Cost Of Living For a Couple in Cancun 2024

Couple cost of living chart - average monthly expenditure in Cancun

Average Monthly Expenditure

Currency: MXN
24,000 73,000 390,000
MINIMUM AVERAGE MAXIMUM
$1,400 $4,300 $23,000

Average monthly spending for couples in Cancun

How much money does a couple need in a month to survive in Cancun?

Couples in Cancun spend around 73,000 MXN per month on average. Depending on the lifestyle, a couple can survive with a monthly budget as low as 24,000 MXN or as high as 390,000 MXN. Location and income are very important factors and have a huge influence on expenditure and budget.


Prices and cost of goods and services in Cancun


Chart showing the prices and cost of grocery, food, restaurant meals, market, and beverages in Cancun

Dining, food, and beverages costs


Fast food combo meal

55 MXN 110 MXN 180 MXN
MINIMUM AVERAGE MAXIMUM
$3.3 $6.5 $11

Restaurant meal for one

200 MXN 310 MXN 610 MXN
MINIMUM AVERAGE MAXIMUM
$12 $18 $36

Fine dining meal for one

410 MXN 610 MXN 2,400 MXN
MINIMUM AVERAGE MAXIMUM
$24 $36 $140

Cappuccino or latte

46 MXN 74 MXN 110 MXN
MINIMUM AVERAGE MAXIMUM
$2.7 $4.4 $6.5

Grocery and market costs


Milk large bottle

37 MXN 44 MXN 55 MXN
MINIMUM AVERAGE MAXIMUM
$2.2 $2.6 $3.3

12 eggs

28 MXN 37 MXN 55 MXN
MINIMUM AVERAGE MAXIMUM
$1.6 $2.2 $3.3

Fresh whole chicken

63 MXN 81 MXN 120 MXN
MINIMUM AVERAGE MAXIMUM
$3.7 $4.8 $6.8

Pack of beef

74 MXN 110 MXN 220 MXN
MINIMUM AVERAGE MAXIMUM
$4.4 $6.5 $13

Medium bag of rice

30 MXN 41 MXN 58 MXN
MINIMUM AVERAGE MAXIMUM
$1.8 $2.4 $3.4

Bag of tomatos

11 MXN 15 MXN 28 MXN
MINIMUM AVERAGE MAXIMUM
$0.65 $0.87 $1.6

Bag of apples

20 MXN 26 MXN 43 MXN
MINIMUM AVERAGE MAXIMUM
$1.2 $1.5 $2.5
Chart showing the prices and cost of commute, travel, and transportation in Cancun


Commute, travel, and transportation costs


20 minutes taxi ride

51 MXN 61 MXN 120 MXN
MINIMUM AVERAGE MAXIMUM
$3 $3.6 $7.2

Average car full tank

280 MXN 370 MXN 740 MXN
MINIMUM AVERAGE MAXIMUM
$16 $22 $44

Average car 1-day rental

330 MXN 440 MXN 670 MXN
MINIMUM AVERAGE MAXIMUM
$20 $26 $39

Average car price

140,000 MXN 280,000 MXN 370,000 MXN
MINIMUM AVERAGE MAXIMUM
$8,200 $16,000 $22,000

Bus ticket one way

11 MXN 17 MXN 33 MXN
MINIMUM AVERAGE MAXIMUM
$0.66 $0.98 $2

Car Service

440 MXN 670 MXN 1,300 MXN
MINIMUM AVERAGE MAXIMUM
$26 $39 $79
Chart showing the prices and cost of utility, energy, water, and gas in Cancun


Utility cost (monthly)


Utility Bill - Couple

970 MXN 3,300 MXN 21,000 MXN
MINIMUM AVERAGE MAXIMUM
$57 $190 $1,300

Internet and cable

280 MXN 550 MXN 740 MXN
MINIMUM AVERAGE MAXIMUM
$16 $33 $44

Mobile phone charges

220 MXN 370 MXN 1,100 MXN
MINIMUM AVERAGE MAXIMUM
$13 $22 $65

Leisure and activities costs


Movie ticket

140 MXN 180 MXN 280 MXN
MINIMUM AVERAGE MAXIMUM
$8.2 $11 $16

One month gym membership

530 MXN 670 MXN 1,300 MXN
MINIMUM AVERAGE MAXIMUM
$31 $39 $79
Chart showing the prices and cost of clothing and accessories in Cancun


Cloths and accessories costs


Pair of jeans or pants

390 MXN 560 MXN 830 MXN
MINIMUM AVERAGE MAXIMUM
$23 $33 $49

Woman dress

370 MXN 510 MXN 1,700 MXN
MINIMUM AVERAGE MAXIMUM
$22 $30 $98

Woman shoes

350 MXN 480 MXN 1,100 MXN
MINIMUM AVERAGE MAXIMUM
$21 $28 $66

Men's shoes

300 MXN 370 MXN 740 MXN
MINIMUM AVERAGE MAXIMUM
$18 $22 $44

Men suit

330 MXN 420 MXN 2,200 MXN
MINIMUM AVERAGE MAXIMUM
$20 $25 $130

Regular t-shirt

170 MXN 220 MXN 670 MXN
MINIMUM AVERAGE MAXIMUM
$9.8 $13 $39
Chart showing the prices and cost of housing, accommodation, and rent in Cancun


Housing costs / monthly rent


Studio apartment

5,600 MXN 8,300 MXN 22,000 MXN
MINIMUM AVERAGE MAXIMUM
$330 $490 $1,300

1-bedroom apartment

8,300 MXN 13,000 MXN 33,000 MXN
MINIMUM AVERAGE MAXIMUM
$490 $790 $2,000

2-bedroom apartment

11,000 MXN 17,000 MXN 44,000 MXN
MINIMUM AVERAGE MAXIMUM
$660 $980 $2,600

Housing costs / Buying


Studio apartment

1.1M MXN 1.7M MXN 3.3M MXN
MINIMUM AVERAGE MAXIMUM
$66,000 $98,000 $200,000

1-bedroom apartment

1.3M MXN 2.2M MXN 8.3M MXN
MINIMUM AVERAGE MAXIMUM
$79,000 $130,000 $490,000

2-bedroom apartment

2.2M MXN 6.7M MXN 13M MXN
MINIMUM AVERAGE MAXIMUM
$130,000 $390,000 $790,000
Chart showing the prices and cost of furniture in Cancun


Furniture Costs


King Size Bed

5,500 MXN 6,900 MXN 9,200 MXN
MINIMUM AVERAGE MAXIMUM
$330 $410 $540

Double Bed

3,700 MXN 5,500 MXN 6,900 MXN
MINIMUM AVERAGE MAXIMUM
$220 $330 $410

Single Bed

3,300 MXN 4,300 MXN 5,500 MXN
MINIMUM AVERAGE MAXIMUM
$190 $250 $330

Living Room

6,200 MXN 7,900 MXN 28,000 MXN
MINIMUM AVERAGE MAXIMUM
$360 $470 $1,600

Dining Table

2,800 MXN 3,700 MXN 6,900 MXN
MINIMUM AVERAGE MAXIMUM
$160 $220 $410

Sofa or Couch

3,700 MXN 5,000 MXN 11,000 MXN
MINIMUM AVERAGE MAXIMUM
$220 $300 $650
Chart showing the prices and cost of electronic devices and appliances in Cancun


Electronics and House Appliance Costs


TV Set

3,700 MXN 5,500 MXN 11,000 MXN
MINIMUM AVERAGE MAXIMUM
$220 $330 $650

Fridge or Freezer

3,300 MXN 5,000 MXN 6,900 MXN
MINIMUM AVERAGE MAXIMUM
$190 $300 $410

Washing Machine

4,300 MXN 6,200 MXN 11,000 MXN
MINIMUM AVERAGE MAXIMUM
$250 $360 $650

Stove or Cooker

4,000 MXN 5,000 MXN 6,900 MXN
MINIMUM AVERAGE MAXIMUM
$230 $300 $410

Mobile Phone

4,600 MXN 5,500 MXN 7,900 MXN
MINIMUM AVERAGE MAXIMUM
$270 $330 $470

Laptop or Computer

5,000 MXN 6,200 MXN 11,000 MXN
MINIMUM AVERAGE MAXIMUM
$300 $360 $650
Couple cost of living and expenditure to income ratio in Cancun

Couple expenditure to income ratio in Cancun

Analysing the how affordable it is for couples to live in Cancun

One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in. Couples usually spend a larger chunk of their income than other population groups. A typical and healthy expenditure percentage for a couple of four ranges between 70% to 80%.


Spending to Income Ratio

94%

83% to 100%

( expenditure / income ) x 100


Couples in Cancun spend around 94% of their monthly income. Some couples spend as low as 83% of their income while some as high as 100%.

Distribution of monthly cost of living expenses of a couple in Cancun

How do couples spend their money in Cancun?

We asked thousands of couples about their spending habits and expenditure break down.


The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.

Housing and accomodation expenditure for couples

Accomodation Cost28%

28% of total expenses on average (21% to 38%)

LOW$490   8,200 MXN
AVERAGE$1,500   25,000 MXN
HIGH$7,800   130,000 MXN
Per Month

Couples in Cancun typically spend from 21% to 38% of their total monthly expenditure on housing with 28% being the average. The average monthly spend on housing is 25,000 MXN with expenditure ranging from 8,200 MXN to 130,000 MXN. This cost mainly goes for rent but it also includes other accommodation-related expenses.

Electricity, utilities, energy, water, internet, and mobile expenditure for couples

Cost of utilities7%

7% of total expenses on average (5% to 11%)

LOW$57   970 MXN
AVERAGE$190   3,300 MXN
HIGH$1,300   21,000 MXN
Per Month

Utility expenditure like electricity, water, and gas in Cancun ranges from 5% to 11% of total expenses with 7% being the average for most couples. The average monthly cost of utilities is 3,300 MXN with 970 MXN and 21,000 MXN being the upper and lower limits for a couple of four.

Transport, fuel, and commute expenditure for couples

Cost of transport and fuel10%

10% of total expenses on average (4% to 15%)

LOW$170   2,900 MXN
AVERAGE$520   8,700 MXN
HIGH$2,700   47,000 MXN
Per Month

Fuel consumption and cost of transport depend heavily on whether a couple resides near school and work, but roughly speaking a couple would expect to spend from 2,900 MXN to 47,000 MXN in a month on commuting with 8,700 MXN being the norm for most couples. This means that money spent on transport constitutes about 10% of total spending on average but can go as low as 4% or as high as 15%.

Food, groceries, and basic shopping expenditure for couples

Food and Groceries Cost16%

16% of total expenses on average (11% to 21%)

LOW$200   3,400 MXN
AVERAGE$600   10,000 MXN
HIGH$3,200   54,000 MXN
Per Month

The average outlay on groceries and basic houshold items for a typical couple in a month in Cancun is 10,000 MXN. The cost of groceries can range between 3,400 MXN to 54,000 MXN. Couples spend on average about 16% on food and groceries with upper and lower bounds of 11% and 21% respectively.

Healthcare and medical services expenditure for couples

Cost of healthcare13%

13% of total expenses on average (7% to 17%)

LOW$160   2,700 MXN
AVERAGE$470   8,000 MXN
HIGH$2,500   43,000 MXN
Per Month

Couples in Cancun allocate 7% to 17% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending on medical services and clinic visits is around 13%. The range of medical expenses range from 2,700 MXN to 43,000 MXN with 8,000 MXN being the norm for most couples.

Leisure and shopping expenditure for couples

Cost of leisure and shopping4%

4% of total expenses on average (2% to 7%)

LOW$86   1,500 MXN
AVERAGE$260   4,400 MXN
HIGH$1,400   23,000 MXN
Per Month

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 1,500 MXN to 23,000 MXN with 4,400 MXN being the average. Speaking of percentages, that equates to 2% to 7% of total expenses with an average of 4% for most couples.

Education and schooling expenditure for couples

Cost of education and schooling2%

2% of total expenses on average (1% to 4%)

LOW$29   490 MXN
AVERAGE$86   1,500 MXN
HIGH$460   7,800 MXN
Per Month

Spending on education can vary drastically between different couples. On average, education constitutes 2% of the monthly expenditure of couples with 1% and 4% being the lower and upper bounds respectively. The average reported education cost is 1,500 MXN per month with 490 MXN being the minimum spent amount and 7,800 MXN being the maximum.

Other Expenses20%

20% of total expenses on average (14% to 26%)

LOW$240   4,100 MXN
AVERAGE$730   12,000 MXN
HIGH$3,900   66,000 MXN
Per Month
Percentage of couples who manage to save money from their income every month in Cancun

What percentage of couples in Cancun are able to save money and how much can they save?


Percentage of couples that reported their ability to save money


Saving Money
75%
Not Saving
25%

Almost 75% of surveyed couples in Cancun said that they can save some money at the end of each month while 25% reported that they have to utilize their whole income to survive.


Couple savings to income ratio in Cancun

Savings-to-Income Ratio

The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.


How much money do couples manage to add to their savings?

The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.

Saving to Income Ratio

17% 28% of income 40%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

9,100 MXN
$530
27,000 MXN
$1,600
150,000 MXN
$8,600
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for couples

Saving To Income Ratio% Couples
0% - 10%34%
10% - 20%26%
20% - 30%19%
30% - 40%10%
40% - 50%8%
> 50%3%

Interpretation and Analysis

Couples that are able to save money can put anywhere from 17% to 40% of their monthly income to their savings, with 28% being the average for most couples. The average monthly amount of money that couples can put aside is 27,000 MXN with 9,100 MXN and 150,000 MXN being the minimum and maximum respectively.

Reasons that make it difficult for couples to save money in Cancun

Saving Challenges in Cancun

Reasons that make it difficult for couples to save money

We wanted to understand what is stopping couples from maximizing their savings in Cancun. Listed below are the answers given by the survey participants.


Reason% People
Low Income6%
High Expenses9%
Debt and Loans16%
Lack of Budgeting Skills11%
Impulsive Spending10%
Financial Emergencies6%
Living the moment6%
Will do it later19%
Inflation12%
Social Pressure3%
Market Instability3%

Around 6% of the couples said that their salary is too low to accommodate a portion for savings while 9% said that the high cost of living leaves little room for savings. 16% of the residents said that they are burdened with debt and find it challenging to save money. 11% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 10% of couples blamed impulsive spending as the reason for saving inability. Around 6% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 6% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 19% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 12% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.

Where do couples choose to put their savings in Cancun

Typical saving choices for couples in Cancun

Where do people choose to put their savings?


Saving Type% People
Emergency Funds11%
Gold11%
Savings Accounts17%
Retirement Accounts11%
Cash Savings18%
Real Estate10%
Investment6%
Stocks5%
Bonds6%
Mutual Funds3%
Certificates of Deposit3%
A typical and healthy budgeting structure. The 50-30-20 rule

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

  • 50% for needs and financial obligations

    This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

  • 30% for wants and discretionary spending

    This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

  • 20% for savings and emergency fund

    This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.

Income and cost of living compatibility. Is it affordable or economical for couples to live in Cancun

Affordable living in Cancun

Income and cost of living compatibility

We asked couples one simple question and recorded their answers.

Is it affordable or economical to live in Cancun?


Yes
83%
No
17%

Around 83% of surveyed couples think that living in Cancun is affordable with proper budgeting while 17% reported that it is just too expensive and not affordable even with frugality and thriftness.

How easily is cost-cutting for couples. Are there plenty of low-cost options in Cancun

Low-cost alternatives in Cancun

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked couples how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options71%

Few low-cost options29%


Based on the survey, 71% of the couples living in Cancun have no problem finding low-cost alternatives to support a frugal lifestyle while 29% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds For Couples

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked couples of Cancun whether they have an emergency fund and the answers were as follows.

Yes82%

No18%


Based on the survey, 18% of the couples living in Cancun said that they don't have an emergency fund while 82% said that they do.

Financial literacy and difficulty in budgeting and financial planning for couples in Cancun

Financial Literacy in Mexico

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy65%


We asked couple guardians and parents in Cancun whether they acquired any adequate personal financial training in their lives. Approximately 35% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 65% said that they know about the general principles of personal finance from sources other than their own experience.


Difficulty in Budgeting and Financial Planning

We wanted to understand whether couples of Mexico have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 28% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 72% said that they have everything under control.

Struggles with finance28%

Easily manages finances72%

Financial goals and targets of couples living in Cancun

Financial goals of couples in Cancun

In an attempt to understand the economic situation in Cancun, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.


Financial Goal% People
Emergency Fund7%
Debt Reduction37%
Retirement Savings9%
Education Funding8%
Homeownership17%
Investing8%
Travel or Lifestyle9%
Healthcare Expenses11%
Financial Independence7%

Around 7% of couples said that their main goal is to establish an emergency fund to cover unexpected expenses while 37% said their number one priority is to pay off high-interest debt or loans and improve credit. 9% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 8% reported that their priority is saving for the tuition fees and education costs of their children while 17% choose to buy a home or pay off existing mortgage before other things. 8% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 9% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 11% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Chart showing the percentage of couples who are in debt in Cancun

Debt, loans, and mortgages in Cancun


Percentage of couples who are in debt


In Debt
30%
Debt Free
70%

According to the survey, 30% of the couples in Cancun have some kind of debt, loan, mortgage, or credit card payments while 70% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Cancun

Debt-to-income ratio in Cancun

Debt to income ratio

33%

21% to 44%

( monthly debt payment / monthly income ) x 100

Interpretation

The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 33% of a couple's monthly income in Cancun goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%14%
40% - 50%13%
30% - 40%15%
20% - 30%13%
10% - 20%16%
0% - 10%27%

According to our data, 3% of the debtors in Cancun pay 60%+ of their income as debt settlement while 14% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 13% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 15% dedicated 30% to 40% of income for same. Things are looking brighter for 13% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Cancun

Debt% People
Real Estate Mortgage11%
Auto Loan19%
Student Loan3%
Credit Card27%
Personal Loan39%

11% of debtors in Cancun confirm that real estate mortgages constitutes the main part of their outstanding debt while 27% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 19% of people and personal loans rose at 39%. Lastly, student loans are the main source of debt for 3% of debtors in Cancun.


About credit score and debt management

Managing debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.

Good debt vs. Bad debt

Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.


Loan Affordability Index in Cancun

Besides measuring the loan-to-income ratio, we asked couples of Cancun how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.

Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.

Frequency% People
Never53%
Once a year23%
Twice a year12%
Three times a year8%
Four times a year4%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Cancun

Housing costs, accommodation, and housing affordability in Cancun

Rental costs and house/apartment prices can vary drastically between different areas and locations.


Rent Cost in Cancun

Monthly Rent Prices

Studio apartment monthly rent cost

5,600 MXN 8,300 MXN 22,000 MXN
MINIMUM AVERAGE MAXIMUM
$330 $490 $1,300

1-bedroom apartment monthly rent cost

8,300 MXN 13,000 MXN 33,000 MXN
MINIMUM AVERAGE MAXIMUM
$490 $790 $2,000

2-bedroom apartment monthly rent cost

11,000 MXN 17,000 MXN 44,000 MXN
MINIMUM AVERAGE MAXIMUM
$660 $980 $2,600

3-bedroom apartment monthly rent cost

13,000 MXN 22,000 MXN 61,000 MXN
MINIMUM AVERAGE MAXIMUM
$790 $1,300 $3,600

Furnished apartment monthly rent cost

27,000 MXN 67,000 MXN 130,000 MXN
MINIMUM AVERAGE MAXIMUM
$1,600 $3,900 $7,900

Townhouse monthly rent cost

22,000 MXN 33,000 MXN 95,000 MXN
MINIMUM AVERAGE MAXIMUM
$1,300 $2,000 $5,600

House monthly rent cost

27,000 MXN 67,000 MXN 130,000 MXN
MINIMUM AVERAGE MAXIMUM
$1,600 $3,900 $7,900

Villa monthly rent cost

33,000 MXN 83,000 MXN 130,000 MXN
MINIMUM AVERAGE MAXIMUM
$2,000 $4,900 $7,900

The monthly rental cost of a studio apartment in Cancun ranges between 5,600 MXN and 22,000 MXN, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 8,300 MXN to 33,000 MXN. Two-bedroom rentals rate ranges between 11,000 MXN and 44,000 MXN per month. The monthly rental for a three-bedroom apartment ranges from 13,000 MXN to 61,000 MXN. The average rent of a townhouse in Cancun is around 33,000 MXN while house rental costs can be as high as 67,000 MXN per month. Finally, if you want to rent a villa, expect to pay anywhere from 33,000 MXN to 130,000 MXN per month.



Apartment and house prices in Cancun

Cost of buying a property

Studio apartment price

1.1M MXN 1.7M MXN 3.3M MXN
MINIMUM AVERAGE MAXIMUM
$66,000 $98,000 $200,000

1-bedroom apartment price

1.3M MXN 2.2M MXN 8.3M MXN
MINIMUM AVERAGE MAXIMUM
$79,000 $130,000 $490,000

2-bedroom apartment price

2.2M MXN 6.7M MXN 13M MXN
MINIMUM AVERAGE MAXIMUM
$130,000 $390,000 $790,000

3-bedroom apartment price

7.4M MXN 11M MXN 33M MXN
MINIMUM AVERAGE MAXIMUM
$440,000 $660,000 $2M

Townhouse price

9.5M MXN 22M MXN 83M MXN
MINIMUM AVERAGE MAXIMUM
$560,000 $1.3M $4.9M

House price

11M MXN 67M MXN 95M MXN
MINIMUM AVERAGE MAXIMUM
$660,000 $3.9M $5.6M

Villa price

13M MXN 74M MXN 110M MXN
MINIMUM AVERAGE MAXIMUM
$790,000 $4.4M $6.6M

The average price of a studio apartment in Cancun can range from 1.1M MXN to 3.3M MXN depending on location. One bedroom cost can be anywhere from 1.3M MXN to 8.3M MXN. A villa can cost you 74M MXN on average with prices ranging from 13M MXN to 110M MXN.


If you're leasing or purchasing, housing costs in Cancun will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.

House / apartment prices to income ratio


Property price to income ratio

( average property price / average monthly income ) x 100


51 x149 monthly income 256
MINIMUM AVERAGE MAXIMUM

Property prices in Cancun can be x149 to x256 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x149 multiples of the average monthly salary in Cancun.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


27% 39% of income 51%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Cancun is around 39%. This means that people pay 39% of their income for rent. Those figures can range from 27% to 51% depending on the salary, location, and type of property.


The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Housing Affordability Index
36%

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.


FROM
2.3%
AVERAGE
3.3%
TO
4.2%

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.


97 MXN 1,300 MXN 13,000 MXN
MINIMUM AVERAGE MAXIMUM

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.

Monthly costs and expenses of energy and basic utilities in Cancun

Utilities expenditure can vary slightly between different areas and locations.


Energy, electricity, water, gas, internet, and mobile cost in Cancun

Utility Bill Cost / Electricity + Water + Gas / Couple

970 MXN 3,300 MXN 21,000 MXN
MINIMUM AVERAGE MAXIMUM
$57 $190 $1,300

Internet and cable cost

280 MXN 550 MXN 740 MXN
MINIMUM AVERAGE MAXIMUM
$16 $33 $44

Mobile phone bill and charges

220 MXN 370 MXN 1,100 MXN
MINIMUM AVERAGE MAXIMUM
$13 $22 $65

Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.


The average monthly energy and water consumption of couples is around 3,300 MXN. The cost of internet and WiFi ranges from 280 MXN to 740 MXN with 550 MXN being the average internet bill. Finally, the average monthly mobile charges is around 370 MXN but can range between 220 MXN and 1,100 MXN depending on consumption. Mobile charges include both calling minutes as well as data packages.


Energy / Utility expense to income ratio


( monthly utility expenses / monthly income ) x 100


2.4% 5.9% of income 11%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Cancun is around 5.9%. This means that people pay 5.9% of their income for energy, water, internet, and mobile charges. Those figures can range from 2.4% to 11% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Cancun

Grocery / Food expenditure and prices can vary drastically between different areas and locations.


Prices and cost of goods and services in Cancun

Dining out, food, and beverages costs. Price variations for common food items.

Fast food combo meal price

55 MXN 110 MXN 180 MXN
MINIMUM AVERAGE MAXIMUM
$3.3 $6.5 $11

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Cancun is approximatly 110 MXN with meal cost ranging from 55 MXN to 180 MXN. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

200 MXN 310 MXN 610 MXN
MINIMUM AVERAGE MAXIMUM
$12 $18 $36

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 200 MXN and 610 MXN with 310 MXN being the average price of a plate for one person at a regular restaurant in Cancun.

Fine dining meal for one price

410 MXN 610 MXN 2,400 MXN
MINIMUM AVERAGE MAXIMUM
$24 $36 $140

The price range of a meal at fine-dining restaurant is 410 MXN to 2,400 MXN with the average cost being 610 MXN for one person. This is what you would expect to pay a top-tier diner in Cancun.

Beverage prices, cappuccino, latte etc..

46 MXN 74 MXN 110 MXN
MINIMUM AVERAGE MAXIMUM
$2.7 $4.4 $6.5

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Cancun is around 74 MXN. Price ranges between 46 MXN and 110 MXN depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

37 MXN 44 MXN 55 MXN
MINIMUM AVERAGE MAXIMUM
$2.2 $2.6 $3.3

The average price of a large bottle of milk in Cancun is 44 MXN. The maximum what you would pay for milk is 55 MXN and the minimum being 37 MXN depending on the brand of milk and other properties.

12 eggs price

28 MXN 37 MXN 55 MXN
MINIMUM AVERAGE MAXIMUM
$1.6 $2.2 $3.3

A dozen eggs costs around 37 MXN on average with 28 MXN and 55 MXN being the lower and upper limits respectively.

Fresh whole chicken price

63 MXN 81 MXN 120 MXN
MINIMUM AVERAGE MAXIMUM
$3.7 $4.8 $6.8

The price range of a fresh whole chicken in Cancun is between 63 MXN and 120 MXN depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 81 MXN.

Pack of beef price

74 MXN 110 MXN 220 MXN
MINIMUM AVERAGE MAXIMUM
$4.4 $6.5 $13

The price of a regular pack of beef or meat is around 110 MXN. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

30 MXN 41 MXN 58 MXN
MINIMUM AVERAGE MAXIMUM
$1.8 $2.4 $3.4

A bag of rice in Cancun costs around 41 MXN on average with prices rangeing between 30 MXN and 58 MXN depending on the brand and quality.

Bag of tomatos price

11 MXN 15 MXN 28 MXN
MINIMUM AVERAGE MAXIMUM
$0.65 $0.87 $1.6

A bag of tomatoes costs anywhere from 11 MXN to 28 MXN. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

20 MXN 26 MXN 43 MXN
MINIMUM AVERAGE MAXIMUM
$1.2 $1.5 $2.5

A bag of apples costs 26 MXN on average. A bag of apples denotes 1Kg or 1lb depending on location.


Grocery and food expenditure to income ratio


( monthly grocery expenses / monthly income ) x 100


20% 30% of income 37%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Cancun is around 30%. This means that couples spend 30% of their income on grocery and basic household items. The expenditure can range from 20% to 37% depending on salary and location.


Expenditure on food and grocery for couples

Couples' spending on grocery ranges from 3,400 MXN to 54,000 MXN with the location, income, and size of the couple being the most determinite factors.

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