Why Mexico is One of the Best Places for Retirement

You're looking to get more out of your money set aside for retirement, but aren't willing to sacrifice a good location and community. So why is Mexico one of the best places for retirement?

A survey conducted by the International Community Foundation questioned more than 840 U.S. retirees in coastal areas of Mexico who were over 50 years old. The survey found that:

• U.S. retirees chose Mexico for retirement due to its proximity to the United States and its affordability relative to other retirement destinations in the United States.
• U.S. retirees in Mexican coastal communities are relatively young and well-educated. Nearly 53 percent are under 65 years of age. Almost two-thirds have at least a college degree; another 28 percent attended at least one year of college.
• U.S. retirees residing in Mexico continue to maintain strong ties to the U.S. with 50 percent still considering the United States as their primary country of residence; almost 22 percent return to the U.S. on a monthly basis.
• Almost 44 percent of Americans residing in Mexican coastal communities were able to live comfortably on less than $1,000 USD a month for household expenses. This is significantly different from the U.S. where in California, a senior might need $21,000-27,000/year.