I have lived in Jocotepec, Jalisco for nearly nine years. I live by myself in a 2BR casita on the grounds of a very large home that used to be an orphanage. I am within one quarter mile of the western shore of Lake Chapala. My rent is three thousand pesos/month and my light bill is less than two hundred pesos every two months. My house has neither heat nor air conditioning. Neither is necessary. When I moved here nine years ago I was using insulin as well as Glucophage for type 2 diabetes. My diet here does not need a can opener. Many fruits and veggies are grown locally including all of the Dole and Driscoll berries that you pay big bucks for in the states. I had a real scare with low blood sugar a while back before discovering that I no longer needed insulin. I am seventy four years old and it is my plan to be shot by a jealous Mexican when I am one hundred years old@LOL
Thank you Roger for your post. Since you have been a resident of Jocotepec for nearly nine years, I would like to know if it is still possible to find rental places as yours and at that same price. I would also like to ask you, if you have the time, if you could share some other things that you like about living in Jacotepec. Thanks a lot! Patricia
So that means you are paying about $150.00 for rent and $10.00 electric bill if I am correct. I agree with concerning the improvement of your health due to people NOT eating processed foods and walking more. Good luck Sir.
@Roger Erickson Correction... THIS: "my plan to be shot by a jealous Mexican when I am one hundred years old@LOL" SHOULD BE: "my plan to be shot at by a jealous Mexican when I am one hundred years old@LOL" Good luck, lots of blessings, & thx for your info :)
Sorry, we have lived near Cabo San Lucas and the cost of living is low. Taxes? We pay less than$100 USD. We live in a casa which is a few minute walk to the Sea of Cortez beach that is spectacular. Where you eat matters. There are plenty of excellent Mexican restaurants, many serving sea food, for about $10 to $12. A meal you can easily pay $25 USD. Health Insurance? My family of three have 100% insurance, covers prescriptions as well cost? About $1,000 USD annual. We have solar and Mexico has solar discounts. We are billed every two months and are bill is typically $10 USD per month, hot months about $80 USD, and we run AC and have a large pool. Water bill about $70 USD per month. No, living in Cabo area is not like Phoenix- why? It is not that hot and there is no tropical breezes off ocean in Phoenix. Gas is costly. When you become 60 you can get an “ old man/woman card which gives serious discounts- half on property taxes, half on water bill and discounted travel MX airlines. So, the advice on this video is not totally accurate about living in Baja Sur. When you actually live in Mexico in a particular area you will find out how to live at a modest price. What to do? My suggestion go to a place in Mexico and rent a place for a few months, six months, or even a year. Then decide IF you like the area, want to try another place and like the lifestyle you have discovered you can live in Mexico. God bless.
hey I read your comments and I like Martin Here I will love to have communication with you if you don't have a problems with that ……..let me know and we can exchange emails one again thanks ...I live in san Jose California originally from Guaymas Sonora Mexico but I always like la Baja California .. martin Guevara
Martin Guevara, sure we can stay in contact. We have been to San Marcos, Sonora, , near your home city,Guaymas. We enjoyed our time there. After our time there we took the ferr across from Tompolabampo to La Paz. We live south of a puebla La Ribera north of the airport in San Jose SJD airport about an hour and twenty minutes. Our casa is about a 3 minute walk from the Sea of Cortez on a beach that looks like a Corona beer commercial - miles of unpopulated beautiful beach. There are allot of options in Mexico with different affordability all offering a rewarding quality of life. We are well integrated here with the community, we attend a bilingual church full of wonderful people. People are very friendly here and outgoing. Right now the great deal are fresh caught large shrimp at a terrific price. Martin, here is my Email talleyho9@msn.com
Are you outside Cabo or near San Jose or ? I was there June and found it costly compared to other Baja places but maybe you know a few special neighborhoods. Tell me more :)
Lynne AJ Lintot . Lynne, our casa is on the East Cape, Sea of Cortez, south of La Paz, north of Cabo Pulmo. We visit Cabo and San Jose. Both cities have places to shop that are reasonable plus restaurants. The cost of homes vary and you simply need to look long enough until you find what you like and you KNOW it is a good price. Get familiar with the market. That is true too for restaurants and purchasing food, ask where other people like to go in terms of quality, price and service? Leverage their experience to your advantage and then have the adventure of checking it our. Best regards,
My cost of living savings in Mexico is a lot more than 50%. Also my quality of life is way better. I started off in Cabo San Lucas but Americans really have messed it up and it is way too hot in the summer. Now I live in Chiapas where I have not seen a gringo in years and the climate in the mountains is perfect every day. I also like Colombia and Panama.
Mexico is awesome, besides all its problems, Mexico is a nice country where you can have agreat quality of life. All of you are welcome to this beautiful country. :)
If you want to save money in electricity in Mexico in a residential area, you can ask the CFE (Comision Federal de Electricidad) to install in your house TWO METERS, Why? because in Mexico the first kilowatts are subsidized and the more you spent after those kilowatts the more expensive will be the electricity (i do not remember how many kilowatts i think 400 kilowatts not sure) so after you past your subsidized limits in kilowatts in the first meter you switch to the second light meter, this way you will save a lot of money in your electricity bill, and the bill of the two meters will come in one bill at least you will save some money in utilities
He mentioned a figure $1300 USD per month, In Mexico would be Middle class income (yeah its that bad), rent would go for around $500 USD per month (a very nice place), expenses $500 is enough, you still have $300 for whatever you want.
Some one else showed a video stating you could live paying only 50 to a 100 bucks a month for rent in some nice places there !!! So which is it nasty expensive or nicely cheap !!!! Can you take $50'000 thousand dollars and only $1000 dollars of ss per month income and live like a king there and still save $$$ !!!
There are thousands of beautiful colonial towns all around Mexico one of them is Naolinco in the state of Veracruz Mexico. I plan in the near future living there. This town is in the mountains of the Sierra Madre near Xalapa city. And the good thing is that there are not expats living there yet once it is discovered the real estate prices are going up through the roof...
Jason Waite. Nicaragua may be super cheap,but also super poor without the infrastucure you will find in mexico,also poor internet service while in mexico internet is better than the U S.
Move to Puerto villarta. They are very accepting of expats. Medical care is great. They have Sam's Costco Walmart and mega. All the stores you need plus they are building super nice condos by the beach for around 200k.
Most senior citizens (who are retired and can afford to go live in another country) have a regular doctor back in the US who will see you quickly in case of emergency, and can afford a flight from Guadalajara or Cd MX.
I'll be good I usually make 150 to 300usd remotely per day I also have a dual citizenship and just want to have more options than in the US everything is expensive
Tim mentioned that Oaxaca was nice, "...despite its problems.' However, he did not elaborate what those problems were. Could someone provide some insight on this?
William, I think Tim was referring to the earthquake of several months ago. National Geographic just named Oaxaca to its best places to go in 2018 list.
Thank you! Yes...I subscribe to National Geographic Traveler magazine and just read the article on Oaxaca. I am going to fly to Puerto Escondido on 12/24/17 and stay in an Airbnb property. I am hoping to make it to Oaxaca City while there, but am not sure I will have the time in view of the other activities I would like to get to while in Puerto. Nevertheless, I am sure I will be delighted with all there is to see and do there! So far I have not located a video on living in Oaxaca on this channel...have I overlooked it? I will retire in four years and am looking hard at Mexico, although I have been reading about Panama, Nicaragua, and Ecuador too.
William, we will be adding Oaxaca to our list of cities we feature on expatsinmexico.com next year and will do an interview with an expat in Oaxaca then. If you're going to Puerto Escondido, check out our view with Terry Gusto, who lives there.
I live in Oaxaca been living here for 4 years use to live in santa cruz California , I think I found home here , it just has everything I would want including things I find in the U.S
Thank you Anthony! I had hoped that while I was in Puerto, I might be able to make a side trip and fly up to Oaxaca for one night. Not sure I will be able to include that....should probably just return another time and make Oaxaca the main destination. I am hoping to meet folks like yourself and find out about the process of becoming a resident in Mexico. Saludos!
I moved to Guadalajara in 95 because first I love with the city and also because was so cheap back then. A big city but not too populated. In 2010 I moved back to LA because everything as expensive as los Angeles and also too much traffic.
Rent can vary for a small place as low as 50 to 300 per month for most of Mexico. the Tourist areas and big cities will general be higher. I would say most in Mexico live on 200-500 per month. If one lives in Mexico on a social security check, general they will do very well. It helps if you do not have a car, you can walk or public transportation, you do not buy US products, you can speak some Spanish and best if you are friendly and can make friends.
John, not sure which part of the interview you are referring to, but Tim mentioned three places in Mexico where expats can get the most "bang for their buck" (besides Guanajuato): Lake Chapala, Cristóbal de las Casa (in Chiapas) and Oaxaca.
Cheap? Y yeah sure, try to live in Polanco area or Reforma norte, everything is so expensive, like $1000 US dollars just for rent! So it all depends where you want to live, but hey good luck to you all 👍
It's really not if you know what you're doing and avoiding all the touristy stuff or the super deluxe housing. You can get away without running too much air conditioning if you have a Pacific breeze. It's nothing like Merida or the Riviera Maya. Look into Todos Santos and La Paz, too. La Paz is a bit under the radar and there are some great real estate deals there.
You'll need about US$25,000 a year to get your temporary resident visa to live in Baja (www.expatsinmexico.com/mexico-immigration/), which should be enough to pay your bills if you have pay cash for your home.
Move to morelia you going to find the great food one of the best climate in the whole year the utilities like gas water rent electricity and all that for low price but the most important thing is the PEOPLE by the way I'm selling a propiedad i mean 🏠 or i can rent very close to the history center. So welcome to la ciudad de las canteras rosas pink stone City colonial y beautiful
Unfortunately, living in Mexico is no escape from U.S. taxes, Charles. The U.S. is one of two countries in the world that taxes its citizens no matter where they live.
@@charlesdavis7461 To elaborate... you only pay US taxes on US bases employment and investment income (except on Roth IRA/Roth 401k, in which case you prepaid the taxes and all growth and withdrawals are tax free after 59.5 years of age). The only Mexico taxes you will pay are embedded sales taxes, visa costs, temporary car import visa, and small things like that. If you get a job there, you will pay income taxes only on that income.
im thinking of moving to Mexico. .they say to go down and rent a nice place first until you find want to buy and i have a big question that i can't seem to get answered. .is renting a place in Mexico the same as renting in California such as do you have to pay first and last and maybe deposit to get in an apartment in Mexico. .or is in as easy as pay your first month and your in...??? if someone nows please help...
William, it depends on who you are renting from but generally it works the same. If you are renting from an expat, you will pay first, last and have a deposit. Not always with a Mexican landlord.
william cantrell it really depends on the landlord or real estate agency so there is no golden rule for everyone. The best deal is one month for deposit and the first month in advance and you can move in. The usual is two deposits and the first one. If they ask you for anything else they are ripping you off.
It may vary a bit, but everything is usually included in tourist areas and better security in tourist neighborhoods with lots of expats. You can get a Native Style home for less and especially if they are adjacent to tourist areas - I'd stay close to transportation and perhaps a short walk to areas you prefer to frequent. Labor costs are considerably lower for auto repair and services that involve labor. If you paid 95/hr. for an auto mechanic, you'd likely pay 20/hr. rate in Mexico.
Rent is ok but buying in Mexico is not cheap. Also hard to get legal property in Mexico. They will screw you and you will never know. 11 years down there.
Buying a home in Mexico is not difficult, the cost of a home like any where else depends upon where you want to live...here is a good article with accurate information from a top expat realtor in Puerto Vallarta: www.expatsinmexico.com/buying-a-home-in-mexico/
dog town,"that will never happen to Mexico" never say never. Have you ever heard the Latin term IPSE DIXIT logical fallacy? That totally describes your above comment. Communism destroyed the USSR. Comunism destroyed Cuba's economy. Comunism destroyed North Korea's economy. Comunism destroyed Venezuela's economy. If my Mexican people want to STARVE TO DEATH, VOTE FOR AMLO
I have lived in Jocotepec, Jalisco for nearly nine years. I live by myself in a 2BR casita on the grounds of a very large home that used to be an orphanage. I am within one quarter mile of the western shore of Lake Chapala. My rent is three thousand pesos/month and my light bill is less than two hundred pesos every two months. My house has neither heat nor air conditioning. Neither is necessary. When I moved here nine years ago I was using insulin as well as Glucophage for type 2 diabetes. My diet here does not need a can opener. Many fruits and veggies are grown locally including all of the Dole and Driscoll berries that you pay big bucks for in the states. I had a real scare with low blood sugar a while back before discovering that I no longer needed insulin. I am seventy four years old and it is my plan to be shot by a jealous Mexican when I am one hundred years old@LOL
Thank you Roger for your post. Since you have been a resident of Jocotepec for nearly nine years, I would like to know if it is still possible to find rental places as yours and at that same price. I would also like to ask you, if you have the time, if you could share some other things that you like about living in Jacotepec. Thanks a lot! Patricia
Are you still living there and how much did insulin cost you per month?
OMG, if that isn't a great reason to retire in Mexico, I don't know what is.
So that means you are paying about $150.00 for rent and $10.00 electric bill if I am correct. I agree with concerning the improvement of your health due to people NOT eating processed foods and walking more. Good luck Sir.
@Roger Erickson Correction...
THIS: "my plan to be shot by a jealous Mexican when I am one hundred years old@LOL"
SHOULD BE: "my plan to be shot at by a jealous Mexican when I am one hundred years old@LOL"
Good luck, lots of blessings, & thx for your info :)
Sorry, we have lived near Cabo San Lucas and the cost of living is low. Taxes? We pay less than$100 USD. We live in a casa which is a few minute walk to the Sea of Cortez beach that is spectacular. Where you eat matters. There are plenty of excellent Mexican restaurants, many serving sea food, for about $10 to $12. A meal you can easily pay $25 USD. Health Insurance? My family of three have 100% insurance, covers prescriptions as well cost? About $1,000 USD annual. We have solar and Mexico has solar discounts. We are billed every two months and are bill is typically $10 USD per month, hot months about $80 USD, and we run AC and have a large pool. Water bill about $70 USD per month. No, living in Cabo area is not like Phoenix- why? It is not that hot and there is no tropical breezes off ocean in Phoenix. Gas is costly. When you become 60 you can get an “ old man/woman card which gives serious discounts- half on property taxes, half on water bill and discounted travel MX airlines. So, the advice on this video is not totally accurate about living in Baja Sur. When you actually live in Mexico in a particular area you will find out how to live at a modest price. What to do? My suggestion go to a place in Mexico and rent a place for a few months, six months, or even a year. Then decide IF you like the area, want to try another place and like the lifestyle you have discovered you can live in Mexico. God bless.
Flash I’m gonna follow your advise. CSL 2019, por favor.
hey I read your comments and I like Martin Here I will love to have communication with you if you don't have a problems with that ……..let me know and we can exchange emails
one again thanks ...I live in san Jose California originally from Guaymas Sonora Mexico but I always like la Baja California ..
martin Guevara
Martin Guevara, sure we can stay in contact. We have been to San Marcos, Sonora, , near your home city,Guaymas. We enjoyed our time there. After our time there we took the ferr across from Tompolabampo to La Paz.
We live south of a puebla La Ribera north of the airport in San Jose SJD airport about an hour and twenty minutes. Our casa is about a 3 minute walk from the Sea of Cortez on a beach that looks like a Corona beer commercial - miles of unpopulated beautiful beach. There are allot of options in Mexico with different affordability all offering a rewarding quality of life.
We are well integrated here with the community, we attend a bilingual church full of wonderful people. People are very friendly here and outgoing. Right now the great deal are fresh caught large shrimp at a terrific price.
Martin, here is my Email talleyho9@msn.com
Are you outside Cabo or near San Jose or ? I was there June and found it costly compared to other Baja places but maybe you know a few special neighborhoods. Tell me more :)
Lynne AJ Lintot . Lynne, our casa is on the East Cape, Sea of Cortez, south of La Paz, north of Cabo Pulmo. We visit Cabo and San Jose. Both cities have places to shop that are reasonable plus restaurants. The cost of homes vary and you simply need to look long enough until you find what you like and you KNOW it is a good price. Get familiar with the market. That is true too for restaurants and purchasing food, ask where other people like to go in terms of quality, price and service? Leverage their experience to your advantage and then have the adventure of checking it our.
Best regards,
My cost of living savings in Mexico is a lot more than 50%. Also my quality of life is way better. I started off in Cabo San Lucas but Americans really have messed it up and it is way too hot in the summer. Now I live in Chiapas where I have not seen a gringo in years and the climate in the mountains is perfect every day. I also like Colombia and Panama.
Mauritius is gringo free. And no Americans have messed it up
Mexico is awesome, besides all its problems, Mexico is a nice country where you can have agreat quality of life. All of you are welcome to this beautiful country. :)
Cristian Velazquez U.S.A is also dirty , currupted and polluted go to detroit . Dumbass
Recklessbliss Characternotcolor That's the place we called Alabama where you live moron.
AGREE WITH YOU THAT FAR.
If you want to save money in electricity in Mexico in a residential area, you can ask the CFE (Comision Federal de Electricidad) to install in your house TWO METERS, Why? because in Mexico the first kilowatts are subsidized and the more you spent after those kilowatts the more expensive will be the electricity (i do not remember how many kilowatts i think 400 kilowatts not sure) so after you past your subsidized limits in kilowatts in the first meter you switch to the second light meter, this way you will save a lot of money in your electricity bill, and the bill of the two meters will come in one bill at least you will save some money in utilities
This guy is spot on. Don't expect to save if you live the same lifestyle you had back at home? Mexico is a great place to downsize.
🌵💰"You Totally Right When You Say "Mexico is not the poorest country in the earth compares to central or sur america we 're doing ok!"🌎🙌
Maybe that's because México are not in centro america or south america, México is in north america.
He mentioned a figure $1300 USD per month, In Mexico would be Middle class income (yeah its that bad), rent would go for around $500 USD per month (a very nice place), expenses $500 is enough, you still have $300 for whatever you want.
Some one else showed a video stating you could live paying only 50 to a 100 bucks a month for rent in some nice places there !!! So which is it nasty expensive or nicely cheap !!!! Can you take $50'000 thousand dollars and only $1000 dollars of ss per month income and live like a king there and still save $$$ !!!
TRUE, TRUE. ESPECIALLY LIVING IN PUEBLA MEXICO.... BEAUTIFUL
Yes u can rent a decent little house for $50 dollars a month... but they will get their money out of you one way or another ...
Teatro Juarez in Guanajuato is not from 1920, it's from 1903 and was inaugurated by Porfirio Diaz.
There are thousands of beautiful colonial towns all around Mexico one of them is Naolinco in the state of Veracruz Mexico. I plan in the near future living there. This town is in the mountains of the Sierra Madre near Xalapa city. And the good thing is that there are not expats living there yet once it is discovered the real estate prices are going up through the roof...
I spend 50% of my take-home on housing in Los Angeles.
Elect for a water cooler is the way to go in a dry/hot climate. Very cheap to run; more like a big fan.
Hola from Yucatán state. A very affordable area
Caban......yes love that state
I was a little surprised he didn't mention Merida.
The image of the Transmilenio red and yellow bus is Bogotá Colombia, not Mexico.
Cheers.
Nicaragua is SUPER cheap. 1/3 cost of US. Love it there.
Jason Waite. Nicaragua may be super cheap,but also super poor without the infrastucure you will find in mexico,also poor internet service while in mexico internet is better than the U S.
Many place can be primitive and less convenient.
Nigeria is even cheaper. So is Ethiopia... why not move there?
:)
RS My personal favorite is Sudan.
Move to Puerto villarta. They are very accepting of expats. Medical care is great. They have Sam's Costco Walmart and mega. All the stores you need plus they are building super nice condos by the beach for around 200k.
916medic i visited. Very nice. Salulita is cool too
basic medical care is great. For serious issues, most jump on the plane and head to gringolandia
Most senior citizens (who are retired and can afford to go live in another country) have a regular doctor back in the US who will see you quickly in case of emergency, and can afford a flight from Guadalajara or Cd MX.
Great information. Thanks for your time!
I'll be good I usually make 150 to 300usd remotely per day I also have a dual citizenship and just want to have more options than in the US everything is expensive
if you only talk about to come for the cost of living, please don´t come
zro110 ...stfu people can go for whatever reason they want...who the fuck do you think you are
Also if your name is "Robert Maki", please don't come.
Thank you
nice report. resident streets, never heard that one. high elevations sound great, are they expensive. i don't like the sound of ocean/wind .
Price of real estate is cheaper in the Mexican highlands than the beach areas. Tons of cities and towns to choose from.
Tim mentioned that Oaxaca was nice, "...despite its problems.' However, he did not elaborate what those problems were. Could someone provide some insight on this?
William, I think Tim was referring to the earthquake of several months ago. National Geographic just named Oaxaca to its best places to go in 2018 list.
Thank you! Yes...I subscribe to National Geographic Traveler magazine and just read the article on Oaxaca. I am going to fly to Puerto Escondido on 12/24/17 and stay in an Airbnb property. I am hoping to make it to Oaxaca City while there, but am not sure I will have the time in view of the other activities I would like to get to while in Puerto. Nevertheless, I am sure I will be delighted with all there is to see and do there! So far I have not located a video on living in Oaxaca on this channel...have I overlooked it? I will retire in four years and am looking hard at Mexico, although I have been reading about Panama, Nicaragua, and Ecuador too.
William, we will be adding Oaxaca to our list of cities we feature on expatsinmexico.com next year and will do an interview with an expat in Oaxaca then. If you're going to Puerto Escondido, check out our view with Terry Gusto, who lives there.
I live in Oaxaca been living here for 4 years use to live in santa cruz California , I think I found home here , it just has everything I would want including things I find in the U.S
Thank you Anthony! I had hoped that while I was in Puerto, I might be able to make a side trip and fly up to Oaxaca for one night. Not sure I will be able to include that....should probably just return another time and make Oaxaca the main destination. I am hoping to meet folks like yourself and find out about the process of becoming a resident in Mexico. Saludos!
I moved to Guadalajara in 95 because first I love with the city and also because was so cheap back then. A big city but not too populated. In 2010 I moved back to LA because everything as expensive as los Angeles and also too much traffic.
Is there subsidized rent for USA low income retirees on Social Security?
Sorry, Linda...no.
No--that's for Mexicans moving to the US.
Rent can vary for a small place as low as 50 to 300 per month for most of Mexico. the Tourist areas and big cities will general be higher. I would say most in Mexico live on 200-500 per month. If one lives in Mexico on a social security check, general they will do very well. It helps if you do not have a car, you can walk or public transportation, you do not buy US products, you can speak some Spanish and best if you are friendly and can make friends.
Lol...
Can you spell the name of the town you live in please?
It's Guanajuato, John.
OK Thank you it sounded like another name he said but it must be a suburb of Guanajuato.. Thank you for this video..
John, not sure which part of the interview you are referring to, but Tim mentioned three places in Mexico where expats can get the most "bang for their buck" (besides Guanajuato): Lake Chapala, Cristóbal de las Casa (in Chiapas) and Oaxaca.
Thank you Sir this was my next question i was hoping someone else would ask!! LOL Thanks again!
Cheap?
Y yeah sure, try to live in Polanco area or Reforma norte, everything is so expensive, like $1000 US dollars just for rent!
So it all depends where you want to live, but hey good luck to you all 👍
Try living in SF Bay Area for $1000. You can’t rent a one room apartment for less than $4000 per month unless you want to commute 50 miles.
I’m Cabo dreaming. Probably gonna be expensive.😎
It's really not if you know what you're doing and avoiding all the touristy stuff or the super deluxe housing. You can get away without running too much air conditioning if you have a Pacific breeze. It's nothing like Merida or the Riviera Maya. Look into Todos Santos and La Paz, too. La Paz is a bit under the radar and there are some great real estate deals there.
How is Mazatlán?
Carlos, here's a link where you can check: www.expatsinmexico.com/mazatlan-cost-of-living/
It's a little cooler than Puerto Vallarta, which is good.
I’d love to move down to Baja got enough to buy a house but what do I do to get just to buy food or pay utilities,, Thanks
You'll need about US$25,000 a year to get your temporary resident visa to live in Baja (www.expatsinmexico.com/mexico-immigration/), which should be enough to pay your bills if you have pay cash for your home.
Move to morelia you going to find the great food one of the best climate in the whole year the utilities like gas water rent electricity and all that for low price but the most important thing is the PEOPLE by the way I'm selling a propiedad i mean 🏠 or i can rent very close to the history center. So welcome to la ciudad de las canteras rosas pink stone City colonial y beautiful
Do you have to pay taxes on Social Security and Pensions earned in the USA?
Unfortunately, living in Mexico is no escape from U.S. taxes, Charles. The U.S. is one of two countries in the world that taxes its citizens no matter where they live.
Thanks , just my luck lol, so I'd have to pay Mexico and the US for the same income.
You would only pay taxes to the Mexican government on income earned from sources in Mexico, Charles.
The short answer is "No".
@@charlesdavis7461 To elaborate... you only pay US taxes on US bases employment and investment income (except on Roth IRA/Roth 401k, in which case you prepaid the taxes and all growth and withdrawals are tax free after 59.5 years of age). The only Mexico taxes you will pay are embedded sales taxes, visa costs, temporary car import visa, and small things like that. If you get a job there, you will pay income taxes only on that income.
im thinking of moving to Mexico. .they say to go down and rent a nice place first until you find want to buy and i have a big question that i can't seem to get answered. .is renting a place in Mexico the same as renting in California such as do you have to pay first and last and maybe deposit to get in an apartment in Mexico. .or is in as easy as pay your first month and your in...??? if someone nows please help...
William, it depends on who you are renting from but generally it works the same. If you are renting from an expat, you will pay first, last and have a deposit. Not always with a Mexican landlord.
Expats In Mexico ok..awesome. Think you for the response and help. I appreciate it..
william cantrell it really depends on the landlord or real estate agency so there is no golden rule for everyone. The best deal is one month for deposit and the first month in advance and you can move in. The usual is two deposits and the first one. If they ask you for anything else they are ripping you off.
Laura Guerra oh ok..thank you very much..
It may vary a bit, but everything is usually included in tourist areas and better security in tourist neighborhoods with lots of expats. You can get a Native Style home for less and especially if they are adjacent to tourist areas - I'd stay close to transportation and perhaps a short walk to areas you prefer to frequent. Labor costs are considerably lower for auto repair and services that involve labor. If you paid 95/hr. for an auto mechanic, you'd likely pay 20/hr. rate in Mexico.
Rent is ok but buying in Mexico is not cheap. Also hard to get legal property in Mexico. They will screw you and you will never know.
11 years down there.
Buying a home in Mexico is not difficult, the cost of a home like any where else depends upon where you want to live...here is a good article with accurate information from a top expat realtor in Puerto Vallarta: www.expatsinmexico.com/buying-a-home-in-mexico/
vote amlo for change.
dog town ,COMUNISM=STARVATION [ Cuba,Venezuela,North Korea ] vote for AMLO so you can all stave to death
apperantly you don't know anything about amlo.that will never happen in mexico sorry.
dog town,"that will never happen to Mexico" never say never.
Have you ever heard the Latin term IPSE DIXIT logical fallacy?
That totally describes your above comment.
Communism destroyed the USSR.
Comunism destroyed Cuba's economy.
Comunism destroyed North Korea's economy.
Comunism destroyed Venezuela's economy.
If my Mexican people want to STARVE TO DEATH, VOTE FOR AMLO