Is the cost of living in Guanajuato high?

"The cost of living in Guanajuato, is relatively low compared to many other regions in the world. Renting a nice 1 bedroom apartment in Guanajuato will cost between $300 and $400 US Dollars per month, while a nice 2 bedroom apartment will typically cost around $500 US Dollars. Eating at a moderately priced restaurant for dinner should cost no more than $10-15 US Dollars per person," remarked another expat who made the move to Guanajuato, Mexico.