Cost Of Living in Guadalajara 2024

Average monthly spending for singles, couples, students, and families in Guadalajara

Whether you're living in Guadalajara or planning to move there, it is very important to know the cost of living and the prices of things. Here we list the average spending for the four main population groups.

Average Monthly Expenditure

71,000 MXN

per month
$4,200

5,500 MXN   $320
$42,000   710,000 MXN

Single

49,000 MXN

per month
$2,900

16,000 MXN   $970
$19,000   330,000 MXN

Couple

82,000 MXN

per month
$4,800

27,000 MXN   $1,600
$26,000   440,000 MXN

Family

110,000 MXN

per month
$6,400

38,000 MXN   $2,300
$35,000   600,000 MXN

Student

34,000 MXN

per month
$2,000

14,000 MXN   $800
$3,600   61,000 MXN
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.

Singles

The average monthly expense for a single person living in Guadalajara is 49,000 MXN. Expenses can range from 16,000 MXN at the minimum level to 330,000 MXN at the highest end.


Couples

The average monthly spending of couples in Guadalajara is 82,000 MXN. Expenditure can range from 27,000 MXN to 440,000 MXN per month.


Families

The average cost of living for families in Guadalajara is 110,000 MXN per month. Families spend anywhere from 38,000 MXN to 600,000 MXN.


Students

The average monthly expenditure for students in Guadalajara is 34,000 MXN. Students spend from 14,000 MXN to 61,000 MXN per month.


Spending behavior can change drastically from one person to another. It is best to consider the minimum, average, and maximum spending together.

Prices and cost of goods and services in Guadalajara


Dining, food, and beverages costs


Large bottle of water
6.9 MXN 7.8 MXN 9 MXN
MINIMUM AVERAGE MAXIMUM
$0.41 $0.46 $0.53
Fast food combo meal
59 MXN 120 MXN 200 MXN
MINIMUM AVERAGE MAXIMUM
$3.5 $6.9 $12
Restaurant meal for one
220 MXN 330 MXN 670 MXN
MINIMUM AVERAGE MAXIMUM
$13 $20 $39
Fine dining meal for one
450 MXN 670 MXN 2,700 MXN
MINIMUM AVERAGE MAXIMUM
$26 $39 $160
Soda or Soft Drink
8.4 MXN 9.8 MXN 12 MXN
MINIMUM AVERAGE MAXIMUM
$0.50 $0.58 $0.69
Cappuccino or latte
49 MXN 78 MXN 120 MXN
MINIMUM AVERAGE MAXIMUM
$2.9 $4.6 $6.9

Grocery and market costs


Milk large bottle
39 MXN 47 MXN 59 MXN
MINIMUM AVERAGE MAXIMUM
$2.3 $2.8 $3.5
Loaf of bread
7.1 MXN 8.1 MXN 9.3 MXN
MINIMUM AVERAGE MAXIMUM
$0.42 $0.47 $0.55
12 eggs
29 MXN 39 MXN 59 MXN
MINIMUM AVERAGE MAXIMUM
$1.7 $2.3 $3.5
Fresh whole chicken
67 MXN 86 MXN 120 MXN
MINIMUM AVERAGE MAXIMUM
$3.9 $5.1 $7.2
Beef 1 kg or 1 lb
78 MXN 120 MXN 240 MXN
MINIMUM AVERAGE MAXIMUM
$4.6 $6.9 $14
Rice 1 kg or 1 lb
32 MXN 43 MXN 61 MXN
MINIMUM AVERAGE MAXIMUM
$1.9 $2.5 $3.6
Tomato 1 kg or 1 lb
12 MXN 16 MXN 29 MXN
MINIMUM AVERAGE MAXIMUM
$0.69 $0.92 $1.7
Apples 1 kg or 1 lb
21 MXN 27 MXN 45 MXN
MINIMUM AVERAGE MAXIMUM
$1.2 $1.6 $2.7

Commute, travel, and transportation costs


20 minutes taxi ride
56 MXN 67 MXN 130 MXN
MINIMUM AVERAGE MAXIMUM
$3.3 $3.9 $7.9
Average car full tank
290 MXN 390 MXN 780 MXN
MINIMUM AVERAGE MAXIMUM
$17 $23 $46
Average car 1-day rental
380 MXN 500 MXN 750 MXN
MINIMUM AVERAGE MAXIMUM
$22 $30 $44
Average car price
150,000 MXN 290,000 MXN 390,000 MXN
MINIMUM AVERAGE MAXIMUM
$8,700 $17,000 $23,000
Bus ticket one way
13 MXN 19 MXN 38 MXN
MINIMUM AVERAGE MAXIMUM
$0.74 $1.1 $2.2
Car Service
500 MXN 750 MXN 1,500 MXN
MINIMUM AVERAGE MAXIMUM
$30 $44 $89

Utility cost (monthly)


Utility Bill - Individual
980 MXN 3,000 MXN 20,000 MXN
MINIMUM AVERAGE MAXIMUM
$58 $170 $1,200
Utility Bill - Couple
1,400 MXN 4,100 MXN 22,000 MXN
MINIMUM AVERAGE MAXIMUM
$81 $240 $1,300
Utility Bill - Family
1,100 MXN 3,300 MXN 18,000 MXN
MINIMUM AVERAGE MAXIMUM
$68 $190 $1,100
Internet and cable
290 MXN 590 MXN 780 MXN
MINIMUM AVERAGE MAXIMUM
$17 $35 $46
Mobile phone charges
240 MXN 390 MXN 1,200 MXN
MINIMUM AVERAGE MAXIMUM
$14 $23 $69

Leisure and activities costs


Movie ticket
150 MXN 200 MXN 290 MXN
MINIMUM AVERAGE MAXIMUM
$8.7 $12 $17
One month gym membership
600 MXN 750 MXN 1,500 MXN
MINIMUM AVERAGE MAXIMUM
$35 $44 $89

Cloths and accessories costs


Pair of jeans or pants
440 MXN 630 MXN 940 MXN
MINIMUM AVERAGE MAXIMUM
$26 $37 $55
Woman dress
420 MXN 580 MXN 1,900 MXN
MINIMUM AVERAGE MAXIMUM
$25 $34 $110
Woman shoes
400 MXN 540 MXN 1,300 MXN
MINIMUM AVERAGE MAXIMUM
$23 $32 $74
Men's shoes
340 MXN 420 MXN 830 MXN
MINIMUM AVERAGE MAXIMUM
$20 $25 $49
Men suit
380 MXN 470 MXN 2,500 MXN
MINIMUM AVERAGE MAXIMUM
$22 $28 $150
Regular t-shirt
190 MXN 250 MXN 750 MXN
MINIMUM AVERAGE MAXIMUM
$11 $15 $44

Housing costs / monthly rent


Studio apartment
6,300 MXN 9,400 MXN 25,000 MXN
MINIMUM AVERAGE MAXIMUM
$370 $550 $1,500
1-bedroom apartment
9,400 MXN 15,000 MXN 38,000 MXN
MINIMUM AVERAGE MAXIMUM
$550 $890 $2,200
2-bedroom apartment
13,000 MXN 19,000 MXN 50,000 MXN
MINIMUM AVERAGE MAXIMUM
$740 $1,100 $3,000

Housing costs / Buying


Studio apartment
1.3M MXN 1.9M MXN 3.8M MXN
MINIMUM AVERAGE MAXIMUM
$74,000 $110,000 $220,000
1-bedroom apartment
1.5M MXN 2.5M MXN 9.4M MXN
MINIMUM AVERAGE MAXIMUM
$89,000 $150,000 $550,000
2-bedroom apartment
2.5M MXN 7.5M MXN 15M MXN
MINIMUM AVERAGE MAXIMUM
$150,000 $440,000 $890,000

Furniture Costs


King Size Bed
5,900 MXN 7,300 MXN 9,800 MXN
MINIMUM AVERAGE MAXIMUM
$350 $430 $580
Double Bed
3,900 MXN 5,900 MXN 7,300 MXN
MINIMUM AVERAGE MAXIMUM
$230 $350 $430
Single Bed
3,500 MXN 4,500 MXN 5,900 MXN
MINIMUM AVERAGE MAXIMUM
$200 $270 $350
Living Room
6,500 MXN 8,400 MXN 29,000 MXN
MINIMUM AVERAGE MAXIMUM
$390 $500 $1,700
Dining Table
2,900 MXN 3,900 MXN 7,300 MXN
MINIMUM AVERAGE MAXIMUM
$170 $230 $430
Sofa or Couch
3,900 MXN 5,300 MXN 12,000 MXN
MINIMUM AVERAGE MAXIMUM
$230 $320 $690

Electronics and House Appliance Costs


TV Set
3,900 MXN 5,900 MXN 12,000 MXN
MINIMUM AVERAGE MAXIMUM
$230 $350 $690
Fridge or Freezer
3,500 MXN 5,300 MXN 7,300 MXN
MINIMUM AVERAGE MAXIMUM
$200 $320 $430
Washing Machine
4,500 MXN 6,500 MXN 12,000 MXN
MINIMUM AVERAGE MAXIMUM
$270 $390 $690
Stove or Cooker
4,200 MXN 5,300 MXN 7,300 MXN
MINIMUM AVERAGE MAXIMUM
$250 $320 $430
Mobile Phone
4,900 MXN 5,900 MXN 8,400 MXN
MINIMUM AVERAGE MAXIMUM
$290 $350 $500
Laptop or Computer
5,300 MXN 6,500 MXN 12,000 MXN
MINIMUM AVERAGE MAXIMUM
$320 $390 $690

Expenditure to Income Ratio in Guadalajara

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.


Spending to Income Ratio

110%

99% to 120%

( expenditure / income ) x 100


Expense to income distribution levels

Spending To Income Ratio% People
< 50%6%
50% - 60%11%
60% - 70%18%
70% - 80%26%
80% - 90%16%
90% - 100%9%
100% - 110%5%
110% - 120%3%
120% - 130%2%
130% - 140%2%
> 140%1%

Interpretation and Analysis

The average spending-to-salary ratio in Guadalajara is 110% This means that on average, people spend around 110% of their income for living. According to the distribution table, 18% of the population spend approximately 60% to 70% of their income every month.


How can spending be more than income?

A value higher than 100% means that the expenditure of those people is higher than their income. They are spending more than what they earn. This is possible in two scenarios. They are either borrowing from their savings to survive or they are borrowing from other sources (relatives, friends, banks, etc.). More about this in the debt section.



Individual
100%
Spending-Income-Ratio
89%
110%

Couple
110%
Spending-Income-Ratio
94%
120%

Family
120%
Spending-Income-Ratio
100%
130%

How do people spend their money in Guadalajara?

We asked thousands of people about their spending habits and expenditure breaks. Below are their answers.

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 Expenditure27%

27% of total expenses on average (16% to 35%)

LOW$97   1,600 MXN
AVERAGE$1,300   21,000 MXN
HIGH$13,000   210,000 MXN
Per Month

People living in Guadalajara typically spend from 16% to 35% of their total monthly expenditure on housing with 27% being the average. The average spend on housing is 21,000 MXN with expenditure ranging from 1,600 MXN to 210,000 MXN. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.

Utilities, Electricity, Water6%

6% of total expenses on average (3% to 10%)

LOW$16   270 MXN
AVERAGE$210   3,600 MXN
HIGH$2,100   36,000 MXN
Per Month

Utility expenditure like electricity, water, and gas in Guadalajara ranges from 3% to 10% of total expenses with 6% being the average. The average monthly cost of utilities is 3,600 MXN with 270 MXN and 36,000 MXN being the upper and lower limits.

Transport, Fuel, Commute8%

8% of total expenses on average (4% to 12%)

LOW$32   550 MXN
AVERAGE$420   7,100 MXN
HIGH$4,200   71,000 MXN
Per Month

Fuel consumption and cost of transport depend heavily on whether you live near your work or school, but roughly speaking you would expect to spend from 550 MXN to 71,000 MXN on commuting with 7,100 MXN being the norm for most people in one month. This means that money spent on transport constitutes about 8% of total spending on average but can go as low as 4% or as high as 12%.

Food and Groceries Cost27%

27% of total expenses on average (19% to 33%)

LOW$81   1,400 MXN
AVERAGE$1,000   18,000 MXN
HIGH$10,000   180,000 MXN
Per Month

The average outlay on groceries in a month in Guadalajara is 18,000 MXN. The cost of groceries can range between 1,400 MXN to 180,000 MXN. People spend on average about 27% on food and groceries with upper and lower bounds of 19% and 33% respectively.

Healthcare and Medical Services9%

9% of total expenses on average (4% to 12%)

LOW$23   380 MXN
AVERAGE$290   5,000 MXN
HIGH$2,900   50,000 MXN
Per Month

People in Guadalajara allocate 4% to 12% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 9%. The range of medical expenses range from 380 MXN to 50,000 MXN with 5,000 MXN being the norm.

Leisure and Shopping6%

6% of total expenses on average (3% to 10%)

LOW$13   220 MXN
AVERAGE$170   2,800 MXN
HIGH$1,700   28,000 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 220 MXN to 28,000 MXN with 2,800 MXN being the average. Speaking of percentages, that equates to 3% to 10% of total expenses with an average of 6% for most residents.

Education and Schooling6%

6% of total expenses on average (4% to 12%)

LOW$19   330 MXN
AVERAGE$250   4,300 MXN
HIGH$2,500   43,000 MXN
Per Month

Spending on education can vary drastically between different people. While working singles can spend 0% on education, families and students' expenditure can reach up to 22%. On average, education constitutes 6% of the monthly expenditure with 4% and 12% being the lower and upper bounds respectively. The average reported education cost is 4,300 MXN per month with 330 MXN being the minimum spent amount and 43,000 MXN being the maximum.

Other Expenses12%

12% of total expenses on average (7% to 19%)

LOW$42   710 MXN
AVERAGE$540   9,200 MXN
HIGH$5,400   92,000 MXN
Per Month

How much money can you save in Guadalajara every month?

We asked thousands of people what percentage of their income can they save in a month. Below are the answers.


What percentage of people in Guadalajara manage to save money from their income every month?


Saving Money
88%
Not Saving
12%

Almost 88% of the surveyed people in Guadalajara said that they can save some money at the end of each month while 12% said that aren't saving anything.


Percentage of people saving money by population group in Guadalajara

GroupSaversNon Savers
Singles91%9.1%
Couples84%16%
Families78%22%

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.


Saving to Income Ratio

17% 29% of income 44%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

2,000 MXN
$120
27,000 MXN
$1,600
270,000 MXN
$16,000
MINIMUM AVERAGE MAXIMUM

For most people, 17% to 44% of their monthly income is what they can allocate to their savings, with 29% being the average. The amount of money that people can save is approximately 27,000 MXN on average with savings ranging from 2,000 MXN to 270,000 MXN.

91% of surveyed singles reported some of their income going to savings while 84% of couples said the same. 78% of families confirmed their ability to save money.


How much money do people actually save in Guadalajara?

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.


Singles

Saving to Income Ratio

21% 35% of income 47%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

6,100 MXN
$360
18,000 MXN
$1,100
120,000 MXN
$7,200
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for singles

Saving To Income Ratio% Singles
0% - 10%29%
10% - 20%23%
20% - 30%16%
30% - 40%16%
40% - 50%12%
> 50%4%

Interpretation and Analysis

Singles who can afford to save reported that they allocate from 21% to 47% of their monthly income to savings, with 35% being the average for most singles. The average amount of money that singles are able to save is 18,000 MXN with 6,100 MXN and 120,000 MXN being the minimum and maximum respectively.


Couples

Saving to Income Ratio

19% 32% of income 45%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

10,000 MXN
$600
31,000 MXN
$1,800
160,000 MXN
$9,600
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for couples

Saving To Income Ratio% Couples
0% - 10%33%
10% - 20%25%
20% - 30%19%
30% - 40%11%
40% - 50%9%
> 50%3%

Interpretation and Analysis

Couples who confirmed their ability to save reported saving equivalent to 19% to 45% of their monthly income, with 32% being the average for most couples. The average amount of money that couples can save is 31,000 MXN with 10,000 MXN and 160,000 MXN being the minimum and maximum respectively.


Families

Saving to Income Ratio

16% 27% of income 40%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

14,000 MXN
$840
41,000 MXN
$2,400
220,000 MXN
$13,000
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for families

Saving To Income Ratio% Families
0% - 10%36%
10% - 20%28%
20% - 30%20%
30% - 40%8%
40% - 50%6%
> 50%2%

Interpretation and Analysis

Families in Guadalajara can save anywhere between 16% to 40% of their monthly income, with 27% being the average for most families. The average amount of money that families can put aside is 41,000 MXN with 14,000 MXN and 220,000 MXN being the minimum and maximum respectively.

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.

Affordable living in Guadalajara

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Guadalajara?


Yes
94%
No
6.5%

Around 94% of surveyed residents think that living in Guadalajara is affordable with proper budgeting while 6.5% reported that it is just too expensive and not affordable even with frugality and thriftness.

Low-cost alternatives in Guadalajara

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 residents how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options80%

Few low-cost options20%


Based on the survey, 80% of the people living in Guadalajara have no problem finding low-cost alternatives to support a frugal lifestyle while 20% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds

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 residents of Guadalajara whether they have an emergency fund and the answers were as follows.

Yes92%

No7.9%


Based on the survey, 7.9% of the people living in Guadalajara said that they don't have an emergency fund while 92% said that they do.

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 residents of Mexico 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 residents of Mexico have problems or difficulties in managing their expenditures and savings so asked the 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 of people in Guadalajara

In an attempt to understand the economic situation in Guadalajara, 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 Reduction33%
Retirement Savings8%
Education Funding8%
Homeownership17%
Investing9%
Travel or Lifestyle11%
Healthcare Expenses9%
Financial Independence8%

Around 7% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 33% said their number one priority is to pay off high-interest debt or loans and improve credit. 8% 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. 9% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 11% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 9% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Saving Challenges in Guadalajara

Reasons that make it difficult for people to save money

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


Reason% People
Low Income6%
High Expenses9%
Debt and Loans18%
Lack of Budgeting Skills10%
Impulsive Spending9%
Financial Emergencies6%
Living the moment7%
Will do it later17%
Inflation11%
Social Pressure3%
Market Instability3%

Around 6% of the people 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. 18% of the residents said that they are burdened with debt and find it challenging to save money. 10% 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. 9% 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. 7% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 17% 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. 11% 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 societal expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.

Typical saving choices for people in Guadalajara

Where do people choose to put their savings?


Saving Type% People
Emergency Funds11%
Gold10%
Savings Accounts17%
Retirement Accounts11%
Cash Savings16%
Real Estate10%
Investment6%
Stocks6%
Bonds6%
Mutual Funds3%
Certificates of Deposit3%

Retirement, pension plans, and life after work in Guadalajara

What does the retirement lifestyle look like in Guadalajara and how much retirement savings are required?

Retirement age

The retirement age for most employees in Mexico is 65 years. Specific retirement ages can vary based on factors like occupation, gender, years of contribution, and location. It is not entirely unlikely for people to retire either before or after this age.

Retirement planning and savings

There are many retirement saving options, some are personally initiated and others are government-sponsered. Regardless of the source of savings, the minimum amount of money that needs to be put aside to ensure a peaceful and comfortable retirement at each age can be found in the table below. This data is largely approximated and can vary drastically based on individual needs and situations. Treat these figures as a general guideline.


The typical saved amount of money you should have at every age as multiples of monthly salary:
AgeAmount
255x monthly salary at age 25
3010x monthly salary at age 30
3515x monthly salary at age 35
4025x monthly salary at age 40
4532x monthly salary at age 45
5048x monthly salary at age 50
5556x monthly salary at age 55
6064x monthly salary at age 60
6578x monthly salary at age 65

The typical average saved amount of money you should have at every age in Guadalajara:
AgeAmount
25200,000 MXN
30390,000 MXN
35680,000 MXN
40980,000 MXN
451.5M MXN
502.1M MXN
552.4M MXN
603M MXN
653.6M MXN

Retirement Income Distribution

We asked residents of Guadalajara about their retirement income sources and below are the results.

Source% People
Pensions13%
Savings22%
Investments13%
Social Security8%
Annuities8%
Part-time Job10%
Real Estate17%
Dividends and Interest8%

Retirement Monthly Expenses in Guadalajara

12,000 MXN
$700
36,000 MXN
$2,100
240,000 MXN
$14,000
MINIMUM AVERAGE MAXIMUM

Debt, loans, and mortgages in Guadalajara


Percentage of people who are in debt


In Debt
33%
Debt Free
67%

According to the survey, 33% of the people in Guadalajara have some kind of debt, loan, mortgage, or credit card payments while 67% reported that they don't have financial obligations to banks.


Debt-to-income ratio in Guadalajara

Debt to income ratio

37%

24% to 49%

( 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 37% of the people's monthly income in Guadalajara goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%12%
40% - 50%11%
30% - 40%13%
20% - 30%15%
10% - 20%18%
0% - 10%28%

According to our data, 3% of the debtors in Guadalajara pay 60%+ of their income as debt settlement while 12% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 11% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 13% dedicated 30% to 40% of income for same. Things are looking brighter for 15% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Guadalajara

Debt% People
Real Estate Mortgage13%
Auto Loan22%
Student Loan3%
Credit Card25%
Personal Loan37%

13% of debtors in Guadalajara confirm that real estate mortgages constitutes the main part of their outstanding debt while 25% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 22% of people and personal loans rose at 37%. Lastly, student loans are the main source of debt for 3% of debtors in Guadalajara.


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 Guadalajara

Besides measuring the loan-to-income ratio, we asked residents of Guadalajara 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
Never55%
Once a year22%
Twice a year11%
Three times a year8%
Four times a year4%

Housing costs, accommodation, and housing affordability in Guadalajara

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


Rent Cost in Guadalajara

Monthly Rent Prices

Studio apartment
6,300 MXN 9,400 MXN 25,000 MXN
MINIMUM AVERAGE MAXIMUM
$370 $550 $1,500
1-bedroom apartment
9,400 MXN 15,000 MXN 38,000 MXN
MINIMUM AVERAGE MAXIMUM
$550 $890 $2,200
2-bedroom apartment
13,000 MXN 19,000 MXN 50,000 MXN
MINIMUM AVERAGE MAXIMUM
$740 $1,100 $3,000
3-bedroom apartment
15,000 MXN 25,000 MXN 68,000 MXN
MINIMUM AVERAGE MAXIMUM
$890 $1,500 $4,000
Furnished apartment
30,000 MXN 75,000 MXN 150,000 MXN
MINIMUM AVERAGE MAXIMUM
$1,800 $4,400 $8,900
Townhouse
25,000 MXN 38,000 MXN 110,000 MXN
MINIMUM AVERAGE MAXIMUM
$1,500 $2,200 $6,300
House
30,000 MXN 75,000 MXN 150,000 MXN
MINIMUM AVERAGE MAXIMUM
$1,800 $4,400 $8,900
Villa
38,000 MXN 94,000 MXN 150,000 MXN
MINIMUM AVERAGE MAXIMUM
$2,200 $5,500 $8,900

The monthly rental cost of a studio apartment in Guadalajara ranges between 6,300 MXN and 25,000 MXN, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 9,400 MXN to 38,000 MXN. Two-bedroom rentals rate ranges between 13,000 MXN and 50,000 MXN per month. The monthly rental for a three-bedroom apartment ranges from 15,000 MXN to 68,000 MXN. The average rent of a townhouse in Guadalajara is around 38,000 MXN while house rental costs can be as high as 75,000 MXN per month. Finally, if you want to rent a villa, expect to pay anywhere from 38,000 MXN to 150,000 MXN per month.



Apartment and house prices in Guadalajara

Cost of buying a property

Studio apartment
1.3M MXN 1.9M MXN 3.8M MXN
MINIMUM AVERAGE MAXIMUM
$74,000 $110,000 $220,000
1-bedroom apartment
1.5M MXN 2.5M MXN 9.4M MXN
MINIMUM AVERAGE MAXIMUM
$89,000 $150,000 $550,000
2-bedroom apartment
2.5M MXN 7.5M MXN 15M MXN
MINIMUM AVERAGE MAXIMUM
$150,000 $440,000 $890,000
3-bedroom apartment
8.3M MXN 13M MXN 38M MXN
MINIMUM AVERAGE MAXIMUM
$490,000 $740,000 $2.2M
Townhouse
11M MXN 25M MXN 94M MXN
MINIMUM AVERAGE MAXIMUM
$630,000 $1.5M $5.5M
House
13M MXN 75M MXN 110M MXN
MINIMUM AVERAGE MAXIMUM
$740,000 $4.4M $6.3M
Villa
15M MXN 83M MXN 130M MXN
MINIMUM AVERAGE MAXIMUM
$890,000 $4.9M $7.4M

The average price of a studio apartment in Guadalajara can range from 1.3M MXN to 3.8M MXN depending on location. One bedroom cost can be anywhere from 1.5M MXN to 9.4M MXN. A villa can cost you 83M MXN on average with prices ranging from 15M MXN to 130M MXN.


If you're leasing or purchasing, housing costs in Guadalajara 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


57 x168 monthly income 288
MINIMUM AVERAGE MAXIMUM

Property prices in Guadalajara can be x168 to x288 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x168 multiples of the average monthly salary in Guadalajara.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


31% 44% of income 57%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Guadalajara is around 44%. This means that people pay 44% of their income for rent. Those figures can range from 31% to 57% 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
41%

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
2.4%
AVERAGE
3.4%
TO
4.5%

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.


110 MXN 1,400 MXN 14,000 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.


Single
Spending habits, consumption analysis, and expenditure patterns for a single person living in Guadalajara

Housing33%

33% of total expenses on average (21% to 45%)

LOW$350   5,900 MXN
AVERAGE$1,000   18,000 MXN
HIGH$7,000   120,000 MXN
Per Month

Utilities, Electricity, Water7%

7% of total expenses on average (3% to 12%)

LOW$58   980 MXN
AVERAGE$170   3,000 MXN
HIGH$1,200   20,000 MXN
Per Month

Transport, Fuel6%

6% of total expenses on average (4% to 12%)

LOW$77   1,300 MXN
AVERAGE$230   3,900 MXN
HIGH$1,500   26,000 MXN
Per Month

Food and Groceries18%

18% of total expenses on average (12% to 23%)

LOW$150   2,600 MXN
AVERAGE$460   7,900 MXN
HIGH$3,100   52,000 MXN
Per Month

Healthcare11%

11% of total expenses on average (5% to 15%)

LOW$87   1,500 MXN
AVERAGE$260   4,400 MXN
HIGH$1,700   30,000 MXN
Per Month

Leisure, Shopping4%

4% of total expenses on average (3% to 7%)

LOW$48   820 MXN
AVERAGE$150   2,500 MXN
HIGH$970   16,000 MXN
Per Month

Education2%

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

LOW$19   330 MXN
AVERAGE$58   980 MXN
HIGH$390   6,600 MXN
Per Month

Other Expenses20%

20% of total expenses on average (12% to 24%)

LOW$170   3,000 MXN
AVERAGE$520   8,900 MXN
HIGH$3,500   59,000 MXN
Per Month


Couple
Average monthly living expenditure breaks and spending patterns for couples in Guadalajara

Housing30%

30% of total expenses on average (23% to 40%)

LOW$530   9,000 MXN
AVERAGE$1,600   27,000 MXN
HIGH$8,500   140,000 MXN
Per Month

Utilities, Electricity, Water6%

6% of total expenses on average (4% to 10%)

LOW$81   1,400 MXN
AVERAGE$240   4,100 MXN
HIGH$1,300   22,000 MXN
Per Month

Transport, Fuel10%

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

LOW$190   3,300 MXN
AVERAGE$580   9,800 MXN
HIGH$3,100   52,000 MXN
Per Month

Food and Groceries16%

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

LOW$230   3,800 MXN
AVERAGE$680   11,000 MXN
HIGH$3,600   61,000 MXN
Per Month

Healthcare13%

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

LOW$180   3,000 MXN
AVERAGE$530   9,000 MXN
HIGH$2,800   48,000 MXN
Per Month

Leisure, Shopping5%

5% of total expenses on average (2% to 8%)

LOW$97   1,600 MXN
AVERAGE$290   4,900 MXN
HIGH$1,500   26,000 MXN
Per Month

Education2%

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

LOW$32   550 MXN
AVERAGE$97   1,600 MXN
HIGH$520   8,700 MXN
Per Month

Other Expenses19%

19% of total expenses on average (13% to 25%)

LOW$270   4,600 MXN
AVERAGE$820   14,000 MXN
HIGH$4,400   74,000 MXN
Per Month


Family
Average monthly expenses and break out of spending for families living in Guadalajara

Housing29%

29% of total expenses on average (24% to 39%)

LOW$720   12,000 MXN
AVERAGE$2,100   35,000 MXN
HIGH$11,000   190,000 MXN
Per Month

Transport, Fuel6%

6% of total expenses on average (4% to 8%)

LOW$180   3,100 MXN
AVERAGE$520   8,700 MXN
HIGH$2,800   48,000 MXN
Per Month

Food and Groceries20%

20% of total expenses on average (13% to 26%)

LOW$410   6,900 MXN
AVERAGE$1,200   20,000 MXN
HIGH$6,400   110,000 MXN
Per Month

Healthcare10%

10% of total expenses on average (6% to 15%)

LOW$180   3,100 MXN
AVERAGE$520   8,700 MXN
HIGH$2,800   48,000 MXN
Per Month

Leisure, Shopping4%

4% of total expenses on average (2% to 8%)

LOW$110   1,900 MXN
AVERAGE$320   5,500 MXN
HIGH$1,800   30,000 MXN
Per Month

Education14%

14% of total expenses on average (7% to 22%)

LOW$320   5,400 MXN
AVERAGE$900   15,000 MXN
HIGH$5,000   84,000 MXN
Per Month

Other Expenses14%

14% of total expenses on average (7% to 19%)

LOW$270   4,600 MXN
AVERAGE$770   13,000 MXN
HIGH$4,300   72,000 MXN
Per Month


Student
Cost of living and expenses break down for students living in Guadalajara

Housing21%

21% of total expenses on average (16% to 27%)

LOW$190   3,200 MXN
AVERAGE$480   8,100 MXN
HIGH$860   15,000 MXN
Per Month

Utilities, Electricity, Water5%

5% of total expenses on average (3% to 9%)

LOW$32   540 MXN
AVERAGE$80   1,400 MXN
HIGH$140   2,400 MXN
Per Month

Transport, Fuel5%

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

LOW$56   950 MXN
AVERAGE$140   2,400 MXN
HIGH$250   4,300 MXN
Per Month

Food and Groceries22%

22% of total expenses on average (16% to 26%)

LOW$160   2,700 MXN
AVERAGE$400   6,800 MXN
HIGH$720   12,000 MXN
Per Month

Healthcare8%

8% of total expenses on average (5% to 11%)

LOW$48   810 MXN
AVERAGE$120   2,000 MXN
HIGH$220   3,600 MXN
Per Month

Leisure, Shopping4%

4% of total expenses on average (2% to 8%)

LOW$40   680 MXN
AVERAGE$100   1,700 MXN
HIGH$180   3,000 MXN
Per Month

Education19%

19% of total expenses on average (12% to 24%)

LOW$150   2,600 MXN
AVERAGE$380   6,400 MXN
HIGH$680   12,000 MXN
Per Month

Other Expenses17%

17% of total expenses on average (11% to 23%)

LOW$120   2,000 MXN
AVERAGE$300   5,100 MXN
HIGH$540   9,100 MXN
Per Month
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