For just over a quarter of a century, International Living has ranked, rated, and named the best retirement destinations in the world. Each year they’ve refined and improved the process. They bring new categories and considerations into play, gather new data, and ask better questions of a greater number of people.
They’ve added countries to the shortlist as they moved into the limelight, and let others drop away. But the winner this year for retirement, Mexico, has been the constant. For the past 14 years, Mexico has ranked in the top 10 retirement destinations on the planet. And—for the fifth time—it takes the top spot once again in their Annual Global Retirement Index.
IL looks at a country’s cost of living, retiree benefits, climate, healthcare, and much more. According to IL, Mexico has always offered the easiest transition to life abroad. With its low cost of living, easy access, and friendly locals, Mexico offers an appealing balance of exotic foreign culture and familiarity.
Over recent years, crime and insecurity across the border have made headlines. And yes, there are parts of Mexico they don’t recommend. But this is a big country, and while the mainstream media may bash Mexico, there is an increasing trend of people gravitating here. And, there’s a reason over 1 million Americans call Mexico home.
Cost of Living
The cost of living is great, better in some areas than others. Many retirees report living well for as little as $1,200 a month. Those dollars also go even further when it comes to Mexican healthcare. You can get health care that’s better quality than what you’re used to and for one-half to one-third the price.
“The cost of living in Mexico allows me to live a fun life on my Social Security check,” says San Francisco-native Jack Bramy. Living half a block from the beach in Puerto Vallarta, Jack’s not scrimping. “There are great restaurants and tons of cool bars on the malecón (promenade). My rent is $575 a month for a two-bedroom apartment with a great modern bathroom and nice kitchen.”
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