Cost of Living in Mexico May 19
The Cost of Living in Mexico
Depends on Your Lifestyle
When You Live or Retire in Mexico
If you have been researching and planning to retire in Mexico, you may have noticed that it’s hard to get solid information about the cost of living in Mexico.
I have good news. You can breathe a sigh of relief because you’ve just found a useful source of information.
The cost of living in Mexico is quite varied. Imagine trying to tell someone from Europe what the cost of living is for the entire United States. Well, it’s that hard to describe the cost of living in Mexico — yet it’s crucial information for anyone planning to live or retire in Mexico. Additionally, there aren’t the same sources of information on the Internet as there are for the U.S. and other similar countries. Getting solid information about Mexico is a little like reading the paper through a glass of water.
To help my readers I have devised a unique way to elucidate the cost of living in Mexico. I describe three levels of lifestyle (low, medium, and high) and give prices — as references — at Cuernavaca prices. These three “lifestyle levels” provide a snapshot that will allow you to imagine how you would like to live in Mexico once you retire here. You can then use them as starting points to plan accordingly for your retirement.
You wouldn’t buy a car without first researching its safety, comfort, reliability, and gas mileage.
DON’T MAKE THAT MISTAKE WITH MEXICO.
There’s NO NEED to make planning to retire in Mexico like reading the newspaper through a glass of water when you can have REAL ANSWERS. Treat yourself to a book which will clear up your doubts.Â Click here to learn how.
The pricesÂ I giveÂ are estimates that will give you ballpark ideasÂ of how much it costs to live a certain way. Keep in mindÂ that in additionÂ to your lifestyle, the cost of living in Mexico also depends on where you live. We all know that it costs less to live in Virginia than it does to live in San Francisco, California. In the same way, it costs less to live in Morelia, Michoacan than it does to live in Mexico City or Cuernavaca.
Keep in mind that really touristy areas, such as Los Cabos and Cancun, cost much more. Also keep in mind that if you donâ€™t need to work and can handle a less â€œmodernâ€ city, you can find lovely places in Mexico with much lower prices. If you do need to work, you need to consider the amount of industry or tourism in the area.
Once you get serious about living in a particular area, you can use the ideas on this page and in my e-bookÂ to investigate the actual prices and cost of living in your area of choice.
The Cost of Living of the “LOW” lifestyle Level in Mexico:
This lifestyle is rustic in many ways compared to life in the US, but covers the basic needs (you have to actively define your basic needs). See letting go of materialism for a simple lifestyle to read about peeling your lifestyle-onion.
This lifestyle costs a total ballpark figure (in Cuernavaca) of about XX,XXX to XX,XXX* pesos per month for two people.
*To see the prices and read lots of important information about life in Mexico that’s not available anywhere else, read the e-book called “detailed and thorough” by the owner of mexicoadventure.com.
At this lifestyle level, eating out consists of tacos and comida corrida, with a very occasional trip to a more expensive restaurant. It involves eating very few packaged foods and shopping for fresh meats and vegetables at the market, rather than in a supermarket. It does not include many movies, nor many trips in a taxi. It might include having one economical car per family and may include one or two extras such as exercise or language classes, but the extras have to be prioritized. For example, â€œDo we want cable TV or dial up internet service?â€
Housing at this level costs between X,XXX and X,XXX* pesos per month, with X,XXX* being most common. Youâ€™d have to get lucky to find something for less than X,XXX*/month. At this lifestyle level, features of the housing are considered separately. It is possible to find the ones that are most important to you, but probably not all of them together (that would jump you up to the medium level).
*To see the prices andÂ get the information you needÂ about realÂ life in Mexico, read the e-book Mexico: The Trick is Living Here.
“I bought a copy, and I think I struck a wonderful bargain.” — Michael Greene, Online Instructor.
Note: at this level of lifestyle you have to buy ALL of your own appliancesâ€”even your shelves and cupboards. Small, less expensive stoves and refrigerators are available.** You will have a wider range of appliance options than are available up north. If you can purchase these, then it represents a one-time purchase rather than a cost that would otherwise be included in the monthly rent.
Features to consider are the following:
1.Â There may be asbestos in the roofing or water tank
2.Â A separate sink in the kitchen and bathroom
3.Â Hot water to the kitchen
4.Â An outside area to put a washing machine (covered vs not covered)
5.Â Private area to hang clothes to dry
6.Â A private vs. shared patio area
7.Â Space for plants in a patio area
20. Other kinds of pollution, such as smells from food stands
21. Safety of neighborhood
22. Frequency of bus service (I recommend that it come by at least every 15 minutes because this lets you get by without a car)
23. Protected off-street parking for a car (room for two may be too much to ask for)
24. Stores within walking distance
*To see the rest of this list and read lots of additional information about life in Mexico that’s not available anywhere else, read the e-book Mexico: The Trick is Living Here.
The Cost of Living of the “MEDIUM” lifestyle Level in Mexico:
This lifestyle is simpler in many ways compared to life in the US, but doesnâ€™t force you to peel your lifestyle-onion down very much.
This lifestyle costs a total ballpark figure (in Cuernavaca) of about XX,XXX to X,XXX* pesos per month for two people.
Conveniences at this lifestyle level often include….
*Don’t stay blind to the realities of living in Mexico. To read the rest of this section get the all new Second Edition of Mexico: The Trick is Living Here.
The Cost of Living of the “HIGH” lifestyle Level in Mexico:
This lifestyle can actually be more luxurious than life in the US….
*To read the rest of this section get the all new Second Edition of Mexico: The Trick is Living Here.
“…forthright and entertaining…” –Michael Greene, Online InstructorÂ
**To see some of the variety in appliances available, click here. When you get to the site, click on Electra.com, then where it says “buscar” type in the words â€œEstufasâ€ and â€œRefrigeradores.â€ Itâ€™s not really easy to see, but some stoves donâ€™t have an oven under them, and many of the fridges are actually slightly bigger than our mini-fridges (you know the ones college students have in their dorm rooms).