It’s no surprise that the cost of goods is skyrocketing in many parts of the world right? Your retirement funds won’t last long if you stay in the US. because inflation is inevitable. And so are higher taxes, especially on investments.
And it doesn’t matter if you’re not in the market to buy anything new. Because the cost of the bare essentials like groceries, produce, gas, and even utilities are going up in many parts of the world.
Just this week, I saw this study from the USDA that mentioned the average grocery trip for a couple living in the USA is about $700 USD/month! Yikes.
Even if you were being super frugal, the average cost of groceries is never below $500 USD/month- according to this study Now, compare that to the average of $4,000 Pesos a Month for Groceries. (about $200 USD) that a Mexican household spends in Mexico and you can see why living in Mexico is so attractive!
In a recent study done by INEGI– the Mexican national statistics agency- the agency determined that on average a Mexican household of 3 or more people spends about $11,840 MXN every 3 months or every trimester. Which is about $4,000 pesos a month or $200 USD.
That means the average Mexican household spends less than half what the average US household spends on groceries.
And that’s why you can beat inflation by moving to Mexico. Think of it this way, you’d be paying 2015 prices in the year 2022 when living in Mexico- compared to the U.S.
Things Cost Less in Mexico
And that’s because things just cost less in Mexico.
Especially when you shop at the local mercados, tianguis, and other local farmer’s markets. But even shopping at the big box grocery stores in Mexico will still cost you less than the same produce back home. As long as you buy the local brands as much as possible, you’ll save big time when living in Mexico!
And as inflation in the U.S. and the rest of the world gets worse, you might not be able to continue keeping up. Even if you become very frugal. But you don’t have to…
Living in one of the most inexpensive cities in the USA- Wichita Falls, TX- is still on average 60-70% more expensive than living in a wonderful place like Queretaro Mexico
The following is an example from Numbeo- a site that collects cost of living data.
And The Mexican People Make It Easy to Love Mexico!
Yes, the cost of living is probably one of the most important factors for people from the U.S., Canada, or other parts of the world to move to Mexico.
But the reason they stay is far greater. For starters, the Mexican people. In a recent study done by Internations.org– a site dedicated to expats around the world- Mexico ranked number 1 for “ease of settling in”
“I love the culture and friendliness of the local people.” posted one international survey participant.
And that’s because Mexican people are not only warm and friendly, but they really get to know you as a person. It’s woven into our culture to be curious about our neighbors, and we love getting to know people.
The Natural Beauty Matters Too
But if you’re more of an introvert yourself, then you can count on the amazing natural beauty all around Mexico. There is everything from mountains, deserts, beaches, hiking trails, forests, lakes, cenotes, cities, and charming towns to appease anyone.
If you’re a foodie- Mexico has amazing fresh fruit and vegetables rarely available in other places. Go to any market and you will be overwhelmed with the amount of variety in Mexico’s produce. And the gastronomy in Mexico is so diverse that you can have everything from vegan, vegetarian, and gluten-free to keto easily.
And the beauty of it all is, that you can actually have a better life in Mexico for less!
If you’re interested in learning some of the top reasons I recommend moving to Mexico, make sure you check out this video on my Youtube channel.
Finally- A Glimmer Of Hope
I hope this gives you a glimmer of hope.
That you CAN beat the crazy cost of inflation north of the border. Without having to sacrifice your lifestyle.
Many people move to Mexico and are not only able to afford more because their dollars go further here- but they live better lives because their stress diminishes! And it makes sense when you’re not as worried about making next month’s rent, or paying your bills and having money left to enjoy your life a little.
If you need help moving to Mexico the right way, I encourage you to consider our Mexico Relocation Guide– a step-by-step guide that’s easy to follow, consistently kept up to date, and also includes a directory of the contacts we recommend working with.
It helps you save time, save money, and save some headaches along the way!