Tue. Oct 4th, 2022
cuernavaca best place
Ana Lilia Buendia

Top 5 best places to retire in Mexico on a budget

Budget is an important issue when choosing a place to retire in Mexico. For years, Playa del Carmen, Los Cabos, Cancun and Puerto Vallarta have been traditional retirement destinations for U.S. citizens. But let’s face it: they can be a pretty expensive if you are planning on a low budget.

You must know there are other less-known places in Mexico you can live in for 1,500 U.S. dollars per month or even less. These are small cities and towns where you can pursue the same lifestyle you would have at a more famous place.

This is our top 5 best places to retire in Mexico on a budget.

Top 5 best places to retire in Mexico on a budget

  1. San Miguel Allende

Located in Guanajuato state, at the heart of Mexico’s territory, this is one of the most beautiful Spanish-colonial towns all over the world. It is internationally recognized for its architecture, culture, arts and crafts. It is a little bit far from the nearest airports, which makes the price of properties more affordable than in other places.

San Miguel de Allende Best Place to Retire
San Miguel de Allende Best Place to Retire
  1. Alamos

Situated in Sonora state, this is one of the cheapest places to live in Mexico. It is a small town in the middle of the desert, surrounded by mountains. Mining is the most important economic activity, but there are also many opportunities for running a small business or volunteering. If you want to remain near the U.S. border, this is a very good option.

  1. Querétaro

One of the safest cities in Mexico, Queretaro has gained interest over the past few years as a very nice place to live for both foreign and Mexican citizens. Even though the cost of living here has been creeping up, it is still affordable and certainly much cheaper than in other big cities like Monterrey or Guadalajara. Therefore, buying a property here will be a great investment.

Queretaro Best Place to Retire
Queretaro Best Place to Retire
  1. Cuernavaca

Also known as “The Eternal Spring City” for its always nice-hot weather, this small city is only a 1 hour ride from Mexico City. It is a traditional vacation spot for the “chilangos” (Mexico city residents) and a much more affordable place than the big capital city. There are a lot of opportunities to get a great property here at a very good price, garden and pool included.

Cuernavaca Best places to retire in Mexico
Cuernavaca Best places to retire in Mexico
  1. Taxco

This is an old silver-mining town located at the Guerrero mountain zone. For over decades, people from all over the world have come here to get good prices on high-quality silver jewelry and objects. The weather is great and the cost of living is very low. It can become a little crowded on holidays, but it is quite calm for the rest of the year.

Texco Best places to retire in Mexico
Texco Best places to retire in Mexico

As you can see, these incredible options can grant you a luxurious retirement lifestyle in Mexico without spending too much. If you are wondering which one is the best option for you, don’t hesitate to contact us for more information.

By Ana Lilia Buendia

Ana Lilia Buendía, Real Estate advisor with more than 20 years of experience in Mexican and International Real Estate, and promoter partner of the famous real estate firm, Agave Sotheby's International Realty, offers her experience and knowledge to advise you on the purchase of Real Estate in San Miguel de Allende.

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