Mexico
With sandy beaches and gorgeous colonial cities, Mexico’s Yucatan peninsula, which includes Cancun, is said to be one of the safest areas for international retirees. If you’re looking for small-town life rather than a big city, you could settle in Ajijic in western Mexico, which has stunning lake and mountain views as well as easy access to Guadalajara Airport. A one-bedroom apartment near Ajijic rents for under $400 a month. Not to mention, a few dollars a week will be enough to buy bags of fresh local produce and fish. Private health insurance in Mexico gets more expensive as you get older, so a lot of retirees hold on to medical coverage plans from their home countries. A specialist appointment in Mexico would cost $25 to $30, while a doctor visit outside cities costs just $10 to $15.
Mexico
How to retire in Mexico
In order to retire in Mexico, one option is to apply for a temporary resident visa at a Mexican consulate in the U.S. This particular visa grants a one-year residency and can be renewed for another three years. From January 2019, retirees are looking to apply for this visa have to show a savings balance of $27,000 or proof of income from a foreign pension or investments of $1,620 a month over six months. Another way to retire in Mexico is by applying for permanent residency immediately. You’ll be required to show you have a monthly income of $2,700 or savings of around $108,000 over the previous 12 months. Married couples should also add another $540 to the monthly income requirements for both visa types.
How To Retire In Mexico
