Mexico
Cost of Living in Mexico
Last updated on Feb 20, 2023
Summary: The cost of living in Mexico is generally lower than in the United States. A nice one bedroom apartment in Mexico can cost anywhere from $400 to $800 USD per month, while a nice two bedroom apartment can cost from $600 to $1,200 USD per month. The cost of dinner at a moderately priced restaurant in Mexico is usually around $10 to $15 USD per person.
Is the cost of living in Mexico high?
We asked people how much they someone comfortably live on in Mexico, they wrote:
"I think that is a very personal question. You CAN find rental houses for about 5000 pesos per month, plus power and water, telephone and satellite. Then it depends on wether you eat the local fruits and vegetables or want something imported. Beer and alchohol are very reasonably priced, walking on the beach is free. I expect that for about 1000.00 US a person could live here comfortably. For 2000.00 you can live VERY well," said one expat in Manzanillo.
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Expat Health Insurance in MexicoWilliam Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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Will I save money living in Mexico?
"Living in Mexico can be a cost-effective alternative to living in the United States. Many people report saving money through lower costs of housing, utilities, food, and transportation. Additionally, the cost of living in Mexico is generally lower than in the U.S., making it possible to enjoy a higher standard of living with a smaller budget. With the weaker peso, it is often possible to get more bang for your buck, or achieve greater purchasing power with the same amount of money," explained one expat living in Mexico.
"While things were not as cheap as I'd heard, we are able to live a nice life on our income. We DID pick a popular city on the coast, so prices are higher here than in smaller towns," said one expat in Mazatlan.
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What is the average cost of housing in Mexico?
If you are thinking about moving to Mexico, cost of living in probably a key consideration. Expats commented about the cost of housing:
"Thank god the company pays for it. The cost for an apartment is anywhere from $1,800 usd to over $5,000 usd. We are currently paying $3,800 per month utilities included," remarked one expat in Mexico City.
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William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
What are typical rental prices for expats in Mexico?
"The rental costs of nice 1 bedroom apartments in Mexico usually range from $400-$700 USD per month. For a nice 2 bedroom apartment, the cost increases to $700-$1000 USD per month," remarked one expat in Mexico.
What appliances are typically included in a rental?
We asked foreigners in Mexico what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Generally, rental properties in Mexico come with basic appliances such as a refrigerator, stove, and washing machine. Some properties may also include air conditioners, microwave ovens, and/or coffee makers. Depending on the property, some additional features such as a dishwasher may also be provided," commented one expat living in Mexico.
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.
Other Questions:
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- What do I need to know when buying property in Mexico?
- Are foreigners allowed to own property in Mexico?
- What appliances are typically included in a rental?
