Cost Of Living For a Single Person in Celaya 2024

Average monthly spending for a single person or individual in Celaya

How much money does an individual need in a month to survive in Celaya?

A single person in Celaya spends around 39,000 MXN per month on average. Depending on the lifestyle, a single individual can survive with a monthly budget as low as 5,600 MXN or as high as 260,000 MXN. Location and income are very important factors and have a huge influence on expenditure and budget.

Single person expenditure to income ratio in Celaya

Analysing the how affordable it is for an individual to live in Celaya

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. Individuals usually spend a larger chunk of their income than other population groups. A typical and healthy expenditure percentage for a single individual ranges between 70% to 80%.

Individuals in Celaya spend around 80% of their monthly income. Some individuals spend as low as 71% of their income while some as high as 88%.

How do individuals spend their money in Celaya?

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

Housing and accomodation expenditure for individuals

Individuals in Celaya typically spend from 19% to 43% of their total monthly expenditure on housing with 31% being the average. The average monthly spend on housing is 14,000 MXN with expenditure ranging from 2,000 MXN to 94,000 MXN. This cost mainly goes for rent but it also includes other accommodation-related expenses.

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

Utility expenditure like electricity, water, and gas in Celaya ranges from 4% to 13% of total expenses with 8% being the average for most individuals. The average monthly cost of utilities is 2,400 MXN with 330 MXN and 16,000 MXN being the upper and lower limits for a single person.

Transport, fuel, and commute expenditure for individuals

Fuel consumption and cost of transport depend heavily on whether a single person resides near school and work, but roughly speaking a single person would expect to spend from 440 MXN to 21,000 MXN in a month on commuting with 3,100 MXN being the norm for most individuals. This means that money spent on transport constitutes about 6% of total spending on average but can go as low as 4% or as high as 12%.

Food, groceries, and basic shopping expenditure for individuals

The average outlay on groceries and basic houshold items for a typical person in a month in Celaya is 6,300 MXN. The cost of groceries can range between 890 MXN to 42,000 MXN. Individuals spend on average about 18% on food and groceries with upper and lower bounds of 12% and 23% respectively.

Healthcare and medical services expenditure for individuals

Individuals in Celaya allocate 5% to 15% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending on medical services and clinic visits is around 11%. The range of medical expenses range from 500 MXN to 24,000 MXN with 3,500 MXN being the norm for most individuals.

Leisure and shopping expenditure for individuals

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 280 MXN to 13,000 MXN with 2,000 MXN being the average. Speaking of percentages, that equates to 3% to 6% of total expenses with an average of 3% for most individuals.

Education and schooling expenditure for individuals

Spending on education can vary drastically between different individuals. On average, education constitutes 2% of the monthly expenditure of individuals with 1% and 4% being the lower and upper bounds respectively. The average reported education cost is 790 MXN per month with 110 MXN being the minimum spent amount and 5,200 MXN being the maximum.

What percentage of individuals in Celaya are able to save money and how much can they save?

Percentage of individuals that reported their ability to save money

Almost 73% of surveyed individuals in Celaya said that they can save some money at the end of each month while 28% reported that they have to utilize their whole income to survive.

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

Saving to Income Ratio

Average Monthly Saved Amount

Savings to income distribution levels for individuals

Interpretation and Analysis

Individuals that are able to save money can put anywhere from 17% to 37% of their monthly income to their savings, with 28% being the average for most individuals. The average monthly amount of money that individuals can put aside is 15,000 MXN with 1,600 MXN and 98,000 MXN being the minimum and maximum respectively.

Saving Challenges in Celaya

Reasons that make it difficult for individuals to save money

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

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

Typical saving choices for individuals in Celaya

Where do people choose to put their savings?

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

Affordable living in Celaya

Income and cost of living compatibility

We asked individuals one simple question and recorded their answers.

Is it affordable or economical to live in Celaya?

Around 75% of surveyed individuals think that living in Celaya is affordable with proper budgeting while 25% reported that it is just too expensive and not affordable even with frugality and thriftness.

Low-cost alternatives in Celaya

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

Plenty of low-cost options64%

Few low-cost options36%

Based on the survey, 64% of the individuals living in Celaya have no problem finding low-cost alternatives to support a frugal lifestyle while 36% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds For Individuals

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 individuals of Celaya whether they have an emergency fund and the answers were as follows.

Yes74%

No27%

Based on the survey, 27% of the individuals living in Celaya said that they don't have an emergency fund while 74% 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 individuals in Celaya 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 single people of Mexico have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 28% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 72% said that they have everything under control.

Struggles with finance28%

Easily manages finances72%

Financial goals of individuals in Celaya

In an attempt to understand the economic situation in Celaya, 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.

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

Debt, loans, and mortgages in Celaya

Percentage of individuals who are in debt

According to the survey, 27% of the individuals in Celaya have some kind of debt, loan, mortgage, or credit card payments while 73% reported that they don't have financial obligations to banks.

Debt-to-income ratio in Celaya

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 30% of a single person's monthly income in Celaya goes to debt settlement.

Debt levels

Monthly debt settlement payment as percentage of monthly income

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

Distribution by type of debt in Celaya

11% of debtors in Celaya confirm that real estate mortgages constitutes the main part of their outstanding debt while 27% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 19% of people and personal loans rose at 40%. Lastly, student loans are the main source of debt for 3% of debtors in Celaya.

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 Celaya

Besides measuring the loan-to-income ratio, we asked individuals of Celaya 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.

Housing costs, accommodation, and housing affordability in Celaya

Rent Cost in Celaya

Monthly Rent Prices

Studio apartment monthly rent cost

5,000 MXN

7,500 MXN

20,000 MXN

MINIMUM

AVERAGE

MAXIMUM

$290

$440

$1,200

1-bedroom apartment monthly rent cost

7,500 MXN

12,000 MXN

30,000 MXN

MINIMUM

AVERAGE

MAXIMUM

$440

$710

$1,800

2-bedroom apartment monthly rent cost

10,000 MXN

15,000 MXN

40,000 MXN

MINIMUM

AVERAGE

MAXIMUM

$590

$880

$2,400

3-bedroom apartment monthly rent cost

12,000 MXN

20,000 MXN

54,000 MXN

MINIMUM

AVERAGE

MAXIMUM

$710

$1,200

$3,200

Furnished apartment monthly rent cost

24,000 MXN

60,000 MXN

120,000 MXN

MINIMUM

AVERAGE

MAXIMUM

$1,400

$3,500

$7,100

Townhouse monthly rent cost

20,000 MXN

30,000 MXN

86,000 MXN

MINIMUM

AVERAGE

MAXIMUM

$1,200

$1,800

$5,000

House monthly rent cost

24,000 MXN

60,000 MXN

120,000 MXN

MINIMUM

AVERAGE

MAXIMUM

$1,400

$3,500

$7,100

Villa monthly rent cost

30,000 MXN

75,000 MXN

120,000 MXN

MINIMUM

AVERAGE

MAXIMUM

$1,800

$4,400

$7,100

The monthly rental cost of a studio apartment in Celaya ranges between 5,000 MXN and 20,000 MXN, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 7,500 MXN to 30,000 MXN. Two-bedroom rentals rate ranges between 10,000 MXN and 40,000 MXN per month. The monthly rental for a three-bedroom apartment ranges from 12,000 MXN to 54,000 MXN. The average rent of a townhouse in Celaya is around 30,000 MXN while house rental costs can be as high as 60,000 MXN per month. Finally, if you want to rent a villa, expect to pay anywhere from 30,000 MXN to 120,000 MXN per month.

Apartment and house prices in Celaya

Cost of buying a property

Studio apartment price

1,000,000 MXN

1.5M MXN

3M MXN

MINIMUM

AVERAGE

MAXIMUM

$59,000

$88,000

$180,000

1-bedroom apartment price

1.2M MXN

2M MXN

7.5M MXN

MINIMUM

AVERAGE

MAXIMUM

$71,000

$120,000

$440,000

2-bedroom apartment price

2M MXN

6M MXN

12M MXN

MINIMUM

AVERAGE

MAXIMUM

$120,000

$350,000

$710,000

3-bedroom apartment price

6.7M MXN

10M MXN

30M MXN

MINIMUM

AVERAGE

MAXIMUM

$390,000

$590,000

$1.8M

Townhouse price

8.6M MXN

20M MXN

75M MXN

MINIMUM

AVERAGE

MAXIMUM

$500,000

$1.2M

$4.4M

House price

10M MXN

60M MXN

86M MXN

MINIMUM

AVERAGE

MAXIMUM

$590,000

$3.5M

$5M

Villa price

12M MXN

67M MXN

100M MXN

MINIMUM

AVERAGE

MAXIMUM

$710,000

$3.9M

$5.9M

The average price of a studio apartment in Celaya can range from 1,000,000 MXN to 3M MXN depending on location. One bedroom cost can be anywhere from 1.2M MXN to 7.5M MXN. A villa can cost you 67M MXN on average with prices ranging from 12M MXN to 100M MXN.

House / apartment prices to income ratio

Property prices in Celaya can be x134 to x230 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x134 multiples of the average monthly salary in Celaya.

Rent to income ratio

The average rent-to-income ratio in Celaya is around 35%. This means that people pay 35% of their income for rent. Those figures can range from 25% to 46% depending on the salary, location, and type of property.

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.

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.

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.

Urban vs. rural living costs

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

Monthly costs and expenses of energy and basic utilities in Celaya

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

Utility Bill Cost / Electricity + Water + Gas / A single person

330 MXN

2,400 MXN

16,000 MXN

MINIMUM

AVERAGE

MAXIMUM

$20

$140

$930

Internet and cable cost

280 MXN

550 MXN

740 MXN

MINIMUM

AVERAGE

MAXIMUM

$16

$33

$44

Mobile phone bill and charges

220 MXN

370 MXN

1,100 MXN

MINIMUM

AVERAGE

MAXIMUM

$13

$22

$65

The average monthly energy and water consumption of individuals is around 2,400 MXN. The cost of internet and WiFi ranges from 280 MXN to 740 MXN with 550 MXN being the average internet bill. Finally, the average monthly mobile charges is around 370 MXN but can range between 220 MXN and 1,100 MXN depending on consumption. Mobile charges include both calling minutes as well as data packages.

Energy / Utility expense to income ratio

The average utility-to-income ratio in Celaya is around 5.3%. This means that people pay 5.3% of their income for energy, water, internet, and mobile charges. Those figures can range from 2.1% to 9.6% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Celaya

Prices and cost of goods and services in Celaya

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

Fast food combo meal price

55 MXN

110 MXN

180 MXN

MINIMUM

AVERAGE

MAXIMUM

$3.3

$6.5

$11

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

Restaurant meal for one price

190 MXN

290 MXN

580 MXN

MINIMUM

AVERAGE

MAXIMUM

$11

$17

$34

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 190 MXN and 580 MXN with 290 MXN being the average price of a plate for one person at a regular restaurant in Celaya.

Fine dining meal for one price

380 MXN

580 MXN

2,300 MXN

MINIMUM

AVERAGE

MAXIMUM

$23

$34

$140

The price range of a meal at fine-dining restaurant is 380 MXN to 2,300 MXN with the average cost being 580 MXN for one person. This is what you would expect to pay a top-tier diner in Celaya.

Beverage prices, cappuccino, latte etc..

46 MXN

74 MXN

110 MXN

MINIMUM

AVERAGE

MAXIMUM

$2.7

$4.4

$6.5

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

Grocery and market costs

Large bottle of milk price

37 MXN

44 MXN

55 MXN

MINIMUM

AVERAGE

MAXIMUM

$2.2

$2.6

$3.3

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

12 eggs price

28 MXN

37 MXN

55 MXN

MINIMUM

AVERAGE

MAXIMUM

$1.6

$2.2

$3.3

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

Fresh whole chicken price

63 MXN

81 MXN

120 MXN

MINIMUM

AVERAGE

MAXIMUM

$3.7

$4.8

$6.8

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

Pack of beef price

74 MXN

110 MXN

220 MXN

MINIMUM

AVERAGE

MAXIMUM

$4.4

$6.5

$13

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

Medium bag of rice price

30 MXN

41 MXN

58 MXN

MINIMUM

AVERAGE

MAXIMUM

$1.8

$2.4

$3.4

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

Bag of tomatos price

11 MXN

15 MXN

28 MXN

MINIMUM

AVERAGE

MAXIMUM

$0.65

$0.87

$1.6

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

Bag of apples price

20 MXN

26 MXN

43 MXN

MINIMUM

AVERAGE

MAXIMUM

$1.2

$1.5

$2.5

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

Grocery and food expenditure to income ratio

The average grocery-to-income ratio in Celaya is around 27%. This means that individuals spend 27% of their income on grocery and basic household items. The expenditure can range from 18% to 33% depending on salary and location.

Expenditure on food and grocery for individuals