Economy, jobs and prices in Monterrey, Mexico: official figures
The 2024 Economic Census counted 55,266 business establishments (economic units) in Monterrey in 2023, 6th most of 107 Mexican cities on this site, against 51,379 in the 2019 census (up 7.6%).
How many people work in Monterrey?
Those establishments employed 590,195 people in 2023, 4th most of 107 Mexican cities on this site, down 9.4% from the 651,450 counted for 2018 (national: up 3.1%).
Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copyWhat is the average salary in Monterrey?
Paid workers in Monterrey earned an average of MXN 200,575 in total pay over 2023, 8th highest of 107 Mexican cities on this site; the national average was MXN 168,674.
Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copyHow productive is the economy of Monterrey?
Businesses in Monterrey generated MXN 384.2 billion in gross value added in 2023, about MXN 650,949 per person employed, 15th highest of 107 Mexican cities on this site (national: MXN 560,263).
Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copyHow many women work in Monterrey?
Women held 38.2% of the jobs counted in Monterrey in 2023, 7th lowest of 107 Mexican cities on this site (national: 43.2%); 88.4% of all workers were paid employees.
Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copyWhat are the main industries in Monterrey?
By sector, manufacturing 13.1% (77,374), retail trade 17.9% (105,627) and hotels, restaurants and bars 7.1% (42,112) of the people employed in Monterrey in 2023 (national manufacturing share: 25.7%); manufacturing's share was 40th lowest of 107 Mexican cities on this site.
Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copyHow much do businesses invest in Monterrey?
Businesses in Monterrey reported MXN -12.3 billion of investment and MXN 770.6 billion of gross output in 2023 (2018: MXN 10.3 billion and MXN 596.3 billion, current pesos).
Source: Instituto Nacional de Estadística y Geografía (INEGI) · saved copyHow Monterrey compares with other cities in Mexico
Economic units (2024 economic census) (2023)
Monterrey ranks 6 of 107, highest first.
| Rank | City | Economic units (2024 economic census) |
|---|---|---|
| 3 | Guadalajara | 89,635 |
| 4 | León | 83,778 |
| 5 | Tijuana | 57,157 |
| 6 | Monterrey | 55,266 |
| 7 | Toluca | 51,440 |
| 8 | Mérida | 50,082 |
| 9 | Querétaro | 49,468 |
Persons employed (2024 economic census) (2023)
Monterrey ranks 4 of 107, highest first.
| Rank | City | Persons employed (2024 economic census) |
|---|---|---|
| 1 | Mexico, Ciudad De | 3,556,589 |
| 2 | Tijuana | 656,008 |
| 3 | Guadalajara | 631,859 |
| 4 | Monterrey | 590,195 |
| 5 | Juárez | 577,490 |
| 6 | León | 509,519 |
| 7 | Puebla-Tlaxcala | 427,588 |
Change in persons employed, 2018-2023 (2018-2023)
Monterrey ranks 99 of 107, highest first.
| Rank | City | Change in persons employed, 2018-2023 |
|---|---|---|
| 96 | San Luis Potosí-Soledad de Graciano Sánchez | -7.5% |
| 97 | Ensenada | -7.8% |
| 98 | La Piedad-Pénjamo | -8.7% |
| 99 | Monterrey | -9.4% |
| 100 | Sabinas | -9.7% |
| 101 | Ciudad Obregón | -10.0% |
| 102 | Cancún | -10.9% |
Average annual pay per paid worker (MXN) (2023)
Monterrey ranks 8 of 107, highest first.
| Rank | City | Average annual pay per paid worker (MXN) |
|---|---|---|
| 5 | Heroica Nogales | MXN 205,363 |
| 6 | Reynosa-Río Bravo | MXN 203,064 |
| 7 | Ciudad Del Carmen | MXN 201,387 |
| 8 | Monterrey | MXN 200,575 |
| 9 | Juárez | MXN 195,896 |
| 10 | Tijuana | MXN 195,446 |
| 11 | Matamoros | MXN 194,273 |
Gross value added per person employed (MXN) (2023)
Monterrey ranks 15 of 107, highest first.
| Rank | City | Gross value added per person employed (MXN) |
|---|---|---|
| 12 | Aguascalientes | MXN 744,860 |
| 13 | Coatzacoalcos | MXN 708,892 |
| 14 | Lagos de Moreno | MXN 690,212 |
| 15 | Monterrey | MXN 650,949 |
| 16 | San Luis Potosí-Soledad de Graciano Sánchez | MXN 609,628 |
| 17 | San Juan del Río | MXN 595,134 |
| 18 | Irapuato | MXN 568,009 |
Women as a share of persons employed (2023)
Monterrey ranks 101 of 107, highest first.
| Rank | City | Women as a share of persons employed |
|---|---|---|
| 98 | Cuauhtemoc | 38.7% |
| 99 | Silao | 38.6% |
| 100 | Ciudad Acuña | 38.5% |
| 101 | Monterrey | 38.2% |
| 102 | Tianguistenco | 38.2% |
| 103 | Ciudad Lázaro Cárdenas | 36.3% |
| 104 | Caborca | 35.6% |
Manufacturing share of persons employed (2023)
Monterrey ranks 68 of 107, highest first.
| Rank | City | Manufacturing share of persons employed |
|---|---|---|
| 65 | Uruapan | 14.1% |
| 66 | Tulancingo | 13.8% |
| 67 | Ciudad Valles | 13.8% |
| 68 | Monterrey | 13.1% |
| 69 | Morelia | 12.8% |
| 70 | Culiacán Rosales | 12.5% |
| 71 | Apatzingán de la Constitución | 12.5% |
More on Monterrey: overview · health · education and schools · poverty and living standards · government budget · all cities in Mexico
Sources
- Instituto Nacional de Estadística y Geografía (INEGI): Censos Económicos 2024 and 2019 (reference years 2023 and 2018), SAIC query: economic units, persons employed, pay, gross output, value added and investment by municipality (request body saved as saic-ce2024-totals-2018-2023.request.json), read 23 October 2026 · saved copy (SHA-256 47e3a4e8a9f4…)
- Instituto Nacional de Estadística y Geografía (INEGI): Censos Económicos 2024 (reference year 2023), SAIC query: economic units and persons employed in manufacturing, retail, education services, health services and accommodation and food by municipality (request body saved as saic-ce2024-sectors-2023.request.json), read 23 October 2026 · saved copy (SHA-256 fea3ec2053c9…)
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