Last update: Oct 2026

Cost of Living Comparison Between Monterrey and Memphis, TN

For one person, living is cheaper in Monterrey: $1,607 a month against $2,484 in Memphis, TN, rent and utilities included – about $10,500 less a year. Rent and utilities account for most of the difference.

79

Cost of Living Index in Monterrey
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Monterrey Living Index
121

Cost of Living Index in Memphis, TN
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Memphis, TN Living Index

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Monterrey

🇲🇽 Mexico

$1,607

/mo nomad

Memphis, TN

🇺🇸 United States

$2,484

/mo nomad

Monthly Cost of Living

How much you'll spend in Monterrey and in Memphis, TN

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 Memphis, TN actually costs, broken down by who's living it.

A single person spends $1,607 per month in Monterrey vs $2,484 in Memphis, TN, rent included.

Monterrey $1,607
Memphis, TN $2,484

A couple spends around $2,512 per month in Monterrey vs $3,630 in Memphis, TN, rent included.

Monterrey $2,512
Memphis, TN $3,630

A family of three spends $3,417 per month in Monterrey vs $4,775 in Memphis, TN, rent included.

Monterrey $3,417
Memphis, TN $4,775

Monterrey is about 35% cheaper than Memphis, TN, and outside of rent the biggest gap is in utilities.

Both Monterrey and Memphis, TN sit above the global median – Monterrey by 20%, Memphis, TN by 85%.

Meal at Budget Restaurant

$13.75 MX$252

$17.83 $17.83

-22.88%

Three-Course Dinner for Two, Mid-Range

$50.2 MX$921

$74.9 $74.9

-33.00%

Fast Food Meal (McDonalds, etc)

$11.13 MX$204

$12.10 $12.10

-8.02%

Cappuccino

$4.04 MX$74.2

$5.56 $5.56

-27.34%

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

$1.70 MX$31.29

$2.39 $2.39

-28.87%

Water (0.33 liter bottle)

$0.99 MX$18.17

$1.97 $1.97

-49.75%

Local Beer (0.5 liter draught)

$2.41 MX$44.21

$7.18 $7.18

-66.43%

Imported Beer (0.33 liter bottle)

$4.48 MX$82.3

$8.23 $8.23

-45.57%

Milk (1 liter)

$1.92 MX$35.31

$0.90 $0.90

113.33%

White Bread (500g)

$2.89 MX$53.1

$3.14 $3.14

-7.96%

Rice (white) (1kg)

$1.94 MX$35.67

$4.01 $4.01

-51.62%

Eggs

$2.50 MX$45.90

$3.78 $3.78

-33.86%

Local Cheese (1kg)

$12.30 MX$226

$13.45 $13.45

-8.55%

Chicken Fillets (1kg)

$9.33 MX$171

$11.36 $11.36

-17.87%

Beef Round Steak (1kg)

$13.07 MX$240

$19.44 $19.44

-32.77%

Apples (1kg)

$3.38 MX$62.1

$5.73 $5.73

-41.01%

Banana (1kg)

$1.58 MX$29.02

$1.77 $1.77

-10.73%

Oranges (1kg)

$2.20 MX$40.45

$6.00 $6.00

-63.33%

Tomato (1kg)

$2.45 MX$44.89

$4.83 $4.83

-49.28%

Potato (1kg)

$2.26 MX$41.47

$3.22 $3.22

-29.81%

Onion (1kg)

$2.74 MX$50.4

$4.18 $4.18

-34.45%

Lettuce (1 head)

$1.53 MX$28.09

$2.56 $2.56

-40.23%

Water (1.5 liter bottle)

$1.26 MX$23.16

$2.13 $2.13

-40.85%

Cigarettes 20 Pack (Marlboro, Camel)

$4.84 MX$88.9

$10.63 $10.63

-54.47%

Wine (Bottle)

$13.59 MX$249

$12.87 $12.87

5.59%

Local Beer (0.5 liter bottle)

$1.91 MX$35.01

$1.79 $1.79

6.70%

Imported Beer (0.33 liter bottle)

$3.06 MX$56.3

$1.64 $1.64

86.59%

One-way Ticket (Public Transport)

$0.80 MX$14.60

$0.97 $0.97

-17.53%

Public Transport Monthly Pass (Regular Price)

$31.77 MX$583

$39.19 $39.19

-18.93%

Taxi Start (Normal Tariff)

$1.62 MX$29.78

$1.94 $1.94

-16.49%

Taxi (Normal Tariff) (1km)

$1.10 MX$20.17

$1.41 $1.41

-21.99%

Taxi 1hour Waiting (Normal Tariff)

$10.97 MX$201

$19.61 $19.61

-44.06%

Gasoline (1 liter)

$1.52 MX$27.93

$0.99 $0.99

53.54%

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

$21.4K MX$392.4K

$37.4K $37.4K

-42.91%

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

$25.5K MX$467.6K

$26.8K $26.8K

-4.95%

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

$120 MX$2,198

$186 $186

-35.67%

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

$27.08 MX$497

$86.8 $86.8

-68.78%

Internet (50+ Mbps, Unlimited Data)

$26.70 MX$490

$76.2 $76.2

-64.97%

Gym Membership (Monthly)

$31.15 MX$572

$31.38 $31.38

-0.73%

Tennis Court (1 Hour on Weekend)

$21.95 MX$403

$16.72 $16.72

31.28%

Cinema Ticket

$5.14 MX$94.4

$15.15 $15.15

-66.07%

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

$688 MX$12.6K

$1,722 $1,722

-60.05%

International Primary School, 1 Child (Yearly)

$11.4K MX$209.8K

$25.0K $25.0K

-54.28%

Jeans (Levis 501 Or Similar)

$71.9 MX$1,321

$47.26 $47.26

52.20%

Summer Dress (H&M, Zara, etc)

$43.30 MX$795

$33.34 $33.34

29.87%

Sport Shoes (Adidas, Nike)

$112 MX$2,059

$82.7 $82.7

35.64%

Men's Leather Business Shoes

$122 MX$2,236

$152 $152

-20.00%

1-bedroom Apartment, City Center (Monthly)

$957 MX$17.6K

$1,495 $1,495

-35.97%

1-bedroom Apartment, Outside City Center (Monthly)

$670 MX$12.3K

$1,157 $1,157

-42.08%

3-bedroom Apartment, City Center (Monthly)

$1,887 MX$34.7K

$2,080 $2,080

-9.28%

3-bedroom Apartment, Outside City Center (Monthly)

$1,305 MX$24.0K

$1,884 $1,884

-30.75%

Buy Apartment in City Center (m2)

$4,159 MX$76.4K

$1,781 $1,781

133.46%

Buy Apartment Outside City Center (m2)

$2,437 MX$44.7K

$1,364 $1,364

78.73%

Average Monthly Net Salary (After Tax)

$1,133 MX$20.8K

$3,648 $3,648

-68.94%

20-Year Fixed Mortgage Interest Rate (Annual %)

11.79

6.6

78.64%

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

Last update for Monterrey: October 4, 2026

Last update for Memphis, TN: October 6, 2026

Monthly budget structure

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

Accommodation & Living

Monterrey

$670 41.4%

Memphis, TN

$1.2K 46.6% 72.7% $487

Groceries & Markets

Monterrey

$312 19.3%

Memphis, TN

$406 16.4% 30% $94

Eating Out

Monterrey

$224 13.8%

Memphis, TN

$316 12.7% 41% $92

Monthly Utilities & Internet

Monterrey

$174 10.7%

Memphis, TN

$349 14.1% 101% $176

Clothing & Footwear

Monterrey

$157 9.7%

Memphis, TN

$142 5.7% 9.6% $15

Getting Around

Monterrey

$42 2.6%

Memphis, TN

$52 2.1% 23.8% $10

Sport & Entertainment

Monterrey

$41 2.6%

Memphis, TN

$62 2.5% 48.9% $20

Cost Breakdown

A central one-bedroom costs $957 in Monterrey versus $1,495 in Memphis, TN. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 222% higher in Memphis, TN, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $50.0 in Monterrey versus $75.0 in Memphis, TN. Monthly groceries follow the same trend: $312 vs $406 – making Monterrey the more affordable choice for daily food spending.

Good to know

🇲🇽 Monterrey

🇺🇸 Memphis, TN

🕒 Local time

06:10 6:10 AM

07:10 7:10 AM

1 h ahead of Monterrey

🌤 Weather

👥 Population

1,142,994

633,104

💱 Currency

Mexican Peso MXN $

United States Dollar USD $

📈 Exchange rate

100 MXN = 5.45 USD

100 MXN = 4.86 EUR

1 USD = 0.892 EUR

Exchange rates and currency converter

USD, EUR to MXN – Mexican Peso Converter

🇺🇸 United States Dollar ($)

🇲🇽 Mexican Peso ($)

Mexican Peso exchange rates as of October 10, 2026: 1 USD = 18.36 MXN (100 MXN = 5.45 USD). 1 EUR = 20.57 MXN (100 MXN = 4.86 EUR).

United States Dollar exchange rates as of October 10, 2026: 1 EUR = 1.12 USD (1 USD = 0.892 EUR).

USD to MXN in detail →

On the map

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Highest

Between locations

Monterrey Memphis, TN 1,440 km ≈ 2 h 15 min nonstop flight

From you

Monterrey
Memphis, TN

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 Memphis, TN: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $1,607 in Monterrey, $2,484 in Memphis, TN – roughly 55% apart. Outside of rent, the biggest gap is in utilities.

For a comfortable life, plan on about $2,411 per month in Monterrey and $3,726 in Memphis, TN. 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. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Public transport costs about 23% less in Monterrey. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $688 per month in Monterrey and $1,722 in Memphis, TN. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $3,000 monthly budget goes further in Monterrey, where all-in costs run around $1,607, than in Memphis, TN at $2,484. In Monterrey it covers expenses comfortably, while in Memphis, TN it requires careful planning or may not stretch far enough.

It depends on your priorities. Monterrey has an edge in some lifestyle areas, with costs from $1,607 in Monterrey to $2,484 in Memphis, TN. Climate, culture, job market, and personal taste all factor in.

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