Retiring abroad does not exempt you from paying taxes. If you choose to spend your retirement in Mexico, it is still necessary to submit a tax return and report all taxable income, just like if you stayed stateside.
Can I wear shorts in Guadalajara?
It’s time to put away the shorts and flip flops if you’re headed to Guadalajara. Unless you’re a child, wearing such items will give away your tourist status right away. In this city, even in its hottest times of year, adults avoid wearing such casual items outside their homes. To blend in with locals and not stand out as a traveler, keep your wardrobe full of pants or skirts with leather sandals or closed-toe shoes on your feet.
Do a lot of Americans live in Guadalajara?
Numerous Americans and Canadians are making their residence in the city of Guadalajara. Additionally, a considerable retirement community has taken root near Lake Chapala. This blossoming population is driven by international persons seeking an enjoyable lifestyle and a lower cost of living.
How many expats live in Guadalajara?
Located in Mexico, Guadalajara is home to an expansive and well-established expatriate population, estimated to be at least 50,000 people. It is a great place for foreigners to experience Mexican culture while also having the opportunity to interact with fellow expats.
How much money do you need to live comfortably in Mexico?
Generally, my total cost of living in Mexico has been under $745 per month. In Oaxaca the cost is even cheaper; I have spent less than 600 USD each month. Across all of Mexico, living expenses typically range between $600 and $2000 every month. My monthly expenditures are as follows: Transportation – 20 USD, Entertainment – 50 USD with a grand total of 745 US Dollars.
I’m Brendan Rivers, and I love all things real estate. I live in sunny Los Angeles and work as a real estate expert. I enjoy helping people find their dream home, and I love everything about the process of buying and selling property.
I’m originally from Boston, and I love spending time with my family and friends there. When I’m not working or hanging out with loved ones, you can usually find me at the beach or exploring new parts of LA.