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Italy vs Mexico
Compare cost of living, taxes, salaries and visas between Italy and Mexico.
| Italy | Mexico | |
|---|---|---|
| Cost of living | ||
| Cost of living index | 106 | 64 |
| Taxes | ||
| Income tax (top rate) | 43% | 35% |
| VAT / sales tax | 22% | 16% |
| Corporate tax | 24% | 30% |
| Capital gains | 26% | — |
| Economy & salaries | ||
| Avg net salary | $1,900/mo | $700/mo |
| Minimum wage | — | $420/mo |
| GDP per capita | $39,000 | $12,000 |
| Life expectancy | 83 yr | 75 yr |
| Quality of life | ||
| LGBTQ+ acceptance | Moderate | Moderate |
| Digital-nomad visa | Yes | Yes |
? Frequently asked questions
Is Italy cheaper than Mexico?
Mexico is about 39% cheaper than Italy overall — its cost-of-living index is 64 versus 106 for Italy.
How much do you need to earn in Mexico to live like in Italy?
To keep the same standard of living, a $75,000 salary in Italy is worth about $45,762 in Mexico. Enter your own figure in the calculator above.
Which has lower taxes, Italy or Mexico?
Mexico has the lower top income-tax rate — 35% versus 43% in Italy.