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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

Keep in mind not all consulates have this new amount y 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?

  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

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