Cost of living is the #1 reason expats live in Mexico. Our new Expats In Mexico 2022 Survey reveals that when asked to choose why they make Mexico their home, nearly one-quarter of all expats who participated in this year’s study chose low cost of living as the main reason, although the Mexican lifestyle and climate also scored well.

“Mexico has long been known as a low-cost haven for American and Canadian retirees,” said Robert Nelson, company founder. “It continues to rank among the least expensive countries to live. With most of the world caught in an inflationary spiral, cost of living is upper-most in the minds of many expats who live here, as well as aspiring expats from other countries who may be planning or considering a move to Mexico.”

Nelson said the study shows that the majority of expats in Mexico – about 64 percent of all respondents – say they live on a monthly budget of $40,000 pesos or less (about US$2,000 at a 20-to-1 exchange ratio) and enjoy a middle-class lifestyle.

“Nearly 80 percent of respondents, as you might guess, are . . .