An increasing Americans, Canadians and Europeans are opting to move or retire abroad for many different reasons, but more expats of all ages are opting to settle in Mexico than ever before, thanks to the lower cost of living and excellent real estate prices, safety, affordable healthcare and overall amazing lifestyle. In fact, Mexico is also one of the safest places for expats who wish to move abroad.
“Just as you would need more specifics about location when considering crime rates in a U.S. city, the same holds true for Mexico,” wrote TheStreet. “Our contributors in the well-known expat areas like Cabo San Lucas, Puerto Vallarta, Ajijic, San Miguel de Allende and the Yucatan areas like Cancun and Merida, [as well as the Riviera Maya region] report that they feel safe from violent crime.”
Advantages of living in Mexico include:
- Close proximity to the U.S.
- Excellent healthcare in popular expat havens, often rivaling the U.S. for a quarter of the cost.
- Gorgeous tropical beaches and moderate highland climates.
- English-speakers abound.
- World-class shopping and cuisine.
- Low cost of living (you can even afford a housekeeper!)
A recent report by Forbes also reveals that Mexico emerged as a top choice for expats who are interested in retiring abroad in 2017.
“Mexico was among International Living’s Top 10 Countries for Entertainment and Amenities, but also had impressive scores in every other category,” wrote Forbes.
In fact, this year Mexico knocked Panama out of the number one spot among International Living’s Top 10 Countries to Retire Abroad, in large part because you can actually live very well in Mexico for a few thousand dollars a month – especially compared to what that amount will get you in the United States and Canada!
“It’s close to the U.S., the locals are friendly, English is widely spoken in popular retiree spots, the expat community is large (more than 1 million Americans live there), health care is affordable and high quality and the culture and lifestyle are fantastic,” wrote Forbes. “And after becoming a legal resident, retirees over 60 can grab special discounts on airlines, restaurants, groceries and medical care.”
In addition, the U.S. dollar now buys nearly 50% more pesos than they did just a few years ago. The bottom line? Mexico offers the best and easiest transition to expat life that retirees will find anywhere in the world. Add to all of this the fact that buyers can also get their best return on investment in Mexico, along with the fact that many investors are now buying real estate with an IRA account, and it’s easy to see why this popular vacation destination is fast becoming one of the world’s most sought after expat havens.