How low is the cost of living in Mexico?
Crystal clear waters, miles of white thin sand, and year round warm temperatures, it’s hard to believe that the cost of living in the Riviera Maya is so affordable. It is said that living in the Riviera Maya, Mexico is around 40% less than in the U.S, Canada and Europe.
The sand of Riviera Maya
The Riviera Maya is a stretch of white sandy coastline, roughly 200 km long, starting north of Cancun all the way to Tulum, offering incredible pieces of Riviera Maya and Tulum real estate. Cancun, located at the most northern point, is the entry point to most of the Riviera Maya, with the second most transited airport in Mexico.
Little magic towns in the Riviera Maya
Playa del Carmen is the halfway point, roughly 60km south of Cancun, once a tiny fishing village it evolved into a hippie-modern town and today is a sophisticated small town combining this hippie-modern style with luxury trendy lifestyle, in Playa del Carmen real estate you will find a great variety of condos, houses and commercial spaces with very attractive prices. Tulum is the most rustic yet hippie-chic of the three. With bikini-clad women riding their bicycles, to models and movie stars taking a break along the eco-friendly beaches.
Although the Riviera Maya is mostly known for these three destinations, there are many more tiny towns and beaches that line the Riviera Maya, you will also find great options in real estate Puerto Aventuras and real estate in Puerto Morelos Mexico.
The economy in México
How is then, that living on this pristine stretch of the Caribbean ocean is so cheap? First we need to consider that the Mexican economy wasn’t all that affected by the recession that most countries are going through, with its steady stream of tourism and recent recognition as one of the best countries to invest in, the economy has been very stable.
Renting or buying Mayan riviera real estate might seem out of your reach but property and cost of living here is more affordable than in the US. Being a small city, you can find condos in playa del Carmen that are just a few blocks from the beach for great affordable prices.
Just a short walk and you’ll be at the beach, enjoying the sun and sand, not a bad way to spend your days Utilities such as water and gas tend to be a stable monthly bill of about $10USD, where electricity can vary month to month, and this might be your only expensive bill. Local markets are filled with local organic fruits and veggies, both healthy and cheap, and if on the off chance you can’t find what you’re looking for, the big chain supermarkets will have if for a few more pesos.
Health care is also very cheap in Mexico, a doctor’s appointment at a private clinic costs around $45USD, since most Mexicans do not have medical insurance, doctors are more considerate when it comes to costs. The hospitals are very modern and up to date, and most if not all of the staff are bilingual and very prepared.
The following website provides accurate comparisons between the U.S and Mexico, showing the costs of transportation, rent, utilities, etc.
So if you are thinking in buying Mayan Riviera real estate and moving to a seaside quaint, Caribbean town, the Riviera Maya is an amazing and very affordable option!
Greetings from the tropical waters of the Riviera Maya!