✦ Compare
Florence vs
Monterrey
Cost-of-living comparison and salary equivalence. Enter your current salary to see what you'd need to earn to live equally well.
Florence, IT vs Monterrey, MX at a glance — Monterrey, MX is 37% cheaper than Florence, IT overall. Median 1-bed rent runs about $650/mo versus $900/mo. Top income tax: 35% vs 43%.
To keep the same standard of living in Monterrey, MX, you'd need
$47,053 / year
Monterrey, MX is 37% cheaper overall
Category breakdown (Monterrey, MX vs Florence, IT)
- Housing-42%
- Food & groceries-40%
- Transport-38%
- Utilities-31%
- Healthcare-22%
- Goods & services-36%
◎ How Florence, IT and Monterrey, MX compare
Index vs the US average — the line marks 100. Lower is cheaper.
▤ Full comparison
| Florence, IT | Monterrey, MX | |
|---|---|---|
| Cost of living | ||
| Overall cost index | 98 | 62 |
| Housing | 95 | 55 |
| Food | 104 | 62 |
| Transport | 78 | 48 |
| Utilities | 118 | 82 |
| Healthcare | 80 | 62 |
| Goods & services | 106 | 68 |
| Housing | ||
| Rent, 1-bed centre | $900/mo | $650/mo |
| Rent, 1-bed outside | $680/mo | — |
| Rent, 3-bed centre | $1,700/mo | — |
| Buy price / m² centre | $4,800 | — |
| Money & purchasing power | ||
| $1,000 goes as far as | $1,018 | $1,623 |
| Inexpensive meal | $15 | — |
| Monthly transit pass | $40 | — |
| Taxes | ||
| Income tax (top rate) | 43% | 35% |
| VAT / sales tax | 22% | 16% |
| Corporate tax | 24% | 30% |
| Capital gains | 26% | — |
| Economy & salaries | ||
| Avg net salary | $1,900/mo | $700/mo |
| Avg annual wage (OECD, PPP) | $53,864✓ | $24,463✓ |
| Minimum wage | — | $420/mo |
| GDP per capita | $43,309✓ | $13,889✓ |
| Inflation (annual) | 1.5%✓ | 3.8%✓ |
| Work & digital nomad | ||
| Digital-nomad visa | Yes | Yes |
| English proficiency | Moderate | — |
| Coworking spaces | 18 | — |
| Time zone | UTC+1 | — |
| Quality of life | ||
| Quality of life (overall) | 70 | — |
| Safety index | 60 | — |
| Healthcare index | 80 | — |
| Pollution index | 48 | — |
| Internet speed | 120 Mbps | — |
| Walkability | 84 | — |
| Public transport | 68 | — |
| Family-friendly | 66 | — |
| Tap water | Safe to drink | — |
| Life expectancy | 84 yr✓ | 75 yr✓ |
| LGBTQ+ acceptance | Moderate | Moderate |
| Climate | ||
| January avg | +7 °C | — |
| July avg | +26 °C | — |
| Sunny days / year | 240 | — |
| Rainfall / year | 830 mm | — |
| Connectivity | ||
| Flight to nearest hub | 1 h | — |
Taxes & Economy & salaries: Italy vs Mexico. Estimates use approximate cost-of-living indices (US average = 100) and are for general guidance only.
✓ = official statistics (OECD (PPP), World Bank 2025, World Bank 2024). Unmarked figures are CostTrek estimates. How we calculate these figures →
Cost of living: Florence vs Monterrey — in your currency
Converted from USD at approximate rates (2026-09).
Good to know before you move to Florence
An open-air museum in the Tuscan hills — Renaissance art, Chianti country on the doorstep and a walkable historic core. Tourism keeps the centre pricey and busy, but salaries are modest and it runs cheaper than Milan or Rome overall.
- Currency
- Euro (€ EUR)
- Languages
- Italian
- Time zone
- UTC+1
- Internet
- 120 Mbps
- English
- Fairly common
- Safety
- 60/100
- Climate
- ❄ 7°C · ☀ 26°C · 240 sunny days/yr
- Tap water
- Safe to drink
- Power
- F/L · 230V
- Driving
- Right-hand side
- Popular areas
- Oltrarno · Santa Croce · San Marco · Campo di Marte
Good to know before you move to Monterrey
- Currency
- Mexican peso ($ MXN)
- Languages
- Spanish
- Power
- A/B · 127V
- Driving
- Right-hand side
Plan your move to Florence
Everything you will book for the move — sorted, and updated as we add partners.
- FlightsAviasales
- HotelsPlanetofhotels
- Car rentalLocalrent
- Airport transferWelcome Pickups
- Tours & ticketsKlook
- Tours & ticketsTiqets
- InsuranceSafetyWing
- eSIM / dataAiralo
- Luggage storageRadical Storage
- Flight compensationAirHelp
Sponsored
Plan your move to Monterrey
Everything you will book for the move — sorted, and updated as we add partners.
- FlightsAviasales
- HotelsPlanetofhotels
- Car rentalLocalrent
- Airport transferKiwitaxi
- Tours & ticketsKlook
- eSIM / dataAiralo
- Luggage storageRadical Storage
Sponsored
? Frequently asked questions
Moving from Florence to Monterrey: cheaper or more expensive?
Moving from Florence to Monterrey, your cost of living will be roughly 37% cheaper. Monterrey’s cost-of-living index is 62 versus 98 for Florence (US = 100). Use the salary tool above to see the income you’d need to keep the same lifestyle.
Is Florence cheaper than Monterrey?
Monterrey is about 37% cheaper than Florence overall — its cost-of-living index is 62 versus 98 for Florence.
Which is more expensive, Florence or Monterrey?
Florence is more expensive than Monterrey. Its cost-of-living index is 98 vs 62 (US = 100) — about 58% higher.
Is rent cheaper in Florence or Monterrey?
Rent is cheaper in Monterrey — about $650/month for a one-bedroom in the city centre, vs $900 in Florence.
How much do you need to earn in Monterrey to live like in Florence?
To keep the same standard of living, a $75,000 salary in Florence is worth about $47,053 in Monterrey. Enter your own figure in the calculator above.
Which has lower taxes, Florence or Monterrey?
Mexico has the lower top income-tax rate — 35% versus 43% in Italy.
◷ More comparisons from Florence
How we calculate these figures →
Estimates use approximate cost-of-living indices (US average = 100) and are for general guidance only.