How many pesos is considered rich in Mexico?
Also to know is, is 500 pesos a lot in Mexico?
500 pesos/day is my frugal average, including travel inside Mexico. This means hostels and cheap hotels, and two or less ballenas per day. It will be tight but you can do it.
Also Know, what is considered upper class in Mexico? According to a report from Mexico's National Institute of Statistics and Geography (INEGI) Mexico's elite upper class includes 1,340,000 people or 1.7 percent of all the country's inhabitants.
Considering this, is $100 a lot of money in Mexico?
At current exchange rates, $100 USD is around $1,900 MXN. That is about a weeks worth of wages for a lot of manual labor jobs outside of the major cities. For some people in Mexico, $1,900 pesos is quite a bit, but for others, not much at all. Mexico is not really a poor country.
How much money do you need to live comfortably in Mexico?
So for roughly $2,155 a month, or about $25,860 per year, a couple could retire comfortably in Mexico. And depending on the exchange rate between the peso and the U.S. dollar, Americans might be able to stretch their retirement budget even further.