Retiring in Mexico Is Now More Affordable Than Ever Suzan Haskins and Dan Prescher - The Huffington Post
go to original April 9, 2016

Why foreign retirees are flocking to Mexico (PBS NewsHour)

If you’ve been to Mexico, it probably was to visit some of the country’s beautiful beaches.

But there’s much more to Mexico than beaches. It’s one of the biggest and most culturally and geographically diverse countries in the world... and it’s right on your doorstep.

And today, with the Mexican peso hitting record lows against the dollar, there’s not been a more favorable time to stretch your retirement budget.

As of March of 2016, the exchange rate was 17.34 MXN: 1USD. A plentiful sit-down lunch yesterday in Merida, Yucatan, where we write to you from, cost less than $8 for the two of us. And $25 buys two entrees, a bottle of wine, and dessert at an upscale restaurant.

But Mexico has far more attractions than just affordability.

Today’s Mexico is not only amazingly diverse and exotic; it’s also far more modern and developed than it was 15 or even 20 years ago. And it’s far safer than news media would have you believe.

No question, some parts of Mexico are dangerous. These are, mostly, isolated areas. But Mexico is a huge country...three times the size of Texas...and much of it is safe.

Tourists to Mexico, of course, know this. This country is a top destination for U.S. and Canadian tourists. But tourists aren’t the only ones packing up and heading for Mexico. It’s been a top retirement destination for at least 100 years now.

...This is just an idea of what the monthly expenses for a couple living in Mexico might amount to today:

Monthly Budget (for a couple)
   • Housing (rental of a furnished two-bedroom): $900
   • Utilities (electricity, gas, water, phone, cable TV, Internet): $130
   • Groceries: $300
   • Entertainment (dining out and other activities): $200
   • Household help (maid once a week): $70
   • Incidentals: $100
Total: $1,700

Read the rest at The Huffington Post

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