Cost Of Living For a Single Person in General Escobedo 2024

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

Average Monthly Expenditure

Currency: MXN
5,500 39,000 260,000
MINIMUM AVERAGE MAXIMUM
$320 $2,300 $15,000

Average monthly spending for a single person or individual in General Escobedo

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

A single person in General Escobedo 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 5,500 MXN or as high as 260,000 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 General Escobedo


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

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

190 MXN 280 MXN 560 MXN
MINIMUM AVERAGE MAXIMUM
$11 $17 $33

Fine dining meal for one

380 MXN 560 MXN 2,300 MXN
MINIMUM AVERAGE MAXIMUM
$22 $33 $130

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 General Escobedo


Commute, travel, and transportation costs


20 minutes taxi ride

47 MXN 56 MXN 110 MXN
MINIMUM AVERAGE MAXIMUM
$2.8 $3.3 $6.6

Average car full tank

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

Average car 1-day rental

290 MXN 390 MXN 590 MXN
MINIMUM AVERAGE MAXIMUM
$17 $23 $35

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

9.8 MXN 15 MXN 29 MXN
MINIMUM AVERAGE MAXIMUM
$0.58 $0.87 $1.7

Car Service

390 MXN 590 MXN 1,200 MXN
MINIMUM AVERAGE MAXIMUM
$23 $35 $69
Chart showing the prices and cost of utility, energy, water, and gas in General Escobedo


Utility cost (monthly)


Utility Bill - Individual

330 MXN 2,300 MXN 15,000 MXN
MINIMUM AVERAGE MAXIMUM
$19 $140 $910

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

470 MXN 590 MXN 1,200 MXN
MINIMUM AVERAGE MAXIMUM
$28 $35 $69
Chart showing the prices and cost of clothing and accessories in General Escobedo


Cloths and accessories costs


Pair of jeans or pants

350 MXN 490 MXN 730 MXN
MINIMUM AVERAGE MAXIMUM
$20 $29 $43

Woman dress

330 MXN 450 MXN 1,500 MXN
MINIMUM AVERAGE MAXIMUM
$19 $27 $87

Woman shoes

310 MXN 420 MXN 980 MXN
MINIMUM AVERAGE MAXIMUM
$18 $25 $58

Men's shoes

270 MXN 330 MXN 650 MXN
MINIMUM AVERAGE MAXIMUM
$16 $19 $39

Men suit

290 MXN 370 MXN 2,000 MXN
MINIMUM AVERAGE MAXIMUM
$17 $22 $120

Regular t-shirt

150 MXN 200 MXN 590 MXN
MINIMUM AVERAGE MAXIMUM
$8.7 $12 $35
Chart showing the prices and cost of housing, accommodation, and rent in General Escobedo


Housing costs / monthly rent


Studio apartment

4,900 MXN 7,300 MXN 20,000 MXN
MINIMUM AVERAGE MAXIMUM
$290 $430 $1,200

1-bedroom apartment

7,300 MXN 12,000 MXN 29,000 MXN
MINIMUM AVERAGE MAXIMUM
$430 $690 $1,700

2-bedroom apartment

9,800 MXN 15,000 MXN 39,000 MXN
MINIMUM AVERAGE MAXIMUM
$580 $870 $2,300

Housing costs / Buying


Studio apartment

980,000 MXN 1.5M MXN 2.9M MXN
MINIMUM AVERAGE MAXIMUM
$58,000 $87,000 $170,000

1-bedroom apartment

1.2M MXN 2M MXN 7.3M MXN
MINIMUM AVERAGE MAXIMUM
$69,000 $120,000 $430,000

2-bedroom apartment

2M MXN 5.9M MXN 12M MXN
MINIMUM AVERAGE MAXIMUM
$120,000 $350,000 $690,000
Chart showing the prices and cost of furniture in General Escobedo


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 General Escobedo


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 General Escobedo

Single person expenditure to income ratio in General Escobedo

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

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

78%

70% to 87%

( expenditure / income ) x 100


Individuals in General Escobedo spend around 78% of their monthly income. Some individuals spend as low as 70% of their income while some as high as 87%.

Distribution of monthly cost of living expenses of a single person in General Escobedo

How do individuals spend their money in General Escobedo?

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 Cost31%

31% of total expenses on average (19% to 43%)

LOW$120   2,000 MXN
AVERAGE$820   14,000 MXN
HIGH$5,500   92,000 MXN
Per Month

Individuals in General Escobedo 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 92,000 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$19   330 MXN
AVERAGE$140   2,300 MXN
HIGH$910   15,000 MXN
Per Month

Utility expenditure like electricity, water, and gas in General Escobedo ranges from 4% to 13% of total expenses with 8% being the average for most individuals. The average monthly cost of utilities is 2,300 MXN with 330 MXN and 15,000 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$26   440 MXN
AVERAGE$180   3,100 MXN
HIGH$1,200   21,000 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 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 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$51   870 MXN
AVERAGE$360   6,200 MXN
HIGH$2,400   41,000 MXN
Per Month

The average outlay on groceries and basic houshold items for a typical person in a month in General Escobedo is 6,200 MXN. The cost of groceries can range between 870 MXN to 41,000 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$29   490 MXN
AVERAGE$200   3,500 MXN
HIGH$1,400   23,000 MXN
Per Month

Individuals in General Escobedo 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 490 MXN to 23,000 MXN with 3,500 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$16   270 MXN
AVERAGE$110   1,900 MXN
HIGH$760   13,000 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 270 MXN to 13,000 MXN with 1,900 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$6.4   110 MXN
AVERAGE$45   770 MXN
HIGH$300   5,100 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 770 MXN per month with 110 MXN being the minimum spent amount and 5,100 MXN being the maximum.

Other Expenses21%

21% of total expenses on average (13% to 25%)

LOW$58   980 MXN
AVERAGE$410   6,900 MXN
HIGH$2,700   46,000 MXN
Per Month
Percentage of individuals who manage to save money from their income every month in General Escobedo

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


Percentage of individuals that reported their ability to save money


Saving Money
71%
Not Saving
29%

Almost 71% of surveyed individuals in General Escobedo said that they can save some money at the end of each month while 29% reported that they have to utilize their whole income to survive.


A single person savings to income ratio in General Escobedo

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

17% 27% of income 37%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

1,600 MXN
$94
14,000 MXN
$850
96,000 MXN
$5,700
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for individuals

Saving To Income Ratio% Individuals
0% - 10%31%
10% - 20%24%
20% - 30%16%
30% - 40%14%
40% - 50%11%
> 50%4%

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 27% being the average for most individuals. The average monthly amount of money that individuals can put aside is 14,000 MXN with 1,600 MXN and 96,000 MXN being the minimum and maximum respectively.

Reasons that make it difficult for individuals to save money in General Escobedo

Saving Challenges in General Escobedo

Reasons that make it difficult for individuals to save money

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


Reason% People
Low Income5%
High Expenses8%
Debt and Loans15%
Lack of Budgeting Skills11%
Impulsive Spending11%
Financial Emergencies7%
Living the moment6%
Will do it later19%
Inflation12%
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. 15% 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. 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, 2% blamed market instability and price fluctuations.

Where do individuals choose to put their savings in General Escobedo

Typical saving choices for individuals in General Escobedo

Where do people choose to put their savings?


Saving Type% People
Emergency Funds12%
Gold12%
Savings Accounts17%
Retirement Accounts10%
Cash Savings19%
Real Estate9%
Investment5%
Stocks5%
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 General Escobedo

Affordable living in General Escobedo

Income and cost of living compatibility

We asked individuals one simple question and recorded their answers.

Is it affordable or economical to live in General Escobedo?


Yes
73%
No
27%

Around 73% of surveyed individuals think that living in General Escobedo is affordable with proper budgeting while 27% 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 General Escobedo

Low-cost alternatives in General Escobedo

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 options63%

Few low-cost options37%


Based on the survey, 63% of the individuals living in General Escobedo have no problem finding low-cost alternatives to support a frugal lifestyle while 37% 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 General Escobedo whether they have an emergency fund and the answers were as follows.

Yes72%

No28%


Based on the survey, 28% of the individuals living in General Escobedo said that they don't have an emergency fund while 72% said that they do.

Financial literacy and difficulty in budgeting and financial planning for individuals in General Escobedo

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 General Escobedo 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 General Escobedo

Financial goals of individuals in General Escobedo

In an attempt to understand the economic situation in General Escobedo, 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 Reduction39%
Retirement Savings9%
Education Funding7%
Homeownership18%
Investing7%
Travel or Lifestyle8%
Healthcare Expenses12%
Financial Independence6%

Around 8% of individuals said that their main goal is to establish an emergency fund to cover unexpected expenses while 39% 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 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 8% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 12% 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 General Escobedo

Debt, loans, and mortgages in General Escobedo


Percentage of individuals who are in debt


In Debt
26%
Debt Free
74%

According to the survey, 26% of the individuals in General Escobedo have some kind of debt, loan, mortgage, or credit card payments while 74% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in General Escobedo

Debt-to-income ratio in General Escobedo

Debt to income ratio

29%

19% to 39%

( 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 29% of a single person's monthly income in General Escobedo goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%16%
40% - 50%13%
30% - 40%15%
20% - 30%12%
10% - 20%14%
0% - 10%26%

According to our data, 3% of the debtors in General Escobedo pay 60%+ of their income as debt settlement while 16% 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 12% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in General Escobedo

Debt% People
Real Estate Mortgage10%
Auto Loan18%
Student Loan4%
Credit Card28%
Personal Loan41%

10% of debtors in General Escobedo confirm that real estate mortgages constitutes the main part of their outstanding debt while 28% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 18% of people and personal loans rose at 41%. Lastly, student loans are the main source of debt for 4% of debtors in General Escobedo.


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 General Escobedo

Besides measuring the loan-to-income ratio, we asked individuals of General Escobedo 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
Never52%
Once a year23%
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 General Escobedo

Housing costs, accommodation, and housing affordability in General Escobedo

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


Rent Cost in General Escobedo

Monthly Rent Prices

Studio apartment monthly rent cost

4,900 MXN 7,300 MXN 20,000 MXN
MINIMUM AVERAGE MAXIMUM
$290 $430 $1,200

1-bedroom apartment monthly rent cost

7,300 MXN 12,000 MXN 29,000 MXN
MINIMUM AVERAGE MAXIMUM
$430 $690 $1,700

2-bedroom apartment monthly rent cost

9,800 MXN 15,000 MXN 39,000 MXN
MINIMUM AVERAGE MAXIMUM
$580 $870 $2,300

3-bedroom apartment monthly rent cost

12,000 MXN 20,000 MXN 53,000 MXN
MINIMUM AVERAGE MAXIMUM
$690 $1,200 $3,200

Furnished apartment monthly rent cost

24,000 MXN 59,000 MXN 120,000 MXN
MINIMUM AVERAGE MAXIMUM
$1,400 $3,500 $6,900

Townhouse monthly rent cost

20,000 MXN 29,000 MXN 84,000 MXN
MINIMUM AVERAGE MAXIMUM
$1,200 $1,700 $5,000

House monthly rent cost

24,000 MXN 59,000 MXN 120,000 MXN
MINIMUM AVERAGE MAXIMUM
$1,400 $3,500 $6,900

Villa monthly rent cost

29,000 MXN 73,000 MXN 120,000 MXN
MINIMUM AVERAGE MAXIMUM
$1,700 $4,300 $6,900

The monthly rental cost of a studio apartment in General Escobedo ranges between 4,900 MXN and 20,000 MXN, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 7,300 MXN to 29,000 MXN. Two-bedroom rentals rate ranges between 9,800 MXN and 39,000 MXN per month. The monthly rental for a three-bedroom apartment ranges from 12,000 MXN to 53,000 MXN. The average rent of a townhouse in General Escobedo is around 29,000 MXN while house rental costs can be as high as 59,000 MXN per month. Finally, if you want to rent a villa, expect to pay anywhere from 29,000 MXN to 120,000 MXN per month.



Apartment and house prices in General Escobedo

Cost of buying a property

Studio apartment price

980,000 MXN 1.5M MXN 2.9M MXN
MINIMUM AVERAGE MAXIMUM
$58,000 $87,000 $170,000

1-bedroom apartment price

1.2M MXN 2M MXN 7.3M MXN
MINIMUM AVERAGE MAXIMUM
$69,000 $120,000 $430,000

2-bedroom apartment price

2M MXN 5.9M MXN 12M MXN
MINIMUM AVERAGE MAXIMUM
$120,000 $350,000 $690,000

3-bedroom apartment price

6.5M MXN 9.8M MXN 29M MXN
MINIMUM AVERAGE MAXIMUM
$390,000 $580,000 $1.7M

Townhouse price

8.4M MXN 20M MXN 73M MXN
MINIMUM AVERAGE MAXIMUM
$500,000 $1.2M $4.3M

House price

9.8M MXN 59M MXN 84M MXN
MINIMUM AVERAGE MAXIMUM
$580,000 $3.5M $5M

Villa price

12M MXN 65M MXN 98M MXN
MINIMUM AVERAGE MAXIMUM
$690,000 $3.9M $5.8M

The average price of a studio apartment in General Escobedo can range from 980,000 MXN to 2.9M MXN depending on location. One bedroom cost can be anywhere from 1.2M MXN to 7.3M MXN. A villa can cost you 65M MXN on average with prices ranging from 12M MXN to 98M MXN.


If you're leasing or purchasing, housing costs in General Escobedo 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


45 x132 monthly income 226
MINIMUM AVERAGE MAXIMUM

Property prices in General Escobedo can be x132 to x226 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x132 multiples of the average monthly salary in General Escobedo.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


24% 35% of income 45%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in General Escobedo is around 35%. This means that people pay 35% of their income for rent. Those figures can range from 24% to 45% 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
32%

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.


86 MXN 1,100 MXN 11,000 MXN
MINIMUM AVERAGE MAXIMUM

Urban vs. rural living costs

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

Monthly costs and expenses of energy and basic utilities in General Escobedo

Utilities expenditure can vary slightly between different areas and locations.


Energy, electricity, water, gas, internet, and mobile cost in General Escobedo

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

330 MXN 2,300 MXN 15,000 MXN
MINIMUM AVERAGE MAXIMUM
$19 $140 $910

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 2,300 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


2.1% 5.2% of income 9.4%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in General Escobedo is around 5.2%. This means that people pay 5.2% of their income for energy, water, internet, and mobile charges. Those figures can range from 2.1% to 9.4% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in General Escobedo

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


Prices and cost of goods and services in General Escobedo

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 General Escobedo 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

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 General Escobedo.

Fine dining meal for one price

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 General Escobedo.

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 General Escobedo 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 General Escobedo 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 General Escobedo 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 General Escobedo 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


18% 26% of income 32%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in General Escobedo is around 26%. This means that individuals spend 26% of their income on grocery and basic household items. The expenditure can range from 18% to 32% depending on salary and location.


Expenditure on food and grocery for individuals

Individuals' spending on grocery ranges from 870 MXN to 41,000 MXN with the location, income being the most determinite factors.

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