Is the cost of living in Mexico high?

"I have found that the cost of living in Playa is much lower than in the States. This makes living on a retiree income and budget very satisfying. Even stores outside of Wal-Mart have lower prices. And because of the currency exchange rate, I am paying less for my rent than when I first moved here," explained one expat living in Playa del Carmen, Mexico.

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SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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"Unfortunately due to major influx of Californians, New Yorkers and big oil Texans, Puerto Penasco aka Rocky Point is no longer a destination for moderate to lower income retiree. Its a sad fact. While many bloggers, RE professionals will disagree with my view, as a retiree with median range retirement income I have watched as cost of living for serviced based needs have gone up as much as 100%. In 2018 you could buy breakfast for two at a nice restaurant for near $18 USD. Now, the same place and breakfast for two ends up much closer to $38. Beach side margaritas used to be $5- $7 in 2018. Now $10 to $12 depending on the vendor. While there are a few spots remaining reasonable, its no longer cost effective for them to remain low priced because their competitor is raking in the Cali cash. Tours and seaside adventures have gone up as well. What used to be $80 for a day at sea is now $140 per person. Even panga banana boat operator's are charging more these days and its not due to gas. Upkeep of your house. It used to be usual to pay someone to work on little projects around your house (reapplying elastomeric) for about $200 including your balusters. Not no more. $400 and up. Rentals. Jesus! American developers renting out for 1200k monthly seems like alternate reality but it's not. Gone are the days of the reasonable, and sadly that also affects the locals. Yet, since Californians stating, "its so cheap," they are leaving the rest of us in a real pickle. So. Sorry to say. Good ole Rocky point, no longer for all of us," said another expat in Puerto Penasco, Mexico.