Cost Of Living For a Single Person in Monterrey 2024

Single person cost of living chart - individual average monthly expenditure in Monterrey

Average Monthly Expenditure

Currency: MXN
6,600 46,000 310,000
MINIMUM AVERAGE MAXIMUM
$390 $2,700 $18,000

Average monthly spending for a single person or individual in Monterrey

How much money does an individual need in a month to survive in Monterrey?

A single person in Monterrey spends around 46,000 MXN per month on average. Depending on the lifestyle, a single individual can survive with a monthly budget as low as 6,600 MXN or as high as 310,000 MXN. Location and income are very important factors and have a huge influence on expenditure and budget.


Prices and cost of goods and services in Monterrey


Chart showing the prices and cost of grocery, food, restaurant meals, market, and beverages in Monterrey

Dining, food, and beverages costs


Fast food combo meal

55 MXN 110 MXN 180 MXN
MINIMUM AVERAGE MAXIMUM
$3.3 $6.5 $11

Restaurant meal for one

210 MXN 320 MXN 630 MXN
MINIMUM AVERAGE MAXIMUM
$12 $19 $37

Fine dining meal for one

420 MXN 630 MXN 2,500 MXN
MINIMUM AVERAGE MAXIMUM
$25 $37 $150

Cappuccino or latte

46 MXN 74 MXN 110 MXN
MINIMUM AVERAGE MAXIMUM
$2.7 $4.4 $6.5

Grocery and market costs


Milk large bottle

37 MXN 44 MXN 55 MXN
MINIMUM AVERAGE MAXIMUM
$2.2 $2.6 $3.3

12 eggs

28 MXN 37 MXN 55 MXN
MINIMUM AVERAGE MAXIMUM
$1.6 $2.2 $3.3

Fresh whole chicken

63 MXN 81 MXN 120 MXN
MINIMUM AVERAGE MAXIMUM
$3.7 $4.8 $6.8

Pack of beef

74 MXN 110 MXN 220 MXN
MINIMUM AVERAGE MAXIMUM
$4.4 $6.5 $13

Medium bag of rice

30 MXN 41 MXN 58 MXN
MINIMUM AVERAGE MAXIMUM
$1.8 $2.4 $3.4

Bag of tomatos

11 MXN 15 MXN 28 MXN
MINIMUM AVERAGE MAXIMUM
$0.65 $0.87 $1.6

Bag of apples

20 MXN 26 MXN 43 MXN
MINIMUM AVERAGE MAXIMUM
$1.2 $1.5 $2.5
Chart showing the prices and cost of commute, travel, and transportation in Monterrey


Commute, travel, and transportation costs


20 minutes taxi ride

53 MXN 63 MXN 130 MXN
MINIMUM AVERAGE MAXIMUM
$3.1 $3.7 $7.4

Average car full tank

280 MXN 370 MXN 740 MXN
MINIMUM AVERAGE MAXIMUM
$16 $22 $44

Average car 1-day rental

350 MXN 470 MXN 710 MXN
MINIMUM AVERAGE MAXIMUM
$21 $28 $42

Average car price

140,000 MXN 280,000 MXN 370,000 MXN
MINIMUM AVERAGE MAXIMUM
$8,200 $16,000 $22,000

Bus ticket one way

12 MXN 18 MXN 35 MXN
MINIMUM AVERAGE MAXIMUM
$0.69 $1 $2.1

Car Service

470 MXN 710 MXN 1,400 MXN
MINIMUM AVERAGE MAXIMUM
$28 $42 $83
Chart showing the prices and cost of utility, energy, water, and gas in Monterrey


Utility cost (monthly)


Utility Bill - Individual

390 MXN 2,800 MXN 19,000 MXN
MINIMUM AVERAGE MAXIMUM
$23 $160 $1,100

Internet and cable

280 MXN 550 MXN 740 MXN
MINIMUM AVERAGE MAXIMUM
$16 $33 $44

Mobile phone charges

220 MXN 370 MXN 1,100 MXN
MINIMUM AVERAGE MAXIMUM
$13 $22 $65

Leisure and activities costs


Movie ticket

140 MXN 180 MXN 280 MXN
MINIMUM AVERAGE MAXIMUM
$8.2 $11 $16

One month gym membership

560 MXN 710 MXN 1,400 MXN
MINIMUM AVERAGE MAXIMUM
$33 $42 $83
Chart showing the prices and cost of clothing and accessories in Monterrey


Cloths and accessories costs


Pair of jeans or pants

420 MXN 590 MXN 880 MXN
MINIMUM AVERAGE MAXIMUM
$24 $35 $52

Woman dress

390 MXN 540 MXN 1,800 MXN
MINIMUM AVERAGE MAXIMUM
$23 $32 $100

Woman shoes

370 MXN 500 MXN 1,200 MXN
MINIMUM AVERAGE MAXIMUM
$22 $30 $69

Men's shoes

320 MXN 390 MXN 780 MXN
MINIMUM AVERAGE MAXIMUM
$19 $23 $46

Men suit

350 MXN 440 MXN 2,400 MXN
MINIMUM AVERAGE MAXIMUM
$21 $26 $140

Regular t-shirt

180 MXN 240 MXN 710 MXN
MINIMUM AVERAGE MAXIMUM
$10 $14 $42
Chart showing the prices and cost of housing, accommodation, and rent in Monterrey


Housing costs / monthly rent


Studio apartment

5,900 MXN 8,800 MXN 24,000 MXN
MINIMUM AVERAGE MAXIMUM
$350 $520 $1,400

1-bedroom apartment

8,800 MXN 14,000 MXN 35,000 MXN
MINIMUM AVERAGE MAXIMUM
$520 $830 $2,100

2-bedroom apartment

12,000 MXN 18,000 MXN 47,000 MXN
MINIMUM AVERAGE MAXIMUM
$690 $1,000 $2,800

Housing costs / Buying


Studio apartment

1.2M MXN 1.8M MXN 3.5M MXN
MINIMUM AVERAGE MAXIMUM
$69,000 $100,000 $210,000

1-bedroom apartment

1.4M MXN 2.4M MXN 8.8M MXN
MINIMUM AVERAGE MAXIMUM
$83,000 $140,000 $520,000

2-bedroom apartment

2.4M MXN 7.1M MXN 14M MXN
MINIMUM AVERAGE MAXIMUM
$140,000 $420,000 $830,000
Chart showing the prices and cost of furniture in Monterrey


Furniture Costs


King Size Bed

5,500 MXN 6,900 MXN 9,200 MXN
MINIMUM AVERAGE MAXIMUM
$330 $410 $540

Double Bed

3,700 MXN 5,500 MXN 6,900 MXN
MINIMUM AVERAGE MAXIMUM
$220 $330 $410

Single Bed

3,300 MXN 4,300 MXN 5,500 MXN
MINIMUM AVERAGE MAXIMUM
$190 $250 $330

Living Room

6,200 MXN 7,900 MXN 28,000 MXN
MINIMUM AVERAGE MAXIMUM
$360 $470 $1,600

Dining Table

2,800 MXN 3,700 MXN 6,900 MXN
MINIMUM AVERAGE MAXIMUM
$160 $220 $410

Sofa or Couch

3,700 MXN 5,000 MXN 11,000 MXN
MINIMUM AVERAGE MAXIMUM
$220 $300 $650
Chart showing the prices and cost of electronic devices and appliances in Monterrey


Electronics and House Appliance Costs


TV Set

3,700 MXN 5,500 MXN 11,000 MXN
MINIMUM AVERAGE MAXIMUM
$220 $330 $650

Fridge or Freezer

3,300 MXN 5,000 MXN 6,900 MXN
MINIMUM AVERAGE MAXIMUM
$190 $300 $410

Washing Machine

4,300 MXN 6,200 MXN 11,000 MXN
MINIMUM AVERAGE MAXIMUM
$250 $360 $650

Stove or Cooker

4,000 MXN 5,000 MXN 6,900 MXN
MINIMUM AVERAGE MAXIMUM
$230 $300 $410

Mobile Phone

4,600 MXN 5,500 MXN 7,900 MXN
MINIMUM AVERAGE MAXIMUM
$270 $330 $470

Laptop or Computer

5,000 MXN 6,200 MXN 11,000 MXN
MINIMUM AVERAGE MAXIMUM
$300 $360 $650
Single person or Individual cost of living and expenditure to income ratio in Monterrey

Single person expenditure to income ratio in Monterrey

Analysing the how affordable it is for an individual to live in Monterrey

One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in. Individuals usually spend a larger chunk of their income than other population groups. A typical and healthy expenditure percentage for a single individual ranges between 70% to 80%.


Spending to Income Ratio

94%

84% to 100%

( expenditure / income ) x 100


Individuals in Monterrey spend around 94% of their monthly income. Some individuals spend as low as 84% of their income while some as high as 100%.

Distribution of monthly cost of living expenses of a single person in Monterrey

How do individuals spend their money in Monterrey?

We asked thousands of individuals about their spending habits and expenditure break down.


The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.

Housing and accomodation expenditure for individuals

Accomodation Cost31%

31% of total expenses on average (19% to 43%)

LOW$140   2,400 MXN
AVERAGE$980   17,000 MXN
HIGH$6,500   110,000 MXN
Per Month

Individuals in Monterrey typically spend from 19% to 43% of their total monthly expenditure on housing with 31% being the average. The average monthly spend on housing is 17,000 MXN with expenditure ranging from 2,400 MXN to 110,000 MXN. This cost mainly goes for rent but it also includes other accommodation-related expenses.

Electricity, utilities, energy, water, internet, and mobile expenditure for individuals

Cost of utilities8%

8% of total expenses on average (4% to 13%)

LOW$23   390 MXN
AVERAGE$160   2,800 MXN
HIGH$1,100   19,000 MXN
Per Month

Utility expenditure like electricity, water, and gas in Monterrey ranges from 4% to 13% of total expenses with 8% being the average for most individuals. The average monthly cost of utilities is 2,800 MXN with 390 MXN and 19,000 MXN being the upper and lower limits for a single person.

Transport, fuel, and commute expenditure for individuals

Cost of transport and fuel6%

6% of total expenses on average (4% to 12%)

LOW$31   520 MXN
AVERAGE$220   3,700 MXN
HIGH$1,500   25,000 MXN
Per Month

Fuel consumption and cost of transport depend heavily on whether a single person resides near school and work, but roughly speaking a single person would expect to spend from 520 MXN to 25,000 MXN in a month on commuting with 3,700 MXN being the norm for most individuals. This means that money spent on transport constitutes about 6% of total spending on average but can go as low as 4% or as high as 12%.

Food, groceries, and basic shopping expenditure for individuals

Food and Groceries Cost18%

18% of total expenses on average (12% to 23%)

LOW$62   1,000 MXN
AVERAGE$440   7,400 MXN
HIGH$2,900   49,000 MXN
Per Month

The average outlay on groceries and basic houshold items for a typical person in a month in Monterrey is 7,400 MXN. The cost of groceries can range between 1,000 MXN to 49,000 MXN. Individuals spend on average about 18% on food and groceries with upper and lower bounds of 12% and 23% respectively.

Healthcare and medical services expenditure for individuals

Cost of healthcare11%

11% of total expenses on average (5% to 15%)

LOW$35   590 MXN
AVERAGE$250   4,200 MXN
HIGH$1,600   28,000 MXN
Per Month

Individuals in Monterrey allocate 5% to 15% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending on medical services and clinic visits is around 11%. The range of medical expenses range from 590 MXN to 28,000 MXN with 4,200 MXN being the norm for most individuals.

Leisure and shopping expenditure for individuals

Cost of leisure and shopping3%

3% of total expenses on average (3% to 6%)

LOW$19   330 MXN
AVERAGE$140   2,300 MXN
HIGH$910   15,000 MXN
Per Month

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 330 MXN to 15,000 MXN with 2,300 MXN being the average. Speaking of percentages, that equates to 3% to 6% of total expenses with an average of 3% for most individuals.

Education and schooling expenditure for individuals

Cost of education and schooling2%

2% of total expenses on average (1% to 4%)

LOW$7.7   130 MXN
AVERAGE$55   930 MXN
HIGH$360   6,200 MXN
Per Month

Spending on education can vary drastically between different individuals. On average, education constitutes 2% of the monthly expenditure of individuals with 1% and 4% being the lower and upper bounds respectively. The average reported education cost is 930 MXN per month with 130 MXN being the minimum spent amount and 6,200 MXN being the maximum.

Other Expenses21%

21% of total expenses on average (13% to 25%)

LOW$70   1,200 MXN
AVERAGE$490   8,300 MXN
HIGH$3,300   56,000 MXN
Per Month
Percentage of individuals who manage to save money from their income every month in Monterrey

What percentage of individuals in Monterrey are able to save money and how much can they save?


Percentage of individuals that reported their ability to save money


Saving Money
86%
Not Saving
15%

Almost 86% of surveyed individuals in Monterrey said that they can save some money at the end of each month while 15% reported that they have to utilize their whole income to survive.


A single person savings to income ratio in Monterrey

Savings-to-Income Ratio

The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.


How much money do individuals manage to add to their savings?

The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.

Saving to Income Ratio

20% 33% of income 44%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

1,900 MXN
$110
17,000 MXN
$1,000
120,000 MXN
$6,800
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for individuals

Saving To Income Ratio% Individuals
0% - 10%30%
10% - 20%24%
20% - 30%16%
30% - 40%15%
40% - 50%11%
> 50%4%

Interpretation and Analysis

Individuals that are able to save money can put anywhere from 20% to 44% of their monthly income to their savings, with 33% being the average for most individuals. The average monthly amount of money that individuals can put aside is 17,000 MXN with 1,900 MXN and 120,000 MXN being the minimum and maximum respectively.

Reasons that make it difficult for individuals to save money in Monterrey

Saving Challenges in Monterrey

Reasons that make it difficult for individuals to save money

We wanted to understand what is stopping people from maximizing their savings in Monterrey. Listed below are the answers given by the survey participants.


Reason% People
Low Income6%
High Expenses9%
Debt and Loans16%
Lack of Budgeting Skills11%
Impulsive Spending10%
Financial Emergencies6%
Living the moment6%
Will do it later18%
Inflation12%
Social Pressure3%
Market Instability3%

Around 6% of the individuals said that their salary is too low to accommodate a portion for savings while 9% said that the high cost of living leaves little room for savings. 16% of the residents said that they are burdened with debt and find it challenging to save money. 11% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 10% of individuals blamed impulsive spending as the reason for saving inability. Around 6% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 6% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 18% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 12% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.

Where do individuals choose to put their savings in Monterrey

Typical saving choices for individuals in Monterrey

Where do people choose to put their savings?


Saving Type% People
Emergency Funds11%
Gold11%
Savings Accounts17%
Retirement Accounts11%
Cash Savings18%
Real Estate10%
Investment6%
Stocks5%
Bonds6%
Mutual Funds3%
Certificates of Deposit3%
A typical and healthy budgeting structure. The 50-30-20 rule

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

  • 50% for needs and financial obligations

    This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

  • 30% for wants and discretionary spending

    This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

  • 20% for savings and emergency fund

    This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.

Income and cost of living compatibility. Is it affordable or economical for individuals to live in Monterrey

Affordable living in Monterrey

Income and cost of living compatibility

We asked individuals one simple question and recorded their answers.

Is it affordable or economical to live in Monterrey?


Yes
88%
No
12%

Around 88% of surveyed individuals think that living in Monterrey is affordable with proper budgeting while 12% reported that it is just too expensive and not affordable even with frugality and thriftness.

How easily is cost-cutting for individuals. Are there plenty of low-cost options in Monterrey

Low-cost alternatives in Monterrey

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked individuals how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options75%

Few low-cost options25%


Based on the survey, 75% of the individuals living in Monterrey have no problem finding low-cost alternatives to support a frugal lifestyle while 25% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds For Individuals

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked individuals of Monterrey whether they have an emergency fund and the answers were as follows.

Yes87%

No13%


Based on the survey, 13% of the individuals living in Monterrey said that they don't have an emergency fund while 87% said that they do.

Financial literacy and difficulty in budgeting and financial planning for individuals in Monterrey

Financial Literacy in Mexico

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy65%


We asked individuals in Monterrey whether they acquired any adequate personal financial training in their lives. Approximately 35% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 65% said that they know about the general principles of personal finance from sources other than their own experience.


Difficulty in Budgeting and Financial Planning

We wanted to understand whether single people of Mexico have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 28% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 72% said that they have everything under control.

Struggles with finance28%

Easily manages finances72%

Financial goals and targets of single people living in Monterrey

Financial goals of individuals in Monterrey

In an attempt to understand the economic situation in Monterrey, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.


Financial Goal% People
Emergency Fund7%
Debt Reduction37%
Retirement Savings9%
Education Funding8%
Homeownership17%
Investing8%
Travel or Lifestyle9%
Healthcare Expenses11%
Financial Independence7%

Around 7% of individuals said that their main goal is to establish an emergency fund to cover unexpected expenses while 37% said their number one priority is to pay off high-interest debt or loans and improve credit. 9% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 8% reported that their priority is saving for the tuition fees and education costs of their children while 17% choose to buy a home or pay off existing mortgage before other things. 8% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 9% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 11% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Chart showing the percentage of individuals who are in debt in Monterrey

Debt, loans, and mortgages in Monterrey


Percentage of individuals who are in debt


In Debt
31%
Debt Free
69%

According to the survey, 31% of the individuals in Monterrey have some kind of debt, loan, mortgage, or credit card payments while 69% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Monterrey

Debt-to-income ratio in Monterrey

Debt to income ratio

35%

23% to 46%

( monthly debt payment / monthly income ) x 100

Interpretation

The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 35% of a single person's monthly income in Monterrey goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%14%
40% - 50%13%
30% - 40%15%
20% - 30%13%
10% - 20%16%
0% - 10%27%

According to our data, 3% of the debtors in Monterrey pay 60%+ of their income as debt settlement while 14% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 13% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 15% dedicated 30% to 40% of income for same. Things are looking brighter for 13% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Monterrey

Debt% People
Real Estate Mortgage11%
Auto Loan20%
Student Loan3%
Credit Card27%
Personal Loan39%

11% of debtors in Monterrey confirm that real estate mortgages constitutes the main part of their outstanding debt while 27% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 20% of people and personal loans rose at 39%. Lastly, student loans are the main source of debt for 3% of debtors in Monterrey.


About credit score and debt management

Managing debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.

Good debt vs. Bad debt

Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.


Loan Affordability Index in Monterrey

Besides measuring the loan-to-income ratio, we asked individuals of Monterrey how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.

Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.

Frequency% People
Never53%
Once a year23%
Twice a year12%
Three times a year8%
Four times a year4%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Monterrey

Housing costs, accommodation, and housing affordability in Monterrey

Rental costs and house/apartment prices can vary drastically between different areas and locations.


Rent Cost in Monterrey

Monthly Rent Prices

Studio apartment monthly rent cost

5,900 MXN 8,800 MXN 24,000 MXN
MINIMUM AVERAGE MAXIMUM
$350 $520 $1,400

1-bedroom apartment monthly rent cost

8,800 MXN 14,000 MXN 35,000 MXN
MINIMUM AVERAGE MAXIMUM
$520 $830 $2,100

2-bedroom apartment monthly rent cost

12,000 MXN 18,000 MXN 47,000 MXN
MINIMUM AVERAGE MAXIMUM
$690 $1,000 $2,800

3-bedroom apartment monthly rent cost

14,000 MXN 24,000 MXN 64,000 MXN
MINIMUM AVERAGE MAXIMUM
$830 $1,400 $3,800

Furnished apartment monthly rent cost

28,000 MXN 71,000 MXN 140,000 MXN
MINIMUM AVERAGE MAXIMUM
$1,700 $4,200 $8,300

Townhouse monthly rent cost

24,000 MXN 35,000 MXN 100,000 MXN
MINIMUM AVERAGE MAXIMUM
$1,400 $2,100 $5,900

House monthly rent cost

28,000 MXN 71,000 MXN 140,000 MXN
MINIMUM AVERAGE MAXIMUM
$1,700 $4,200 $8,300

Villa monthly rent cost

35,000 MXN 88,000 MXN 140,000 MXN
MINIMUM AVERAGE MAXIMUM
$2,100 $5,200 $8,300

The monthly rental cost of a studio apartment in Monterrey ranges between 5,900 MXN and 24,000 MXN, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 8,800 MXN to 35,000 MXN. Two-bedroom rentals rate ranges between 12,000 MXN and 47,000 MXN per month. The monthly rental for a three-bedroom apartment ranges from 14,000 MXN to 64,000 MXN. The average rent of a townhouse in Monterrey is around 35,000 MXN while house rental costs can be as high as 71,000 MXN per month. Finally, if you want to rent a villa, expect to pay anywhere from 35,000 MXN to 140,000 MXN per month.



Apartment and house prices in Monterrey

Cost of buying a property

Studio apartment price

1.2M MXN 1.8M MXN 3.5M MXN
MINIMUM AVERAGE MAXIMUM
$69,000 $100,000 $210,000

1-bedroom apartment price

1.4M MXN 2.4M MXN 8.8M MXN
MINIMUM AVERAGE MAXIMUM
$83,000 $140,000 $520,000

2-bedroom apartment price

2.4M MXN 7.1M MXN 14M MXN
MINIMUM AVERAGE MAXIMUM
$140,000 $420,000 $830,000

3-bedroom apartment price

7.8M MXN 12M MXN 35M MXN
MINIMUM AVERAGE MAXIMUM
$460,000 $690,000 $2.1M

Townhouse price

10M MXN 24M MXN 88M MXN
MINIMUM AVERAGE MAXIMUM
$590,000 $1.4M $5.2M

House price

12M MXN 71M MXN 100M MXN
MINIMUM AVERAGE MAXIMUM
$690,000 $4.2M $5.9M

Villa price

14M MXN 78M MXN 120M MXN
MINIMUM AVERAGE MAXIMUM
$830,000 $4.6M $6.9M

The average price of a studio apartment in Monterrey can range from 1.2M MXN to 3.5M MXN depending on location. One bedroom cost can be anywhere from 1.4M MXN to 8.8M MXN. A villa can cost you 78M MXN on average with prices ranging from 14M MXN to 120M MXN.


If you're leasing or purchasing, housing costs in Monterrey will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.

House / apartment prices to income ratio


Property price to income ratio

( average property price / average monthly income ) x 100


54 x158 monthly income 271
MINIMUM AVERAGE MAXIMUM

Property prices in Monterrey can be x158 to x271 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x158 multiples of the average monthly salary in Monterrey.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


29% 41% of income 54%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Monterrey is around 41%. This means that people pay 41% of their income for rent. Those figures can range from 29% to 54% depending on the salary, location, and type of property.


The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Housing Affordability Index
38%

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.


FROM
2.3%
AVERAGE
3.3%
TO
4.2%

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.


100 MXN 1,300 MXN 13,000 MXN
MINIMUM AVERAGE MAXIMUM

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.

Monthly costs and expenses of energy and basic utilities in Monterrey

Utilities expenditure can vary slightly between different areas and locations.


Energy, electricity, water, gas, internet, and mobile cost in Monterrey

Utility Bill Cost / Electricity + Water + Gas / A single person

390 MXN 2,800 MXN 19,000 MXN
MINIMUM AVERAGE MAXIMUM
$23 $160 $1,100

Internet and cable cost

280 MXN 550 MXN 740 MXN
MINIMUM AVERAGE MAXIMUM
$16 $33 $44

Mobile phone bill and charges

220 MXN 370 MXN 1,100 MXN
MINIMUM AVERAGE MAXIMUM
$13 $22 $65

Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.


The average monthly energy and water consumption of individuals is around 2,800 MXN. The cost of internet and WiFi ranges from 280 MXN to 740 MXN with 550 MXN being the average internet bill. Finally, the average monthly mobile charges is around 370 MXN but can range between 220 MXN and 1,100 MXN depending on consumption. Mobile charges include both calling minutes as well as data packages.


Energy / Utility expense to income ratio


( monthly utility expenses / monthly income ) x 100


2.5% 6.3% of income 11%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Monterrey is around 6.3%. This means that people pay 6.3% of their income for energy, water, internet, and mobile charges. Those figures can range from 2.5% to 11% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Monterrey

Grocery / Food expenditure and prices can vary drastically between different areas and locations.


Prices and cost of goods and services in Monterrey

Dining out, food, and beverages costs. Price variations for common food items.

Fast food combo meal price

55 MXN 110 MXN 180 MXN
MINIMUM AVERAGE MAXIMUM
$3.3 $6.5 $11

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Monterrey is approximatly 110 MXN with meal cost ranging from 55 MXN to 180 MXN. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

210 MXN 320 MXN 630 MXN
MINIMUM AVERAGE MAXIMUM
$12 $19 $37

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 210 MXN and 630 MXN with 320 MXN being the average price of a plate for one person at a regular restaurant in Monterrey.

Fine dining meal for one price

420 MXN 630 MXN 2,500 MXN
MINIMUM AVERAGE MAXIMUM
$25 $37 $150

The price range of a meal at fine-dining restaurant is 420 MXN to 2,500 MXN with the average cost being 630 MXN for one person. This is what you would expect to pay a top-tier diner in Monterrey.

Beverage prices, cappuccino, latte etc..

46 MXN 74 MXN 110 MXN
MINIMUM AVERAGE MAXIMUM
$2.7 $4.4 $6.5

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Monterrey is around 74 MXN. Price ranges between 46 MXN and 110 MXN depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

37 MXN 44 MXN 55 MXN
MINIMUM AVERAGE MAXIMUM
$2.2 $2.6 $3.3

The average price of a large bottle of milk in Monterrey is 44 MXN. The maximum what you would pay for milk is 55 MXN and the minimum being 37 MXN depending on the brand of milk and other properties.

12 eggs price

28 MXN 37 MXN 55 MXN
MINIMUM AVERAGE MAXIMUM
$1.6 $2.2 $3.3

A dozen eggs costs around 37 MXN on average with 28 MXN and 55 MXN being the lower and upper limits respectively.

Fresh whole chicken price

63 MXN 81 MXN 120 MXN
MINIMUM AVERAGE MAXIMUM
$3.7 $4.8 $6.8

The price range of a fresh whole chicken in Monterrey is between 63 MXN and 120 MXN depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 81 MXN.

Pack of beef price

74 MXN 110 MXN 220 MXN
MINIMUM AVERAGE MAXIMUM
$4.4 $6.5 $13

The price of a regular pack of beef or meat is around 110 MXN. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

30 MXN 41 MXN 58 MXN
MINIMUM AVERAGE MAXIMUM
$1.8 $2.4 $3.4

A bag of rice in Monterrey costs around 41 MXN on average with prices rangeing between 30 MXN and 58 MXN depending on the brand and quality.

Bag of tomatos price

11 MXN 15 MXN 28 MXN
MINIMUM AVERAGE MAXIMUM
$0.65 $0.87 $1.6

A bag of tomatoes costs anywhere from 11 MXN to 28 MXN. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

20 MXN 26 MXN 43 MXN
MINIMUM AVERAGE MAXIMUM
$1.2 $1.5 $2.5

A bag of apples costs 26 MXN on average. A bag of apples denotes 1Kg or 1lb depending on location.


Grocery and food expenditure to income ratio


( monthly grocery expenses / monthly income ) x 100


21% 31% of income 39%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Monterrey is around 31%. This means that individuals spend 31% of their income on grocery and basic household items. The expenditure can range from 21% to 39% depending on salary and location.


Expenditure on food and grocery for individuals

Individuals' spending on grocery ranges from 1,000 MXN to 49,000 MXN with the location, income being the most determinite factors.

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