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Monterrey, Mexico πŸ‡²πŸ‡½
#2165 ,

Nomad Score: 68%

Essentials

πŸ™οΈ City Monterrey is the third-largest city in Mexico, known for its industrial and economic significance.
πŸ‘₯ Population Approximate population is 1.1 million.
πŸ’» Internet Speed Average internet speed is around 80 Mbps.
πŸ’Έ Currency & Banking 1 MXN β‰ˆ 0.055 USD, major banks include BBVA, Citibanamex, and Santander.
🚰 Tap Water Not drinkable; it's advisable to buy bottled water.
πŸ”Œ Power 127V, 60Hz, πŸ”Œ Type A/B sockets.
πŸ“Ά SIM Card Major providers include Telcel, Movistar, and AT&T.
πŸ’³ Banking for Expats International payment options widely accepted, including Visa, Mastercard.
πŸ›Œ Accommodation Options include Airbnb, local rentals, and extended stay hotels. Average cost for an apartment in the city center is about $600/month.
πŸ’³ Cashless Friendly Yes, credit and debit cards accepted widely.
🏠 Short Term Rentals Airbnb, Vrbo, and local real estate agencies offer various choices.
πŸ›οΈ Budget Accommodation Hostel Deja Vu and Hotel 5a Avenida are popular budget options.
πŸ™οΈ Best Area to Stay for Tourists Centro HistΓ³rico and San Pedro Garza GarcΓ­a are recommended for tourists.
πŸ™οΈ Best Area to Stay for Digital Nomads San Pedro Garza GarcΓ­a and the area around Valle Oriente offer good amenities and coworking spaces.

Working and Networking

🏒 Best Coworking Space The Foundery offers a vibrant atmosphere with amenities for remote workers.
β˜• Best Cafe for Work CafΓ© Tostado is known for its work-friendly environment and good coffee.
πŸ’Ό Networking Events Events at startups and tech meetups often organized through platforms like Meetup.com.
πŸ₯‚ Social Events for Expats Facebook groups like 'Expats in Monterrey' host regular meetups and events.

Transportation

πŸš• Best Taxi/Ride App Uber and Didi operate widely across the city.
🚲 Bike/Scooter Rental Services like Lime offer bicycle and scooter rentals in popular areas.
πŸ–οΈ Best Beach Nearby Closest beach is about 2.5 hours away at Tampico Beach.
✈️ Top Regional Airline VivaAerobus is a popular regional carrier.
✈️ Top International Airline Aeromexico and American Airlines provide international flights from Monterrey.
πŸ›£οΈ Highway Access Key access roads include the Monterrey-George Bush Intercontinental Highway.
πŸš‰ Main Train/Transit Hub EstaciΓ³n de Ferrocarriles de Monterrey is the primary train hub.
🚍 Public Transport Passes Metro passes are available for $10 MXN per ride; monthly passes are also offered.
✈️ Regional Travel Buses like ESTRELLA BLANCA, and other companies serve surrounding cities.

Health and Wellness

πŸ₯ Best Hospital Hospital San JosΓ© is highly rated for general healthcare.
🧘 Yoga & Wellness Centers Karma Yoga Monterrey offers classes and workshops.
πŸ‹οΈ Gyms & Fitness Centers Smart Fit and Anytime Fitness are popular gym chains with multiple locations.
🧺 Laundry Services Laundromats like Lavandería La Cima offer wash and fold services.

Food and Drink

πŸ“± Best Food Delivery App Rappi and UberEats are popular food delivery options.
🍽️ Best Local Dish to Try Try 'Cabrito,' a traditional dish made from young goat.
🍱 Vegan/Vegetarian Options Hummus Mediterranean Cuisine is a great option for plant-based diets.
🍫 Best Dessert Spots Café Agoo serves amazing pastries and desserts.
πŸ›’ Affordable Shopping Spots Mercado JuΓ‘rez is famous for inexpensive local goods and food.
πŸ›’ E-commerce/Online Store Amazon Mexico offers a wide range of products and fast delivery.
πŸ›’ Grocery Delivery Cornershop and Walmart offer grocery delivery services.
🍸 Bar/Nightlife Area Barrio Antiguo is known for its vibrant nightlife.
🍻 Local Brewery Cervecería de Monterrey operates local and craft beer production.
🍷 Wine Bars Casa de Vino provides a selection of Mexican wines.
🍲 Street Food Stalls Street vendors in Mercado JuÑrez offer delicious local snacks.
πŸ• Popular International Cuisine Restaurants like Applebee's and Olive Garden are present in Monterrey.

Culture and Attractions

🎟️ Must-See Landmarks La Macroplaza and Museo de Historia Mexicana are must-visit sites.
πŸ›οΈ Museums & Art Venues The Museum of Contemporary Art offers a rich cultural experience.
🏰 Historical Sites Catedral Metropolitana is important for its architecture and history.
πŸ• Religious Sites BasΓ­lica de Guadalupe is a major religious site in the city.
πŸŽ‰ Annual Events Feria Internacional del Libro Monterrey takes place in April.
🎨 Cultural Districts Barrio Antiguo features historic buildings and art galleries.
🎭 Theater Venues Teatro de la Ciudad offers a range of performances and shows.
πŸ›οΈ Local Markets Mercado JuΓ‘rez is popular for local crafts and food.
🎼 Music Scene The city has a thriving music scene with venues like Café Iguana.
🎨 Street Art Street murals are found throughout the city, especially in the downtown area.
πŸ§‘β€πŸ³ Cooking Classes Classico Cooking School offers classes focusing on local cuisine.
πŸ‘©β€πŸŽ¨ Art Galleries GalerΓ­a de Arte Moderno showcases works from various artists.
πŸ•°οΈ Historic Buildings Museo del Acero Horno 3 is a historic steel blast furnace turned cultural center.
🏴 Local Heritage Monterrey is known for its strong industrial heritage and historical significance.

Nature and Outdoor Activities

πŸŒ… Nearby Nature Escapes The Parque Nacional Cumbres de Monterrey is a nearby natural reserve.
🏞️ National Parks Nearby Cumbres de Monterrey National Park is accessible for day trips.
🚲 Cycling/Walking Paths Parque Fundidora has cycling and walking paths to explore.
πŸŒ„ Scenic Viewpoints The Mirador del Obispado offers breathtaking views of the city.
πŸ¦‰ Birdwatching Locations Laguna de SΓ‘nchez is a nearby location for birdwatching.
πŸ”₯ Bonfire-Friendly Spots Many areas in Cumbres de Monterrey allow for bonfires with prior permission.

Other Services and Amenities

πŸ“¦ Parcel Delivery Service DHL, FedEx, and local postal services operate in the city.
πŸ› οΈ Tech Repair Services Tech Stop offers reliable repair services for devices.
πŸ“ Table Tennis Spots Table Tennis clubs can be found throughout the city, particularly in community centers.
πŸ§‘β€πŸ« Language Classes Instituto de Idiomas Monterrey offers language learning services.
πŸ“š Libraries & Study Spots Biblioteca Universitaria is a great place for study and research.
🏘️ Community Centers Centro Cultural Alfa offers various cultural programs and activities.
πŸ•ΉοΈ Gaming Lounges Gaming House is a popular spot for video game enthusiasts.
🎰 Casino & Gaming Halls Casino Monterrey offers gaming and entertainment services.

Business

🏒 Studio Purchase Price (City Center) Approx. $1,500 per m² (e.g., 40 m² = $60,000)
🏒 Studio Purchase Price (Outside City) Approx. $1,200 per m² (e.g., 40 m² = $48,000)
🏠 1-Bedroom Purchase Price (City Center) Approx. $1,800 per m² (e.g., 60 m² = $108,000)
🏠 1-Bedroom Purchase Price (Outside City) Approx. $1,500 per m² (e.g., 60 m² = $90,000)
🏑 2-Bedroom Purchase Price (City Center) Approx. $2,000 per m² (e.g., 80 m² = $160,000)
🏑 2-Bedroom Purchase Price (Outside City) Approx. $1,800 per m² (e.g., 80 m² = $144,000)
πŸ’Ό Corporate Tax 30%
πŸ’΅ Dividend Withholding Tax 10%
🏦 Tax System Resident individuals are taxed on worldwide income.
πŸ“ˆ Highest Income Tax Bracket 35%
🧾 VAT 16%
🌐 Controlled Foreign Company (CFC) Rules Yes, there are CFC regulations applicable.
🏠 Property Tax Yes, based on assessed value.
🏠 Property Transaction Tax 2% standard rate in Nuevo León.
πŸ’» Attractive Tax System for Digital Nomads No special tax benefits specifically for digital nomads, but living costs are lower.

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