Cost of Living

Mérida, Yucatán, is one of the top retirement destinations in Mexico, especially for Americans and Canadians, for several reasons.

Many American citizens particularly enjoy living in downtown Mérida. They cherish the old colonial architecture that decorates the city streets and enjoy the convenience of having farmers’ markets, restaurants, and cultural events within walking distance.

Canadians, instead, loved the beach. Enjoy riding their bicycles to different places or enjoying the beautiful sunsets and walks on the beach.

All our expats, after surfing the web and looking for the right place to retire, have a question in their minds…

Will my pension be enough to live comfortably in Yucatan?

Retiring in Mérida, Yucatan, can be done on a budget, with a couple potentially living comfortably for around $2,000 to $3,000 per month, depending on your lifestyle.

Here is a list of the most common expenses when retiring in Mérida:

Mérida offers a lower cost of living compared to many other cities in Mexico, United States, and Canada.

Monthly Budget:

A couple can live comfortably on a budget of $2,000 to $3,000 per month, which includes housing, food, transportation, healthcare, and entertainment.

Additionally, you have the advantage of making your money go further every month because the Mexican peso is significantly lower compared to the US dollar and the Canadian dollar. This favorable exchange rate allows retirees to enjoy a higher standard of living and afford more amenities and luxuries.

Things to Budget For:

Consider budgeting for car insurance, home insurance, gas, electricity, internet, mobile phone, propane, television streaming services, groceries, dining out, health insurance and healthcare, rent or Fideicomiso fees if you own a home in the restricted area, home maintenance, and discretionary spending.

• Propane Gas

• Internet

• Cellular phone

• Gas

• Yearly Fideicomiso fees

• Auto Insurance