Last update: Nov 2026

Cost of Living Comparison Between Monterrey and Elliot Lake, ON

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.

78

Cost of Living Index in Monterrey
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Monterrey Living Index
109

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

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Monterrey

🇲🇽 Mexico

$1,641

/mo nomad

Elliot Lake, ON

🇨🇦 Canada

$2,395

/mo nomad

Monthly Cost of Living

How much you'll spend in Monterrey and in Elliot Lake, ON

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

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

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

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

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

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

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

Living in Monterrey costs roughly 31% less than in Elliot Lake, ON, and outside of rent the biggest gap is in groceries.

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

Meal at Budget Restaurant

$13.37 MX$250

$17.55 CA$24.69

-23.82%

Three-Course Dinner for Two, Mid-Range

$47.95 MX$897

$65.2 CA$91.6

-26.41%

Fast Food Meal (McDonalds, etc)

$10.79 MX$202

$10.91 CA$15.35

-1.10%

Cappuccino

$3.77 MX$70.4

$3.27 CA$4.60

15.29%

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

$1.51 MX$28.26

$2.08 CA$2.93

-27.40%

Water (0.33 liter bottle)

$1.03 MX$19.25

$1.63 CA$2.29

-36.81%

Local Beer (0.5 liter draught)

$2.48 MX$46.41

$5.40 CA$7.59

-54.07%

Imported Beer (0.33 liter bottle)

$4.36 MX$81.5

$5.64 CA$7.94

-22.70%

Milk (1 liter)

$1.89 MX$35.43

$2.35 CA$3.31

-19.57%

White Bread (500g)

$2.85 MX$53.3

$2.65 CA$3.73

7.55%

Rice (white) (1kg)

$1.86 MX$34.71

$3.67 CA$5.16

-49.32%

Eggs

$2.47 MX$46.12

$3.08 CA$4.33

-19.81%

Local Cheese (1kg)

$11.81 MX$221

$9.56 CA$13.45

23.54%

Chicken Fillets (1kg)

$8.97 MX$168

$12.90 CA$18.15

-30.47%

Beef Round Steak (1kg)

$12.57 MX$235

$16.16 CA$22.73

-22.22%

Apples (1kg)

$3.20 MX$59.8

$4.22 CA$5.94

-24.17%

Banana (1kg)

$1.50 MX$28.12

$1.37 CA$1.92

9.49%

Oranges (1kg)

$2.12 MX$39.74

$3.68 CA$5.18

-42.39%

Tomato (1kg)

$2.33 MX$43.64

$3.73 CA$5.24

-37.53%

Potato (1kg)

$2.22 MX$41.58

$2.28 CA$3.21

-2.63%

Onion (1kg)

$2.58 MX$48.34

$2.42 CA$3.41

6.61%

Lettuce (1 head)

$1.45 MX$27.04

$2.68 CA$3.76

-45.90%

Water (1.5 liter bottle)

$1.22 MX$22.85

$1.74 CA$2.45

-29.89%

Cigarettes 20 Pack (Marlboro, Camel)

$4.80 MX$89.7

$16.07 CA$22.61

-70.13%

Wine (Bottle)

$13.30 MX$249

$12.84 CA$18.06

3.58%

Local Beer (0.5 liter bottle)

$1.93 MX$36.14

$3.03 CA$4.26

-36.30%

Imported Beer (0.33 liter bottle)

$2.86 MX$53.4

$3.17 CA$4.46

-9.78%

One-way Ticket (Public Transport)

$0.80 MX$14.94

$2.34 CA$3.28

-65.81%

Public Transport Monthly Pass (Regular Price)

$30.94 MX$579

$71.3 CA$100

-56.62%

Taxi Start (Normal Tariff)

$1.83 MX$34.28

$2.85 CA$4.01

-35.79%

Taxi (Normal Tariff) (1km)

$1.06 MX$19.78

$1.53 CA$2.15

-30.72%

Taxi 1hour Waiting (Normal Tariff)

$10.82 MX$202

$23.44 CA$32.96

-53.84%

Gasoline (1 liter)

$1.47 MX$27.54

$1.07 CA$1.51

37.38%

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

$24.1K MX$450.4K

$30.9K CA$43.5K

-22.16%

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

$23.5K MX$440.2K

$24.5K CA$34.5K

-3.93%

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

$115 MX$2,144

$157 CA$221

-27.20%

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

$26.37 MX$493

$37.24 CA$52.4

-29.19%

Internet (50+ Mbps, Unlimited Data)

$25.70 MX$481

$60.0 CA$84.3

-57.14%

Gym Membership (Monthly)

$30.53 MX$571

$40.80 CA$57.4

-25.17%

Tennis Court (1 Hour on Weekend)

$21.27 MX$398

$20.68 CA$29.09

2.85%

Cinema Ticket

$4.96 MX$92.8

$12.31 CA$17.31

-59.71%

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

$679 MX$12.7K

$546 CA$767

24.37%

International Primary School, 1 Child (Yearly)

$14.2K MX$265.3K

$13.1K CA$18.5K

8.04%

Jeans (Levis 501 Or Similar)

$72.2 MX$1,350

$54.4 CA$76.6

32.65%

Summer Dress (H&M, Zara, etc)

$41.94 MX$784

$43.50 CA$61.2

-3.59%

Sport Shoes (Adidas, Nike)

$107 MX$2,011

$94.7 CA$133

13.46%

Men's Leather Business Shoes

$119 MX$2,219

$92.4 CA$130

28.48%

1-bedroom Apartment, City Center (Monthly)

$1,018 MX$19.0K

$1,426 CA$2,005

-28.62%

1-bedroom Apartment, Outside City Center (Monthly)

$722 MX$13.5K

$1,218 CA$1,713

-40.75%

3-bedroom Apartment, City Center (Monthly)

$1,966 MX$36.8K

$1,946 CA$2,736

1.06%

3-bedroom Apartment, Outside City Center (Monthly)

$1,416 MX$26.5K

$1,653 CA$2,325

-14.38%

Buy Apartment in City Center (m2)

$4,203 MX$78.6K

$3,822 CA$5,374

9.97%

Buy Apartment Outside City Center (m2)

$2,782 MX$52.0K

$3,263 CA$4,588

-14.74%

Average Monthly Net Salary (After Tax)

$1,096 MX$20.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

11.79

4.68

151.92%

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

Last update for Monterrey: November 2, 2026

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

Monthly budget structure

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

Accommodation & Living

Monterrey

$722 44%

Elliot Lake, ON

$1.2K 50.9% 68.8% $496

Groceries & Markets

Monterrey

$302 18.4%

Elliot Lake, ON

$372 15.5% 23.1% $70

Eating Out

Monterrey

$216 13.2%

Elliot Lake, ON

$266 11.1% 23.1% $50

Monthly Utilities & Internet

Monterrey

$167 10.2%

Elliot Lake, ON

$255 10.6% 52.8% $88

Clothing & Footwear

Monterrey

$153 9.3%

Elliot Lake, ON

$128 5.4% 16.2% $25

Getting Around

Monterrey

$41 2.5%

Elliot Lake, ON

$91 3.8% 121% $50

Sport & Entertainment

Monterrey

$40 2.5%

Elliot Lake, ON

$65 2.7% 61.7% $25

Cost Breakdown

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

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

Good to know

🇲🇽 Monterrey

🇨🇦 Elliot Lake, ON

🕒 Local time

15:15 3:15 PM

16:15 4:15 PM

1 h ahead of Monterrey

🌤 Weather

👥 Population

1,142,994

10,741

💱 Currency

Mexican Peso MXN $

Canadian Dollar CAD $

📈 Exchange rate

100 MXN = 5.35 USD

100 MXN = 4.78 EUR

1 CAD = 0.711 USD

1 CAD = 0.636 EUR

Exchange rates and currency converter

CAD, USD, EUR to MXN – Mexican Peso Converter

🇺🇸 United States Dollar ($)

🇲🇽 Mexican Peso ($)

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).

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).

USD to MXN in detail →

On the map

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Between locations

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

From you

Monterrey
Elliot Lake, ON

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

Monterrey vs Elliot Lake, ON: 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 $2,461 in Monterrey and $3,592 in Elliot Lake, ON 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: $1,018 in Monterrey versus $1,426 in Elliot Lake, ON. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you’ll spend $1,641 per month in Monterrey versus $2,395 in Elliot Lake, ON – 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.