Last update: Nov 2026

Cost of Living Comparison Between Monterrey and Traverse City, MI

For one person, living is cheaper in Monterrey: $1,641 a month against $2,657 in Traverse City, MI, rent and utilities included – about $12,200 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
129

Cost of Living Index in Traverse City, MI
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Traverse City, MI Living Index

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Monterrey

🇲🇽 Mexico

$1,641

/mo nomad

Traverse City, MI

🇺🇸 United States

$2,657

/mo nomad

Monthly Cost of Living

How much you'll spend in Monterrey and in Traverse City, MI

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 Traverse City, MI actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,641 in Monterrey versus $2,657 in Traverse City, MI.

Monterrey $1,641
Traverse City, MI $2,657

Estimated couple costs with rent: $2,573 in Monterrey versus $3,966 in Traverse City, MI.

Monterrey $2,573
Traverse City, MI $3,966

Monthly costs for a family of three with rent: $3,504 in Monterrey versus $5,274 in Traverse City, MI.

Monterrey $3,504
Traverse City, MI $5,274

Living in Monterrey costs roughly 38% less than in Traverse City, MI, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Monterrey 21% above, Traverse City, MI 97% above.

Meal at Budget Restaurant

$13.37 MX$249

$21.91 $21.91

-38.98%

Three-Course Dinner for Two, Mid-Range

$47.95 MX$892

$77.6 $77.6

-38.22%

Fast Food Meal (McDonalds, etc)

$10.79 MX$201

$11.36 $11.36

-5.02%

Cappuccino

$3.77 MX$70.0

$4.61 $4.61

-18.22%

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

$1.51 MX$28.09

$2.50 $2.50

-39.60%

Water (0.33 liter bottle)

$1.03 MX$19.14

$2.29 $2.29

-55.02%

Local Beer (0.5 liter draught)

$2.48 MX$46.14

$5.36 $5.36

-53.73%

Imported Beer (0.33 liter bottle)

$4.36 MX$81.0

$7.89 $7.89

-44.74%

Milk (1 liter)

$1.89 MX$35.23

$0.72 $0.72

162.50%

White Bread (500g)

$2.85 MX$53.0

$3.06 $3.06

-6.86%

Rice (white) (1kg)

$1.86 MX$34.52

$4.30 $4.30

-56.74%

Eggs

$2.47 MX$45.86

$2.69 $2.69

-8.18%

Local Cheese (1kg)

$11.81 MX$220

$18.80 $18.80

-37.18%

Chicken Fillets (1kg)

$8.97 MX$167

$12.40 $12.40

-27.66%

Beef Round Steak (1kg)

$12.57 MX$234

$21.68 $21.68

-42.02%

Apples (1kg)

$3.20 MX$59.4

$6.84 $6.84

-53.22%

Banana (1kg)

$1.50 MX$27.96

$1.38 $1.38

8.70%

Oranges (1kg)

$2.12 MX$39.52

$3.78 $3.78

-43.92%

Tomato (1kg)

$2.33 MX$43.39

$6.97 $6.97

-66.57%

Potato (1kg)

$2.22 MX$41.34

$2.74 $2.74

-18.98%

Onion (1kg)

$2.58 MX$48.07

$3.11 $3.11

-17.04%

Lettuce (1 head)

$1.45 MX$26.88

$2.29 $2.29

-36.68%

Water (1.5 liter bottle)

$1.22 MX$22.72

$2.62 $2.62

-53.44%

Cigarettes 20 Pack (Marlboro, Camel)

$4.80 MX$89.2

$5.92 $5.92

-18.92%

Wine (Bottle)

$13.30 MX$247

$14.73 $14.73

-9.71%

Local Beer (0.5 liter bottle)

$1.93 MX$35.93

$2.05 $2.05

-5.85%

Imported Beer (0.33 liter bottle)

$2.86 MX$53.1

$6.91 $6.91

-58.61%

One-way Ticket (Public Transport)

$0.80 MX$14.85

$6.12 $6.12

-86.93%

Public Transport Monthly Pass (Regular Price)

$30.94 MX$575

$29.42 $29.42

5.17%

Taxi Start (Normal Tariff)

$1.83 MX$34.08

Taxi (Normal Tariff) (1km)

$1.06 MX$19.66

Taxi 1hour Waiting (Normal Tariff)

$10.82 MX$201

Gasoline (1 liter)

$1.47 MX$27.39

$0.95 $0.95

54.74%

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

$24.1K MX$447.9K

$35.7K $35.7K

-32.47%

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

$23.5K MX$437.7K

$25.3K $25.3K

-7.04%

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

$115 MX$2,132

$116 $116

-0.77%

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

$26.37 MX$490

$36.67 $36.67

-28.09%

Internet (50+ Mbps, Unlimited Data)

$25.70 MX$478

$66.2 $66.2

-61.17%

Gym Membership (Monthly)

$30.53 MX$568

$62.8 $62.8

-51.36%

Tennis Court (1 Hour on Weekend)

$21.27 MX$396

Cinema Ticket

$4.96 MX$92.2

$9.91 $9.91

-49.95%

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

$679 MX$12.6K

$1,039 $1,039

-34.68%

International Primary School, 1 Child (Yearly)

$14.2K MX$263.8K

$10.3K $10.3K

37.71%

Jeans (Levis 501 Or Similar)

$72.2 MX$1,343

$59.1 $59.1

22.17%

Summer Dress (H&M, Zara, etc)

$41.94 MX$780

$41.81 $41.81

0.31%

Sport Shoes (Adidas, Nike)

$107 MX$1,999

$99.9 $99.9

7.64%

Men's Leather Business Shoes

$119 MX$2,207

$87.6 $87.6

35.46%

1-bedroom Apartment, City Center (Monthly)

$1,018 MX$18.9K

$1,947 $1,947

-47.73%

1-bedroom Apartment, Outside City Center (Monthly)

$722 MX$13.4K

$1,396 $1,396

-48.33%

3-bedroom Apartment, City Center (Monthly)

$1,966 MX$36.6K

$3,875 $3,875

-49.26%

3-bedroom Apartment, Outside City Center (Monthly)

$1,416 MX$26.3K

$2,360 $2,360

-40.03%

Buy Apartment in City Center (m2)

$4,203 MX$78.2K

$3,425 $3,425

22.71%

Buy Apartment Outside City Center (m2)

$2,782 MX$51.7K

$3,347 $3,347

-16.88%

Average Monthly Net Salary (After Tax)

$1,096 MX$20.4K

$2,719 $2,719

-59.69%

20-Year Fixed Mortgage Interest Rate (Annual %)

11.79

6.32

86.55%

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

Last update for Monterrey: November 2, 2026

Last update for Traverse City, MI: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Monterrey

$722 44%

Traverse City, MI

$1.4K 52.5% 93.5% $675

Groceries & Markets

Monterrey

$302 18.4%

Traverse City, MI

$450 16.9% 49% $148

Eating Out

Monterrey

$216 13.2%

Traverse City, MI

$326 12.3% 51.3% $111

Monthly Utilities & Internet

Monterrey

$167 10.2%

Traverse City, MI

$218 8.2% 31% $52

Clothing & Footwear

Monterrey

$153 9.3%

Traverse City, MI

$130 4.9% 15.3% $23

Getting Around

Monterrey

$41 2.5%

Traverse City, MI

$54 * 2% 30.6% $13

Sport & Entertainment

Monterrey

$40 2.5%

Traverse City, MI

$83 3.1% 104% $42

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

Cost Breakdown

A one-bedroom apartment in the center runs $1,018 in Monterrey and $1,947 in Traverse City, MI. Housing cost is often the main lever when comparing two cities.

Traverse City, MI pays about 2.5 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $48 in Monterrey vs $78 in Traverse City, MI for a mid-range dinner for two. Groceries echo the gap at $302 vs $450 per month, with Monterrey cheaper across the board.

Good to know

🇲🇽 Monterrey

🇺🇸 Traverse City, MI

🕒 Local time

20:59 8:59 PM

21:59 9:59 PM

1 h ahead of Monterrey

🌤 Weather

👥 Population

1,142,994

15,678

💱 Currency

Mexican Peso MXN $

United States Dollar USD $

📈 Exchange rate

100 MXN = 5.38 USD

100 MXN = 4.81 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 7, 2026: 1 USD = 18.6 MXN (100 MXN = 5.38 USD). 1 EUR = 20.78 MXN (100 MXN = 4.81 EUR).

United States Dollar exchange rates as of November 7, 2026: 1 EUR = 1.12 USD (1 USD = 0.895 EUR).

USD to MXN in detail →

On the map

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Highest

Between locations

Monterrey Traverse City, MI 2,500 km ≈ 3 h 30 min nonstop flight

From you

Monterrey
Traverse City, MI

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 Traverse City, MI: Cost of Living - Frequently Asked Questions

Total monthly costs including rent come to $1,641 in Monterrey and $2,657 in Traverse City, MI, so Monterrey is about 38% cheaper – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 60% 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 $1,947 in Traverse City, MI. 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 $78 in Traverse City, MI. 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 $2,657 in Traverse City, MI – Monterrey is about 38% cheaper, which adds up to real savings over time.

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.

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