Cost of Living in Mexico
While it is certainly possible to live quite inexpensively in the rural areas of the nation, the cost of living in the cities is considerably higher. Still, when compared to its North American neighbours, Mexico is much more affordable and generally prices are substantially lower.
For expats relocating to Mexico, your overall cost of living is directly related to your lifestyle. Your cost of living will be much higher if you often purchase luxury items, or frequently eat out.
An average three-course meal at a restaurant will cost around 400 MXN per person, while a bottle of wine will be approximately 130 MXN. A fair amount of the average expat Mexican family budget will be spent on accommodation; depending, of course, on where you live in Mexico, as property prices and rentals will vary considerably.
To rent a two-bedroom unfurnished apartment in Mexico City may cost 8,000 MXN per month, while a two-bedroom furnished house can set you back as much as 25,000 MXN per month.
In recent years, there has been an increase in the number of foreigners retiring in Mexico, especially along the coastal areas near the resort towns, as Mexico offers good property value and a good lifestyle. The cost of living in these more remote areas is much lower than it is in the city centres.