By Don Murray
Like all of Mexico, Merida offers a reduced cost of living when compared to most places, north of the border. This is explained by low labor costs as well as reduced cost for materials and essentials. Due to the low wages, the market will simply not bear the sort of profits normally built into goods and services, north of the border.
Whether you rent or buy, housing costs are affordable for almost every budget. The singular exception may be related to purchasing and restoring one of the many colonial homes available for restoration. While their prices are very reasonable, the cost of the refurbishment may quickly reduce your bank account. That said, many expats have enjoyed taking on that challenge with great results.
Below is an example of a monthly budget for a couple living in Merida:
Rent three-bedroom apartment (Downtown) $550 to $850
Utilities (Electricity, Water, Gas) $60
Internet High Speed DSL Unlimited $24 to $30
Total $1,434 to $1,740