How Much Did Your Cost of Living Go Up?

March 3, 2016

Hi Everyone,

Hope this  post finds you doing well and not too cold. I sometimes forget (but not for long) how hot the summers were in Texas and how cold the winters could be as well. After many years here at safe, beautiful and very affordable Lake Chapala, Mexico I almost have to pinch myself to be sure I’m not dreaming.

Each year about this time I do a Mexican Peso comparison with the US Dollar. It usually varies a little each year, but WOW, this year the US Dollar is very strong against the Mexican Peso. I had been hearing rumors that the exchange rate might move as much as 17 Mexico Pesos for each US Dollar.

That would be good news for those of us who receive US Dollar pensions. Many pensions get a small up tick to try and keep  up with inflation in the USA and or Canada.

Well, hold onto your sombreros amigos because it now trades at the official rate of 19 pesos for each US Dollar. What that means for those of us that receive US Pensions in dollars that our dollars will go  further than ever before.

In December 0f 2015 the exchange rate was 14.27 Mexican peso for 1 US Dollar. So, it’s like getting a 4.73 % increase in your buying  power in US Dollars. So unless prices go up here in peso terms everything I buy after converting my dollars to pesos will cost me 4.28% less. No, I’m not taking into account inflation here or the USA or Canada.  So far I’ve not seen much in the way of increasing prices over the last few years.  I can still get my car washed for 30 pesos (less than $2.00 USD at the new exchange rate) by the car wash guys plying their trade inside Chapala (the City).

Each time I write a post about the cost of living and compare prices here and in the USA (Texas area) I get some feedback telling me I missed something. I’m likely GUILTY as charged since these comparisons  can involve so many different things to try and take into account. So, your comments are always welcome to agree or disagree with anything I ever post.

I’m not an economist or money trading expert, but my general sense of my expenses here are that it get’s to be a better deal each year to live, work and play here at Lake Chapala – Ajijic.

I’ve been enjoying the good life here for almost 15 years. Looking forward to the next 15 years. If can help you to know more about life here in Paradise  just shoot me an e mail to Sid@ChapalaClub.com

All for now, Siempre tu amigo, Sid

P.S.  As most of you know I’ve been a Realtor here for most of the last 15 years. And also for most of that time I’ve spealized in being an “Exclusive Buyer’s Only Realtor” I do not list houses for sale. I just help you find the best house in the best neighborhood at the best price for you.

Just Looking, just checking out the area. Never plan to buy?  That’s fine. Just e mail me at Sid@ChapalaClub.com to see how I can help you. Want to rent. I have contacts with the best rental agencies and will even help check out your potential rental for you (no charge… BEFORE You sign the rental Agreement!

 

 

Email for more information:
Sid@ChapalaClub.com

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