Expat Living
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Retirement life in Baja more expensive today?
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Retirement life in Baja more expensive today?
Costs are going up at an ever faster rate down here south of the border and are really being felt by Mexican families living paycheck to paycheck and struggling just to keep food on the table. But inflation is also outpacing the retirement incomes of many Expats who are discovering that life down here is getting a bit more expensive.
What’s your perspective?
https://talkbaja.com/expat-life-in-mexico-more-expensive/
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9 Replies
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Prices are going up on this side of the border too. Life on a fixed income is becoming more and more difficult and yes, some of us are looking into taking a part time job to supplement.
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Yep, cost of everything seems to be increasing these days up here too. Seems a bit weird as it’s been a long time since any of us have seen such levels of inflation. This will likely spur increase rate hikes which will certainly stall the housing markets.
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Yes, I think everyone is expecting that.
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AMLO was widely criticized for no bailouts and this is what we end up with. This was his doing and he owns it.
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Everything is more expensive today here in the USA too. Food, gas, rent. Even our gardner now told us last month the monthly fee is almost double now. I told my husband he need another raise.
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My landscaping service did the same thing but I guess it makes sense as they use so much gas in what they do. But it still is a tough pill to swallow.
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Rents, home prices, food and used vehicles have all gone way up this year in Mexico. It is surprising to me that the dollar has not been catching up or even ahead of the inflation here in Mexico. That is what many Mexicans do historically is to buy dollars when the peso is deflating and that should push the dollar higher.
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According to this article, to live in California a family of four requires at least $3,930 dollars each month IN ADDITION TO what they will pay for rent! So with average rent prices today, somewhere around $5,500 to $6,000 each month. And it goes on to say that to live comfortably that same family of four will need at least $9,560 each month!
I know expat retirees living on that much all year here in Mexico, within a few blocks of the beach.
https://www.interviewarea.com/faq/how-much-money-do-you-need-a-month-to-live-in-california
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It is true that the dollar has been stagnant compared to the Mexican peso for the last year but over time it is always the best way for Mexicans to protect against inflation. This morning it went over 21 briefly.
https://www.tradingview.com/symbols/USDMXN/
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