Residency in Mexico Financial Requirements By Consulate

Here are some updates on the Mexico residency visa income requirements.

Each Mexican Consulate Has Its Own Requirements

Perhaps one of the most frustrating parts of the residency process in Mexico is that every Mexican Consulate has its way of doing things.

Some Mexican Consulates want you to book your initial appointment by email. At the same time, others may only accept appointments through Mexitel.

In addition, every Mexican Consulate seems to have its own residency requirements for financial solvency. It’s hard to keep up with and sometimes impossible to find this information. And it’s hard to give you a blanket answer for how much income you’ll need to qualify for the Mexico Residency Requirements.

Learn How to Move to Mexico and Have a Better Life for Less! Check out our Complete Mexico Relocation Guide.

So here is my research, and I want to share it with you!

The following information is broken up by city and the amount needed for Temporary Residency through monthly income or savings.

The right two columns highlight Permanent Residency through monthly income or Permanent Residency through savings. N/A means I don’t have their information, or they have not responded to me.

You only need to prove one, not both. Income requirements are NET- or after taxes. However, the consulates ultimately look at your balances from your bank statements. All income requirements are listed in USD unless noted otherwise. All numbers have been rounded up to the nearest dollar.

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Mexico Residency Requirements By Consulate

If the section for a specific consulate is not on this list, I do not have their requirements at the moment😉 It doesn’t mean they do not take applications. While we do our best to give you the most up to date information, you should verify the solvency requirements with the Mexican consulate you are applying in, at the time you are ready to apply- Some of these amounts can vary on the date of your appointment depending on the exchange rates.

CITY Temporary Residency
6 Months Income
Temporary Residency
12 Months Savings/Investments
Permanent Residency
6 Months Income
Permanent Residency
12 Months Savings/Investments
Albuquerque 2025$4,140$69,010$6,910$276,040
Atlanta 2025$4,182$69,700$6,970$278,800
Austin 2025$4,182$69,700$6,970$278,000
Boise 2025$4,400$73,300$7,300$293,400
Boston 2025$4,200$70,000$7,000$279,000
Brownsville 2025$4,020$66,960$6,700$268,000
Calexico 2025$4,078$67,967$6,797$271,868
Chicago 2025$4,294$71,572$7,157$286.291
Dallas 2025$4,214
Del Rio 2025$4,020$66,960$6,700$268,000
Denver 2025No Monthly income Savings/investments only $6,531$300,000
Detroit 2025$4,346$72,447$7,270$289,791
Douglas 2025$3,734$62,233
Houston 2025$4,394$73,235$7,324$292,941
Indianapolis 2025$4,414$73,565$7,357$294,261
Kansas City 2025$4,182$69,700$6,970$278,800
Las Vegas 2025$4,084$68,066$6,806$272,270
Little Rock 2025$3,649$60,646
McAllen 2025$4,111$68,501$6,850$274,005
Miami 2025$4,049$67,480$6,748$269,921
Milwaukee 2025$4,182$69,700$6,970$278,800
Nogales 2025$4,120$68,370$6,970$278,800
New Brunswick 2025$4,200$70,000$6,950$280,000
New Orleans 2025$3,730$62,234$7,322$292,858
New York 2025 $4,200$70,000$7,100$280,000
Oklahoma 2025$4,068$67,802$6,780$271,206
Omaha 2025$4,049$67,480$6,748$269,921
Orlando 2025$4,393$73,215$7,321$292,859
Oxnard 2025$4,000$70,000$7,000$275,000
Philadelphia 2025$4,422$74,000$7,369$294,766
Phoenix 2025$4,321$72,016$7,202$288,062
Portland 2025$73,647$7,324$292,941
Presidio 2025$4,393$73,215$7,321$292,859
Salt Lake City 2025$4,392$73,000$7,300$292,859
Santa Ana 2025$4,300$73,000$7,300$292,00
San Diego 2025$4,025$67,084$6,708$272,000
San Francisco 2025$4,081$68,015$6,800$249,119
St. Paul 2025$4,410$69,450$7,350$367,650
Tucson 2025$4,078$67,967$6,797$271,868
Washington DC 2025$4,300$73,000$7,300$280,000
Yuma 2025$3,900$62,500$6,400$249,500
CANADA
Calgary 2025$6,160 CAD$102,671 CAD$10,289 CAD$411,565 CAD
Leamington
2025
$6,173 CAD$102,891 CAD$10,289 CAD$411,565 CAD
Montreal 2025$6,160 CAD$102,671 CAD$10,672 CAD$410,685 CAD
Ottowa 2025$6,173 CAD$102,891 CAD$10,289 CAD$411,565 CAD
Toronto 2025$6,915 CAD$115,238 CAD$11,525 CAD$460,955 CAD
Vancouver 2025$6,173 CAD$102,891 CAD $10,289 CAD$411,565 CAD
EUROPE
Barcelona 2025€4,036€67,300€6,730€269,113
UK 2025£3,418£56,967£5,697£227,866
Frankfurt 2025€2,478€67,400€6,634 €265.375
Please consider that these numbers can vary slightly at the time of your appointment based on current exchange rates- You should verify the requirements with the consulate you are applying in. © 2025 Mexico Relocation Guide LLC. All rights reserved. All content and services featured on Mexico Relocation Guide are managed and advertised directly by their respective owners. All text, images, videos, and website design are copyright © Mexico Relocation Guide. Reproduction, distribution, or use of any content without prior written consent is strictly prohibited and subject to U.S. and Mexican copyright laws. Any use of Mexico Relocation Guide content to contact advertisers for unsolicited marketing or promotional offers is expressly forbidden.

Temporary & Permanent Residency Requirements

Each consulate is supposed to use the same formulas, which I share with you below. However, all consulates have a level of autonomy and may have discrepancies in their requirements either because they don’t use the same exchange rates because of the current minimum wage in Mexico or something else.

These are based on a 2025 minimum wage of $278.80 and an exchange rate of 20 MXN to 1 USD.

Solvency Requirements for Mexican Temporary Residency

For temporary residency, the following formula is used, and we have an approximate amount in USD based on an exchange rate of 20 MXN to 1 USD.

Monthly Income Requirement
  • Formula: 300 x daily minimum wage
  • Total in USD: Approximately $4,083 + USD per month
Savings Requirement
  • Formula: 5,000 x daily minimum wage
  • Total in USD: Approximately $68,066 USD

Solvency Requirements for Mexican Permanent Residency

For permanent residency in Mexico, the economic solvency requirements are typically higher. Using a daily minimum wage of $278.80 MXN and an exchange rate of 20 MXN/ 1 USD, here are the updated totals:

Monthly Income Requirement
  • Formula: 500 x daily minimum wage
  • Total in USD: Approximately $6,806 + USD per month
Savings Requirement
  • Formula: 20,000 x daily minimum wage
  • Total in USD: Approximately $272,270 + USD

The income requirements vary by consulate and are NET (after taxes).

While we update this page consistently, it is still your responsibility to check with your local consulate for accurate requirements because sometimes consulates change their requirements mid-year, or if the exchange rates fluctuate, they might also affect the income requirements.

Family Members

If you have direct economic dependents (spouse, parents or children) you must prove the family bond with a marriage license and or birth certificate and prove financial solvency for them by adding 100 days of the current general minimum wage in Mexico City. The current 2025 minimum wage is 278.80 MXN x 100= approx. $1400- $1500 USD

For spouses you need to prove you are legally married with a marriage certificate. You can also petition for spouses and other family members without having to prove economic solvency if you apply in Mexico at Mexican Immigration (INM), after receiving your residency card.

Discrepancies Between Consulates

Every consulate operates differently. For example, some consulates want you to be over 60 or draw a pension or social security to grant you permanent residency.

Every consulate operates differently. For example, most consulates want you to be over 60 or draw a pension or social security to grant you permanent residency.

Another nuance is some consulates that require a letter from your employer stating you will continue working in Mexico while you live in Mexico.

Other Considerations For Residency in Mexico

Another thing you should keep in mind is that my table doesn’t include qualifying for residency through Mexican homeownership.

It’s another way to obtain a Temporary Residency if you can prove to a Mexican Consulate that your property in Mexico is worth at least ~$587,000 USD or 40,000 days times the minimum wage in Mexico ($278.80 MXN daily in 2025).

But I didn’t include it because, in my experience, only a couple of Mexican consulates accept this as the sole way of qualifying for residency in Mexico.

This page is a high level overview of the financial solvency requirements for Mexican Residency. If you would like more details, the entire process is explained in our COMPLETE Mexico Relocation Guide. I highly recommend it to save you hundreds of hours of research to figure out the most important pieces of your move to Mexico.

How I Gathered This Info

I’ve contacted a variety of Mexican Consulates and have also combed a lot of Mexican Consulate websites. I either emailed them or called them.

I added them to this chart if they replied to me via email with their Mexico residency requirements. If they shared that information over the phone, I added it to this chart. And if the income requirements were updated on their site, I added them to this chart.

To help you determine if you are eligible for residency, these are some of the top consulates for which I have gotten income information.

Also, keep in mind that these income requirements change every year. These are the income requirements for 2025. If you qualify for residency today but might not qualify next year, I encourage you to start your residency process sooner rather than later.

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If You Need An Immigration Facilitator

If you need an immigration facilitator recommendation, please check out our COMPLETE Mexico Relocation Guide.

In the online guide, you get a step-by-step plan to help you process your residency on your own, along with tips to help you avoid mistakes.

However, we know Mexican bureaucracy is hard to navigate on your own. And you may need additional help.

So, to help you even further, you also get our directory of recommended and vetted immigration contacts throughout Mexico. Some of them can help you make your consulate appointment for you. Some of them help you with the regularization program. And all of them can help you with the 2nd part of the process in Mexico, renewals, family unification, and change of address.

Immigration Fees

The fees for obtaining a residency visa at a Mexican Consulate will vary depending on which country you are living in. For 2025, the U.S. Fee is $54 USD, and the Canadian fee is $80 CAD.

When you finish your residency visa process in Mexico, there are additional fees you have to consider. Get the latest list of immigration fees in Mexico. The fees also change every year, and we update this page and all of our publications to reflect them.

We Need YOUR Help

If you have been in touch with a Mexican Consulate that has given you their income requirements for 2025 and that consulate is not on this list, please share that information with us.

But please remember I can only publish that information if you forward the actual email from the consulate. Hearsay is not reliable enough.

Thank you/Gracias!

Mariana Lange

Mariana Lima-Lange was born in Mexico and moved to the U.S. when she was a child. Every year she would split her time between life in the U.S. and Mexico- which gave her a deep understanding about Mexican culture, lifestyle, and traditions. She is fluent in both Spanish and English. Since 2019, our blog posts, resources, videos, and COMPLETE Mexico Relocation Online Guide have helped thousands move to Mexico the right way!