Cost of Living in Mexico. (2024)

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Food
Basic lunchtime menu (including a drink) in the business district Mex$ 311
Combo meal in fast food restaurant (big mac meal or similar) Mex$ 162
500 gr (1 lb.) of boneless chicken breast Mex$ 70
1 liter (1 qt.) of whole fat milk Mex$ 28
12 eggs, large Mex$ 47
1 kg (2 lb.) of tomatoes Mex$ 29
500 gr (16 oz.) of local cheese Mex$ 93
1 kg (2 lb.) of apples Mex$ 50
1 kg (2 lb.) of potatoes Mex$ 35
0.5 l (16 oz) domestic beer in the supermarket Mex$ 29
1 bottle of red table wine, good quality Mex$ 280
2 liters of coca-cola Mex$ 36
Bread for 2 people for 1 day Mex$ 25
Housing
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area Mex$ 22,592
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area Mex$ 11,420
Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat Mex$ 1,263
Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area Mex$ 13,608
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area Mex$ 7,701
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio Mex$ 888
Internet 8 mbps (1 month) Mex$ 425
40” flat screen tv Mex$ 6,295
Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands) Mex$ 2,721
Laundry detergent (3 l. ~ 100 oz.) Mex$ 116
Hourly rate for cleaning help Mex$ 119
Clothes
1 pair of jeans (levis 501 or similar) Mex$ 980
1 summer dress in a high street store (zara, h&m or similar retailers) Mex$ 692
1 pair of sport shoes (nike, adidas, or equivalent brands) Mex$ 1,741
1 pair of men’s leather business shoes Mex$ 1,395
Transportation
Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new Mex$ 375,809
1 liter (1/4 gallon) of gas Mex$ 23
Monthly ticket public transport Mex$ 583
Personal Care
Cold medicine for 6 days (tylenol, frenadol, coldrex, or equivalent brands) Mex$ 93
1 box of antibiotics (12 doses) Mex$ 218
Short visit to private doctor (15 minutes) Mex$ 696
1 box of 32 tampons (tampax, ob, ...) Mex$ 79
Deodorant, roll-on (50ml ~ 1.5 oz.) Mex$ 63
Hair shampoo 2-in-1 (400 ml ~ 12 oz.) Mex$ 69
4 rolls of toilet paper Mex$ 35
Tube of toothpaste Mex$ 34
Standard men's haircut in expat area of the city Mex$ 260
Entertainment
Basic dinner out for two in neighborhood pub Mex$ 396
2 tickets to the movies Mex$ 164
2 tickets to the theater (best available seats) Mex$ 829
Dinner for two at an italian restaurant in the expat area including appetisers, main course, wine and dessert Mex$ 904
1 co*cktail drink in downtown club Mex$ 179
Cappuccino in expat area of the city Mex$ 81
1 beer in neighbourhood pub (500ml or 1pt.) Mex$ 49
Ipad wi-fi 128gb Mex$ 11,173
1 min. of prepaid mobile tariff (no discounts or plans) Mex$ 2.44
1 month of gym membership in business district Mex$ 888
1 package of marlboro cigarettes Mex$ 74
Cost of Living in Mexico. (2024)

FAQs

How much money do you need to live comfortably in Mexico? ›

Key Takeaways. The cost of living in Mexico is 45.7% lower than in the U.S. You can thus get by on $600 to $2,000 a month. From rent to groceries, utilities to an internet connection, and dining out to transportation, everything is more affordable in Mexico compared to the U.S.

Can you live comfortably in Mexico for $1000 a month? ›

Living in Mexico for $1000 a month is feasible, especially if you adapt to the local lifestyle. Renting a modest apartment, eating local food, using public transportation, and taking advantage of the national healthcare system can help you live comfortably within this budget.

Can I live on $500 a month in Mexico? ›

Living in Mexico on $500 a month – is it possible? Believe it or not, it is possible to live on $500 a month in Mexico. But the real question is, “Do you really want to do that?” The lifestyle with that budget won't suit most people, and you might not survive long if you're living that frugally.

Can I retire in Mexico on $1500 a month? ›

In America, a typical retiree spends $4,345 on average, whereas the cost of living in Mexico for a single person can vary between $600 to $2,000 a month. Many expats report living comfortably in many areas of Mexico for $1,500 a month as well.

Where is the cheapest and safest place to live in Mexico? ›

The city in Mexico considered the safest with the lowest crime rate is Merida, located in Yucatan. This is also one of the most affordable cities in Mexico, making it a popular destination for retirees and expats. Merida's low crime rate makes it an excellent choice for visiting and living in.

How much does a house cost in Mexico? ›

Data provided by the Federal Mortgage Society, shows that the average house price in Mexico has increased to $90,850 in the first quarter of 2023, up 11.7% against the same period last year.

How much is rent in Mexico in US dollars? ›

The monthly rent for a one-bedroom apartment in an average area of Mexico City will cost about USD$400-$500. In a nicer area, expect to pay around USD$680-$830 per month. As in most cities, going outside the city center will allow you to spend less.

What is Mexico's living wage? ›

Living Wage Individual in Mexico averaged 4232.50 MXN/Month from 2015 until 2018, reaching an all time high of 4320.00 MXN/Month in 2018 and a record low of 4130.00 MXN/Month in 2017. source: WageIndicator Foundation.

Where is the most affordable place to live in the world? ›

The cheapest places to live are Pakistan, Egypt, Nepal, Bhutan, and Burundi. In these states, a person needs less than $430 per month to live comfortably. According to crowd-sourced databases, the most expensive countries in the world are Monaco, Singapore, and Switzerland.

How much money do you need to get permanent residency in Mexico? ›

Residency in Mexico Through Monthly Income

If you are applying for residency in Mexico using your monthly income to fulfill the financial criteria, you have to ensure that your monthly income is at least USD $4,350 for temporary residency and USD $7,300 for permanent residency.

Can Americans live full time in Mexico? ›

Do you Want to Move Full-Time or Part-Time? Yes, you can go all in and decide to make your move to Mexico permanent but there are also lots of other options. Think about the lifestyle you want and what makes the most sense for you and your family. We live in Mexico full-time now.

How many pesos to buy a house? ›

In the third quarter of 2023, Mexicans paid on average 1.6 million Mexican pesos to acquire a residential property. Compared to the same period of the previous year, the nominal price increased by nearly 15 percent.

Can I collect social security and live in Mexico? ›

Most U.S. citizens can get Social Security benefits while visiting or living outside the U.S. Find out if you qualify, how to apply, and who to contact to get help.

Will Mexico tax my social security income? ›

You will have to pay social security taxes in Mexico either to the US government or Mexico (but not both). Which government you pay social security to depends on how long you intend to stay in Mexico.

How much money do you need to live a good life in Mexico? ›

The price of many necessities is significantly less than in the United States. It is estimated that a single person will spend about MXN 10,733 per month, which is equivalent to USD $626, while a family of four will spend about MXN 38,636 per month, which is equivalent to about USD $2,254.

How much money do I need to save to move to Mexico? ›

Estimated Costs To Retire in Mexico

For permanent residency, applicants need proof of $4,300 to $4,500 in monthly income over the past six months or a minimum $180,000 savings balance each month for the past year.

What is considered a living wage in Mexico? ›

month/estimate (MXN/USD):

Regarding the municipality of San Quintín, the updated net living wage, or take-home pay, for 2022 is MXN 14,213 (USD 700) per month. The gross living wage (aka living wage), which also considers income taxes and mandatory payroll deductions, is MXN 16,829 (USD 828) per month for 2022.

Can you retire in Mexico and collect social security? ›

Most U.S. citizens can get Social Security benefits while visiting or living outside the U.S. Find out if you qualify, how to apply, and who to contact to get help.

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