How much does it really cost to live in Mexico compared to the US?

Published April 20, 2024

It’s hard these days to avoid reading something about the rising cost of living in Mexico.

YouTube videos targeting expats are everywhere — carefully mapping out how much the costs of certain items and experiences have increased in different parts of Mexico. The commentary reached a fever pitch this past week with the peso hitting 16.30 to the US dollar, an almost 9-year high and a 30% move in just the past two years.

It is undeniable that there is a noticeable difference in the prices of most goods and services these days, even when paying in pesos and not thinking about the price in dollars.

This of course is due to the wave of high inflation that has affected pretty much every corner of the globe over the past several years. When one adds the impact of the recent peso appreciation, some price increases are downright startling! This has created some sticker shock and “Mexico soul searching” for more than a few expats. For decades now, expats in Mexico have been able to rely on a weak peso, which would often offset any inflation and make the country an affordable place to live for those from the U.S. or Canada. Those days are over.

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Mexico News Daily is the premier source of English-language news about Mexico. Our editors and writers synthesize information from Mexican newspapers and periodicals to bring you the day’s most important news about the country’s politics, economy, business and security. We want to inform readers, and also expand their horizons by curating engaging and useful content about art, culture, history, travel, real estate and lifestyle in Mexico.