The New American Dream - Retire in Mexico

In Baja California it is being called the New American Dream - retiring in Mexico.

Retiring in Mexico - the New American Dream

In the year 2000 less than 500,000 Americans were living in Mexico.  As of 2018, the ex-patriot population more than doubled to over 1.2 million, nearly half of them retirees.  Oddly enough, the government of the United States apparently is not keeping track of this demographic statistic however the Mexican Government is very keen on this trend and has an authoritative sense of the data, more importantly the revenue that streams into the Mexican economy.  Over 600,000 homes in Mexico are owned by Americans as of 2018, which is creating an ever-increasing housing boom in some of Mexico's more pristine markets, the places that Mexicans call "Real Mexico" the real Mexico.

Las Palmas Baja California
Pacific Ocean View

In the next decade 76 million baby boomers are going to retire and more than 50% are not prepared financially speaking to retire in the USA.  The looming American retirement crisis has no easy solution to save moving south of the border to Mexico where the cost of retiring is as much as 90% less expensive than retiring in the USA.  An ocean-front condo in San Diego will cost over 3 million dollars with annual taxes upwards of $3,000 - $5,000 compared to the cost of an ocean-front condo in Rosarito Beach, Baja California at $325,000 with annual taxes of less than a $1,000.

Las Roccas Fine Dining
Baja California Mexico

Besides the real estate value of the cost of living in Mexico is much lower than in the USA.  One factor in this equation is the current exchange rate, which is approximately 20 pesos to 1 dollar, almost double from 2016.  

Dinning in Mexico's restaurants is extremely attractive not only because there is real value, there are sensational establishments offering traditional Mexican food and international cuisine, such as Italian, Chinese, and yes American food.  Supermarkets similar to the big chains in the USA are very price friendly, which creates an easy to manage budget.

Perhaps the best reason so many Americans are retiring in Baja California is because of its proximity. Rosarito's fabulous retirement condominiums are just 30 minutes south of the border.  

                 
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email: sales.lostbajadiscovered@gmail.com
telephone: Mexico 011 521 661 110-8333

Boulevard Popotla 1905, Km. 31, Popotla
22710 Rosarito, B.C. Mexico