It’s no secret that Mexico is a popular retirement haven for ex-pats from around the world, but did you know that the cost of living is much less than what you will find in comparable U.S. coastal cities? In addition,Mexico is attracting record numbers of U.S. retirees, with numbers expected to soar from one million to five million in about a decade.
“A retired U.S. couple can live modestly in Mexico on $1,500 a month and quite comfortably on $2,500,” writes Kiplinger’s Money Power for the Chicago Tribune. “Many Mexican hospitals are modern, well equipped and considerably less expensive than hospitals in the U.S.”
Yes, it’s true - Mexico offers high-quality affordable healthcare, and most doctors and dentists have trained in various locations around the world, including the U.S. and Europe. Add to this the fact that, on average, costs are around 70 percent lower than what you would pay for an identical procedure in the U.S.,and it becomes easy to see why so many retirees are seriously considering making the move to Mexico.
“Mexico is a huge country where you’ll find just about everything you’ll need,” writes the Huffington Post. “It offers a low cost of living and Mexico doesn’t promote it much, but it offers a decent retirement incentive package and it’s easier to get a residence visa in Mexico than just about any other country.”
Close proximity to the U.S. and Canada, as well as to other destinations throughout the Caribbean and South America, is another benefit to retiring in Mexico. Its geographical location makes it easy to visit friends and family, while its infrastructure is both modern and innovative, which helps ex-pats stay connected with loved ones abroad. For example, ex-pat havens like Playa del Carmen,Tulum,Puerto Vallarta and Cabo San Lucas offer excellent cellular coverage and widely available high-speed Internet.
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“With its profoundly rich Indian and Spanish culture, its spectacular beaches and charming colonial hill towns, its real estate bargains and its proximity to the United States,Mexico is the undisputed number one destination for American retirees,” writes the AARP “Most of the country is safe and secure, especially resort areas and tourist destinations.”
Finally, one of the biggest reasons to consider retiring in Mexico is the investment potential and high value of owning real estate in popular destinations, such as the Riviera Maya,Puerto Vallarta, Cancun or Tulum. In fact, the New York Times recently reported that Americans now make up more than three-quarters of Mexico’s roughly one million ex-pats.