“How much will it cost to live in Mexico?’ This is one of the first questions asked by people planning to live, work, or retire in Mexico. The precise answer varies widely and depends upon your lifestyle choices and expectations.
Every year, we publish a fully revised and updated Guide to the Cost of Living in Mexico. This guide explains, in detail, the prices and costs for a wide range of products and services that most foreign residents and those visiting Mexico for extended periods will seek to purchase when they live here.
A key feature of the guide is the Mexico Grocery Basket which features a collection of items we tend to buy regularly at supermarkets and pharmacies. This detailed table of food, groceries, and pharmaceuticals enables you to make direct comparisons of prices in Mexico for grocery goods and everyday items you buy with their cost in your home country as well as compare the costs of a typical shop.
The Grocery Basket in the guide includes historical prices as well as additional analysis taken from the pricing data we gathered last year and this year. This amounts to an informal ‘inflation rate’ statement and will give you an indication about how food, grocery and pharmaceutical prices are changing in Mexico.
The guide also features a summary of the typical costs across a selection of other essential items, including accommodation, utilities, transport, fuel, and communications. There are wide variations on these costs depending on your lifestyle choices, where you choose to live in Mexico, and how you go about acquiring these things. The guide also examines which areas in Mexico are more and less expensive to live in.
The Mexico Cost of Living enables you to obtain a deeper understanding about the practical costs of day-to-day living in Mexico based on your individual situation and expectations, enabling you to assemble an informed estimate of what your annual living costs in Mexico are likely to be and build a personalized budget tailored to your individual circumstances.
See the Mexico Cost of Living page in our Living & Lifestyle section for details of this year’s guide.
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