✦ Compare countries
Colombia vs Mexico
Compare cost of living, taxes, salaries and visas between Colombia and Mexico.
| Colombia | Mexico | |
|---|---|---|
| Cost of living | ||
| Cost of living index | 49 | 64 |
| Taxes | ||
| Income tax (top rate) | 39% | 35% |
| VAT / sales tax | 19% | 16% |
| Corporate tax | 35% | 30% |
| Economy & salaries | ||
| Avg net salary | $450/mo | $700/mo |
| Minimum wage | $330/mo | $420/mo |
| GDP per capita | $6,976 | $13,889 |
| Inflation (annual) | 5.2% | 3.8% |
| Life expectancy | 74 yr | 75 yr |
| Quality of life | ||
| LGBTQ+ acceptance | High | Moderate |
| Digital-nomad visa | Yes | Yes |
? Frequently asked questions
Is Colombia cheaper than Mexico?
Mexico is about 31% more expensive than Colombia overall — its cost-of-living index is 64 versus 49 for Colombia.
How much do you need to earn in Mexico to live like in Colombia?
To keep the same standard of living, a $75,000 salary in Colombia is worth about $97,991 in Mexico. Enter your own figure in the calculator above.
Which has lower taxes, Colombia or Mexico?
Mexico has the lower top income-tax rate — 35% versus 39% in Colombia.