Mexico
Temporary Resident Visa · Americas
From
Income Required
Overview
Mexico is the most popular destination for American retirees, and for good reason. Its proximity to the US, incredibly low cost of living, rich culture, and established expat communities make it an easy transition. Cities like San Miguel de Allende, Lake Chapala, and Mérida have thriving American communities with all the comforts of home at a fraction of the cost.
Example Cost of Living Breakdown
| Category | Monthly (USD) |
|---|---|
| Rent | $1,275 |
| Groceries | $430 |
| Transportation | $90 |
| Dining & Entertainment | $300 |
| Utilities & Other | $395 |
| Total Monthly Budget | $2,490 |
*Estimated monthly costs for a couple as of September 2026. Excludes healthcare. Your costs will vary by city and lifestyle.
Visa Requirements & Eligibility
Income Threshold
About $4,400/month or $74,000 in savings (as of 2026)
Renewal
1 year, renewable up to 4 years
Requirements
- Proof of income or savings
- Valid passport
- Completed application form
- Passport photos
- Payment of visa fee (~$40)
Step-by-Step Application Process
Research Your Destination
Visit potential cities for at least a month before committing. Consider climate, safety, and expat community size.
Gather Financial Documents
Bank statements showing required income or savings for the past 6-12 months.
Apply at Mexican Consulate
Schedule and attend your visa interview at the nearest Mexican consulate in the US.
Exchange for Resident Card
Within 30 days of arrival, visit INM (immigration office) to exchange your visa for a resident card.
Set Up Your New Life
Open a Mexican bank account, get a CURP (ID number), and register with local authorities.
Pros and Cons
Advantages
Extremely affordable cost of living
Close proximity to the US for visits
Large established expat communities
Excellent food and culture
No need for a car in many areas
Considerations
Safety concerns in certain regions
Healthcare quality varies by location
Bureaucratic visa renewal process
Extreme heat in summer months
Language barrier in rural areas