Is the cost of living in Mexico high?
We asked people how much they someone comfortably live on in Mexico, they wrote...
"San Miguel de Allende is now one of the more expensive locations in Mexico with prices recently reported as being higher than many of the beach resorts. The town is promoted by the local politicians as an "up market" destination and it is no longer the ideal destination for ex-pats on limited budgets that it was 20 to 30 years ago. The plans to develop an international airport just outside the city will further drive this type of tourism. Obviously, it is possible to live cheaply if you avoid renting near the historic center and go for one of the more "popular" non-expat colonias. Shopping in local markets and avoiding eating out too much can also minimize expenses. The recent strength of the peso combined with high inflation has also made Mexico more expensive for ex-pats," remarked another expat in San Miguel de Allende, Mexico.
"I live in San Miguel de Allende and this is a tourist and expat destination with a dollar economy. Supermarket and utility prices are on par with the rest of Mexico but rents, wages for staff and service providers are high. A meal in a mid market restaurant will cost $US100 for 2 without going overboard and nearer US200 if you go for expensive cocktails, brandy or tequila. Rents var enormously depending upon location so you can find a 3 bed house in a so so area for US$450 but in a better area will be $900-1200 and in the historic center the sky the limit. Medical costs - a consultation with a general doctor or specialist US$40-50, blood/urine analysis US$100. Excellent medical services but if you need hospitalisation, long term cancer treatment etc you need to budget US$1m+ say for 5 years of chemo, radio, surgery and end of life care. Although private medical care is far less expensive than in developed countries it soon adds up and for me at age 68 in pretty good health, medical expenses insurance premiums and pay as you go represent 30% of my monthly expenditure. For young families you must budget for private education and medical/dental care," said a member in Mexico.
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Welcome Home Mexico occupies a niche in the market as a successful relocation and real estate firm helping expats moving to Mexico! As seen on CBS news, PBS, in the L.A. Times and more, we are one of the leading companies in this field. Welcome Home Mexico offers a wide range of services, multi-lingual knowledgeable brokers with experience, efficient and professional service.
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Other Questions:
- What should I pack when moving to Mexico?
- Where should I setup a bank account in Mexico?
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- 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.