Mexico's Cost of Living for Retirees, Expats and Digital Nomads

Cost of Living in Mexico

Living cost in Mexico is much lower compared with other developed countries, making it a desirable location for expats. Many people are attracted to the cost-effective lifestyle, warm climate, and cultural heritage the country has to offer. However, living cost in Mexico differs depending on where you live and your lifestyle choices.

Housing costs vary greatly depending on the size of the city you live in and the type of accommodation you choose. If you decide to rent an apartment or house, prices can range from $200-$700 USD per month for a basic studio apartment located in one of Mexico’s smaller cities. In larger cities like Mexico City or Guadalajara, rental prices tend to be more expensive but generally still below $1,000 USD per month for a mid-range one-bedroom apartment.

Utility bills such as water, electricity, gas, internet and TV packages will cost around $100-$150 USD per month and are generally quite affordable if compared with other countries. Food costs depend largely on how often you choose to eat out at restaurants or buy ready-made meals from supermarkets; either way they remain relatively inexpensive and cost approximately $200-$250 USD per month for an average person.

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Transportation costs depend mainly on whether you choose public transport over private transport such as taxis or car rentals. Using public buses or metro systems will cost less than $50 USD whereas renting a car can cost up to $300 USD monthly so it is important to weigh up your options before making a decision.

Overall living cost in Mexico are significantly lower than most other parts of the world but it is worth considering that these estimates may change depending on different factors including where you live and what sort of lifestyle you want to lead while abroad. Additionally, don’t forget that moving abroad involves unexpected expenses which may include visa fees and other paperwork related costs so it’s important to factor these into your budget when planning your move!