✦ Cost of living
Mexico
National taxes, visas and economy — plus every city we track in Mexico.
The cost of living in Mexico averages 59 on our index (a typical US city = 100) — about 41% cheaper. Among the cities we track, Guadalajara is the most affordable and Mexico City the priciest. A one-bedroom rent runs roughly $650/mo and the top income-tax rate is 35%. The average net salary is about $700/mo.
- Currency
- Mexican peso ($ MXN)
- Languages
- Spanish
- Capital
- Mexico City
- Driving
- Right-hand side
- Power
- A/B · 127V
▤ Taxes
35%
Income tax
progressive
16%
VAT / sales
30%
Corporate
$700
Avg net salary
per month
$420
Minimum wage
per month
75.3 yr
Life expectancy
World Bank 2024
✈ Visas & residency
Temporary Resident visa via income/savings; popular with nomads.
✈ 180-day tourist entry for many passports.
Temporary Residentresidence
Income or savings proof; up to 4 years.
Permanent Residentresidence
❖ Cities in Mexico
⚖ Compare Mexico with other countries
Mexico vs United StatesMexico vs United KingdomMexico vs FranceMexico vs GermanyMexico vs NetherlandsMexico vs IrelandMexico vs SpainMexico vs PortugalMexico vs ItalyMexico vs SwitzerlandMexico vs CanadaMexico vs United Arab EmiratesMexico vs SingaporeMexico vs JapanMexico vs AustraliaMexico vs ThailandMexico vs ArgentinaMexico vs IndiaMexico vs TurkeyMexico vs IndonesiaMexico vs ColombiaMexico vs BrazilMexico vs AustriaMexico vs South Korea