Mexico is getting EXPENSIVE! My Cost of Living in 2024

In this livestream we're going to chat about how cheap or expensive Mexico is in 2024 by reviewing my expenses and costs of living in Queretaro.

In this, I will be covering the cost of living in Mexico in regards to: Internet speeds and costs, rent costs, water bill, electricity bill, my gas costs to run the water heaters, dryer, and well as cooking at home.

I'll be discussing food costs, in terms of both going out to eat and eating at home.

We will also be discussing how the exchange rate effects us who are living in Mexico and earning or saving in a different currency.

Are you an expat in Mexico or considering the move? The cost of living has seen significant changes, and in this video, we break down our 2024 expenses living in Mexico. Join us as we explore the impact of rising prices, exchange rates, and share real data from our household of two adults and three dogs.

📈 Healthcare Breakdown:
Insurance: Last year's 12,000 pesos skyrocketed to 20,000 pesos due to currency exchange rates, equivalent to $100 per month.
Consultations and Testing: Approximately $70 monthly, covering specialist visits and regular health check-ups.
💊 Medications and Health Products:
Meds: A significant expense at $200 per month, including vitamins and supplements for maintaining good health.
Potential Health Insurance: Estimated at $130 per month, bringing the total healthcare cost to around $500 monthly.

🚗 Car Expenses:
Upkeep: Including mechanic visits, car checkups, and occasional repairs, averaging $167 monthly.
Insurance: Increased to $66 monthly.
Gasoline: A substantial expense at $200 per month.
Car Washes: Two hand-detailing sessions monthly, totaling $18.

🌐 Miscellaneous Monthly Expenses:
Internet: High-speed fiber optic at $82 monthly.
Electricity: It varies a lot depending on the season but it's about $65 monthly on average.
Gas for Home: Used for the dryer, water heaters, and cooking, totaling $52 monthly.
Water for the House: Covering various household needs, averaging $35 monthly.
Drinking Water Delivery: At $17 monthly for six garrafones.
Groceries: Including organic and quality foods, averaging $400 monthly.
Vet Bills and Supplements: Essential for aging pets, costing $176 monthly.
Cell Phone Bill: $35 monthly for two people with data and unlimited calling.
Household Goods: Including toiletries, cleaning supplies, and more, totaling $80 monthly.
Clothing: Replacing and maintaining wardrobes at $150 monthly.
Tips and Donations: Supporting local services and charity, averaging $100 monthly.

🏡 Rental Options in Queretaro:
Exploring various rentals ranging from $700 to $1,500 per month.

💭 Closing Thoughts:
Living in Mexico has its perks, but the increasing cost of living is a reality. Factors like currency exchange rates, inflation, and urban development contribute to the rise in expenses. Stay tuned for more updates on navigating expat life in Mexico.

#Mexico #costofliving #tangerinetravels