Mexico ranks as the second best place to live as an international retiree in the world. Discover more of the attractions this country has to offer below.
Recently, the magazine International Living magazine recently ranked Mexico second in the world as the best place to live as an international retiree. Mexico has gained recognition as one of the most attractive destinations for retirees worldwide. With its rich culture, diverse landscapes, pleasant climate, low cost of living and quality services, Mexico offers numerous advantages for those seeking a peaceful and enriching retirement. Discover below what are the main qualities and attractions that foreigners find in Mexico to move to and find out which are the best cities to live in.
Mexico offers a unique combination of factors that make it an attractive destination for retirees, mainly from the United States and Europe. According to an article published in 401 K Specialist, Mexico has moved up from No. 3 to No. 2 in this year's Index, with more than 1.6 million Americans and half a million Canadians now calling Mexico home. In addition, a large number of foreigners live part-time in Mexico to escape the snow and cold of northern winters. In terms of total numbers, more U.S. expatriates live in Mexico than in any other country in the world.
One of the biggest advantages of living in Mexico is the lower cost of living compared to many other countries, especially the United States and Canada. Daily expenses, such as housing, food, transportation and utilities, are considerably lower in Mexico, allowing retirees to stretch their income and enjoy a comfortable quality of life.
Mexico is a country with a wide variety of climates and landscapes. Whether you prefer sunny beaches, traditional and culture-filled cities, hidden and picturesque villages or a more tropical climate all year round. In Mexico you will find options for all tastes. This gives you the possibility to choose the environment that best suits your lifestyle and personal preferences.
Mexico is internationally recognized for its warm hospitality and friendliness towards foreigners. Retirees who settle in Mexico are welcomed with open arms and find a welcoming community. In addition, the country has a rich history and culture that is manifested in its architecture, art, music, festivals and traditions. Retirees can immerse themselves in this cultural heritage and enjoy an enriching and vibrant life.
Mexico has a modern infrastructure that includes reliable internet, electricity and cell phone services. In addition, many cities and towns have an active expatriate presence, which facilitates integration into the community and provides opportunities to socialize and participate in shared activities.
Mexico's healthcare system has improved significantly in recent years and offers quality medical services at much lower prices than in the United States and Canada. Retirees have the option of purchasing affordable private health insurance or accessing the public health system, which offers health care options at reduced prices.
Where would you like to live in Mexico as an international retiree? The following are some of the most desirable destinations to live in, both for their quality of life and for the capital gains that your real estate investment can generate.
In Mexico, there are several ideal places for retired foreigners to live comfortably. One of the most desirable destinations is Polanco in Mexico City, which offers a high quality of life, security, a thriving cultural scene and a location close to financial centers. The Roma and Condesa neighborhoods in Mexico City are also highly desirable areas to live in, with a bohemian lifestyle, cultural offerings and a diverse community of foreigners.
Tulum is another popular destination, with beautiful beaches, a tranquil lifestyle and high quality real estate projects. Zihuatanejo, on the Pacific coast, offers beautiful natural surroundings, warm weather and a welcoming community. Merida, in the state of Yucatan, stands out for its colonial architecture, rich cultural heritage and low cost of living.
Oaxaca is known for its culture, history and traditions, with a charming historic center and an affordable cost of living. Finally, Puerto Vallarta, located on Banderas Bay, offers natural beauty, warm weather and a relaxed and friendly atmosphere. These places provide attractive options for foreign retirees in Mexico.
What are the best places to live in Mexico as a foreigner?
As you could already see in the previous infographic, Spain is in the number 6 position in the list of the best countries to live as an international retiree.
Spain is one of the best places to retire as an international retiree for several reasons. First, the cost of living in Spain is relatively low compared to other European countries. Depending on the location, it is possible to live comfortably on a monthly budget of around $2,000 to $2,500 USD, or about $28,000 USD per year.
In addition, fresh food and affordable prices are a fundamental part of lower living costs. The fresh produce necessary for healthy eating is available year-round at a fraction of the cost compared to other places.
In terms of medical care, both the public and private healthcare systems in Spain are excellent and meet European and U.S. standards. For expatriate retirees, private health insurance is required for the first year, and prices are surprisingly affordable. Spain offers a first-class infrastructure, a varied climate and beautiful landscapes, as well as a rich culture and a tolerant attitude that make it a welcoming and friendly society.
Living in cities such as Malaga, Madrid and Marbella can be an excellent option for foreign retirees. Starting with Malaga, this city located on the Costa del Sol in southern Spain offers a Mediterranean climate with hot, dry summers and mild, humid winters. The lifestyle in Malaga is relaxed and laid-back, with numerous outdoor activities such as swimming at the beach, hiking in the mountains or strolling through the city's parks and gardens.
On the other hand, Marbella, also located on the Costa del Sol, stands out for its luxurious resorts, beaches and nightlife. With a Mediterranean climate similar to that of Malaga, Marbella offers a more fast-paced and glamorous lifestyle. Here, people enjoy spending time outdoors, whether swimming, sunbathing or playing golf. The city also has a lively nightlife scene, with bars and clubs that stay open late into the night. The gastronomy of Marbella is equally remarkable thanks to the Mediterranean currents that you will find here.
Discover the most incredible selection of properties on the Costa del Sol, Spain.
Finally, Madrid, as the capital of Spain and the third most populous city in the European Union, offers a cosmopolitan and vibrant experience. With a Mediterranean climate similar to the other two cities, Madrid has a rich history and culture. The city offers a relatively low cost of living compared to other European capitals and provides a wide variety of activities, from visiting world-class museums and art galleries to enjoying its lively nightlife. Madrid also stands out for its diverse gastronomic offer and its friendly and welcoming attitude.
Luxury properties in the best area of Madrid, Spain.
We recently addressed this topic in How to buy a property in Mexico if you are a foreigner in 2023? visit it and find out all the information and step by step process.
In summary, foreigners wishing to buy a property in Mexico must have the advice and 360° support of a company specialized in this tipo de operaciones, so that they can face the challenges and cultural barriers that may arise. As there are restrictions on the acquisition of properties in restricted zones, such as coastal and border areas. However, the Calvo Clause, a doctrine of international law, guarantees equal treatment for foreigners under Mexican law and provides a sound legal basis for conducting real estate transactions through the use of trusts. Remember that foreigners can buy a house in Mexico, as long as a prior permit is obtained that clearly establishes the property as a trust.
Mexico and Spain are considered excellent places for retirees from all over the world to live. In the particular case of Mexico, it stands out for its rich culture, diverse landscapes, pleasant climate, low cost of living and quality services.Contact us at and find out more about how to buy a property in Mexico if you are a foreigner and how to live in Spain and get your Golden Visa.
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Alfredo Obregón is the co-founder and CEO of Nolab, a real estate platform focused on investment, sales, and property management across international markets.
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