Is the cost of living in Mexico high?
We asked people about the cost of living in Mexico, they wrote...
"Unfortunately due to major influx of Californians, New Yorkers and big oil Texans, Puerto Penasco aka Rocky Point is no longer a destination for moderate to lower income retiree. Its a sad fact. While many bloggers, RE professionals will disagree with my view, as a retiree with median range retirement income I have watched as cost of living for serviced based needs have gone up as much as 100%. In 2018 you could buy breakfast for two at a nice restaurant for near $18 USD. Now, the same place and breakfast for two ends up much closer to $38. Beach side margaritas used to be $5- $7 in 2018. Now $10 to $12 depending on the vendor. While there are a few spots remaining reasonable, its no longer cost effective for them to remain low priced because their competitor is raking in the Cali cash. Tours and seaside adventures have gone up as well. What used to be $80 for a day at sea is now $140 per person. Even panga banana boat operator's are charging more these days and its not due to gas. Upkeep of your house. It used to be usual to pay someone to work on little projects around your house (reapplying elastomeric) for about $200 including your balusters. Not no more. $400 and up. Rentals. Jesus! American developers renting out for 1200k monthly seems like alternate reality but it's not. Gone are the days of the reasonable, and sadly that also affects the locals. Yet, since Californians stating, "its so cheap," they are leaving the rest of us in a real pickle. So. Sorry to say. Good ole Rocky point, no longer for all of us," commented one expat who made the move to Puerto Penasco, Mexico.
"Mexico's cost of living is generally very affordable, with the cost of basic necessities such as food, housing, transportation, and entertainment well below many other developed nations. There are, however, regional variations throughout the country with certain areas commanding higher prices. Coastal cities, such as Cancún, Cabo San Lucas and Puerto Vallarta, boast significantly higher rental prices for even basic one-bedroom apartments with prices ranging from $400-$600 USD, depending on the season, while two bedrooms can range anywhere from $550-$800 USD. On the other hand, renting a one-bedroom apartment in a smaller city can cost as little as $200 USD per month, while two-bedrooms can range from $250-$350 USD. Eating out in Mexico can vary in cost depending on the location and type of restaurant, however an average dinner at a moderately priced restaurant is typically around $10 USD," remarked another expat in Mexico.
- What do I need to know before retiring in Mexico?
- How do I meet people in Mexico?
- What is life like in Mexico?
- 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?
- Is the cost of living in Mexico high?
- What advice do you have for expats having a baby in Mexico?
- What are healthcare services like in Mexico?
- Is the cost of living in Mexico high?
- What type of recreational facilities are in Mexico?
- What is the weather like in Mexico?
- Are there good restaurants in Mexico?
- Where will I buy groceries and do other shopping in Mexico?
- What are the visa & residency requirements in Mexico?
- Are healthcare and health insurance expensive in Mexico?
- 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?
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.