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If you've ever considered moving to Mexico, one of the first questions that likely crossed your mind is, "What is the cost of living in Mexico?" After all, it's essential to have a clear picture of your potential expenses before making such a life-changing decision. At this page, we'll dive into the nitty-gritty of the cost of living in Mexico and whether the reported $1311 per month figure aligns with the average monthly salary of $627.01.
Restaurants |
Price |
World Range |
---|---|---|
Meal, Inexpensive Restaurant |
7.32 $ |
|
Meal for 2 People, Mid-range Restaurant, Three-course |
29.3 $ |
|
McMeal at McDonalds (or Equivalent Combo Meal) |
5.86 $ |
|
Domestic Beer (1 pint draught) |
1.9 $ |
|
Imported Beer (12 oz small bottle) |
3.17 $ |
|
Cappuccino (regular) |
2.38 $ |
|
Coke/Pepsi (12 oz small bottle) |
0.9 $ |
|
Water (12 oz small bottle) |
0.66 $ |
|
Markets |
Price |
World Range |
---|---|---|
Milk (regular), (1 gallon) |
1.11 $ |
|
Loaf of Fresh White Bread (1 lb) |
1.76 $ |
|
Rice (white), (1 lb) |
1.32 $ |
|
Eggs (regular) (12) |
1.65 $ |
|
Local Cheese (1 lb) |
6.23 $ |
|
Chicken Fillets (1 lb) |
5.55 $ |
|
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
8.83 $ |
|
Apples (1 lb) |
2.37 $ |
|
Banana (1 lb) |
1.1 $ |
|
Oranges (1 lb) |
1.12 $ |
|
Tomato (1 lb) |
1.23 $ |
|
Potato (1 lb) |
1.3 $ |
|
Onion (1 lb) |
1.21 $ |
|
Lettuce (1 head) |
0.84 $ |
|
Water (1.5 liter bottle) |
0.78 $ |
|
Bottle of Wine (Mid-Range) |
9.77 $ |
|
Domestic Beer (0.5 liter bottle) |
1.17 $ |
|
Imported Beer (12 oz small bottle) |
2.11 $ |
|
Cigarettes 20 Pack (Marlboro) |
3.22 $ |
|
Transportation |
Price |
World Range |
---|---|---|
One-way Ticket (Local Transport) |
0.49 $ |
|
Monthly Pass (Regular Price) |
17.09 $ |
|
Taxi Start (Normal Tariff) |
1.95 $ |
|
Taxi 1 mile (Normal Tariff) |
0.98 $ |
|
Taxi 1hour Waiting (Normal Tariff) |
7.32 $ |
|
Gasoline (1 gallon) |
1.09 $ |
|
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
17090.93 $ |
|
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
17736.25 $ |
|
Utilities (Monthly) |
Price |
World Range |
---|---|---|
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
50.84 $ |
|
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
0.07 $ |
|
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
25.47 $ |
|
Sports And Leisure |
Price |
World Range |
---|---|---|
Fitness Club, Monthly Fee for 1 Adult |
29.16 $ |
|
Tennis Court Rent (1 Hour on Weekend) |
12.98 $ |
|
Cinema, International Release, 1 Seat |
3.91 $ |
|
Childcare |
Price |
World Range |
---|---|---|
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
180.79 $ |
|
International Primary School, Yearly for 1 Child |
3790.89 $ |
|
Clothing And Shoes |
Price |
World Range |
---|---|---|
1 Pair of Jeans (Levis 501 Or Similar) |
41.66 $ |
|
1 Summer Dress in a Chain Store (Zara, H&M, ...) |
32.2 $ |
|
1 Pair of Nike Running Shoes (Mid-Range) |
72.64 $ |
|
1 Pair of Men Leather Business Shoes |
65.75 $ |
|
Rent Per Month |
Price |
World Range |
---|---|---|
Apartment (1 bedroom) in City Centre |
445.99 $ |
|
Apartment (1 bedroom) Outside of Centre |
270.78 $ |
|
Apartment (3 bedrooms) in City Centre |
785.24 $ |
|
Apartment (3 bedrooms) Outside of Centre |
560.4 $ |
|
Buy Apartment Price |
Price |
World Range |
---|---|---|
Price per Square Feet to Buy Apartment in City Centre |
1240.09 $ |
|
Price per Square Feet to Buy Apartment Outside of Centre |
890.22 $ |
|
Salaries And Financing |
Price |
World Range |
---|---|---|
Average Monthly Net Salary (After Tax) |
627.01 $ |
|
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate |
11.01 % |
|
The cost of dining varies with the type of establishment. A meal at an affordable restaurant averages around 7.32 USD, while a three-course dinner for two at a mid-range restaurant generally costs 29.3 USD.
Basic grocery prices are accessible for most essentials. For instance, a gallon of milk costs about 1.11 USD, a loaf of bread 1.76 USD, and a dozen eggs approximately 1.65 USD.
Public transport is relatively affordable, with a single trip priced at about 0.49 USD and a monthly pass around 17.09 USD. If you plan to use public transit regularly, these passes offer great value.
For an 85 m² apartment, monthly utility bills—including electricity, heating, water, and waste services—average around 50.84 USD.
For those interested in fitness and leisure, a monthly gym membership averages around 29.16 USD, while an hour on a tennis court on weekends costs about 12.98 USD.
Families looking for private childcare services will find that a month at a local preschool or kindergarten costs around 180.79 USD. For international schooling options, annual tuition can reach approximately 3790.89 USD.
Clothing and shoe prices vary widely. A pair of Levi's 501 jeans, for example, costs about 41.66 USD, and mid-range Nike sneakers are priced around 72.64 USD.
Rental prices depend on location, with a one-bedroom apartment in the city center averaging 445.99 USD per month, while one outside the center costs around 270.78 USD.
If you're considering buying property, prices per square foot vary as well. In central areas, the price per square foot is roughly 1240.09 USD, while in the suburbs, it's closer to 890.22 USD.
The average monthly net salary here is about 627.01 USD after taxes, and mortgage interest rates for a 20-year fixed-rate loan average around 11.01% annually.
Mexico
The U.S. Government advises people to "reconsider travel" to Mexico, which is the third-highest of four levels of danger.Covid-19, as well as a rise in crime and kidnappings, are the major reasons.Like many countries, some areas are safer than others.Major tourist areas are generally safe.The overall crime rate per thousand people is actually higher in the United States than in Mexico.
You need to use some common sense.Don't accept rides from independent drivers.Ride only in approved or licensed taxis, which are labeled.Get your hotel to call a taxi for you, instead of hailing one on the street.Public transportation is safe but can be crowded and uncomfortable.Generally, it is much safer than renting a car and driving yourself.
This is especially true in tourist areas, where people look for easy targets.Try not to look like a tourist.Don't flash your money or expensive electronics around in public. Keep your valuables locked up and carry as little cash as possible.Keep your papers and wallet safe.Tourist areas and large cities are the worst.
There have been earthquakes in mountainous areas, as well as hurricanes along the coast, but it is rare to have a major disaster in Mexico.Keep an eye on weather forecasts as you would at home.The infrastructure in Mexico is not that great, so if there is one, it may be worse than if you were at home. Even so, they are rare here.
Robberies and muggings are on the rise in certain areas.Even so, tourist areas are generally safe during the daytime, as is most of the country.If you stay at a resort in a tourist area, your risk is very low.If you are out at night by yourself in a city, your risk increases dramatically, just as it would in the United States.
According to U.S. Govt reports, there is no evidence of foreign terror groups having a base in Mexico or working with drug cartels.There have been very few incidents of terrorism in recent years and those were isolated cases.While terrorism could happen anywhere, there seems to be little risk of it happening in Mexico.
Especially in tourist areas, scammers are on the prowl looking for a victim.Fake taxis, fake tour operators, souvenirs, and timeshares seem to be the most common scams.One very common scam is for restaurants to have a different menu and prices for tourists than what locals get.You won't get much help from the police if you are scammed, so you need to be careful.
We say low because it really is not any different than in the United States.If you stay in tourist areas, use some common sense - don't go out at night alone - there is little danger.There have been some kidnappings, so that could be a danger.It is not good for a woman to be away from tourist areas alone for that reason.
"Montezuma's Revenge," causes most tourists who drink water to get sick for a day or two.Some are just different minerals that you could get used to. Water is contaminated in many areas, however. Ice at a restaurant may come from tap water.You will get sick from tap water, but it is not fatal or serious in most cases.
You do not need a visa to travel to Mexico.A regular passport is all you need.If you are on a cruise ship that leaves and returns to the USA, you won't even need a passport. It takes 8-10 weeks to get a passport once you have applied.The passport costs $110, but you can get a passport card for a short-term visit for $30.
The Peso is used in Mexico, and the exchange rate can change daily.The best place to make the exchange is at a bank, or at an ATM.You may also make the exchange at airports.Mexicans love to have U.S. Dollars, so take some and use them judiciously.Avoid changing money on the street as that can be a scam.
Mexico is a big country, so the weather is as diverse as it is in the United States.In the south, it is hot all the time in a Caribbean-type ecosystem.It can get cold at night in the high mountains around Mexico City any time of year. Light, loose-fitting clothing is best in summer, but bring some warm clothes if you head to the mountains.
Major cities have big airports, and some relatively small cities have them.If you are not on a cruise ship, flying is the best way to get to Mexico.The airport has taxis that will take you to town or where you need to go.Use official taxis, as there are fake ones at times.
Part of the fun of traveling is not knowing what will happen.Bad things do happen at times though, so it is a good idea to get some travel insurance.This can help you if you have a sudden change of plans, or if you get injured while in Mexico.It will give you some peace of mind as you explore and find new adventures.