Is the cost of living in Mexico high?
We asked people how much they someone comfortably live on in Mexico, they wrote...
"San Miguel de Allende is now one of the more expensive locations in Mexico with prices recently reported as being higher than many of the beach resorts. The town is promoted by the local politicians as an "up market" destination and it is no longer the ideal destination for ex-pats on limited budgets that it was 20 to 30 years ago. The plans to develop an international airport just outside the city will further drive this type of tourism. Obviously, it is possible to live cheaply if you avoid renting near the historic center and go for one of the more "popular" non-expat colonias. Shopping in local markets and avoiding eating out too much can also minimize expenses. The recent strength of the peso combined with high inflation has also made Mexico more expensive for ex-pats," explained one expat living in San Miguel de Allende, Mexico.
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"If one buys local or Mexican brands, food is relatively inexpensive. Eating out is 1/2 or less than in the U.S.
The cost of living monthly is dependent on:
a. If you own a home.
b. your lifestyle.
We projected that we will save between $8 -10,000 annually by living here.
Gone are the $150/mo. water and sewer bills and the $180 / gas and electricity. Every little bit of savings adds up,"
said another expat in Lake Chapala, Mexico.
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Other Questions:
- What do I need to know before moving to Mexico?
- How do I find a place to live in Mexico?
- What is a typical expat home or apartment like in Mexico?
- What is the average cost of housing in Mexico?
- Should I buy or rent a home in Mexico?
- What should I pack when moving to Mexico?
- What cultural faux pas should I try to avoid making in Mexico?
- Why do people move to Mexico?
- What are healthcare services like in Mexico?
- What are medical services in Mexico like?
- What are typical rents in Mexico?
- What appliances are typically included in a rental?
Is the cost of living in Mexico high?
If you live in Mexico, newcomers to Mexico would love to hear your answer to this question.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
