Is the cost of living in Mexico high?
We asked people about the cost of living in Mexico, they wrote...
"I have found that the cost of living in Playa is much lower than in the States. This makes living on a retiree income and budget very satisfying. Even stores outside of Wal-Mart have lower prices. And because of the currency exchange rate, I am paying less for my rent than when I first moved here," explained one expat living in Playa del Carmen, Mexico.
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Dream Pro Homes LuxuryDream Pro Homes Luxury owner Greg Gunter is the Broker for Berkshire Hathaway HomeServices offering luxury home options in the UNESCO city of San Miguel de Allende, Mexico, rated the No. 1 City in the World five years running from Conde Nast Traveler and Travel & Leisure magazines.
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"Unfortunately due to major influx of Californians, New Yorkers and big oil Texans, Puerto Penasco aka Rocky Point is no longer a destination for moderate to lower income retiree. Its a sad fact. While many bloggers, RE professionals will disagree with my view, as a retiree with median range retirement income I have watched as cost of living for serviced based needs have gone up as much as 100%. In 2018 you could buy breakfast for two at a nice restaurant for near $18 USD. Now, the same place and breakfast for two ends up much closer to $38. Beach side margaritas used to be $5- $7 in 2018. Now $10 to $12 depending on the vendor. While there are a few spots remaining reasonable, its no longer cost effective for them to remain low priced because their competitor is raking in the Cali cash. Tours and seaside adventures have gone up as well. What used to be $80 for a day at sea is now $140 per person. Even panga banana boat operator's are charging more these days and its not due to gas. Upkeep of your house. It used to be usual to pay someone to work on little projects around your house (reapplying elastomeric) for about $200 including your balusters. Not no more. $400 and up. Rentals. Jesus! American developers renting out for 1200k monthly seems like alternate reality but it's not. Gone are the days of the reasonable, and sadly that also affects the locals. Yet, since Californians stating, "its so cheap," they are leaving the rest of us in a real pickle. So. Sorry to say. Good ole Rocky point, no longer for all of us," said another expat in Puerto Penasco, Mexico.
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Other Questions:
- What should I pack when moving to Mexico?
- Where should I setup a bank account in Mexico?
- Will I be able to find a job in Mexico?
- What is life like in Mexico?
- What do expats in Mexico appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Mexico?
- Is there a lot of diversity? Are people in Mexico accepting of differences?
- What are the schools in Mexico like?
- What are healthcare services like in Mexico?
- What are medical services in Mexico like?
- Are healthcare and health insurance expensive in Mexico?
- What are emergency services like in Mexico?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Mexico?
- How are local medical facilities in Mexico?
- As a foreigner living in Mexico, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
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 joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat 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.
