Reasons Why People are Relocating to Mexico’s Riviera Maya
Aug 09, 2024Cost of Living
This is a big one and the main driver of immigration. The cost of living in Mexico remains a fraction of what it is in the US or Canada, particularly when it comes to rent, groceries, utilities, and transportation. In some parts of Mexico, rents are as much as 75 percent less than in comparable parts of the US.
Weather and Quality of Life
Other than a few spots, most of Mexico doesn't have snow or extreme polar winds, and if you love sunny and hot weather, you have miles and miles of coastline. Mexico is also diverse and rich in culture, with some of the most stunning natural beauty and some of the most welcoming locals in the world.
Property Prices
Home prices in the US and Canada have skyrocketed in recent years—particularly in major cities like New York, California or Toronto. Mexico offers an antidote. The average cost of buying a home in the United States in 2023 was roughly $418,000 USD, while in Mexico, it was just under $100,000 USD.
The Expatriate Community in Mexico
There’s a large expatriate community. According to the US Department of State, Mexico is currently home to at least 1.6 million Americans. In fact, more American expats live in Mexico than in any other country in the world. Canadians have also been migrating more than ever, about four times more annually since 2020. Many of those are even choosing to become permanent residents.
If your goal is a better life, you might discover that Mexico offers more than just a pretty postcard scene. It’s a chance to rewrite your story and find a new rhythm that resonates with your desire for adventure and tranquility. Sure, all places have their quirks and challenges, but maybe, just maybe, you’ll find that Mexico aligns with the life you’ve been yearning to live. Remember, it’s your life, your adventure. Your decision to move could be the first step towards a new chapter waiting to be written.