Whether you're living in Mexico 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.
4,100 | 41,000 | 610,000 |
MINIMUM | AVERAGE | MAXIMUM |
$240 | $2,400 | $36,000 |
5,200 | 37,000 | 410,000 |
MINIMUM | AVERAGE | MAXIMUM |
$310 | $2,200 | $24,000 |
8,200 | 53,000 | 490,000 |
MINIMUM | AVERAGE | MAXIMUM |
$480 | $3,100 | $29,000 |
12,000 | 61,000 | 610,000 |
MINIMUM | AVERAGE | MAXIMUM |
$720 | $3,600 | $36,000 |
4,100 | 27,000 | 300,000 |
MINIMUM | AVERAGE | MAXIMUM |
$240 | $1,600 | $18,000 |
The average monthly expense for a single person living in Mexico is 37,000 MXN. Expenses can range from 5,200 MXN at the minimum level to 410,000 MXN at the highest end.
The average monthly spending of couples in Mexico is 53,000 MXN. Expenditure can range from 8,200 MXN to 490,000 MXN per month.
The average cost of living for families in Mexico is 61,000 MXN per month. Families spend anywhere from 12,000 MXN to 610,000 MXN.
The average monthly expenditure for students in Mexico is 27,000 MXN. Students spend from 4,100 MXN to 300,000 MXN per month.
56 MXN | 110 MXN | 190 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$3.3 | $6.6 | $11 |
190 MXN | 280 MXN | 560 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$11 | $17 | $33 |
380 MXN | 560 MXN | 2,300 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$22 | $33 | $130 |
47 MXN | 75 MXN | 110 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$2.8 | $4.4 | $6.6 |
38 MXN | 45 MXN | 56 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$2.2 | $2.7 | $3.3 |
28 MXN | 38 MXN | 56 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$1.7 | $2.2 | $3.3 |
64 MXN | 83 MXN | 120 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$3.8 | $4.9 | $6.9 |
75 MXN | 110 MXN | 230 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$4.4 | $6.6 | $13 |
30 MXN | 41 MXN | 59 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$1.8 | $2.4 | $3.5 |
11 MXN | 15 MXN | 28 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$0.66 | $0.88 | $1.7 |
20 MXN | 26 MXN | 43 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$1.2 | $1.6 | $2.6 |
47 MXN | 56 MXN | 110 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$2.8 | $3.3 | $6.6 |
280 MXN | 380 MXN | 750 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$17 | $22 | $44 |
280 MXN | 380 MXN | 560 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$17 | $22 | $33 |
140,000 MXN | 280,000 MXN | 380,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$8,300 | $17,000 | $22,000 |
9.4 MXN | 14 MXN | 28 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$0.55 | $0.83 | $1.7 |
380 MXN | 560 MXN | 1,100 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$22 | $33 | $66 |
310 MXN | 2,200 MXN | 25,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$18 | $130 | $1,400 |
330 MXN | 2,400 MXN | 27,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$19 | $140 | $1,600 |
610 MXN | 3,100 MXN | 31,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$36 | $180 | $1,800 |
280 MXN | 560 MXN | 750 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$17 | $33 | $44 |
230 MXN | 380 MXN | 1,100 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$13 | $22 | $66 |
140 MXN | 190 MXN | 280 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$8.3 | $11 | $17 |
450 MXN | 560 MXN | 1,100 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$27 | $33 | $66 |
330 MXN | 470 MXN | 700 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$20 | $28 | $41 |
310 MXN | 430 MXN | 1,400 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$18 | $26 | $83 |
300 MXN | 400 MXN | 940 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$17 | $24 | $55 |
260 MXN | 310 MXN | 630 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$15 | $18 | $37 |
280 MXN | 350 MXN | 1,900 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$17 | $21 | $110 |
140 MXN | 190 MXN | 560 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$8.3 | $11 | $33 |
4,700 MXN | 7,000 MXN | 19,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$280 | $410 | $1,100 |
7,000 MXN | 11,000 MXN | 28,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$410 | $660 | $1,700 |
9,400 MXN | 14,000 MXN | 38,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$550 | $830 | $2,200 |
940,000 MXN | 1.4M MXN | 2.8M MXN |
MINIMUM | AVERAGE | MAXIMUM |
$55,000 | $83,000 | $170,000 |
1.1M MXN | 1.9M MXN | 7M MXN |
MINIMUM | AVERAGE | MAXIMUM |
$66,000 | $110,000 | $410,000 |
1.9M MXN | 5.6M MXN | 11M MXN |
MINIMUM | AVERAGE | MAXIMUM |
$110,000 | $330,000 | $660,000 |
5,600 MXN | 7,000 MXN | 9,400 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$330 | $410 | $550 |
3,800 MXN | 5,600 MXN | 7,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$220 | $330 | $410 |
3,300 MXN | 4,300 MXN | 5,600 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$200 | $260 | $330 |
6,300 MXN | 8,000 MXN | 28,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$370 | $470 | $1,700 |
2,800 MXN | 3,800 MXN | 7,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$170 | $220 | $410 |
3,800 MXN | 5,100 MXN | 11,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$220 | $300 | $660 |
3,800 MXN | 5,600 MXN | 11,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$220 | $330 | $660 |
3,300 MXN | 5,100 MXN | 7,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$200 | $300 | $410 |
4,300 MXN | 6,300 MXN | 11,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$260 | $370 | $660 |
4,000 MXN | 5,100 MXN | 7,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$240 | $300 | $410 |
4,700 MXN | 5,600 MXN | 8,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$280 | $330 | $470 |
5,100 MXN | 6,300 MXN | 11,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$300 | $370 | $660 |
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.
This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.
This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.
This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.
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.
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 whether they have an emergency fund and the answers were as follows.
Based on the survey, 31% of the people living in Mexico said that they don't have an emergency fund while 69% said that they do.
28% of total expenses on average (17% to 36%)
LOW | $72 1,200 MXN |
AVERAGE | $720 12,000 MXN |
HIGH | $11,000 180,000 MXN |
Per Month |
People living in Mexico typically spend from 17% to 36% of their total monthly expenditure on housing with 28% being the average. The average spend on housing is 12,000 MXN with expenditure ranging from 1,200 MXN to 180,000 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.
6% of total expenses on average (3% to 10%)
LOW | $12 200 MXN |
AVERAGE | $120 2,000 MXN |
HIGH | $1,800 31,000 MXN |
Per Month |
Utility expenditure like electricity, water, and gas in Mexico ranges from 3% to 10% of total expenses with 6% being the average. The average monthly cost of utilities is 2,000 MXN with 200 MXN and 31,000 MXN being the upper and lower limits.
9% of total expenses on average (4% to 13%)
LOW | $24 410 MXN |
AVERAGE | $240 4,100 MXN |
HIGH | $3,600 61,000 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 410 MXN to 61,000 MXN on commuting with 4,100 MXN being the norm for most people in one month. This means that money spent on transport constitutes about 9% of total spending on average but can go as low as 4% or as high as 13%.
26% of total expenses on average (18% to 32%)
LOW | $60 1,000 MXN |
AVERAGE | $600 10,000 MXN |
HIGH | $9,100 150,000 MXN |
Per Month |
The average outlay on groceries in a month in Mexico is 10,000 MXN. The cost of groceries can range between 1,000 MXN to 150,000 MXN. People spend on average about 26% on food and groceries with upper and lower bounds of 18% and 32% respectively.
8% of total expenses on average (3% to 11%)
LOW | $17 290 MXN |
AVERAGE | $170 2,900 MXN |
HIGH | $2,500 43,000 MXN |
Per Month |
People in Mexico allocate 3% to 11% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 8%. The range of medical expenses range from 290 MXN to 43,000 MXN with 2,900 MXN being the norm.
6% of total expenses on average (3% to 10%)
LOW | $9.7 160 MXN |
AVERAGE | $97 1,600 MXN |
HIGH | $1,400 25,000 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 160 MXN to 25,000 MXN with 1,600 MXN being the average. Speaking of percentages, that equates to 3% to 10% of total expenses with an average of 6% for most residents.
6% of total expenses on average (4% to 12%)
LOW | $14 250 MXN |
AVERAGE | $140 2,500 MXN |
HIGH | $2,200 37,000 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 2,500 MXN per month with 250 MXN being the minimum spent amount and 37,000 MXN being the maximum.
11% of total expenses on average (6% to 18%)
LOW | $31 530 MXN |
AVERAGE | $310 5,300 MXN |
HIGH | $4,700 80,000 MXN |
Per Month |
We wanted to understand what is stopping people from maximizing their savings in Mexico. Listed below are the answers given by the survey participants.
Reason | % People |
---|---|
Low Income | 7% |
High Expenses | 10% |
Debt and Loans | 19% |
Lack of Budgeting Skills | 10% |
Impulsive Spending | 9% |
Financial Emergencies | 6% |
Living the moment | 7% |
Will do it later | 16% |
Inflation | 10% |
Social Pressure | 4% |
Market Instability | 3% |
Around 7% of the people said that their salary is too low to accommodate a portion for savings while 10% said that the high cost of living leaves little room for savings. 19% 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. 16% 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. 10% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 4% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.
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:
Based on the survey, 60% of the people living in Mexico have no problem finding low-cost alternatives to support a frugal lifestyle while 40% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.
Saving Type | % People |
---|---|
Emergency Funds | 10% |
Gold | 9% |
Savings Accounts | 18% |
Retirement Accounts | 12% |
Cash Savings | 15% |
Real Estate | 10% |
Investment | 6% |
Stocks | 7% |
Bonds | 7% |
Mutual Funds | 3% |
Certificates of Deposit | 4% |
We asked thousands of people what percentage of their income can they save in a month. Below are the answers.
Almost 66% of the surveyed people in Mexico said that they can save some money at the end of each month while 34% said that aren't saving anything.
Group | Savers | Non Savers |
---|---|---|
Singles | 68% | 32% |
Couples | 63% | 37% |
Families | 58% | 42% |
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.
13% | 22% of income | 33% |
MINIMUM | AVERAGE | MAXIMUM |
1,500 MXN $90 | 15,000 MXN $900 | 230,000 MXN $14,000 |
MINIMUM | AVERAGE | MAXIMUM |
For most people, 13% to 33% of their monthly income is what they can allocate to their savings, with 22% being the average. The amount of money that people can save is approximately 15,000 MXN on average with savings ranging from 1,500 MXN to 230,000 MXN.
68% of surveyed singles reported some of their income going to savings while 63% of couples said the same. 58% of families confirmed their ability to save money.
16% | 26% of income | 35% |
MINIMUM | AVERAGE | MAXIMUM |
1,500 MXN $90 | 14,000 MXN $810 | 150,000 MXN $9,000 |
MINIMUM | AVERAGE | MAXIMUM |
Saving To Income Ratio | % Singles |
---|---|
0% - 10% | 27% |
10% - 20% | 22% |
20% - 30% | 15% |
30% - 40% | 18% |
40% - 50% | 13% |
> 50% | 5% |
Singles who can afford to save reported that they allocate from 16% to 35% of their monthly income to savings, with 26% being the average for most singles. The average amount of money that singles are able to save is 14,000 MXN with 1,500 MXN and 150,000 MXN being the minimum and maximum respectively.
14% | 24% of income | 34% |
MINIMUM | AVERAGE | MAXIMUM |
3,100 MXN $180 | 20,000 MXN $1,200 | 180,000 MXN $11,000 |
MINIMUM | AVERAGE | MAXIMUM |
Saving To Income Ratio | % Couples |
---|---|
0% - 10% | 31% |
10% - 20% | 24% |
20% - 30% | 18% |
30% - 40% | 13% |
40% - 50% | 10% |
> 50% | 4% |
Couples who confirmed their ability to save reported saving equivalent to 14% to 34% of their monthly income, with 24% being the average for most couples. The average amount of money that couples can save is 20,000 MXN with 3,100 MXN and 180,000 MXN being the minimum and maximum respectively.
12% | 20% of income | 30% |
MINIMUM | AVERAGE | MAXIMUM |
4,600 MXN $270 | 23,000 MXN $1,400 | 230,000 MXN $14,000 |
MINIMUM | AVERAGE | MAXIMUM |
Saving To Income Ratio | % Families |
---|---|
0% - 10% | 34% |
10% - 20% | 27% |
20% - 30% | 19% |
30% - 40% | 10% |
40% - 50% | 7% |
> 50% | 3% |
Families in Mexico can save anywhere between 12% to 30% of their monthly income, with 20% being the average for most families. The average amount of money that families can put aside is 23,000 MXN with 4,600 MXN and 230,000 MXN being the minimum and maximum respectively.
We asked residents one simple question and recorded their answers.
Around 70% of surveyed residents think that living in Mexico is affordable with proper budgeting while 30% reported that it is just too expensive and not affordable even with frugality and thriftness.
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.
83%
74% to 92%
( expenditure / income ) x 100
Spending To Income Ratio | % People |
---|---|
< 50% | 7% |
50% - 60% | 12% |
60% - 70% | 19% |
70% - 80% | 27% |
80% - 90% | 14% |
90% - 100% | 8% |
100% - 110% | 5% |
110% - 120% | 3% |
120% - 130% | 2% |
130% - 140% | 1% |
> 140% | 1% |
The average spending-to-salary ratio in Mexico is 83% This means that on average, people spend around 83% of their income for living. According to the distribution table, 19% of the population spend approximately 60% to 70% of their income every month.
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.
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.
We asked residents of 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.
We wanted to understand whether residents of 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.
Rental costs and house/apartment prices can vary drastically between different areas and locations.
4,700 MXN | 7,000 MXN | 19,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$280 | $410 | $1,100 |
7,000 MXN | 11,000 MXN | 28,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$410 | $660 | $1,700 |
9,400 MXN | 14,000 MXN | 38,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$550 | $830 | $2,200 |
11,000 MXN | 19,000 MXN | 51,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$660 | $1,100 | $3,000 |
23,000 MXN | 56,000 MXN | 110,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$1,300 | $3,300 | $6,600 |
19,000 MXN | 28,000 MXN | 80,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$1,100 | $1,700 | $4,700 |
23,000 MXN | 56,000 MXN | 110,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$1,300 | $3,300 | $6,600 |
28,000 MXN | 70,000 MXN | 110,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$1,700 | $4,100 | $6,600 |
The monthly rental cost of a studio apartment in Mexico ranges between 4,700 MXN and 19,000 MXN, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 7,000 MXN to 28,000 MXN. Two-bedroom rentals rate ranges between 9,400 MXN and 38,000 MXN per month. The monthly rental for a three-bedroom apartment ranges from 11,000 MXN to 51,000 MXN. The average rent of a townhouse in Mexico is around 28,000 MXN while house rental costs can be as high as 56,000 MXN per month. Finally, if you want to rent a villa, expect to pay anywhere from 28,000 MXN to 110,000 MXN per month.
940,000 MXN | 1.4M MXN | 2.8M MXN |
MINIMUM | AVERAGE | MAXIMUM |
$55,000 | $83,000 | $170,000 |
1.1M MXN | 1.9M MXN | 7M MXN |
MINIMUM | AVERAGE | MAXIMUM |
$66,000 | $110,000 | $410,000 |
1.9M MXN | 5.6M MXN | 11M MXN |
MINIMUM | AVERAGE | MAXIMUM |
$110,000 | $330,000 | $660,000 |
6.3M MXN | 9.4M MXN | 28M MXN |
MINIMUM | AVERAGE | MAXIMUM |
$370,000 | $550,000 | $1.7M |
8M MXN | 19M MXN | 70M MXN |
MINIMUM | AVERAGE | MAXIMUM |
$470,000 | $1.1M | $4.1M |
9.4M MXN | 56M MXN | 80M MXN |
MINIMUM | AVERAGE | MAXIMUM |
$550,000 | $3.3M | $4.7M |
11M MXN | 63M MXN | 94M MXN |
MINIMUM | AVERAGE | MAXIMUM |
$660,000 | $3.7M | $5.5M |
The average price of a studio apartment in Mexico can range from 940,000 MXN to 2.8M MXN depending on location. One bedroom cost can be anywhere from 1.1M MXN to 7M MXN. A villa can cost you 63M MXN on average with prices ranging from 11M MXN to 94M MXN.
( average property price / average monthly income ) x 100
43 | x126 monthly income | 216 |
MINIMUM | AVERAGE | MAXIMUM |
Property prices in Mexico can be x126 to x216 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x126 multiples of the average monthly salary in Mexico.
( monthly rental / monthly income ) x 100
23% | 33% of income | 43% |
MINIMUM | AVERAGE | MAXIMUM |
The average rent-to-income ratio in Mexico is around 33%. This means that people pay 33% of their income for rent. Those figures can range from 23% to 43% depending on the salary, location, and type of property.
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.
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.
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.
82 MXN | 820 MXN | 12,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
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.
In an attempt to understand the economic situation in Mexico, 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 Fund | 6% |
Debt Reduction | 30% |
Retirement Savings | 7% |
Education Funding | 9% |
Homeownership | 16% |
Investing | 9% |
Travel or Lifestyle | 12% |
Healthcare Expenses | 8% |
Financial Independence | 9% |
Around 6% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 30% said their number one priority is to pay off high-interest debt or loans and improve credit. 7% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 9% reported that their priority is saving for the tuition fees and education costs of their children while 16% 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 12% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 8% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.
The retirement age for most employees in 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.
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.
Age | Amount |
---|---|
25 | 5x monthly salary at age 25 |
30 | 10x monthly salary at age 30 |
35 | 15x monthly salary at age 35 |
40 | 25x monthly salary at age 40 |
45 | 32x monthly salary at age 45 |
50 | 48x monthly salary at age 50 |
55 | 56x monthly salary at age 55 |
60 | 64x monthly salary at age 60 |
65 | 78x monthly salary at age 65 |
Age | Amount |
---|---|
25 | 110,000 MXN |
30 | 230,000 MXN |
35 | 390,000 MXN |
40 | 560,000 MXN |
45 | 840,000 MXN |
50 | 1.2M MXN |
55 | 1.4M MXN |
60 | 1.7M MXN |
65 | 2.1M MXN |
We asked residents about their retirement income sources and below are the results.
Source | % People |
---|---|
Pensions | 14% |
Savings | 21% |
Investments | 14% |
Social Security | 9% |
Annuities | 9% |
Part-time Job | 9% |
Real Estate | 16% |
Dividends and Interest | 9% |
3,000 MXN $180 | 27,000 MXN $1,600 | 300,000 MXN $18,000 |
MINIMUM | AVERAGE | MAXIMUM |
According to the survey, 25% of the people in Mexico have some kind of debt, loan, mortgage, or credit card payments while 75% reported that they don't have financial obligations to banks.
28%
18% to 37%
( monthly debt payment / monthly income ) x 100
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 28% of the people's monthly income in Mexico goes to debt settlement.
Debt-to-income ratio | % People |
---|---|
> 60% | 2% |
50% - 60% | 10% |
40% - 50% | 10% |
30% - 40% | 12% |
20% - 30% | 16% |
10% - 20% | 20% |
0% - 10% | 28% |
According to our data, 2% of the debtors in Mexico pay 60%+ of their income as debt settlement while 10% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 10% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 12% dedicated 30% to 40% of income for same. Things are looking brighter for 16% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.
Debt | % People |
---|---|
Real Estate Mortgage | 14% |
Auto Loan | 24% |
Student Loan | 3% |
Credit Card | 24% |
Personal Loan | 35% |
14% of debtors in Mexico confirm that real estate mortgages constitutes the main part of their outstanding debt while 24% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 24% of people and personal loans rose at 35%. Lastly, student loans are the main source of debt for 3% of debtors in Mexico.
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.
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.
Besides measuring the loan-to-income ratio, we asked residents 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 | % People |
---|---|
Never | 56% |
Once a year | 21% |
Twice a year | 11% |
Three times a year | 8% |
Four times a year | 3% |
Utilities expenditure can vary slightly between different areas and locations.
310 MXN | 2,200 MXN | 25,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$18 | $130 | $1,400 |
330 MXN | 2,400 MXN | 27,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$19 | $140 | $1,600 |
610 MXN | 3,100 MXN | 31,000 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$36 | $180 | $1,800 |
280 MXN | 560 MXN | 750 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$17 | $33 | $44 |
230 MXN | 380 MXN | 1,100 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$13 | $22 | $66 |
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 expenditure for individuals on electricty, water, and gas in Mexico ranges between 310 MXN and 25,000 MXN with average being 2,200 MXN, meanwhile the expenditure of couples is slightly higher at 2,400 MXN with 330 MXN and 27,000 MXN being the upper and lower limits respectively. As expected, the energy and water consumption of families is the highest among the three groups with an average of 3,100 MXN. The cost of internet and WiFi is unchanged among the three groups and ranges from 280 MXN to 750 MXN with 560 MXN being the average internet bill. Finally, the average monthly mobile charges is around 380 MXN but can range between 230 MXN and 1,100 MXN depending on consumption. Mobile charges include both calling minutes as well as data packages.
( monthly utility expenses / monthly income ) x 100
2% | 5% of income | 9% |
MINIMUM | AVERAGE | MAXIMUM |
The average utility-to-income ratio in Mexico is around 5%. This means that people pay 5% of their income for energy, water, internet, and mobile charges. Those figures can range from 2% to 9% depending on salary and location.
Grocery / Food expenditure and prices can vary drastically between different areas and locations.
56 MXN | 110 MXN | 190 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$3.3 | $6.6 | $11 |
The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Mexico is approximatly 110 MXN with meal cost ranging from 56 MXN to 190 MXN. The typical combo meal consists of a burger, french fries, and a drink.
190 MXN | 280 MXN | 560 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$11 | $17 | $33 |
If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 190 MXN and 560 MXN with 280 MXN being the average price of a plate for one person at a regular restaurant in Mexico.
380 MXN | 560 MXN | 2,300 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$22 | $33 | $130 |
The price range of a meal at fine-dining restaurant is 380 MXN to 2,300 MXN with the average cost being 560 MXN for one person. This is what you would expect to pay a top-tier diner in Mexico.
47 MXN | 75 MXN | 110 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$2.8 | $4.4 | $6.6 |
The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Mexico is around 75 MXN. Price ranges between 47 MXN and 110 MXN depending on the type of beverage, the size, and optional add-ons.
38 MXN | 45 MXN | 56 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$2.2 | $2.7 | $3.3 |
The average price of a large bottle of milk in Mexico is 45 MXN. The maximum what you would pay for milk is 56 MXN and the minimum being 38 MXN depending on the brand of milk and other properties.
28 MXN | 38 MXN | 56 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$1.7 | $2.2 | $3.3 |
A dozen eggs costs around 38 MXN on average with 28 MXN and 56 MXN being the lower and upper limits respectively.
64 MXN | 83 MXN | 120 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$3.8 | $4.9 | $6.9 |
The price range of a fresh whole chicken in Mexico is between 64 MXN and 120 MXN depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 83 MXN.
75 MXN | 110 MXN | 230 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$4.4 | $6.6 | $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.
30 MXN | 41 MXN | 59 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$1.8 | $2.4 | $3.5 |
A bag of rice in Mexico costs around 41 MXN on average with prices rangeing between 30 MXN and 59 MXN depending on the brand and quality.
11 MXN | 15 MXN | 28 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$0.66 | $0.88 | $1.7 |
A bag of tomatoes costs anywhere from 11 MXN to 28 MXN. A bag of tomatoes denotes 1Kg or 1lb depending on location.
20 MXN | 26 MXN | 43 MXN |
MINIMUM | AVERAGE | MAXIMUM |
$1.2 | $1.6 | $2.6 |
A bag of apples costs 26 MXN on average. A bag of apples denotes 1Kg or 1lb depending on location.
( monthly grocery expenses / monthly income ) x 100
17% | 25% of income | 31% |
MINIMUM | AVERAGE | MAXIMUM |
The average grocery-to-income ratio in Mexico is around 25%. This means that people spend 25% of their income on grocery and basic household items. The expenditure can range from 17% to 31% depending on salary and location.
A single person living alone spends approximately 5,900 MXN per month on grocery and food with expenditure fluctuating between 840 MXN and 66,000 MXN depending on location and the type of person. The average cost of food and groceries for a couple is around 7,500 MXN per month. That number can be get as low as 1,100 MXN or a high as 69,000 MXN. Families' spending on grocery ranges from 2,200 MXN to 110,000 MXN with the location, income, and size of the family being the most determinite factors.
The average cost of living in Navojoa is 18,000 MXN, which is 56% less than the country average. Navojoa is ranked first in Mexico in terms of expendenture and cost of living.
The average cost of living in Hidalgo del Parral is 18,000 MXN, which is 56% less than the country average. Hidalgo del Parral is ranked second in Mexico in terms of expendenture and cost of living.
The average cost of living in Guaymas is 19,000 MXN, which is 54% less than the country average. Guaymas is ranked third in Mexico in terms of expendenture and cost of living.
The average cost of living in Minatitlan is 19,000 MXN, which is 54% less than the country average. Minatitlan is ranked fourth in Mexico in terms of expendenture and cost of living.
The average cost of living in San Pedro Garza Garcia is 19,000 MXN, which is 54% less than the country average. San Pedro Garza Garcia is ranked fifth in Mexico in terms of expendenture and cost of living.
The average cost of living in Orizaba is 19,000 MXN, which is 54% less than the country average. Orizaba is ranked sixth in Mexico in terms of expendenture and cost of living.
The average cost of living in Fresnillo is 20,000 MXN, which is 51% less than the country average. Fresnillo is ranked seventh in Mexico in terms of expendenture and cost of living.
The average cost of living in Iguala is 20,000 MXN, which is 51% less than the country average. Iguala is ranked eighth in Mexico in terms of expendenture and cost of living.
The average cost of living in Delicias is 21,000 MXN, which is 49% less than the country average. Delicias is ranked ninth in Mexico in terms of expendenture and cost of living.
The average cost of living in Zacatecas is 21,000 MXN, which is 49% less than the country average. Zacatecas is ranked tenth in Mexico in terms of expendenture and cost of living.
The average cost of living in Ciudad Valles is 22,000 MXN, which is 46% less than the country average. Ciudad Valles is ranked eleventh in Mexico in terms of expendenture and cost of living.
The average cost of living in Manzanillo is 22,000 MXN, which is 46% less than the country average. Manzanillo is ranked twelfth in Mexico in terms of expendenture and cost of living.
The average cost of living in San Juan del Rio is 23,000 MXN, which is 44% less than the country average. San Juan del Rio is ranked thirteenth in Mexico in terms of expendenture and cost of living.
The average cost of living in Zamora de Hidalgo is 23,000 MXN, which is 44% less than the country average. Zamora de Hidalgo is ranked fourteenth in Mexico in terms of expendenture and cost of living.
The average cost of living in Cordoba is 24,000 MXN, which is 41% less than the country average. Cordoba is ranked fifteenth in Mexico in terms of expendenture and cost of living.
The average cost of living in Colima is 24,000 MXN, which is 41% less than the country average. Colima is ranked sixteenth in Mexico in terms of expendenture and cost of living.
The average cost of living in Playa del Carmen is 24,000 MXN, which is 41% less than the country average. Playa del Carmen is ranked seventeenth in Mexico in terms of expendenture and cost of living.
The average cost of living in Boca del Rio is 24,000 MXN, which is 41% less than the country average. Boca del Rio is ranked eighteenth in Mexico in terms of expendenture and cost of living.
The average cost of living in Cuautla is 25,000 MXN, which is 39% less than the country average. Cuautla is ranked nineteenth in Mexico in terms of expendenture and cost of living.
The average cost of living in Piedras Negras is 25,000 MXN, which is 39% less than the country average. Piedras Negras is ranked twentyth in Mexico in terms of expendenture and cost of living.
The average cost of living in Chetumal is 26,000 MXN, which is 37% less than the country average. Chetumal is ranked twenty-onth in Mexico in terms of expendenture and cost of living.
The average cost of living in Ciudad Juarez is 26,000 MXN, which is 37% less than the country average. Ciudad Juarez is ranked twenty-twoth in Mexico in terms of expendenture and cost of living.
The average cost of living in Salamanca is 27,000 MXN, which is 34% less than the country average. Salamanca is ranked twenty-threth in Mexico in terms of expendenture and cost of living.
The average cost of living in San Luis Rio Colorado is 27,000 MXN, which is 34% less than the country average. San Luis Rio Colorado is ranked twenty-fourth in Mexico in terms of expendenture and cost of living.
The average cost of living in Jiutepec is 28,000 MXN, which is 32% less than the country average. Jiutepec is ranked twenty-fivth in Mexico in terms of expendenture and cost of living.
The average cost of living in Chalco is 28,000 MXN, which is 32% less than the country average. Chalco is ranked twenty-sixth in Mexico in terms of expendenture and cost of living.
The average cost of living in Chicoloapan is 29,000 MXN, which is 29% less than the country average. Chicoloapan is ranked twenty-seventh in Mexico in terms of expendenture and cost of living.
The average cost of living in Ciudad del Carmen is 29,000 MXN, which is 29% less than the country average. Ciudad del Carmen is ranked twenty-eightth in Mexico in terms of expendenture and cost of living.
The average cost of living in Poza Rica is 30,000 MXN, which is 27% less than the country average. Poza Rica is ranked twenty-ninth in Mexico in terms of expendenture and cost of living.
The average cost of living in San Cristobal de las Casas is 30,000 MXN, which is 27% less than the country average. San Cristobal de las Casas is ranked thirtyth in Mexico in terms of expendenture and cost of living.
The average cost of living in Cholula de Rivadabia is 31,000 MXN, which is 24% less than the country average. Cholula de Rivadabia is ranked thirty-onth in Mexico in terms of expendenture and cost of living.
The average cost of living in San Pablo de las Salinas is 31,000 MXN, which is 24% less than the country average. San Pablo de las Salinas is ranked thirty-twoth in Mexico in terms of expendenture and cost of living.
The average cost of living in Tapachula is 33,000 MXN, which is 20% less than the country average. Tapachula is ranked thirty-threth in Mexico in terms of expendenture and cost of living.
The average cost of living in Chilpancingo is 33,000 MXN, which is 20% less than the country average. Chilpancingo is ranked thirty-fourth in Mexico in terms of expendenture and cost of living.
The average cost of living in Nogales is 34,000 MXN, which is 17% less than the country average. Nogales is ranked thirty-fivth in Mexico in terms of expendenture and cost of living.
The average cost of living in Puerto Vallarta is 34,000 MXN, which is 17% less than the country average. Puerto Vallarta is ranked thirty-sixth in Mexico in terms of expendenture and cost of living.
The average cost of living in Buenavista is 35,000 MXN, which is 15% less than the country average. Buenavista is ranked thirty-seventh in Mexico in terms of expendenture and cost of living.
The average cost of living in Metepec is 35,000 MXN, which is 15% less than the country average. Metepec is ranked thirty-eightth in Mexico in terms of expendenture and cost of living.
The average cost of living in Monclova is 36,000 MXN, which is 12% less than the country average. Monclova is ranked thirty-ninth in Mexico in terms of expendenture and cost of living.
The average cost of living in Acuna is 36,000 MXN, which is 12% less than the country average. Acuna is ranked fortyth in Mexico in terms of expendenture and cost of living.
The average cost of living in La Paz is 37,000 MXN, which is 9.8% less than the country average. La Paz is ranked forty-onth in Mexico in terms of expendenture and cost of living.
The average cost of living in Campeche is 37,000 MXN, which is 9.8% less than the country average. Campeche is ranked forty-twoth in Mexico in terms of expendenture and cost of living.
The average cost of living in Coatzacoalcos is 38,000 MXN, which is 7.3% less than the country average. Coatzacoalcos is ranked forty-threth in Mexico in terms of expendenture and cost of living.
The average cost of living in Ojo de Agua is 38,000 MXN, which is 7.3% less than the country average. Ojo de Agua is ranked forty-fourth in Mexico in terms of expendenture and cost of living.
The average cost of living in Tehuacan is 40,000 MXN, which is 2.4% less than the country average. Tehuacan is ranked forty-fivth in Mexico in terms of expendenture and cost of living.
The average cost of living in Soledad de Graciano Sanchez is 40,000 MXN, which is 2.4% less than the country average. Soledad de Graciano Sanchez is ranked forty-sixth in Mexico in terms of expendenture and cost of living.
The average cost of living in Pachuca is 41,000 MXN, which is same as the country average. Pachuca is ranked forty-seventh in Mexico in terms of expendenture and cost of living.
The average cost of living in Oaxaca is 41,000 MXN, which is same as the country average. Oaxaca is ranked forty-eightth in Mexico in terms of expendenture and cost of living.
The average cost of living in Los Reyes la Paz is 42,000 MXN, which is 2.4% more than the country average. Los Reyes la Paz is ranked forty-ninth in Mexico in terms of expendenture and cost of living.
The average cost of living in Uruapan is 42,000 MXN, which is 2.4% more than the country average. Uruapan is ranked fiftyth in Mexico in terms of expendenture and cost of living.
The average cost of living in Los Mochis is 44,000 MXN, which is 7.3% more than the country average. Los Mochis is ranked fifty-onth in Mexico in terms of expendenture and cost of living.
The average cost of living in Gomez Palacio is 44,000 MXN, which is 7.3% more than the country average. Gomez Palacio is ranked fifty-twoth in Mexico in terms of expendenture and cost of living.
The average cost of living in Ciudad Santa Catarina is 45,000 MXN, which is 9.8% more than the country average. Ciudad Santa Catarina is ranked fifty-threth in Mexico in terms of expendenture and cost of living.
The average cost of living in Villa Nicolas Romero is 45,000 MXN, which is 9.8% more than the country average. Villa Nicolas Romero is ranked fifty-fourth in Mexico in terms of expendenture and cost of living.
The average cost of living in Coacalco is 46,000 MXN, which is 12% more than the country average. Coacalco is ranked fifty-fivth in Mexico in terms of expendenture and cost of living.
The average cost of living in Ensenada is 46,000 MXN, which is 12% more than the country average. Ensenada is ranked fifty-sixth in Mexico in terms of expendenture and cost of living.
The average cost of living in Ciudad Victoria is 48,000 MXN, which is 17% more than the country average. Ciudad Victoria is ranked fifty-seventh in Mexico in terms of expendenture and cost of living.
The average cost of living in Tampico is 48,000 MXN, which is 17% more than the country average. Tampico is ranked fifty-eightth in Mexico in terms of expendenture and cost of living.
The average cost of living in Ciudad Obregon is 49,000 MXN, which is 20% more than the country average. Ciudad Obregon is ranked fifty-ninth in Mexico in terms of expendenture and cost of living.
The average cost of living in Ixtapaluca is 49,000 MXN, which is 20% more than the country average. Ixtapaluca is ranked sixtyth in Mexico in terms of expendenture and cost of living.
The average cost of living in Cuernavaca is 51,000 MXN, which is 24% more than the country average. Cuernavaca is ranked sixty-onth in Mexico in terms of expendenture and cost of living.
The average cost of living in Tepic is 51,000 MXN, which is 24% more than the country average. Tepic is ranked sixty-twoth in Mexico in terms of expendenture and cost of living.
The average cost of living in Celaya is 52,000 MXN, which is 27% more than the country average. Celaya is ranked sixty-threth in Mexico in terms of expendenture and cost of living.
The average cost of living in Xico is 52,000 MXN, which is 27% more than the country average. Xico is ranked sixty-fourth in Mexico in terms of expendenture and cost of living.
The average cost of living in General Escobedo is 54,000 MXN, which is 32% more than the country average. General Escobedo is ranked sixty-fivth in Mexico in terms of expendenture and cost of living.
The average cost of living in Villahermosa is 54,000 MXN, which is 32% more than the country average. Villahermosa is ranked sixty-sixth in Mexico in terms of expendenture and cost of living.
The average cost of living in Nuevo Laredo is 55,000 MXN, which is 34% more than the country average. Nuevo Laredo is ranked sixty-seventh in Mexico in terms of expendenture and cost of living.
The average cost of living in Mazatlan is 55,000 MXN, which is 34% more than the country average. Mazatlan is ranked sixty-eightth in Mexico in terms of expendenture and cost of living.
The average cost of living in Irapuato is 57,000 MXN, which is 39% more than the country average. Irapuato is ranked sixty-ninth in Mexico in terms of expendenture and cost of living.
The average cost of living in Tonala is 57,000 MXN, which is 39% more than the country average. Tonala is ranked seventyth in Mexico in terms of expendenture and cost of living.
The average cost of living in Veracruz is 59,000 MXN, which is 44% more than the country average. Veracruz is ranked seventy-onth in Mexico in terms of expendenture and cost of living.
The average cost of living in Xalapa is 59,000 MXN, which is 44% more than the country average. Xalapa is ranked seventy-twoth in Mexico in terms of expendenture and cost of living.
The average cost of living in Matamoros is 60,000 MXN, which is 46% more than the country average. Matamoros is ranked seventy-threth in Mexico in terms of expendenture and cost of living.
The average cost of living in San Nicolas de los Garza is 60,000 MXN, which is 46% more than the country average. San Nicolas de los Garza is ranked seventy-fourth in Mexico in terms of expendenture and cost of living.
The average cost of living in Ciudad Apodaca is 62,000 MXN, which is 51% more than the country average. Ciudad Apodaca is ranked seventy-fivth in Mexico in terms of expendenture and cost of living.
The average cost of living in Toluca is 62,000 MXN, which is 51% more than the country average. Toluca is ranked seventy-sixth in Mexico in terms of expendenture and cost of living.
The average cost of living in Cuautitlan Izcalli is 64,000 MXN, which is 56% more than the country average. Cuautitlan Izcalli is ranked seventy-seventh in Mexico in terms of expendenture and cost of living.
The average cost of living in Ciudad Lopez Mateos is 64,000 MXN, which is 56% more than the country average. Ciudad Lopez Mateos is ranked seventy-eightth in Mexico in terms of expendenture and cost of living.
The average cost of living in Durango is 66,000 MXN, which is 61% more than the country average. Durango is ranked seventy-ninth in Mexico in terms of expendenture and cost of living.
The average cost of living in Tuxtla Gutierrez is 66,000 MXN, which is 61% more than the country average. Tuxtla Gutierrez is ranked eightyth in Mexico in terms of expendenture and cost of living.
The average cost of living in Reynosa is 67,000 MXN, which is 63% more than the country average. Reynosa is ranked eighty-onth in Mexico in terms of expendenture and cost of living.
The average cost of living in Tlaquepaque is 67,000 MXN, which is 63% more than the country average. Tlaquepaque is ranked eighty-twoth in Mexico in terms of expendenture and cost of living.
The average cost of living in Morelia is 69,000 MXN, which is 68% more than the country average. Morelia is ranked eighty-threth in Mexico in terms of expendenture and cost of living.
The average cost of living in Torreon is 69,000 MXN, which is 68% more than the country average. Torreon is ranked eighty-fourth in Mexico in terms of expendenture and cost of living.
The average cost of living in Queretaro is 71,000 MXN, which is 73% more than the country average. Queretaro is ranked eighty-fivth in Mexico in terms of expendenture and cost of living.
The average cost of living in Chimalhuacan is 71,000 MXN, which is 73% more than the country average. Chimalhuacan is ranked eighty-sixth in Mexico in terms of expendenture and cost of living.
The average cost of living in Tlalnepantla de Baz is 73,000 MXN, which is 78% more than the country average. Tlalnepantla de Baz is ranked eighty-seventh in Mexico in terms of expendenture and cost of living.
The average cost of living in Cancun is 73,000 MXN, which is 78% more than the country average. Cancun is ranked eighty-eightth in Mexico in terms of expendenture and cost of living.
The average cost of living in Guadalupe is 75,000 MXN, which is 83% more than the country average. Guadalupe is ranked eighty-ninth in Mexico in terms of expendenture and cost of living.
The average cost of living in Acapulco is 75,000 MXN, which is 83% more than the country average. Acapulco is ranked ninetyth in Mexico in terms of expendenture and cost of living.
The average cost of living in San Luis Potosi is 77,000 MXN, which is 88% more than the country average. San Luis Potosi is ranked ninety-onth in Mexico in terms of expendenture and cost of living.
The average cost of living in Mexicali is 77,000 MXN, which is 88% more than the country average. Mexicali is ranked ninety-twoth in Mexico in terms of expendenture and cost of living.
The average cost of living in Hermosillo is 79,000 MXN, which is 93% more than the country average. Hermosillo is ranked ninety-threth in Mexico in terms of expendenture and cost of living.
The average cost of living in Saltillo is 79,000 MXN, which is 93% more than the country average. Saltillo is ranked ninety-fourth in Mexico in terms of expendenture and cost of living.
The average cost of living in Aguascalientes is 81,000 MXN, which is 98% more than the country average. Aguascalientes is ranked ninety-fivth in Mexico in terms of expendenture and cost of living.
The average cost of living in Merida is 81,000 MXN, which is 98% more than the country average. Merida is ranked ninety-sixth in Mexico in terms of expendenture and cost of living.
The average cost of living in Culiacan is 83,000 MXN, which is 100% more than the country average. Culiacan is ranked ninety-seventh in Mexico in terms of expendenture and cost of living.
The average cost of living in Naucalpan is 83,000 MXN, which is 100% more than the country average. Naucalpan is ranked ninety-eightth in Mexico in terms of expendenture and cost of living.
The average cost of living in Chihuahua is 85,000 MXN, which is 110% more than the country average. Chihuahua is ranked ninety-ninth in Mexico in terms of expendenture and cost of living.
The average cost of living in Nezahualcoyotl is 85,000 MXN, which is 110% more than the country average. Nezahualcoyotl is ranked one hundredth in Mexico in terms of expendenture and cost of living.
The average cost of living in Zapopan is 88,000 MXN, which is 110% more than the country average. Zapopan is ranked one hundred onth in Mexico in terms of expendenture and cost of living.
The average cost of living in Monterrey is 88,000 MXN, which is 110% more than the country average. Monterrey is ranked one hundred twoth in Mexico in terms of expendenture and cost of living.
The average cost of living in Leon is 90,000 MXN, which is 120% more than the country average. Leon is ranked one hundred threth in Mexico in terms of expendenture and cost of living.
The average cost of living in Tijuana is 90,000 MXN, which is 120% more than the country average. Tijuana is ranked one hundred fourth in Mexico in terms of expendenture and cost of living.
The average cost of living in Guadalajara is 92,000 MXN, which is 120% more than the country average. Guadalajara is ranked one hundred fivth in Mexico in terms of expendenture and cost of living.
The average cost of living in Puebla is 92,000 MXN, which is 120% more than the country average. Puebla is ranked one hundred sixth in Mexico in terms of expendenture and cost of living.
The average cost of living in Ecatepec de Morelos is 94,000 MXN, which is 130% more than the country average. Ecatepec de Morelos is ranked one hundred seventh in Mexico in terms of expendenture and cost of living.
The average cost of living in Mexico City is 94,000 MXN, which is 130% more than the country average. Mexico City is ranked one hundred eightth in Mexico in terms of expendenture and cost of living.
Published: September 3, 2024 Last Update: April 19, 2025