Last update: Nov 2026

Cost of Living Comparison Between New Providence and Monterrey

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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New Providence

🇧🇸 Bahamas

$2,179

/mo nomad

Monterrey

🇲🇽 Mexico

$1,641

/mo nomad

Monthly Cost of Living

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

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

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

New Providence $2,179
Monterrey $1,641

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

New Providence $5,251
Monterrey $2,573

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

New Providence $8,323
Monterrey $3,504

Living in New Providence is roughly 33% more expensive than in Monterrey, and outside of rent the biggest gap is in eating out.

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

Meal at Budget Restaurant

$75.2 BSD 75.2

$13.37 MX$250

462.60%

Three-Course Dinner for Two, Mid-Range

$152 BSD 152

$47.95 MX$897

216.83%

Fast Food Meal (McDonalds, etc)

$10.79 MX$202

Cappuccino

$5.57 BSD 5.57

$3.77 MX$70.4

47.75%

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)

$2.16 BSD 2.16

$1.89 MX$35.43

14.29%

White Bread (500g)

$4.90 BSD 4.90

$2.85 MX$53.3

71.93%

Rice (white) (1kg)

$4.85 BSD 4.85

$1.86 MX$34.71

160.75%

Eggs

$10.07 BSD 10.07

$2.47 MX$46.12

307.69%

Local Cheese (1kg)

$19.79 BSD 19.79

$11.81 MX$221

67.57%

Chicken Fillets (1kg)

$10.19 BSD 10.19

$8.97 MX$168

13.60%

Beef Round Steak (1kg)

$20.32 BSD 20.32

$12.57 MX$235

61.65%

Apples (1kg)

$4.53 BSD 4.53

$3.20 MX$59.8

41.56%

Banana (1kg)

$6.17 BSD 6.17

$1.50 MX$28.12

311.33%

Oranges (1kg)

$6.90 BSD 6.90

$2.12 MX$39.74

225.47%

Tomato (1kg)

$3.91 BSD 3.91

$2.33 MX$43.64

67.81%

Potato (1kg)

$3.99 BSD 3.99

$2.22 MX$41.58

79.73%

Onion (1kg)

$2.93 BSD 2.93

$2.58 MX$48.34

13.57%

Lettuce (1 head)

$3.09 BSD 3.09

$1.45 MX$27.04

113.10%

Water (1.5 liter bottle)

$3.02 BSD 3.02

$1.22 MX$22.85

147.54%

Cigarettes 20 Pack (Marlboro, Camel)

$14.89 BSD 14.89

$4.80 MX$89.7

210.21%

Wine (Bottle)

$25.50 BSD 25.50

$13.30 MX$249

91.73%

Local Beer (0.5 liter bottle)

$3.72 BSD 3.72

$1.93 MX$36.14

92.75%

Imported Beer (0.33 liter bottle)

$4.06 BSD 4.06

$2.86 MX$53.4

41.96%

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)

$1.81 BSD 1.81

$1.47 MX$27.54

23.13%

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)

$39.54 BSD 39.54

$26.37 MX$493

49.94%

Internet (50+ Mbps, Unlimited Data)

$99.9 BSD 99.9

$25.70 MX$481

288.75%

Gym Membership (Monthly)

$74.4 BSD 74.4

$30.53 MX$571

143.73%

Tennis Court (1 Hour on Weekend)

$21.27 MX$398

Cinema Ticket

$15.11 BSD 15.11

$4.96 MX$92.8

204.64%

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

$1,503 BSD 1,503

$679 MX$12.7K

121.44%

International Primary School, 1 Child (Yearly)

$15.1K BSD 15.1K

$14.2K MX$265.3K

6.44%

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)

$1,473 BSD 1,473

$1,018 MX$19.0K

44.81%

1-bedroom Apartment, Outside City Center (Monthly)

$714 BSD 714

$722 MX$13.5K

-1.09%

3-bedroom Apartment, City Center (Monthly)

$1,966 MX$36.8K

3-bedroom Apartment, Outside City Center (Monthly)

$4,422 BSD 4,422

$1,416 MX$26.5K

212.36%

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 New Providence: November 2, 2026

Last update for Monterrey: November 2, 2026

Monthly budget structure

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

Accommodation & Living

New Providence

–

Monterrey

$722 44%

Groceries & Markets

New Providence

–

Monterrey

$302 18.4%

Eating Out

New Providence

–

Monterrey

$216 13.2%

Monthly Utilities & Internet

New Providence

–

Monterrey

$167 10.2%

Clothing & Footwear

New Providence

–

Monterrey

$153 9.3%

Getting Around

New Providence

–

Monterrey

$41 2.5%

Sport & Entertainment

New Providence

–

Monterrey

$40 2.5%

Cost Breakdown

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

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

Good to know

🇧🇸 New Providence

🇲🇽 Monterrey

🕒 Local time

16:11 4:11 PM

15:11 3:11 PM

1 h behind New Providence

🌤 Weather

👥 Population

296,522

1,142,994

💱 Currency

Bahamian Dollar BSD $

Mexican Peso MXN $

📈 Exchange rate

1 BSD = 1 USD

1 BSD = 0.895 EUR

100 MXN = 5.35 USD

100 MXN = 4.78 EUR

Exchange rates and currency converter

MXN, USD, EUR to BSD – Bahamian Dollar Converter

🇺🇸 United States Dollar ($)

🇧🇸 Bahamian Dollar ($)

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).

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).

USD to BSD in detail →

On the map

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Highest

Between locations

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

From you

New Providence
Monterrey

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

New Providence vs Monterrey: Cost of Living - Frequently Asked Questions

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

You’d need roughly $3,269 in New Providence and $2,461 in Monterrey 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: $1,473 in New Providence versus $1,018 in Monterrey. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $1,503 in New Providence versus $679 in Monterrey. 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.