Cost of Living in Mexico: A Guide on Expected Expenses

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cost of living in mexico

Mexico houses some of the most stunning beaches in the world, breathtaking landscapes, mountains, and vibrant culture. However, this mesmerising country is more than just a tourist attraction. Mexico allures expats and international students from all over the world. If you are planning to move to this beautiful country, make sure you know its living expenses. So, in this blog, we will show you a complete breakdown of the cost of living in Mexico. You will learn about the various expenses in the country, such as transportation costs, monthly rent, utility bills, grocery princess, and more. So, let’s begin our discussion without any further delay. 

Why Choose Mexico to Study Abroad?

Studying in Mexico can be a very rewarding experience for international students. Here are some major reasons why you should study in this country:

Affordable Tuition: The average tuition fees in Mexico are lower when compared to other popular study-abroad destinations. 

Expand Your Cultural Horizons: Studying in Mexico is more than just academics. The diversified culture, rich history, and bustling cities of the country ensure a great learning experience for students. 

Comfortable Living Standards: Mexico offers a good quality of life and a welcoming environment, ensuring a comfortable and memorable studying experience. 

Also Read: Cost of Living in North Bay Ontario: A 2024 Guide on Expected Expenses

Cost of Living in Mexico

The average monthly expense for a family of four in Mexico is MX$ 42,309.1 without rent, while it is MX$ 11,694.4 without rent. Let’s understand in detail the average cost of living in Mexico:

cost of living in mexico: pie chart

Cost of Living in Mexico: Transportation

The transportation costs in Mexico are shown in the table given below: 

Price of a One-way Ticket for Local TransportMX$ 11.00
Regular Price of Monthly Pass MX$ 453.26
Cost of Taxi Start (Normal Tariff)MX$ 50.00
Cost of Taxi 1 km (Normal Tariff)MX$ 30.00
Cost of Taxi 1 hour Waiting (Normal Tariff)MX$ 151.56

Cost of Living in Mexico: Grocery Expenses

The table below lists the average grocery prices in Mexico:

Price of 1 litre Milk (regular)MX$ 26.31
Price of 1 kg Rice (white)MX$ 30.13
Price of Eggs (regular) (12)MX$ 43.21
Cost of Loaf of Fresh White Bread (500g)MX$ 45.45

Cost of Living in Mexico: Restaurant Costs

The table below demonstrates the average restaurant costs you can expect to bear in the country:

Price of Meal at an Inexpensive RestaurantMX$ 160.00
Price of Meal for 2 People, Mid-range Restaurant, Three-courseMX$ 700.00

Cost of Living in Mexico: Utility Costs

Here are the average utility expenses in Mexico:

Basic Utility Cost (Heating, Electricity, Cooling, Water, and Garbage) for 85m2 ApartmentMX$ 1,182.90
Monthly Plan of Mobile Phone with Calls and 10GB+ DataMX$ 430.00
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)MX$ 518.00

Cost of Living in Mexico: Housing Costs

Have a look at the housing expenses in the country: 

Monthly Rent for a 1-bedroom Apartment in the City CentreMX$ 11,748.27
Monthly Rent for a 1-bedroom Apartment Outside of the CentreMX$ 7,817.57
Monthly Rent for a 3-bedroom Apartment in the City CentreMX$ 22,058.77
Monthly Rent for a 3-bedroom Apartment Outside of the CentreMX$ 14,732.62
The price per Square Meter to Buy an Apartment in the City CentreMX$ 34,704.43
The Price per Square Meter to Buy an Apartment Outside of CentreMX$ 23,328.51

Average Tuition Fees in Mexico

Now that you know the cost of living in Mexico let’s look at its cost of education. See the table below to learn about the average tuition costs charged by the universities in the country.

Average Annual Tuition Fees for Undergraduate CoursesMX$ 0 to MX$ 16,997.39
Average Annual Tuition Fees for Postgraduate CoursesMX$ 18,467 to MX$ 184,701.50
Average Annual Tuition Fees for PhD CoursesMX$ 0 to MX$ 184,701.50

Also Read: Cost of Living in Rotorua New Zealand: A 2024 Guide on Expected Expenses

Things to Know When Moving to Mexico

If you have finally decided to move to Mexico, then check out some important things you need to know about the country beforehand: 

Lower Cost of Living: The average cost of living in Mexico is lower than other popular destinations for expats. You get to experience a comfortable life here without breaking the bank. 

Welcoming People: Mexico is known for its friendly people and generous hospitality. So, living here won’t let you feel like you are far from home. 

Great Culinary Scene: Mexico is a paradise for food lovers, providing various delicious and diverse food items. Some of the most popular delicacies in the country are classic tacos al pastor, pozole, refreshing tequila, and aguas frescas. 

A Lot of Things to Do: Mexico houses various stunning attractions that you should visit, such as El Salto Canyon & Waterfall, Cozumel National Marine Park, Land’s End, and Los Arcos National Marine Park. 

Relevant Reads:

Cost of Living in Breda Netherlands: Per Month Living Cost for International StudentsCost of Living and Top Reasons to Live in Thames, NZ
Cost of Living in Graz for International Students: A 2024 GuideCost of Living in Tula: A 2024 Guide on Expected Expenses
A 2024 Guide to Cost of Living in Kitchener Canada for International StudentsCost of Living in Wakefield, UK for International Students

FAQs

Q.1 How much money do you need to live comfortably in Mexico?

Answer: You need about MX$ 10,208.92 to MX$ 34,029.74 to comfortably live in Mexico.

Q.2 Is Mexico cheaper than India?

Answer: No, the average cost of living in India is 55% less expensive than in Mexico. 

Q.3 Is Mexico a rich or Poor country?

Answer: Mexico is a developing country, with a booming economy. 

So, this was all about the cost of living in Mexico. Many Indian students dream of pursuing education in foreign nations due to the exposure and career growth they offer. Consider joining a free counselling session with Leverage Edu if you plan to study abroad

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