Mexico’s Peso: More Big Strides in ’23; Estimates for 2024
In 2023, Mexico's peso extended the solid gains it made in 2022, supported by interest rates, economic growth, exports, tourism, and remittances from abroad
The Cost of Living in Mexico
Articles and guides to help you calculate day-to-day living costs in Mexico
Mexico’s Minimum Wage Increased by 20% for 2024
Mexico implements six consecutive years of double-digit daily minimum wage rises with another increase of 20% in 2024—to $248.93 pesos per work day
Mexico’s Minimum Wage Increased by 20% for 2023
Mexico continues to follow a pattern of inflation-busting daily minimum wage rises with an increase of 20% for 2023—to $207.44 pesos per work day
Mexico’s Minimum Wage Increased by 23% for 2022
Mexico continues to follow a pattern of inflation-busting daily minimum wage rises with an increase of 23% for 2022
Mexico’s Minimum Wage in 2021
Mexico has raised its daily minimum wage by an above-inflation 15% this year
Mexico’s Minimum Wage in 2020
Mexico has raised its daily minimum wage by an above-inflation 20% this year
Mexico’s Minimum Wage in 2018
Mexico has raised its daily minimum wage by an above-inflation 10% this year
Changes to Mexico’s Regulated Gasoline Prices
Mexican gasoline prices will rise by as much as 20% from January 1, 2017 due to changes in the way gasoline is priced in Mexico