The wealth effect: Just how much farther does your money go in Mérida?

Its culture and society make expats feel welcome, but for many residents from north of the border, the lower cost of living in Mérida is a major draw.

A US$70,000 salary in Chicago, for example, feels like US$175,000 in Mérida.

That’s according to a new study from Far Homes, which tracks the cost of living in various cities.

Far Homes, which launched in June 2022, helps people from the US and Canada buy homes in Mexico. Using a cost-of-living index, the Seattle company found that even in inflationary times, Mérida compared favorably with several other cities.

(Article continues…)