What is the true cost of living in Mexico? While it can vary considerably depending on location and lifestyle choices, the vast majority of expatriates contacted for a new survey agreed that it is lower than in their home countries.
The survey, entitled Is it Cheaper to Live in Mexico? A Research Study, found that most people who relocated to Mexico paid less for goods and services than what they would pay in their country of origin and were therefore able to enjoy a more lavish lifestyle than they could otherwise afford.
Completed by 1,129 expats, the survey offers insights into the spending habits, opinions, experiences and concerns of people who have moved to Mexico to live, either to continue working or to retire.
The study was conducted and published by Best Places in the World to Retire, which also previously published a survey about expats’ expectations before moving to Mexico and the reality they experience once living in the country.
The overwhelming response to the central question in the latest survey – is it cheaper to live in Mexico? – was yes.
Almost half of those surveyed reported that with $50 US dollars or less in Mexico, they could buy the same quality of goods and services that they would pay $100 USD for in their home country.
In other words, things cost half or less here than where they previously lived, they said.
A further 36% said that they paid between 25% and 50% less for goods and services in Mexico, meaning that a combined 85% of expat respondents said they pay between half and three-quarters the price of what they would pay for the same thing back home.
The study also found that those who generated the most savings by moving to Mexico reduced their expenses the least. However, the lower costs in Mexico meant that they were able to give themselves a significant lifestyle upgrade.
Read the full article at MexicoNewsDaily.com.
more recommended stories
Mexico’s Revolution Day: November 20th
Mexico’s Revolution Day (Dia de la.
There will be no “Smoke on the Water” over the “White City”
The British music group Deep Purple,.
Mexican drug lord Héctor Beltran Leyva arrested in 2014, dies of heart attack
MEXICO CITY (AP) — Mexican drug.
90% hotel occupancy is expected for Mérida during Christmas season
MÉRIDA, Yucatán.- “Cultural and artistic programs.
New flight Mérida – Bajío (Guanajuato) started operations on Nov. 16
“With the opening of the new.
Migrant caravan: Mexican border city Tijuana protests against “invasion”
The images of hundreds of residents.
Mexico authorizes 26 new Brazil meat plants to export chicken
SAO PAULO, Nov 19 (Reuters) –.
U.S. Congress ready to make “Marijuana Moves”
Despite majority public support in favor of marijuana.
Mexico adopts Nepal’s celebration honoring dogs
Nepal’s tradition of honoring dogs at.
AMLO conforms advisory business council
As published by Mexico News Daily, President-elect.