Thursday, January 27, 2011

Cost of Living in Mexico

Your home purchase will be thee biggest investment you will make and should be taken very seriously. The choices you make will determine not only the quality of life your family will enjoy "at home", but will make a significant difference with "return on investment“. Here we will talk about a few examples of why Mexico is a good investment for you and your family and once you make that decision we will show you that Mexico will be dramatically less expensive in numerous ways.

The cost of living in Mexico is lower than that of the US, Canada and Europe, especially for items that are produced locally. The good news is that this includes most product categories such as food, furniture and transportation. Additionally, if you are resourceful and patient enough to look for the right place and right items, i.e., if you avoid Gringo targets and tourist traps, most products are incredibly affordable. Despite the low cost of living, Mexico supports the 11th largest economy in the world. Areas in Riviera Maya remain among the most attractive in Mexico.

Inevitably, as a gringo living in the Yucatan, you will probably own a pet or rescue one. There are few of us who are able to live here without adopting a homeless dog or cat, and many of us bring our furry friends when we make the big move to Mexico.

How Much Will It Cost? 
Prices are unregulated, though, and may vary even within a community. On the low side here are services that may be provided by Canada’s veterinary (teaching hospitals). 
Annual checkup (examination and distemper-rabies shot) $55-$100 / Mexico $280 Pesos 
Overnight hospital stay $36-$70 / Mexico $170 Pesos 
Spaying
Medium dog (10-20 kg) $145-$220 / $1700 Pesos
Cat $98-$175 / $1300 Pesos 
Neutering
Medium dog (10-20 kg) $125-$190 / $1400 Pesos
Cat $64-$113 / $700 Pesos 
Teeth cleaning (cat) $270+ / $1200 Pesos

Maids in Mexico
One of the first things foreigners notice when they arrive is the amount of maids and chauffeurs their friends have working for them in Mexico. Most expatriates are not used to having domestic help, especially not with live-in maids, for example, so most of them will find this new experience a pleasant change, although it could also prove to be a trying one if you only speak english. Nevertheless, the advantages of having domestic help outweigh any language barriers. 

Beside their main work, they can be invaluable in providing security by keeping the house occupied, they can take care of daily chores such as babysitting, taking care of pets, answering phones and other daily tasks which may need attending to while the home owner is absent. Prices vary in US and Canada but for most maid services expect to pay about $25-$35 per hour of work. In the Riviera Maya you will only be expected to pay $200 Pesos for 3-5 hours of work (including your laundry if you want). Talking to X expats that for what ever reason had to move back to their home country always express the same thing and that is how nice it was to not have to clean everyday.

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