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However, before moving to Mexico, you must prove you’re able to live there independently.
Mexico is a cheap place to retire, butnot as cheap as you think.
Can You Afford To Retire in Mexico?
The minimum financial criteria depend on whether you apply for atemporary or permanent visa.
I had to present my U.S. bank statements to show I getSocial Security and pension deposits.
I also had to show other asset statements.
The Mexican consulate provides the minimum amount youll need in pesos.
The amounts listed below are based on an exchange rate of 18 pesos per $1.
A temporary residency allows you to stay in the country forlonger than 180 daysand up to four years.
you’re free to leave and return to Mexico as often as you would like.
A permanent visa allows you to come and go as many times as you want.
There are no requirements that you stay in Mexico for a particular length of time to prove residency.
You must have a job or pension that yields $6,800 a month after taxes during theprevious six months.
I use mostly cash for other expenses, though most U.S. credit cards are accepted in Mexico.
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