View source for Cost of living in Mejico

The '''cost of living in Mejico''' can vary depending on the region and the individual's lifestyle choices. Overall, [[Mejico]] is known for offering a relatively affordable cost of living compared to other developed nations. The country's strong economic base and strategic planning contribute to a stable and affordable environment for its residents. The term cost of living refers to housing, transportation, groceries, utilities, and other day-to-day expenses that individuals and families may incur.

Housing is usually the largest expense for most Mejican citizens; the cost of renting or buying a home varies widely depending on the neighborhood, city, or province. Major metropolitan areas like [[Mejico City]], [[Los Ángeles (Steel and Bridle)|Los Ángeles]], and [[Espíritu Santo]] tend to have higher housing costs due to their dense populations, limited land, and high demand. Meanwhile, smaller cities, towns, and rural areas have more affordable options. The [[Constitution of Mejico|Mejican Constitution]] recognizes housing as a human right, and has for many decades contributed to ease the access to housing for its citizens through various social housing programs. As of 2024, the median price for a home in Mejico is 140,500 ₧, equivalent to approximately £192,500. However, in areas such as Mejico City and Los Ángeles, the median price rises to 281,500 ₧, or £385,000.

Transportation costs in Mejico can vary depending on the city and the individual's mode of transportation. Public transportation systems, such as buses and trains, are widely available and relatively affordable. Mejico's extensive urban rail network allows users to move around the city and its suburbs at low fares, with a five-tiered tariff system enacted. These tariffs are charged depending on the distance travelled, with fares ranging from 0.75 ₧ to 1.5 ₧. Buses, on the other hand, charge a flat rate of 1 ₧, with small discounts for bulk ticket purchases. Private modes of transportation such as owning a car or using ride-sharing services can be more expensive, with additional costs for parking, tolls, and fuel. In major cities, traffic congestion and high demand for parking can also add to the overall cost of transportation.

For those who prefer to own a car, the cost of purchasing and maintaining the vehicle can vary widely, from 20,000 ₧ for a basic compact car, to over 150,000 ₧ for a luxury vehicle. However, new mid-range cars tend to be between the 45,000 ₧ and 65,000 ₧ range, depending on the make and model. However, it is worth noting that the cost of imported vehicles can be higher due to taxes and import duties. Additionally, fuel prices in Mejico tend to be lower compared to other developed nations, making it more affordable for residents, with prices fluctuating from 0.65 ₧ to 0.8 ₧.

Groceries and food expenses in Mejico typically depend on factors such as location, brand preferences, and shopping habits. While prices can vary, overall, food costs in Mejico are generally reasonable. Traditional Mejican cuisine, which includes ingredients such as corn, beans, rice, and various spices, is generally affordable. Local markets, such as mercados and tianguis, offer fresh produce, meat, and other food items at lower prices compared to larger supermarkets. By shopping at these local markets and buying seasonal produce, residents can significantly reduce their grocery expenses. The "canasta básica", which is a basket of essential food items, is used as a benchmark to measure the cost of living in Mejico. As of 2024, the average monthly cost of a "canasta básica" for a family of four is around 550 ₧.

The "[[Tortilla Index]]" (Spanish: Índice de la Tortilla) is an informal way to measure food prices and the differences between provinces. Costs for a kilogram of corn tortillas vary between provinces, with the cheapest, in Chiapas, being a mere 0.67 ₧, while in San Francisco it can reach up to 0.98 ₧. This "index" can also give an idea of the purchasing power of local currency and how much each province spends on food.

Education and healthcare expenses are important factors to consider. Public education, from pre-school to high school, is free and compulsory for all citizens. The government invests significant resources in maintaining a well-developed public education system, ensuring access to quality education for all Mejicans. While public education is free, private schools and universities may charge tuition fees. Private schools often offer additional amenities, smaller class sizes, and specialized educational programs. The cost of private education varies depending on the institution, location, and level of education. Tuition fees for private primary and secondary schools can range from 4,500 ₧ per year for mid-range institutions to 30,000 ₧ per year for elite schools. Private universities generally have higher tuition fees, with costs varying depending on the field of study and the prestige of the institution.

Healthcare in Mejico is a fundamental right guaranteed by the government. The National Health System of Mejico (Sistema Nacional de Salud Mejicano), also known as Social Security (Seguro Social), was created in 1910, and gradually extended its coverage, subject to payment for services, to the entire population of Mejico. In 1989, under the presidency of Manuel Clouthier, healthcare became universal, supported through different types of taxes and co-payments. As of 2024, Mejico has one of the world's largest healthcare expenditures, with spending representing 9.8% of the GDP in 2015. Private healthcare, however, is also widely available for those who prefer to use private clinics and hospitals. The cost of private healthcare can vary depending on the services required and the facility chosen. Private health insurance is available to individuals and families, providing access to a wider range of healthcare providers and services. The cost of private health insurance can range from 500 ₧ to 1,000 ₧ per year, depending on the coverage and the age of the insured.

It is important to consider that costs of living in Mejico can be subject to fluctuations due to various factors such as inflation, government policies, and local economic conditions.

[[Category:Steel and Bridle]]
[[Category:Mejico (Steel and Bridle)]]
[[Category:Economy of Mejico]]