Cost of living in Riviera Maya

Many people inhabit Riviera Maya year after year, as a digital nomad or for permanent retirement. Today I am going to tell you a little about the Cost of Living in the Riviera Maya, in order to make an informed decision in case the Riviera Maya is one of the places you are thinking of to retire, invest or spend a few months while you work. from distance.

You have to take into consideration a series of factors that also influence whether the cost of living is more or less high, for example, Size of family, long or short term living in Riviera Maya, where you going to live, energy consumption, etc.

1.- Cost of renting a house
If you come to Riviera Maya for a long vacation, the best option is a long-term rental. Most people are looking for a new and modern apartment that is located in the center of the city, walking to the beach. Most of these places are priced between 16,000 to 30,000 Mexican pesos per month, however, there are also more basic studies with even lower prices in the corners farthest from the center.

On average, prices are from $ 350 - $ 1,000 USD per month, and it is normal that all services (electricity, water, gas, internet) are paid separately according to the use of each one. Many places charge one month's rent and a security deposit equal to another month's rent, upfront. To this, we add the cost of the lease.

2.- Cost of buying a property in Riviera Maya
If your idea is to live on the beach permanently, then the best idea is to invest in the purchase of a unit. Taxes for the purchase of a home are very low in Mexico, but as foreigners, there is something that they should take into account, which is a Trust, it is paid annually, and this exists due to the clause that foreigners cannot own land in Mexico within 50 kilometers of its limit

And depending on the location and property you want to invest in, prices can range from a downtown studio to around $ 150,000 USD and more modest homes in local developments starting at $ 60,000 USD.

Most places in Playa del Carmen require a monthly HOA or Condo Fee that you should consider in your expenses.

3.- Transportation costs
Depending on where you live, your expenses will change, if you are not living within walking distance of everything, you should also think about transportation costs. In the downtown area, the cost of a taxi will be around $ 40.00 pesos, varying to further zones. Collective transportation has a cost of $ 10.00 pesos, but it is important to know the areas before venturing to take one.

4.- Cost of the supermarket
This is possibly an area where you could save a lot compared to where you live now. Many fresh foods such as fruits and vegetables can be purchased at small greengrocers and local stores.

5.- Cost of services
Internet services, cable, water, gas can have a fixed value, the most variable cost could be electricity, which depends a lot on the amount of time you use air conditioning, if the building is completely electric, among other expenses.

In summary, the costs of living in Playa del Carmen vary a lot depending on different aspects, for example, use, consumption, and others.