Will I save money living in Monterrey?

"Generally speaking, the cost of living in Monterrey is lower than that of the United States. Depending on the area and lifestyle of the individual, one can enjoy a lower cost of living due to factors such as local goods and services being more affordable and the exchange rate of the local currency. Moreover, depending on the source of income, for example, when working for a US company, a US citizen can have the advantage of earning US salaries but living at a lower cost of living in Mexico," remarked another expat in Monterrey, Mexico.