In today’s uncertain economic times,it is more important than ever for retirees to make sure every dollar counts,but it is equally important for aging adults to be able to enjoy their so-called “golden” years without worrying constantly about money. Fortunately,you don’t have to give up on dreams of retiring in a warm,sunny,seaside destination. Mexico offers a lower cost of living coupled with a luxurious lifestyle,which means retirement money goes farther without sacrificing the modern conveniences of home.
In addition,Mexico boasts a rich culture,some of the world’s most beautiful beaches and a wide variety of standard amenities in all of its popular retirement havens. When you consider all of this,it’s really no wonder that Mexico is home to the largest number of U.S. and Canadian expats found anywhere in the world!
Of course,as is the case virtually anywhere,some living costs will vary in Mexico depending on where you live,but even in the most popular areas such as Cancun and Puerto Vallarta,you will not pay more for a fancy dinner than you do in an average U.S. or Canadian city. But when you add in the fact that medical care and property taxes are much lower everywhere in Mexico – regardless of how popular the destination may be – it becomes clear that even major resort areas will cost less for retirees.
On average,the cost of living in Mexico is about 30 percent less than it is in the U.S. and property taxes are so low they hardly matter. For example,a three-bedroom home with a pool can cost as little as a few hundred dollars each year!
When it comes to healthcare,Mexico’s national health plan is as low as $300 per year for one person,which includes care and medications. If you prefer private insurance,it can go up to between $500 and several thousand dollars each year,which is still likely to be less than what you would have to pay in the U.S.
Finally,the cost of food – both at supermarkets and dining out – is often much more affordable in Mexico,as is the cost of hired help. The bottom line? Retirees can live the high life in Mexico real estate on a modest budget. So what are you waiting for?