Last update: Nov 2026

Cost of Living Comparison Between Coral Gables, FL and Monterrey

For one person, living is cheaper in Monterrey: $1,641 a month against $2,522 in Coral Gables, FL, rent and utilities included – about $10,600 less a year. Rent and utilities account for most of the difference.

121

Cost of Living Index in Coral Gables, FL
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Coral Gables, FL Living Index
78

Cost of Living Index in Monterrey
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Monterrey Living Index

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Coral Gables, FL

🇺🇸 United States

$2,522

/mo nomad

Monterrey

🇲🇽 Mexico

$1,641

/mo nomad

Monthly Cost of Living

How much you'll spend in Coral Gables, FL and in Monterrey

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Coral Gables, FL and in Monterrey actually costs, broken down by who's living it.

Monthly costs for one person with rent: $2,522 in Coral Gables, FL versus $1,641 in Monterrey.

Coral Gables, FL $2,522
Monterrey $1,641

Estimated couple costs with rent: $3,703 in Coral Gables, FL versus $2,573 in Monterrey.

Coral Gables, FL $3,703
Monterrey $2,573

Monthly costs for a family of three with rent: $4,885 in Coral Gables, FL versus $3,504 in Monterrey.

Coral Gables, FL $4,885
Monterrey $3,504

Living in Coral Gables, FL is roughly 54% more expensive than in Monterrey, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Coral Gables, FL 87% above, Monterrey 21% above.

Meal at Budget Restaurant

$17.54 $17.54

$13.37 MX$250

31.19%

Three-Course Dinner for Two, Mid-Range

$76.1 $76.1

$47.95 MX$897

58.60%

Fast Food Meal (McDonalds, etc)

$9.93 $9.93

$10.79 MX$202

-7.97%

Cappuccino

$5.21 $5.21

$3.77 MX$70.4

38.20%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.94 $2.94

$1.51 MX$28.26

94.70%

Water (0.33 liter bottle)

$1.99 $1.99

$1.03 MX$19.25

93.20%

Local Beer (0.5 liter draught)

$5.30 $5.30

$2.48 MX$46.41

113.71%

Imported Beer (0.33 liter bottle)

$7.35 $7.35

$4.36 MX$81.5

68.58%

Milk (1 liter)

$0.87 $0.87

$1.89 MX$35.43

-53.97%

White Bread (500g)

$4.34 $4.34

$2.85 MX$53.3

52.28%

Rice (white) (1kg)

$3.12 $3.12

$1.86 MX$34.71

67.74%

Eggs

$3.98 $3.98

$2.47 MX$46.12

61.13%

Local Cheese (1kg)

$13.18 $13.18

$11.81 MX$221

11.60%

Chicken Fillets (1kg)

$11.42 $11.42

$8.97 MX$168

27.31%

Beef Round Steak (1kg)

$14.96 $14.96

$12.57 MX$235

19.01%

Apples (1kg)

$4.61 $4.61

$3.20 MX$59.8

44.06%

Banana (1kg)

$1.52 $1.52

$1.50 MX$28.12

1.33%

Oranges (1kg)

$4.48 $4.48

$2.12 MX$39.74

111.32%

Tomato (1kg)

$5.47 $5.47

$2.33 MX$43.64

134.76%

Potato (1kg)

$2.94 $2.94

$2.22 MX$41.58

32.43%

Onion (1kg)

$3.08 $3.08

$2.58 MX$48.34

19.38%

Lettuce (1 head)

$2.28 $2.28

$1.45 MX$27.04

57.24%

Water (1.5 liter bottle)

$1.24 $1.24

$1.22 MX$22.85

1.64%

Cigarettes 20 Pack (Marlboro, Camel)

$9.16 $9.16

$4.80 MX$89.7

90.83%

Wine (Bottle)

$15.51 $15.51

$13.30 MX$249

16.62%

Local Beer (0.5 liter bottle)

$2.17 $2.17

$1.93 MX$36.14

12.44%

Imported Beer (0.33 liter bottle)

$3.35 $3.35

$2.86 MX$53.4

17.13%

One-way Ticket (Public Transport)

$2.03 $2.03

$0.80 MX$14.94

153.75%

Public Transport Monthly Pass (Regular Price)

$60.9 $60.9

$30.94 MX$579

96.67%

Taxi Start (Normal Tariff)

$2.87 $2.87

$1.83 MX$34.28

56.83%

Taxi (Normal Tariff) (1km)

$1.82 $1.82

$1.06 MX$19.78

71.70%

Taxi 1hour Waiting (Normal Tariff)

$24.03 $24.03

$10.82 MX$202

122.09%

Gasoline (1 liter)

$0.99 $0.99

$1.47 MX$27.54

-32.65%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$17.9K $17.9K

$24.1K MX$450.4K

-25.51%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$21.6K $21.6K

$23.5K MX$440.2K

-8.40%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$172 $172

$115 MX$2,144

49.89%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$39.56 $39.56

$26.37 MX$493

50.02%

Internet (50+ Mbps, Unlimited Data)

$61.0 $61.0

$25.70 MX$481

137.16%

Gym Membership (Monthly)

$39.94 $39.94

$30.53 MX$571

30.82%

Tennis Court (1 Hour on Weekend)

$21.27 MX$398

Cinema Ticket

$12.59 $12.59

$4.96 MX$92.8

153.83%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$915 $915

$679 MX$12.7K

34.79%

International Primary School, 1 Child (Yearly)

$17.7K $17.7K

$14.2K MX$265.3K

24.67%

Jeans (Levis 501 Or Similar)

$75.7 $75.7

$72.2 MX$1,350

4.89%

Summer Dress (H&M, Zara, etc)

$57.1 $57.1

$41.94 MX$784

36.05%

Sport Shoes (Adidas, Nike)

$115 $115

$107 MX$2,011

6.85%

Men's Leather Business Shoes

$101 $101

$119 MX$2,219

-14.55%

1-bedroom Apartment, City Center (Monthly)

$3,084 $3,084

$1,018 MX$19.0K

203.10%

1-bedroom Apartment, Outside City Center (Monthly)

$1,266 $1,266

$722 MX$13.5K

75.44%

3-bedroom Apartment, City Center (Monthly)

$2,559 $2,559

$1,966 MX$36.8K

30.13%

3-bedroom Apartment, Outside City Center (Monthly)

$2,067 $2,067

$1,416 MX$26.5K

46.01%

Buy Apartment in City Center (m2)

$2,835 $2,835

$4,203 MX$78.6K

-32.55%

Buy Apartment Outside City Center (m2)

$2,370 $2,370

$2,782 MX$52.0K

-14.80%

Average Monthly Net Salary (After Tax)

$5,839 $5,839

$1,096 MX$20.5K

432.90%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.76

11.79

-42.66%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Coral Gables, FL: November 1, 2026

Last update for Monterrey: November 2, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Coral Gables, FL

$1.3K 50.2%

Monterrey

$722 44% 43% $544

Groceries & Markets

Coral Gables, FL

$387 15.4%

Monterrey

$302 18.4% 21.9% $85

Eating Out

Coral Gables, FL

$294 11.6%

Monterrey

$216 13.2% 26.5% $78

Monthly Utilities & Internet

Coral Gables, FL

$272 10.8%

Monterrey

$167 10.2% 38.8% $106

Clothing & Footwear

Coral Gables, FL

$157 6.2%

Monterrey

$153 9.3% 2.5% $3.9

Getting Around

Coral Gables, FL

$81 3.2%

Monterrey

$41 2.5% 49% $40

Sport & Entertainment

Coral Gables, FL

$65 2.6%

Monterrey

$40 2.5% 37.9% $25

Cost Breakdown

A one-bedroom apartment in the center runs $3,084 in Coral Gables, FL and $1,018 in Monterrey. Housing cost is often the main lever when comparing two cities.

Coral Gables, FL pays about 5.3 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $76 in Coral Gables, FL vs $48 in Monterrey for a mid-range dinner for two. Groceries echo the gap at $387 vs $302 per month, with Monterrey cheaper across the board.

Good to know

🇺🇸 Coral Gables, FL

🇲🇽 Monterrey

🕒 Local time

14:45 2:45 PM

13:45 1:45 PM

1 h behind Coral Gables, FL

🌤 Weather

👥 Population

42,794

1,142,994

💱 Currency

United States Dollar USD $

Mexican Peso MXN $

📈 Exchange rate

1 USD = 0.895 EUR

100 MXN = 5.35 USD

100 MXN = 4.78 EUR

Exchange rates and currency converter

MXN, EUR to USD – United States Dollar Converter

🇲🇽 Mexican Peso ($)

🇺🇸 United States Dollar ($)

United States Dollar exchange rates as of November 6, 2026: 1 EUR = 1.12 USD (1 USD = 0.895 EUR).

Mexican Peso exchange rates as of November 6, 2026: 1 USD = 18.7 MXN (100 MXN = 5.35 USD). 1 EUR = 20.9 MXN (100 MXN = 4.78 EUR).

MXN to USD in detail →

On the map

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Between locations

Coral Gables, FL Monterrey 2,010 km ≈ 3 h nonstop flight

From you

Coral Gables, FL
Monterrey

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Coral Gables, FL vs Monterrey: Cost of Living - Frequently Asked Questions

Total monthly costs including rent come to $2,522 in Coral Gables, FL and $1,641 in Monterrey, so Monterrey is about 35% cheaper – a gap that matters a lot on a fixed or modest income.

Average pay in Coral Gables, FL is about 5.3 times higher, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $3,084 in Coral Gables, FL versus $1,018 in Monterrey. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you’ll spend $2,522 per month in Coral Gables, FL versus $1,641 in Monterrey – Monterrey is about 35% cheaper, which adds up to real savings over time.

A monthly transit pass in Monterrey runs roughly 49% less than in Coral Gables, FL. The price difference matters if you commute daily and watch your budget.

Either city works on $3,000 a month, though Monterrey gives you more room to save. At this income level, the choice is more about lifestyle than financial pressure.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Expats usually find Monterrey gentler on the wallet – expenses run 35% less than in Coral Gables, FL. Beyond cost, consider language, visa policies, and how big the international community is in each city.