Retiring in Mexico
Many Americans decide to spend their retirement living in Mexico because of the country’s climate, beauty, and financial benefits. Especially after the housing market crisis and economic recession, many Americans nearing retirement age are looking for more affordable ways to live after retiring.
Depending on the location, real estate in Mexico can be anywhere from 20 percent to 40 percent cheaper than real estate in the U.S. Also, the cost of food in Mexico is between 30 and 40 percent lower in Mexico.
The cost of living in Mexico is also lower than in the U.S. due to its stable gas prices. For the past 4 years, gas prices in Mexico have stayed at under $3 per gallon.
Furthermore, on average, health insurance in Mexico is 50 percent cheaper than health insurance from American providers and is generally considered to be of equal quality. In order to obtain an international health insurance policy that covers healthcare in Mexico, one must live in Mexico for at least 6 months.
The cost of doctor and hospital visits in Mexico can be 80 to 90 percent less expensive than in the U.S. As retirees enter the later years of their lives and often need more frequent medical attention, many find the savings on health insurance and healthcare in Mexico extremely attractive.
If you or someone you know is considering retiring in Mexico and has questions about real estate, contact the Mexican real estate attorneys of Hernandez-Ojeda at 800-673-1995 to learn more about how we can help you.