Can you live off of $2000.00 USD a month in Mexico? Is it nice and where?

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Just want to know

My dad just rented a 2 bedroom, 1 bath with large lot for 1000 pesos, that would be $100 dollars. He only makes around 1200 dollars a month. He loves it, he just bought his self a 2006 jetta and goes to the beach all the time.
This is in armeria, colima mexico.
I am buying a house in uruapan mexico, but i rent it out for $110 dollars. that covers my mortgage and I live in the united states. Don't go to the border areas which cost lots of money, because lots of tourist go there and they know they can charge lots of money

Goldfinger

They will live very well in Mexico on $2,000 per month.

They will live even better in places like Argentina, Brazil or Chile.

There is a very BIG AMERICAN expat community in these places and alot of the ammenities needed for older folks (good medical, internet services, good standard of living, peaceful well educated people).

sparks_mex

To get a retirement visa in Mexico (FM3) requires an income of $1150 per month for a single person, half of of that again for a couple ($1725). That should give you an idea what the Mexican government thinks you need to live here.

If you own a house ... you can reduce the monthly requirement by (up to) half.

ninjadanielsan03

They can live very nicely with that amount. I recommend Merida, Yucatan (in Mexico's south) which is a very clean, warm city near the ocean (Gulf of Mexico) and about 3 hours from CanCun. My parents live there and have been for over ten years now.

Very reasonable prices on everything, not a lot of corruption, and very little crime.

kdog

I know people that took $40,000 back to Mexico and lived like kings the rest of their lives. They'll be fine. Hell, a lot of people make it on less than that here in the states.

kentata

$2000 a month should be a comfortable sum. I would think that they might want to explore Baja California (Ensenada) as a retirement option.

anotherxyz

Anywhere LOL!

parrotjohn2001

You could live very nicely in Mexico on $2000/month. You can have fresh fruit and vegetables every day.
Southern Mexico is cheaper, and the weather is better.

Site for Vacation Rentals in Mexico
http://www.vacationrentals.com/vacation-rentals/Central-Mexico.html

Very nice, $550/month, San Cristobal
http://www.vacationrentals.com/vacation-rentals/5305.html

Another rental
http://www.vacationrentals.com/vacation-rentals/8720.html

The Landlord

that would do it. A couple would be rich, but they could be OK, and confortable

YES, you could. However, the people who have said you would be rich are wrong (they have obviously never LIVED in Mexico). Definetely wrong.

Check out information on the city of Queretaro. It is the capital of the state of the same name (Queretaro) in the central part of Mexico. A drive away from Mexico City. It's a very beautiful state, and real estate is comparatively cheap. I have heard several times the standard of living is good.

Stay away from the northern cities. Real estate is VERY VERY expensive compared to the CENTRAL and SOUTHERN parts of Mexico.

Also check out the Pacific coastline in Baja California (between Playas de Tijuana and Ensenada). It has the Southern California weather, but real estate is obviously less expensive. Significantly.

Golgo 24

Depends on the location. I used to frequent Mexico and yes, its very cheap (compared to the US). Go for a standard place and 2000 should be more than enough for a month.

Ryan rox

That is enough. I lived for 1 month in Tuxtla-Gutierrez, the capital of Chiapas, (in southern Mexico, by Guatemala) for less than 500 bucks. My housing was a modest 1 bedroom apt., but the landlord cooked 3 square meals for us and it only costs $200 American. I could have done fine with only 350, but I bought some souvenirs and other non-necessities. Anyway, you can rent a nice home there for about 300-350USD/month. I plan on moving there this fall with a couple of friends. We're gonna split the rent on a house. Utilities are very cheap there; average electric bill is about $12/month. Food is cheap too; you can eat a good meal with a Coke for under $2 easily. The taxi fares can add up if you use them a lot. Also, gasoline is about equal to what is costs here. For the residents there, fuel is one of the biggest expenses. If you don't have to travel very far though, its not bad.
This is all according to my experience is Tuxtla. It could be very different elsewhere.

Raynanne

You can live on less than that in the USA. I just paided off almost everything and pay with cash. It takes a budget and sticking to it.

The only outstanding debt I have is my mortgage. I don't live in a big city, grow a small garden, and still have internet, cable TV and most of what I want and need.

Below is a great article on frugal living.

There are also lots of books on the topic.

Also do you really want your parents so far away in a country known for such corruption and poor medical health?

chefbill

I am an American living in Mexico and yes they could live on $2,000 dollars a month. A few words of caution however, Health care is expensive and much more limited than in the states. Also to live a high quality life it is just as or more expensive in the states. Referring to a nice apartment, car, gasoline, imported goods etc. If they are smart about making there savings last they could get by fine. Queretaro is a beautiful state, one of the cleanest and safest in Mexico. The population is 1 million and growing. They just opened an international airport with direct flights from Houston and L.A. The weather is also terrific. !0 months of the year 80*F. Hope this was of some help to you.

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