Cost of living at least at this decade is something that is paramount and has been in relationship to other venues other than something more south perhaps in Central America.
As an example I offer you a few line items, and you can check out and see the bottom line.
Last week I needed some new socks.
Down to the mercado I went, I purchased 3 pairs of socks, and the asking price was 10 pesos for a pair, or 3 for 24 pesos.
Current exchange rates would make that 3 pairs for 2 dollars.
Similar socks in the states would be at least 6 dollars or more.
Food items on the other hand are even more reasonable.
Take a look at my receipt for some items purchased last week. The prices are in pesos and the weight is in kilograms. For ease of figuring out, make one Kilo = 2 pounds, although it is actually more.
We will start from the bottom:
- Betabel (beets) 1lb, 18 cents
- Chayote 1/2lb 48 cents
- Ejote (green beens) 1/2 lb 60 cents
- Limes 2 lbs 40 cents
- Papaya 2 lbs 90 cents
- Broccoli 1 lb 22 cents
- Cantaloupe 3lb $1.07
Keep in mind that you can spend more money by shopping at the larger "discount" stores or other places where you can pay more and get less of a value. By going to the local markets you would be surprised first off at the quality of the items and the total amount of money that you have spent when you carry a very heavy bag home with all kinds of fresh items.
Rents are also inexpensive. Gringos will of course be charged a lot more money than locals but you can get a nice one or two bedroom house anywhere from about 200 to 400 dollars a month. Many of those also include the utilities.
Also when you go into the more popular touristy places the prices will jump up considerable to what the traffic will allow. All in all, there is great value which probably explains why so many people have chosen to relocate down here.