Hi Jordan, Jerry Brown here and Lori Brown just want to reach out to you and say how much I have been enjoying your new format educating us. I’m very impressed with your intelligence and your thoroughness and what you are reporting to us. Keep up the good work.
Hey Jerry - been watching you both for a few years now and been impressed with you both too. -- These days - I HAVE TO WONDER IF YOU BOTH ARE READY TO GIVE UP ON - '''Mexico''' - and perhaps move on to Colombia (?) or someplace (?) with a much more favorable exchange rate - AND - '''rational'''' visa laws ? -- -- -- Argentina might be much better - with this new President.........🤗
I Move From California To Acapulco 2 Years Ago Cause I'm Retired...And One Thing I Never Do Is To Go Shopping At A Supermarket Their Prices Are To High...For A Family Of 4 I Spend 1.500 Pesos A Week In Food Plus 500 For Tortillas Sweet Bread Bolillos Things Like That In Total I Spend 2.000 Pesos Weekly Since I Move To Acapulco...But I Shop At The Local Central Market Where Everything Is Fresher And Cheaper...So I Personally Don't Agree With The 25% Inflation Numbers...My Advice Don't Shop At Walmart Aurora Or Soriana That's Just Me...Patronize The Local Merchants.
@@hoppeanofasgard1365 An Average Is About 10 To 15% More Per Item...An Especially The Meat Is Not Only More Expensive It Looks Really Bad Also Is Frozen Meat Same With The Seafood Is All Frozen...Because I'm From Acapulco I Like Fresh Fish...Now Look At The Cost Of Renting A Huge Building Have Huge Freezers The Electric Bills And Lots Of Employees All Those Expenses Are Paid By You...Seller At A Local Market Don't Have Those Experiences They Are Own By Families And Have One Or Two Employees.
@@AcapulcoLaRivieraDelPacifico True, but super markets also have the privilege to buy in bulk because they're so big. In the end the mercados are still cheaper I know, but it's just not by a large margin, as you say about 10 to 15%. Still, savings is savings. thanks for sharing.
@@hoppeanofasgard1365 Probably around 20% cheaper (small town), they've gone up as well but not as bad as the chains and they're usually fresher, the same applies to meat, my local fruit and veg guy goes once a week to the big market in Guadalajara and my butcher kills his own meat once a week from local livestock... so both are much fresher than the chains whose meat is probably all brought in frozen from factory farms.
Thanks for sharing. I'm mexican, from Guadalajara. I've had the chance to travel to Europe in the last two years and I can tell you that it is cheaper to tour in Europe than the hot spots in Mexico (P.V., Los Cabos, Cancún, Mexico City, GDL, etc.)
This is eye-opening and very educational. Thank you so much for putting this together, it really helps me as I am planning to make Mexico a second home, next summer. All the best to you guys!
Middle America is cheaper, safer, and more consumer options than Mexico. I was going to go overseas to retire but decided to stay in the US. If you have your house paid for and your car paid for, you can live in middle America cheaper than many so called cheaper countries.
Very true... Plus you'll have hot/cold running water, Plumbing that flushes 💩and tp, drinkable tap water, Hot shower, etc😂 Oh... and you won't be dodging dogshit filled walkways.lol
As a Canadian, comparing our Canadian dollar with the American dollar, for many items, Mexico is now more expensive than it is here now. I'm sure our cost of housing is still higher in Canada, but to hear everyday items are more expensive in Mexico is very surprising.
The surprising thing is that Mexico has a stable economy at the moment, I make dollars and when I go the the store I feel like I’m the only poor person because of the new cars I see and the market full of people, is very unequal I know but still has a big market that can afford to live in a high standard
And people make far far less in Mexico in pesos than in us/Canada. Necessities are necessities. Forget the exchange rate, salaries in mxn have not at all kept up with inflation. It's much more subdued in the US but the fed also lies about us inflation as does the mx gvt
@brendansmith7842 Even the Canadian government is lying about inflation. A recent poll in Canada said 46% are struggling very much financially due to inflation. If it's bad here, I can't imagine how bad it must be for the working poor and the working class of Mexico.
Can you do a video that compares these new prices in Mexico to current U.S prices? Both countries have seen a lot of inflation and it would be interesting to see how they still compare in relation to the other.
Ok, Jordan, WHAT'S UP? You and May "disappeared" 3 months ago without a word. Trouble in paradise, or do the Federales have you? You can't build a channel for years with nearly 300k subscribers and included us in your lives and then just vanish without a word. At least check in and tell us you're ok, or... not. Just sayin'
I feel frustrated when so many UA-camrs "ghost" their followers. It's not just TT, but KK and MG...and others. I understand if they want to move on to other tasks in life. But a "good-bye" video would help clarify things for everyone.
you shouldn't be thinking of them in an intimate personal way, they're entertainers at the end of the day...treat them as such...they'll be back to entertain you...let them do it on their own schedule, they owe you nothing
@@TangerineTravels It's not under reported, they've just changed the way they calculate the term "Inflation" back in the early 80's, they actually have a number of different definitions they use. And "Core" inflation, as they define it does not include food or energy.
It's under reported because the way they calculated it is flawed. For example, about 25% of CPI is "Owners equivalent rent" which is a price that nobody pays. They ask homeowners (who, in general, have no idea about the current rental market) how much they would rent their home for if they were to rent it out. And they put those survey numbers into the CPI. Another way they screw with the numbers is "hedonic adjustments". Say the average price of a car goes from $20,000 to $40,000, but then they say "well actually cars are twice as good now, so the price hasn't gone up at all." Another way they screw with the numbers is substitution. For example, if steak is getting too expensive, they'll substitute it with ground beef and use the price of the ground beef instead. And then as you mentioned "core inflation" doesn't include food and energy. Because obviously nobody needs to eat, heat their home, or put gas in their car (sarcasm)
Inflation (the "hidden tax, on the public") equates to: wealth transference. (The paper wealth of billion to quadrillionaire bankers, et al increased by more than 50%... during this same, time frame.) Jordan should do one on the so- called "gentrification" (having to do with expats/ immigration) M$ Medea farce, also! This is almost 100% top- down, as par. They are 'evaporating' the "middle classes," by design!
Sadly this is true. This is a difficult situation to manage, especially for anyone with US dollar income. We have made the decision to leave Mexico for a country with a more stable inflation and no exchange rate impacts...Ecuador. It was great to have met you in that Korean restaurant, Jordan! All the best in your Mexuco adventure.
I went to La Comer two weeks ago and bought 70 loads of laundry detergent, 1.5 kilos of coffee from Oaxaca, two jars of Mutti sauce for tortilla pizzas (expensive, delicious, and worth it), and two 3-liter jugs of water. My total in USD was $95.11. I couldn't believe it! I've been in Mexico 14 years. That's insane.
@@Espiral17 How is grocery shopping taking advantage of people? I'm a Mexican citizen. I've lived the same amount of years in Mexico and the United States, as well as two other countries. I fail to see how going to a large grocery store like millions of people do every day is taking advantage of anyone.
@@hoppeanofasgard1365 Yes. I happened to be at La Comer, so it was my most recent experience. I generally shop at the local carniceria and barrio mercados or tianguis.
Here in Guadalajara the prices are insane on virtually everything. We have "flirted" with the idea of buying a house down here and what would have been 3.5mm pesos a few years ago are 5mm+ currently. At todays exchange rate we will not entertain the idea. Many grocery items here are a lot more than what they'd be in Canada.
That's mindblowing This will most definitely have an impact on my decision to go to Mexico this year. I usually fly to Mexico at least once every 1 and a half. I'm sure that it's probably across the board, but maybe you could do a part 2 about transportation and accommodations? These types of videos are very informative, and your breakdown makes it shockingly clear. You didn't miss any of the variables that the Mexican government conveniently did. Good work, and thank you for the useful content.
@@silverliner4894 Yes, and for most on fixed income (that is most retirees) the USD monetary valuedecline is a BIG HIT! Couple that with greedy landlords raising their rent (many native locals have been forced to move outside of the city) and you have a big problem! I personally know two long time Americano residents being financially forced to return to the US to live with their families!
wow, i left PV in 2019 and moved back to states, getting ready to go visit friends there and im blown away that its actually cheaper where im living in eastern washington than PV, and your prices are probably even less than PV's prices...some of those prices are higher there than here. crazy.....
I currently live in PV and find that so long as I'm shopping at the local markets I'm still finding things cheaper than my home state which was in the south and considered to be one of the cheaper states to live in. Of course this is just food, rents are about the same, and gas is slightly more.....
Prices have definitely gone up, there’s no denying that. But Mexico is still far more affordable than any 1st world country, as long as you are willing to live like an average Mexican. The problem is that people move to Mexico and want to have a 1st world lifestyle while paying third world prices. You can definitely drive a nice vehicle, live in an upper middle class gated community, shop at corporate grocery stores, pay for high speed internet, hire a maid, drive everywhere instead of using public transit, and eat out at tourist oriented restaurants, but it’s going to cost you. There is no “free lunch” in Mexico or anywhere else. A high-consumption lifestyle costs more or less the same everywhere, whether it’s Mexico, China, France, or Spain. The big cost saving only comes in when you’re ready and willing to live an average Mexican lifestyle - live in a working class neighborhood where 80% of Mexicans live. Shop at local mercados. Avoid pricey name brand products. Ride public transit. Cook at home. Live frugally. The median net pay Mexico is equivalent to about $500 USD (monthly) and yet ordinary Mexicans are able to pay their rent, feed their families, pay school tuition, and basically live life with that income. The main barrier for many expats as I see it is that many aren’t willing to let go of the creature comforts they’ve grown accustomed to and believe they need but actually can live without.
@antoniofranciscogarcia1707 My friend, that is an astoundingly accurate, and beautifully stated account of the way it is. I recall when this channel first came out, he was always chuckling smugly and compared what the same very nice restaurant meal would cost in the States. And your statement about "Living like working class Mexicans. Live in a working class neighborhood." People made that mistake in New York. I ate for about 12 dollars a day (this was late '90's). There was the Lower East Side, where there were restaurants who catered to their clientele who they knew did not have much money. You eat like the natives, like you said. Well done!!
Yes, but there's nothing to romaticise about a working-class standard of living in a developing country. It's a hard life. If you're not used to it, you'll unlikely be able to tolerate it for very long, especially if you're old.
Well, nobody wants to move to Mexico to live in a small run down place with bars in front of windows and high crime. They move there for value. And real estate prices are expensive in Mexico and grocery stores can even cost more than in the US.
Why would you move to Mexico to live like an average Mexican if you are coming from Canada. People generally do not become expats so they can have a Lower Quality of life.
It looks like this is the end of the road for Tangerine Travels. I watched all the videos from day one and wish to say thank you to all involved with the channel over the years, you are partly responsible for my decision to retire and move to Mexico. While it is true that Mexico is not for everyone, it provided a good fit for me. So again thank you! 🇲🇽👍🙂
So I take it that you moved to Huatulco? You mind sharing what made you choose that area of Mexico? I am looking all over and find real estate prices to be very high.
I take it that you moved to Huatulco. You mind sharing what made you choose to move there? I have been looking all over Mexico and find real estate prices to be very high. Of course there is also all the cartel violence in Mexico as well.
@luperamos7307 I moved here for the beaches. Yes, prices for real estate here pretty much doubled (or even more) since the pandemic. Mexico is beginning to show signs of becoming an economic power in the next few years. Mexico is no longer inexpensive.
Come on. Although I totally appreciate the information and it is a real thing, it’s happening everywhere. Everyone expects Mexico to be basically free or super cheap. I wanna be in Mexico for the land, the trees for the mountains and flowers and with the clear skies at night, and the warm sun during the day. I can pay high prices here, or I can pay them there I choose to pay where I’m gonna be happiest.
It's all about location and learning to be frugal. Mexico City is a wordly city, comparable to NYC or LA. It's one of the biggest cities in the world in terms of population. This is one of the reasons prices are high. Similarly, you can be paying $2,500 USD for a 1-bdrm in LA or San Diego, or 5k in NYC. And paying $20 for a burger and fries. When I go to Mexico, I don't shop in supermarkets but in mercaditos where the prices are much cheaper. I eat at the multiple taco places that offer delicious food at low prices. In comparison to other countries, Mexico is still less expensive, you just have to get out of the immigrant bubble. Consumer price inflation averaged 4.5% in the ten years to 2022 in Mexico, below the Latin America average of 8.4% (Internet). In the US, the prices have been shocking during the last few years, although the government has managed to lower the inflation rate, as has been the case with Mexico. If you can't afford to live inexpensively in Mexico, then you can't afford to live in the US where the cost of living is much higher.
This is very true. I moved from Puerto Vallarta to Durango and everything is cheaper in Durango. Especially at the mercado or if you eat the delicious street food.
Hello Jordan. I have been following you for a long, long time. Everyone should appreciate your informative posts. Your maturity show in your impeccable grooming as well.
What do you mean by higher interest investments? Usually those carry more risk. The purchase prices for real estate in Mexico seem very high as well. Especially considering what you can get in rent.
I agree prices have skyrocked in the last 3/4 years. Would be nice to have a similar comparison chart with other popular destinations such as Ecuador, Guatemala, Eastern Europe, Asia etc
I just came back from a family funeral in Eastern Europe. Haven't been back there since 2016. Since we now live in Mexico, I compared prices to MX - it is cheaper in Europe than MX! For food it's between 20% to 50% cheaper in Europe (even going out to eat is more affordable, plus I can have foods I'm used to for local prices, while in MX you get tacos mainly for local prices. If you want pasta or other european food you pay high end restaurant price in MX). I also checked cost of glasses would have been cheaper, dental work is cheaper, luxury long term care is about 1000 euros (~1.1K usd a month) vs 2k usd a month in MX for regular assisted living... So definitely Europe is a better choice at this time. However it is farther from our family in USA...
@@yestohappiness2721: Thanks for the response. We have friends in Romania, Bulgaria and Czech Republic and research online has given us the impression that those places are cheaper everything else being equal such as housing prices, health care etc But the BIG IF, is distance from our children and Nietos who all live in Canada....
@@mishkamo55 yes, same issue with kiddos here. Rents are a bit lower in Europe than MX - I haven't looked very deeply into this but for instance my mom rents a full damn house (2 bed 1 bath, another casita in the courtyard, huge yard for planting veggies and having fruit trees) with $150 euros+utilities a month! I know she is old and has no clue about prices, so that house could prob go with 500-600 euros but for all that yard you can't get anything in mexico with less than maybe 1500 usd... so rents are at least 10%-20% lower (more savings maybe at the higher end of homes), but again, I haven't done much research on it...
Ecuador has gone up a lot too, there's a guy you can follow called GMace and he goes over a lot of it, he drones on and on and takes forever to get to the point in his videos, but if you have patience with him you'll learn a lot, but suffice it to say that Ecuador is no longer cheap and you'll be paying almost the same that you would for groceries in Mexico now. and electronics, Hah! electronics have never been cheap in Ecuador, expect to pay about 40% MORE than you'd pay in the US for that stuff.
@@JamesBlazen lol totally disagree. Ann Arbor is cute but also pretty pretentious and overpriced. I enjoy mexico far more and can’t wait to move there later this year!
I really like the place I've been renting for less that's now $650us per month but I was looking at a two bedroom and two bath place near the beach that needs a little work and some paint for $75,000us. It has newer plumbing so I could flush my TP. The palm frond covered garden roof top patio with a wet bar and hammocks with an ocean view would be a selling point for me. Buena suerte!
And we have to consider that restaurants and other comercial businesses pay comercial costs for their water, electricity, natural gas and probably also telecommunications as well. Great video Jordan, thank you for sharing, 👍and fraternal hugs for May and you.🤠
I always enjoy your videos. You didn't even mention fuel costs. Yesterday we paid $24.80 pesos a liter ( ~$5.90 US per gal) for regular gasoline! $750 pesos for half a tank in a mini van. OUCH! Might as well drive in California! If you're lucky, they'll give you 16 pesos to the US dollar. Most places are giving only ~$15.75.
the thing is gas prices have not gone up in Mexico since covid started. the government subsidizes the prices so they stay the same. they have ranged from 20-24 pesos during that time... and fluctuate up and down slightly all the time.
@@tonydanzl you just need to know where to look! the last 3 months I was paying $325 Canadian a month for rent in Guadalajara and now in San Cristobal I am paying $650 Canadian a month for an entire house.
How much driving do you do in Mexico? In most places you can walk or take a short bike ride to most everything someone needs. On a whole other subject, do you know that if you decline the exchange rate that ATMs offer you will still get your cash at a much better exchange rate? Sounds like you aren't aware of this fact.
I was in Mexico for almost 6 months in 2019 and this is super depressing. I do not understand how the Mexican people can afford these insane price increases. I really thought inflation was horrible here in the states but after watching this I feel that inflation is even worse there. Super depressing as I also wanted to return to Mexico and now I really dont even want to. Great video though. Thanks for all the info and breakdown of everything.
@@marr8226 Personally I've only seen about a 60% increase in prices since 2020, but you make a very good point, the prices might only be 60% higher but what's actual amount of food you're getting for the price, the US also suffers "shrinkflation" that is to say you get less product for higher prices, so who knows what the real numbers are when companies do this.
Yes I noticed that too. Here in North Carolina, USA most of those prices are either same or cheaper. Mexico has become unaffordable. I have no idea how the local people make ends meet there with the average salary they have.
@@zackjones5764 They don't shop at grocery stores for one thing, but beyond that I don't know, there's only so many things you can get at the local mercados, it's sort of a mystery.
si, desde que extranjeros con dinero llegaron a México las cosas se encarecieron gracias a la gentrificación, si para ustedes les parece caro imaginen a los mexicanos que ganamos en pesos
It's getting more difficult to decide to spend more time or to retire in Mexico with prices going up, especially in Cabo where the prices are almost at par with the USD and where I have my condo.
I'm mexican with a decent salary $42k mxn gross monthly + benefits. And is hard! I havde a family, with a newborn and a mortgage. I know we can have an upper middle life, but I think we'll be poor elders. So I will try to buy a 2nd house, if ever possible. Retirements for millenials won't exist anymore.
Hey Jordan, what are your ideas to combat this high inflation? Since you're there with boots on the ground, do you see any easing of prices coming down within restaurants and groceries recently?
You are one more of those who in your country pay what ever... BUT when you go out of the United States... ahh then you want to take advantage of everything!!!! 😂😂😂
It's called gringlation amigo, I moved to Barcelona this year and I can't believe that spain is cheaper than Mexico. People can live very comfortably here with €2000 per month and with €3000 you're rich already. And this is not Queretaro amigo, this is Barcelona, the second most important city after Madrid.
@@tonydanzl supposedly Merida didn't go up to much, I know another youtuber that lives there and somehow someway he's still making it on $1500 a month.
@@tonydanzl From my understanding the north end of the city is expensive and the south end is cheap, also as soon as you get right outside city limits land prices drop considerably and you can build homes for very cheap. One example I know of is a dude that built an 8500sqft home with a pool for about 600k usd. No where else in Mexico aside from maybe the state of guerrero are you going to be able to build a house with in an hour from the ocean that's this big for that cheap. Obviously if you wanted a much more reasonable, say 2000sqft home, prices as low as 120k wouldn't be out of the question.
A good video and I think the inflation in peso and dollar terms in Puerto Vallarta is worse than where you are. Intense tourism drives higher prices for everything including rents. One item you mentioned was labour costs. The government has implemented higher wages, more vacations and better benefits which has contributed significantly to higher prices. I personally think the government is pushing in the right direction and accept the higher costs.
Sorry my friend but it's contradictory what you saying, and the government is not in the right direction, higher wages for workers is good but if you say accepting higher costs or better say high inflation it's contradictory and where the working class are the loosers.
Excellent video, showing what we have all noticed. The price rises in Mexico seemed to come several months after those in the USA. It seems that Mexico is less of a "deal" for Americans wishing to save money than it used to be, but it's still less expensive than the USA, except in certain items that are traditionally not cheaper, such as technology. It would be intersting for you to compare the cost savings for Americans back then and now, on common items from eggs to gas to rent, for those with income in USD but buying in pesos, as the exchange rates have also become less favorable for Americans
Very informative video. Thanks! The same is going on here in the United States. The inflation percentages that the government is giving us is much less than the actual inflation. I think that is manipulated so that they can keep the cost of living increases low, and to make it look better for the elections. But to anyone who goes out and does the actual shopping, we know it is much higher. I think 75% is more of an actual average. However, as to individual actual prices that you mentioned, I think food prices are higher in Mexico than in the U.S.! So much for being able to move to Mexico to save money! I think your reasons for moving would have to be different, like weather, lifestyle etc. It's sad to see a long time dream vanish though. I don't know if we'll ever be able to really retire.😢
Unfortunately, after the big c word, most channels broke up and / or went back to reality. It's fascinating to see how this channel what different directions after their breakup. Would make a great reality show.
meanwhile, my SS check and ira haven't kept up. I asked this question on your other site. How to invest my us ira with a declining dollar? What assets should I buy? my guesses are: gold, silver, bitcoin, miners, foreign stocks and mutual funds. I bought a Mexican stock ETF which seems to keep up with prices in mex. I don't know how to put my some of my IRA into a mex money market which are paying 11% now. I have been buying mex pesos in a us brokerage ahead of time. I buy 4 months expenses worth of pesos and hold them. I own my house in mexico which is more or less keeping up with my expenses in mexico.
nonsense. I am living in Mexico for under$1000 Canadian a month and that is with an absolute brutal exchange rate. if you cant live cheap in Mexico you dont belong here, you dont know what you are doing.
@@RedroomStudiosSame here. For what anyone would pay $1000us dollars on two years ago now costs an additional $147. That shouldn't be enough to break anyone's bank account. I live and eat like Rey less than a couple miles from the beach for less than $1100us, that includes private health insurance. I just had a lunch of three al pastor tacos con todo with a liter of fresh squeezed organic orange, pineapple juice with banana for less than $5.00us. Avocados were on sale last week for around $0.35us each. Where else in the US or Canada is more affordable than that? If you are smart about it and you purchase Mexican produced products and food in the Mexican markets you can save over going to places that cater to gringos like Soriano. Buena suerte!
CRAZY..., 😵💫for a country where you still can't flush a toilet after a 💩 !!! (BYOTP/bring your ownTP-& use this basket) And carry your own drinking water supply... And no running hot water... All things i can adjust to, but not worth it if I'm paying as much or more than where i currently live.😖 Real estate/rent has increased that much also (%). Mexico is sadly not in my current retirement plans like pre 2020. Unfortunately, local working class people will suffer the most.!
Agree completely with exactly what you typed. In Ecuador now and will sadly not return, the quality of life here is just not worth it when I can actually live cheaper in the U.S.
Well income has also risen. My mexican spouse was making $60,000 pesos per month in 2019. Now he makes $130,000. My US income is up 80%. But the peso value has really hurt me. But I don’t think anyone believed that the peso would stay over $20 to the dollar forever. I can remember when it was $10 to peso.
Yea, it just sucks the peso in strengthening at a time when inflation is so high, if only it could have happened at a different period in the future. By the way, I've never heard of wages in Mexico as high as 130,000 pesos a month, is he some sort of high end management or something, or what does he do?
@@hoppeanofasgard1365 I didn’t move here because of the peso value, but it was great was great while it lasted. He runs a service center for a European based company. He actually is low paid for his position. He should be making $40,000 more. He sister makes $120,000 working for a bank. Highly educated and English speaking Mexicans make very good money.
Dont forget about GreedFlation. Thank You for telling me about the Octopus prices. They say you pay for it one way or another Inflation not with standing
From what I’ve been able to discern there hasn’t been new videos because they got a baby on the way. Can’t imagine how busy they are. Might not have time to UA-cam. Congrats y’all on your baby!
Imagine the mother and father (?) not being able to go to work for 5 months because there is a baby on the way. LOL That said, I read a statement of Jordan that they want to "rebrand" the channel.
Something's gotta be wrong with the produce prices Jordan's showing. I've heard for many many years that the prices of everyday things in Mexico is 50% to 70% of what they are in the U.S., so what Jordan's saying doesn't make sense. In the U.S., today, I only pay about .58 cents per pound for bananas, and about $1.79 per pound for golden apples.
interesting reading the comments about inflation and prices in mexico. to the contrary of what is the general consent, Mexico's peso has appreciated and if the foreigners living in MX are earning in Canadian or US dollars, definitely they have seen a reduction of their income... however all foreigners must learn how to buy local and not from big established stores. and TOKS is not popular with Mexicans, the majority will got to street food and mercados... the real Mexican will use cash to buy food and reduce monthly expenses significantly. So be aware that for all foreigners trying to live in Mexico as King.. those days are gone.. better learn how majority Mexicans skin the cat (avoid global prices of most common food supplies)
Good information. A lot of this depends on where you are of course, big cities tend to be much more expensive as do tourist hotspots. We come to Mexico frequently... we were in Puerto Vallarta just before christmas and then back again in February to a small town near Rincon de Guayabitos (much smaller, less touristy) and there was a vast difference in prices at restaurants, but not so much in the price of street foods (still pretty cheap in both places) We have noticed the prices in grocery stores like La Comer have gone up by quite a bit (50% or so?) but local market stuff like eggs, locally grown veggies or fresh squeezed Orange juice maybe only 25%. Sadly overall we notice we have to bring a lot more pesos with us than we used to have to pre-covid and its an amount that doesnt seem to jive with what could be just "regular" year to year inflation.
I have been living in the state of Veracruz for the last four months and prices here are not as expensive as your list in central Mexico here in Coatepec you can get a roast chicken for 110-150 pesos large Americano coffee 35 pesos and Molé enchiladas for 100 pesos big dish yea I do feel the increase from last year but every State is a little difference in pricing
This is one reason I'm not as excited about taking to trips to Mexico anymore. Used to love to go there for cheap eats. It's not much cheaper than eating in the US at this point.
I am currently retired and live in Cincinnati Ohio and have scoped out the central highlands of beautiful Mexico over the last 3 years and I am shocked just how much prices have literally skyrocketed, so I'm slamming the brakes on moving and living in Mexico during the winter months. I guess I'll have to do my snow birding in San Antonio Texas after all, any thoughts, insights or ideas are always welcome. 😊 Rafael
@@ralphlozano9177 Come down to the Rio Grande Valley in deep South Texas. Very affordable and nice warmer weather in the winter. You can also cross the border into Mexico and visit Nuevo Progreso town for cheap dental work and shopping.
Stop going to bigger cities like Queretaro or ciudad Mexico, or the tourist hot spots, and start visiting all the other places in the center of the country with less than a 250,000 population and you'll still find amazingly low prices.
October 2023 in Ajijic… 1 package of strawberries 90 pesos ( 5.29 usd either exchange rate of 17 pesos to a dollar). March 2024 in Baltimore, MD at Aldi. 1 package of strawberries 1.99$. Same strawberries…. Grown in Jocotepec! Interesting how much more expensive in Mexico!
@@hoppeanofasgard1365 Where I live in Mexico many taco stands are charging $200 pesos for 5 plain beef tacos. They dont even include beans and when they do they are cheap beans with franks instead of pork. They dont even include grilled jalapenos any more. Food in Mexico is going up also. A six pack of Negra Modelo at the local 7-11 now costs almost as much as a six pack of Negra Modelo at HEB in Texas.
@@leemartinez2975 good lord, I remember just 5 years ago you could get 5 tacos at a taco stand for 50 pesos, 200 pesos is an insane increase! and they don't even include the grilled jalapeno anymore??? that's just criminal!
@@hoppeanofasgard1365 Most do not and the few that do charge for the toreado. There is a taco stand outside my gated privada that charges $200 pesos for 5 plain beef tacos and he robs electricity from the electrical line above. Only in Mexico.
@@leemartinez2975 Well I'm not sure where you live, but is it possible that maybe he's only charging that much because he knows wealthier people live around there? It's kind of like how if I buy a orden de tacos on the malecon in puerto vallarta I'm going to be paying double for the order than if I had just walked 10 blocks back from where all the action is and buy in a more local as oppose to tourist area.
Yes. The U.S. Government gives us a ridiculous inflation rate compared to actual prices. Look at food alone the inflation is more like 100% or more. A sirloin steak today is about $15 a pound at Walmart. A few months ago egg priced tripled. More people are going to food banks.
They took out food and energy in the inflation stats in the early 1980's. Since then, they've also done something called "Hedonic Adjustments" look it up.
@@Dana-ie2bh Well, it depends on what index, but the CPI and PCE both include at least some food. Core PCE however, does not include food or energy. The Hedonic Adjustments appear not to be applied to food per the Bureau of Labor Statistics CPI adjustments. Doesn't really matter what they tell us, we know how much more life costs these days. Thanks
@@pamela5568 You and I know, and most people might know prices have gone up, but most don't seem to know why. It starts with the debasement of the currency (Printing and deficits}, but that doesn't mean that there are any simple or safe ways to cope with it. The "Average" factory worker in Mexico makes half what the average Chinese worker makes, so that has something to do with it, Americans are buying more goods from Mexico, spurring economic growth and foreign investment in certain fields. But it is a "Developing Nation" and its fortunes can swing rapidly. The way foreign trade is conducted is changing dramatically right now. and "Global" trade is shrinking. Is American government corrupt? Absolutely, Mexico's? way more so.
Very well done! Here in the US the govt (and their media coat holders) also lie to us about how much trouble the economy is in and what the REAL cost of living situation is. VERY FEW people percentage-wise are earning more than they were 4 years ago.
Was in Manzanillo recently and checked out prices at Soriana and La Comer grocery stores and I can confirm the ballooning prices. Even roasted chickens that used to cost 60 pesos back in '07 are now 189 pesos. Thanks for exposing the increase of Mexican food prices Jordan.
Traveled to PV in Dec. 2023 and noticed that prices for food was higher than the U tubers had put out on channels and decided that Mexico wasn't a place to visit for us any time soon again. Everyone has their own perspective but it we aren't too excited to travel out of the US with the hassle of going for a week unless it's the weather but not for the value. Glad I'm not from Canada because their dollar really is weak but lots of them visiting in PV.
I’m from Toronto but spend the winters in PV for several years now, and yes, the stronger peso does affect the Canadian dollar & to a lesser extent, the US dollar. Even more so is the cost of all commodities, from food to fuel, real estate, renting and buying, and vehicles, since Covid. The influx of expats certainly hasn’t helped either, because it also pushes up the prices to a level we are familiar with paying back home, but really hurts the citizens of Mexico, who earn far less
Another great informational video. You not only hit a grand slam with this one but you knocked it out the stadium. 👍. I lived great in San Miguel de Allende for 16-1800 dollars US in 2019 It would probably cost me a lot more today The super pesos / low USD makes living there more expensive too. The rents in SMA & The Lake Chapala área are skyrocketing. Of course you know wherever the are a large number of expats go , the higher the cost of living is. Thanks for this presentation. Extremely thorough and thoughtful. I like all your videos and have been a long time viewer
At the place that I regularly walk to for freshly caught fish tacos con todo recently raised their price from $24 pesos to $27 pesos, that's $1.61us per taco it's much tastier than any burger and it's way more healthy for you. Buena suerte!
@@davidsebastianelli1326 I know in Mexico you can find healthy food a lot cheaper than US here a fish taco at least $6 dollars 😅 still you got a lot better quality food in Mexico with your dollars so don’t complain please
Thanks for the video explaining this. I can confirm what you say is true. I came to Mexico right before the pandemic in January 2020 and then again last winter and I'm in Mexico again right now. It's crazy expensive, with prices comparable or even more expensive than the same items in Canada. I don't understand how the locals survive with this amount of inflation.
Well, their wages went up 20%-25% for 3 years in a row... so they are doing OK, the middle class at least. We see malls full, restaurants full all the time, coffeeshops the same. The box stores also have long lines, people buy full carts of stuff. The biggest expense, housing, it way cheaper for them than the gringoed price rent that foreigners get to pay... plus they live several generations in the same home. Thus is they have say a 4K pesos a month to pay for rent, we as foreigner pay 14K for rent... here you go...
@@chicogozosodecabellosedoso Basically, it's a lot of wealthy white people moving into an area, which causes prices to rise so much that the poor locals can't afford to live there anymore and have to leave.
Hi Jordan, Jerry Brown here and Lori Brown just want to reach out to you and say how much I have been enjoying your new format educating us. I’m very impressed with your intelligence and your thoroughness and what you are reporting to us. Keep up the good work.
Thanks for watching, Jerry! Hope we can meet up again sometime soon!
Hey Jerry - been watching you both for a few years now and been impressed with you both too. -- These days - I HAVE TO WONDER IF YOU BOTH ARE READY TO GIVE UP ON - '''Mexico''' - and perhaps move on to Colombia (?) or someplace (?) with a much more favorable exchange rate - AND - '''rational'''' visa laws ? -- -- -- Argentina might be much better - with this new President.........🤗
@@TangerineTravelswhy you don't go back to the states?????? Really Jordan!!!
@@frankkluz9787JAJAJAJAJAJA WHY YOU DON'T STAY IN THE USA INSTEAD OF GO OTHER COUNTRIES AND ALWAYS TRY TO GET ADVENTAGE of people!!!!!!!!!
Yes, good point. His ex-wife Maggie moved back 😂@@Espiral17
I Move From California To Acapulco 2 Years Ago Cause I'm Retired...And One Thing I Never Do Is To Go Shopping At A Supermarket Their Prices Are To High...For A Family Of 4 I Spend 1.500 Pesos A Week In Food Plus 500 For Tortillas Sweet Bread Bolillos Things Like That In Total I Spend 2.000 Pesos Weekly Since I Move To Acapulco...But I Shop At The Local Central Market Where Everything Is Fresher And Cheaper...So I Personally Don't Agree With The 25% Inflation Numbers...My Advice Don't Shop At Walmart Aurora Or Soriana That's Just Me...Patronize The Local Merchants.
If you were to take your best guess, how much cheaper would you say you can find things at the local markets than at Soriana?
@@hoppeanofasgard1365 An Average Is About 10 To 15% More Per Item...An Especially The Meat Is Not Only More Expensive It Looks Really Bad Also Is Frozen Meat Same With The Seafood Is All Frozen...Because I'm From Acapulco I Like Fresh Fish...Now Look At The Cost Of Renting A Huge Building Have Huge Freezers The Electric Bills And Lots Of Employees All Those Expenses Are Paid By You...Seller At A Local Market Don't Have Those Experiences They Are Own By Families And Have One Or Two Employees.
@@AcapulcoLaRivieraDelPacifico True, but super markets also have the privilege to buy in bulk because they're so big.
In the end the mercados are still cheaper I know, but it's just not by a large margin, as you say about 10 to 15%.
Still, savings is savings.
thanks for sharing.
@@hoppeanofasgard1365 Probably around 20% cheaper (small town), they've gone up as well but not as bad as the chains and they're usually fresher, the same applies to meat, my local fruit and veg guy goes once a week to the big market in Guadalajara and my butcher kills his own meat once a week from local livestock... so both are much fresher than the chains whose meat is probably all brought in frozen from factory farms.
Fresko is super expensive
This guy is killing this channel
Thanks for sharing. I'm mexican, from Guadalajara. I've had the chance to travel to Europe in the last two years and I can tell you that it is cheaper to tour in Europe than the hot spots in Mexico (P.V., Los Cabos, Cancún, Mexico City, GDL, etc.)
Los Cabos is insane ... it was more expensive there than where I live in the US
I'm french and was living in Guadalajara last year. I can confirm. Crazy prices there. Mainly accommodation and food in supermarkets.
@@acardioxcCABO and CONCUN prices are more expensive than NYC.
This is eye-opening and very educational. Thank you so much for putting this together, it really helps me as I am planning to make Mexico a second home, next summer. All the best to you guys!
Middle America is cheaper, safer, and more consumer options than Mexico. I was going to go overseas to retire but decided to stay in the US. If you have your house paid for and your car paid for, you can live in middle America cheaper than many so called cheaper countries.
I agree, although the weather and beaches are superior in Mexico.
Very true...
Plus you'll have hot/cold running water, Plumbing that flushes 💩and tp,
drinkable tap water,
Hot shower,
etc😂
Oh... and you won't be dodging dogshit filled walkways.lol
I agree.
Hmmm, so are you comparing apples to apples? By that are we comparing to “middle México” to “middle America”?
@hiruu I think Mexico south central highlands are still cheaper., but you best know Spanish in those areas😉
As a Canadian, comparing our Canadian dollar with the American dollar, for many items, Mexico is now more expensive than it is here now. I'm sure our cost of housing is still higher in Canada, but to hear everyday items are more expensive in Mexico is very surprising.
The surprising thing is that Mexico has a stable economy at the moment, I make dollars and when I go the the store I feel like I’m the only poor person because of the new cars I see and the market full of people, is very unequal I know but still has a big market that can afford to live in a high standard
And people make far far less in Mexico in pesos than in us/Canada. Necessities are necessities. Forget the exchange rate, salaries in mxn have not at all kept up with inflation. It's much more subdued in the US but the fed also lies about us inflation as does the mx gvt
@brendansmith7842 Even the Canadian government is lying about inflation. A recent poll in Canada said 46% are struggling very much financially due to inflation. If it's bad here, I can't imagine how bad it must be for the working poor and the working class of Mexico.
Where in Canada you're from?
Can you do a video that compares these new prices in Mexico to current U.S prices? Both countries have seen a lot of inflation and it would be interesting to see how they still compare in relation to the other.
Inflation here too! So why not be in Mexico where it is warm and beautiful
Ok, Jordan, WHAT'S UP? You and May "disappeared" 3 months ago without a word. Trouble in paradise, or do the Federales have you? You can't build a channel for years with nearly 300k subscribers and included us in your lives and then just vanish without a word. At least check in and tell us you're ok, or... not. Just sayin'
Yup. Exactly. Wtf?
?
They're apparently having a baby, something that the original elf girl was against.
Yall never dated a Mexican girl before?
@@ThivisioN what's your point?
I feel frustrated when so many UA-camrs "ghost" their followers. It's not just TT, but KK and MG...and others. I understand if they want to move on to other tasks in life. But a "good-bye" video would help clarify things for everyone.
Yes agree an update or closure would be nice. They do have a fb account and they seem extremely happy so we will just bid them well ❤
@@kubal7247Your last sentence is indecipherable English, but I thank you for the kind response.
you shouldn't be thinking of them in an intimate personal way, they're entertainers at the end of the day...treat them as such...they'll be back to entertain you...let them do it on their own schedule, they owe you nothing
US inflation rates are under reported as well.
Been that way since 1980.
Absolutely, it’s significantly under reported
@@TangerineTravels It's not under reported, they've just changed the way they calculate the term "Inflation" back in the early 80's, they actually have a number of different definitions they use. And "Core" inflation, as they define it does not include food or energy.
It's under reported because the way they calculated it is flawed.
For example, about 25% of CPI is "Owners equivalent rent" which is a price that nobody pays. They ask homeowners (who, in general, have no idea about the current rental market) how much they would rent their home for if they were to rent it out. And they put those survey numbers into the CPI.
Another way they screw with the numbers is "hedonic adjustments". Say the average price of a car goes from $20,000 to $40,000, but then they say "well actually cars are twice as good now, so the price hasn't gone up at all."
Another way they screw with the numbers is substitution. For example, if steak is getting too expensive, they'll substitute it with ground beef and use the price of the ground beef instead.
And then as you mentioned "core inflation" doesn't include food and energy. Because obviously nobody needs to eat, heat their home, or put gas in their car (sarcasm)
Inflation (the "hidden tax, on the public") equates to: wealth transference. (The paper wealth of billion to quadrillionaire bankers, et al increased by more than 50%... during this same, time frame.) Jordan should do one on the so- called "gentrification" (having to do with expats/ immigration) M$ Medea farce, also! This is almost 100% top- down, as par. They are 'evaporating' the "middle classes," by design!
Sadly this is true. This is a difficult situation to manage, especially for anyone with US dollar income. We have made the decision to leave Mexico for a country with a more stable inflation and no exchange rate impacts...Ecuador. It was great to have met you in that Korean restaurant, Jordan! All the best in your Mexuco adventure.
I recommend THAILAND, it is extremely cheap and beautiful ❤🎉
Or... Especially the local working class Mexicans !
Double food,gas,rent/house prices...
@@tonydanzl yep, with supermarket prices about the same as in London, UK, but with the minimum wage about 8 times lower.
Andres: Are there cities in Ecuador without a lot of mosquitos?
i hope more people like you Take that decisión al leave the lesser the better, there are large amounts of outsiders already living here
I went to La Comer two weeks ago and bought 70 loads of laundry detergent, 1.5 kilos of coffee from Oaxaca, two jars of Mutti sauce for tortilla pizzas (expensive, delicious, and worth it), and two 3-liter jugs of water. My total in USD was $95.11. I couldn't believe it! I've been in Mexico 14 years. That's insane.
La Comer is their most expensive grocery store, try Soriana next time you'll get better prices
Well..... try to buy the same glossaries in the USA.... stop pretending that you can go to other places and just take advantage of people!!!!...
@@Espiral17How is that comment taking advantage of the people? Stop being such a grump!
@@Espiral17 How is grocery shopping taking advantage of people? I'm a Mexican citizen. I've lived the same amount of years in Mexico and the United States, as well as two other countries. I fail to see how going to a large grocery store like millions of people do every day is taking advantage of anyone.
@@hoppeanofasgard1365 Yes. I happened to be at La Comer, so it was my most recent experience. I generally shop at the local carniceria and barrio mercados or tianguis.
So I don’t see your videos any longer? It was a great ride.
Here in Guadalajara the prices are insane on virtually everything. We have "flirted" with the idea of buying a house down here and what would have been 3.5mm pesos a few years ago are 5mm+ currently. At todays exchange rate we will not entertain the idea. Many grocery items here are a lot more than what they'd be in Canada.
Can confirm, was just there and was blown away by how expensive it was
At this point groceries in Canada cost less than in either Mexico or the USA, with the exception of some dairy products
Don’t forget this happens thanks to all gringos and others foringers come to increase every thing .and what about USA every thing is crazy expensive
@@vicenteguerrero4176prices have gone up in places like Morelos where there are no gringos. Care to explain how that happens amigo?
I’m not your amigo
That's mindblowing This will most definitely have an impact on my decision to go to Mexico this year. I usually fly to Mexico at least once every 1 and a half. I'm sure that it's probably across the board, but maybe you could do a part 2 about transportation and accommodations? These types of videos are very informative, and your breakdown makes it shockingly clear. You didn't miss any of the variables that the Mexican government conveniently did. Good work, and thank you for the useful content.
Here in the US, for decades the govt excludes FOOD and FUEL from the inflation rate! Can you believe that BS?
No surprise here! I live in Puerto Vallarta and the USD has lost 25% of it's buying power in just two years!
The Mexican peso is definitely gaining value against the usd
@@silverliner4894 Yes, and for most on fixed income (that is most retirees) the USD monetary valuedecline is a BIG HIT! Couple that with greedy landlords raising their rent (many native locals have been forced to move outside of the city) and you have a big problem! I personally know two long time Americano residents being financially forced to return to the US to live with their families!
@@silverliner4894 Yes, Expats are leaving! Local Natives are forced to leave the city because of rising rent costs!
@@macscotty9997Not only because of the money is because of you foreign gringos gentrification my state.
@@silverliner4894 Finally, USD has made a comeback vs the MXN. 19.39 today. Good for expats, bad for locals unfortunately.
We have been traveling to Mexico for years. There has definitely been a steady increase but the last few years you’re right. It’s insane.
wow, i left PV in 2019 and moved back to states, getting ready to go visit friends there and im blown away that its actually cheaper where im living in eastern washington than PV, and your prices are probably even less than PV's prices...some of those prices are higher there than here. crazy.....
I currently live in PV and find that so long as I'm shopping at the local markets I'm still finding things cheaper than my home state which was in the south and considered to be one of the cheaper states to live in. Of course this is just food, rents are about the same, and gas is slightly more.....
Prices have definitely gone up, there’s no denying that. But Mexico is still far more affordable than any 1st world country, as long as you are willing to live like an average Mexican. The problem is that people move to Mexico and want to have a 1st world lifestyle while paying third world prices. You can definitely drive a nice vehicle, live in an upper middle class gated community, shop at corporate grocery stores, pay for high speed internet, hire a maid, drive everywhere instead of using public transit, and eat out at tourist oriented restaurants, but it’s going to cost you. There is no “free lunch” in Mexico or anywhere else. A high-consumption lifestyle costs more or less the same everywhere, whether it’s Mexico, China, France, or Spain. The big cost saving only comes in when you’re ready and willing to live an average Mexican lifestyle - live in a working class neighborhood where 80% of Mexicans live. Shop at local mercados. Avoid pricey name brand products. Ride public transit. Cook at home. Live frugally. The median net pay Mexico is equivalent to about $500 USD (monthly) and yet ordinary Mexicans are able to pay their rent, feed their families, pay school tuition, and basically live life with that income. The main barrier for many expats as I see it is that many aren’t willing to let go of the creature comforts they’ve grown accustomed to and believe they need but actually can live without.
@antoniofranciscogarcia1707 My friend, that is an astoundingly accurate, and beautifully stated account of the way it is.
I recall when this channel first came out, he was always chuckling smugly and compared what the same very nice restaurant meal would cost in the States.
And your statement about "Living like working class Mexicans. Live in a working class neighborhood." People made that mistake in New York. I ate for about 12 dollars a day (this was late '90's). There was the Lower East Side, where there were restaurants who catered to their clientele who they knew did not have much money. You eat like the natives, like you said.
Well done!!
Yes, but there's nothing to romaticise about a working-class standard of living in a developing country. It's a hard life. If you're not used to it, you'll unlikely be able to tolerate it for very long, especially if you're old.
Well, nobody wants to move to Mexico to live in a small run down place with bars in front of windows and high crime. They move there for value. And real estate prices are expensive in Mexico and grocery stores can even cost more than in the US.
Why would you move to Mexico to live like an average Mexican if you are coming from Canada. People generally do not become expats so they can have a Lower Quality of life.
It looks like this is the end of the road for Tangerine Travels.
I watched all the videos from day one and wish to say thank you to all involved with the channel over the years, you are partly responsible for my decision to retire and move to Mexico. While it is true that Mexico is not for everyone, it provided a good fit for me.
So again thank you! 🇲🇽👍🙂
I hope, not? So what are Jordan and May up to, these days?! (No videos posted on this YT channel in six months, and also no update???)
@@williamtiffee3799 They have a fb page and there I saw a message they are re-inventing the channel and a baby is on its way.
So I take it that you moved to Huatulco? You mind sharing what made you choose that area of Mexico? I am looking all over and find real estate prices to be very high.
I take it that you moved to Huatulco. You mind sharing what made you choose to move there? I have been looking all over Mexico and find real estate prices to be very high. Of course there is also all the cartel violence in Mexico as well.
@luperamos7307 I moved here for the beaches. Yes, prices for real estate here pretty much doubled (or even more) since the pandemic. Mexico is beginning to show signs of becoming an economic power in the next few years. Mexico is no longer inexpensive.
Come on. Although I totally appreciate the information and it is a real thing, it’s happening everywhere. Everyone expects Mexico to be basically free or super cheap. I wanna be in Mexico for the land, the trees for the mountains and flowers and with the clear skies at night, and the warm sun during the day. I can pay high prices here, or I can pay them there I choose to pay where I’m gonna be happiest.
Exactly!
@@brendexxruiz thank you 🙏🏼
It's all about location and learning to be frugal. Mexico City is a wordly city, comparable to NYC or LA. It's one of the biggest cities in the world in terms of population. This is one of the reasons prices are high. Similarly, you can be paying $2,500 USD for a 1-bdrm in LA or San Diego, or 5k in NYC. And paying $20 for a burger and fries. When I go to Mexico, I don't shop in supermarkets but in mercaditos where the prices are much cheaper. I eat at the multiple taco places that offer delicious food at low prices. In comparison to other countries, Mexico is still less expensive, you just have to get out of the immigrant bubble. Consumer price inflation averaged 4.5% in the ten years to 2022 in Mexico, below the Latin America average of 8.4% (Internet). In the US, the prices have been shocking during the last few years, although the government has managed to lower the inflation rate, as has been the case with Mexico. If you can't afford to live inexpensively in Mexico, then you can't afford to live in the US where the cost of living is much higher.
This is very true. I moved from Puerto Vallarta to Durango and everything is cheaper in Durango. Especially at the mercado or if you eat the delicious street food.
Inflation is affecting everyone.. period
Hello Jordan. I have been following you for a long, long time. Everyone should appreciate your informative posts. Your maturity show in your impeccable grooming as well.
Also, is it wise for Americans being residents of Mexico to invest in Mexico's higher interest investments?
What do you mean by higher interest investments? Usually those carry more risk. The purchase prices for real estate in Mexico seem very high as well. Especially considering what you can get in rent.
I agree prices have skyrocked in the last 3/4 years. Would be nice to have a similar comparison chart with other popular destinations such as Ecuador, Guatemala, Eastern Europe, Asia etc
I just came back from a family funeral in Eastern Europe. Haven't been back there since 2016. Since we now live in Mexico, I compared prices to MX - it is cheaper in Europe than MX! For food it's between 20% to 50% cheaper in Europe (even going out to eat is more affordable, plus I can have foods I'm used to for local prices, while in MX you get tacos mainly for local prices. If you want pasta or other european food you pay high end restaurant price in MX). I also checked cost of glasses would have been cheaper, dental work is cheaper, luxury long term care is about 1000 euros (~1.1K usd a month) vs 2k usd a month in MX for regular assisted living... So definitely Europe is a better choice at this time. However it is farther from our family in USA...
@@yestohappiness2721: Thanks for the response. We have friends in Romania, Bulgaria and Czech Republic and research online has given us the impression that those places are cheaper everything else being equal such as housing prices, health care etc
But the BIG IF, is distance from our children and Nietos who all live in Canada....
@@mishkamo55 yes, same issue with kiddos here. Rents are a bit lower in Europe than MX - I haven't looked very deeply into this but for instance my mom rents a full damn house (2 bed 1 bath, another casita in the courtyard, huge yard for planting veggies and having fruit trees) with $150 euros+utilities a month! I know she is old and has no clue about prices, so that house could prob go with 500-600 euros but for all that yard you can't get anything in mexico with less than maybe 1500 usd... so rents are at least 10%-20% lower (more savings maybe at the higher end of homes), but again, I haven't done much research on it...
En general casi toda Europa del Este y Asia central son MUCHO más baratos
Ecuador has gone up a lot too, there's a guy you can follow called GMace and he goes over a lot of it, he drones on and on and takes forever to get to the point in his videos, but if you have patience with him you'll learn a lot, but suffice it to say that Ecuador is no longer cheap and you'll be paying almost the same that you would for groceries in Mexico now. and electronics, Hah! electronics have never been cheap in Ecuador, expect to pay about 40% MORE than you'd pay in the US for that stuff.
Compared to prices where I live in Ann Arbor, Michigan, it’s still about 50% less in MX for most things
Ann Arbor is nice. Much nicer than anywhere in Mexico.
@@JamesBlazen lol totally disagree. Ann Arbor is cute but also pretty pretentious and overpriced. I enjoy mexico far more and can’t wait to move there later this year!
@@Lizz7711 I live in Queretaro. It's ok. Prices have skyrocketed in Mexico so don't expect cheap.
@@JamesBlazen yeah it all comes down to lifestyle I think.
An excellent assessment ! Thanx for the info !
I love that this man leveled up his life.
It would be interesting to see rent prices and cost to buy a home in 2019 v now.
Those prices have also doubled !
I really like the place I've been renting for less that's now $650us per month but I was looking at a two bedroom and two bath place near the beach that needs a little work and some paint for $75,000us. It has newer plumbing so I could flush my TP. The palm frond covered garden roof top patio with a wet bar and hammocks with an ocean view would be a selling point for me. Buena suerte!
And we have to consider that restaurants and other comercial businesses pay comercial costs for their water, electricity, natural gas and probably also telecommunications as well. Great video Jordan, thank you for sharing, 👍and fraternal hugs for May and you.🤠
I always enjoy your videos. You didn't even mention fuel costs. Yesterday we paid $24.80 pesos a liter ( ~$5.90 US per gal) for regular gasoline! $750 pesos for half a tank in a mini van. OUCH! Might as well drive in California! If you're lucky, they'll give you 16 pesos to the US dollar. Most places are giving only ~$15.75.
Or housing !!!
the thing is gas prices have not gone up in Mexico since covid started. the government subsidizes the prices so they stay the same. they have ranged from 20-24 pesos during that time... and fluctuate up and down slightly all the time.
@@tonydanzl you just need to know where to look! the last 3 months I was paying $325 Canadian a month for rent in Guadalajara and now in San Cristobal I am paying $650 Canadian a month for an entire house.
How much driving do you do in Mexico? In most places you can walk or take a short bike ride to most everything someone needs. On a whole other subject, do you know that if you decline the exchange rate that ATMs offer you will still get your cash at a much better exchange rate? Sounds like you aren't aware of this fact.
Wow. Those are like USA prices. Thanks so much for the info!
LOVE YOUR HAIRCUT!
Cozumel still gives a local discount at restaurants we are a tourist destination we appreciate this
I was in Mexico for almost 6 months in 2019 and this is super depressing. I do not understand how the Mexican people can afford these insane price increases. I really thought inflation was horrible here in the states but after watching this I feel that inflation is even worse there. Super depressing as I also wanted to return to Mexico and now I really dont even want to. Great video though. Thanks for all the info and breakdown of everything.
Prices in Mexico have skyrocketed since COVID and continue to do so with no end in sight. $$$
Same in US every time I go grocery shopping I paid a lot more for less groceries everything went at least double I guess that’s everywhere
It's the same in Germany, prices have gone up by 50-70 percent, while the size of packages has decreased.
What are you talking about? Inflation is all over the globe
@@miguellopez7562 There are a few exceptions. China's annual inflation rate is less than 2% for example.
@@marr8226 Personally I've only seen about a 60% increase in prices since 2020, but you make a very good point, the prices might only be 60% higher but what's actual amount of food you're getting for the price, the US also suffers "shrinkflation" that is to say you get less product for higher prices, so who knows what the real numbers are when companies do this.
Are you ok? I hope there's no trouble. Why are there no more videos?
Mi guess is that he went back to the US and left May in Mexico 😢
@@Jmg831 He does have a new channel where he posted yesterday!
@@pinkworld9384 do you know what the channel is?
@@Jmg831 It's called Mining Stock Monkey
@@Jmg831 It's an investing channel called "Mining Stock Monkey".
I noticed if you try to save a bit on prices, quality drops dramatically in Mexico.
Lol! Those look like the prices I see at the market near me here in the u.s.
Holy smokes.
I found supermarket prices to be more or less the same between the UK and Mexico. Several items were more expensive in the latter.
Yes I noticed that too. Here in North Carolina, USA most of those prices are either same or cheaper. Mexico has become unaffordable. I have no idea how the local people make ends meet there with the average salary they have.
@@zackjones5764 They don't shop at grocery stores for one thing, but beyond that I don't know, there's only so many things you can get at the local mercados, it's sort of a mystery.
si, desde que extranjeros con dinero llegaron a México las cosas se encarecieron gracias a la gentrificación, si para ustedes les parece caro imaginen a los mexicanos que ganamos en pesos
@@dianags7623 la situación debe ser cada vez más difícil para la clase trabajadora mexicana
It's getting more difficult to decide to spend more time or to retire in Mexico with prices going up, especially in Cabo where the prices are almost at par with the USD and where I have my condo.
So May is not participating now.
She got tired of his little boy mustache and the blah blah blah, like a perico, about money and money and money!
There's inflation in Mexico, but is skyrockets in gentrified cities like CDMX, Tijuana, Merida, etc.
Merida is still cheap on the south side
This is obviously sucky for us in the US but what are the Mexican citizens experiencing? How do they feel about this inflation
Inflation hurts all lower and middle class people. They hate this inflation.
I'm mexican with a decent salary $42k mxn gross monthly + benefits. And is hard! I havde a family, with a newborn and a mortgage. I know we can have an upper middle life, but I think we'll be poor elders. So I will try to buy a 2nd house, if ever possible. Retirements for millenials won't exist anymore.
Thank you for doing all the math. I appreciate you!
Hey Jordan, what are your ideas to combat this high inflation? Since you're there with boots on the ground, do you see any easing of prices coming down within restaurants and groceries recently?
I actually gave my thoughts on how to combat this high inflation in this recent video: ua-cam.com/video/jBd5vXmJHnY/v-deo.htmlsi=vY2cHq4ct_WC1Tyl
Between the high Income requirements for a residency visa and high inflation, México is no longer on my radar.
Good for us,you better find a place in Africa
You are one more of those who in your country pay what ever... BUT when you go out of the United States... ahh then you want to take advantage of everything!!!! 😂😂😂
@@miguellopez7562 I live in Brazil now. It's much more affordable.
@@miguellopez7562lol that’s bad idea hope you ain’t white
@@Michael747Andhow did you get residency there?
No new videos?
It's called gringlation amigo, I moved to Barcelona this year and I can't believe that spain is cheaper than Mexico. People can live very comfortably here with €2000 per month and with €3000 you're rich already. And this is not Queretaro amigo, this is Barcelona, the second most important city after Madrid.
How did you get residency in Spain? I heard it’s pretty hard
@@MexExpatHelpers naah, it's very easy. Buy a Master's degree and you're all set. That's what i did
@@pancholini how you buy a masters degree?
@@pancholini also Spain is being taken over by ille gals like the USA is. bro prices won’t be staying low for long and housing will sky rocket
If Canada is a 3-star hotel charging 5-star prices, Mexico feels like a 2-star hotel charging 4-star prices
How much do u charge Wang?
Thanks for this video. I knew the inflation was bad in Querétaro but I didn't realise how bad. Yikes 😬
Almost the whole Yucatan Peninsula is as bad or worse.
Yea it's pretty bad there, but even worse in Monterrey and Puerto Vallarta, I'm struggling to understand how Mexicans can afford these prices.
@@tonydanzl supposedly Merida didn't go up to much, I know another youtuber that lives there and somehow someway he's still making it on $1500 a month.
@@hoppeanofasgard1365 I've heard it's bad in Merida also.🤔
But it's a big city, so maybe some affordable housing in certain areas???
@@tonydanzl From my understanding the north end of the city is expensive and the south end is cheap, also as soon as you get right outside city limits land prices drop considerably and you can build homes for very cheap.
One example I know of is a dude that built an 8500sqft home with a pool for about 600k usd. No where else in Mexico aside from maybe the state of guerrero are you going to be able to build a house with in an hour from the ocean that's this big for that cheap.
Obviously if you wanted a much more reasonable, say 2000sqft home, prices as low as 120k wouldn't be out of the question.
Yes I agree its a lot more expensive than the last time I was in mexico 5 years ago .
Thankful for this video. Was planning to relocate to Mexico. But perhaps I should look into other countries to live in instead.
Mexico is still way cheaper he’s making it sound worse then it is
A good video and I think the inflation in peso and dollar terms in Puerto Vallarta is worse than where you are. Intense tourism drives higher prices for everything including rents. One item you mentioned was labour costs. The government has implemented higher wages, more vacations and better benefits which has contributed significantly to higher prices. I personally think the government is pushing in the right direction and accept the higher costs.
Sorry my friend but it's contradictory what you saying, and the government is not in the right direction, higher wages for workers is good but if you say accepting higher costs or better say high inflation it's contradictory and where the working class are the loosers.
I went to the supermarket. I was so surprised at the prices that I took photos. It's much cheaper in Europe
Excellent video, showing what we have all noticed. The price rises in Mexico seemed to come several months after those in the USA. It seems that Mexico is less of a "deal" for Americans wishing to save money than it used to be, but it's still less expensive than the USA, except in certain items that are traditionally not cheaper, such as technology. It would be intersting for you to compare the cost savings for Americans back then and now, on common items from eggs to gas to rent, for those with income in USD but buying in pesos, as the exchange rates have also become less favorable for Americans
Very informative video. Thanks! The same is going on here in the United States. The inflation percentages that the government is giving us is much less than the actual inflation. I think that is manipulated so that they can keep the cost of living increases low, and to make it look better for the elections. But to anyone who goes out and does the actual shopping, we know it is much higher. I think 75% is more of an actual average. However, as to individual actual prices that you mentioned, I think food prices are higher in Mexico than in the U.S.! So much for being able to move to Mexico to save money! I think your reasons for moving would have to be different, like weather, lifestyle etc. It's sad to see a long time dream vanish though. I don't know if we'll ever be able to really retire.😢
Unfortunately, after the big c word, most channels broke up and / or went back to reality. It's fascinating to see how this channel what different directions after their breakup. Would make a great reality show.
He started a new channel about finances.
meanwhile, my SS check and ira haven't kept up. I asked this question on your other site. How to invest my us ira with a declining dollar? What assets should I buy? my guesses are: gold, silver, bitcoin, miners, foreign stocks and mutual funds. I bought a Mexican stock ETF which seems to keep up with prices in mex. I don't know how to put my some of my IRA into a mex money market which are paying 11% now. I have been buying mex pesos in a us brokerage ahead of time. I buy 4 months expenses worth of pesos and hold them. I own my house in mexico which is more or less keeping up with my expenses in mexico.
you need to put together a post us empire and dollar investment strategy for your viewers. It would help your viewers of both sites.
I imagine your advice would follow what the lebonese and argentinian investors have been doing. Or Salvadorians.
Excellent study!! What I suspected is confirmed by this. Too expensive to live in Mexico now without a doubt.
nonsense. I am living in Mexico for under$1000 Canadian a month and that is with an absolute brutal exchange rate. if you cant live cheap in Mexico you dont belong here, you dont know what you are doing.
@@RedroomStudiosSame here. For what anyone would pay $1000us dollars on two years ago now costs an additional $147. That shouldn't be enough to break anyone's bank account. I live and eat like Rey less than a couple miles from the beach for less than $1100us, that includes private health insurance. I just had a lunch of three al pastor tacos con todo with a liter of fresh squeezed organic orange, pineapple juice with banana for less than $5.00us. Avocados were on sale last week for around $0.35us each. Where else in the US or Canada is more affordable than that? If you are smart about it and you purchase Mexican produced products and food in the Mexican markets you can save over going to places that cater to gringos like Soriano. Buena suerte!
@@davidsebastianelli1326Soriana is not catered to gringos. Regular Mexicans are most of the customers.
CRAZY..., 😵💫for a country where you still can't flush a toilet after a 💩 !!! (BYOTP/bring your ownTP-& use this basket)
And carry your own drinking water supply...
And no running hot water...
All things i can adjust to, but not worth it if I'm paying as much or more than where i currently live.😖
Real estate/rent has increased that much also (%).
Mexico is sadly not in my current retirement plans like pre 2020.
Unfortunately, local working class people will suffer the most.!
😀😄😁😅🤣😂Thank you for a good laugh.
@@JayZen707 Thaïland is always a cheap option
Go to Africa is even cheaper,stop gentrification
Agree completely with exactly what you typed. In Ecuador now and will sadly not return, the quality of life here is just not worth it when I can actually live cheaper in the U.S.
Not sure what mexico you are talking about. My toilet flushes fine and I never carry TP.
Jordan is mking a vry good point here. Been living in Mexico for 1 year and now, I'm moving back to the US 😊
Well income has also risen. My mexican spouse was making $60,000 pesos per month in 2019. Now he makes $130,000. My US income is up 80%. But the peso value has really hurt me. But I don’t think anyone believed that the peso would stay over $20 to the dollar forever. I can remember when it was $10 to peso.
Yea, it just sucks the peso in strengthening at a time when inflation is so high, if only it could have happened at a different period in the future.
By the way, I've never heard of wages in Mexico as high as 130,000 pesos a month, is he some sort of high end management or something, or what does he do?
@@hoppeanofasgard1365 I didn’t move here because of the peso value, but it was great was great while it lasted.
He runs a service center for a European based company. He actually is low paid for his position. He should be making $40,000 more. He sister makes $120,000 working for a bank.
Highly educated and English speaking Mexicans make very good money.
Dont forget about GreedFlation. Thank You for telling me about the Octopus prices. They say you pay for it one way or another Inflation not with standing
From what I’ve been able to discern there hasn’t been new videos because they got a baby on the way. Can’t imagine how busy they are. Might not have time to UA-cam. Congrats y’all on your baby!
Imagine the mother and father (?) not being able to go to work for 5 months because there is a baby on the way. LOL
That said, I read a statement of Jordan that they want to "rebrand" the channel.
Wow, going to have a baby so need to work less! Sure, that makes sense.
Something's gotta be wrong with the produce prices Jordan's showing. I've heard for many many years that the prices of everyday things in Mexico is 50% to 70% of what they are in the U.S., so what Jordan's saying doesn't make sense. In the U.S., today, I only pay about .58 cents per pound for bananas, and about $1.79 per pound for golden apples.
interesting reading the comments about inflation and prices in mexico. to the contrary of what is the general consent, Mexico's peso has appreciated and if the foreigners living in MX are earning in Canadian or US dollars, definitely they have seen a reduction of their income... however all foreigners must learn how to buy local and not from big established stores. and TOKS is not popular with Mexicans, the majority will got to street food and mercados... the real Mexican will use cash to buy food and reduce monthly expenses significantly. So be aware that for all foreigners trying to live in Mexico as King.. those days are gone.. better learn how majority Mexicans skin the cat (avoid global prices of most common food supplies)
what happpened Jordan?
its the same here in California, maybe even more so
Jordan, this has got to be such a bummer for you! I'm glad we both had the chance to be in Mexico when things were cheaper. Its crazy now.
Did Jordan move out of Mexico? Where did he go!
I always learn a lot from your economics videos.
Good information. A lot of this depends on where you are of course, big cities tend to be much more expensive as do tourist hotspots. We come to Mexico frequently... we were in Puerto Vallarta just before christmas and then back again in February to a small town near Rincon de Guayabitos (much smaller, less touristy) and there was a vast difference in prices at restaurants, but not so much in the price of street foods (still pretty cheap in both places) We have noticed the prices in grocery stores like La Comer have gone up by quite a bit (50% or so?) but local market stuff like eggs, locally grown veggies or fresh squeezed Orange juice maybe only 25%. Sadly overall we notice we have to bring a lot more pesos with us than we used to have to pre-covid and its an amount that doesnt seem to jive with what could be just "regular" year to year inflation.
Really nice and informative video. Helps make my decision. Enjoyed it. Thanks a lot.
I have been living in the state of Veracruz for the last four months and prices here are not as expensive as your list in central Mexico here in Coatepec you can get a roast chicken for 110-150 pesos large Americano coffee 35 pesos and Molé enchiladas for 100 pesos big dish yea I do feel the increase from last year but every State is a little difference in pricing
Veracruz in general and Coatepec specifically is quite cheap. The entire Yucatan peninsula and Baja California Sur are super expensive.
Great video thank you!
This is one reason I'm not as excited about taking to trips to Mexico anymore. Used to love to go there for cheap eats. It's not much cheaper than eating in the US at this point.
it is if you eat at local restaurants and street carts.
I am currently retired and live in Cincinnati Ohio and have scoped out the central highlands of beautiful Mexico over the last 3 years and I am shocked just how much prices have literally skyrocketed, so I'm slamming the brakes on moving and living in Mexico during the winter months. I guess I'll have to do my snow birding in San Antonio Texas after all, any thoughts, insights or ideas are always welcome. 😊 Rafael
@@ralphlozano9177 Come down to the Rio Grande Valley in deep South Texas. Very affordable and nice warmer weather in the winter. You can also cross the border into Mexico and visit Nuevo Progreso town for cheap dental work and shopping.
Stop going to bigger cities like Queretaro or ciudad Mexico, or the tourist hot spots, and start visiting all the other places in the center of the country with less than a 250,000 population and you'll still find amazingly low prices.
@@ralphlozano9177 Try Durango, or ciudad Obregon out
October 2023 in Ajijic… 1 package of strawberries 90 pesos ( 5.29 usd either exchange rate of 17 pesos to a dollar). March 2024 in Baltimore, MD at Aldi. 1 package of strawberries 1.99$. Same strawberries…. Grown in Jocotepec! Interesting how much more expensive in Mexico!
Prices increased for legitimate reasons during the pandemic. The fact that they didn’t come down after COVID is pure greed.
The price for two burger meals with fries and sodas cost about $20.50 at Whataburger now.
fast food workers demanding more money in the US, they're getting it, but it comes at the cost of your burgers going up!
@@hoppeanofasgard1365 Where I live in Mexico many taco stands are charging $200 pesos for 5 plain beef tacos. They dont even include beans and when they do they are cheap beans with franks instead of pork. They dont even include grilled jalapenos any more. Food in Mexico is going up also. A six pack of Negra Modelo at the local 7-11 now costs almost as much as a six pack of Negra Modelo at HEB in Texas.
@@leemartinez2975 good lord, I remember just 5 years ago you could get 5 tacos at a taco stand for 50 pesos, 200 pesos is an insane increase!
and they don't even include the grilled jalapeno anymore??? that's just criminal!
@@hoppeanofasgard1365 Most do not and the few that do charge for the toreado. There is a taco stand outside my gated privada that charges $200 pesos for 5 plain beef tacos and he robs electricity from the electrical line above. Only in Mexico.
@@leemartinez2975 Well I'm not sure where you live, but is it possible that maybe he's only charging that much because he knows wealthier people live around there?
It's kind of like how if I buy a orden de tacos on the malecon in puerto vallarta I'm going to be paying double for the order than if I had just walked 10 blocks back from where all the action is and buy in a more local as oppose to tourist area.
Yes. The U.S. Government gives us a ridiculous inflation rate compared to actual prices. Look at food alone the inflation is more like 100% or more. A sirloin steak today is about $15 a pound at Walmart. A few months ago egg priced tripled. More people are going to food banks.
They took out food and energy in the inflation stats in the early 1980's.
Since then, they've also done something called "Hedonic Adjustments" look it up.
@@Dana-ie2bh Well, it depends on what index, but the CPI and PCE both include at least some food. Core PCE however, does not include food or energy. The Hedonic Adjustments appear not to be applied to food per the Bureau of Labor Statistics CPI adjustments. Doesn't really matter what they tell us, we know how much more life costs these days. Thanks
@@pamela5568 You and I know, and most people might know prices have gone up, but most don't seem to know why.
It starts with the debasement of the currency (Printing and deficits}, but that doesn't mean that there are any simple or safe ways to cope with it.
The "Average" factory worker in Mexico makes half what the average Chinese worker makes, so that has something to do with it, Americans are buying more goods from Mexico, spurring economic growth and foreign investment in certain fields.
But it is a "Developing Nation" and its fortunes can swing rapidly.
The way foreign trade is conducted is changing dramatically right now. and "Global" trade is shrinking.
Is American government corrupt? Absolutely, Mexico's? way more so.
@@Dana-ie2bh I agree completely.
Very well done! Here in the US the govt (and their media coat holders) also lie to us about how much trouble the economy is in and what the REAL cost of living situation is. VERY FEW people percentage-wise are earning more than they were 4 years ago.
So, are you leaving?
"You'll own nothing and be happy".
Never trust government statistics. Don't hate the player, hate the game.
So it makes you wonder -- is it still worth it to live there? What about rental prices/mortgage rates? And cars?
I always like to go to wal mart in Puerto Vallarta on the Tuesday sale , they have great deals on fruits and vegetables on that day only.
Hope all is well😎👊🏽
Was in Manzanillo recently and checked out prices at Soriana and La Comer grocery stores and I can confirm the ballooning prices. Even roasted chickens that used to cost 60 pesos back in '07 are now 189 pesos. Thanks for exposing the increase of Mexican food prices Jordan.
exposing it? its not a secret and its not a conspiracy.
Who asked you?? @@RedroomStudios
Where are you getting these prices from market or big chain
Many go to the local markets not only to Supermarkets. And yes here and everywhere prices are skyroketing.
Great info amigo !!!
Jordan, this is the first time I've been on your vlog in a long time. Have you quite Tangerine Travels.
Traveled to PV in Dec. 2023 and noticed that prices for food was higher than the U tubers had put out on channels and decided that Mexico wasn't a place to visit for us any time soon again. Everyone has their own perspective but it we aren't too excited to travel out of the US with the hassle of going for a week unless it's the weather but not for the value. Glad I'm not from Canada because their dollar really is weak but lots of them visiting in PV.
My point previously.
Definitely not cheap mexico anymore 😢
I’m from Toronto but spend the winters in PV for several years now, and yes, the stronger peso does affect the Canadian dollar & to a lesser extent, the US dollar. Even more so is the cost of all commodities, from food to fuel, real estate, renting and buying, and vehicles, since Covid. The influx of expats certainly hasn’t helped either, because it also pushes up the prices to a level we are familiar with paying back home, but really hurts the citizens of Mexico, who earn far less
Oaxaca, one of the poorer states, with super popular tourist sites, have become three times as expensive since 2019....for rent and food.
Jordan, you haven't been posting, we miss your updates, and I hope you are doing OK ...
Another great informational video. You not only hit a grand slam with this one but you knocked it out the stadium. 👍. I lived great in San Miguel de Allende for 16-1800 dollars US in 2019 It would probably cost me a lot more today The super pesos / low USD makes living there more expensive too. The rents in SMA & The Lake Chapala área are skyrocketing. Of course you know wherever the are a large number of expats go , the higher the cost of living is. Thanks for this presentation. Extremely thorough and thoughtful. I like all your videos and have been a long time viewer
And forget about going out to eat I pay around $20 to 25 dlls for lunch including tips that’s for a simple regular lunch 👌🏻
you should find somewhere cheaper then. that is not normal.
@@RedroomStudios only fast food iOS cheaper like $13 for a burger combo with 1300 calories 😬😥
At the place that I regularly walk to for freshly caught fish tacos con todo recently raised their price from $24 pesos to $27 pesos, that's $1.61us per taco it's much tastier than any burger and it's way more healthy for you. Buena suerte!
@@davidsebastianelli1326 I know in Mexico you can find healthy food a lot cheaper than US here a fish taco at least $6 dollars 😅 still you got a lot better quality food in Mexico with your dollars so don’t complain please
Thanks for the video explaining this. I can confirm what you say is true. I came to Mexico right before the pandemic in January 2020 and then again last winter and I'm in Mexico again right now. It's crazy expensive, with prices comparable or even more expensive than the same items in Canada. I don't understand how the locals survive with this amount of inflation.
Es porque compramos en mercados (ojo, no tiendas de autoservicio). Entre otras estrategias
Well, their wages went up 20%-25% for 3 years in a row... so they are doing OK, the middle class at least. We see malls full, restaurants full all the time, coffeeshops the same. The box stores also have long lines, people buy full carts of stuff. The biggest expense, housing, it way cheaper for them than the gringoed price rent that foreigners get to pay... plus they live several generations in the same home. Thus is they have say a 4K pesos a month to pay for rent, we as foreigner pay 14K for rent... here you go...
You need to post more often.
He started another channel about finances.
youtubers helped with the gentrification.
What the hect is gentrification my joyful son Pedrito ?
@BondJamesBond...well deserved wage increases in my opinion
@@chicogozosodecabellosedoso Basically, it's a lot of wealthy white people moving into an area, which causes prices to rise so much that the poor locals can't afford to live there anymore and have to leave.
can't argue this. its literally what's. happening. . just wish more locals owned these establishments that benefiting from this economic boom .
strong peso , se llama