The Best Places to Retire in Mexico in 2024

Are you picturing your golden years with a refreshing drink on a sun-filled beach or savoring rich cuisine in a bustling city square?
Mexico is more than a dream retirement destination for many people. The country’s warm climate, vibrant culture, and low cost of living have long been irresistible to expats looking for a quality life in their golden years.
With so many stunning destinations in the country, how do you choose where to settle down?
Discover the best retirement spots in Mexico, from the beautiful beaches of the Mexican Riviera to the vibrant cultural centers of traditional Mexican life.

Mérida

With a cost of living that’s as appealing as its colonial charm, Mérida is a wonderful place for retirees, offering a perfect mix of affordability, culture, and connectivity. It’s a city where modern amenities like Costco and Home Depot meet the vibrant beats of local music and baseball games.
The average monthly living expense in Mérida is as little as $700 per person, excluding rent. With such a low cost, your retirement savings can stretch further, allowing you to indulge in the rich cultural heritage this city has to offer.
The city’s calendar is packed with cultural events, from weekly traditional dances to annual festivals, ensuring that your retirement is as enriching as it is relaxing.
When it comes to owning property, Merida’s real estate market has something for everyone. Compared to the rest of the country, the city offers a competitive price. Its close proximity to beaches and high-quality life and safety makes Mérida an ideal place to own property.

Cancun

Cancun is a  world-renowned tourist destination with crystal-clear beaches and rich nightlife, but it’s not just a party destination. For retirees, Cancun offers a slice of high life with all the comforts one could ask for, including amazing state-of-the-art healthcare facilities and endless entertainment options.
The cost of living here can be adjusted to suit a range of budgets, with the average cost being about $750, excluding rent.
Moreover, as a place with a well-developed expat community, living in Cancun means that finding friends and new hobbies is as easy as a walk on the beach.
When it comes to settling down, Cancun’s real estate market is filled with opportunities for all budgets. And you won’t be alone; a thriving community of expats stands ready to welcome you, offering instant friendships and a wealth of activities just waiting to be explored. In Cancun, retirement can feel like a constant vacation in a city that never sleeps.

Lake Chapala

Nestled in the Sierra Madre mountains, the picturesque Lake Chapala is the biggest freshwater lake in Mexico and is known for its eternal spring-like climate. The lake’s shores are dotted with quaint villages like Ajijic, where many expats find a welcoming community amid cobblestone streets and colorful homes.
With an active social scene, clubs for every interest and a landscape that inspires outdoor activities, Lake Chapala offers a retirement that is both socially rich and peacefully serene. This destination has become a magnet for retirees seeking a mix blend of leisure and adventure without straining their budget.
Owning a property in Lake Chapala can be a rewarding experience for expats who wish to live in a peaceful and friendly environment. The city has a thriving expat community, a rich culture, and a warm climate, which are great assets for real estate.

Playa del Carmen

Playa del Carmen combines the appeal of a beach town with the enlightenment of an urban center. Retirees can enjoy the convenience of city living with the relaxation of seaside life, all in a setting that offers a more manageable cost of living compared to its northern neighbor, Cancun (around $650 a month for a person, excluding rent).
Finding like-minded friends is also easy in Playa del Carmen for retirees. It’s Fifth Avenue (Quinta Avenida) is the heart of the town. Lined with shops, restaurants, and bars, it is a bustling hub for expats, tourists, and locals.
For those seeking a place to call their own, Playa del Carmen’s property market is very diverse and accommodating. It’s also a town that promises a time filled with discovery, community, and the tranquil beauty of a seaside paradise.

Puerto Vallarta

Imagine waking up to the sound of waves in a town that combines the charm of a traditional Mexican pueblo with the conveniences of a modern city. Puerto Vallarta is a retiree’s dream for ocean lovers, offering everything from boating to whale watching, all within reach of a budget-friendly cost of living.
As a retiree, you can enjoy this Pacific paradise’s diverse ecosystem, from whale watching to lush jungle treks, for a monthly budget of around $700, excluding rent. The city’s exuberant culture is matched by its high-quality medical facilities, making it a place where leisure and well-being go hand in hand.
Puerto Vallarta is an ideal place to start a permanent residency and own property as an expat. It offers a high-quality life of both city and beach amenities. Whether you’re drawn by the allure of the ocean or the charm of the local culture, Puerto Vallarta provides the perfect setting for a serene yet compelling retirement.

Akumal

Akumal is a serene beach town known for its clear waters, barrier reefs, and turtles that favor its bays. With the average cost of living being about $900 a month (excluding rent), Akumal will provide value for every dollar, giving retirees a laid-back lifestyle that revolves around nature, the sea, great food, and a relaxing vibe.
Akumal’s barrier reef is an underwater sanctuary for snorkeling enthusiasts, while its beaches are perfect for leisurely afternoons under the sun. It’s an ideal retreat for retirees who seek a calm environment but still value accessibility to more bustling tourist hubs.
Akumal offers beautiful properties with ocean views for expats who want to own them. It provides the best destination retirement for expats who wish to enjoy a peaceful and affordable retirement in a tropical setting.

Mazatlán

With the Mexican Riviera as its backdrop, Mazatlán offers a resort-like lifestyle without the exorbitant costs—expect to spend about $650 (excluding rent) per person monthly. Retirees here can stroll the longest malecón (boardwalk) in Mexico, explore the historic Centro, or indulge in fresh seafood.
Expats are also often drawn to its vibrant festivities, culinary scene, and the welcoming warmth of locals and fellow expatriates alike. As one of Mexico’s safest cities, Mazatlán is a perfect place for those seeking a serene retreat to enjoy their golden years.
Mazatlán strikes a perfect balance between a rich culture and the laid-back vibes of a coastal city, all while being one of the safer choices for expats.
The city’s real estate market here is as inviting as its sunsets, with a range of properties that cater to those looking for their dream retirement spot by the sea. From high-rise condos offering panoramic ocean views to traditional homes in the heart of the Centro Histórico, Mazatlán’s property scene provides an array of choices for every taste and budget.

Tulum

Tulum is the jewel of the Riviera Maya, attracting those who seek a harmonious balance between relaxation and adventure. The cost of living in Tulum starts at around $1000 a month (excluding rent) and reflects its growing popularity. Yet many retirees find the bohemian atmosphere and proximity to ancient Mayan ruins to be well worth it.
Tulum’s pristine beaches and lush jungles provide a natural playground for activities from yoga to diving. Its eco-chic vibe is carried through boutique accommodations and organic eateries, making it a unique spot for retirees interested in sustainable living and wellness.
The average property prices in Tulum offer something for every budget, whether you’re seeking a modest retreat or a lavish sanctuary. As the destination grows in popularity, so does its real estate value, making it not only a place to call home but also a smart investment.

Oaxaca

In Oaxaca, every street corner tells a story. This city is a symphony of indigenous traditions, colonial architecture, and culinary excellence. With living costs ranging from $900 to $1500 for a person, it offers a moderate climate and a lifestyle rich in experiences.
From exploring ancient Zapotec ruins to attending vibrant fiestas, Oaxaca provides a colorful cultural backdrop to retirement. It’s the perfect place for retirees seeking a culturally rich life with reasonable prices.
Oaxaca is a popular destination for expats who wish to own property in Mexico. Compared to other cities, such as Cancun or Los Carbos, Oaxaca prices are relatively cheap. Its popularity among tourists makes it an ideal investment opportunity.

Cabo San Lucas

Cabo San Lucas is a gem at the southern tip of the Baja California peninsula, offering a unique combination of desert landscapes and oceanic panoramas. Renowned for its world-class marinas, spectacular golf courses, and lively nightlife, Cabo is a haven for retirees seeking adventure and relaxation in their golden years.
The cost of living here varies, and it can be tailored to suit various budgets, starting at around $800 (excluding rent). The local community is welcoming to expatriates, providing a sense of belonging in the beauty of nature. Here, retirees can indulge in the freshest seafood, explore the rich marine life, and enjoy the mild, sunny climate all year round.
The real estate market at Cabo caters to a broad spectrum of preferences and budgets. Whether you’re searching for a modest home with desert views or a lavish villa overlooking the Pacific, there’s a property to match your dream retirement plan.

Mexico: A Dream Location to Retire

For many, Mexico is a dream location to spend their later years as it not only promises a cost-effective retirement but also sun-filled rich experiences that cater to diverse tastes and preferences. Whether you’re drawn to the serenity of the mountains or the allure of coastal towns, each location presents an opportunity to retire in a setting that feels custom-made for your comfort and enjoyment.
With its vibrant cultures, stunning landscapes, and welcoming communities, Mexico provides a retirement experience that goes beyond the conventional. It’s a place where every day offers a new opportunity for discovery and delight. From the bustling markets and lively festivals to the quiet afternoons on sun-soaked beaches, life in Mexico can be as colorful and dynamic as you choose.
It’s a country that not only fits your retirement dreams but raises them, inviting you to explore, relax, and connect in ways you’ve never imagined. So, if the idea of a retirement filled with adventure, beauty, and tranquillity appeals to you, look no further than the diverse and captivating regions of Mexico.

Find Your Dream Home in Riviera Maya with AYA Real Estate Agency

Are you ready to turn your retirement dreams into reality in the breath taking Riviera Maya? AYA Real Estate Agency is here to guide you every step of the way.
We understand that every retiree has unique aspirations and requirements. Our approach is tailored to your specific desires, providing personalized consultations to understand your priorities and aspirations fully.
Our team has in-depth knowledge of the Riviera Maya’s diverse areas. Whether you’re drawn to the laid-back charm of Playa del Carmen, the serene beaches of Akumal, or the vibrant culture of Tulum, we will help you find a location that aligns perfectly with your lifestyle preferences.
Contact us today, and let’s turn your dream into a reality.

FAQs

Where do most expats retire in Mexico?

Playa del Carmen. Located on Mexico’s Riviera Maya coastline and surrounded by other picturesque locations like Tulum and Akumal, the Riviera Maya is one of Mexico’s most popular destinations for people to retire. Playa del Carmen specifically is popular for retirees, known for its beautiful white sandy beaches.

Is Mexico expat-friendly?
Yes. Mexican culture is very vibrant, and Mexican people are generally very friendly and welcoming. Many who move here find a more active and enriched social life, coupled with a community that’s as inclusive as it is diverse.
 
 
How much money do you need to be an expat in Mexico?
 Living comfortably as an expat in Mexico can cost anywhere from $600 to $2000 a month, influenced by your chosen lifestyle and the city you call home. This range accommodates various lifestyles, from the modest to the more luxurious.
Why do expats move to Mexico?
Expats are drawn to Mexico for its year-round comfortable weather, affordable living costs, and rich cultural heritage. The land promises a laid-back lifestyle, with access to high-quality healthcare and a lower cost of living, making it an ideal destination for those seeking a better quality of life amidst stunning natural beauty.

Can expats own cars and drive in Mexico?

Yes, expats can legally own and drive cars in Mexico. To do so, they must have a valid driver’s license, a letter of permission if the car is rented, a visa document, and Mexican car insurance. 
Why do expats move to Mexico?
Expats are drawn to Mexico for its year-round comfortable weather, affordable living costs, and rich cultural heritage. The land promises a laid-back lifestyle, with access to high-quality healthcare and a lower cost of living, making it an ideal destination for those seeking a better quality of life amidst stunning natural beauty.
Can expats own cars and drive in Mexico?
Yes, expats can legally own and drive cars in Mexico. To do so, they must have a valid driver’s license, a letter of permission if the car is rented, a visa document, and Mexican car insurance.