Last update: Nov 2026

Cost of Living Comparison Between Monterrey and Providenciales

For one person, living is cheaper in Monterrey: $1,641 a month against $3,299 in Providenciales, rent and utilities included – about $19,900 less a year. Rent and utilities account for most of the difference.

78

Cost of Living Index in Monterrey
Learn more

Monterrey Living Index

Jump to prices

Providenciales, Turks and Caicos Islands

Monterrey

🇲🇽 Mexico

$1,641

/mo nomad

Providenciales

🇹🇨 Turks and Caicos Islands

$3,299

/mo nomad

Monthly Cost of Living

How much you'll spend in Monterrey and in Providenciales

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

Monthly costs for one person with rent: $1,641 in Monterrey versus $3,299 in Providenciales.

Monterrey $1,641
Providenciales $3,299

Estimated couple costs with rent: $2,573 in Monterrey versus $6,854 in Providenciales.

Monterrey $2,573
Providenciales $6,854

Monthly costs for a family of three with rent: $3,504 in Monterrey versus $10.4K in Providenciales.

Monterrey $3,504
Providenciales $10.4K

Living in Monterrey costs roughly 50% less than in Providenciales, and outside of rent the biggest gap is in utilities.

Both cities are pricier than the global median: Monterrey 21% above, Providenciales 144% above.

Meal at Budget Restaurant

$13.37 MX$250

$16.28 $16.28

-17.87%

Three-Course Dinner for Two, Mid-Range

$47.95 MX$897

$239 $239

-79.91%

Fast Food Meal (McDonalds, etc)

$10.79 MX$202

$10.91 $10.91

-1.10%

Cappuccino

$3.77 MX$70.4

$6.03 $6.03

-37.48%

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

$1.51 MX$28.26

$2.93 $2.93

-48.46%

Water (0.33 liter bottle)

$1.03 MX$19.25

$2.57 $2.57

-59.92%

Local Beer (0.5 liter draught)

$2.48 MX$46.41

$5.08 $5.08

-51.18%

Imported Beer (0.33 liter bottle)

$4.36 MX$81.5

$6.92 $6.92

-36.99%

Milk (1 liter)

$1.89 MX$35.43

$5.88 $5.88

-67.86%

White Bread (500g)

$2.85 MX$53.3

$6.16 $6.16

-53.73%

Rice (white) (1kg)

$1.86 MX$34.71

$5.07 $5.07

-63.31%

Eggs

$2.47 MX$46.12

Local Cheese (1kg)

$11.81 MX$221

Chicken Fillets (1kg)

$8.97 MX$168

$20.10 $20.10

-55.37%

Beef Round Steak (1kg)

$12.57 MX$235

$18.14 $18.14

-30.71%

Apples (1kg)

$3.20 MX$59.8

$3.97 $3.97

-19.40%

Banana (1kg)

$1.50 MX$28.12

$2.36 $2.36

-36.44%

Oranges (1kg)

$2.12 MX$39.74

$2.54 $2.54

-16.54%

Tomato (1kg)

$2.33 MX$43.64

Potato (1kg)

$2.22 MX$41.58

Onion (1kg)

$2.58 MX$48.34

$1.98 $1.98

30.30%

Lettuce (1 head)

$1.45 MX$27.04

Water (1.5 liter bottle)

$1.22 MX$22.85

Cigarettes 20 Pack (Marlboro, Camel)

$4.80 MX$89.7

Wine (Bottle)

$13.30 MX$249

$19.96 $19.96

-33.37%

Local Beer (0.5 liter bottle)

$1.93 MX$36.14

Imported Beer (0.33 liter bottle)

$2.86 MX$53.4

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

$2.92 $2.92

-37.33%

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

$2.29 $2.29

-35.81%

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

$69.9 $69.9

-62.27%

Internet (50+ Mbps, Unlimited Data)

$25.70 MX$481

$161 $161

-84.01%

Gym Membership (Monthly)

$30.53 MX$571

Tennis Court (1 Hour on Weekend)

$21.27 MX$398

Cinema Ticket

$4.96 MX$92.8

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

$679 MX$12.7K

International Primary School, 1 Child (Yearly)

$14.2K MX$265.3K

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

$1,748 $1,748

-41.80%

1-bedroom Apartment, Outside City Center (Monthly)

$722 MX$13.5K

$2,386 $2,386

-69.75%

3-bedroom Apartment, City Center (Monthly)

$1,966 MX$36.8K

$5,510 $5,510

-64.31%

3-bedroom Apartment, Outside City Center (Monthly)

$1,416 MX$26.5K

$7,423 $7,423

-80.93%

Buy Apartment in City Center (m2)

$4,203 MX$78.6K

Buy Apartment Outside City Center (m2)

$2,782 MX$52.0K

$2,138 $2,138

30.11%

Average Monthly Net Salary (After Tax)

$1,096 MX$20.5K

$2,616 $2,616

-58.12%

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 Providenciales: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Monterrey

$722 44%

Providenciales

–

Groceries & Markets

Monterrey

$302 18.4%

Providenciales

–

Eating Out

Monterrey

$216 13.2%

Providenciales

–

Monthly Utilities & Internet

Monterrey

$167 10.2%

Providenciales

–

Clothing & Footwear

Monterrey

$153 9.3%

Providenciales

–

Getting Around

Monterrey

$41 2.5%

Providenciales

–

Sport & Entertainment

Monterrey

$40 2.5%

Providenciales

–

Cost Breakdown

A one-bedroom apartment in the center runs $1,018 in Monterrey and $1,748 in Providenciales. Housing cost is often the main lever when comparing two cities.

Providenciales pays about 2.4 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $48 in Monterrey vs $239 in Providenciales for a mid-range dinner for two. Groceries echo the gap at $302 vs $384 per month, with Monterrey cheaper across the board.

Good to know

🇲🇽 Monterrey

🇹🇨 Providenciales

🕒 Local time

15:16 3:16 PM

16:16 4:16 PM

1 h ahead of Monterrey

🌤 Weather

👥 Population

1,142,994

23,769

💱 Currency

Mexican Peso MXN $

United States Dollar USD $

📈 Exchange rate

100 MXN = 5.35 USD

100 MXN = 4.78 EUR

1 USD = 0.895 EUR

Exchange rates and currency converter

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).

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

USD to MXN in detail →

On the map

Lowest

Highest

Between locations

Monterrey Providenciales 2,880 km ≈ 4 h nonstop flight

From you

Monterrey
Providenciales

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 Providenciales: Cost of Living - Frequently Asked Questions

Total monthly costs including rent come to $1,641 in Monterrey and $3,299 in Providenciales, so Monterrey is about 50% cheaper – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 58% lower in Monterrey. That’s worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $1,018 in Monterrey versus $1,748 in Providenciales. Housing is usually the single largest factor when comparing overall living costs between the two.

Dining out is cheaper in Monterrey – a meal for two runs $48 versus $239 in Providenciales. If you eat out regularly, this makes a real dent in your monthly spending.

All in, you’ll spend $1,641 per month in Monterrey versus $3,299 in Providenciales – Monterrey is about 50% cheaper, which adds up to real savings over time.

At $1,641 in Monterrey versus $3,299 in Providenciales, a $3,000 budget is realistic in Monterrey but tight or insufficient in Providenciales. The gap between the two cities makes Monterrey the clear choice for anyone on this budget.

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.

It comes down to priorities – Monterrey wins on affordability, Providenciales on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.