Last update: Nov 2026

Cost of Living Comparison Between Summit, NJ and Monterrey

For one person, living is cheaper in Monterrey: $1,641 a month against $3,876 in Summit, NJ, rent and utilities included – about $26,800 less a year. Rent and utilities account for most of the difference.

187

Cost of Living Index in Summit, NJ
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Summit, NJ Living Index
78

Cost of Living Index in Monterrey
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Monterrey Living Index

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Summit, NJ

🇺🇸 United States

$3,876

/mo nomad

Monterrey

🇲🇽 Mexico

$1,641

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $3,876 in Summit, NJ versus $1,641 in Monterrey.

Summit, NJ $3,876
Monterrey $1,641

Estimated couple costs with rent: $6,026 in Summit, NJ versus $2,573 in Monterrey.

Summit, NJ $6,026
Monterrey $2,573

Monthly costs for a family of three with rent: $8,176 in Summit, NJ versus $3,504 in Monterrey.

Summit, NJ $8,176
Monterrey $3,504

Living in Summit, NJ is roughly 136% more expensive than in Monterrey, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Summit, NJ 187% above, Monterrey 21% above.

Meal at Budget Restaurant

$24.87 $24.87

$13.37 MX$251

86.01%

Three-Course Dinner for Two, Mid-Range

$98.4 $98.4

$47.95 MX$900

105.11%

Fast Food Meal (McDonalds, etc)

$10.83 $10.83

$10.79 MX$203

0.37%

Cappuccino

$5.41 $5.41

$3.77 MX$70.7

43.50%

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

$2.12 $2.12

$1.51 MX$28.37

40.40%

Water (0.33 liter bottle)

$1.52 $1.52

$1.03 MX$19.33

47.57%

Local Beer (0.5 liter draught)

$8.22 $8.22

$2.48 MX$46.60

231.45%

Imported Beer (0.33 liter bottle)

$8.17 $8.17

$4.36 MX$81.8

87.39%

Milk (1 liter)

$1.28 $1.28

$1.89 MX$35.58

-32.28%

White Bread (500g)

$4.16 $4.16

$2.85 MX$53.5

45.96%

Rice (white) (1kg)

$6.23 $6.23

$1.86 MX$34.86

234.95%

Eggs

$5.98 $5.98

$2.47 MX$46.31

142.11%

Local Cheese (1kg)

$14.22 $14.22

$11.81 MX$222

20.41%

Chicken Fillets (1kg)

$10.16 $10.16

$8.97 MX$168

13.27%

Beef Round Steak (1kg)

$17.43 $17.43

$12.57 MX$236

38.66%

Apples (1kg)

$6.13 $6.13

$3.20 MX$60.0

91.56%

Banana (1kg)

$1.80 $1.80

$1.50 MX$28.23

20.00%

Oranges (1kg)

$4.35 $4.35

$2.12 MX$39.90

105.19%

Tomato (1kg)

$5.27 $5.27

$2.33 MX$43.82

126.18%

Potato (1kg)

$3.02 $3.02

$2.22 MX$41.75

36.04%

Onion (1kg)

$3.66 $3.66

$2.58 MX$48.54

41.86%

Lettuce (1 head)

$3.05 $3.05

$1.45 MX$27.15

110.34%

Water (1.5 liter bottle)

$2.96 $2.96

$1.22 MX$22.94

142.62%

Cigarettes 20 Pack (Marlboro, Camel)

$11.58 $11.58

$4.80 MX$90.1

141.25%

Wine (Bottle)

$20.21 $20.21

$13.30 MX$250

51.95%

Local Beer (0.5 liter bottle)

$1.77 $1.77

$1.93 MX$36.28

-8.29%

Imported Beer (0.33 liter bottle)

$5.38 $5.38

$2.86 MX$53.6

88.11%

One-way Ticket (Public Transport)

$0.80 MX$15.00

Public Transport Monthly Pass (Regular Price)

$30.94 MX$581

Taxi Start (Normal Tariff)

$3.06 $3.06

$1.83 MX$34.42

67.21%

Taxi (Normal Tariff) (1km)

$2.00 $2.00

$1.06 MX$19.86

88.68%

Taxi 1hour Waiting (Normal Tariff)

$24.36 $24.36

$10.82 MX$203

125.14%

Gasoline (1 liter)

$1.13 $1.13

$1.47 MX$27.65

-23.13%

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

$27.9K $27.9K

$24.1K MX$452.3K

15.96%

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

$26.3K $26.3K

$23.5K MX$442.0K

11.70%

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

$211 $211

$115 MX$2,152

83.85%

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

$60.5 $60.5

$26.37 MX$495

129.43%

Internet (50+ Mbps, Unlimited Data)

$50.5 $50.5

$25.70 MX$483

96.58%

Gym Membership (Monthly)

$79.4 $79.4

$30.53 MX$573

160.10%

Tennis Court (1 Hour on Weekend)

$21.27 MX$400

Cinema Ticket

$15.04 $15.04

$4.96 MX$93.1

203.23%

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

$1,716 $1,716

$679 MX$12.7K

152.88%

International Primary School, 1 Child (Yearly)

$20.7K $20.7K

$14.2K MX$266.4K

45.88%

Jeans (Levis 501 Or Similar)

$41.51 $41.51

$72.2 MX$1,356

-42.51%

Summer Dress (H&M, Zara, etc)

$57.3 $57.3

$41.94 MX$788

36.65%

Sport Shoes (Adidas, Nike)

$76.3 $76.3

$107 MX$2,019

-28.98%

Men's Leather Business Shoes

$122 $122

$119 MX$2,228

2.42%

1-bedroom Apartment, City Center (Monthly)

$2,777 $2,777

$1,018 MX$19.1K

172.88%

1-bedroom Apartment, Outside City Center (Monthly)

$2,471 $2,471

$722 MX$13.6K

242.53%

3-bedroom Apartment, City Center (Monthly)

$5,498 $5,498

$1,966 MX$36.9K

179.57%

3-bedroom Apartment, Outside City Center (Monthly)

$4,968 $4,968

$1,416 MX$26.6K

250.94%

Buy Apartment in City Center (m2)

$4,203 MX$78.9K

Buy Apartment Outside City Center (m2)

$2,782 MX$52.2K

Average Monthly Net Salary (After Tax)

$1,096 MX$20.6K

20-Year Fixed Mortgage Interest Rate (Annual %)

6.72

11.79

-43.00%

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

Last update for Summit, NJ: 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

Summit, NJ

$2.5K 63.8%

Monterrey

$722 44% 70.8% $1.7K

Groceries & Markets

Summit, NJ

$458 11.8%

Monterrey

$302 18.4% 34.1% $156

Eating Out

Summit, NJ

$368 9.5%

Monterrey

$216 13.2% 41.4% $153

Monthly Utilities & Internet

Summit, NJ

$322 8.3%

Monterrey

$167 10.2% 48.2% $155

Clothing & Footwear

Summit, NJ

$134 3.4%

Monterrey

$153 9.3% 14.7% $20

Sport & Entertainment

Summit, NJ

$110 2.8%

Monterrey

$40 2.5% 63.1% $69

Getting Around

Summit, NJ

$13 * 0.3%

Monterrey

$41 2.5% 216% $28

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 $2,777 in Summit, NJ and $1,018 in Monterrey. Housing cost is often the main lever when comparing two cities.

Dining out: $98 in Summit, NJ vs $48 in Monterrey for a mid-range dinner for two. Groceries echo the gap at $458 vs $302 per month, with Monterrey cheaper across the board.

Good to know

🇺🇸 Summit, NJ

🇲🇽 Monterrey

🕒 Local time

13:27 1:27 PM

12:27 12:27 PM

1 h behind Summit, NJ

🌤 Weather

👥 Population

11,161

1,142,994

💱 Currency

United States Dollar USD $

Mexican Peso MXN $

📈 Exchange rate

1 USD = 0.89 EUR

100 MXN = 5.32 USD

100 MXN = 4.74 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 = 0.89 EUR).

Mexican Peso exchange rates as of November 6, 2026: 1 USD = 18.78 MXN (100 MXN = 5.32 USD). 1 EUR = 21.09 MXN (100 MXN = 4.74 EUR).

MXN to USD in detail →

On the map

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Between locations

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

From you

Summit, 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

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

Total monthly costs including rent come to $3,876 in Summit, NJ and $1,641 in Monterrey, so Monterrey is about 58% cheaper – a gap that matters a lot on a fixed or modest income.

You’d need roughly $5,814 in Summit, NJ 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: $2,777 in Summit, NJ versus $1,018 in Monterrey. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $1,716 in Summit, NJ 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 $98 in Summit, NJ. If you eat out regularly, this makes a real dent in your monthly spending.

At $1,641 in Monterrey versus $3,876 in Summit, NJ, a $3,000 budget is realistic in Monterrey but tight or insufficient in Summit, NJ. 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.