Cost of living in Mexico compared to Argentina (2024)

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Cost of living in Mexico compared to Argentina? ›

Comparison In 2022, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.064), and 47 in total exports ($87.2B).

Comparison In 2022, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.064), and 47 in total exports ($87.2B).

Cost of Living Comparison Between Buenos Aires and Mexico City. You would need around 3,947.1$ (67,251.7MXN) in Mexico City to maintain the same standard of life that you can have with 2,400.0$ in Buenos Aires (assuming you rent in both cities).

The price of many necessities is significantly less than in the United States. It is estimated that a single person will spend about MXN 10,733 per month, which is equivalent to USD $626, while a family of four will spend about MXN 38,636 per month, which is equivalent to about USD $2,254.

According to numbeo.com, the cost of living in Argentina is approximately 85% less than in the U.S. All told, a couple can expect to live comfortably on $1,500 to $1,800 per month. Single individuals can expect to get by on about $1,000 per month. One U.S. dollar is worth (at time of writing) about 220 Argentine pesos.

Cost of living in Argentina is 17% cheaper than in Mexico.

In 2022, Mexico ranked as the country with the best economic performance amongst the seven Latin American nations included in the ranking, with a index score of 56.61 in a scale from 0 to 100. Venezuela obtained the worst score in this macro-economic evaluation of the domestic economy, at merely 1.16 index points.

For many expats, Argentina's super-affordable rental costs are one of the country's most appealing attractions, with prices in some areas being half—or even a third—of the cost for similar-sized abodes in the U.S.

The Mercer Human Resources firm released their latest study on the cost of living in 42 cities of Mexico. Los Cabos ended up in the first place, followed by Cancun, Monterrey, Mexico City and Cuernavaca. Los Cabos is also Mexico's tourist destination with the highest hotel room rate average, at $532 USD per night.

Can I retire in Mexico on $1 500 a month? ›

In America, a typical retiree spends $4,345 on average, whereas the cost of living in Mexico for a single person can vary between $600 to $2,000 a month. Many expats report living comfortably in many areas of Mexico for $1,500 a month as well.

However, the average annual income in Mexico is about $10,500, or $875 monthly. But unfortunately, most citizens live on less than that. What that means for you, the expat, is that $1,000 will be above the average earner and you shouldn't worry about whether it's possible to survive on that budget.

The city in Mexico considered the safest with the lowest crime rate is Merida, located in Yucatan. This is also one of the most affordable cities in Mexico, making it a popular destination for retirees and expats. Merida's low crime rate makes it an excellent choice for visiting and living in.

How is the house price in Buenos Aires? Buenos Aires is a big city, few houses are availables, most market are apartments. The prices are around usd 100.000 and usd 500.000. A House if availabe can cost between usd 250000 and 1 or 2 millions.

Self-employed expats in Argentina are subject to social security taxes in both Argentina and the United States, a consequence of the absence of a totalization agreement between the two countries.

There are roughly about 60,000 Americans living in the country, and 26,000 of them live in the capital city, Buenos Aires and 400,000 argentines with an americans ancestry .

Argentina Is a Leading Economy in the Region, Despite Its Debt Challenges. A table of GDP and debt data showing that Argentina is a leading economy in Latin America despite debt challenges. Notes: GDP and GDP per capita are for 2022. Debt is from 2023.

The economy of Mexico is a developing mixed-market economy. It is the 12th largest in the world in nominal GDP terms and by purchasing power parity as of 2024. Since the 1994 crisis, administrations have improved the country's macroeconomic fundamentals.

Mexico is considered as the 15th largest economy in the world, while leading exporter in the Latin America. It has a Gross Domestic Product (GDP) of $1,269 billion, with a nominal GDP of $9,946.

In 2022, Brazil and Mexico were the countries with the largest gross domestic product (GDP) in Latin America and the Caribbean. In that year, Brazil's GDP reached an estimated value of 1.9 trillion U.S. dollars, whereas Mexico's amounted to almost 1.4 trillion U.S. dollars.