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  3. Cost of Living & Prices: Mexico vs. Iceland

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.

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Country #2
City
Mexico CityMexico City
ReykjavíkReykjavík

Table of contents

Grocery

EURMXNISKUSD

Mexico vs. Iceland - grocery purchase prices. You would pay on average 2.26 times less for grocery shopping in Mexico than in Iceland.

Apples (1kg)

One kilogram of apples costs 2.19 EUR (2.4 USD) in Mexico and 3.11 EUR (3.41 USD) in Iceland. The price of this product is 29.6% lower in Mexico.

2.19 EUR
3.11 EUR

Banana (1kg)

1 kilogram of bananas costs 1.13 EUR (1.24 USD) in Mexico and 1.96 EUR (2.15 USD) in Iceland. The price of this product is 42.3% lower in Mexico.

1.13 EUR
1.96 EUR

Beef Round (1kg) (or Equivalent Back Leg Red Meat)

One kilogram of beef or similar meat costs 8.45 EUR (9.25 USD) in Mexico and 24.14 EUR (26.44 USD) in Iceland. The price of this product is 65% lower in Mexico.

8.45 EUR
24.14 EUR

Bottle of Wine (Mid-Range)

A bottle of medium-grade wine costs 9.91 EUR (10.86 USD) in Mexico and 18.6 EUR (20.38 USD) in Iceland. The price of this product is 46.7% lower in Mexico.

9.91 EUR
18.60 EUR

Chicken Fillets (1kg)

One kilogram of chicken fillet costs 5.74 EUR (6.28 USD) in Mexico and 16.68 EUR (18.27 USD) in Iceland. The price of this product is 65.6% lower in Mexico.

5.74 EUR
16.68 EUR

Cigarettes 20 Pack (Marlboro)

A pack of 20 cigarettes costs 3.15 EUR (3.46 USD) in Mexico and 11.02 EUR (12.08 USD) in Iceland. The price of this product is 71.4% lower in Mexico.

3.15 EUR
11.02 EUR

Domestic Beer (0.5 liter bottle)

Domestic beer in a 0.5 liter bottle costs 1.25 EUR (1.37 USD) in Mexico and 2.88 EUR (3.16 USD) in Iceland. The price of this product is 56.6% lower in Mexico.

1.25 EUR
2.88 EUR

Eggs (regular) (12)

You will pay 1.75 EUR (1.91 USD) for 12 eggs in Mexico and 5.23 EUR (5.73 USD) in Iceland. The price of this product is 66.5% lower in Mexico.

1.75 EUR
5.23 EUR

Imported Beer (0.33 liter bottle)

A 0.33 liter bottle of imported beer costs 2.33 EUR (2.55 USD) in Mexico and 2.4 EUR (2.63 USD) in Iceland. The price of this product is 2.9% lower in Mexico.

2.33 EUR
2.40 EUR

Johnnie Walker Red Label Whisky 0.7 Litre

21.89 EUR
-

Lettuce (1 head)

One head of lettuce costs 0.86 EUR (0.94 USD) in Mexico and 2.59 EUR (2.84 USD) in Iceland. The price of this product is 66.8% lower in Mexico.

0.86 EUR
2.59 EUR

Loaf of Fresh White Bread (500g)

One loaf of fresh white bread costs 1.73 EUR (1.89 USD) in Mexico and 3.1 EUR (3.39 USD) in Iceland. The price of this product is 44.2% lower in Mexico.

1.73 EUR
3.10 EUR

Local Cheese (1kg)

One kilogram of locally produced cheese costs 7.12 EUR (7.8 USD) in Mexico and 13.56 EUR (14.85 USD) in Iceland. The price of this product is 47.5% lower in Mexico.

7.12 EUR
13.56 EUR

Milk (regular), (1 liter)

One liter of milk costs 1.17 EUR (1.29 USD) in Mexico and 1.46 EUR (1.6 USD) in Iceland. The price of this product is 19.9% lower in Mexico.

1.17 EUR
1.46 EUR

Onion (1kg)

One kilogram of onions costs 1.3 EUR (1.43 USD) in Mexico and 1.29 EUR (1.42 USD) in Iceland. The price of this product is 0.8% lower in Iceland.

1.30 EUR
1.29 EUR

Oranges (1kg)

One kilogram of oranges costs 1.27 EUR (1.39 USD) in Mexico and 2.38 EUR (2.6 USD) in Iceland. The price of this product is 46.6% lower in Mexico.

1.27 EUR
2.38 EUR

Potato (1kg)

One kilogram of potatoes costs 1.4 EUR (1.53 USD) in Mexico and 2.57 EUR (2.81 USD) in Iceland. The price of this product is 45.5% lower in Mexico.

1.40 EUR
2.57 EUR

Rice (white), (1kg)

One kilogram of white rice costs 1.24 EUR (1.36 USD) in Mexico and 2.93 EUR (3.21 USD) in Iceland. The price of this product is 57.7% lower in Mexico.

1.24 EUR
2.93 EUR

Smirnoff Red Label Vodka 0.7 Litre

11.92 EUR
-

Tomato (1kg)

One kilogram of tomatoes costs 1.37 EUR (1.51 USD) in Mexico and 4.41 EUR (4.83 USD) in Iceland. The price of this product is 68.9% lower in Mexico.

1.37 EUR
4.41 EUR

Water (1.5 liter bottle)

A 1.5 liter bottle of water costs 0.72 EUR (0.79 USD) in Mexico and 1.86 EUR (2.03 USD) in Iceland. The price of this product is 61.3% lower in Mexico.

0.72 EUR
1.86 EUR

Restaurant

EURMXNISKUSD

Mexico vs. Iceland - expenses on meals in restaurants. You would pay 2.83 times less for meals in restaurants in Mexico than in Iceland.

Cappuccino (regular)

For a cappuccino in a restaurant, you'll pay 2.38 EUR (2.61 USD) in Mexico and 4.31 EUR (4.72 USD) in Iceland. The price of this product is 44.8% lower in Mexico.

2.38 EUR
4.31 EUR

Coke/Pepsi (0.33 liter bottle)

A 0.33 liter bottle of Coca-Cola or Pepsi costs 0.89 EUR (0.98 USD) in Mexico and 2.38 EUR (2.6 USD) in Iceland. The price of this product is 62.6% lower in Mexico.

0.89 EUR
2.38 EUR

Domestic Beer (0.5 liter draught)

Domestic beer with a capacity of 0.5 liters costs 2.25 EUR (2.47 USD) in Mexico and 8.96 EUR (9.81 USD) in Iceland. The price of this product is 74.9% lower in Mexico.

2.25 EUR
8.96 EUR

Imported Beer (0.33 liter bottle)

A 0.33 liter bottle of imported beer costs 3.34 EUR (3.65 USD) in Mexico and 7.58 EUR (8.3 USD) in Iceland. The price of this product is 55.9% lower in Mexico.

3.34 EUR
7.58 EUR

McMeal at McDonalds (or Equivalent Combo Meal)

A McMeal or similar meal at McDonald's costs 5.79 EUR (6.34 USD) in Mexico and 13.78 EUR (15.1 USD) in Iceland. The price of this product is 58% lower in Mexico.

5.79 EUR
13.78 EUR

Meal for 2 People, Mid-range Restaurant, Three-course

A three-course meal for two people at a mid-range restaurant costs 34.24 EUR (37.51 USD) in Mexico and 103.35 EUR (113.22 USD) in Iceland. The price of this product is 66.9% lower in Mexico.

34.24 EUR
103.35 EUR

Meal, Inexpensive Restaurant

A meal at an inexpensive restaurant costs 6.76 EUR (7.4 USD) in Mexico and 17.22 EUR (18.87 USD) in Iceland. The price of this product is 60.7% lower in Mexico.

6.76 EUR
17.22 EUR

Water (0.33 liter bottle)

A 0.33 liter bottle of water costs 0.64 EUR (0.7 USD) in Mexico and 1.84 EUR (2.02 USD) in Iceland. The price of this product is 65.2% lower in Mexico.

0.64 EUR
1.84 EUR

Fuel

EURMXNISKUSD

Mexico vs. Iceland - expenses related to fuel. You would pay 1.74 times less for fuel in Mexico than in Iceland.

Diesel 1L

A liter of diesel costs 1.2 EUR (1.31 USD) in Mexico and 2.1 EUR (2.3 USD) in Iceland. The price of this product is 42.9% lower in Mexico.

1.20 EUR
2.10 EUR

Gasoline 1L

A liter of gasoline costs 1.19 EUR (1.31 USD) in Mexico and 2.07 EUR (2.27 USD) in Iceland. The price of this product is 42.5% lower in Mexico.

1.19 EUR
2.07 EUR

Transportation

EURMXNISKUSD

Mexico vs. Iceland - costs of transportation and public communication. You would pay 6.27 times less for transportation in Mexico than in Iceland.

Monthly Pass (Regular Price)

The monthly ticket price for public transportation is 13.71 EUR (15.02 USD) in Mexico and 62.01 EUR (67.93 USD) in Iceland. The price of this product is 77.9% lower in Mexico.

13.71 EUR
62.01 EUR

One-way Ticket (Local Transport)

The one-way ticket price for local transportation is 0.27 EUR (0.3 USD) in Mexico and 3.79 EUR (4.15 USD) in Iceland. The price of this product is 92.9% lower in Mexico.

0.27 EUR
3.79 EUR

Taxi 1hour Waiting (Normal Tariff)

The cost of a one-hour taxi stand/wait is 5.41 EUR (5.92 USD) in Mexico and 56.29 EUR (61.67 USD) in Iceland. The price of this product is 90.4% lower in Mexico.

5.41 EUR
56.29 EUR

Taxi 1km (Normal Tariff)

The fare for each kilometer traveled is 0.45 EUR (0.49 USD) in Mexico and 2.85 EUR (3.12 USD) in Iceland. The price of this product is 84.2% lower in Mexico.

0.45 EUR
2.85 EUR

Taxi Start (Normal Tariff)

The initial fare during a taxi ride is 0.9 EUR (0.99 USD) in Mexico and 5.03 EUR (5.51 USD) in Iceland. The price of this product is 82.1% lower in Mexico.

0.90 EUR
5.03 EUR

Sports & entertainment

EURMXNISKUSD

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 4.06 EUR (4.44 USD) in Mexico and 12.75 EUR (13.96 USD) in Iceland. The price of this product is 68.2% lower in Mexico.

4.06 EUR
12.75 EUR

Fitness Club, Monthly Fee for 1 Adult

The monthly fee for entry to the fitness club is 40.36 EUR (44.21 USD) in Mexico and 62.02 EUR (67.94 USD) in Iceland. The price of this product is 34.9% lower in Mexico.

40.36 EUR
62.02 EUR

Tennis Court Rent (1 Hour on Weekend)

The cost of renting a tennis court for one hour on the weekend is 18.36 EUR (20.11 USD) in Mexico and 42.6 EUR (46.67 USD) in Iceland. The price of this product is 56.9% lower in Mexico.

18.36 EUR
42.60 EUR

Flats for rent

EURMXNISKUSD

Mexico vs. Iceland - costs of renting an apartment. You would pay about 2.09 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 687.62 EUR (753.27 USD) in Mexico and 1497 EUR (1639.98 USD) in Iceland. The price of this product is 54.1% lower in Mexico.

687.62 EUR
1 497 EUR

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 416.3 EUR (456.05 USD) in Mexico and 1268 EUR (1389.13 USD) in Iceland. The price of this product is 67.2% lower in Mexico.

416.30 EUR
1 268 EUR

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 1338 EUR (1466.23 USD) in Mexico and 2168 EUR (2375.02 USD) in Iceland. The price of this product is 38.3% lower in Mexico.

1 338 EUR
2 168 EUR

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 781.41 EUR (856.01 USD) in Mexico and 1804 EUR (1976.39 USD) in Iceland. The price of this product is 56.7% lower in Mexico.

781.41 EUR
1 804 EUR

Flats for sale

EURMXNISKUSD

Mexico vs. Iceland - costs of purchasing an apartment. You would pay 2.56 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 2365 EUR (2591.19 USD) in Mexico and 5786 EUR (6338.73 USD) in Iceland. The price of this product is 59.1% lower in Mexico.

2 365 EUR
5 786 EUR

Price per Square Meter to Buy Apartment Outside of Centre

For one square meter of an apartment outside the city center, you will pay 1542 EUR (1689.35 USD) in Mexico and 4222 EUR (4624.98 USD) in Iceland. The price of this product is 63.5% lower in Mexico.

1 542 EUR
4 222 EUR

Salary

EURMXNISKUSD

Mexico vs. Iceland - average salary. The average salary in Mexico is 5.78 times lower than in Iceland.

Average Monthly Net Salary (After Tax)

The average monthly salary after taxes is 595.18 EUR (652 USD) in Mexico and 3440 EUR (3768.23 USD) in Iceland. The average salary is 82.7% lower in Mexico.

595.18 EUR
3 440 EUR

Hotels

EURMXNISKUSD

Mexico vs. Iceland - prices of accommodation in hostels, guesthouses, and hotels.

One star

21.7 EUR
-

Two stars

88.2 EUR
157 EUR

Three stars

128 EUR
209 EUR

Four stars

268 EUR
335 EUR

Five stars

731 EUR
-

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

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