Will I save money living in Mexico?
We asked expats if they save money living in Mexico. They said...
"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," wrote a member who made the move to Mexico.
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"Initial indications are that living in Mexico will meet or exceed our expectations. Our motivation was to find a place where we could live within our income until such time as we may require assisted living... Having gone through a number of years of paying over $6,000 a month for a family member in assisted living was a big reason for our move. We didn't want to put this kind of burden on our children. Assisted living here, if needed, is affordable and the care meets or exceeds what we paid for earlier..," explained one expat living in Lake Chapala, 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?
Will I save money living in Mexico?
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.