| Cost of Living Is the #1 Reason Expats Live in Mexico Robert Nelson - Expats in Mexico | |
| go to original April 4, 2022 |
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Puerto Vallarta Cost of Living (Living Overseas TV)
Cost of living is the #1 reason expats live in Mexico. Our new Expats In Mexico 2022 Survey reveals that when asked to choose why they make Mexico their home, nearly one-quarter of all expats who participated in this year’s study chose low cost of living as the main reason, although the Mexican lifestyle and climate also scored well.
Mexico has long been known as a low-cost haven for American and Canadian retirees and continues to rank among the least expensive countries to live. With most of the world caught in an inflationary spiral, cost of living is upper most in the minds of many expats who live here, or aspiring expats from other countries who may be planning or considering a move to Mexico.
Because of the cost of living pressures being experienced by most of us, this year’s study looks at several different cost of living expenses, including overall monthly living expenses, rent, food bill and healthcare costs.
Monthly Living Expenses
The majority – about 64 percent of respondents – say they live on a monthly budget of $40,000 pesos or less (about US$2,000 at a 20-to-1 exchange ratio).
Here is a more detailed look at monthly expenditures by budgets:
$20,000 pesos or less (20 percent of all respondents)
$20,000 to $30,000 pesos (22 percent)
$30,000 to $40,000 pesos (22 percent)
$40,000 to $50,000 pesos (13 percent)
$50,000 to $60,000 pesos (6 percent)
$60,000 to $70,000 pesos (6 percent)
More than 70,000 pesos (11 percent)
And yes, there are high-roller expats living in Mexico. Nearly 4 percent say they live on a monthly budget of $100,000 pesos or more a month, or about US$5,000 a month or more.
Read the rest of the 2022 survey at Expats in Mexico
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From the Bay & Beyond
Celebrate a Healthy Lifestyle
From activities like hiking, swimming, bike riding and yoga, to restaurants offering healthy menus, Vallarta-Nayarit is the ideal place to continue - or start - your healthy lifestyle routine.
Banderas Bay offers 34 miles of incomparable coastline in the states of Jalisco and Nayarit, and home to Puerto Vallarta and Riviera Nayarit's many great destinations.