How to retire in Mexico
Potential residents are advised to apply for a temporary resident permit, which allows free movement in and out of Mexico for a period of up to four years. After that, you will need to apply for a permanent resident visa.
Applicants for temporary residence must demonstrate that they have a monthly income of about $1550 in the last six months (from pensions, investments, etc.) or they have saved about $25,880 in the past year. Applicants for permanent residence must show proof of at least $2388 monthly income over the previous six months, or savings of $103 500 over the previous year, says International Living.Stay tuned for any changes to Mexico’s visa requirements as a result of recent elections in the country.
1. Costa Rica
Our top pick for affordable retirement is Costa Rica, with its famous pura vida lifestyle, security and stability, and fantastic travel opportunities. Read on to find out why you should retire in Costa Rica.
Costa Rica’s Pacific Coast, known as the South Zone, is very popular among North American expats. It offers a sunny beach close to the region’s incredible biodiversity. Southern towns like Dominical, Ojochal, and Uvita have plenty of amenities, including restaurants, markets, and public and private medical clinics.