Cost of Living is the #1 Reason Expats Live in Mexico

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 retirees,” Nelson explained, “many of whom have traded their home country for the low cost of living, sunshine and laid-back lifestyle of Mexico.”

In addition to the appeal of lower living costs, but higher standard of living, expats in the survey say their new lifestyle is a close second, with 21 percent responding that the life they have found in Mexico is what makes it home. Another 16 percent say they love the climate of Mexico where they live. The warmth of the Mexican people and their rich culture are also highly-valued by expats in Mexico.

“One of the most interesting findings in this survey,” Nelson said, “is that expats are not that concerned with their personal safety, an issue that U.S. media often covers. In fact, only 17 percent of respondents say personal security is an issue for them. A much larger concern is their lack of Spanish language skills. Nearly 39 percent are worried about learning and using the language

The survey was completed by 364 expats currently living in Mexico. You can get complete survey results, including monthly living expenses, monthly rental payments, monthly food costs, monthly healthcare expenditures (including medications) and other information about expats living in Mexico at https://www.expatsinmexico.com.

Expats In Mexico – The Expat Guide to Living in Mexico – is an online magazine designed for both expats currently living in Mexico and aspiring expats who are planning or considering a move to Mexico.

  • Coca-Cola will build recycling plant in Puerto Vallarta Coca-Cola Mexico will invest $175 million pesos in the construction and expansion of collection and recycling plants in the country this year, one being in Puerto Vallarta. Mario García, director of North Region Operations of the company, said that $45 million pesos of the investment will be used to expand the infrastructure of the PetStar…
  • There are officially 100,000 missing people in Mexico The Miguel Agustín Pro Juárez Human Rights Center (Prodh Center) reported that the National Registry of Disappeared and Unaccounted for Persons has reached 100,000 in Mexico. The civil association called for the creation of policies for the prevention and eradication of disappearances, as recommended by the United Nations (UN). On April 12, the UN presented…
  • Where do foreigners come from and where do they live in Mexico? Due to its location, which connects the south of the American Continent with the United States, Mexico is a transit country for foreigners, but it has also become a place of residence for hundreds of thousands who decided to make a life in Mexico. According to figures from the National Institute of Migration (INM), corresponding…
  • Puerto Vallarta has a new flight from Canada For the upcoming winter season, Puerto Vallarta will have new Flair Airlines flights from the Canadian cities of Edmonton and Vancouver, which will represent 2,268 new seats per month for the destination. Flights will begin the first week of November, which coincides with the increase in demand from Canadian tourists, who will have more options…
  • They predict 17 named storms for the 2022 Pacific hurricane season starting May 15 The 2022 hurricane season in the Pacific Ocean area will begin on May 15, according to meteorological projections in Mexico, and experts predict that there will be greater activity than last year. For 2022, 9 hurricanes and 8 tropical storms are predicted for the Pacific Ocean; that is, 17 named storms when the typical number…

Puerto Vallarta News

Compare Listings

Title Price Status Type Area Purpose Bedrooms Bathrooms