Hollywood movies and other popular media frequently give Mexico a poor view, but the reality is quite different.
They show Mexico as a drug hub where everyone belongs to a certain drug cartel or in some other form of organized crime.
However, this is not always the case. The economy is expanding, the food is fantastic, there are many beaches, and the weather is nice.
Despite being frequently viewed as being in the shadow of the United States, Mexico does have large corporations and affluent citizens, especially in the larger cities.
Mexico is no longer only the United States’ favorite vacation destination. But this beloved country has become increasingly popular with tourists and travelers all over the world and for good reasons.
It’s a country that’s full to the brim with unique cultures and history. It’s also a place where ancient Aztec and Mayan sites and historic colonial cities designed as UNESCO World Heritage Sites meet.
Creating a diverse range of possibilities and ensuring to remain untouched for generations to come.
Mexico is also the 14th largest country by landmass which gives it a great variety of regions and landscapes, from pristine coastlines to dense jungles.
In addition to that, it has one of the most amazing cuisines in the world!
So do you know which is the richest city in Mexico? Read on to find out more about the place where Pablo Escobar was the most famous drug lord.
Richest City in Mexico
The richest city in Mexico is Monterrey. It is situated in North-eastern Mexico, near the US border.
This metropolis, set against the stunning Sierra Madre mountains, offers a little something for everyone. From world-class museums and shopping to outdoor adventures, Monterrey has it all.
Monterrey is home to some of the wealthiest people in the country. But don’t let that discourage you from visiting; there’s plenty here for everyone, no matter your budget.
Why is Monterrey So Wealthy?
A large part of it has to do with the city’s industries. Monterrey is a major center for manufacturing, finance, and technology in Mexico.
It’s also home to a number of large multinational companies, including Alfa Romeo, Samsung, and Hyundai.
Once more, the US is a major contributor to the regional economy. This area has a large industrial sector, with the majority of the goods being exported to the US or other countries.
The industry offers local residents well-paying jobs, with annual salary increases.
Additionally, Monterrey is one of Mexico’s most developed cities, with some of its suburbs offering a high standard of living on par with that of more industrialized nations.
In terms of economics, the purchasing power parity-adjusted GDP per capita is approximately $35,500 USD, which is over twice as much as the $18,800 USD of the rest of the country.
Monterrey The Richest City
Monterrey is one of Mexico’s wealthiest cities, with a variety of light and heavy industries, international business offices, and agriculture contributing to the university town’s high average personal income.
Monterrey is the capital of the northeastern state of Nuevo Leon, Mexico. It has a population of 1.135 million, according to 2019 estimates.
With an average salary of $45,274 USD, Monterrey is home to some of Mexico’s wealthiest citizens.
The city is known for its impressive skyscrapers, modern infrastructure, and bustling business district.
The city is also home to several iconic landmarks, such as the Faro de Comercio, one of the most recognizable monuments in Monterrey.
In addition, it has a thriving cultural offering, including museums, art galleries, and performance venues. Monterrey is one of the most important industrial and financial centers in Mexico.
With its strong economy, modern infrastructure, and vibrant culture, Monterrey is one of the most attractive cities in Mexico.
Problems of Monterrey
However, this city, though being the richest, has its own problems that its people have to deal with.
Despite this, through a combination of poor water management, a severe lack of rain and a blistering heatwave, the city is on its knees.
For some residents, there have been cases that it has been more than 50 days since they’ve seen a drop of water fall from their taps. Many fill buckets from water trucks in the street while others have running water for just a few hours a day.
Despite being a modern and thriving city, home to international companies, few houses are equipped with water tanks, which are common in other large cities including the capital Mexico City.
And with prices skyrocketing, residents can’t afford to buy one now either.
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Monterrey is the wealthiest city in Mexico due to all the reasons mentioned above. But it does have its own downfall. However, as a tourist, this is not really a concern.
If you’re looking for a city that has it all, Monterrey is the place for you. With its wealth of attractions and outdoor activities, there’s something here for everyone. So what are you waiting for? Come and see why Monterrey is one of the richest cities in Mexico!
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