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Mexico’s Residency Income Requirements- 2022

Here are some updates on the residency visa income requirements

I calculated the amounts using the new minimum wage of $172.87 Pesos. And the exchange rate of 20 MXN to 1 USD. ​All income requirements are AFTER TAXES.

Temporal/ Temporary Residency

  • Savings or Investments $43,220 USD
  • Or​
  • Income ~$2,600 USD

Permanente/Permanent Residency

  • Savings or investments of $175,000 USD
  • Or
  • Income/Pension of $4,350 USD

These amounts are not per person. If you’re a couple applying together, your spouse will need an additional $800 USD a month to qualify.

Keep in mind not all consulates have this new amount posted on their websites. Also, keep in mind this is a baseline and some consulates might have different requirements because they take the exchange rate at a different amount or because they have other factors they consider and don’t publish this either. But I am pretty certain these will be close to the new requirements.

Inflation affected the whole world including Mexico. Which is increasing their minimum wage by 20%!!! A huge increase. And is the reason for the spike in these income requirements.

If you’d like to start working with an immigration expert, please check out our Mexico Relocation Guide which includes step-by-step instructions to apply for residency and a full directory of professional contacts across Mexico you can work with.

Mariana Lange

Mariana Lima-Lange was born in Mexico and immigrated to the U.S. when she was a child. She spent every summer visiting family throughout Mexico and is very knowledgeable about Mexican culture, lifestyle, and traditions. She is fluent in both Spanish and English.

Reader Interactions

Comments

  1. Karen Parks says

    Do the new income requirements for residency apply to everyone or are there different requirements for retired people and younger people who have not reached the retirement age?

    Thank you!

    • Mariana Lange says

      Great question. They apply to everyone regardless of age

  2. Patti Howes says

    Hi Mariana! Thank you for for all the helpful information about Mexico you share with us about relocating to Mexico.
    With a temporary visa, do you have to re qualify financially when you renew every year?
    What is required to convert from temporary to permanent residency-is it pretty straightforward?
    We are planning a scouting trip for March, is there any benefit to applying for temporary residency before we go, or will the 6 months tourist visa suffice?
    Gracias in advance for your reply!

    • Mariana Lange says

      Hi Patti!
      My pleasure.

      -No- once you become a temporary resident you don’t have to show financials again to renew.
      -All the information on converting from temporary to permanent residency is laid out in an easy to follow plan in our Mexico Relocation Guide https://mexicorelocationguide.com/guide/
      Including contact information for our recommended immigration facilitators around Mexico.
      -You can absolutely get your residency at the same time as your scouting trip. Our relocation tours are a great solution for you https://mexicorelocationguide.com/tours/

      Thanks!
      Mariana

  3. Ronald Greene says

    I sent an email to the
    CONSULADO GENERAL DE MÉXICO EN LOS ÁNGELES requesting the amount in U.S. dollars I would need to qualify for both temporary and permanent residency in Mexico. I sent the email around the second week of December 2021. Just before Christmas I received a reply, but the reply did not give me any information on the amount of income that I would to prove. The reply only stated that I would have to get an appointment at the consulate, after January 1st, 2022. I sent an additional email, again requesting information on the dollar amount to I would need satisfy the solvency requirement. The income information was not listed on their website. Is this common?

    • Mariana Lange says

      Yes. Very common.

      Things are changing very quickly within immigration and that includes the consulates. So sometimes you will get an answer, sometimes you will not. And sometimes you will get one answer, and then a different employee might give you a different answer.

      The last email I received from the Los Angeles Consulate stated I need the following income requirements
      USA Bank Statements with a minimum monthly ending balance of $42,500.00 USD of the last 12 months (One document per every single month (JAN 2021-JAN 2022); or

      Fideicomiso in original and current appraisal under ONLY applicant name with a value of $6,914,800.00 Pesos

      ONLY PENSIONIST (RETIRED) 60 years old(SOCIAL SECURITY BENEFIT PAYMENTS).

      Proof of USA pension with a minimum monthly income of $2,600.00 USD of the last 6 months (One document per every single month)
      Note: If you receive a pension we need the SS benefit letter and the bank statements of the last six months where the deposit is shown under your correct name

  4. phil bates says

    can you email me your list of hotels with mailing address and phone # for your trip to lake chapala i would like to look into them thank you phil

  5. Scott Somley says

    Is every consulates monthly requirement different as previous????

    • Mariana Lange says

      Hi Scott
      Yes- every Mexican Consulate may have a slightly different income requirement than the one I published. Unfortunately, every Mexican Consulate abroad tends to operate a bit independently.

      Mariana

  6. kaley says

    Hola! Can my adult partner count as my dependent? Grasias!

    • Mariana Lange says

      Yes- but You would have to be legally married. Talk to an immigration facilitator for specifics on your situation

      Mariana

  7. Kathy Franklin says

    Does my house in Tennessee, fully paid for, count as an investment? I have $80,000 in savings before the sale of my house just before i sell It to come to live with my sister in Celestún. My monthly pension is $2484 per month. I want to be a permanent resident. I hope my house which will be sold for $350,000 counts as an investment

    • Mariana Lange says

      Your $80k in savings should be enough for temporary residency assuming you have at least that balance for the last 12 months

  8. Barry P Grant says

    Hi Mariana…my wife (a Mexican citizen and married in Mexico) and I have lived in the US for the last 25 years… we are thinking about retiring to Mexico in the next 2-5 years… are the requirements for me to gain residency any less cumbersome (we would meet the income requirements) and how easy/difficult might it be for us to purchase a home?

    • Mariana Lange says

      Hi Barry!
      Great question. good news, because your wife is a Mexican National you do not need to provide financials and you can start the process in Mexico. You also immediately get temp residency for 2 years and are then eligible for permanent residency.

      If you want to hire a facilitator to help you through the process we have a directory of immigration facilitators in our Mexico Relocation Guide

  9. Catherine Laramee says

    Hello,
    Are the income requirements per person, or are they the requirements for a married couple? And savings as well?

  10. adriano siciliano says

    Hi there, My family and i are looking to relocate to mexico. so we are interested in getting our temporary residency. We currently live in Montreal Qc, Canada. And forsee ourselves moving to Playa del Carmen or Tulum area. We are looking for a immigration lawyer that can help us out with the whole process. Thanks

  11. C. Weinberger says

    Thanks for all of the great information.

    Quick question . . . my wife and I meet the savings requirements to apply for permanent residency, but, what can we do about getting a temporary residency permit for our 20 year old son? He is a full-time college student; so he doesn’t meet the monthly income requirement, and he hasn’t yet saved-up enough on his own to meet the temporary residency permit savings requirements?

    • Mariana Lange says

      He may be able to qualify as a dependent of yours- just depends on the consulate.
      If they allow it, you’ll likely need to prove an additional $1000 USD for your son

      If you need an immigration expert to help you, we have a directory of contacts in our online guide. https://mexicorelocationguide.com/guide/

  12. Shealene says

    Hey Mariana

    How much did the solvency increase between 2021 and 2022 if at all. I’m planning on applying in 2023 and I need an idea of how much it could go up. I’m in Canada and at the moment it is 55,655 for temporary residency savings with an additional 1,115 for each dependant. Thanks so much

    • Mariana Lange says

      The solvency increased 22% from 2021 to 2022 because Mexico’s Minimum wage increased 22%. That’s the most it has ever increased, but sorry no one knows how much it will increase in 2023. Or if it will increase at all.

  13. Victor Fakunle says

    Hi Mariana,

    Thanks for the info. It was really insightful. My wife and I are expats living in Shanghai, China, and we intend to retire in Merida.

    Can we use our employment income to meet the benchmark for the Permanent Residency? Or must it be via a pension?

    Secondly, can you recommend an immigration lawyer to help with the process?

    • Mariana Lange says

      Hi Victor.
      Glad the tips were helpful.
      You can use employment income- but it all depends on which Mexican Consulate you go to. Not sure about the Mexican Consulate requirements in your vicinity in China.
      Most Mexican Consulates in the USA will accept your employment income. And no you don’t have to be pensioned to be accepted. As long as you meet the financial requirements after taxes

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