How to calculate your daily cost of living in Mexico

Published August 12, 2022

by Brent May

So it’s no secret that for many people considering a move to southern Mexico for a permanent or long-term stay, the lower cost of living compared to the US or Canada is a big incentive. Perhaps second only to the fantastic weather.

With the advantageous exchange rate as of July 2022 hovering around 20 pesos to 1 US dollar, or 15.50 pesos to 1 Canadian dollar, pretty much any way you slice it, living in Mexico is going to be less expensive than living up north. In particular if you are on a fixed-income after retirement or otherwise paying close attention to a monthly budget, if your income is in US or Canadian dollars, you are going to find southern Mexico to be more affordable.

Of course, monthly expenses differ according to where you choose to live in Mexico, to your lifestyle requirements and your particular needs.

For some expenses like electricity or fruits and vegetables, the cost difference is fairly remarkable. In other expenses like dairy products or gasoline, you may find there is little difference.

With that being said, we’ll take a look at some of the actual costs of food and other daily-use products in southern Oaxaca state, and try to give you an idea of budget considerations for everyday life when you are planning on making the big move.

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