UPDATED EXPENSE INFORMATION: 10/10/16
Exchange Rate Used: 18.5 pesos to 1 USD
I frequently receive emails from readers of the blog asking me for detailed information concerning our monthly expenses here in Mexico.
It is important to point out that Mexico is a large country and the cost of living can vary significantly from one area to the next. We live in a popular tourist destination along the coast of the Riviera Maya, so the cost of living is significantly higher here than many other parts of Mexico.
We live on a fixed income, which causes us to carefully track all expenses on a daily basis. That made it easy for me to collect the data for this post.
Monthly Household Expenses
- Water / Sewer: $134.86 pesos ($7.24 USD)
- Gas (for water heater and stove): $318.99 pesos ($17.24 USD)
- High Speed Internet (Telmex): $389.00 pesos ($21.02 USD)
- Electricity *: $2,044 pesos ($110.48 USD)
- Water Delivery: $140 pesos ($7.56 USD)
- Cable TV (Sky): $603.00 pesos ($32.59 USD)
- Monthly Homeowner’s / Maintenance Fees *: $3,276 pesos ($177.08 USD)
Section Total: $6,905.85 pesos ($373.28 USD)
* Electricity can be expensive in Mexico. Since we just went through the hottest months of the year, that category was higher than normal. During the cooler months, our bill is cut by half.
* The homeowner’s fees are very reasonable for everything that we get: access to the facilities at multiple resorts on the property; beach access; daily yoga classes; 24 hour security; double gated community; gardeners; gym; the buildings are painted on a continual rotation; and the common areas are scrubbed and cleaned daily.
I am very impressed with both the cost and quality of the private medical care here in Mexico. The affordable costs make it possible for us to pay for most things out of pocket without insurance; however, we obtained insurance to cover major medical procedures and accidents.
The price below was recently quoted by an insurance company for the two of us:
- Expat Medical Insurance: $3,663 pesos ($198.00 USD)
- Car Insurance: $916 pesos ($49.95 USD)
Section Total: $4,579 pesos ($247.51 USD)
If you want more information about the cost of medical care in my area, check out A Look At the Costs of Medical and Dental Treatment.
- Two Cell Phones (unlimited calls / texts to the U.S., Mexico and Canada): $343.96 pesos ($18.59 USD) Learn more
- Gasoline: $1,381 pesos ($74.64 USD)
Section Total: $1,724.96 pesos ($93.24 USD)
As long as you do not insist on only using products imported from your home country, grocery shopping is relatively inexpensive.
If you want to do some price comparisons on your own, check out Do You Want to Know What Things Cost Before Moving to Mexico?
We go out to eat most of the time. We are fortunate enough to live in an area with a wide range of restaurants to choose from. When we need to save some money in order to stay on budget, this is where we make our adjustments.
Low End: An entire roast chicken meal for two with corn tortillas and sides will average us $140 pesos ($7.56 USD).
High End: A fine dining experience with drinks on the beach will average us around $900 pesos ($48.64 USD), including the tip.
Note: Many restaurants in tourist areas will give local residents a discount of up to 20%.
Let’s Wrap This Up
Our monthly expenses –without grocery shopping and eating out — average $13,209.81 pesos or $714.04 USD.
When we lived in the U.S., we had a house and a car that we owed money on. We sold both and used the money to buy a condo and a car outright in Mexico. That allowed us to significantly lower our monthly expenses.
Readers interested in moving to this part of Mexico often contact me to request additional information about where we live. Although I don’t want to include the name of the development in the post itself, I will share the information on an individual basis. You can contact me via the Contact Page.
If you are curious as to why we chose this part of Mexico (Akumal), check out Why We Live Where We Do in Mexico.
Author: Qroo Paul