Cost of Living in Mexico
Expats will find that the cost of living in Mexico varies substantially depending on location.
It is possible to live inexpensively in the country's rural areas, whereas life in the cities is considerably higher. Compared to its North American neighbours, Mexico is considerably more affordable and prices are generally lower.
Expats relocating to Mexico will find that their overall cost of living is directly related to their lifestyle. Life in Mexico is obviously more expensive for those who frequently purchase luxury items and eat at gourmet restaurants.
An average three-course meal at a restaurant will cost around 275 MXN per person, whereas a bottle of wine is approximately 130 MXN. Expats living in Mexico will likely find accommodation to be their greatest monthly expense; however, this naturally depends on where they live in Mexico, as property prices and rentals can vary considerably.
To rent a two-bedroom unfurnished apartment in Mexico City costs approximately 7,750 MXN per month.
An increasing number of foreigners have been retiring in Mexico in recent years, especially along coastal areas near the resort towns. This is primarily because Mexico offers good property value and an excellent lifestyle. The cost of living in these remote areas is considerably lower than in the city centres.
Cost of living in Mexico chart (Based on Mexico City, 2015)(Note that prices may vary depending on location and service provider and the table below is based on average prices)
|Accommodation (monthly rent)|
|Two bedroom apartment in city centre||MXN 7,750|
|Two bedroom apartment outside city centre||MXN 5,500|
|Food and drink|
|Dozen eggs||MXN 28|
|Milk (1 litre)||MXN 16|
|Rice (1kg)||MXN 17|
|Loaf of white bread||MXN 26|
|Chicken breasts (1kg)||MXN 85|
|Pack of cigarettes (Marlboro)||MXN 47|
|Big Mac meal||MXN 80|
|Coca Cola||MXN 10|
|Bottle of beer (local)||MXN 21|
|Three course meal at a mid-range restaurant||MXN 275|
|Mobile call rate (per minute – mobile to mobile)||MXN 2.5|
|Internet (Uncapped ADSL or cable – average per month)||MXN 400|
|Basic utilities (Average per month for standard household)||MXN 780|
|Taxi rate/km||MXN 7|
|Bus fare in the city centre||MXN 7|
|Gasoline (per litre)||MXN 14|