Home LifestyleExpat Community How much does it cost to live in Merida?

How much does it cost to live in Merida?

by Yucatan Times
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While Mérida is certainly attractive for those who want to settle down, it is also an expensive city to live in. This, according to the latest report from the Mexican Institute of Finance Executives (IMEF), so foreigners should take this into account when making a decision.

This is due to several factors that have to do with the demand for some services, population growth, microeconomics, and macroeconomics at the national level. It is no secret to anyone that every year foreigners come to live in Mérida.

According to a study by Coneval itself, 35 percent of the working base that receives a salary cannot make ends meet, nor can they purchase all the products in the basic basket.

Living in Merida

To live in Mérida you have to consider several points such as:

  • Transport
  • Home rental
  • Basic food products

Currently, the price of public transport is 7.50 pesos per trip, while the “Come and Go”Va y Ven” is 12 pesos, the latter with transfer.

  • Housing in Merida

The cost varies according to the type of house and its location, which ranges from 750,000 pesos in “Colonias” to 5.5 million pesos in private residential areas.

On the other hand, if you want to rent a property, the prices will range from 2,200 to 30,000 in exclusive areas in the North.

Food cost

Eating in a restaurant ranges from 200 to 500 pesos per person, depending on what type it is. Likewise, the price of the basic food products in Mérida has an average cost of one thousand pesos in the supermarket or convenience stores.

Cost of basic services & utilities

The payment for basic services, and utilities which include electricity, garbage collection, water and gas, is approximately from 8 to 12,000 pesos per month, depending on the area and the consumption of these products.

For the internet, cable and telephone service, 550 pesos are paid monthly in the most economic plans.

All of the above is worth considering for those looking to live in the Yucatecan capital, whether for work, study or looking for a new opportunity.

TYT Newsroom

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