Select Mexico Properties

Most people who are considering a move to Puerto Vallarta are interested in the cost of living here. For some, that’s the primary motivator for moving in the first place. Their main question is whether or not you can really live less expensively in Puerto Vallarta?

The simple answer is yes, but it really depends upon the lifestyle you want to lead. You can find everything you need and want here in Puerto Vallarta. In addition to beautiful, ocean-view housing, you can also find excellent, affordable health care, low-cost prescription drugs and clean, safe water.

Fresh produce is widely available. You can find imported specialty foods, but they’ll be more expensive than the local cuisine.

Energy costs can be higher than what you’re accustomed to paying in the US. The price of gasoline is regulated by a government monopoly, but electricity costs can be higher. Energy-efficient home designs and the use of solar technology can substantially offset the additional electricity costs.

Taxes are substantially lower here, but you’ll still pay them. Your tax rate depends upon your residency status. Fortunately, if you live in the country for more than six months each year, you can qualify for residency (for tax purposes) after five years. Your resident tax rate will drop your costs in this area even further.

Public transportation is widely available and Puerto Vallarta continues to seek innovative solutions that meet the transportation needs of its growing population. In addition, massive investments in the infrastructure in Puerto Vallarta are being made right now to support not only the growth in Puerto Vallarta’s tourist industry, but also the growth in Puerto Vallarta’s permanent population. These improvements make Puerto Vallarta an attractive investment area and will enable you to live less expensively in Puerto Vallarta.

If you are considering an investment in Mexico real estate and you’re looking for a solid investment performance, please contact a Select Mexico Properties sales representative today and let us show you how you live less expensively in Puerto Vallarta and still enjoy a high quality of life.

Photo Credit: Mario Alberto Magallanes Trejo