Retire in Mexico Cost of Living
Retire in Mexico Cost of Living
It’s estimated that 90 million North Americans (‘baby boomers’), will be retiring over the next ten years. Puerto Vallarta Mexico was named the #1 Place to Retire in the World by AARP (2010).
Invest now, and you will get in when the prices are low. The U.S. economy has suffered the worst in recorded history. That situation will not last forever and millions are already looking at retiring to Mexico and largely because of the cost of living.
- Real estate is always a great investment, and choosing a location near the beach will ensure your investment holds its value better than any other!
- You can be as much, or as little involved in the culture as you like: there are many English speaking areas with everything from high end shopping malls and casinos, to art galleries and symphonies, Walmarts, Home Depots and Costco’s. There are also language lessons, salsa dancing, tacos, quaint street markets and colonial towns with painted squares and live music.
- We know how important this phase of your life is and where you choose to retire is crucial to your ability to live the life you’ve always planned for. Three major factors in deciding where to retire are: Cost of living (what quality of life will I be able to afford there on my pension/savings?), Environment (will I like the living conditions?), and Community (will I enjoy the social milieu? What is there to do?). After considering these factors more Canadians and Americans choose to retire in Mexico than anywhere else in the world.
Mexico Cost of Living
Mexico’s low cost-of-living and low inflation rate makes it affordable to retirees on fixed incomes. While initial real estate purchase costs can be equivalent to those in a smaller city in Canada or the US, property taxes, subsequent maintenance and energy costs are dramatically lower, as much as 10- 20% of similar costs in Canada. Personal expenses such as food and clothing, medical and dental are also significantly lower. Housekeeper for the day: $15 – 20. Property taxes for the year: $100 – 200. A therapeutic massage: $20 for an hour. Medical on the local medical care system: less than $200 for the year. Where else can you be 1 block off the beach in a gorgeous brand new 2 bedroom 2 bathroom condo with a giant swimming pool, business center and more close to shopping, international airport and limitless land and water activities year round, for less than $200,000?
Blessed with superb weather and natural beauty, Mexico is as geographically diverse as anywhere on earth. From endless sandy beaches to tropical forests teeming with wildlife, snow-capped mountains to jungle-covered plateaus, and eye-popping scenic wonders such as the ancient ruins of past civilizations, the vast, world-renowned Copper Canyon or the stunning multi-hued deserts of Chihuahua. Traveling in Mexico is a life-enriching and rewarding experience.
In many parts of Mexico, there are all the modern conveniences of large supermarkets and big-box supply stores, satellite TV, in-home hi-speed Internet, top-notch nightlife, restaurants, theatre, and entertainment. On the practical side, there’s a great public transportation system as well as an ever- expanding highway network similar to the US Interstate. There’s access to world-class medical and dental facilities that cost considerably less than elsewhere in North America. Outside of Mexico City and away from the border, violent crime is extremely rare in Mexico. Retirees living here generally find it safer than most major urban areas in Canada. Furthermore, there’s a large ex-pat community throughout |Mexico that can help newcomers integrate comfortably into the local Mexican community and culture. Many retirees find the transition not only seamless but deeply enriching.
In a nutshell, Mexico offers an affordable and enjoyable place to retire. And it’s only a few hours flying time from most major North American cities many of which offer direct flights. The issue most people who relocate to Mexico face is when your friends and family come visit, they may not want to leave!
The best way to see if retiring to Mexico is right for you, is to experience it! Grupo Real del Mar hosts an exclusive real estate event that combines a 7 day 6 night stay in Mexico with 2 mornings of educational seminars from top experts who teach you all about the tax advantages, legal process and more of buying property in Mexico. Visit our Royal Club Home Page to learn more or watch a video about this fun event. If you are considering retiring in Mexico, you may qualify to have your accommodation, meals, drinks, and seminars complimentary of charge! Our guarantee to you: NO TIMESHARE. NO PRESSURE. NO OBLIGATION. We focus on helping you make an informed decision, our select real estate developments speak for themselves.