How to Retire in Mexico
Visas, Cost of Living, and More
We aren’t exaggerating when we say that Mexico is one of the best places in the world to retire!
If you’ve dreamed of retiring in a place where the weather is warm, surrounded by a tropical landscape with an exotic culture, without giving up all of the finer things in life, you should definitely consider Mexico for your retirement.
Mexico offers an excellent quality of life, that combines with natural beauty and a modern infrastructure. Also, they have great cell coverage and high-speed internet. For this, Mexico is also a great option for professionals and business owners who need to continue working and managing their companies while they’re sitting in front of a gorgeous beach.
Have you pictured yourself enjoying your retirement with a relaxed lifestyle? Keep reading – we’ll talk about a few things that you should know in order to retire in Mexico.
Can Foreigners Move to Mexico?
Mexico has a fairly friendly policy for foreigners who wish to live in the country.
This applies if you don’t intend to work in the country. As long as you receive income from your country of origin or some other external location, it is not considered “working in Mexico.”
There are 3 types of visas for foreigners available. They differ depending on how long you plan on staying in the country.
- Tourist visa: The easiest and fastest option. It allows you to be in the country for 6 continuous months.
- Temporary resident visa: Valid for 1 to 4 years. Must be renewed annually.
- Permanent resident visa: You are able to stay as long as you’d like in the country. Does not need to be renewed once obtained.
With any of these 3 visas you can buy property in Mexico!
Each respective visa has its own qualities and certain requirements.
Cost of Living in Mexico
The cost of living to retire in Mexico depends mainly on the place where you decide to settle.
Between each city or town, large or small, and tourist area, the cost in each can vary significantly.
Coastal destinations such as Tulum, Puerto Vallarta, and Los Cabos are among some favorite places to live and work as an expat, as well as a reference point to give you an idea of the cost of living in Mexico.
In these destinations, you can enjoy a very comfortable lifestyle, including domestic cleaning services, and car and private medical insurance for about $2,500 USD per month for 2 people.
The Best Places to Retire in Mexico
Mexico is a country that has it all: excellent weather, delicious cuisine, a fascinating culture. Its exciting traditions and easy lifestyle make it hard to pass up.