✦ Compare countries
Mexico vs Spain
Compare cost of living, taxes, salaries and visas between Mexico and Spain.
| Mexico | Spain | |
|---|---|---|
| Cost of living | ||
| Cost of living index | 64 | 104 |
| Taxes | ||
| Income tax (top rate) | 35% | 47% |
| VAT / sales tax | 16% | 21% |
| Social security (employee) | — | 6.4% |
| Corporate tax | 30% | 25% |
| Capital gains | — | 28% |
| Economy & salaries | ||
| Avg net salary | $700/mo | $1,900/mo |
| Minimum wage | $420/mo | $1,300/mo |
| GDP per capita | $12,000 | $34,000 |
| Life expectancy | 75 yr | 83 yr |
| Quality of life | ||
| LGBTQ+ acceptance | Moderate | High |
| Digital-nomad visa | Yes | Yes |
? Frequently asked questions
Is Mexico cheaper than Spain?
Spain is about 62% more expensive than Mexico overall — its cost-of-living index is 104 versus 64 for Mexico.
How much do you need to earn in Spain to live like in Mexico?
To keep the same standard of living, a $75,000 salary in Mexico is worth about $121,176 in Spain. Enter your own figure in the calculator above.
Which has lower taxes, Mexico or Spain?
Mexico has the lower top income-tax rate — 35% versus 47% in Spain.