Last update: Nov 2026

Cost of Living Comparison Between Elliot Lake, ON and Monterrey

For one person, living is cheaper in Monterrey: $1,641 a month against $2,395 in Elliot Lake, ON, rent and utilities included – about $9,000 less a year. Rent and utilities account for most of the difference.

109

Cost of Living Index in Elliot Lake, ON
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Elliot Lake, ON Living Index
78

Cost of Living Index in Monterrey
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Monterrey Living Index

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Elliot Lake, ON

🇨🇦 Canada

$2,395

/mo nomad

Monterrey

🇲🇽 Mexico

$1,641

/mo nomad

Monthly Cost of Living

How much you'll spend in Elliot Lake, ON 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 Elliot Lake, ON and in Monterrey actually costs, broken down by who's living it.

Monthly costs for one person with rent: $2,395 in Elliot Lake, ON versus $1,641 in Monterrey.

Elliot Lake, ON $2,395
Monterrey $1,641

Estimated couple costs with rent: $3,337 in Elliot Lake, ON versus $2,573 in Monterrey.

Elliot Lake, ON $3,337
Monterrey $2,573

Monthly costs for a family of three with rent: $4,280 in Elliot Lake, ON versus $3,504 in Monterrey.

Elliot Lake, ON $4,280
Monterrey $3,504

Living in Elliot Lake, ON is roughly 46% more expensive than in Monterrey, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Elliot Lake, ON 77% above, Monterrey 21% above.

Meal at Budget Restaurant

$17.55 CA$24.69

$13.37 MX$250

31.26%

Three-Course Dinner for Two, Mid-Range

$65.2 CA$91.6

$47.95 MX$897

35.89%

Fast Food Meal (McDonalds, etc)

$10.91 CA$15.35

$10.79 MX$202

1.11%

Cappuccino

$3.27 CA$4.60

$3.77 MX$70.4

-13.26%

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

$2.08 CA$2.93

$1.51 MX$28.26

37.75%

Water (0.33 liter bottle)

$1.63 CA$2.29

$1.03 MX$19.25

58.25%

Local Beer (0.5 liter draught)

$5.40 CA$7.59

$2.48 MX$46.41

117.74%

Imported Beer (0.33 liter bottle)

$5.64 CA$7.94

$4.36 MX$81.5

29.36%

Milk (1 liter)

$2.35 CA$3.31

$1.89 MX$35.43

24.34%

White Bread (500g)

$2.65 CA$3.73

$2.85 MX$53.3

-7.02%

Rice (white) (1kg)

$3.67 CA$5.16

$1.86 MX$34.71

97.31%

Eggs

$3.08 CA$4.33

$2.47 MX$46.12

24.70%

Local Cheese (1kg)

$9.56 CA$13.45

$11.81 MX$221

-19.05%

Chicken Fillets (1kg)

$12.90 CA$18.15

$8.97 MX$168

43.81%

Beef Round Steak (1kg)

$16.16 CA$22.73

$12.57 MX$235

28.56%

Apples (1kg)

$4.22 CA$5.94

$3.20 MX$59.8

31.87%

Banana (1kg)

$1.37 CA$1.92

$1.50 MX$28.12

-8.67%

Oranges (1kg)

$3.68 CA$5.18

$2.12 MX$39.74

73.58%

Tomato (1kg)

$3.73 CA$5.24

$2.33 MX$43.64

60.09%

Potato (1kg)

$2.28 CA$3.21

$2.22 MX$41.58

2.70%

Onion (1kg)

$2.42 CA$3.41

$2.58 MX$48.34

-6.20%

Lettuce (1 head)

$2.68 CA$3.76

$1.45 MX$27.04

84.83%

Water (1.5 liter bottle)

$1.74 CA$2.45

$1.22 MX$22.85

42.62%

Cigarettes 20 Pack (Marlboro, Camel)

$16.07 CA$22.61

$4.80 MX$89.7

234.79%

Wine (Bottle)

$12.84 CA$18.06

$13.30 MX$249

-3.46%

Local Beer (0.5 liter bottle)

$3.03 CA$4.26

$1.93 MX$36.14

56.99%

Imported Beer (0.33 liter bottle)

$3.17 CA$4.46

$2.86 MX$53.4

10.84%

One-way Ticket (Public Transport)

$2.34 CA$3.28

$0.80 MX$14.94

192.50%

Public Transport Monthly Pass (Regular Price)

$71.3 CA$100

$30.94 MX$579

130.54%

Taxi Start (Normal Tariff)

$2.85 CA$4.01

$1.83 MX$34.28

55.74%

Taxi (Normal Tariff) (1km)

$1.53 CA$2.15

$1.06 MX$19.78

44.34%

Taxi 1hour Waiting (Normal Tariff)

$23.44 CA$32.96

$10.82 MX$202

116.64%

Gasoline (1 liter)

$1.07 CA$1.51

$1.47 MX$27.54

-27.21%

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

$30.9K CA$43.5K

$24.1K MX$450.4K

28.46%

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

$24.5K CA$34.5K

$23.5K MX$440.2K

4.09%

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

$157 CA$221

$115 MX$2,144

37.37%

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

$37.24 CA$52.4

$26.37 MX$493

41.22%

Internet (50+ Mbps, Unlimited Data)

$60.0 CA$84.3

$25.70 MX$481

133.31%

Gym Membership (Monthly)

$40.80 CA$57.4

$30.53 MX$571

33.64%

Tennis Court (1 Hour on Weekend)

$20.68 CA$29.09

$21.27 MX$398

-2.77%

Cinema Ticket

$12.31 CA$17.31

$4.96 MX$92.8

148.19%

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

$546 CA$767

$679 MX$12.7K

-19.59%

International Primary School, 1 Child (Yearly)

$13.1K CA$18.5K

$14.2K MX$265.3K

-7.44%

Jeans (Levis 501 Or Similar)

$54.4 CA$76.6

$72.2 MX$1,350

-24.61%

Summer Dress (H&M, Zara, etc)

$43.50 CA$61.2

$41.94 MX$784

3.72%

Sport Shoes (Adidas, Nike)

$94.7 CA$133

$107 MX$2,011

-11.86%

Men's Leather Business Shoes

$92.4 CA$130

$119 MX$2,219

-22.16%

1-bedroom Apartment, City Center (Monthly)

$1,426 CA$2,005

$1,018 MX$19.0K

40.10%

1-bedroom Apartment, Outside City Center (Monthly)

$1,218 CA$1,713

$722 MX$13.5K

68.77%

3-bedroom Apartment, City Center (Monthly)

$1,946 CA$2,736

$1,966 MX$36.8K

-1.05%

3-bedroom Apartment, Outside City Center (Monthly)

$1,653 CA$2,325

$1,416 MX$26.5K

16.79%

Buy Apartment in City Center (m2)

$3,822 CA$5,374

$4,203 MX$78.6K

-9.07%

Buy Apartment Outside City Center (m2)

$3,263 CA$4,588

$2,782 MX$52.0K

17.28%

Average Monthly Net Salary (After Tax)

$1,096 MX$20.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

4.68

11.79

-60.31%

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

Last update for Elliot Lake, ON: November 2, 2026

Last update for Monterrey: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Elliot Lake, ON

$1.2K 50.9%

Monterrey

$722 44% 40.7% $496

Groceries & Markets

Elliot Lake, ON

$372 15.5%

Monterrey

$302 18.4% 18.8% $70

Eating Out

Elliot Lake, ON

$266 11.1%

Monterrey

$216 13.2% 18.7% $50

Monthly Utilities & Internet

Elliot Lake, ON

$255 10.6%

Monterrey

$167 10.2% 34.5% $88

Clothing & Footwear

Elliot Lake, ON

$128 5.4%

Monterrey

$153 9.3% 19.4% $25

Getting Around

Elliot Lake, ON

$91 3.8%

Monterrey

$41 2.5% 54.7% $50

Sport & Entertainment

Elliot Lake, ON

$65 2.7%

Monterrey

$40 2.5% 38.2% $25

Cost Breakdown

A one-bedroom apartment in the center runs $1,426 in Elliot Lake, ON and $1,018 in Monterrey. Housing cost is often the main lever when comparing two cities.

Dining out: $65 in Elliot Lake, ON vs $48 in Monterrey for a mid-range dinner for two. Groceries echo the gap at $372 vs $302 per month, with Monterrey cheaper across the board.

Good to know

🇨🇦 Elliot Lake, ON

🇲🇽 Monterrey

🕒 Local time

15:31 3:31 PM

14:31 2:31 PM

1 h behind Elliot Lake, ON

🌤 Weather

👥 Population

10,741

1,142,994

💱 Currency

Canadian Dollar CAD $

Mexican Peso MXN $

📈 Exchange rate

1 CAD = 0.711 USD

1 CAD = 0.636 EUR

100 MXN = 5.35 USD

100 MXN = 4.78 EUR

Exchange rates and currency converter

MXN, USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of November 6, 2026: 1 USD = 1.41 CAD (1 CAD = 0.711 USD). 1 EUR = 1.57 CAD (1 CAD = 0.636 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).

USD to CAD in detail →

On the map

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Between locations

Elliot Lake, ON Monterrey 2,780 km ≈ 4 h nonstop flight

From you

Elliot Lake, ON
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

Elliot Lake, ON vs Monterrey: Cost of Living - Frequently Asked Questions

Monterrey is about 31% cheaper overall, especially in groceries, transport, and eating out. That difference adds up to real monthly savings that compound significantly over time.

You’d need roughly $3,592 in Elliot Lake, ON and $2,461 in Monterrey to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Rent for a central apartment: $1,426 in Elliot Lake, ON 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 $2,395 per month in Elliot Lake, ON versus $1,641 in Monterrey – Monterrey is about 31% cheaper, which adds up to real savings over time.

A monthly transit pass in Monterrey runs roughly 57% less than in Elliot Lake, ON. 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 31% less than in Elliot Lake, ON. Beyond cost, consider language, visa policies, and how big the international community is in each city.