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3. Mexico
Whether your dream retreat is a graceful colonial home with lavish gardens, a simple beachfront bungalow where you can prop up your feet and watch the tide roll in, or a clifftop villa with sunset views and cool, steady breezes, you are likely to find your dream home in Mexico.
The cost of living is notoriously low. In fact, there are many places in the country where a wonderful life can be had for the price of one monthly Social Security check and this improves even more when you figure the normally favourable exchange rate from dollars to pesos. (A couple can live here for anywhere from $1,500 to $3,000 a month, depending on location—and that includes rent and healthcare.)
I didn’t even realize the host of other benefits that I’d enjoy living in Mexico. Once residency is granted, you can sign up for a national healthcare plan. Mexico offers two national healthcare plans for residents. The one most popular with expats is the Seguro Popular program where annual costs may be only a few hundred dollars for full coverage. If you’re over the age of 60, you may also receive your national senior discount card which opens the door to many discounts on goods and services, often ranging from 10% to 20%.
Because of its geographic diversity, you can also choose your favorite climate: from warm and dry to warm and sultry to spring-like temperatures all year in the Colonial Highlands.
Generally, however, the entire country is warm and mild with small amounts of snow falling only on the highest
peaks. A light sweater will add some comfort on the few chilly evenings.
But at heart, what I and most other expats love most about Mexico is the vibrant life and culture. And it’s quite easy to fit in. Popular expat destinations include the Lake Chapala area and San Miguel de Allende as well as most coastal retreats. These areas are brimming with expats who can make a newcomer feel welcome.
“I have lived in and visited many wonderful places in my life. But only two that were magical to me, where I felt an immediate feeling that I belonged there,” says expat Paula Nunes. “San Francisco in the late 1960s. And San Miguel de Allende in 2012.”
“Almost every time you go out, you meet people,” she says. “It’s really easy. People give out cards with their name, email, and phone number. I spend a lot of time with people born here, and it’s great. They’re wonderful. I’m trying to learn Spanish, and my Mexican friends are good about correcting me.” Paula has lived full-time in San Miguel since April 2016. She bought her home—a two-be- droom, two-and-a-half-bathroom house with two covered outdoor terraces—in the neighborhood of Colonia San Rafael, three years ago.
“When I bought, the dollar wasn’t as strong as it is now. It was at 15 pesos to the dollar,” says Paula. “It was less than $120,000.”
With its friendly locals, world-class restaurant and cultural scene, and its low cost of living, San Miguel has been an expat favorite for decades. And Paula doesn’t see herself leaving anytime soon.