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In reply to the discussion: If you could live anywhere in the world, where would you live? [View all]El_Johns
(1,805 posts)Living in Mexico is cheaper than the US for a comparable standard of living.
The U.S. State Department estimates that the number of Americans in Mexico has increased from about 200,000 a decade ago to between 600,000 and 1 million today.
"The people who are buying here are three or four years away from retirement ... although there are also a lot of younger people coming - 38 to 40 years old - looking for a place to rest or get out of the cold."
Analysts say the influx of Americans is fueled by such factors as a lower cost of living, more affordable housing, warm weather, a more relaxed pace of life and a different political atmosphere.
Depending on which part of the United States Americans come from and where they move, living in Mexico can be 25 to 75 percent cheaper. Like most world capitals, Mexico City itself can be comparatively expensive, and its crime, congestion and pollution problems turn off many.
But expatriates in Mexico generally pay less for health care and medicine, housing and domestic help, according to experts and the expatriates themselves.
Rojas and a colleague, T.S. Sunil, are studying a sample of U.S. retirees in Ajijic, Jalisco state. She said more than half the 172 people surveyed said they were living on less than $1,000 a month. That money covered rent, utility bills and other costs such as maid and gardener service and regularly eating out.
"These are people who are looking for alternatives that will accommodate their fixed income," she said. "The key question here is, how many Americans can manage to live (in the United States) on less than $1,000 and have all those amenities?"
http://www.banderasnews.com/0503/nr-expatriates.htm
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