How much money do you need to live in Cancun?
Cancun, a tropical paradise famous for its white-sand beaches and lively culture, is one of the favorite destinations for expatriates and retirees. But before deciding to make a move, there is a need to know what living in this paradise costs. In this blog, I will break down the monthly living costs that you should expect when you are there.
Monthly Living Costs
The cost of living in Cancun is different and varies based on lifestyle and individual conditions. For instance, a single person would require around $1,257 a month, whereas a family of four might require about $2,769 for an acceptable standard of living. Such estimates are generally able to cater for housing, food, transportation, and other entertainment expenses.
Housing Costs
Rent is normally the biggest bill for newcomers. One-bedroom in city center cost $585 per month. A one-bedroom outside city center will probably cost about $450. A three-bedroom in city center might cost anything between $1,200 and $2,500 according to area and facilities needed by the family.
Groceries and Food
Groceries in Cancun are relatively reasonable compared to in many Western Countries. A groceries bill for an individual can, on average go up to 200-$300/month depending upon the individual's diet preferences. Eating out isn't too pricy either and a meal eaten at a "dollar a taco" shack might be up to 10 dollars, yet a three course meal for two at a reasonable restaurant might hit 40 bucks.
Utilities and Internet
The typical utility bills covering electricity, water, heating, and garbage of a 85m² apartment for a month vary between $100 and $150. A high-speed internet would cost roughly around $30 monthly. It's wise to provide these in a budget since usage tends to go up and down sometimes.
Transportation Costs
Public transportation in Cancun is both convenient and very affordable. A one-way ticket on local transport costs about $0.60, while a monthly pass is about $50. In case one prefers to take a taxi, ride-sharing services will cost an average amount of about $7 for the average trip within the city.
Health Insurance
Healthcare is another critical consideration when moving to Cancun. Public healthcare is available, but most expatriates opt for private health insurance to ensure access to quality medical services. Monthly premiums can vary widely but generally range from $50 to $150, depending on coverage levels.
Additional Expenses
There are also important considerations to include in leisure activities and entertainment. Gym memberships are usually about $25 per month, while a movie ticket is around $5 for each ticket. If you have children, the international school fees can be fairly high, averaging around $5,360 per yea.
Budgeting for Relocation
When preparing for your move to Cancun, consider using services like Mudanzas CDMX for efficient logistics management. These services can help streamline the process of relocating your belongings from Mexico City to your new home in Cancun.
In conclusion, living in Cancun can be financially feasible with careful planning and budgeting. The average monthly costs range from $1,257 for individuals to about $2,769 for families. By understanding these expenses and utilizing local resources effectively—such as Mudanzas CDMX for moving logistics—you can enjoy all that this beautiful city has to offer without financial strain. Whether you're drawn by the beaches or the community atmosphere, Cancun has something special waiting for you.
