Last update: Nov 2026

Cost of Living Comparison Between Key West, FL and Monterrey

For one person, living is cheaper in Monterrey: $1,641 a month against $4,773 in Key West, FL, rent and utilities included – about $37,600 less a year. Rent and utilities account for most of the difference.

229

Cost of Living Index in Key West, FL
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Key West, FL Living Index
78

Cost of Living Index in Monterrey
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Monterrey Living Index

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Key West, FL

🇺🇸 United States

$4,773

/mo nomad

Monterrey

🇲🇽 Mexico

$1,641

/mo nomad

Monthly Cost of Living

How much you'll spend in Key West, 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 Key West, FL and in Monterrey actually costs, broken down by who's living it.

A single person spends $4,773 per month in Key West, FL vs $1,641 in Monterrey, rent included.

Key West, FL $4,773
Monterrey $1,641

A couple spends around $6,964 per month in Key West, FL vs $2,573 in Monterrey, rent included.

Key West, FL $6,964
Monterrey $2,573

A family of three spends $9,154 per month in Key West, FL vs $3,504 in Monterrey, rent included.

Key West, FL $9,154
Monterrey $3,504

Key West, FL costs about 191% more than Monterrey, and outside of rent the biggest gap is in groceries.

Both Key West, FL and Monterrey sit above the global median – Key West, FL by 253%, Monterrey by 21%.

Meal at Budget Restaurant

$22.10 $22.10

$13.37 MX$250

65.30%

Three-Course Dinner for Two, Mid-Range

$101 $101

$47.95 MX$897

110.74%

Fast Food Meal (McDonalds, etc)

$11.93 $11.93

$10.79 MX$202

10.57%

Cappuccino

$4.47 $4.47

$3.77 MX$70.4

18.57%

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

$2.37 $2.37

$1.51 MX$28.26

56.95%

Water (0.33 liter bottle)

$1.98 $1.98

$1.03 MX$19.25

92.23%

Local Beer (0.5 liter draught)

$6.06 $6.06

$2.48 MX$46.41

144.35%

Imported Beer (0.33 liter bottle)

$6.83 $6.83

$4.36 MX$81.5

56.65%

Milk (1 liter)

$1.00 $1.00

$1.89 MX$35.43

-47.09%

White Bread (500g)

$3.68 $3.68

$2.85 MX$53.3

29.12%

Rice (white) (1kg)

$6.51 $6.51

$1.86 MX$34.71

250.00%

Eggs

$5.19 $5.19

$2.47 MX$46.12

110.12%

Local Cheese (1kg)

$11.30 $11.30

$11.81 MX$221

-4.32%

Chicken Fillets (1kg)

$13.69 $13.69

$8.97 MX$168

52.62%

Beef Round Steak (1kg)

$23.76 $23.76

$12.57 MX$235

89.02%

Apples (1kg)

$4.96 $4.96

$3.20 MX$59.8

55.00%

Banana (1kg)

$1.85 $1.85

$1.50 MX$28.12

23.33%

Oranges (1kg)

$3.72 $3.72

$2.12 MX$39.74

75.47%

Tomato (1kg)

$5.11 $5.11

$2.33 MX$43.64

119.31%

Potato (1kg)

$6.04 $6.04

$2.22 MX$41.58

172.07%

Onion (1kg)

$3.27 $3.27

$2.58 MX$48.34

26.74%

Lettuce (1 head)

$3.55 $3.55

$1.45 MX$27.04

144.83%

Water (1.5 liter bottle)

$2.67 $2.67

$1.22 MX$22.85

118.85%

Cigarettes 20 Pack (Marlboro, Camel)

$7.88 $7.88

$4.80 MX$89.7

64.17%

Wine (Bottle)

$14.27 $14.27

$13.30 MX$249

7.29%

Local Beer (0.5 liter bottle)

$1.91 $1.91

$1.93 MX$36.14

-1.04%

Imported Beer (0.33 liter bottle)

$2.30 $2.30

$2.86 MX$53.4

-19.58%

One-way Ticket (Public Transport)

$4.10 $4.10

$0.80 MX$14.94

412.50%

Public Transport Monthly Pass (Regular Price)

$30.94 MX$579

Taxi Start (Normal Tariff)

$4.08 $4.08

$1.83 MX$34.28

122.95%

Taxi (Normal Tariff) (1km)

$3.09 $3.09

$1.06 MX$19.78

191.51%

Taxi 1hour Waiting (Normal Tariff)

$29.69 $29.69

$10.82 MX$202

174.40%

Gasoline (1 liter)

$0.84 $0.84

$1.47 MX$27.54

-42.86%

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

$35.0K $35.0K

$24.1K MX$450.4K

45.38%

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

$25.5K $25.5K

$23.5K MX$440.2K

8.29%

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

$215 $215

$115 MX$2,144

87.85%

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

$53.4 $53.4

$26.37 MX$493

102.65%

Internet (50+ Mbps, Unlimited Data)

$74.1 $74.1

$25.70 MX$481

188.33%

Gym Membership (Monthly)

$80.1 $80.1

$30.53 MX$571

162.27%

Tennis Court (1 Hour on Weekend)

$21.27 MX$398

Cinema Ticket

$14.18 $14.18

$4.96 MX$92.8

185.89%

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

$1,102 $1,102

$679 MX$12.7K

62.36%

International Primary School, 1 Child (Yearly)

$22.9K $22.9K

$14.2K MX$265.3K

61.72%

Jeans (Levis 501 Or Similar)

$47.45 $47.45

$72.2 MX$1,350

-34.28%

Summer Dress (H&M, Zara, etc)

$42.43 $42.43

$41.94 MX$784

1.17%

Sport Shoes (Adidas, Nike)

$71.6 $71.6

$107 MX$2,011

-33.37%

Men's Leather Business Shoes

$68.9 $68.9

$119 MX$2,219

-41.95%

1-bedroom Apartment, City Center (Monthly)

$3,420 $3,420

$1,018 MX$19.0K

236.13%

1-bedroom Apartment, Outside City Center (Monthly)

$3,398 $3,398

$722 MX$13.5K

370.91%

3-bedroom Apartment, City Center (Monthly)

$7,127 $7,127

$1,966 MX$36.8K

262.42%

3-bedroom Apartment, Outside City Center (Monthly)

$6,007 $6,007

$1,416 MX$26.5K

324.33%

Buy Apartment in City Center (m2)

$9,501 $9,501

$4,203 MX$78.6K

126.06%

Buy Apartment Outside City Center (m2)

$9,607 $9,607

$2,782 MX$52.0K

245.34%

Average Monthly Net Salary (After Tax)

$5,853 $5,853

$1,096 MX$20.5K

434.14%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.38

11.79

-45.89%

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

Last update for Key West, 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

Key West, FL

$3.4K 71.2%

Monterrey

$722 44% 78.8% $2.7K

Groceries & Markets

Key West, FL

$457 9.6%

Monterrey

$302 18.4% 33.9% $155

Monthly Utilities & Internet

Key West, FL

$343 7.2%

Monterrey

$167 10.2% 51.4% $176

Eating Out

Key West, FL

$328 6.9%

Monterrey

$216 13.2% 34.1% $112

Sport & Entertainment

Key West, FL

$108 2.3%

Monterrey

$40 2.5% 62.7% $68

Clothing & Footwear

Key West, FL

$104 2.2%

Monterrey

$153 9.3% 47.7% $49

Getting Around

Key West, FL

$36 * 0.8%

Monterrey

$41 2.5% 14.9% $5.4

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $3,420 in Key West, FL versus $1,018 in Monterrey. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries in Key West, FL are about 5.3 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $101 in Key West, FL versus $48 in Monterrey. Monthly groceries follow the same trend: $457 vs $302 – making Monterrey the more affordable choice for daily food spending.

Good to know

🇺🇸 Key West, FL

🇲🇽 Monterrey

🕒 Local time

16:21 4:21 PM

15:21 3:21 PM

1 h behind Key West, FL

🌤 Weather

👥 Population

24,684

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

Key West, FL Monterrey 1,870 km ≈ 2 h 45 min nonstop flight

From you

Key West, 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

Key West, FL vs Monterrey: Cost of Living - Frequently Asked Questions

Yes – Key West, FL is pricier by about 191%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $7,160 per month in Key West, FL and $2,461 in Monterrey. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Monterrey, especially for central apartments: a one-bedroom in the center costs $1,018 there versus $3,420 in Key West, FL.

A mid-range dinner for two costs $101 in Key West, FL and $48 in Monterrey. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 51% more in Key West, FL, though the gap depends on what you buy.

A $3,000 monthly budget goes further in Monterrey, where all-in costs run around $1,641, than in Key West, FL at $4,773. In Monterrey it covers expenses comfortably, while in Key West, FL it requires careful planning or may not stretch far enough.

Families tend to lean toward Monterrey – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

If budget matters most, go with Monterrey. If higher salaries or specific career opportunities are the priority, Key West, FL makes more sense. Both are solid long-term options with distinct trade-offs.