Cost Of Living For a Single Person in Mexico City 2025

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

Average Monthly Expenditure

Currency: MXN
13,000 90,000 1M
MINIMUM AVERAGE MAXIMUM
$750 $5,300 $59,000

Average monthly spending for a single person or individual in Mexico City

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

A single person in Mexico City spends around 90,000 MXN per month on average. Depending on the lifestyle, a single individual can survive with a monthly budget as low as 13,000 MXN or as high as 1M MXN. Location and income are very important factors and have a huge influence on expenditure and budget.

Single person or Individual cost of living and expenditure to income ratio in Mexico City

Single person expenditure to income ratio in Mexico City

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

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

120%

100% to 130%

( expenditure / income ) x 100


Individuals in Mexico City spend around 120% of their monthly income. Some individuals spend as low as 100% of their income while some as high as 130%.

Prices and cost of goods and services in Mexico City

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

Dining, food, and beverages costs


Fast food combo meal

87 MXN 170 MXN 290 MXN
MINIMUM AVERAGE MAXIMUM
$5.1 $10 $17

Restaurant meal for one

330 MXN 490 MXN 980 MXN
MINIMUM AVERAGE MAXIMUM
$19 $29 $58

Fine dining meal for one

580 MXN 870 MXN 3,500 MXN
MINIMUM AVERAGE MAXIMUM
$34 $51 $210

Cappuccino or latte

78 MXN 130 MXN 190 MXN
MINIMUM AVERAGE MAXIMUM
$4.6 $7.4 $11

Grocery and market costs


Milk large bottle

65 MXN 78 MXN 98 MXN
MINIMUM AVERAGE MAXIMUM
$3.9 $4.6 $5.8

12 eggs

43 MXN 57 MXN 86 MXN
MINIMUM AVERAGE MAXIMUM
$2.5 $3.4 $5.1

Fresh whole chicken

110 MXN 150 MXN 210 MXN
MINIMUM AVERAGE MAXIMUM
$6.7 $8.6 $12

Pack of beef

150 MXN 220 MXN 440 MXN
MINIMUM AVERAGE MAXIMUM
$8.6 $13 $26

Medium bag of rice

44 MXN 61 MXN 86 MXN
MINIMUM AVERAGE MAXIMUM
$2.6 $3.6 $5.1

Bag of tomatos

18 MXN 24 MXN 44 MXN
MINIMUM AVERAGE MAXIMUM
$1 $1.4 $2.6

Bag of apples

33 MXN 43 MXN 71 MXN
MINIMUM AVERAGE MAXIMUM
$1.9 $2.5 $4.2
Chart showing the prices and cost of commute, travel, and transportation in Mexico City

Commute, travel, and transportation costs


20 minutes taxi ride

83 MXN 99 MXN 200 MXN
MINIMUM AVERAGE MAXIMUM
$4.9 $5.9 $12

Average car full tank

440 MXN 590 MXN 1,200 MXN
MINIMUM AVERAGE MAXIMUM
$26 $35 $69

Average car 1-day rental

360 MXN 480 MXN 720 MXN
MINIMUM AVERAGE MAXIMUM
$21 $28 $43

Average car price

190,000 MXN 390,000 MXN 520,000 MXN
MINIMUM AVERAGE MAXIMUM
$11,000 $23,000 $30,000

Bus ticket one way

13 MXN 19 MXN 38 MXN
MINIMUM AVERAGE MAXIMUM
$0.75 $1.1 $2.3

Car Service

540 MXN 820 MXN 1,600 MXN
MINIMUM AVERAGE MAXIMUM
$32 $48 $96
Chart showing the prices and cost of utility, energy, water, and gas for a single person in Mexico City

Utility cost (monthly)


Utility Bill - Individual

520 MXN 3,700 MXN 41,000 MXN
MINIMUM AVERAGE MAXIMUM
$31 $220 $2,400

Internet and cable

500 MXN 990 MXN 1,300 MXN
MINIMUM AVERAGE MAXIMUM
$29 $59 $78

Mobile phone charges

230 MXN 380 MXN 1,100 MXN
MINIMUM AVERAGE MAXIMUM
$13 $22 $66

Leisure and activities costs


Movie ticket

160 MXN 210 MXN 320 MXN
MINIMUM AVERAGE MAXIMUM
$9.4 $12 $19

One month gym membership

740 MXN 930 MXN 1,900 MXN
MINIMUM AVERAGE MAXIMUM
$44 $55 $110
Chart showing the prices and cost of clothing and accessories in Mexico City

Cloths and accessories costs


Pair of jeans or pants

580 MXN 830 MXN 1,200 MXN
MINIMUM AVERAGE MAXIMUM
$34 $49 $73

Woman dress

590 MXN 820 MXN 2,700 MXN
MINIMUM AVERAGE MAXIMUM
$35 $48 $160

Woman shoes

460 MXN 620 MXN 1,500 MXN
MINIMUM AVERAGE MAXIMUM
$27 $37 $86

Men's shoes

420 MXN 520 MXN 1,000 MXN
MINIMUM AVERAGE MAXIMUM
$25 $30 $61

Men suit

500 MXN 620 MXN 3,300 MXN
MINIMUM AVERAGE MAXIMUM
$29 $37 $200

Regular t-shirt

270 MXN 350 MXN 1,100 MXN
MINIMUM AVERAGE MAXIMUM
$16 $21 $63
Chart showing the prices and cost of housing, accommodation, and rent in Mexico City

Housing costs / monthly rent


Studio apartment

11,000 MXN 16,000 MXN 43,000 MXN
MINIMUM AVERAGE MAXIMUM
$630 $950 $2,500

1-bedroom apartment

17,000 MXN 28,000 MXN 69,000 MXN
MINIMUM AVERAGE MAXIMUM
$1,000 $1,600 $4,100

2-bedroom apartment

25,000 MXN 37,000 MXN 98,000 MXN
MINIMUM AVERAGE MAXIMUM
$1,400 $2,200 $5,800

Housing costs / Buying


Studio apartment

2.5M MXN 3.7M MXN 7.4M MXN
MINIMUM AVERAGE MAXIMUM
$140,000 $220,000 $430,000

1-bedroom apartment

3.1M MXN 5.2M MXN 20M MXN
MINIMUM AVERAGE MAXIMUM
$190,000 $310,000 $1.2M

2-bedroom apartment

4.3M MXN 13M MXN 26M MXN
MINIMUM AVERAGE MAXIMUM
$250,000 $760,000 $1.5M
Chart showing the prices and cost of furniture in Mexico City

Furniture Costs


King Size Bed

8,500 MXN 11,000 MXN 14,000 MXN
MINIMUM AVERAGE MAXIMUM
$500 $630 $830

Double Bed

6,000 MXN 9,100 MXN 11,000 MXN
MINIMUM AVERAGE MAXIMUM
$360 $530 $670

Single Bed

5,700 MXN 7,400 MXN 9,700 MXN
MINIMUM AVERAGE MAXIMUM
$340 $440 $570

Living Room

11,000 MXN 15,000 MXN 52,000 MXN
MINIMUM AVERAGE MAXIMUM
$680 $870 $3,000

Dining Table

4,200 MXN 5,700 MXN 11,000 MXN
MINIMUM AVERAGE MAXIMUM
$250 $330 $630

Sofa or Couch

6,000 MXN 8,200 MXN 18,000 MXN
MINIMUM AVERAGE MAXIMUM
$360 $490 $1,100
Chart showing the prices and cost of electronic devices and appliances in Mexico City

Electronics and House Appliance Costs


TV Set

6,100 MXN 9,200 MXN 18,000 MXN
MINIMUM AVERAGE MAXIMUM
$360 $540 $1,100

Fridge or Freezer

5,800 MXN 8,900 MXN 12,000 MXN
MINIMUM AVERAGE MAXIMUM
$340 $530 $720

Washing Machine

6,200 MXN 9,000 MXN 16,000 MXN
MINIMUM AVERAGE MAXIMUM
$370 $530 $950

Stove or Cooker

6,100 MXN 7,800 MXN 11,000 MXN
MINIMUM AVERAGE MAXIMUM
$360 $460 $630

Mobile Phone

7,700 MXN 9,200 MXN 13,000 MXN
MINIMUM AVERAGE MAXIMUM
$450 $540 $770

Laptop or Computer

8,900 MXN 11,000 MXN 20,000 MXN
MINIMUM AVERAGE MAXIMUM
$530 $640 $1,200
Where do individuals choose to put their savings in Mexico City

Typical saving choices for individuals in Mexico City

Where do people choose to put their savings?


Saving Type% People
Emergency Funds11%
Gold11%
Savings Accounts17%
Retirement Accounts11%
Cash Savings17%
Real Estate10%
Investment6%
Stocks6%
Bonds6%
Mutual Funds3%
Certificates of Deposit3%
Percentage of individuals who manage to save money from their income every month in Mexico City

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


Percentage of individuals that reported their ability to save money


Saving Money
93%
Not Saving
7.1%

Almost 93% of surveyed individuals in Mexico City said that they can save some money at the end of each month while 7.1% reported that they have to utilize their whole income to survive.


A single person savings to income ratio in Mexico City

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

25% 41% of income 55%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

3,800 MXN
$220
34,000 MXN
$2,000
380,000 MXN
$22,000
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for individuals

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

Interpretation and Analysis

Individuals that are able to save money can put anywhere from 25% to 55% of their monthly income to their savings, with 41% being the average for most individuals. The average monthly amount of money that individuals can put aside is 34,000 MXN with 3,800 MXN and 380,000 MXN being the minimum and maximum respectively.

Reasons that make it difficult for individuals to save money in Mexico City

Saving Challenges in Mexico City

Reasons that make it difficult for individuals to save money

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


Reason% People
Low Income6%
High Expenses9%
Debt and Loans17%
Lack of Budgeting Skills11%
Impulsive Spending10%
Financial Emergencies6%
Living the moment6%
Will do it later18%
Inflation11%
Social Pressure3%
Market Instability3%

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. 17% 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. 18% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 11% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.

Distribution of monthly cost of living expenses of a single person in Mexico City

How do individuals spend their money in Mexico City?

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 Cost32%

32% of total expenses on average (20% to 44%)

LOW$250   4,300 MXN
AVERAGE$1,800   30,000 MXN
HIGH$20,000   340,000 MXN
Per Month

Individuals in Mexico City typically spend from 20% to 44% of their total monthly expenditure on housing with 32% being the average. The average monthly spend on housing is 30,000 MXN with expenditure ranging from 4,300 MXN to 340,000 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$31   520 MXN
AVERAGE$220   3,700 MXN
HIGH$2,400   41,000 MXN
Per Month

Utility expenditure like electricity, water, and gas in Mexico City ranges from 4% to 13% of total expenses with 8% being the average for most individuals. The average monthly cost of utilities is 3,700 MXN with 520 MXN and 41,000 MXN being the upper and lower limits for a single person.

Transport, fuel, and commute expenditure for individuals

Cost of transport and fuel6%

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

LOW$50   840 MXN
AVERAGE$350   5,900 MXN
HIGH$3,900   66,000 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 840 MXN to 66,000 MXN in a month on commuting with 5,900 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

Food and Groceries Cost18%

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

LOW$93   1,600 MXN
AVERAGE$660   11,000 MXN
HIGH$7,300   120,000 MXN
Per Month

The average outlay on groceries and basic houshold items for a typical person in a month in Mexico City is 11,000 MXN. The cost of groceries can range between 1,600 MXN to 120,000 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

Cost of healthcare11%

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

LOW$38   640 MXN
AVERAGE$270   4,500 MXN
HIGH$3,000   50,000 MXN
Per Month

Individuals in Mexico City 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 640 MXN to 50,000 MXN with 4,500 MXN being the norm for most individuals.

Leisure and shopping expenditure for individuals

Cost of leisure and shopping3%

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

LOW$29   490 MXN
AVERAGE$210   3,500 MXN
HIGH$2,300   39,000 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 490 MXN to 39,000 MXN with 3,500 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

Cost of education and schooling2%

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

LOW$12   200 MXN
AVERAGE$82   1,400 MXN
HIGH$910   15,000 MXN
Per Month

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 1,400 MXN per month with 200 MXN being the minimum spent amount and 15,000 MXN being the maximum.

Other Expenses20%

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

LOW$120   2,000 MXN
AVERAGE$840   14,000 MXN
HIGH$9,400   160,000 MXN
Per Month
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 Mexico City

Affordable living in Mexico City

Income and cost of living compatibility

We asked individuals one simple question and recorded their answers.

Is it affordable or economical to live in Mexico City?


Yes
70%
No
30%

Around 70% of surveyed individuals think that living in Mexico City is affordable with proper budgeting while 30% reported that it is just too expensive and not affordable even with frugality and thriftness.

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

Yes69%

No31%


Based on the survey, 31% of the individuals living in Mexico City said that they don't have an emergency fund while 69% said that they do.

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

Low-cost alternatives in Mexico City

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 options60%

Few low-cost options40%


Based on the survey, 60% of the individuals living in Mexico City have no problem finding low-cost alternatives to support a frugal lifestyle while 40% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Financial literacy and difficulty in budgeting and financial planning for individuals in Mexico City

Financial Literacy in

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 Mexico City 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 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 Mexico City

Financial goals of individuals in Mexico City

In an attempt to understand the economic situation in Mexico City, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.


Financial Goal% People
Emergency Fund7%
Debt Reduction35%
Retirement Savings8%
Education Funding8%
Homeownership17%
Investing8%
Travel or Lifestyle10%
Healthcare Expenses10%
Financial Independence8%

Around 7% of individuals said that their main goal is to establish an emergency fund to cover unexpected expenses while 35% said their number one priority is to pay off high-interest debt or loans and improve credit. 8% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 8% reported that their priority is saving for the tuition fees and education costs of their children while 17% choose to buy a home or pay off existing mortgage before other things. 8% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 10% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 10% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Monthly costs and expenses of energy and basic utilities in Mexico City

Utilities expenditure can vary slightly between different areas and locations.


Energy, electricity, water, gas, internet, and mobile cost in Mexico City

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

520 MXN 3,700 MXN 41,000 MXN
MINIMUM AVERAGE MAXIMUM
$31 $220 $2,400

Internet and cable cost

500 MXN 990 MXN 1,300 MXN
MINIMUM AVERAGE MAXIMUM
$29 $59 $78

Mobile phone bill and charges

230 MXN 380 MXN 1,100 MXN
MINIMUM AVERAGE MAXIMUM
$13 $22 $66

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


The average monthly energy and water consumption of individuals is around 3,700 MXN. The cost of internet and WiFi ranges from 500 MXN to 1,300 MXN with 990 MXN being the average internet bill. Finally, the average monthly mobile charges is around 380 MXN but can range between 230 MXN and 1,100 MXN depending on consumption. Mobile charges include both calling minutes as well as data packages.


Energy / Utility expense to income ratio


( monthly utility expenses / monthly income ) x 100


3.1% 7.8% of income 14%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Mexico City is around 7.8%. This means that people pay 7.8% of their income for energy, water, internet, and mobile charges. Those figures can range from 3.1% to 14% depending on salary and location.

Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Mexico City

Housing costs, accommodation, and housing affordability in Mexico City

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


Rent Cost in Mexico City

Monthly Rent Prices

Studio apartment monthly rent cost

11,000 MXN 16,000 MXN 43,000 MXN
MINIMUM AVERAGE MAXIMUM
$630 $950 $2,500

1-bedroom apartment monthly rent cost

17,000 MXN 28,000 MXN 69,000 MXN
MINIMUM AVERAGE MAXIMUM
$1,000 $1,600 $4,100

2-bedroom apartment monthly rent cost

25,000 MXN 37,000 MXN 98,000 MXN
MINIMUM AVERAGE MAXIMUM
$1,400 $2,200 $5,800

3-bedroom apartment monthly rent cost

31,000 MXN 52,000 MXN 140,000 MXN
MINIMUM AVERAGE MAXIMUM
$1,900 $3,100 $8,400

Furnished apartment monthly rent cost

55,000 MXN 140,000 MXN 280,000 MXN
MINIMUM AVERAGE MAXIMUM
$3,300 $8,100 $16,000

Townhouse monthly rent cost

44,000 MXN 65,000 MXN 190,000 MXN
MINIMUM AVERAGE MAXIMUM
$2,600 $3,800 $11,000

House monthly rent cost

56,000 MXN 140,000 MXN 280,000 MXN
MINIMUM AVERAGE MAXIMUM
$3,300 $8,200 $16,000

Villa monthly rent cost

65,000 MXN 160,000 MXN 260,000 MXN
MINIMUM AVERAGE MAXIMUM
$3,800 $9,500 $15,000

The monthly rental cost of a studio apartment in Mexico City ranges between 11,000 MXN and 43,000 MXN, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 17,000 MXN to 69,000 MXN. Two-bedroom rentals rate ranges between 25,000 MXN and 98,000 MXN per month. The monthly rental for a three-bedroom apartment ranges from 31,000 MXN to 140,000 MXN. The average rent of a townhouse in Mexico City is around 65,000 MXN while house rental costs can be as high as 140,000 MXN per month. Finally, if you want to rent a villa, expect to pay anywhere from 65,000 MXN to 260,000 MXN per month.



Apartment and house prices in Mexico City

Cost of buying a property

Studio apartment price

2.5M MXN 3.7M MXN 7.4M MXN
MINIMUM AVERAGE MAXIMUM
$140,000 $220,000 $430,000

1-bedroom apartment price

3.1M MXN 5.2M MXN 20M MXN
MINIMUM AVERAGE MAXIMUM
$190,000 $310,000 $1.2M

2-bedroom apartment price

4.3M MXN 13M MXN 26M MXN
MINIMUM AVERAGE MAXIMUM
$250,000 $760,000 $1.5M

3-bedroom apartment price

15M MXN 23M MXN 69M MXN
MINIMUM AVERAGE MAXIMUM
$900,000 $1.4M $4.1M

Townhouse price

21M MXN 50M MXN 190M MXN
MINIMUM AVERAGE MAXIMUM
$1.3M $2.9M $11M

House price

26M MXN 160M MXN 230M MXN
MINIMUM AVERAGE MAXIMUM
$1.6M $9.4M $13M

Villa price

31M MXN 170M MXN 260M MXN
MINIMUM AVERAGE MAXIMUM
$1.9M $10M $15M

The average price of a studio apartment in Mexico City can range from 2.5M MXN to 7.4M MXN depending on location. One bedroom cost can be anywhere from 3.1M MXN to 20M MXN. A villa can cost you 170M MXN on average with prices ranging from 31M MXN to 260M MXN.


If you're leasing or purchasing, housing costs in Mexico City 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


100 x292 monthly income 501
MINIMUM AVERAGE MAXIMUM

Property prices in Mexico City can be x292 to x501 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x292 multiples of the average monthly salary in Mexico City.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


39% 55% of income 72%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Mexico City is around 55%. This means that people pay 55% of their income for rent. Those figures can range from 39% to 72% 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
31%

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
2.3%
AVERAGE
3.3%
TO
4.3%

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.


190 MXN 1,900 MXN 29,000 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.

Chart showing the percentage of individuals who are in debt in Mexico City

Debt, loans, and mortgages in Mexico City


Percentage of individuals who are in debt


In Debt
25%
Debt Free
75%

According to the survey, 25% of the individuals in Mexico City have some kind of debt, loan, mortgage, or credit card payments while 75% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Mexico City

Debt-to-income ratio in Mexico City

Debt to income ratio

28%

18% to 37%

( 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 28% of a single person's monthly income in Mexico City goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%13%
40% - 50%12%
30% - 40%14%
20% - 30%14%
10% - 20%17%
0% - 10%27%

According to our data, 3% of the debtors in Mexico City pay 60%+ of their income as debt settlement while 13% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 12% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 14% dedicated 30% to 40% of income for same. Things are looking brighter for 14% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Mexico City

Debt% People
Real Estate Mortgage12%
Auto Loan21%
Student Loan3%
Credit Card26%
Personal Loan38%

12% of debtors in Mexico City confirm that real estate mortgages constitutes the main part of their outstanding debt while 26% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 21% of people and personal loans rose at 38%. Lastly, student loans are the main source of debt for 3% of debtors in Mexico City.


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 Mexico City

Besides measuring the loan-to-income ratio, we asked individuals 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
Never54%
Once a year22%
Twice a year12%
Three times a year8%
Four times a year4%

Food Prices, Dining Expenses, and Grocery Costs in Mexico City

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


Prices and cost of goods and services in Mexico City

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

Fast food combo meal price

87 MXN 170 MXN 290 MXN
MINIMUM AVERAGE MAXIMUM
$5.1 $10 $17

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Mexico City is approximatly 170 MXN with meal cost ranging from 87 MXN to 290 MXN. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

330 MXN 490 MXN 980 MXN
MINIMUM AVERAGE MAXIMUM
$19 $29 $58

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 330 MXN and 980 MXN with 490 MXN being the average price of a plate for one person at a regular restaurant in Mexico City.

Fine dining meal for one price

580 MXN 870 MXN 3,500 MXN
MINIMUM AVERAGE MAXIMUM
$34 $51 $210

The price range of a meal at fine-dining restaurant is 580 MXN to 3,500 MXN with the average cost being 870 MXN for one person. This is what you would expect to pay a top-tier diner in Mexico City.

Beverage prices, cappuccino, latte etc..

78 MXN 130 MXN 190 MXN
MINIMUM AVERAGE MAXIMUM
$4.6 $7.4 $11

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Mexico City is around 130 MXN. Price ranges between 78 MXN and 190 MXN depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

65 MXN 78 MXN 98 MXN
MINIMUM AVERAGE MAXIMUM
$3.9 $4.6 $5.8

The average price of a large bottle of milk in Mexico City is 78 MXN. The maximum what you would pay for milk is 98 MXN and the minimum being 65 MXN depending on the brand of milk and other properties.

12 eggs price

43 MXN 57 MXN 86 MXN
MINIMUM AVERAGE MAXIMUM
$2.5 $3.4 $5.1

A dozen eggs costs around 57 MXN on average with 43 MXN and 86 MXN being the lower and upper limits respectively.

Fresh whole chicken price

110 MXN 150 MXN 210 MXN
MINIMUM AVERAGE MAXIMUM
$6.7 $8.6 $12

The price range of a fresh whole chicken in Mexico City is between 110 MXN and 210 MXN depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 150 MXN.

Pack of beef price

150 MXN 220 MXN 440 MXN
MINIMUM AVERAGE MAXIMUM
$8.6 $13 $26

The price of a regular pack of beef or meat is around 220 MXN. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

44 MXN 61 MXN 86 MXN
MINIMUM AVERAGE MAXIMUM
$2.6 $3.6 $5.1

A bag of rice in Mexico City costs around 61 MXN on average with prices rangeing between 44 MXN and 86 MXN depending on the brand and quality.

Bag of tomatos price

18 MXN 24 MXN 44 MXN
MINIMUM AVERAGE MAXIMUM
$1 $1.4 $2.6

A bag of tomatoes costs anywhere from 18 MXN to 44 MXN. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

33 MXN 43 MXN 71 MXN
MINIMUM AVERAGE MAXIMUM
$1.9 $2.5 $4.2

A bag of apples costs 43 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


25% 37% of income 46%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Mexico City is around 37%. This means that individuals spend 37% of their income on grocery and basic household items. The expenditure can range from 25% to 46% depending on salary and location.


Expenditure on food and grocery for individuals

Individuals' spending on grocery ranges from 1,600 MXN to 120,000 MXN with the location, income being the most determinite factors.

Published: July 25, 2024   Last Update: April 16, 2025



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