✦ Cost of living
Mexico
National taxes, visas and economy — plus every city we track in Mexico.
The cost of living in Mexico averages 60 on our index (a typical US city = 100) — about 40% 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
$24,463
Avg annual wage
per year · OECD (PPP)
$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.
Income or savings proof; up to 4 years.
❖ Cities in Mexico
⚖ Compare Mexico with other countries
▸ Recommended reading & gear
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