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Home Lifestyle

Why Mexico Is The Clear Favorite For Americans Going Abroad

Kathleen Peddicord by Kathleen Peddicord
Nov 19, 2017
in Lifestyle, Mexico, Travel
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8 Reasons Mexico Is North America’s Favorite Place To Retire “Overseas”

Over the past four decades, Americans have voted Mexico the world’s #1 place to live or retire in the way that really counts: They’ve packed up and moved there. This country is home to more American expats and retirees than any other, at least 1 million and as many as 2 million, depending on the survey.

This shouldn’t surprise anyone. It’s easier for an American to get to Mexico than to any other country other than Canada.

Why do Americans choose to go south of the Rio Grande rather than to the Great White North?

The weather!

Americans looking to start a new life in a new country primarily seek three things: warm weather, beautiful beaches, and a low cost of living. Mexico competes handily in all three categories.

This big, diverse country offers dozens of great living options, from colorful and historic colonial cities like San Miguel de Allende, Cuernavaca, Guanajuato, and Oaxaca to beach towns like Playa del Carmen and Tulum (on the Caribbean coast) and Puerto Vallarta and Mazatlán (on the Pacific).

While the living is not as cheap as it was in the 1970s when Americans began migrating here in volume, it’s a global bargain and more of a budgeter’s delight right now than it’s been in a long time thanks to the U.S. dollar’s strength against the Mexican peso.

In some parts of the country, this translates to super real estate deals. But even where real estate trades in U.S. dollars (as it does in many Mexican markets, including Mazatlán), the strong dollar makes everything else—from a liter of gasoline and a week’s worth of groceries to a suite of bedroom furniture and a night out on the town—a bargain. Two can dine five star, enjoying three courses and good wine, for less than 50 bucks.

7 More Reasons To Choose Mexico

  • The country is familiar, from its administrative set-up (the Mexican government is a stable democracy, with executive, legislative, and judicial branches functioning in a similar way to those in the United States) to its big-footprint shopping. If you’re itching for an adventure in a foreign land that’s not too foreign, Mexico could be the experience you seek.
  • It’s easy to go back and forth, making it a top choice for part-time living. Drive down as often as you like without worrying about plane fare.
  • All the North American attention from both expats and tourists means that many Mexicans, especially in the service industry, speak English. This can make things like navigating the residency process at the immigration office and managing the real estate purchase process with your attorney much easier.
  • Property markets in many areas of Mexico are depressed. The Great Recession took its toll in this country, especially in the areas popular as second home markets among Americans. Many still have not fully recovered, making for a nice buyer’s advantage.
  • Automatic six-month tourist stays and easy and fast immigration make it possible to come and go and spend as much time in the country as you’d like. You can maintain a second home here (a place you rent out when you’re not using it yourself, say) without having to bother with the expense of obtaining formal resident status.
  • Moving to Mexico can be as hassle-free as an international move gets. Nothing’s as easy as loading up a truck and driving south. Your entire moving budget could be gas and tolls.
  • You can return easily to the United States to use Medicare. If you’re considering this move as a retiree, nearing or over the age of 65, this can be Mexico’s most compelling advantage. Mexico offers excellent healthcare, but Medicare won’t pay for it—with limited exceptions, Medicare doesn’t cross any border. However, if you retire in Mexico, you’d be only a drive or quick flight away from accessing your benefits.

This means keeping and continuing to pay for Medicare coverage in addition to any other health insurance you might opt for. This can be a good strategy for a Medicare-eligible retiree moving to any foreign country, a safety net.

Of course, Mexico is an interesting and appealing option for reinventing your life at any age. It’s also a big, diverse place, offering many attractive lifestyle choices, including…

  • Mazatlán: If you don’t want to choose between living in a city and living at the beach, in Mazatlán you don’t have to…
  • San Miguel de Allende: The best of Mexico’s Spanish-colonial heritage and a charming, lively place to spend time, voted the world’s #1 city by Conde Nast Traveler…
  • The Riviera Maya: If you seek quintessential Caribbean… on a shoestring or a luxury budget… Mexico’s Riviera Maya coast is calling your name…
  • Guanajuato: The crown jewel of Mexico’s colonial cities, oozing romance at every turn…
  • La Bahia de Navidad: Situated on Mexico’s Costa Alegre (“Christmas Bay on the Happy Coast”), La Bahia de Navidad is a super affordable, small-town version of up-scale Puerto Vallarta four hours to the north. With a Mexican population of just a few thousand friendly folks, the 500 or so full-time expats integrate easily into the two main towns on the bay…

Kathleen Peddicord

Tags: 'Lee Harrison'buying property mexicocolonial cities mexicocost of living mexicodriving to mexicoexpats mexicohealth care mexico medicare mexicohealth insurance mexicolive and invest in mexico conferencelive mexicoliving mexicoowning property mexicoreal estate mexicoresidency mexicoretire guanajuatoretire la bahia de navidadretire mazatlanretire mexicoretire Puerto Vallartaretire Riviera mayaretire san miguel de Allenderetire Tulumweather mexico
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Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her newest book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

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