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
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Mexico City
ReykjavíkTable of contents
Grocery
Mexico vs. Iceland - grocery purchase prices. You would pay on average 2.28 times less for grocery shopping in Mexico than in Iceland.
Apples (1kg)
One kilogram of apples costs 2.59 EUR (3 USD) in Mexico and 2.88 EUR (3.35 USD) in Iceland. The price of this product is 10.1% lower in Mexico.
Banana (1kg)
1 kilogram of bananas costs 1.59 EUR (1.84 USD) in Mexico and 2.18 EUR (2.53 USD) in Iceland. The price of this product is 27.1% lower in Mexico.
Beef Round (1kg) (or Equivalent Back Leg Red Meat)
One kilogram of beef or similar meat costs 10.33 EUR (11.99 USD) in Mexico and 37.27 EUR (43.27 USD) in Iceland. The price of this product is 72.3% lower in Mexico.
Bottle of Wine (Mid-Range)
A bottle of medium-grade wine costs 9.35 EUR (10.86 USD) in Mexico and 21.19 EUR (24.6 USD) in Iceland. The price of this product is 55.9% lower in Mexico.
Chicken Fillets (1kg)
One kilogram of chicken fillet costs 7.43 EUR (8.62 USD) in Mexico and 21.16 EUR (24.57 USD) in Iceland. The price of this product is 64.9% lower in Mexico.
Cigarettes 20 Pack (Marlboro)
A pack of 20 cigarettes costs 3.74 EUR (4.34 USD) in Mexico and 12.01 EUR (13.94 USD) in Iceland. The price of this product is 68.9% lower in Mexico.
Domestic Beer (0.5 liter bottle)
Domestic beer in a 0.5 liter bottle costs 1.49 EUR (1.73 USD) in Mexico and 3.19 EUR (3.71 USD) in Iceland. The price of this product is 53.3% lower in Mexico.
Eggs (regular) (12)
You will pay 2.25 EUR (2.62 USD) for 12 eggs in Mexico and 5.6 EUR (6.5 USD) in Iceland. The price of this product is 59.8% lower in Mexico.
Imported Beer (0.33 liter bottle)
A 0.33 liter bottle of imported beer costs 3.13 EUR (3.64 USD) in Mexico and 2.96 EUR (3.44 USD) in Iceland. The price of this product is 5.4% lower in Iceland.
Johnnie Walker Red Label Whisky 0.7 Litre
Lettuce (1 head)
One head of lettuce costs 1.22 EUR (1.41 USD) in Mexico and 2.73 EUR (3.17 USD) in Iceland. The price of this product is 55.3% lower in Mexico.
Loaf of Fresh White Bread (500g)
One loaf of fresh white bread costs 2.33 EUR (2.71 USD) in Mexico and 3.75 EUR (4.35 USD) in Iceland. The price of this product is 37.9% lower in Mexico.
Local Cheese (1kg)
One kilogram of locally produced cheese costs 8.68 EUR (10.08 USD) in Mexico and 16.05 EUR (18.63 USD) in Iceland. The price of this product is 45.9% lower in Mexico.
Milk (regular), (1 liter)
One liter of milk costs 1.48 EUR (1.72 USD) in Mexico and 1.69 EUR (1.96 USD) in Iceland. The price of this product is 12.4% lower in Mexico.
Onion (1kg)
One kilogram of onions costs 1.99 EUR (2.31 USD) in Mexico and 2.09 EUR (2.43 USD) in Iceland. The price of this product is 4.8% lower in Mexico.
Oranges (1kg)
One kilogram of oranges costs 1.88 EUR (2.18 USD) in Mexico and 2.68 EUR (3.12 USD) in Iceland. The price of this product is 29.9% lower in Mexico.
Potato (1kg)
One kilogram of potatoes costs 1.89 EUR (2.19 USD) in Mexico and 3.17 EUR (3.68 USD) in Iceland. The price of this product is 40.4% lower in Mexico.
Rice (white), (1kg)
One kilogram of white rice costs 1.71 EUR (1.99 USD) in Mexico and 3.21 EUR (3.72 USD) in Iceland. The price of this product is 46.7% lower in Mexico.
Smirnoff Red Label Vodka 0.7 Litre
Tomato (1kg)
One kilogram of tomatoes costs 1.79 EUR (2.07 USD) in Mexico and 4.4 EUR (5.11 USD) in Iceland. The price of this product is 59.3% lower in Mexico.
Water (1.5 liter bottle)
A 1.5 liter bottle of water costs 0.97 EUR (1.13 USD) in Mexico and 1.73 EUR (2.01 USD) in Iceland. The price of this product is 43.9% lower in Mexico.
Restaurant
Mexico vs. Iceland - expenses on meals in restaurants. You would pay 2.54 times less for meals in restaurants in Mexico than in Iceland.
Cappuccino (regular)
For a cappuccino in a restaurant, you'll pay 3.29 EUR (3.82 USD) in Mexico and 5.37 EUR (6.24 USD) in Iceland. The price of this product is 38.7% lower in Mexico.
Coke/Pepsi (0.33 liter bottle)
A 0.33 liter bottle of Coca-Cola or Pepsi costs 1.52 EUR (1.77 USD) in Mexico and 2.87 EUR (3.34 USD) in Iceland. The price of this product is 47% lower in Mexico.
Domestic Beer (0.5 liter draught)
Domestic beer with a capacity of 0.5 liters costs 2.81 EUR (3.26 USD) in Mexico and 11.3 EUR (13.12 USD) in Iceland. The price of this product is 75.1% lower in Mexico.
Imported Beer (0.33 liter bottle)
A 0.33 liter bottle of imported beer costs 4.21 EUR (4.89 USD) in Mexico and 9.89 EUR (11.48 USD) in Iceland. The price of this product is 57.4% lower in Mexico.
McMeal at McDonalds (or Equivalent Combo Meal)
A McMeal or similar meal at McDonald's costs 8.42 EUR (9.77 USD) in Mexico and 19.77 EUR (22.96 USD) in Iceland. The price of this product is 57.4% 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 46.76 EUR (54.29 USD) in Mexico and 127.12 EUR (147.6 USD) in Iceland. The price of this product is 63.2% lower in Mexico.
Meal, Inexpensive Restaurant
A meal at an inexpensive restaurant costs 11.69 EUR (13.57 USD) in Mexico and 23.66 EUR (27.47 USD) in Iceland. The price of this product is 50.6% lower in Mexico.
Water (0.33 liter bottle)
A 0.33 liter bottle of water costs 1.02 EUR (1.18 USD) in Mexico and 2.3 EUR (2.67 USD) in Iceland. The price of this product is 55.7% lower in Mexico.
Fuel
Mexico vs. Iceland - expenses related to fuel. You would pay 1.89 times less for fuel in Mexico than in Iceland.
Diesel 1L
A liter of diesel costs 1.2 EUR (1.39 USD) in Mexico and 2.29 EUR (2.65 USD) in Iceland. The price of this product is 47.6% lower in Mexico.
Gasoline 1L
A liter of gasoline costs 1.17 EUR (1.36 USD) in Mexico and 2.18 EUR (2.53 USD) in Iceland. The price of this product is 46.3% lower in Mexico.
Transportation
Mexico vs. Iceland - costs of transportation and public communication. You would pay 7.01 times less for transportation in Mexico than in Iceland.
Monthly Pass (Regular Price)
The monthly ticket price for public transportation is 16.83 EUR (19.54 USD) in Mexico and 76.27 EUR (88.56 USD) in Iceland. The price of this product is 77.9% lower in Mexico.
One-way Ticket (Local Transport)
The one-way ticket price for local transportation is 0.33 EUR (0.38 USD) in Mexico and 4.59 EUR (5.33 USD) in Iceland. The price of this product is 92.8% lower in Mexico.
Taxi 1hour Waiting (Normal Tariff)
The cost of a one-hour taxi stand/wait is 4.72 EUR (5.48 USD) in Mexico and 75.64 EUR (87.82 USD) in Iceland. The price of this product is 93.8% lower in Mexico.
Taxi 1km (Normal Tariff)
The fare for each kilometer traveled is 0.39 EUR (0.46 USD) in Mexico and 2.29 EUR (2.66 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 1.17 EUR (1.36 USD) in Mexico and 5.58 EUR (6.48 USD) in Iceland. The price of this product is 79% 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 5.61 EUR (6.51 USD) in Mexico and 15.47 EUR (17.96 USD) in Iceland. The price of this product is 63.7% lower in Mexico.
Fitness Club, Monthly Fee for 1 Adult
The monthly fee for entry to the fitness club is 50.85 EUR (59.04 USD) in Mexico and 72.93 EUR (84.68 USD) in Iceland. The price of this product is 30.3% lower in Mexico.
Tennis Court Rent (1 Hour on Weekend)
The cost of renting a tennis court for one hour on the weekend is 22.24 EUR (25.82 USD) in Mexico and 39.9 EUR (46.33 USD) in Iceland. The price of this product is 44.3% lower in Mexico.
Flats for rent
Mexico vs. Iceland - costs of renting an apartment. You would pay about 1.94 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 913.57 EUR (1060.75 USD) in Mexico and 1946 EUR (2258.93 USD) in Iceland. The price of this product is 53.1% 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 578.91 EUR (672.17 USD) in Mexico and 1783 EUR (2070.52 USD) in Iceland. The price of this product is 67.5% 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 1968 EUR (2284.54 USD) in Mexico and 2793 EUR (3243.48 USD) in Iceland. The price of this product is 29.5% 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 1154 EUR (1339.56 USD) in Mexico and 2410 EUR (2798.47 USD) in Iceland. The price of this product is 52.1% lower in Mexico.
Flats for sale
Mexico vs. Iceland - costs of purchasing an apartment. You would pay 2.35 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 3107 EUR (3607.13 USD) in Mexico and 6703 EUR (7783.25 USD) in Iceland. The price of this product is 53.6% 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 2152 EUR (2498.58 USD) in Mexico and 5668 EUR (6581.58 USD) in Iceland. The price of this product is 62% lower in Mexico.
Salary
Mexico vs. Iceland - average salary. The average salary in Mexico is 4.72 times lower than in Iceland.
Average Monthly Net Salary (After Tax)
The average monthly salary after taxes is 784.11 EUR (910.43 USD) in Mexico and 3702 EUR (4298.84 USD) in Iceland. The average salary is 78.8% 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