Last update: Oct 2026

Cost of Living Comparison Between Miraflores and Monterrey

For one person, living is cheaper in Miraflores: $1,118 a month against $1,608 in Monterrey, rent and utilities included – about $5,900 less a year. Other living expenses account for most of the difference.

54

Cost of Living Index in Miraflores
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Miraflores Living Index
79

Cost of Living Index in Monterrey
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Monterrey Living Index

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Miraflores

🇵🇪 Peru

$1,118

/mo nomad

Monterrey

🇲🇽 Mexico

$1,608

/mo nomad

Monthly Cost of Living

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

A single person spends $1,118 per month in Miraflores vs $1,608 in Monterrey, rent included.

Miraflores $1,118
Monterrey $1,608

A couple spends around $1,239 per month in Miraflores vs $2,521 in Monterrey, rent included.

Miraflores $1,239
Monterrey $2,521

A family of three spends $1,360 per month in Miraflores vs $3,433 in Monterrey, rent included.

Miraflores $1,360
Monterrey $3,433

Miraflores is about 30% cheaper than Monterrey, and outside of rent the biggest gap is in groceries.

Miraflores sits 17% below the global median, while Monterrey is 19% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$4.29 PEN 14.74

$13.85 MX$256

-69.03%

Three-Course Dinner for Two, Mid-Range

$35.43 PEN 122

$49.70 MX$918

-28.71%

Fast Food Meal (McDonalds, etc)

$5.32 PEN 18.25

$11.05 MX$204

-51.86%

Cappuccino

$3.27 PEN 11.23

$4.09 MX$75.6

-20.05%

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

$1.11 PEN 3.80

$1.68 MX$30.97

-33.93%

Water (0.33 liter bottle)

$0.65 PEN 2.24

$1.03 MX$18.98

-36.89%

Local Beer (0.5 liter draught)

$2.57 PEN 8.83

$2.40 MX$44.28

7.08%

Imported Beer (0.33 liter bottle)

$4.47 PEN 15.36

$4.35 MX$80.3

2.76%

Milk (1 liter)

$1.34 PEN 4.59

$1.92 MX$35.55

-30.21%

White Bread (500g)

$1.17 PEN 4.03

$2.94 MX$54.2

-60.20%

Rice (white) (1kg)

$1.30 PEN 4.48

$1.88 MX$34.66

-30.85%

Eggs

$2.84 PEN 9.77

$2.55 MX$47.06

11.37%

Local Cheese (1kg)

$8.98 PEN 30.84

$11.84 MX$219

-24.16%

Chicken Fillets (1kg)

$5.78 PEN 19.87

$9.36 MX$173

-38.25%

Beef Round Steak (1kg)

$9.88 PEN 33.93

$13.10 MX$242

-24.58%

Apples (1kg)

$2.07 PEN 7.10

$3.38 MX$62.5

-38.76%

Banana (1kg)

$1.02 PEN 3.50

$1.52 MX$28.13

-32.89%

Oranges (1kg)

$1.41 PEN 4.84

$2.19 MX$40.51

-35.62%

Tomato (1kg)

$1.18 PEN 4.04

$2.36 MX$43.63

-50.00%

Potato (1kg)

$0.88 PEN 3.02

$2.26 MX$41.76

-61.06%

Onion (1kg)

$0.89 PEN 3.04

$2.73 MX$50.5

-67.40%

Lettuce (1 head)

$0.83 PEN 2.84

$1.52 MX$28.17

-45.39%

Water (1.5 liter bottle)

$0.61 PEN 2.09

$1.24 MX$22.90

-50.81%

Cigarettes 20 Pack (Marlboro, Camel)

$5.67 PEN 19.48

$4.75 MX$87.8

19.37%

Wine (Bottle)

$8.65 PEN 29.70

$13.66 MX$252

-36.68%

Local Beer (0.5 liter bottle)

$1.78 PEN 6.11

$1.89 MX$34.95

-5.82%

Imported Beer (0.33 liter bottle)

$2.86 PEN 9.84

$2.99 MX$55.2

-4.35%

One-way Ticket (Public Transport)

$0.30 PEN 1.04

$0.85 MX$15.78

-64.71%

Public Transport Monthly Pass (Regular Price)

$30.95 MX$572

Taxi Start (Normal Tariff)

$3.81 PEN 13.08

$1.68 MX$30.98

126.79%

Taxi (Normal Tariff) (1km)

$2.05 PEN 7.03

$1.13 MX$20.87

81.42%

Taxi 1hour Waiting (Normal Tariff)

$7.29 PEN 25.04

$11.15 MX$206

-34.62%

Gasoline (1 liter)

$1.33 PEN 4.56

$1.56 MX$28.91

-14.74%

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

$22.1K PEN 76.0K

$21.4K MX$395.8K

3.30%

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

$25.4K PEN 87.1K

$25.1K MX$463.2K

1.22%

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

$58.9 PEN 202

$119 MX$2,206

-50.65%

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

$8.92 PEN 30.65

$26.21 MX$484

-65.97%

Internet (50+ Mbps, Unlimited Data)

$27.50 PEN 94.5

$26.78 MX$495

2.69%

Gym Membership (Monthly)

$35.26 PEN 121

$31.03 MX$573

13.63%

Tennis Court (1 Hour on Weekend)

$21.43 MX$396

Cinema Ticket

$7.28 PEN 24.99

$5.29 MX$97.7

37.62%

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

$175 PEN 603

$691 MX$12.8K

-74.61%

International Primary School, 1 Child (Yearly)

$13.1K PEN 45.0K

$11.5K MX$212.1K

14.07%

Jeans (Levis 501 Or Similar)

$53.0 PEN 182

$72.3 MX$1,335

-26.64%

Summer Dress (H&M, Zara, etc)

$35.27 PEN 121

$42.72 MX$789

-17.44%

Sport Shoes (Adidas, Nike)

$83.6 PEN 287

$110 MX$2,024

-23.68%

Men's Leather Business Shoes

$79.9 PEN 274

$117 MX$2,158

-31.56%

1-bedroom Apartment, City Center (Monthly)

$662 PEN 2,275

$970 MX$17.9K

-31.69%

1-bedroom Apartment, Outside City Center (Monthly)

$524 PEN 1,800

$664 MX$12.3K

-21.02%

3-bedroom Apartment, City Center (Monthly)

$1,596 PEN 5,481

$1,857 MX$34.3K

-14.05%

3-bedroom Apartment, Outside City Center (Monthly)

$1,287 MX$23.8K

Buy Apartment in City Center (m2)

$2,507 PEN 8,609

$4,162 MX$76.9K

-39.76%

Buy Apartment Outside City Center (m2)

$2,349 MX$43.4K

Average Monthly Net Salary (After Tax)

$1,146 MX$21.2K

20-Year Fixed Mortgage Interest Rate (Annual %)

8.94

11.79

-24.17%

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

Last update for Miraflores: October 11, 2026

Last update for Monterrey: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Miraflores

$524 46.9%

Monterrey

$664 41.3% 26.6% $140

Groceries & Markets

Miraflores

$202 18.1%

Monterrey

$310 19.3% 53.6% $108

Eating Out

Miraflores

$118 10.6%

Monterrey

$225 14% 89.7% $106

Clothing & Footwear

Miraflores

$113 10.1%

Monterrey

$154 9.6% 35.5% $40

Monthly Utilities & Internet

Miraflores

$95 8.5%

Monterrey

$172 10.7% 80.8% $77

Sport & Entertainment

Miraflores

$50 4.5%

Monterrey

$42 2.6% 16.5% $8.2

Getting Around

Miraflores

$15 * 1.4%

Monterrey

$42 2.6% 173% $26

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

Cost Breakdown

A central one-bedroom costs $662 in Miraflores versus $970 in Monterrey. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $35.00 in Miraflores versus $50.0 in Monterrey. Monthly groceries follow the same trend: $202 vs $310 – making Miraflores the more affordable choice for daily food spending.

Good to know

🇵🇪 Miraflores

🇲🇽 Monterrey

🕒 Local time

08:56 8:56 AM

07:56 7:56 AM

1 h behind Miraflores

🌤 Weather

👥 Population

99,337

1,142,994

💱 Currency

Peruvian Sol PEN S/

Mexican Peso MXN $

📈 Exchange rate

1 PEN = 0.291 USD

1 PEN = 0.259 EUR

100 MXN = 5.41 USD

100 MXN = 4.81 EUR

Exchange rates and currency converter

MXN, USD, EUR to PEN – Peruvian Sol Converter

🇺🇸 United States Dollar ($)

🇵🇪 Peruvian Sol (S/)

Peruvian Sol exchange rates as of October 17, 2026: 1 USD = 3.43 PEN (1 PEN = 0.291 USD). 1 EUR = 3.86 PEN (1 PEN = 0.259 EUR).

Mexican Peso exchange rates as of October 17, 2026: 1 USD = 18.48 MXN (100 MXN = 5.41 USD). 1 EUR = 20.78 MXN (100 MXN = 4.81 EUR).

USD to PEN in detail →

On the map

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Highest

Between locations

Miraflores Monterrey 4,900 km ≈ 7 h nonstop flight

From you

Miraflores
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

Miraflores vs Monterrey: Cost of Living - Frequently Asked Questions

Yes – Monterrey is pricier by about 44%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $1,678 per month in Miraflores and $2,412 in Monterrey. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Miraflores, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $35.00 in Miraflores and $50.0 in Monterrey. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 54% more in Monterrey, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $1,500 monthly budget goes further in Miraflores, where all-in costs run around $1,118, than in Monterrey at $1,608. In Miraflores it covers expenses comfortably, while in Monterrey it requires careful planning or may not stretch far enough.

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

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

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