Will I save money living in Cabo San Lucas?

"Living in Cabo San Lucas could be significantly less expensive than living in the United States due to the lower cost of living, including groceries, utilities, rent and entertainment. Additionally, Mexico has lower taxes, including income tax and sales tax, which could mean a reduction in overall expenses. Furthermore, the Mexican Peso is generally weaker than the US Dollar, meaning even more bang for your buck when converting currencies," mentioned another expat when asked about moving to Cabo San Lucas, Mexico.