Last update: Nov 2026

Cost of Living Comparison Between Red Bank, NJ and Monterrey

For one person, living is cheaper in Monterrey: $1,641 a month against $2,542 in Red Bank, NJ, rent and utilities included – about $10,800 less a year. Rent and utilities account for most of the difference.

122

Cost of Living Index in Red Bank, NJ
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Red Bank, NJ Living Index
78

Cost of Living Index in Monterrey
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Monterrey Living Index

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Red Bank, NJ

🇺🇸 United States

$2,542

/mo nomad

Monterrey

🇲🇽 Mexico

$1,641

/mo nomad

Monthly Cost of Living

How much you'll spend in Red Bank, NJ 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 Red Bank, NJ and in Monterrey actually costs, broken down by who's living it.

Monthly costs for one person with rent: $2,542 in Red Bank, NJ versus $1,641 in Monterrey.

Red Bank, NJ $2,542
Monterrey $1,641

Estimated couple costs with rent: $3,610 in Red Bank, NJ versus $2,573 in Monterrey.

Red Bank, NJ $3,610
Monterrey $2,573

Monthly costs for a family of three with rent: $4,679 in Red Bank, NJ versus $3,504 in Monterrey.

Red Bank, NJ $4,679
Monterrey $3,504

Living in Red Bank, NJ is roughly 55% more expensive than in Monterrey, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Red Bank, NJ 88% above, Monterrey 21% above.

Meal at Budget Restaurant

$19.67 $19.67

$13.37 MX$250

47.12%

Three-Course Dinner for Two, Mid-Range

$73.6 $73.6

$47.95 MX$897

53.51%

Fast Food Meal (McDonalds, etc)

$9.73 $9.73

$10.79 MX$202

-9.82%

Cappuccino

$5.06 $5.06

$3.77 MX$70.4

34.22%

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

$2.39 $2.39

$1.51 MX$28.26

58.28%

Water (0.33 liter bottle)

$2.10 $2.10

$1.03 MX$19.25

103.88%

Local Beer (0.5 liter draught)

$4.12 $4.12

$2.48 MX$46.41

66.13%

Imported Beer (0.33 liter bottle)

$4.96 $4.96

$4.36 MX$81.5

13.76%

Milk (1 liter)

$1.05 $1.05

$1.89 MX$35.43

-44.44%

White Bread (500g)

$4.52 $4.52

$2.85 MX$53.3

58.60%

Rice (white) (1kg)

$4.41 $4.41

$1.86 MX$34.71

137.10%

Eggs

$6.47 $6.47

$2.47 MX$46.12

161.94%

Local Cheese (1kg)

$10.49 $10.49

$11.81 MX$221

-11.18%

Chicken Fillets (1kg)

$10.81 $10.81

$8.97 MX$168

20.51%

Beef Round Steak (1kg)

$19.35 $19.35

$12.57 MX$235

53.94%

Apples (1kg)

$5.44 $5.44

$3.20 MX$59.8

70.00%

Banana (1kg)

$1.62 $1.62

$1.50 MX$28.12

8.00%

Oranges (1kg)

$3.25 $3.25

$2.12 MX$39.74

53.30%

Tomato (1kg)

$3.12 $3.12

$2.33 MX$43.64

33.91%

Potato (1kg)

$2.15 $2.15

$2.22 MX$41.58

-3.15%

Onion (1kg)

$2.45 $2.45

$2.58 MX$48.34

-5.04%

Lettuce (1 head)

$2.76 $2.76

$1.45 MX$27.04

90.34%

Water (1.5 liter bottle)

$2.98 $2.98

$1.22 MX$22.85

144.26%

Cigarettes 20 Pack (Marlboro, Camel)

$13.74 $13.74

$4.80 MX$89.7

186.25%

Wine (Bottle)

$17.19 $17.19

$13.30 MX$249

29.25%

Local Beer (0.5 liter bottle)

$1.91 $1.91

$1.93 MX$36.14

-1.04%

Imported Beer (0.33 liter bottle)

$2.74 $2.74

$2.86 MX$53.4

-4.20%

One-way Ticket (Public Transport)

$2.12 $2.12

$0.80 MX$14.94

165.00%

Public Transport Monthly Pass (Regular Price)

$54.8 $54.8

$30.94 MX$579

77.15%

Taxi Start (Normal Tariff)

$3.66 $3.66

$1.83 MX$34.28

100.00%

Taxi (Normal Tariff) (1km)

$2.21 $2.21

$1.06 MX$19.78

108.49%

Taxi 1hour Waiting (Normal Tariff)

$48.20 $48.20

$10.82 MX$202

345.47%

Gasoline (1 liter)

$1.08 $1.08

$1.47 MX$27.54

-26.53%

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

$27.9K $27.9K

$24.1K MX$450.4K

15.86%

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

$26.9K $26.9K

$23.5K MX$440.2K

14.49%

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

$199 $199

$115 MX$2,144

73.61%

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

$36.53 $36.53

$26.37 MX$493

38.53%

Internet (50+ Mbps, Unlimited Data)

$62.5 $62.5

$25.70 MX$481

143.04%

Gym Membership (Monthly)

$39.23 $39.23

$30.53 MX$571

28.50%

Tennis Court (1 Hour on Weekend)

$21.27 MX$398

Cinema Ticket

$12.28 $12.28

$4.96 MX$92.8

147.58%

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

$2,168 $2,168

$679 MX$12.7K

219.47%

International Primary School, 1 Child (Yearly)

$34.9K $34.9K

$14.2K MX$265.3K

146.27%

Jeans (Levis 501 Or Similar)

$38.73 $38.73

$72.2 MX$1,350

-46.36%

Summer Dress (H&M, Zara, etc)

$16.63 $16.63

$41.94 MX$784

-60.35%

Sport Shoes (Adidas, Nike)

$98.1 $98.1

$107 MX$2,011

-8.71%

Men's Leather Business Shoes

$129 $129

$119 MX$2,219

8.29%

1-bedroom Apartment, City Center (Monthly)

$1,552 $1,552

$1,018 MX$19.0K

52.48%

1-bedroom Apartment, Outside City Center (Monthly)

$1,263 $1,263

$722 MX$13.5K

75.08%

3-bedroom Apartment, City Center (Monthly)

$2,421 $2,421

$1,966 MX$36.8K

23.12%

3-bedroom Apartment, Outside City Center (Monthly)

$1,853 $1,853

$1,416 MX$26.5K

30.91%

Buy Apartment in City Center (m2)

$2,624 $2,624

$4,203 MX$78.6K

-37.56%

Buy Apartment Outside City Center (m2)

$2,427 $2,427

$2,782 MX$52.0K

-12.75%

Average Monthly Net Salary (After Tax)

$4,573 $4,573

$1,096 MX$20.5K

317.39%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.5

11.79

-44.87%

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

Last update for Red Bank, NJ: November 3, 2026

Last update for Monterrey: November 2, 2026

Monthly budget structure

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

Accommodation & Living

Red Bank, NJ

$1.3K 49.7%

Monterrey

$722 44% 42.9% $542

Groceries & Markets

Red Bank, NJ

$416 16.4%

Monterrey

$302 18.4% 27.4% $114

Monthly Utilities & Internet

Red Bank, NJ

$298 11.7%

Monterrey

$167 10.2% 44.1% $131

Eating Out

Red Bank, NJ

$296 11.6%

Monterrey

$216 13.2% 27% $80

Clothing & Footwear

Red Bank, NJ

$127 5%

Monterrey

$153 9.3% 20.7% $26

Getting Around

Red Bank, NJ

$78 3.1%

Monterrey

$41 2.5% 47.1% $37

Sport & Entertainment

Red Bank, NJ

$64 2.5%

Monterrey

$40 2.5% 36.6% $23

Cost Breakdown

A one-bedroom apartment in the center runs $1,552 in Red Bank, NJ and $1,018 in Monterrey. Housing cost is often the main lever when comparing two cities.

Red Bank, NJ pays about 4.2 times more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $74 in Red Bank, NJ vs $48 in Monterrey for a mid-range dinner for two. Groceries echo the gap at $416 vs $302 per month, with Monterrey cheaper across the board.

Good to know

🇺🇸 Red Bank, NJ

🇲🇽 Monterrey

🕒 Local time

16:43 4:43 PM

15:43 3:43 PM

1 h behind Red Bank, NJ

🌤 Weather

👥 Population

11,850

1,142,994

💱 Currency

United States Dollar USD $

Mexican Peso MXN $

📈 Exchange rate

1 USD = 0.895 EUR

100 MXN = 5.35 USD

100 MXN = 4.78 EUR

Exchange rates and currency converter

MXN, EUR to USD – United States Dollar Converter

🇲🇽 Mexican Peso ($)

🇺🇸 United States Dollar ($)

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

MXN to USD in detail →

On the map

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Between locations

Red Bank, NJ Monterrey 2,920 km ≈ 4 h 15 min nonstop flight

From you

Red Bank, NJ
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

Red Bank, NJ vs Monterrey: Cost of Living - Frequently Asked Questions

Total monthly costs including rent come to $2,542 in Red Bank, NJ and $1,641 in Monterrey, so Monterrey is about 35% cheaper – a gap that matters a lot on a fixed or modest income.

Average pay in Red Bank, NJ is about 4.2 times higher, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $1,552 in Red Bank, NJ versus $1,018 in Monterrey. 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 $74 in Red Bank, NJ. If you eat out regularly, this makes a real dent in your monthly spending.

All in, you’ll spend $2,542 per month in Red Bank, NJ versus $1,641 in Monterrey – Monterrey is about 35% 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.

Expats usually find Monterrey gentler on the wallet – expenses run 35% less than in Red Bank, NJ. Beyond cost, consider language, visa policies, and how big the international community is in each city.