Residence permits are granted to those with work permits, with family ties and those wishing to retire to Mexico with sufficient financial means. Work permits are difficult to obtain because preference is given to Mexican nationals and permits are restricted to certain jobs only where there s a lack of local expertise. The work permit and the residency visa must both be obtained before moving to Mexico. Cost of Living Click here for some general guidance about the cost of living in Mexico compared to other world cities. Housing The cost of housing is one of the key considerations in the cost of living in a country.
Rental prices are dependant on the location, size, and quality of property.
Rental accommodation is widely available in Mexico, where rental contracts are usually for a minimum of one year. If you rent furnished accommodation you will need to pay two months deposit. Houses for rent are in short supply. Income tax rates are adjusted for inflation quarterly and therefore you should consult your employer for the latest information. Rates range from 3 to 35 per cent.