Mexico's Cost of Living Index is 42.99, indicating it is affordable compared to NYC. Groceries (47.95) and restaurant prices (43.71) are also relatively low.

The property price to income ratio is 13.48 years, suggesting housing is expensive relative to income. The Rent Index is 16.83, indicating relatively affordable rental costs.

The Purchasing Power Index is 53.26, which is considered low compared to NYC, indicating lower average income relative to the cost of goods and services.

Mexico has a progressive income tax system with rates up to 35% for residents and up to 30% for non-residents on Mexican-sourced income. The standard Value Added Tax (VAT) is 16%. Property taxes are relatively low, ranging from 0.05% to 1.2% of the cadastral value, with regional variations.

Mexico was ranked 60th in the World Bank's 2019 Ease of Doing Business report. While its startup ecosystem is vibrant, ranking 43rd globally in 2025 and 1st in Central America, the country is also noted for its high business complexity due to stringent regulations.

Mexico's social security system, primarily IMSS, offers mandatory coverage for formally employed residents, including healthcare, pensions, and disability benefits. IMSS-Bienestar provides free or low-cost healthcare for those without social security. Many expats also utilize the robust private healthcare sector for shorter wait times and broader choices.

Deposits in Mexico are protected by the Instituto para la Protección al Ahorro Bancario (IPAB) up to 400,000 UDIs, which is approximately MXN 3 million (USD 154,000) per depositor per bank. The banking sector is stable, well-regulated, and characterized by strong capitalization and liquidity.