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back to index backLATINtalk December,  2016


Mexico Cost of Living Guide 2016

When you’re planning to live, work, or retire in Mexico, it’s useful to form a budget around your lifestyle plans.  This guide enables you to that.

How much will it cost me to live in Mexico?

People considering a move to Mexico—part-time, full-time, or for a defined period—often ask us what their cost of living is likely be here.

We publish The Guide to the Cost of Living in Mexico annually, so it’s fully up-to-date with the latest information.  The guide enables you to obtain a deeper understanding about the practical costs of day-to-day living in Mexico and to estimate the cost of living based on your individual situations and lifestyle expectations, aiding you to assemble a considered estimate of what your annual living costs in Mexico are likely to be and form a personalized budget tailored to your individual circumstances.

This 2016 Mexico Cost of Living 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. It also includes a number of overlooked costs which people often forget to include in their budgets.

We’ve completely revised our supermarket prices table in this latest edition to make it more practical and useful.  Instead of listing hundreds of items by category we’ve created a Mexico Grocery Basket” that contains a wide range of groceries and over-the-counter pharmaceuticals we tend to buy on a regular basis.  The new Grocery Basket documents prices recorded in January 2016, as well as historical prices from the last two years (2015, 2014), so you can get a feel for how prices of grocery items are changing in Mexico.

The guide also features typical costs across a wide range of other essential items often used by foreign residents in Mexico, including accommodations, utilities, transport, fuel, and communications.

We’ve added additional product groups for this 2016 edition and the resources section has been enhanced so that you can undertake further detailed research for prices of goods like clothes, electrical items, home appliances, and financial services.

Foreign currency markets have been in a state of flux over the last year.  The US dollar has increased in value against a basket of other world currencies—including Mexico’s peso.  This edition includes a section about this topic and explains what recent currency value fluctuations mean in US dollar terms, as well as for those whose income or savings are based in Canadian dollars, British pounds, and Euros.

Our Mexico Cost of Living Guide offers a comprehensive lifestyle planning tool for anyone who wants to know about living costs and how prices are changing in Mexico. It will help you to compose a budget based on your personal circumstances and understand what present-day living costs are likely to be for you in Mexico.

The 2016 Guide to the Cost of Living in Mexico is available now.  Download a preview to see the Table of Contents, sample pages, and a complete listing of the Mexico Grocery Basket items.

Source: Mexperience
- GAI





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