What You Need To Know
Mexico is a popular vacation destination, but it is also one of the most attractive places for expatriates from the United States, South America, Canada and even from across the globe. With it’s warm climate and rich culture, Mexico is being discovered as a great place to work and play. Moving to Mexico is something more travelers are considering to be permanent, taking up residence and perhaps putting down roots.
The country of Mexico lies between the southwestern United States and Guatemala with the Pacific Ocean to the west and the Gulf of Mexico to the east. The Gulf of California is situated to the northwest of the country and it is largely populated with indigenous peoples. The main spoken and written language is Spanish, but there are 68 indigenous languages still existing in the country.
Contrary to popular belief, there are actually two distinct climates in Mexico. The Tropic of Cancer is the dividing line. The climate north of the Tropic of Cancer is cold in during the winter and warm during the summer. While south of the Tropic of Cancer, the climate remains essentially the same throughout the entire year.
The economy of the country of Mexico is the 11th largest in the world. Mexico’s largest trading partner has been the United States for decades. And the NAFTA treaty has done much to expand its trading in and out of the United States. However, Mexico has begun to open international trading channels, strengthening its inner economy and expanding its outer monetary influence. The largest industries in the country of Mexico are cement, bottling and automobile manufacturing. In addition, there are other manufacturing and service sectors growing in Mexico, from musical instruments, to furniture and clothing, to airplane maintenance.
Cost of Living
Relative to the United States and Canada, the cost of living in Mexico is much more affordable. But as its economy expands through domestic investment and international trade in concert with expatriation of individuals moving from their country of origin, Mexico’s cost of living is steadily increasing. A big factor in the reduced cost of living in Mexico is that food is locally produced. And being locally produced, transportation costs are significantly reduced, bringing down the cost of food.
Like any other relocation, it pays to do your homework and weigh all the considerations if moving to Mexico. Seek the advice of local experts in the area you want to reside to decide if it really is right for you.