Last update: Nov 2026

Cost of Living Comparison Between Monterrey and New Providence

For one person, living is cheaper in Monterrey: $1,641 a month against $2,179 in New Providence, rent and utilities included – about $6,500 less a year. The total is higher in New Providence despite lower rent and utilities.

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Cost of Living Index in Monterrey
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Monterrey Living Index

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Monterrey

🇲🇽 Mexico

$1,641

/mo nomad

New Providence

🇧🇸 Bahamas

$2,179

/mo nomad

Monthly Cost of Living

How much you'll spend in Monterrey and in New Providence

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 New Providence actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,641 in Monterrey versus $2,179 in New Providence.

Monterrey $1,641
New Providence $2,179

Estimated couple costs with rent: $2,573 in Monterrey versus $5,251 in New Providence.

Monterrey $2,573
New Providence $5,251

Monthly costs for a family of three with rent: $3,504 in Monterrey versus $8,323 in New Providence.

Monterrey $3,504
New Providence $8,323

Living in Monterrey costs roughly 25% less than in New Providence, and outside of rent the biggest gap is in eating out.

Both cities are pricier than the global median: Monterrey 21% above, New Providence 61% above.

Meal at Budget Restaurant

$13.37 MX$250

$75.2 BSD 75.2

-82.23%

Three-Course Dinner for Two, Mid-Range

$47.95 MX$897

$152 BSD 152

-68.44%

Fast Food Meal (McDonalds, etc)

$10.79 MX$202

Cappuccino

$3.77 MX$70.4

$5.57 BSD 5.57

-32.32%

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

$1.51 MX$28.26

Water (0.33 liter bottle)

$1.03 MX$19.25

Local Beer (0.5 liter draught)

$2.48 MX$46.41

Imported Beer (0.33 liter bottle)

$4.36 MX$81.5

Milk (1 liter)

$1.89 MX$35.43

$2.16 BSD 2.16

-12.50%

White Bread (500g)

$2.85 MX$53.3

$4.90 BSD 4.90

-41.84%

Rice (white) (1kg)

$1.86 MX$34.71

$4.85 BSD 4.85

-61.65%

Eggs

$2.47 MX$46.12

$10.07 BSD 10.07

-75.47%

Local Cheese (1kg)

$11.81 MX$221

$19.79 BSD 19.79

-40.32%

Chicken Fillets (1kg)

$8.97 MX$168

$10.19 BSD 10.19

-11.97%

Beef Round Steak (1kg)

$12.57 MX$235

$20.32 BSD 20.32

-38.14%

Apples (1kg)

$3.20 MX$59.8

$4.53 BSD 4.53

-29.36%

Banana (1kg)

$1.50 MX$28.12

$6.17 BSD 6.17

-75.69%

Oranges (1kg)

$2.12 MX$39.74

$6.90 BSD 6.90

-69.28%

Tomato (1kg)

$2.33 MX$43.64

$3.91 BSD 3.91

-40.41%

Potato (1kg)

$2.22 MX$41.58

$3.99 BSD 3.99

-44.36%

Onion (1kg)

$2.58 MX$48.34

$2.93 BSD 2.93

-11.95%

Lettuce (1 head)

$1.45 MX$27.04

$3.09 BSD 3.09

-53.07%

Water (1.5 liter bottle)

$1.22 MX$22.85

$3.02 BSD 3.02

-59.60%

Cigarettes 20 Pack (Marlboro, Camel)

$4.80 MX$89.7

$14.89 BSD 14.89

-67.76%

Wine (Bottle)

$13.30 MX$249

$25.50 BSD 25.50

-47.84%

Local Beer (0.5 liter bottle)

$1.93 MX$36.14

$3.72 BSD 3.72

-48.12%

Imported Beer (0.33 liter bottle)

$2.86 MX$53.4

$4.06 BSD 4.06

-29.56%

One-way Ticket (Public Transport)

$0.80 MX$14.94

Public Transport Monthly Pass (Regular Price)

$30.94 MX$579

Taxi Start (Normal Tariff)

$1.83 MX$34.28

Taxi (Normal Tariff) (1km)

$1.06 MX$19.78

Taxi 1hour Waiting (Normal Tariff)

$10.82 MX$202

Gasoline (1 liter)

$1.47 MX$27.54

$1.81 BSD 1.81

-18.78%

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

$24.1K MX$450.4K

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

$23.5K MX$440.2K

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

$115 MX$2,144

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

$26.37 MX$493

$39.54 BSD 39.54

-33.31%

Internet (50+ Mbps, Unlimited Data)

$25.70 MX$481

$99.9 BSD 99.9

-74.28%

Gym Membership (Monthly)

$30.53 MX$571

$74.4 BSD 74.4

-58.97%

Tennis Court (1 Hour on Weekend)

$21.27 MX$398

Cinema Ticket

$4.96 MX$92.8

$15.11 BSD 15.11

-67.17%

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

$679 MX$12.7K

$1,503 BSD 1,503

-54.84%

International Primary School, 1 Child (Yearly)

$14.2K MX$265.3K

$15.1K BSD 15.1K

-6.05%

Jeans (Levis 501 Or Similar)

$72.2 MX$1,350

Summer Dress (H&M, Zara, etc)

$41.94 MX$784

Sport Shoes (Adidas, Nike)

$107 MX$2,011

Men's Leather Business Shoes

$119 MX$2,219

1-bedroom Apartment, City Center (Monthly)

$1,018 MX$19.0K

$1,473 BSD 1,473

-30.94%

1-bedroom Apartment, Outside City Center (Monthly)

$722 MX$13.5K

$714 BSD 714

1.10%

3-bedroom Apartment, City Center (Monthly)

$1,966 MX$36.8K

3-bedroom Apartment, Outside City Center (Monthly)

$1,416 MX$26.5K

$4,422 BSD 4,422

-67.99%

Buy Apartment in City Center (m2)

$4,203 MX$78.6K

Buy Apartment Outside City Center (m2)

$2,782 MX$52.0K

Average Monthly Net Salary (After Tax)

$1,096 MX$20.5K

20-Year Fixed Mortgage Interest Rate (Annual %)

11.79

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

Last update for Monterrey: November 2, 2026

Last update for New Providence: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Monterrey

$722 44%

New Providence

–

Groceries & Markets

Monterrey

$302 18.4%

New Providence

–

Eating Out

Monterrey

$216 13.2%

New Providence

–

Monthly Utilities & Internet

Monterrey

$167 10.2%

New Providence

–

Clothing & Footwear

Monterrey

$153 9.3%

New Providence

–

Getting Around

Monterrey

$41 2.5%

New Providence

–

Sport & Entertainment

Monterrey

$40 2.5%

New Providence

–

Cost Breakdown

A one-bedroom apartment in the center runs $1,018 in Monterrey and $1,473 in New Providence. Housing cost is often the main lever when comparing two cities.

Dining out: $48 in Monterrey vs $152 in New Providence for a mid-range dinner for two. Groceries echo the gap at $302 vs $553 per month, with Monterrey cheaper across the board.

Good to know

🇲🇽 Monterrey

🇧🇸 New Providence

🕒 Local time

15:21 3:21 PM

16:21 4:21 PM

1 h ahead of Monterrey

🌤 Weather

👥 Population

1,142,994

296,522

💱 Currency

Mexican Peso MXN $

Bahamian Dollar BSD $

📈 Exchange rate

100 MXN = 5.35 USD

100 MXN = 4.78 EUR

1 BSD = 1 USD

1 BSD = 0.895 EUR

Exchange rates and currency converter

BSD, 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).

Bahamian Dollar exchange rates as of November 6, 2026: 1 USD = 1 BSD (1 BSD = 1 USD). 1 EUR = 1.12 BSD (1 BSD = 0.895 EUR).

USD to MXN in detail →

On the map

Lowest

Highest

Between locations

Monterrey New Providence 2,310 km ≈ 3 h 30 min nonstop flight

From you

Monterrey
New Providence

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 New Providence: Cost of Living - Frequently Asked Questions

Total monthly costs including rent come to $1,641 in Monterrey and $2,179 in New Providence, so Monterrey is about 25% cheaper – a gap that matters a lot on a fixed or modest income.

You’d need roughly $2,461 in Monterrey and $3,269 in New Providence 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 $1,473 in New Providence. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $679 in Monterrey versus $1,503 in New Providence. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Dining out is cheaper in Monterrey – a meal for two runs $48 versus $152 in New Providence. If you eat out regularly, this makes a real dent in your monthly spending.

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.