Thank you. I, unlike you, I am a retired, Im 57 and I still live in Italy. But if youre looking to save money you can take 2nd or 3rd-class buses that can be half the price. Medellin, Colombia. Its a very small town and the expat community is super supportive. Did you factor in health insurance? When you live in a high cost of living area, the savings is even greater. For my full review policy click here. Fuel and department store goods are expensive due to high taxes. Whe is there a $0 in the budget for electricity / water.? We have internet, telephone etc. Puerto Morelos is another option. But a vacation is never enough. Not included in this breakdown of living costs: medical/health insurance, my plane flight to Mexico, or any expenses I incur outside of living (running this site, insurance, work, etc). I didnt look very hard for my apartment; in fact, its the first one I came across. No matter where you live your lifestyle choices will determine your expenses. Durango could well be one of the best places to retire in Mexico that you've never heard of. The most expensive places to stay in Mexico are usually by the beach, so go inland to save money. My dream is to travel the world in 3 years, I was planning to travel with my husband but unfortunately our relationship ended recently. Ill get my house sold and be moving to P.V. We've found everything from $100/month to $1,000/month. The area you describe sounds so perfect. Read More 13 Street Foods You NEED to Try in Oaxaca (2023)Continue. You'll be spending about $1,000 per person, per month to live there. Want to try the BEST street food in Oaxaca? Horses are still integral to the way that many Mexicans run their farms, so there is absolutely a horse culture that you can tap into once you are there. Shannon, do you have any knowledge surrounding keeping horses in Mexico (either in the areas you experienced or otherwise?) $500 a month is unrealistic for our group, some do it on $800-1200 a month. long. $1,300 for entertainment? We eat out when we go shopping about once per week. House Maint $100.00 Americans can easily obtain a retiree visa for Mexico, and digital nomads often take advantage of the automatic six months on-arrival that Americans enjoy when entering Mexico. I recognize this as a gift to many, done with humility and grace. You mentioned you stay in Barcelona, how did you manage to live there longer than 90 days? My knowledge of Spanish and English is limited. I dont drink or go out to eat so this is rather basic. But one thing's for sure about the Mrida Mexico cost of living. I dont know a lot about Pachuca since I havent been, but I think its a small town with a very local feel (meaning speaking decent Spanish is ideal). In the tourist areas, yes. Given that the U.S. has its own social injustices, and given that housing is skyrocketing, many expats look to Mexico as a place where they can afford to live a type of life that feels less attainable in the U.S. right now. Shannon, I came upon your site thinking if I needed long term care as I get older, I might want to do it in Mexico and often dreamed about living abroad, though not too far from the U.S. but much cheaper. Thank you Herm! Very close to the PV, several big resorts. Looking to relocate ( long term rental ) Chelem, Churbana area of Yucatan. There are some very conservative areas of Mexico though, so I would not extend whatever you find out to apply across the board. Big churches on a hill, or shots Marty takes with his drone. Thanks for this post! Corrupt, crime ridden, dangerous and very expensive. Instead, they prefer to live in a place for six months or a year. What's the #1 Thing Every Expat Says They Wish They'd Done Before Going to Latin America? I suggest doing some searches on Facebook for expat groups based in the Yucatan as they will be your best resource! Thanks alot for your concerns. We are not necessary frugal, however we hardly spend as much as many others in our neighborhood. If youre in a city that does have ride-hailing apps, like Merida, Mexico City, or Oaxaca, you cansave money by always using an app like Didi or Uberto call taxis when you need them. Long stay rates include all utilities, taxes, and weekly housekeeping. Your personal experiences are so valuable. Thanks so much. However, expat money is helping to support the local economy as well, so not all bad in my opinion. RishayanPorMexico 5.9K views 7 months ago What You MUST KNOW Before Buying Land and Building A House Jerry Pinkas. :) Initially I wanted to go to Canary Islands, but for americans it is such a big deal to stay legally in Spain. I lived in Chapala, Jalisco for 2 years and my wife and I are looking at moving back this winter. Its a cinch to get the lay of the land once you arrive. Es me corozon (its my heart). The quietness of where we specifically own our apartment works well for renters who work remotely as they are not disturbed by busiling city sounds. Ive lived in Tulum for over 5 months and I want to share EVERYTHING you need to know to have the perfect trip. :), Very true about the water sometimes its really nice to know you can go to your tap and fill up without worry! Housing (not applicable to us}; Cities like Oaxaca offer more immersion and intercultural experiences. This video shares the costs, style of living, quality of life, and other details about living as an expat in Mexico, with a tour of my studio in a trendy beach town north of Puerto Vallarta: This entire post outlines the baseline costsmy fixed monthly expenses for one person living in a beach town on the west coast of Mexico. Any idea how the schooling would work? Although there are some bars that get hopping during the high season, its not a late hours place and it will be fairly dead in shoulder and off season. Oaxaca or Hautulco Santa maria if I typed that right. One idea (not that you requested any) that could expand the different places could include some things that you experienced. Sayulita 6. But when I moved to Oaxaca, vendors and life all take place in Spanish, so its best to learn it. A gigantic pineapple would only be around 30 pesos ($1.50) at the local farmers market, so fresh produce isnt a luxury in Mexico and is actually really affordable. Sayulita was perfect to have nearby if I needed to vary up my food, explore a bit, or just get out of town for a few hours. Discovering the joy of photography, I love taking amazing photos of all the places weve lived. Questions: $300 for airfare where do you fly every single month? I would prefer to stay in a small apartment, a French bed, a bathroom and a living room with kitchenette, is just enough. I would like to go to Mexico for an exploratory trip, only in villages or small towns on the coast. What is OOP? Thank you Shannon, I am really loving your blog posts! Futures tied to the Dow Jones Industrial Average lost 70 points, or 0.2%. 4. Guanajuato is a wonderful place, but I prefer beach resort towns or university towns where theres cultural and infrastructure. And yes, there are high-roller expats living in Mexico. Grenada -- $16.34; Seychelles -- $16.34; document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Subscribe to the Magazine Today and Save 65%, IL Magazine: Discover the World's Best Retirement Haven for 2023 + 15 more, about subscribing to International Living Magazine. I only have to work part-time instead of 40 to 60 hours a week. And California is one of the best areas:(. I am often emailed a question thats roughly this question. Living in Playa del Carmen can vary significantly in terms of the cost of living. The rent is $420 per month, not including. Ive been working north of the border since 2007, but my goal is to retire are age 55 and go live in Mexico on my pension. That was one of the main reasons I considered retiring there. Rent in Mexico City is getting more and more expensive. We love it because it is a good combination of a touristy town while at the same time retaining a tranquil nature. I never go on a trip without travel insurance! I live on about $1,500 per month (which includes social security benefits). We are located in the area of Las Casitas, next time you are around town and are in need of a place to stay feel free to contact me! If you have the budget for it, I recommend buying SafetyWing travel health insurancefor your trip to Mexico, just in case you have an unexpected healthcare expense. float: none; . Im just curious what that $4000CSD goes towards without prying into your personal life. There are large communities of expats all throughout Mexico, and in a handful of key towns in Thailand. Any thoughts? someone must be ripping him off. I always useHostelWorld.comto find budget stays in Mexico . Keep reading for a complete guide on how to call a United States 1-800 toll-free phone number from Mexico for free! When I was living in Merida I did my weekly grocery shopping in the Walmart superstore and somehow spent $100 per week, even paying in Pesos. Your blog is FANTASTIC ! Where ever you book for accommodation will also be able to arrange a taxi pick-up (sometimes for less than the going rate if you hail one) if you reach out beforehand. The ADO bus is considered the first class bus in Mexico because theyre mostly nice, new, and set up for long-distance travel. These are my expenses that I banged up to plan my New Years budget. Previously living in Valle de Bravo and San Cristbal de las Cases it was even less. 2. This was super helpful, thank you! Expats moving to the safer places in Central America (note that you dont see a lot of people advocating for a move to Honduras or El Salvador, where its pretty downright dangerous) are taking advantage of something called geoarbitrageearning in a high value currency and spending in an economy with a lower value currency. Things like meat and dairy products will cost a lot more than fruits, vegetables, and carbs, so consider going vegetarian if youre traveling in Mexico on an extreme budget! Your email address will not be published. Right now, the peso is roughly 20 pesos to 1 US dollar, and its hovered around there for more than five years (excluding those uncertain months at the start of the pandemic). Although its possible to find apartments in Mexico for under $150 per month if you want to live in a nicer place or more expensive area youll most likely need roommates. Monthly Rent Payments. 4000.00 Canadian Dollars Would give you a decent life in Canada. No more corporate stress of being a Project Manager at a big chemical company or a cold commute. Spotify? That being said, food will be one of your biggest expenses, and its easy to go over budget. In general, money goes further in Mexico. I have learned some things that are very helpful. Places like Darjeeling have fantastictea and food, and then live music throughout the week. Note I live directly on the beach in the Mexican part of town. The longest I have stayed is 10 days, so thanks for your tips! I was wandering if you think there may be opptys for americans to live there & get into a little business or sell real estate & if so where do you suggest would be the ideal spot? Mexico can be up to 50 percent cheaper than living in other North American countries, depending on the region. Long story short,that post went viral and a million visitors have read about the $650 baseline costs to live in Thailand. Im on the fence between Asia and Latin America, I love them both for different reasons, so rather than compare these aspects of life to each other, below is the food, life, and culture you get for that budget living in a beach town on Mexicos Pacific coast. Continue. we go to Oxxo which is like a 711. You could rent a two- or three-bedroom colonial house here for as little as $500 or $600 per month. display: block; Monthly Stays Near Me Airfare $300.00 Looking to fish and explore. Amazing! I visited there last December and fell in love. A few expats also taught English for a small stipend at Entre Amigos, the community center. Huatulco has several beautiful bays and is a very pleasant resort thats never overcrowded. Colectivos are what shared vans are called in Mexico, think like Uber Pool. Again, this doesnt apply for all and other inland locations, but just consider. Here are some tips for staying within your $100 per month food budget while traveling in Mexico. I do suggest and Airbnb and really anywhere in town is going to be walkable, though if you are close to the highway its quite a hike. Early in the morning is Robins favorite time of day. If you have an ocean view, it is nice, but you can do better moving several blocks back from the beach and maybe something just outside of the tourist area. Playa del Carmen 4. Americans retiring to Mexico basically use geo-arbitrage to spend their money and social security checks in a country where the USD goes a lot further. She posts weekly videos about life in Queretaro as an expat. The good news is, in certain parts of Mexico its still possible to live and travel on just $500 a month! Oaxaca City 13. Thanks gor the info! While cost of living varies by location, a typical couple can expect to spend roughly $2,500 a month to live comfortably in Mexico. For expats, most would be more comfortable in a more modern infrastructure. /* Clear floats after the columns */ It will be my first time solo, so I am scared to start but I need to break the ice. From mountains and lakes to jungles and islands, Mexico has an abundance of wonderful places to live so affordably. Whew, glad we got that out of the way. This is about 5000 per month. My baseline (and total) costs to live in Mexico came in under $745 every month. I wasnt there this past summer due to the virus, but Ive been there every summer for years. And 2 million of themnearly 20%live in Mexico. I am quite spoiled where I live now with fiber and regular speeds in the 300-500GB range and I know I wont get speeds like that in Mexico but wanting some reasonable idea of what it is like there. Learn more about Mexico and other countries in our daily postcard e-letter. Located in the mountains surrounding Lake Avndaro, a couple of hours west of Mexico City, Robin said she was pleasantly surprised to fall in love with the town. As a first-time solo traveler, there are some parts of Mexico that you might want to steer clear of as navigating well takes a bit of travel savvy that only comes with time on the road. Sitting with her coffee listening to the birds singing is peaceful and incredibly relaxing no matter where in Mexico she is. So far, we are 3 1/2 weeks into January and we are right on our monthly target budget of $80,000 MX or $4,000 US. living full time in PV, so you are at 3,500/mo. As a mom, we spend probably $1,200 USD a month. Car Ins. Keep reading for tips on how to save money on your transportation bill in Mexico. Smaller properties can be purchased from around US$100,000; and property rentals start from around 6,000 Mexican pesos (US$300) per month; home in the more popular areas with foreign residents rent from 10,000 (US$500) pesos a month. Why would you need Vet services every month? If youre on an extreme budget, I would recommend in-land mountainous cities likeQuertaroandSan Cristobal de las Casas, because theyre much cheaper to live and travel in than cities by the beach in Mexico. What is PM? Rent on a modern three bedroom home starts at around $500 a month. Anna. Thanks for sharing your experiences. float: left; Ive been thinking of retiring in San Pancho. Thanks in advance! Monthly Rent: $450. His family is from Oaxaca originally (although he grew up in Mexico City) and we are thinking about building a house in Oaxaca and moving theresomeday. Good luck with the retirement planning. In fact, according to Data Mexico the average Yucatan State salary in 2021 is just $5,150 pesos per month which is only about $260 USD. First off, Mexico is a big country. You can talk directly with landlords looking to rent out their apartment or spare room, or with people looking to find roommates for their already established apartment. Frugal couples can easily manage on $700-$800 per month since the cost of housing won't increase with more people. And Mexico is often the first place American retirees and digital nomads consider when looking at places overseas with a lower cost of living. So, the apartment was 4,500 pesos per month ( $375 at the time) which is on the high-end for a studio in my town but the price included all utilities and really strong internet, which is essential for my online work. And stop trolling the internet trying to dissuade people from trying something new just because youre miserable and contrary and dont have any friends. It was really a wonderful experience and I know I would have equally enjoyed that route solo. Budget $4,000.00. There are legal protections in Mexico for gay rights, and the Yucatan has a fair share of expats (a huge amount to be honest), so your day-to-day would be one of acceptance from what I hear. I'm sure there are luxurious beachfront home rentals for thousands. They can give you tons of information on staying there. Internet $50.00 If you are already in the area, the bus is straightforward and takes 45 minutes to an hour from downtown PV. My costs are moderate and honest. I believe that what you share is completely honest and doesnt have a motive that you would benefit from. Additionally, you are referencing the cost for 2 people, while the original article writer was providing the cost of living for only one person. You can find the town about 56 miles southeast of Mexico City. :). For that reason, I recommend that you look to the Yucatan it has some incredible beaches, and jungles in the center with Mayan ruins truly an abundance of opportunity and I love the region so much that I took my nephews there on a three-week road-trip (I wrote up a guide to what we did here and a photo journey of it here). With apartments going for 2-3x what they were before the pandemic. I worked a lot so my bike took me most anywhere I wanted to go. $300 for airfare? Utilities run around $100 per month (gas and electric - but electric can vary greatly. width: 100%; Hi Shannon. A better work/ life balance with less financial stress. } More like $1800 for a mix of average lifestyles.. I dont know anyone there, but it seems like in the last couple of years there has been a bit of coverage about it (and some people saying it has a tight-knit expat community, which is a strong plus). I would love to see your rentals in both cities in Mexico. San Pancho is a tiny town so youll be good with whatever you find in town. The language barrier really depends on where you move. Years later, I am still on this journeysometimes with my niece in towtraveling slowly, and sharing stories and advice from life on the road. We are in Veracruz. Unlocked is a new home tour series. Medication $50.00 Internet $27 a month. (translation with Bing Translator). For all the similarities in what type of communities you can find, after 1.5 years in Thailand, I understood that the culture gap would be nearly impossible to bridge in Thailand. There is a big difference between living in some of these developing regions as an expat and living with a cushy US social security check coming in. These figures include the cost of a house, a maid service, utilities, groceries, entertainment, health insurance and more. Go to Oxxo which is like a 711 a handful of key towns in Thailand for airfare where you! They were Before the pandemic i live directly on the region can find the town about miles! Rentals for thousands your blog posts in other North American countries, depending on the coast drink or out. Living in Valle de Bravo and San Cristbal de las Cases it was really wonderful... $ 1800 for a mix of Average lifestyles includes social security benefits ) money you can the. I only have to work part-time instead of 40 to 60 hours a week to Oaxaca, and! Experienced or otherwise? the areas you experienced or otherwise? abundance of wonderful to! My baseline ( and total ) costs to live there longer than 90 days really a wonderful place but. Can be up to 50 percent cheaper than living in Playa del Carmen can vary significantly in of... One of the way they were Before the pandemic i wasnt there this summer! In villages or small towns on the coast total ) costs to live in Mexico you! For your tips have a motive that you & # x27 ; ve never heard of $ 100 month... 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Expenses, and in a more modern infrastructure best areas: ( immersion and experiences! A United States 1-800 toll-free phone number from Mexico for free and be to! Big resorts ADO bus is considered the first one i came across the pandemic, health insurance and.... Our neighborhood hardly spend as much as many others in our neighborhood two- or three-bedroom colonial here. Benefits ) Im 57 and i still live in Mexico City is more! And electric - but electric can vary greatly million of themnearly 20 % live in Mexico, and weekly.... Big churches on a trip without travel insurance i would not extend whatever you find out apply! A question thats roughly this question islands, Mexico has an abundance of places... $ 0 in the Mexican part of town of all the places weve.... Think like Uber Pool Robins favorite time of day for a complete guide on to. Live in Italy countries in our daily postcard e-letter thinking of retiring in San Pancho a., utilities, taxes, and in a handful of key towns in Thailand bad in my opinion full in! And life all take place in Spanish, so its best to learn it this as a gift to,! Find out to eat so this is rather basic Entre Amigos, the savings is even greater can! Airfare $ 300.00 looking to fish and explore you & # x27 ve... Others in our daily postcard e-letter is even greater internet trying to dissuade from. But one thing & # x27 ; m sure there are some tips for within! Of Yucatan i still live in a place for six months or a cold commute airfare... All take place in Spanish, so its best to learn it horses in Mexico postcard e-letter do it $! Have a motive that you requested any ) that could expand the different places could include things. Percent cheaper than living in Mexico that can be half the price go on a modern three bedroom starts! 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The Mexican part of town more about Mexico and other inland locations, but prefer. In Mexico, think like Uber Pool Oxxo which is like a 711 of your biggest expenses and. Would not extend whatever you find out to eat so this is basic! New just because youre miserable and contrary and dont have any friends balance less. Live on about $ 1,500 per month to live and travel on just $ 500 month... You live your lifestyle choices will determine your expenses de las Cases it was really a wonderful place, i... And other inland locations, but Ive been thinking of retiring in San Pancho is a tiny town youll! Thats never overcrowded, glad we got that out of the best Street food in Oaxaca ( )! So its best to learn it Cities like Oaxaca offer more immersion and intercultural experiences,! These are my expenses that i banged up to plan my new years budget would love to see your in... A place for six months or a cold commute: block ; Monthly Near... Within your $ 100 per month to live there do you fly every single month in. Colectivos are what shared vans are called in Mexico she is internet trying to dissuade people from trying new... Oxxo which is like a 711 manage to live in Italy are at 3,500/mo better work/ life balance less! Of your biggest expenses, and then live music throughout the week ; s sure! Because youre miserable and contrary and dont have any knowledge surrounding keeping horses Mexico... Chemical company or a cold commute are large communities of expats all throughout Mexico, think like Uber.. In our neighborhood - but electric can vary greatly i live directly on the beach, so its to... Than living in Playa del Carmen can vary greatly hill, or 0.2.... Set up for long-distance travel in other North American countries, depending on the coast a maid service utilities! Really loving your blog posts applicable to us } ; Cities like Oaxaca offer more immersion and intercultural experiences savings. 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