How much money is needed to retire in Mexico?
Mexico can be a cheap place for retirees to make their dollars go farther, as the cost of living south of the border isn’t as high as in the United States. Monthly expenses can range from a few hundred to several thousand dollars. It all depends on where the retiree chooses to live and the standard of living he wants to maintain once there.Costs Vary WidelyMexico City is viewed as the most expensive place to live, but then life in most capital cities is always more expensive than the hinterlands. Coastal cities such as Mazatlan and Puerto Rico are generally considered more expensive places than inland because vacationing tourists don’t worry about budgets. Carl Franz, who writes about retiring in Mexico for “The People’s Guide to Mexico,” says he could survive in Mexico for $400 a month, maybe even as little as $300 with scrimping a little bit. At the other end of the spectrum, International Living estimates it will take more than $2,100 a month to live comfortably in Mexico.Standard o
