Is the cost of living in Lake Chapala high?

"The cost of living in Lake Chapala is generally lower than many other locations in the world. Grocery items are generally less expensive than in the US, and eating out is often cheaper as well. Utilities, such as electricity and water, are typically less costly too. There are also many real estate opportunities available at very reasonable prices. All in all, living in Lake Chapala can be very affordable," explained one expat living in Lake Chapala, 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 Ajijic, Mexico.