Mexico

Mexico is a well-liked vacation and retirement destination since it is close to the US border, has pleasant weather, a range of housing options, miles of coastline, and lovely cities. To obtain a better sense of a place as a home, however, a prolonged stay is recommended before making a commitment. This is true whether you plan to retire in Mexico or another retirement location.

Overall, the cost of living is modest, however it's crucial to consider particular cities. For comparison's sake, the cost of living and rent are both 61% lower in Cancun, a popular tourist destination on the Caribbean coast. San Miguel de Allende, a lovely city in the interior of Mexico that attracts expats, has rent that is 76% cheaper and a cost of living that is 57% lower than New York. Along with the benefits of residing in a resort or expat community, these and other cities provide lower costs.

Government programs that offer low-income citizens coverage or charge premiums make healthcare accessible. Many retirees have private insurance or pay cash for medical treatments, and private hospitals and specialists provide high-quality care at a fair price.

For both temporary and permanent residents, there are minimum income requirements of $2,700 per month. About $36,000 and $149,000 in bank accounts are needed, respectively. Additional details are accessible here. The Mexican Consulate handles requests for visas and residence permits.