Moving to Mexico from the US
Last updated: March 2026
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Visa Options
Temporary Resident Visa
For those with income over $2,500/mo or savings over $42,000. Valid for up to 4 years.
Permanent Resident Visa
For those with income over $4,200/mo or savings over $175,000, or after 4 years as temporary resident.
Tourist Visa (FMM)
Up to 180 days. No work authorization. Many digital nomads use this but it's technically not legal for working.
Cost of Living
| Category | Low | High |
|---|---|---|
| Rent (1-bed, city center) | $500 | $1,200 |
| Utilities | $40 | $80 |
| Groceries | $150 | $300 |
| Transport (monthly pass) | $20 | $40 |
| Dining out (per meal) | $4 | $15 |
| Health insurance | $30 | $80 |
Tax Implications
- Mexico taxes residents on worldwide income at progressive rates up to 35%.
- US-Mexico tax treaty helps avoid double taxation.
- FEIE can exclude US-source income up to $126,500.
- Mexico has no wealth tax or inheritance tax for direct descendants.
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Healthcare
IMSS (public healthcare) available for ~$50/year. Quality varies by location. Private healthcare is excellent and affordable — major hospitals in CDMX, Monterrey, Guadalajara. Many Americans use a mix of IMSS and private insurance ($100-300/mo).
Banking
Opening a Mexican bank account requires temporary or permanent residency, passport, proof of address, and CURP. Banks: BBVA Mexico, Banorte, Santander. Many expats use Wise or Remitly for transfers.
Finding Housing
CDMX (Roma, Condesa, Polanco): $600-1,200/mo. Merida: $400-800/mo. Puerto Vallarta: $500-1,000/mo. Playa del Carmen: $500-900/mo. Facebook groups and Inmuebles24 are popular for finding rentals.