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A Journey Into Paradise

Mexico Named #1 Among Best Places to Retire Abroad

09 January, 2017

Mexico Named 1 Among Best Places to Retire

More more than 25 years International Living has been working to accurately rank, rate and publish the best places to retire abroad and the best countries for expats in the world, period. This year,Mexico has been named the top retirement destination for 2017, after being placed under the microscope and examined for its cost of living, retiree benefits, climate, healthcare and more.

“The winner this year has been constant,” wrote International Living. “For the past 14 years,[Mexico] has been ranked in the top 10 retirement destinations on the planet. And – for the fifth time – it takes the top spot in our Annual Global Retirement Index.” 

This year, International Living says the process is more streamlined and accurate than ever, having brought a wealth of new categories and considerations into play,along with new data, more and better questions and a larger number of expat participants.

“There’s a reason over 1 million Americans call Mexico ‘home,” wrote International Living. “Mexico has always offered…the easiest transition to expat life around: Low-cost,conveniently close, friendly locals and plenty of expats – Mexico offers an appealing balance of exotic foreign culture and familiar First-World lifestyle.” 

In fact, International Living reports that increasing numbers of longtime expats from around the world who have lived in Belize, Costa Rica and Ecuador, along with other places often considered among the best countries for expats, have been moving to Mexico in recent years. One reason has already been mentioned – the cost of living,which has gotten even better with the weakening of the peso against the U.S. dollar in recent years. Today, $1 USD will purchase around 50% more pesos than it did in the recent past – which also happens to be great news for anyone interested in luxury condos and other types of Mexico real estate.

In addition,expats can get world-class healthcare while living in Playa del Carmen,Tulum and many of Mexico’s other top expat havens, typically for about one half to one third of the price it costs at home. There are first-rate hospitals with English-speaking doctors throughout the country in every major city and even paying by cash at private facilities is affordable in Mexico, costing a fraction of what you can expect to pay in the United States.

“English is widely spoken in popular expat spots like Lake Chapala and the Riviera Maya,” wrote International Living

Of course, its proximity to the U.S. is another major factor in ranking Mexico as one of the world’s best countries for expats. Location also helps Mexico’s ranking as the top spot among the world’s best places to retire abroad, making it ideal for snowbird living and escaping the coldest winter days. If this sounds more appealing than a full-time move, keep in mind that luxury condos and other types of real estate in Mexico can also earn handsome rental income when you’re not in town.

Expats ages 60 and older who have become a legal resident and acquire real estate in Mexico are eligible for special retiree benefits via the government-issued INAPAM Card, which includes perks such as discounts on bus and airline tickets, medical care, museum entrance fees and more. 

“Recent changes in the law now provide an easier and faster path than ever to permanent Mexican residence,” wrote International Living

So,what are you waiting for? From the amazing lifestyle in Tulum and Playa del Carmen in the Riviera Maya just south of Cancun on the Caribbean Coast, to Cabo San Lucas, Puerto Vallarta and the Riviera Nayarit on the Pacific Coast, to San Miguel de Allende in the Colonial Highlands, there is something for every type of retiree in Mexico.

Want to know more about retiring in Mexico? Click here to download our Rethinking Retirement brochure now!

 

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Topics: Retire in Mexico Mexico

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