Retired persons that would rather experience the twilight years of their lives in a warm, casual and inviting paradise in most cases decide on Mexico. Not surprisingly, along with these features, the cost of living mexico, which is certainly much less expensive in comparison to the same in the US, is one of the most important many benefits as far as retired people are concerned. Precisely how much are you able to save when considering mexico moving? Actually, quite a bit, however bear in mind that just about all Americans moving to this country are looking to get a change of pace from their fast-paced lives, in a a good deal more tranquil setting where the concentration is on simplicity and comfort. The following is a review of exactly how much less you will probably spend and also how much you save when you shift base to Mexico.
Housing costs
If you're renting a residential home in Mexico, you might pay nearly half of what you are now paying for your American dwelling. This is in terms of an averaged-sized home or apartment. Although this might cost you in the neighborhood of $800-$900, in Mexico, the number would likely lower to approximately $400 for an equivalent-sized place. Nevertheless at this price level, you should not expect to rent an pretentious Mexican condo or an elite swimming pool-equipped house in a gated community. The prices are actually lower priced in locations which aren't frequented by foreign residents and travelers - in this case, housing prices can usually get as little as 30%.
Food and drinks
If you're going to be eating out quite a lot, you can easily slash your present food bill by close to 25%, which is obviously a superb deal. Then again, if you see yourself whipping up tortillas and other Mexican fare in your own home, you could save roughly 50% of your current bill. Alcohol costs in Mexico will also be significantly less, yet a bit of advice - do not overindulge. Hard alcohol in addition to Mexican wines can save you 50% of how much you regularly spend for the same in the United States. Top shelf branded alcoholic products will cost practically the same or just a little less compared to their American counterparts, though.
Utilities
Heating bills will be zero, and even if you decide on a house in the highlands, they should come up to less than $20 for each winter month. Calculated in accordance to US standards, utility prices in Mexico are low priced. But if your residence has air-conditioning, you can factor in $30-$50 every month. Gas for hot water and cooking will come to $10-$30 every month.
Telephone and internet
Excluding the fees for set-up, your internet costs might be around $20-$30 on an average a month. If you plan to use internet cafes, you are going to pay between $3 to $5 an hour, while pay-for-e-mail services costs approximately $1-$2 for each message. Basic telephone services are pretty economical and definitely affordable, yet international calls aren't as economical as you would wish for. If you need to make long distance calls often, try to take advantage of fax or e-mail to help keep costs very low.
It would be a smart idea to seek out all the information you possibly can concerning the living costs in Mexico to prepare your financial budget rationally when you decide to make the move.
Housing costs
If you're renting a residential home in Mexico, you might pay nearly half of what you are now paying for your American dwelling. This is in terms of an averaged-sized home or apartment. Although this might cost you in the neighborhood of $800-$900, in Mexico, the number would likely lower to approximately $400 for an equivalent-sized place. Nevertheless at this price level, you should not expect to rent an pretentious Mexican condo or an elite swimming pool-equipped house in a gated community. The prices are actually lower priced in locations which aren't frequented by foreign residents and travelers - in this case, housing prices can usually get as little as 30%.
Food and drinks
If you're going to be eating out quite a lot, you can easily slash your present food bill by close to 25%, which is obviously a superb deal. Then again, if you see yourself whipping up tortillas and other Mexican fare in your own home, you could save roughly 50% of your current bill. Alcohol costs in Mexico will also be significantly less, yet a bit of advice - do not overindulge. Hard alcohol in addition to Mexican wines can save you 50% of how much you regularly spend for the same in the United States. Top shelf branded alcoholic products will cost practically the same or just a little less compared to their American counterparts, though.
Utilities
Heating bills will be zero, and even if you decide on a house in the highlands, they should come up to less than $20 for each winter month. Calculated in accordance to US standards, utility prices in Mexico are low priced. But if your residence has air-conditioning, you can factor in $30-$50 every month. Gas for hot water and cooking will come to $10-$30 every month.
Telephone and internet
Excluding the fees for set-up, your internet costs might be around $20-$30 on an average a month. If you plan to use internet cafes, you are going to pay between $3 to $5 an hour, while pay-for-e-mail services costs approximately $1-$2 for each message. Basic telephone services are pretty economical and definitely affordable, yet international calls aren't as economical as you would wish for. If you need to make long distance calls often, try to take advantage of fax or e-mail to help keep costs very low.
It would be a smart idea to seek out all the information you possibly can concerning the living costs in Mexico to prepare your financial budget rationally when you decide to make the move.
About the Author:
Ron Williams has been a seasoned expatriate reviewing topics covering relocating to other countries. He develops articles on moving to mexico from us. He lives and works in Tulum, Mexico.
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