hey everybody Qroo Paul here welcome to the channel just in case you're unaware this is
a channel for folks thinking of moving to mexico uh many of the folks i'm talking about are from
the united states and typically they're looking for a laid-back mexican lifestyle that fits their
budget i hear from a lot of retirees who are struggling to make ends meet back home and they
ask a lot of questions about the particular costs of products and services in mexico
how much are groceries how much to see the doctor how much is water electricity things like that
they ask me all these questions really just to answer a question they have in their own mind
and that question is will my limited income be enough to live comfortably in mexico because
really that's what it boils down to right well without going through an itemized list of the
average costs for absolutely everything one quick way to get an idea if you will have enough income
to either live or at least spend you know some extended time in mexico
is to look at the salaries in mexico and the reason is that salaries and cost of living are
intrinsically linked if salaries are higher you know the cost of living is going to be higher
we see this in the u.s too right have you ever heard anyone say something like hey you know
the salaries are super high in california but fortunately the cost of living is cheaper than in
tennessee no of course not you'll never hear that because salaries and cost of living are linked if
you're living on a set income and you want to know if you can afford to live any place in the world
all you have to do is look at the salaries and you're going to get an idea that fast at this
point in the video i could show you a long list of salaries from mexico for different occupations
but instead i thought it would be more interesting to compare two different occupations that are
normally on opposite ends of the spectrum in terms of salary and then see how those compare like ones
in mexico and the other ones in the u.s and that brings us to the question on the thumbnail who
gets paid more u.s fast food workers or mexican doctors let's start with a fast food worker
in certain areas of the u.s even entry level fast food workers are making a minimum of 15
an hour so a full-time employee who does not work any overtime would still have an annual salary of
around thirty one thousand two hundred dollars and of course they would work up from there right now
let's look at doctors in mexico according to ciep which is an organization that gathers statistical
information about jobs in mexico the salary range for a general doctor in the public health care
system is between 13 190 and 40 014 mexican pesos a month and the salary range for a specialist
is between 16 768 and 46 702 mexican pesos a month so for you folks that aren't up on conversions or
you just can't do math like that what would that be a year in u.s dollars so annually a general
doctor may make anywhere from 8 000 to 24 000 u.s a year and a specialist is going to make more
they're going to fall between 10 000 and say 28 000 u.s a year well there you go it looks like
our entry level first day on the job no experience no training fast food worker won this round now i
know you're still trying to wrap your head around some of those numbers um by mexican standards
medical doctors are paid very well that alone tells you that the cost of living in mexico is
much lower than what you're typically used to in the us that includes everything from medical
care to cell phone plans i mean everything you know living in mexico changed how i view
the value of money altogether it's like a real paradigm shift of what i think the value should
be of something and once i was paying so much less for the same things that's when i realized wow the
united states is super expensive now the reason i put such detailed salary information for the
doctors and i just didn't give you a median salary is because i know that this information can help
folks who are watching this video determine if the income they plan on living on will be enough
you know you're actually seeing some numbers of a job that's a pretty high paying job here in mexico
it really boils down to how you want to live you know your quality of life for example what are
your housing options within your budget range etc you know since we're talking about income and cost
of living i want to touch briefly on the financial requirements to get residency in mexico now that
you have a better idea of what people are making in mexico we're talking about your top end earners
these requirements may seem well quite excessive so in order to qualify for temporary residency
in mexico through economic solvency you have to show that you have a monthly income
either through retirement or working outside mexico like you digital nomads of at least 2 52
us dollars a month and you're proving this through bank statements so we're talking about net not
gross now that figure i just quoted you changes a bit by mexican consulate and i'll explain all
that in another video this particular figure i'm showing you is the one quoted by the mexican
consulate in san diego in case you're wondering how much that is a year it comes to 30 624
u.s dollars that is more money than 95 percent of the population makes in mexico mexico is clearly
only looking for residents who are going to be able to pump money into the local economy
just fyi there are different routes to get mexican residency i plan on doing a future video on that
topic with all of those details i'll also be talking about possible options for folks who don't
meet those financial requirements etc if things like that interest you you might want to subscribe
oh and don't forget to hit the little bell so you'll get a notification anytime i come out with
something new well that's it for the video i hope you found it informative until next time hasta lue