Comparing Prices in Mexico to the USA

May 22, 2013

Here’s a great price comparison chart from my friend George who has a great website – http://mexicomyspace.ning.com/ 

 

 

The prices could be more or less at Lake Chapala, Mexico as these prices are for Mexico in general

 

 

 
 
Info
Consumer Prices in Mexico are 32.09% lower than in United States
Consumer Prices Including Rent in Mexico are 41.28% lower than in United States
Rent Prices in Mexico are 62.78% lower than in United States
Restaurant Prices in Mexico are 42.57% lower than in United States
Groceries Prices in Mexico are 32.86% lower than in United States
Local Purchasing Power in Mexico is 55.69% lower than in United States
  United States
  Mexico
      Difference
Restaurants
Meal, Inexpensive Restaurant
10.00 $
    4.95 $
     -50.50 %
Meal for 2, Mid-range Restaurant, Three-course
45.00 $
    24.75 $
     -45.00 %
Combo Meal at McDonalds or Similar
6.00 $
    5.36 $
     -10.62 %
Domestic Beer (0.5 liter draught)
3.00 $
    1.65 $
     -45.00 %
Imported Beer (0.33 liter bottle)
4.50 $
    2.48 $
     -45.00 %
Cappuccino (regular)
3.50 $
    2.48 $
     -29.28 %
Coke/Pepsi (0.33 liter bottle)
1.50 $
    0.74 $
     -50.50 %
Water (0.33 liter bottle)
1.25 $
    0.66 $
     -47.20 %
Markets
Milk (regular), 1 liter
1.00 $
    1.07 $
     +7.26 %
Loaf of Fresh White Bread (500g)
2.20 $
    1.82 $
     -17.67 %
Rice (1kg)
2.09 $
    1.24 $
     -40.82 %
Eggs (12)
2.00 $
    1.82 $
     -9.24 %
Local Cheese (1kg)
8.91 $
    6.60 $
     -25.92 %
Chicken Breasts (Boneless, Skinless), (1kg)
6.89 $
    5.78 $
     -16.18 %
Apples (1kg)
3.31 $
    2.48 $
     -25.15 %
Oranges (1kg)
3.31 $
    1.02 $
     -69.29 %
Tomato (1kg)
3.00 $
    1.32 $
     -56.00 %
Potato (1kg)
2.20 $
    1.24 $
     -43.86 %
Lettuce (1 head)
1.50 $
    0.83 $
     -45.00 %
Water (1.5 liter bottle)
1.75 $
    0.99 $
     -43.43 %
Bottle of Wine (Mid-Range)
12.00 $
    9.90 $
     -17.50 %
Domestic Beer (0.5 liter bottle)
2.00 $
    1.16 $
     -42.25 %
Imported Beer (0.33 liter bottle)
3.00 $
    1.65 $
     -45.00 %
Pack of Cigarettes (Marlboro)
6.00 $
    3.30 $
     -45.00 %
Transportation
One-way Ticket (Local Transport)
2.00 $
    0.50 $
     -75.25 %
Monthly Pass (Regular Price)
65.00 $
    29.29 $
     -54.94 %
Taxi Start (Normal Tariff)
3.00 $
    2.06 $
     -31.25 %
Taxi 1km (Normal Tariff)
1.40 $
    0.45 $
     -68.13 %
Taxi 1hour Waiting (Normal Tariff)
27.00 $
    12.38 $
     -54.16 %
Gasoline (1 liter)
0.99 $
    0.84 $
     -15.00 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
20,000.00 $
    16,500.97 $
     -17.50 %
Utilities (Monthly)
Basic (Electricity, Heating, Water, Garbage) for 85m2 Apartment
174.24 $
    78.38 $
     -55.02 %
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)
0.15 $
    0.28 $
     +89.76 %
Internet (6 Mbps, Unlimited Data, Cable/ADSL)
45.00 $
    33.00 $
     -26.66 %
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult
40.00 $
    41.25 $
     +3.13 %
Tennis Court Rent (1 Hour on Weekend)
20.00 $
    12.38 $
     -38.12 %
Cinema, International Release, 1 Seat
10.00 $
    4.95 $
     -50.50 %
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)
40.00 $
    51.52 $
     +28.81 %
1 Summer Dress in a Chain Store (Zara, H&M, …)
35.00 $
    49.50 $
     +41.44 %
1 Pair of Nike Shoes
75.00 $
    99.01 $
     +32.01 %
1 Pair of Men Leather Shoes
80.00 $
    66.00 $
     -17.50 %
Rent Per Month
Apartment (1 bedroom) in City Centre
900.00 $
    288.77 $
     -67.91 %
Apartment (1 bedroom) Outside of Centre
700.00 $
    239.26 $
     -65.82 %
Apartment (3 bedrooms) in City Centre
1,500.00 $
    577.53 $
     -61.50 %
Apartment (3 bedrooms) Outside of Centre
1,200.00 $
    495.03 $
     -58.75 %
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre
1,614.59 $
    1,056.06 $
     -34.59 %
Price per Square Meter to Buy Apartment Outside of Centre
1,184.03 $
    1,015.66 $
     -14.22 %
Salaries And Financing
Median Monthly Disposable Salary (After Tax)
3,171.00 $
    825.05 $
     -73.98 %
Mortgage Interest Rate in Percentanges (%), Yearly
4.30
    12.00
     +179.07 %
Last update
May, 2013
May, 2013
  • http://www.facebook.com/glynn.short Glynn Short

    Looks like Income higher in U.S. which is to be expected, However, I didn’t think Mortgage rates would be so high.

  • http://www.facebook.com/SidGrosvenor Sid Grosvenor

    Hi Glynn.

    Yes, Mexican Banks charge higher rates. Most real estate is bought for all cash.
    I’ve had clients to make home equity loans in the USA and buy for all cash at
    Lake Chapala.

    Some US mortgage firms will lend money to buy a home in Mexico, but the rates are higher and they require more paper work which can bump up the cost of closing by 1 to 1.5 % of the sales price of the home.

    So, most deals are made for all cash using an escrow account in the USA to hold and transfer funds. Often only the closings costs are wired to Mexico if the
    sellers want to be paid outside Mexico.

    Thanks for you input. Tu amigo, Sid

Email for more information:
Sid@ChapalaClub.com

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