Is Puerto Vallarta the Affordable Dream? Cost Comparison to US and Canada
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- čas přidán 5. 08. 2024
- Is Puerto Vallarta the affordable dream you've been searching for? In this video, we delve into a cost comparison between Puerto Vallarta and the US/Canada to uncover the true affordability of living in this vibrant Mexican city. We explore various aspects such as housing costs, healthcare costs, and Food costs to give you a comprehensive understanding of the financial advantages Puerto Vallarta has to offer. Join us as we analyze the numbers and discover whether Puerto Vallarta can make your dream of an affordable and fulfilling lifestyle a reality.
⚠️ Disclaimer: Prices for basic goods are subject to inflation and other economic factors, so it's a good idea to check for updated prices periodically. These are approximate prices for comparison as of May 2023, and are subject to change.
📊 Link for Cost of living comparison sheet: docs.google.com/spreadsheets/...
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NOTE:
The content provided in this video is for informational purposes only and should not be taken as investment advice. Investing involves risks, and it is important to conduct thorough research and seek professional guidance before making any investment decisions. The content presented here is based on the available information at the time of the video, and market conditions may have changed since then. The views and opinions expressed in this video are those of the speaker and do not necessarily reflect the official policies or positions of any organization. Always exercise caution and consider your individual financial goals and risk tolerance before making any investment choices.
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NOTE: INFORMATION IS RELIABLE BUT NOT GUARANTEED. ALL PRICING IS SUBJECT TO CHANGE
The creator of this content is not a CPA, attorney, insurance agent, or financial advisor and the information in these videos shall not be construed as tax, legal, insurance, construction or financial advice. DO NOT make buying or selling decisions based on this content. Tax laws and immigration/residency policies in Mexico are subject to change and should be discussed with a qualified Mexican accountant. Always work with local experts when considering a foreign property investment. Any use of other media is by fair-use only.
#PuertoVallarta #AffordableDream #CostComparison #LivingAbroad #RetirementPlanning #ExpatLife #FinancialAdvantages #MexicoLiving #BudgetingTips #RetireInMexico #TravelVlog #ExpatriateLife #AffordableLiving #ExpensesComparison - Zábava
Medical Expenses Clarification:
In the Medical Costs portion of the video, there may be an implication that Canadian and US citizens are subject to all the expenses I presented. However, this isn’t quite correct.
Thank you to a Canadian viewer who pointed out that Canadians have access to national health insurance, and therefore make no out of pocket payments to see a doctor nor for most non-elective medical procedures (with exceptions for services like eyeglasses, hearing aids, dental, etc)
Similarly, a segment of the US population has their medical expenses offset by company subsidized insurance, or via insurance from the affordable care act.
Your medical costs for the US are conservative. I needed a CT Scan that was $2,692 in the US. I flew down to PV and got it done for $234. This all happened this week so my numbers are current. Thanks for the great videos.
That's crazy the difference. Awesome for you❤
I can concur on that I have health insurance in the US but hurt my shoulder in the gym and I was astounded an mri was only 5000 pesos. In the US with insurance it would've been $600 lol
We relocated to Morelia, Michoacan almost three years ago. My wife is a Mexican citizen and I'm from Reno, Nevada. Being away from the beach is even more advantageous. Food prices, Medical care, and housing are VERY affordable. We rent a beautiful 3brm/3ba, nearly 4000 sq ft house, in a very nice neighborhood, not a gated community, for 8000 pesos ($400 USD) per month. There's a lot more to living in Mexico than laying on the beach. Thanks for the video, it's nice to keep up to date.
VIVA MEXICO 🇲🇽
For a 3 hour road trip or 40 min flight to the nearest large city which is Guadalajara, you get medical services at even lower costs. An extra 30% to 50% savings at least I would say.
That was a great video and please make many more like this one! And of course I really enjoy all of your real estate videos as well. Thanks for sharing and hoping to move there asap...
This a great starting point video! Good job Gary ❤
Great informative video today. Thank you for sharing.
I bought a Condo in Huatulco and looking forward to having it finished this summer.
Blessings, Carlos ✝️🙏❤️😊❗️
Another very professional and realistic video. Thank you 👍
Interesting clarification on costs, thanks.
great video, ty, planning on moving soon
El Comer is a beautiful store, better than in California. Beach clothing is kinda chinky but food is excellent quality. I love shopping there. Love my PV, it has my heart!
Gary thanks for the very informative info I'm in the planning stages to retire in 2yrs or less and make Puerto Vallarta a full time living place I'll set up for the free consultation Have a great day
easy listen 👍
Great information. I live in Hawaii, just quadtriple those prices, more for real estate . Dreaming my return to Sayulita.......Aloha
Thank u Gary great info! Although I think the US is even more pricey than u quoted. Nevertheless, it’s very helpful!
Gary
Don't forget about the low property tax & HOA.too! We bought in Versalles last year & can't wait to relocate.
Great info Gary!! As a retiree one of my many concerns is the quality of health care. What is the best way for gathering information on which private plan and hospital would be best for me? Gracias!
Ha! I have to pay 5 -7$ for a loaf of bread in the US. I have to eat gluten free in the US. The last quote we got for an MRI was 3k. Love the whale painting!
There are two sides to every coin! I have lived in PV for 2 years now and I will share some exact info if you respond to my comment.
Good info. Mexico will be my jumping off point for retirement.
Great video! Gary, do you or anyone you know work with people looking for long term rentals? Thanks!
All Americans should have access to health care on the same level as I have with the VA as a Vietnam veteran.
I have no expenses out of pocket.
The VA is the only medical institution that is able to negotiate drug prices and prices of services with outside providers when they cannot provide that service in house within a reasonable time limit.
They should limit the ability to sue doctores thus lowering their liability insurance costs.
I think people take advantage of this unnecessarily which is one of the contributing factors to the high cost of medicall care here.
Doctores also contribute to this cost just because they are able to bill insurance companies for overblown charges.
You earned that by serving our country, THANK YOU!
@@Deltron6060 Agreed!
Is there any concern about whether these locations in Mexico are turning into concrete jungles? How would you compare PV with Manta Ecuador or Punta Cana, Dominican Republic? And how do comparable Mexican cities compare with one another?
I am in Fort Myers, Florida
It's sad to feel the need to compare costs in a Mexican Resort city to those in G20 countries. Goes to show you a couple of things. 1st how PV is saturated with tourists and expats considering the area and that it is quickly becoming the next Cancun or Playa. 2nd, the reason this video is not comparing Vallarta to other places in Mexico is precisely because it is well over priced by Mexican standards. Is the weather in PV nice throughout the winter. I would say it is fantastic compared to Canada and the northern US no doubt. So that is actually a plus but there are quite a few places though that are considerably less touristy and less costly also in between Bucerias all the way to Guayabitos with similar weather. Also the Yucatan Peninsula is another fantastic option. I just bought a place in Merida for a fraction of what real estate would have cost for a similar dwelling back in PV and at a considerably lower interest rate. Merida for those who don't know has been designated the safest city in Mexico for a number of years now. It has all of the services you find in Vallarta and much more. The one disadvantage to Merida is that it is not on a beach. However, it is close enough to easily drive to one within 45 minutes. So if the ocean is not the most important aspect to you i would make sure you compare a few places in Mexico before even considering buying something there. Have a good day everyone.
Thanks for your info. Will check out Merida.
thank you you were very informative. Need to know about wheel chair accessibility asap. Can you help?
Although the building has an elevator, I'm sorry to say that there are steps in some parts of the common area and in the rooms themselves
Nice and useful!
Although, your Canadian housing $$ amounts seem quite low to me. I'm in North Vancouver ( I think Vancouver is now a bit more expensive than Toronto) but rents in the GVRD have pretty much doubled in 8 years' time. A studio or small 1 BR is between $2000 - 2400 right now and still on the rise. Going away from the more densely populated areas doesn't offer much relief. The high cost of gas (currently $1.85/litre = $6.40/gal) keeps people from moving too far from the larger urban centres.
Carbon taxes (x2 next?), and new taxes ad infinitum only add to the trouble for employers and wage earners alike.
This all has me seeking a retirement elsewhere, and smaller Mexican cities appeal to me, although I do fear that I'll end up seeing many of the same issues arise from the population growth (demand) vs. scarcity. At least in a country or region where goverment spending isn't out of control I suspect I'll be better off.
Cheers!...from North Vancouver
I’m in Toronto and yes rents for a 1 bedroom condo would be $2400-2500 per month CAD. I think he converted it to US Dollars for comparison
@@bigmacjc Thanks for that -- I'm sure that explains the discrepancy.
Pls buy a teleprompter my friend. But good video.
Where do you get the cost estimates for Canadian medical care from? I am Canadian and we have Medicare for all here. Seeing a doctor and most non elective medical procedures come at zero out of pocket expense even without insurance coverage. You will pay for prescriptions and eyeglasses + hearing aids, dental, etc.
Thank you, I appreciate you pointing that out. I clarified/corrected that in a comment and pinned it to the top of the Comments section.
Also, senior citizens in the US have Medicare which covers majority of medical costs. However prescription drugs are very expensive depending on the type of prescription.
Do they use insecticides, like glyphosate ( round up) ?or it’s cleaner ❤
Bread is $5 per loaf in the USA
Dang my 2 bedroom apartment is cheaper than that here in the US. That's a lot higher than I imagined.
The US numbers in your spreadsheet are way too high. Eggs don't cost $6/dozen, nor is gas $7.60/gallon in the US. When it comes down to it the only expense that really matters is housing and, in the US, medicare care. Sure maybe foods at your local market in Mexico are a bit cheaper, produce and some meats, but not a lot and they are they only a small fraction of a person's budget. All manufactured goods will be cheaper in the US than Canada or Mexico. Plus, so much of housing is dependent on where you live. For Vancouver and Toronto your housing costs are too low.
Try $ 8.99 for a small bag of organic granny smith’s apples in Hawaii 😢
With homes selling in US dollars in Mexico it makes it costly for Canadians to purchase. $1 US dollar costs $1.40 Canadian.
That's a little high. It's now (6/7/2023) $1.35 CAD/ USD. But yes, it does depend on the date you make the conversion and $1.40 is only a little off.
I want to sell my property and move to Mexico but have no clue where it would be cheaper to live, Puerto Vallarta or Cancun downtown area? So confused
Hi, thanks for the comment. My colleagues and I can help you with your initial research in Puerto Vallarta. Please send me an email and we will follow up. My email is in the description of the video
Ok will do. Thanks @@GaryShirkPV
I am not interested "FRACTIONAL OWNERSHIP" if thats what you do. I want to own my own property, not give another man my money monthly and yearly.
@@GaryShirkPV
Take a trip there to see for yourself. It would be worth it.
@@maureenmannion6748 I did. I went to Puerto Vallarta for 2mts, hated it. Too many people and traffic. Plus the city near zona romantica is full of cars and carbon monoxide. Got sick on the 1st night. Had to relocate. Maybe I have to search for a place where the people don't appear like zombies crowded up in a bus and streets and where the air is open and clean. Will try maybe Cancun, Tulum and Playa del Carmen. I visited Baja California but it's too close to America
Housing in Puerto Vallarta is actually really expensive.
Your cost for thing in Canada are off. At least here is BC. The cost are horrible. For example 1 gal of milk it’s about $4 USD. Average housing in Canada is now $1,700 USD. Looks like your prices between Canada and the US are backwards 😊. Canada is stupid expensive.
My wife and I are currently getting our Temporary Residency for Mexico 🇲🇽
Yeah cheaper for you guys and for us mexicans too expensive, you should ask vallartenses workers if is it cheap for us.
Good for you but not for us the more you come the more expensive gets for us.
In rents, foods, healthcare etc.
So look for another mexican City thas is just growing like Huatulco or many other beaches in our beautiful pacific coast VALLARTA IS GETTING OVERPOPULATED!
Thank you
Ummm we dont pay out of pocket for medical procedures in Canada...get you're facts straight !
You have turned our lives into a nightmare way of living with expensive rents for most people in Mexico. All the best places and even zones with low equipment suddenly are nigh-nice zones that create a disparity among us and also displace native people from the downtowns. It is what it is, but you should talk about that too. Our government is guilty though, you can come very easy don't need to double-check or get a visa. Yeah, there are a lot of immigrants causing problems in your countries as well BUT without them, your economy would fall.
You are literally comparing apples and oranges
So MANY DAMN FOREIGNERS THIS IS WHY YOU MAKING OUR TOWN SOOO SPENSIVE ...