Cost of Living: New York vs Mexico (Mexico City, Monterrey, Cancún)
How expensive is Mexico compared with New York City? The national price level of everyday spending versus the New York metro area, and the salary — in US dollars and MXN — that buys the same standard of living.
Salary converter
Before taxes. Income tax, sales tax and benefits differ a lot between places and aren’t included.
The numbers
- Cities
- Mexico City, Monterrey, Cancún, Hermosillo, Tijuana
- Price level vs US average
- 58.8 (New York metro: 112.6)
- Exchange rate (2025 avg.)
- 1 USD = 19.2 MXN
- Purchasing-power parity
- 1 USD of US-average spending ≈ 11.3 MXN
- Source
- World Bank, PPP conversion factor for private consumption ÷ exchange rate (2025); New York: BEA 2024
⚠️ This is Mexico’s national average. Major cities — especially Mexico City — are usually more expensive, mostly because of rent, so treat this as a lower bound for big-city living.
Frequently asked questions
Is Mexico cheaper than New York?
Yes. Mexico is 48% cheaper than the New York metro area overall (index 52, New York = 100).
What salary in Mexico equals $100,000 in New York?
About $52,224 a year (about MX$1,004,662 at purchasing-power parity) buys the same standard of living in Mexico as $100,000 in the New York metro area, before taxes.
Is Mexico City more expensive than Mexico’s national average?
Usually, yes. The comparison here uses Mexico’s national average price level; large cities such as Mexico City, Monterrey, Cancún typically cost more than the national figure, especially for rent.
Where does this data come from?
World Bank price levels of household consumption for 2025 (purchasing power parity conversion factor divided by the market exchange rate), compared with BEA’s 2024 figure for the New York metro area.