Property taxes are also quite low in Mexico unless you have an exceptionally large home, your taxes will be less than $200 per year. If you want to be within a five-minute walk of the beach, you’ll have your choice of condos starting at around $1,000 per month prices drop dramatically if you don’t mind a short drive to the city or beach, or a home in one of the other beach towns along the Caribbean coast.

As with purchasing property, the price of rentals in the Riviera Maya will depend on location, with proximity to the beach being the most important factor. In Playa del Carmen, you could pay less than $1 million for an ultra-modern, 2,000-square-foot condo right on the beach. If you don’t mind living a short walk or drive from the beach, you can still find condos for less than $100,000, while units with ocean views start at around $125,000.Įven top-end luxury apartments cost less in Mexico. The glamorous Riviera Maya, along the Caribbean coast, has long been a major expat destination. Prices are even lower in the nearby coastal town of Progreso and in the neighboring towns along the barrier islands, where beachfront condos can be rented for $500 or less per month. Houses in the Centro Histórico sell for $100,000 or less, while you could easily find a one- or two-bedroom rental for under $600 per month. The city of Mérida, in southern Mexico’s Yucatán peninsula, has plenty of low-cost housing.

Renting is also an option two-bedroom apartments in or within easy walking distance of the historic center range from less than $900 per month to thousands, again depending on your needs and lifestyle. Modern houses here start at around $235,000, and you’ll have access to more fine restaurants and expat-oriented activities than you could ever take advantage of.

You might find the colonial central highlands town of San Miguel de Allende to your liking-it’s one of the most popular expat havens in all of Mexico. Rentals can be surprisingly affordable furnished, one-bedroom condos near the beach start at less than $600 per month. Modern condos with ocean views in expat-favorite Puerto Vallarta, for example, start at around $120,000, while houses a block from the beach with pools and other amenities can be found in the low $200,000s. Of course, you could easily spend much more-it all depends upon your lifestyle. Unsurprisingly, homes near the beach and in resort areas will be more expensive than those in the central highlands or localities with fewer tourists or expats, though you should be able to buy a nice house in a good neighborhood for $150,000 or less nearly anywhere in the country. The cost of housing, whether you’re renting or buying, will vary greatly depending on where you want to live. When it costs $200,000 for a house that you’d pay at least twice the price for back home, you’re left with savings you can spend on living well. Though housing prices everywhere have increased in recent years, Mexico still has plenty of bargains compared to the U.S. You’re heading to a near neighbor where you can get internet, cable TV, and all the comforts you’re used to having-without needing to count your pennies.Īs is the case anywhere in the world, your biggest expense in Mexico will likely be housing. Goods and services cost less, so you can afford the kinds of luxuries only the very wealthy enjoy up north-like a maid, a cook, and a gardener.Īnd in Mexico, you have the good fortune of giving up very little when you make your move. Things take longer, so you’ll learn to slow down. The quality of your life improves in Mexico. It’s an excellent retirement destination for any budget, too-a place where you can live like a millionaire for the cost of a middle-class lifestyle at home. Whether you like a warm climate with a constant sea breeze, a hot and dry semi-arid or desert climate, or you want to be somewhere cool enough that you’ll need to wear a jacket in the evenings year-round, Mexico offers unlimited choices. Mexico has something for everyone: rustic towns and elegant resorts, sprawling beaches, world-class diving and snorkeling, lush jungles, high-altitude deserts, snow-capped mountains, and beautiful, Spanish colonial cities.

1 person 3000 dollar budget sample