A long time tourist destination is quickly becoming home for many American digital nomads…
Location: North America
Currency: Mexican peso (1 USD = approx 19 Mexican pesos)
Time Zone: Mexico City is on GMT -5 (Parts of Mexico observe daylight savings time. In Mexico City your 6 pm BJT classes start at 5 am in the summer and 4 am in the winter.) NOTE: Times differ in Baja.
Population: 130 Million
Internet Speed: Mexico has experienced a surge in broadband usage over the last few years. Speed Test’s Global Rankings has Mexico at 72nd with speeds of 32 down and 12 up. Speed in the larger cities is not an issue. Nomad List has an awesome article on internet in Mexican cities.
Visa: Americans or those with an EU passport can stay in Mexico for six months without a visa. Those wishing to stay longer need to apply for a visa. Mexico offers a rentista visa for those wishing to live off foreign income while in Mexico. Like many countries, Mexico does offer an investor visa with the opportunity to receive a Mexican passport, however the capital requirements are quite high.
Healthcare: Healthcare in Mexico offers a mix of both public and private care. An article in Internations cites the relative inequality in the Mexican system, with private facilities offering far superior care to their public counterparts. However, these facilities are often prohibitively expensive without private insurance, which is recommended for expats in Mexico. Check out World Nomads for travel insurance.
Cost of Living: The cost of living can be low in Mexico depending on where you choose to live. Rents in Mexico City are not cheap- with Numbeo estimating rent on a one-bedroom in the city center at nearly $600 USD per month. Similarly, International Living estimates that couples would need approximately $2,500 USD per month to live comfortably in Mexico. However, bear in mind that these are based on comfortable, big-city life. My experience in small beach towns in Mexico tells a different, more affordable story. A great blog to read is A Little Adrift, which tells an American expat’s story and her (much lower) cost of living.
The information provided in this article is provided purely as a matter of convenience and does not constitute legal or professional advice. Always seek the advice of a qualified immigration attorney before making the decision to relocate.