Overview of the Pros of Retiring in Mexico

Without a doubt, there are many reasons to retire abroad. The five most common destinations for retirees looking to begin their second act are Belize, Panama, Thailand, Malaysia, and Mexico. Here’s why you should consider adding the Latin American country of Mexico to your retirement list.

The Cost Of Living Is Lower In Mexico

According to the 2020 cost of living comparison by InternationalLiving.com, retirees can enjoy a comfortable lifestyle in Mexico for about 60% less than in the United States. In major cities like Mexico City and Guadalajara, you can find quality apartments starting at just $500 a month, and groceries, restaurant meals, and entertainment costs are also much lower than in the States.

Mexico Is A Culturally Rich Country

From ancient ruins to bustling metropolises, Mexico is home to an astonishing range of cultural experiences. From traditional villages where time seems to have stood still for centuries to world-famous festivals and celebrations, there is always something new to explore. Also, Mexico’s long history and strong indigenous traditions make it a unique and interesting place to retire.

The Weather is Ideal for Retirees

Mexico boasts some of the best weather in the world, with average temperatures ranging from the low 70s to the mid-80s year-round. This makes it an ideal retirement destination for those who want to avoid cold winters and scorching summers. In fact, many retirees report that they never need to use heating or air conditioning in their homes, thanks to Mexico’s balmy climate.

Healthcare is Excellent and Affordable

Mexico has a well-developed healthcare infrastructure, with quality hospitals and clinics. In addition, the cost of medical care is much lower than in the United States, making it a wise choice for retirees on a budget. Meanwhile, many clinics and hospitals provide retirees with discounts for foreign retirees.

Healthcare is Affordable and Good Quality

Mexico has high-quality, affordable healthcare, with private hospitals and clinics available in most major cities. And, because Mexico is a popular destination for medical tourism, you can often find excellent deals on treatments and procedures. Meanwhile, the doctors, nurses, and staff at these medical centers treat foreign retirees with discounts and special attention because of the money they bring to the local economy.

Mexico is a Peaceful Place for Retirees to Live

With its thriving cities and peaceful villages, lovely beaches, and picturesque coasts, Mexico really does offer something for everyone. It even topped the list of the world’s “10 safest places to retire” in 2019, according to International Living. So, if you’re looking for a relaxed and worry-free retirement, Mexico is a great place to call home.

Cons

It Is Not As Safe As the United States

While Mexico is certainly not as dangerous as some of its Central and South American neighbors, it is still important to take precautions when traveling or living in the country. Petty crime, such as pickpocketing and theft, is common, so it is important to keep your belongings close and aware of your surroundings.

The Cost Of Living Can Be High

Compared to some other Latin American countries, living in Mexico can be quite expensive. Healthcare and food costs are particularly high, so those on a fixed income may find it difficult to live comfortably in Mexico. More so, the peso is not as strong as the dollar, so retirees may find that their money doesn’t go as far as they anticipated.

The Infrastructure Is Poor

Mexican roads are often in disrepair, and the public transportation system is unreliable and uncomfortable. This can make getting around difficult, especially if you are not used to Spanish. Also, the electrical and water systems can be unreliable.

It Can Be Difficult To Get a Visa

 Retiring in Mexico is not as easy as retiring in other Latin American countries. In order to obtain a visa, you will likely need to prove that you have enough income to support yourself, and you may also be required to show that you have health insurance.