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Home Prices in the U.S., vs. Home Prices in Mexico*
| Three-bedroom, Two-bath Condo in: | Pleasanton, California | Puerto Escondido, Oaxaca, Mexico |
|---|---|---|
| Purchase Price | US$700,000 | US$125,000 |
| Property Tax* | $14,000 | $375 |
| Total Costs | $714,000 | $125,375 |
| Total Savings in Mexico: | US$588,625 | |
| Yearly Savings on Taxes: | US$13,625 |
| 3-bedroom, 2-bath Home in: | San Jose, California | Morelia, Michoacán, Mexico |
|---|---|---|
| Purchase Price | $900,000 | $150,000 |
| Property Tax* | $18,000 | $450 |
| Total Costs | $918,000 | $150,450 |
| Total Savings in Mexico: | US$767,550 | |
| Yearly Savings on Taxes: | US$17,550 |
*Note that the low cost of housing in Mexico can add up to an 80% savings!
*Property taxes vary by state; rate for this example: 2%
Cost of Living: Mexico is just more affordable!
Sample Cost of Living Chart
| Expense | Monthly cost |
|---|---|
| Utilities & Telecom (electricity, phone, internet service, cable or satellite television, cell-phone): | $200 |
| Gasoline and Auto Upkeep: | $100 |
| Groceries: | $300 |
| Domestic Help (maid and gardener): | $200 |
| Entertainment and Leisure (including dining out, cinema and concerts): | $300 |
| Healthcare (two people at $240 per year for IMSS insurance, plus $80 per month for private-care incidentals): | $100 |
| Household Items (including kitchen utensils and other home necessities, clothing): | $100 |
| Total | $1,300 per month |
Total: $1,300 per month, or around $15,600 per year, for two people and all that they need to live well. You can hardly beat that in the States.