Mexico on a day? Sure, not a question if you can survive on four cervezas during the day and sleep in a tent pitched somewhere in the woods during the night. Of course, if you live on the Mexican Riviera, you'll only be able to afford a incorporate cervezas a day but you will be able to sleep on the beach! In 1997, we moved to Puerto Vallarta, Mexico, known as Vallarta or Pv by the locals, and inevitably, when meeting folks in the States, we're asked why in the world we would live there. Most assume it's due to the low cost of living in Mexico and that one can do just fine on public Security. The reasons why we have lived in Vallarta for ten years have very petite to do with the cost of living. One of the reasons has to do with the latitude of Vallarta which is the same as Hawaii, resulting in a climate honestly exquisite for golfing, fishing, tennis, hiking, swimming, or whatever your hobby is for seven months a year, November straight through May.
The habitancy of Pv, our sleepy petite Mexican fishing village located on Banderas Bay on the Pacific Ocean, just surpassed 350,000 making it equal in size to Anaheim, California or twice the size of Boise, the capital of Idaho. Of the 350,000 inhabitants, there are close to 50,000 North Americans during the seven month "high season". They have retired here in order to enjoy the many world class restaurants, seven magnificent golf courses, world class deep sea fishing, modern supermarkets and shopping malls, and night life galore. Most of these North American residents of Vallarta have satellite Tv with 350 channels, high speed internet service, air conditioning, and all the other modern conveniences that could be found in the States. Clean water, clean food, modern hospitals with the most recent in sophisticated tool for first class curative care, and a high regard for safety will be found here in Pv. Actually, there are very few reasons not to live in Vallarta.
We haven't lived here for ten years because it's cheap! As an example, gasoline is about 8 pesos per liter or .00 per gallon. Electricity is about the same as in the Us, while telephone calls to the States are about four times as much as the same calls from the States. Food in the supermarkets is about the same as in the Us; the imported products are much more, while the locally grown products may be much less. Imported hard-goods, such as electronics, at Sam´s Club, Walmart, or Office Depot, can be twice as much as the same products in the States. Automobiles are roughly 20% more expensive, imported clothing 50% more expensive, etc. From a residents perspective, Nafta isn't working too well because all imported items are taxed to the hilt and cost substantially more than they do in the States. Housing, on the other hand, is ordinarily much lower than in the States. Of course, this depends on where in the States and where in Pv, but as an example, a small house in Central Florida would compare to a casita in Pv with no view and would cost twice as much. A grand estate in Pebble Beach would compare to a luxurious villa on the hillside overlooking Banderas Bay and would cost two to four times as much. A 2,000 square foot condo in St. Petersburg, Florida, similar to one in the Marina Area of Vallarta, would cost roughly twice as much. On average, one can safely assume that housing costs in Pv are roughly half of that in the States, holding in mind that housing prices have roughly tripled during the ten years we've lived here. One unlikeness is that the house and condo values have been softening in California and Florida during the past year, while the boom in Pv is foreseen, to continue for at least other ten years. As the baby boomers retire and discover Vallarta, the demand for new houses and condos increases, as do the costs for land, materials, and labor, resulting in escalating real estate prices. Forecasts suggest that asset values will duplicate in the Vallarta area during the next five years.
There are a incorporate other essential housing associated differences. The first has to do with real estate or asset taxes. The every year predial or asset tax in Mexico is about .1% of the buy price of the property. Assume you bought a condo in Pv for 0,000 ten years ago, holding in mind that it was twice as much as you could have bought in the States. It's value today would be about 0,000, any way it's still on the books as 0,000 and it's every year taxes are roughly 0. A condo with the same cost basis of 0,000 ten years ago located in Florida or California could be taxed in any place from ,000 to ,000 today and remember, this 0,000 condo would have been half of what you could have purchased in Vallarta. Also, if you're a resident for more than five years in Vallarta and can show that it's your original residence, there is no capital gains tax upon the sale of your property. every year automobile taxes and consumption taxes are equivalent to those in the States.
First class curative and dental care is available in Vallarta at roughly half the cost of that in the States. Skilled technicians for auto repair, electronics repair, carpentry, plumbing, air conditioning, and electrical work are about the same as in the States. Of course, there are many non-professionals available in Pv that will work for half the price, but you get what you pay for! The one irregularity has to do with masonry. For a fourth the price of that in the States, you can have gorgeous granite counter tops, marble floors, tile work such as pools, etc. other major cost unlikeness is that of unskilled labor such as maids, gardeners, or handymen. They are facilely available for per day but don't expect the most efficient work in the world. Again, you get what you pay for!
In summarizing, the cost of living in Vallarta is probably somewhat lower than that in Florida and substantially less than California, given similar standards. It is probably higher than Milwaukee, Wisconsin or Cincinnati, Ohio but there's no comparison in life styles. One thing is for certain, we don't know of any Americans or Canadians living in Pv solely on their public safety payments. In order to live on a tight allocation in Mexico, you have to head inland, away from the tourist areas, away from Paradise, and can expect a totally separate life style. For the money, Vallarta is extremely hard to beat, but it's honestly not cheap!
resignation in Puerto Vallarta - Live in Mexico - Cheap, Huh?
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