Cost of Living in Mexico City (2024)

One of my most popular Youtube videos is about the cost of living in Mexico City and for some strange reason, I’ve never thought about making it into a blog post.

Well, now I have. This post is meant to help anyone who is considering moving to Mexico City or just anyone who is curious about how much my bills are.

If you’re a “digital nomad” and you’re planning on spending some time around Mexico, I highly recommend Mexico City as a stop on your itinerary.

There is so much to love about this city and the cost of living is pretty low (especially compared to other major cities around the world).

Cost of Living in Mexico City

Cost of Living in Mexico City (1)

How Much is Rent Mexico City?

Rent can be slightly more expensive than you might have originally thought. It’s certainly going to be your biggest expense when considering the cost of living in Mexico City, especially if you want a modern place.

If you want to live in one of the more popular expat suburbs like Condesa, Roma, or Polanco, you can expect to pay upwards of 10,000 pesos per month to have your own one-bedroom apartment.

With the current exchange rate (as of October 2019), that equals about $520 USD. This doesn’t include any bills and most apartments around the city that have doormen, garbage collection, and/or parking spaces have a monthly maintenance fee of about 1,000 pesos (roughly $50).

Those are just starting prices and while you can definitely score a place for much less, and if you’re willing to have a roommate, you can get it for even cheaper, you can also pay a lot more.

I know someone that lives in a brand new apartment building in Roma Norte. It’s two bedrooms, it is on the top floor so they have sole access to the rooftop and all of the appliances are shiny and new.

They pay almost 30,000 pesos a month including maintenance, but not including bills.

That’s about $1,500 which is a LOT in Mexico City in my opinion. But they do have an incredibly nice apartment.

I can’t even imagine how much that same apartment would cost in New York or London.

I live just west of Polanco in the State of Mexico. On a good run, it takes me about 20 minutes to get into the city center in an Uber.

I live in a three-bedroom apartment with a large living room and a good-sized kitchen. Our building doesn’t have an elevator, so we have to walk up three flights to get to our apartment. It costs 9,000 pesos per month. That’s about $450.

That includes the maintenance, but of course, not the bills.

You can see an apartment tour here.

Cost of Living in Mexico City (2)

How Much Do Bills Cost in Mexico City?

Certain bills, as in any city, cannot be avoided. You have to pay for water, you have to pay for electricity, and you have to pay for gas. The first two are government-owned and operated and are, in my opinion, relatively cheap.

My water bill comes every two months. It fluctuates a little bit depending on how hot it is and how many showers we take.

In April and May, when it’s muggiest here in Mexico City, our water bill was about 1,200 pesos. At that point, four people were living in this apartment, so that was a lot of showers and dishes to wash.

Although it’s important to note – I don’t have a dishwasher and I have a brand new washing machine which wastes a lot less water. My water bill for July and August was only 600 pesos.

My electricity bill. So, this is a hotly debated topic amongst expats in the city.

I have tons of comments on this YouTube video telling me that there’s something wrong with my meter because my bill is TOO cheap. The first thing you need to know is that the government heavily subsidize electricity here in Mexico.

If you use less than a certain amount, you receive a huge discount. If you go over that amount, you get hit hard and your electricity bill can be quite expensive.

I also want to point out a few things – I don’t have air conditioning. I don’t even own a fan. I open my windows.

Where I live is very cool and mountainous and even when it’s very hot, there’s usually a breeze. We have one TV in the apartment and we only watch it at night time.

We don’t have a microwave, our oven and stove are gas as is our hot water heater. We have one lightbulb in every room and we only turn them on when it’s too dark in the room. We get excellent natural light in the apartment, so light isn’t really needed until it’s dark outside.

Okay – now that I’ve laid all of that out. My monthly electric bill is usually between 50 and 80 pesos.

That’s about $3-$4 USD. I know. It’s insanely cheap. My friends who use more electricity or live in other parts of the city say they average about 200-300 pesos per month ($10-$15), which I think is still pretty cheap.

2019 update: in my new apartment, which is exactly the same size as my old one, I pay about 200 Pesos a month now, so I think my meter was actually broken in the last apartment.

Cost of Living in Mexico City (3)

Gas is one of my most expensive bills. Like I mentioned above, it’s used for just about everything in the apartment. There are currently three people living in my apartment and last month’s bill (September) was 954 pesos (about $50).

That’s on the high side for us. It usually sits at about 500 pesos ($25).

Extra bills include our internet, which is fiber-optic and gives us 30MB per month. It costs us 450 pesos per month (about $23).

It’s super speedy. I work from home on this internet every day and never have a problem uploading videos, downloading images, or streaming Netflix.

We used to have Sky TV, but we canceled it because we didn’t really watch it and it was quite expensive.

If you want Sky TV which gives you movie channels in both Spanish and English and all of the sports channels, you’ll pay about 1,500 pesos per month (about $80). You pay extra if you want more than one TV to have those channels.

Cost of Living in Mexico City (4)

How Much Are Groceries Mexico City?

This totally depends on what you eat and where you shop.

Every neighborhood in Mexico City has a weekly market (kind of like a farmer’s market) called a tianguis.

I shop at my local tianguis every Tuesday and I buy tons of fruit and vegetables to last me for the week. It usually costs me about 350 pesos to buy enough food for two people for a week. That’s about $18.

Tianguis don’t just have fruits and vegetables. You can buy dried beans, rice, fresh tortillas, fish, meat, cheese, and house plants.

Every two weeks my boyfriend and I go to the large supermarket (La Comercial is the biggest chain in the city) where I stock up on things like pasta, frozen fruits, hummus, Asian noodles, toilet paper, oil, and other sorts of international stuff that I can’t find at the tianguis.

This shop usually costs me about 1,300 pesos (about $70).

So in total for one week (for two people), we spend about 1,000 pesos on groceries, or just over $50.

Cost of Living in Mexico City (5)

How Much Does Transportation Cost in Mexico City?

Public transportation in Mexico City is crazy cheap. You can take the metro for 5 pesos (about 25¢) and most buses cost less than 10 pesos (about 50¢). Ubers are really affordable in Mexico City, too.

If I take an uber from my apartment to the city center it usually takes about 25-30 minutes with traffic and costs me about 120 pesos (roughly $6).

I’ve written a full breakdown of public transportation in Mexico City which you can read here.

If you’re planning on buying a car in Mexico, the price will vary greatly depending on what you want and where you buy it from. If you head to a dealership, you’ll likely spend almost the same in Mexico on a car that you would in the U.S.

If you are happy to buy a car second-hand from someone here in Mexico City, you can save a ton of money.

Just be sure you test drive it and have it looked at by a mechanic before saying yes. A friend of mine recently sold is Chevy Corsa which was in pretty good shape (the car was about 5 years old) for 20,000 pesos or just over $1,000.

Just know – driving in Mexico City isn’t for the faint-hearted.

Lane discipline is non-existent, no one knows where their indicators are, and traffic is insane. That being said – it’s also much more convenient to get around, especially if you plan to live outside of the city center and not anywhere near public transportation.

Cost of Living in Mexico City (6)

Other Costs You’ll Incur When Living in Mexico City

In addition to your monthly expenses, of course, there are other things that you’ll probably want to spend money on.

  • Water: You can’t drink the tap water in Mexico City, so you’ll need to either boil it, get a steripen or lifestraw, or buy your water. I buy big 20L bottles of water every few days. You return the bottle which gets reused and buy the replacement. 20L of water lasts my boyfriend and I about 3 days (we drink A LOT of water). These bottles cost about 40 pesos (about $2). If you are out and about and want to buy a regular 1L bottle of water you can spend between 6 and 10 pesos (between 30 and 50¢).
  • Beer: Beer in a grocery store or convenience store costs about 15 pesos per bottle. If you go to a bar and order a regular domestic beer, you’ll pay about 40 pesos ($2). Craft beer is much more expensive and in a bar can cost anywhere between 70 pesos and 100 pesos ($3-$5).
  • Tacos: Tacos are crazy cheap. One small taco at a taco stand is usually about 7 or 8 pesos, less than 50¢. Read this post if you want to know more about Mexico City street food.
  • Coffee: There are so many great cafes around Mexico City, but even I still end up at Starbucks every now and again. The price of an espresso style coffee around the city is about 50 pesos (sometimes more, sometimes less).
  • Phone Bill: I still use my American phone number and phone plan here since it’s my business number. I am with Sprint and I don’t pay any extra to use my phone service here in Mexico – I’m on an international plan. My boyfriend, however, does have a Mexican SIM card with Telcel. He pays 300 pesos ($15) every 40 days and it includes data and unlimited calls and texts. You simply top it up at a 7-11 or Oxxo when the credit runs out.
  • Meal Out: If you want to go to a restaurant and have a meal, it’s still relatively cheap. A meal at a nice restaurant (Nico’s or Fonda Fina come to mind), you’ll pay about 250 pesos for a main (just under $15). Drinks can be pretty expensive though. There are defintely items on the menu that cost more, but there are also many items that cost less. A meal out for two people with one drink each should cost, with tip (10%), about $35-$40.

In my experience, the cost of living in Mexico City is much lower than any other place I’ve lived (the UK, the US, Korea, Australia, and New Zealand). It’s a vibrant city with all of the cosmopolitan amenities that you could ask for at a fraction of the price you’d pay elsewhere.

That being said, Mexico City can also be really expensive.

If you buy all of your groceries from small international shops, if you buy all of your clothes at the big expensive malls, if you eat out frequently in places like Condesa or Polanco, if you buy a new car, or want to live in a gated community in Las Lomas, you’ll be spending the same if not more than you did back “home.” It’s all up to you.

Want to read more about living in Mexico City? Check out these posts:

  • A Guide to Moving to Mexico City
  • 50 Things to Do in Mexico City
  • The Best Neighborhoods in Mexico City
  • The Best Shopping in Mexico City
  • The Best Craft Beer Bars in Mexico City
  • Is it Safe to Travel to Mexico City?

Like this post? Pin it for later!

Cost of Living in Mexico City (7)

Cost of Living in Mexico City (2024)

FAQs

Is it expensive to live in Mexico City? ›

Mexico City is the world's 16th most expensive city, above the likes of Washington D.C. and Milan. This was the headline that appeared in many newspapers when the ranking of the Worldwide Cost of Living Index, published by the prestigious magazine, The Economist, was released a week ago.

Can you live in Mexico on $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.

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

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. Rent is typically everyone's biggest monthly expense.

What is the average rent in Mexico City? ›

In December 2023, the monthly rent for a one-bedroom apartment in the city center of Mexico City amounted to 913.96 U.S. dollars, whereas a three-bedroom apartment averaged 1803.96 U.S. dollars. Meanwhile, Mexico City is the most expensive place to buy residential property in Mexico.

What is a livable wage in Mexico City? ›

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.

Is $100 a lot of money in Mexico? ›

What can a handful of pesos get you in Mexico? Considering the fact that under current exchange rates, $100 USD equals approximately 1,671 MXN, so is $100 a lot of money in Mexico? Yes, you can get a whole heck of a lot from $100!

How long can a US citizen stay in Mexico? ›

INM may opt to allow tourists entry of up to 180 days without a visa or may limit authorized stays to shorter periods at their discretion; visitors should confirm the specific length of authorized stay written on the entry permit (FMM) or by the stamp in their passport.

Where is the safest place in Mexico to live? ›

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.

Is it cheaper to live in Mexico or the US? ›

Cost of living in United States is 94% more expensive than in Mexico.

Where do most American expats live in Mexico? ›

From its affordable cost of living to its vibrant cultural scene, Mexico City has long been a popular expat destination. And with the current rise of remote work, even more young professionals and families are decamping to Mexico's capital city to live and work. It's easy to see why it's such an expat haven.

Can you live in Mexico on 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.

What is the crime rate in Mexico City? ›

The most common type of crime was theft or robbery on the street or public transport, which accounted for nearly a third of the total number of crimes. In 2022, the crime incidence rate in the country's capital was 46,032 crimes per 100,00 inhabitants.

What is the cleanest city in Mexico? ›

Merida, Yucatan

How much does a 1 bedroom apartment cost in Mexico? ›

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.

Is it cheaper to live in Mexico than the US? ›

United States is 88% more expensive than Mexico. Jun 2024 Cost of Living.

Can I live in Mexico as an American? ›

Requirements for American citizens

It requires mostly identification documents and proof that you can support yourself financially in Mexico. The FM3 visa allows you to stay in Mexico for durations over 6 months, but isn't seen as a way to stay permanently in the country. For that, you'll need the FM2 (immigrant visa).

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.

Top Articles
Latest Posts
Article information

Author: Cheryll Lueilwitz

Last Updated:

Views: 6198

Rating: 4.3 / 5 (54 voted)

Reviews: 93% of readers found this page helpful

Author information

Name: Cheryll Lueilwitz

Birthday: 1997-12-23

Address: 4653 O'Kon Hill, Lake Juanstad, AR 65469

Phone: +494124489301

Job: Marketing Representative

Hobby: Reading, Ice skating, Foraging, BASE jumping, Hiking, Skateboarding, Kayaking

Introduction: My name is Cheryll Lueilwitz, I am a sparkling, clean, super, lucky, joyous, outstanding, lucky person who loves writing and wants to share my knowledge and understanding with you.