Cost Of Living For a Single Person in Cordoba 2024

Single person cost of living chart - individual average monthly expenditure in Cordoba

Average Monthly Expenditure

Currency: MXN
4,100 29,000 200,000
MINIMUM AVERAGE MAXIMUM
$240 $1,700 $12,000

Average monthly spending for a single person or individual in Cordoba

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

A single person in Cordoba spends around 29,000 MXN per month on average. Depending on the lifestyle, a single individual can survive with a monthly budget as low as 4,100 MXN or as high as 200,000 MXN. Location and income are very important factors and have a huge influence on expenditure and budget.


Prices and cost of goods and services in Cordoba


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

Dining, food, and beverages costs


Fast food combo meal

54 MXN 110 MXN 180 MXN
MINIMUM AVERAGE MAXIMUM
$3.2 $6.3 $11

Restaurant meal for one

160 MXN 250 MXN 490 MXN
MINIMUM AVERAGE MAXIMUM
$9.7 $15 $29

Fine dining meal for one

330 MXN 490 MXN 2,000 MXN
MINIMUM AVERAGE MAXIMUM
$19 $29 $120

Cappuccino or latte

45 MXN 72 MXN 110 MXN
MINIMUM AVERAGE MAXIMUM
$2.6 $4.2 $6.3

Grocery and market costs


Milk large bottle

36 MXN 43 MXN 54 MXN
MINIMUM AVERAGE MAXIMUM
$2.1 $2.5 $3.2

12 eggs

27 MXN 36 MXN 54 MXN
MINIMUM AVERAGE MAXIMUM
$1.6 $2.1 $3.2

Fresh whole chicken

61 MXN 79 MXN 110 MXN
MINIMUM AVERAGE MAXIMUM
$3.6 $4.7 $6.6

Pack of beef

72 MXN 110 MXN 210 MXN
MINIMUM AVERAGE MAXIMUM
$4.2 $6.3 $13

Medium bag of rice

29 MXN 39 MXN 56 MXN
MINIMUM AVERAGE MAXIMUM
$1.7 $2.3 $3.3

Bag of tomatos

11 MXN 14 MXN 27 MXN
MINIMUM AVERAGE MAXIMUM
$0.63 $0.84 $1.6

Bag of apples

19 MXN 25 MXN 41 MXN
MINIMUM AVERAGE MAXIMUM
$1.1 $1.5 $2.4
Chart showing the prices and cost of commute, travel, and transportation in Cordoba


Commute, travel, and transportation costs


20 minutes taxi ride

41 MXN 49 MXN 98 MXN
MINIMUM AVERAGE MAXIMUM
$2.4 $2.9 $5.8

Average car full tank

270 MXN 360 MXN 720 MXN
MINIMUM AVERAGE MAXIMUM
$16 $21 $42

Average car 1-day rental

220 MXN 300 MXN 450 MXN
MINIMUM AVERAGE MAXIMUM
$13 $18 $26

Average car price

130,000 MXN 270,000 MXN 360,000 MXN
MINIMUM AVERAGE MAXIMUM
$7,900 $16,000 $21,000

Bus ticket one way

7.5 MXN 11 MXN 22 MXN
MINIMUM AVERAGE MAXIMUM
$0.44 $0.66 $1.3

Car Service

300 MXN 450 MXN 890 MXN
MINIMUM AVERAGE MAXIMUM
$18 $26 $53
Chart showing the prices and cost of utility, energy, water, and gas in Cordoba


Utility cost (monthly)


Utility Bill - Individual

250 MXN 1,800 MXN 12,000 MXN
MINIMUM AVERAGE MAXIMUM
$15 $100 $690

Internet and cable

270 MXN 540 MXN 720 MXN
MINIMUM AVERAGE MAXIMUM
$16 $32 $42

Mobile phone charges

210 MXN 360 MXN 1,100 MXN
MINIMUM AVERAGE MAXIMUM
$13 $21 $63

Leisure and activities costs


Movie ticket

130 MXN 180 MXN 270 MXN
MINIMUM AVERAGE MAXIMUM
$7.9 $11 $16

One month gym membership

360 MXN 450 MXN 890 MXN
MINIMUM AVERAGE MAXIMUM
$21 $26 $53
Chart showing the prices and cost of clothing and accessories in Cordoba


Cloths and accessories costs


Pair of jeans or pants

260 MXN 370 MXN 560 MXN
MINIMUM AVERAGE MAXIMUM
$16 $22 $33

Woman dress

250 MXN 340 MXN 1,100 MXN
MINIMUM AVERAGE MAXIMUM
$15 $20 $66

Woman shoes

240 MXN 320 MXN 750 MXN
MINIMUM AVERAGE MAXIMUM
$14 $19 $44

Men's shoes

200 MXN 250 MXN 500 MXN
MINIMUM AVERAGE MAXIMUM
$12 $15 $29

Men suit

220 MXN 280 MXN 1,500 MXN
MINIMUM AVERAGE MAXIMUM
$13 $16 $88

Regular t-shirt

110 MXN 150 MXN 450 MXN
MINIMUM AVERAGE MAXIMUM
$6.6 $8.8 $26
Chart showing the prices and cost of housing, accommodation, and rent in Cordoba


Housing costs / monthly rent


Studio apartment

3,700 MXN 5,600 MXN 15,000 MXN
MINIMUM AVERAGE MAXIMUM
$220 $330 $880

1-bedroom apartment

5,600 MXN 8,900 MXN 22,000 MXN
MINIMUM AVERAGE MAXIMUM
$330 $530 $1,300

2-bedroom apartment

7,500 MXN 11,000 MXN 30,000 MXN
MINIMUM AVERAGE MAXIMUM
$440 $660 $1,800

Housing costs / Buying


Studio apartment

750,000 MXN 1.1M MXN 2.2M MXN
MINIMUM AVERAGE MAXIMUM
$44,000 $66,000 $130,000

1-bedroom apartment

890,000 MXN 1.5M MXN 5.6M MXN
MINIMUM AVERAGE MAXIMUM
$53,000 $88,000 $330,000

2-bedroom apartment

1.5M MXN 4.5M MXN 8.9M MXN
MINIMUM AVERAGE MAXIMUM
$88,000 $260,000 $530,000
Chart showing the prices and cost of furniture in Cordoba


Furniture Costs


King Size Bed

5,400 MXN 6,700 MXN 9,000 MXN
MINIMUM AVERAGE MAXIMUM
$320 $400 $530

Double Bed

3,600 MXN 5,400 MXN 6,700 MXN
MINIMUM AVERAGE MAXIMUM
$210 $320 $400

Single Bed

3,200 MXN 4,100 MXN 5,400 MXN
MINIMUM AVERAGE MAXIMUM
$190 $240 $320

Living Room

6,000 MXN 7,700 MXN 27,000 MXN
MINIMUM AVERAGE MAXIMUM
$350 $450 $1,600

Dining Table

2,700 MXN 3,600 MXN 6,700 MXN
MINIMUM AVERAGE MAXIMUM
$160 $210 $400

Sofa or Couch

3,600 MXN 4,900 MXN 11,000 MXN
MINIMUM AVERAGE MAXIMUM
$210 $290 $630
Chart showing the prices and cost of electronic devices and appliances in Cordoba


Electronics and House Appliance Costs


TV Set

3,600 MXN 5,400 MXN 11,000 MXN
MINIMUM AVERAGE MAXIMUM
$210 $320 $630

Fridge or Freezer

3,200 MXN 4,900 MXN 6,700 MXN
MINIMUM AVERAGE MAXIMUM
$190 $290 $400

Washing Machine

4,100 MXN 6,000 MXN 11,000 MXN
MINIMUM AVERAGE MAXIMUM
$240 $350 $630

Stove or Cooker

3,800 MXN 4,900 MXN 6,700 MXN
MINIMUM AVERAGE MAXIMUM
$230 $290 $400

Mobile Phone

4,500 MXN 5,400 MXN 7,700 MXN
MINIMUM AVERAGE MAXIMUM
$260 $320 $450

Laptop or Computer

4,900 MXN 6,000 MXN 11,000 MXN
MINIMUM AVERAGE MAXIMUM
$290 $350 $630
Single person or Individual cost of living and expenditure to income ratio in Cordoba

Single person expenditure to income ratio in Cordoba

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

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%.


Spending to Income Ratio

59%

53% to 66%

( expenditure / income ) x 100


Individuals in Cordoba spend around 59% of their monthly income. Some individuals spend as low as 53% of their income while some as high as 66%.

Distribution of monthly cost of living expenses of a single person in Cordoba

How do individuals spend their money in Cordoba?

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


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

Housing and accomodation expenditure for individuals

Accomodation Cost30%

30% of total expenses on average (18% to 42%)

LOW$88   1,500 MXN
AVERAGE$620   11,000 MXN
HIGH$4,100   70,000 MXN
Per Month

Individuals in Cordoba typically spend from 18% to 42% of their total monthly expenditure on housing with 30% being the average. The average monthly spend on housing is 11,000 MXN with expenditure ranging from 1,500 MXN to 70,000 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

Cost of utilities8%

8% of total expenses on average (4% to 13%)

LOW$15   250 MXN
AVERAGE$100   1,800 MXN
HIGH$690   12,000 MXN
Per Month

Utility expenditure like electricity, water, and gas in Cordoba ranges from 4% to 13% of total expenses with 8% being the average for most individuals. The average monthly cost of utilities is 1,800 MXN with 250 MXN and 12,000 MXN being the upper and lower limits for a single person.

Transport, fuel, and commute expenditure for individuals

Cost of transport and fuel5%

5% of total expenses on average (3% to 11%)

LOW$20   330 MXN
AVERAGE$140   2,300 MXN
HIGH$920   16,000 MXN
Per Month

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 330 MXN to 16,000 MXN in a month on commuting with 2,300 MXN being the norm for most individuals. This means that money spent on transport constitutes about 5% of total spending on average but can go as low as 3% or as high as 11%.

Food, groceries, and basic shopping expenditure for individuals

Food and Groceries Cost19%

19% of total expenses on average (13% to 24%)

LOW$39   660 MXN
AVERAGE$280   4,700 MXN
HIGH$1,800   31,000 MXN
Per Month

The average outlay on groceries and basic houshold items for a typical person in a month in Cordoba is 4,700 MXN. The cost of groceries can range between 660 MXN to 31,000 MXN. Individuals spend on average about 19% on food and groceries with upper and lower bounds of 13% and 24% respectively.

Healthcare and medical services expenditure for individuals

Cost of healthcare12%

12% of total expenses on average (6% to 16%)

LOW$22   370 MXN
AVERAGE$160   2,600 MXN
HIGH$1,000   18,000 MXN
Per Month

Individuals in Cordoba allocate 6% to 16% 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 12%. The range of medical expenses range from 370 MXN to 18,000 MXN with 2,600 MXN being the norm for most individuals.

Leisure and shopping expenditure for individuals

Cost of leisure and shopping3%

3% of total expenses on average (2% to 6%)

LOW$12   210 MXN
AVERAGE$86   1,500 MXN
HIGH$580   9,800 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 210 MXN to 9,800 MXN with 1,500 MXN being the average. Speaking of percentages, that equates to 2% to 6% of total expenses with an average of 3% for most individuals.

Education and schooling expenditure for individuals

Cost of education and schooling1%

1% of total expenses on average (0.00% to 3%)

LOW$4.9   83 MXN
AVERAGE$35   590 MXN
HIGH$230   3,900 MXN
Per Month

Spending on education can vary drastically between different individuals. On average, education constitutes 1% of the monthly expenditure of individuals with 0.00% and 3% being the lower and upper bounds respectively. The average reported education cost is 590 MXN per month with 83 MXN being the minimum spent amount and 3,900 MXN being the maximum.

Other Expenses22%

22% of total expenses on average (14% to 26%)

LOW$44   750 MXN
AVERAGE$310   5,300 MXN
HIGH$2,100   35,000 MXN
Per Month
Percentage of individuals who manage to save money from their income every month in Cordoba

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


Percentage of individuals that reported their ability to save money


Saving Money
54%
Not Saving
46%

Almost 54% of surveyed individuals in Cordoba said that they can save some money at the end of each month while 46% reported that they have to utilize their whole income to survive.


A single person savings to income ratio in Cordoba

Savings-to-Income Ratio

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


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

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

Saving to Income Ratio

13% 21% of income 28%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

1,200 MXN
$72
11,000 MXN
$650
73,000 MXN
$4,300
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for individuals

Saving To Income Ratio% Individuals
0% - 10%32%
10% - 20%25%
20% - 30%16%
30% - 40%13%
40% - 50%10%
> 50%4%

Interpretation and Analysis

Individuals that are able to save money can put anywhere from 13% to 28% of their monthly income to their savings, with 21% being the average for most individuals. The average monthly amount of money that individuals can put aside is 11,000 MXN with 1,200 MXN and 73,000 MXN being the minimum and maximum respectively.

Reasons that make it difficult for individuals to save money in Cordoba

Saving Challenges in Cordoba

Reasons that make it difficult for individuals to save money

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


Reason% People
Low Income5%
High Expenses8%
Debt and Loans14%
Lack of Budgeting Skills11%
Impulsive Spending11%
Financial Emergencies7%
Living the moment6%
Will do it later20%
Inflation13%
Social Pressure3%
Market Instability2%

Around 5% of the individuals said that their salary is too low to accommodate a portion for savings while 8% said that the high cost of living leaves little room for savings. 14% 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. 11% of individuals blamed impulsive spending as the reason for saving inability. Around 7% 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. 20% 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. 13% 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, 2% blamed market instability and price fluctuations.

Where do individuals choose to put their savings in Cordoba

Typical saving choices for individuals in Cordoba

Where do people choose to put their savings?


Saving Type% People
Emergency Funds12%
Gold12%
Savings Accounts17%
Retirement Accounts10%
Cash Savings20%
Real Estate9%
Investment5%
Stocks4%
Bonds5%
Mutual Funds2%
Certificates of Deposit3%
A typical and healthy budgeting structure. The 50-30-20 rule

A typical and healthy budgeting structure

The 50/30/20 rule

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

  • 50% for needs and financial obligations

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

  • 30% for wants and discretionary spending

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

  • 20% for savings and emergency fund

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

About financial planning, money management, and household budgeting

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

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

Affordable living in Cordoba

Income and cost of living compatibility

We asked individuals one simple question and recorded their answers.

Is it affordable or economical to live in Cordoba?


Yes
56%
No
44%

Around 56% of surveyed individuals think that living in Cordoba is affordable with proper budgeting while 44% reported that it is just too expensive and not affordable even with frugality and thriftness.

How easily is cost-cutting for individuals. Are there plenty of low-cost options in Cordoba

Low-cost alternatives in Cordoba

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 options48%

Few low-cost options52%


Based on the survey, 48% of the individuals living in Cordoba have no problem finding low-cost alternatives to support a frugal lifestyle while 52% 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 Cordoba whether they have an emergency fund and the answers were as follows.

Yes55%

No45%


Based on the survey, 45% of the individuals living in Cordoba said that they don't have an emergency fund while 55% said that they do.

Financial literacy and difficulty in budgeting and financial planning for individuals in Cordoba

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 Cordoba 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 and targets of single people living in Cordoba

Financial goals of individuals in Cordoba

In an attempt to understand the economic situation in Cordoba, 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 Fund8%
Debt Reduction41%
Retirement Savings10%
Education Funding7%
Homeownership18%
Investing7%
Travel or Lifestyle7%
Healthcare Expenses13%
Financial Independence5%

Around 8% of individuals said that their main goal is to establish an emergency fund to cover unexpected expenses while 41% said their number one priority is to pay off high-interest debt or loans and improve credit. 10% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 7% reported that their priority is saving for the tuition fees and education costs of their children while 18% choose to buy a home or pay off existing mortgage before other things. 7% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 7% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 13% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Chart showing the percentage of individuals who are in debt in Cordoba

Debt, loans, and mortgages in Cordoba


Percentage of individuals who are in debt


In Debt
20%
Debt Free
80%

According to the survey, 20% of the individuals in Cordoba have some kind of debt, loan, mortgage, or credit card payments while 80% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Cordoba

Debt-to-income ratio in Cordoba

Debt to income ratio

22%

14% to 29%

( 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 22% of a single person's monthly income in Cordoba goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%17%
40% - 50%14%
30% - 40%16%
20% - 30%11%
10% - 20%13%
0% - 10%26%

According to our data, 3% of the debtors in Cordoba pay 60%+ of their income as debt settlement while 17% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 14% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 16% dedicated 30% to 40% of income for same. Things are looking brighter for 11% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Cordoba

Debt% People
Real Estate Mortgage9%
Auto Loan16%
Student Loan4%
Credit Card29%
Personal Loan42%

9% of debtors in Cordoba confirm that real estate mortgages constitutes the main part of their outstanding debt while 29% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 16% of people and personal loans rose at 42%. Lastly, student loans are the main source of debt for 4% of debtors in Cordoba.


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 Cordoba

Besides measuring the loan-to-income ratio, we asked individuals of Cordoba 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
Never51%
Once a year24%
Twice a year12%
Three times a year9%
Four times a year4%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Cordoba

Housing costs, accommodation, and housing affordability in Cordoba

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


Rent Cost in Cordoba

Monthly Rent Prices

Studio apartment monthly rent cost

3,700 MXN 5,600 MXN 15,000 MXN
MINIMUM AVERAGE MAXIMUM
$220 $330 $880

1-bedroom apartment monthly rent cost

5,600 MXN 8,900 MXN 22,000 MXN
MINIMUM AVERAGE MAXIMUM
$330 $530 $1,300

2-bedroom apartment monthly rent cost

7,500 MXN 11,000 MXN 30,000 MXN
MINIMUM AVERAGE MAXIMUM
$440 $660 $1,800

3-bedroom apartment monthly rent cost

8,900 MXN 15,000 MXN 41,000 MXN
MINIMUM AVERAGE MAXIMUM
$530 $880 $2,400

Furnished apartment monthly rent cost

18,000 MXN 45,000 MXN 89,000 MXN
MINIMUM AVERAGE MAXIMUM
$1,100 $2,600 $5,300

Townhouse monthly rent cost

15,000 MXN 22,000 MXN 64,000 MXN
MINIMUM AVERAGE MAXIMUM
$880 $1,300 $3,800

House monthly rent cost

18,000 MXN 45,000 MXN 89,000 MXN
MINIMUM AVERAGE MAXIMUM
$1,100 $2,600 $5,300

Villa monthly rent cost

22,000 MXN 56,000 MXN 89,000 MXN
MINIMUM AVERAGE MAXIMUM
$1,300 $3,300 $5,300

The monthly rental cost of a studio apartment in Cordoba ranges between 3,700 MXN and 15,000 MXN, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 5,600 MXN to 22,000 MXN. Two-bedroom rentals rate ranges between 7,500 MXN and 30,000 MXN per month. The monthly rental for a three-bedroom apartment ranges from 8,900 MXN to 41,000 MXN. The average rent of a townhouse in Cordoba is around 22,000 MXN while house rental costs can be as high as 45,000 MXN per month. Finally, if you want to rent a villa, expect to pay anywhere from 22,000 MXN to 89,000 MXN per month.



Apartment and house prices in Cordoba

Cost of buying a property

Studio apartment price

750,000 MXN 1.1M MXN 2.2M MXN
MINIMUM AVERAGE MAXIMUM
$44,000 $66,000 $130,000

1-bedroom apartment price

890,000 MXN 1.5M MXN 5.6M MXN
MINIMUM AVERAGE MAXIMUM
$53,000 $88,000 $330,000

2-bedroom apartment price

1.5M MXN 4.5M MXN 8.9M MXN
MINIMUM AVERAGE MAXIMUM
$88,000 $260,000 $530,000

3-bedroom apartment price

5M MXN 7.5M MXN 22M MXN
MINIMUM AVERAGE MAXIMUM
$290,000 $440,000 $1.3M

Townhouse price

6.4M MXN 15M MXN 56M MXN
MINIMUM AVERAGE MAXIMUM
$380,000 $880,000 $3.3M

House price

7.5M MXN 45M MXN 64M MXN
MINIMUM AVERAGE MAXIMUM
$440,000 $2.6M $3.8M

Villa price

8.9M MXN 50M MXN 75M MXN
MINIMUM AVERAGE MAXIMUM
$530,000 $2.9M $4.4M

The average price of a studio apartment in Cordoba can range from 750,000 MXN to 2.2M MXN depending on location. One bedroom cost can be anywhere from 890,000 MXN to 5.6M MXN. A villa can cost you 50M MXN on average with prices ranging from 8.9M MXN to 75M MXN.


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


34 x100 monthly income 172
MINIMUM AVERAGE MAXIMUM

Property prices in Cordoba can be x100 to x172 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x100 multiples of the average monthly salary in Cordoba.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


18% 26% of income 34%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Cordoba is around 26%. This means that people pay 26% of their income for rent. Those figures can range from 18% to 34% 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
24%

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
2.2%
AVERAGE
3.2%
TO
4.1%

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.


65 MXN 850 MXN 8,500 MXN
MINIMUM AVERAGE MAXIMUM

Urban vs. rural living costs

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

Monthly costs and expenses of energy and basic utilities in Cordoba

Utilities expenditure can vary slightly between different areas and locations.


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

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

250 MXN 1,800 MXN 12,000 MXN
MINIMUM AVERAGE MAXIMUM
$15 $100 $690

Internet and cable cost

270 MXN 540 MXN 720 MXN
MINIMUM AVERAGE MAXIMUM
$16 $32 $42

Mobile phone bill and charges

210 MXN 360 MXN 1,100 MXN
MINIMUM AVERAGE MAXIMUM
$13 $21 $63

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


The average monthly energy and water consumption of individuals is around 1,800 MXN. The cost of internet and WiFi ranges from 270 MXN to 720 MXN with 540 MXN being the average internet bill. Finally, the average monthly mobile charges is around 360 MXN but can range between 210 MXN and 1,100 MXN depending on consumption. Mobile charges include both calling minutes as well as data packages.


Energy / Utility expense to income ratio


( monthly utility expenses / monthly income ) x 100


1.6% 4% of income 7.2%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Cordoba is around 4%. This means that people pay 4% of their income for energy, water, internet, and mobile charges. Those figures can range from 1.6% to 7.2% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Cordoba

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


Prices and cost of goods and services in Cordoba

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

Fast food combo meal price

54 MXN 110 MXN 180 MXN
MINIMUM AVERAGE MAXIMUM
$3.2 $6.3 $11

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Cordoba is approximatly 110 MXN with meal cost ranging from 54 MXN to 180 MXN. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

160 MXN 250 MXN 490 MXN
MINIMUM AVERAGE MAXIMUM
$9.7 $15 $29

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 160 MXN and 490 MXN with 250 MXN being the average price of a plate for one person at a regular restaurant in Cordoba.

Fine dining meal for one price

330 MXN 490 MXN 2,000 MXN
MINIMUM AVERAGE MAXIMUM
$19 $29 $120

The price range of a meal at fine-dining restaurant is 330 MXN to 2,000 MXN with the average cost being 490 MXN for one person. This is what you would expect to pay a top-tier diner in Cordoba.

Beverage prices, cappuccino, latte etc..

45 MXN 72 MXN 110 MXN
MINIMUM AVERAGE MAXIMUM
$2.6 $4.2 $6.3

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Cordoba is around 72 MXN. Price ranges between 45 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

36 MXN 43 MXN 54 MXN
MINIMUM AVERAGE MAXIMUM
$2.1 $2.5 $3.2

The average price of a large bottle of milk in Cordoba is 43 MXN. The maximum what you would pay for milk is 54 MXN and the minimum being 36 MXN depending on the brand of milk and other properties.

12 eggs price

27 MXN 36 MXN 54 MXN
MINIMUM AVERAGE MAXIMUM
$1.6 $2.1 $3.2

A dozen eggs costs around 36 MXN on average with 27 MXN and 54 MXN being the lower and upper limits respectively.

Fresh whole chicken price

61 MXN 79 MXN 110 MXN
MINIMUM AVERAGE MAXIMUM
$3.6 $4.7 $6.6

The price range of a fresh whole chicken in Cordoba is between 61 MXN and 110 MXN depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 79 MXN.

Pack of beef price

72 MXN 110 MXN 210 MXN
MINIMUM AVERAGE MAXIMUM
$4.2 $6.3 $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

29 MXN 39 MXN 56 MXN
MINIMUM AVERAGE MAXIMUM
$1.7 $2.3 $3.3

A bag of rice in Cordoba costs around 39 MXN on average with prices rangeing between 29 MXN and 56 MXN depending on the brand and quality.

Bag of tomatos price

11 MXN 14 MXN 27 MXN
MINIMUM AVERAGE MAXIMUM
$0.63 $0.84 $1.6

A bag of tomatoes costs anywhere from 11 MXN to 27 MXN. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

19 MXN 25 MXN 41 MXN
MINIMUM AVERAGE MAXIMUM
$1.1 $1.5 $2.4

A bag of apples costs 25 MXN on average. A bag of apples denotes 1Kg or 1lb depending on location.


Grocery and food expenditure to income ratio


( monthly grocery expenses / monthly income ) x 100


14% 20% of income 25%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Cordoba is around 20%. This means that individuals spend 20% of their income on grocery and basic household items. The expenditure can range from 14% to 25% depending on salary and location.


Expenditure on food and grocery for individuals

Individuals' spending on grocery ranges from 660 MXN to 31,000 MXN with the location, income being the most determinite factors.

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