✦ Compare countries
Spain vs Mexico
Compare cost of living, taxes, salaries and visas between Spain and Mexico.
| Spain | Mexico | |
|---|---|---|
| Cost of living | ||
| Cost of living index | 104 | 64 |
| Taxes | ||
| Income tax (top rate) | 47% | 35% |
| VAT / sales tax | 21% | 16% |
| Social security (employee) | 6.4% | — |
| Corporate tax | 25% | 30% |
| Capital gains | 28% | — |
| Economy & salaries | ||
| Avg net salary | $1,900/mo | $700/mo |
| Minimum wage | $1,300/mo | $420/mo |
| GDP per capita | $34,000 | $12,000 |
| Life expectancy | 83 yr | 75 yr |
| Quality of life | ||
| LGBTQ+ acceptance | High | Moderate |
| Digital-nomad visa | Yes | Yes |
? Frequently asked questions
Is Spain cheaper than Mexico?
Mexico is about 38% cheaper than Spain overall — its cost-of-living index is 64 versus 104 for Spain.
How much do you need to earn in Mexico to live like in Spain?
To keep the same standard of living, a $75,000 salary in Spain is worth about $46,420 in Mexico. Enter your own figure in the calculator above.
Which has lower taxes, Spain or Mexico?
Mexico has the lower top income-tax rate — 35% versus 47% in Spain.