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    Super Cheap

    • Chitré, Panama
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    • Phuket, Thailand
    • Dumaguete, The Philippines

    Cheap

    • Medellin, Colombia
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    • Kyrenia, Cyprus
    • Hua Hin, Thailand
    • The Algarve, Portugal

    Affordable

    • Valencia, Spain
    • Cascais, Portugal
    • Las Terrenas, The DR
    • Pisa, Italy
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  • Home
  • Countries

    Top Destinations:

    Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.

    • Spain
    • Portugal
    • Panama
    • Belize
    • Colombia
    • Cyprus
    • Mexico
    • France
    • Montenegro
    • Browse All Countries

    Best For:

    • The Best Places To Retire
    • Health Care Abroad
    • Cost Of Living
    • Investing in Real Estate
    • Establishing Residency
    • Gun Laws In The World
    • English-Speaking Countries
    • Safest Places For Retirement
    • Best Places In Latin America
  • Budgets

    How Much Will It Cost You To Live Overseas?

    The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

    Super Cheap

    • Chitré, Panama
    • Santa Marta, Colombia
    • Phuket, Thailand
    • Dumaguete, The Philippines

    Cheap

    • Medellin, Colombia
    • Boquete, Panama
    • Kyrenia, Cyprus
    • Hua Hin, Thailand
    • The Algarve, Portugal

    Affordable

    • Valencia, Spain
    • Cascais, Portugal
    • Las Terrenas, The DR
    • Pisa, Italy
    • La Rochelle, France
    • Mazatlán, Mexico

    Luxury

    • Ambergris Caye, Belize
    • Kotor, Montenegro
    • The Panama City Beaches
    • Paris, France
  • Resources

    Global Living

    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore & Diversification

    Making Money

    • International Real Estate
    • Banking
    • Employment
    • Investing

    Follow Us:

    • Meet Our Experts
  • Real Estate

    Buying Real Estate For Cashflow

    • Discover tips and strategies used by global property investing veterans

    Explore Our Latest Posts

    • Learn how to invest and purchase property abroad…

    Go To The Overseas Property Alert Site

    • How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams
  • Conferences

    Upcoming Events

    • Explore Our Events Site

    Live and Invest In Spain Conference

    Offshore Wealth Summit

    Greece Workshop

    VALENCIA, SPAIN

    Sep. 17-19, 2025

    PANAMA CITY, PANAMA

    Oct. 15-17, 2025

    VIRTUAL

    Nov. 13, 2025

    LEARN MORE
    DISCOUNT
    LEARN MORE
    PRE-REGISTER
    LEARN MORE
    PRE-REGISTER
    • MORE EVENTS

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    Toll-Free U.S. and Canada:
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    Reach us with your questions by email at: events@liveandinvestoverseas.com

  • Store

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    Overseas Havens Reports

    • Expats' comprehensive destination guides

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    Lahardan Books

    • Titles on living and investing around the world
    • Explore Our Store
    Your passport to a life well-lived abroad

    Services

    overseas living letter offers affordable retirement guidance
    The Simon Letter Wealth Protection Insights
    Global Property Advisor Global Investment Opportunities

    Our Customer Service team is here to assist with any questions or concerns CustomerService@LiveandInvestOverseas.com

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Home Countries Mexico

Top 10 Reasons To Buy Property In Mexico Today

These Charts Reveal One Of The World’s Most Affordable Places To Retire Overseas

by Kathleen Peddicord
May 02, 2022
in Mexico, Real Estate
0 0
View of Puerto Vallarta city

Adobe Stock/TomásSánchez

Where could you retire overseas that is diverse… meaning lifestyle options from mountains and rain forests to Caribbean and Pacific coasts…

Affordable… accommodating a rich, rewarding life on US$1,400 per month or less…

Familiar… while boasting world-famous culture and cuisine…

And easy to access… meaning you could come and go no plane ticket required?

Mexico!

This country stands out for the would-be retiree overseas for many reasons… including:

#1: Mexico is the closest retirement haven abroad.

If you hate long flights or don’t want to stray too far from friends and family, Mexico is easily the best option for living abroad.

You can even drive here from the United States or Canada…

No worries about overweight bags, luggage limitations, airport security lines, or expensive airfare. Even pets are a breeze.

A dog on a car to the left and a white sand beach in Mexico to the right
Expats can escape winter simply by loading up the car and driving to their beachfront home in Mexico…

In some parts of Mexico, you don’t even need a vehicle permit to bring your car or truck. Where you do need one, you can get the permit and the insurance online before you leave and just drive right through.

Of course, if you’d rather fly, quick and direct flights are available throughout the States and Canada.

Plus, if you’re an American over 65, this proximity means that you can simply drive or fly north to use Medicare.

Of course, you can always stay put for local, quality medical care at a fraction of the price.

#2: Mexico is familiar.

In many areas we suggest here, you’ll have to look closely to realize you’re not in California or Texas.

Mexico’s familiarity shows up in many small ways… like eating Mexican and TexMex food… or seeing full-sized, V8 American SUVs and pickups on the road… or even seeing the cattle ranchers with Arizona-style cowboy hats and belt buckles.

A harbor with boats in a Mexican townMexico is no backwater… and many towns might remind you of the nicest places in North America—but at a much more affordable cost…

There’s a lot of American influence in Mexico, and a lot of Mexican influence north of the border, which gives Mexico a very familiar feel.

But Mexico also has a rich culture that we aren’t that familiar with… a colorful history, fascinating traditions, fiestas, arts and artisans, music, and dance.

Unlike most places abroad, you’re unlikely to experience culture shock in Mexico.

#3: Residency is easy and quick.

If you want to become a resident of Mexico, the process is quick and easy… both for temporary and permanent residents. As for many countries, you can use income to qualify, including a pension or Social Security.

But what’s really unusual is that you can qualify for residency in Mexico with savings, such as a 401k or IRA balance.

Best of all, your visa paperwork won’t require a notary seal, apostille, or translation, as it does in most countries. Just bring your English pay stubs to the consulate and be on your way…

#4 You can stay six months visa-free.

If you don’t want to fuss with residency at all, you can get a six-month tourist entry by just driving over the border.

If part-year living is what you have in mind (or operating a vacation rental), then the six-month tourist entry can do the trick.

And if your six-month visa runs out? You can simply drive to the border, and get another six months when you cross back over… legally.

Mayan ruinsAlong with most of the world’s Spanish-colonial towns, you’ll find hundreds of Mayan and Aztec ruins—it’s enough history to spend a lifetime exploring…

#5: The dollar is near an all-time high versus the Mexican peso.

While inflation eats into your savings in the United States, the dollar has enjoyed historic highs against the Mexican peso over the past couple of years.

The cost of living was already low, and now you can compound that advantage with this “currency discount.”

Many foreigner-focused property markets sell in U.S. dollars, but rents and any real estate priced in pesos are at bargain levels.

Take a look at the chart below:

A graph of the US dollar and peso exchange rateAnd Americans aren’t the only ones to benefit—Canadians likewise enjoy a historic advantage here:

A graph of the Canadian dollar and peso exchange rate

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#6: Mexico has the best food in Latin America.

Sure, you could argue this…

But ask me and I’ll tell you to forget beans-and-rice, eating guinea pigs, or the bland-and-boring food that you’ll find in much of Central and South America.

Argentina and Brazil both have an argument for top spot here, but outside of those two countries, there’s no contest.

Mexican food is rich and savory with loads of exciting options. From its new, upscale Mexican gourmet dining to its mouthwatering seafood, from spicy salsas to tamales, tacos, and enchiladas… Mexico can’t be beat.

In fact, the New York Times recently reported that “New Mexican” cuisine is catching on at high-end restaurants the world over.

#7: It can be incredibly cheap to live here.

Even before the recent historic strength of the euro and American and Canadian dollars, Mexico was famous for its low cost of living…

Tomorrow, I’ll break it down for you, with a real budget from our man-on-the-ground.

A beautiful white sand beach with green palm trees in Mexico#8: Plenty of English-speaking service providers.

In many countries it’s hard to find English-speaking lawyers, doctors, dentists, or even restaurant workers.

Not in Mexico. Here, you’ll find plenty of English-speaking professionals, service providers, and residents throughout much of the country.

Make no mistake, you’ll do better in Spanish… but if you don’t speak Spanish, you can still get by in plenty of areas.

#9: Relocating to Mexico is cheaper than anywhere else.

I’ve spent many tens of thousands of dollars moving from place to place in the world—from the States to Ireland, from Ireland to France, and from France to Panama—thanks to shipping and customs.

Mexico is one of the world’s few expat locations where it’s practical to just pack up and drive.

And even if you use a mover, your things are going quickly by land, rather than spending months in a sea container.

To boot, Mexico offers new residents duty-free importation of household effects… a savings of potentially thousands of dollars.

#10: Mexico has many of the conveniences of home.

A home depot store in MexicoIf you’re a North American, familiar products and stores means you can get settled in Mexico much faster than nearly anywhere else in the world…

In Mexico, you can buy almost anything you’re accustomed to having back home, from your favorite peanut butter to your favorite automobile.

It’s reassuring to know exactly what you’re going to get at a Home Depot, Walmart, or even a Wendy’s.

Home Depot? Walmart? Not the “real” Mexico, you say?

I don’t buy that argument. The fact that we share a lot of common ground doesn’t make Mexico any less “real.”

After all, Canada has Home Depot, Walmart, and Wendy’s, too—it’s still the “real Canada.”

Sincerely,
Kathleen Peddicord signature
Kathleen Peddicord
Founding Publisher, Overseas Opportunity Letter

Tags: 'real estate'expats in mexicoLive abroadlive in mexicolive overseasMedicareMexico Visamove to mexicoReal Estate In Mexico
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Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has reported on opportunities for Americans to live, retire, and do business overseas for 40 years. She has traveled to more than 75 countries, invested in real estate in 24, established businesses in 7, renovated and built properties in 6, and educated her children in 5.

Kathleen has moved children, staff, enterprises, household goods, and pets from the east coast of the United States to Waterford, Ireland, then to Paris, France, and finally to Panama City, Panama, where she has based her Live And Invest Overseas business. Peddicord and her husband, Lief Simon, now divide their time between Panama and Paris.

Peddicord was a partner with Agora Publishing’s International Living group for 23 years. She opened, staffed, and operated International Living publishing and real estate marketing offices in Waterford, Ireland; Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France. Peddicord launched Live And Invest Overseas group in 2008 and has built it into a successful multimillion-dollar business. Today, she shares her firsthand experience of expat life with more than 500,000 readers of her publications, including Overseas Opportunity Letter and Overseas Living Letter.

Kathleen has been featured often in The New York Times, MSNBC, AARP, CNN, Bloomberg, CNBC, and more and writes monthly about expat matters, international real estate, and offshore diversification for Forbes and U.S. News.

Kathleen has written several books including the memoirs “At Home In Ireland” and “At Home At Los Islotes” and her latest title “At Home Abroad,” all published by Lahardan Books. Her best-selling "How To Retire Overseas: Everything You Need To Know To Live Well (For Less) Abroad” was published by Penguin Random House in 2018 and her “Buying Real Estate Overseas For Cash Flow (And A Better Life)” was published by Wiley in August 2020.

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  • Spain
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Best For:

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To Live Overseas?

Super Cheap

  • Chitré, Panama
  • Santa Marta, Colombia
  • Phuket, Thailand
  • Dumaguete, The Philippines

Cheap

  • Medellin, Colombia
  • Boquete, Panama
  • Kyrenia, Cyprus
  • Hua Hin, Thailand
  • The Algarve, Portugal

Affordable

  • Valencia, Spain
  • Cascais, Portugal
  • Las Terrenas, The DR
  • Pisa, Italy
  • La Rochelle, France
  • Mazatlán, Mexico

Luxury

  • Ambergris Caye, Belize
  • Kotor, Montenegro
  • The Panama City Beaches
  • Paris, France

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