats for rent
Mexico vs. Iceland - costs of renting an apartment. You would pay about 1.97 times less for renting an apartment in Mexico than in Iceland.
Apartment (1 bedroom) in City Centre
For renting an apartment in the city center consisting of a living room and one bedroom, you will pay 1043 USD in Mexico and 2257 USD in Iceland. The price of this product is 53.8% lower in Mexico.
Apartment (1 bedroom) Outside of Centre
For renting an apartment outside the city center consisting of a living room and one bedroom, you will pay 660.99 USD in Mexico and 2069 USD in Iceland. The price of this product is 68.1% lower in Mexico.
Apartment (3 bedrooms) in City Centre
For renting an apartment in the city center consisting of a living room and three bedrooms, you will pay 2247 USD in Mexico and 3241 USD in Iceland. The price of this product is 30.7% lower in Mexico.
Apartment (3 bedrooms) Outside of Centre
For renting an apartment outside the city center consisting of a living room and three bedrooms, you will pay 1317 USD in Mexico and 2796 USD in Iceland. The price of this product is 52.9% lower in Mexico.
Flats for sale
Mexico vs. Iceland - costs of purchasing an apartment. You would pay 2.39 times less for buying an apartment in Mexico than in Iceland.
Price per Square Meter to Buy Apartment in City Centre
For one square meter of an apartment in the city center you will pay 3547 USD in Mexico and 7777 USD in Iceland. The price of this product is 54.4% lower in Mexico.
Price per Square Meter to Buy Apartment Outside of Centre
For one square meter of an apartment outside the city center, you will pay 2457 USD in Mexico and 6576 USD in Iceland. The price of this product is 62.6% lower in Mexico.
Salary
Mexico vs. Iceland - average salary. The average salary in Mexico is 4.8 times lower than in Iceland.
Average Monthly Net Salary (After Tax)
The average monthly salary after taxes is 895.29 USD in Mexico and 4295 USD in Iceland. The average salary is 79.2% lower in Mexico.
Hotels
Mexico vs. Iceland - prices of accommodation in hostels, guesthouses, and hotels.
One star
Two stars
Three stars
Four stars
Five stars
Average accommodation prices based on Expedia.com data • Update: 15 Dec 2024 (1 night stay for 2 people on 29 Dec 2024) • Mexico: 20 cities, 1284 hotels • Iceland: 11 cities, 117 hotels