You may have heard that the exchange rate between U.S. dollars and Mexican pesos is great and getting better. That’s good for us, not so good for people here in Mexico.
When we lived in Westmont, we got a weekly “allowance” from our favorite ATM on Ogden Avenue. Here, I’m getting a little more and hitting the ATM more often, but that’s because we use cash more frequently. Many restaurants and shops don’t take plastic. Likewise, tickets for concerts, lectures and other events.
One of our reasons for living in another country is the cost of living, so let’s talk about that, starting with the cost of food. Here are a few items we bought several days ago at el Comer, known locally as “Mega.” All prices have been converted to USD:
- Reynolds aluminum foil roll, $1.13.
- Loaf of whole wheat bread, $1.96.
- Jumex orange juice, 900ml, 69¢.
- Lavazza coffee, 12 oz., $7.37.
- Barilla penne pasta gluten-free, 12oz., $4.91.
- Hellman’s mayo, 190g, 89¢.
- Four gala apples, $2.21.
- Olive oil, 250ml, $1.72.
But we buy most of our food at the Saturday organic market just down the street, or at the public mercado just north of the main plaza. We get great produce at low prices. They don’t give receipts and I can’t remember the exact prices, but less than Mega.
On our way home from the public mercado, we stop in to a carneceria, a butcher shop. We’ve gotten some excellent pork chops, ground beef and mild chorizo there. Better quality and lower prices than Mega.
Why even go to Mega, you ask? For coffee (we really like Lavazza brand, which we discovered in Malta), some paper products, a few other things we can’t get at the mercado.
Restaurant prices — again, there’s a range of prices. The anniversary dinner we enjoyed Monday night at one of SMA’s high-end places cost about what we would pay at our former haunts, such as Bakersfield, our favorite Westmont eatery, or Devon, the great seafood place in Oak Brook Terrace. Lunch today, on the other hand, was just $200 pesos with tip. That’s not even ten bucks for two people having lunch.
Other costs. Dry cleaning, we pay $45 pesos per item, or about $2.20 USD. Leslie got a mani/pedi a week ago and paid $300 with tip, less than $15 USD. I’m scheduled for a haircut tomorrow. They tell me it will be $250 pesos. Got some very nice Mexican wines a few days ago for just over $10 USD a bottle. Our buddy Ken Stevens would appreciate that!
Housing costs are all over the place, but for the most part they are fairly consistent with prices in the Chicago area. One local real estate agency is advertising a three-bedroom newly built home with high ceilings and a rooftop entertainment area. It’s just over 1,600 square feet and is listed for $139,000 USD, but it’s nowhere close to the Centro where you find most of the restaurants, bars, galleries and shops. Still a good price. Centro properties can be more than $1 million USD, but the same agency has a three-bedroom with over 3,000 square feet listed for $850,000 USD. Includes a two-car garage and a rooftop terrace.
Rental rates also vary, depending on location, of course. One agency’s website lists a two-bedroom in the El Encanto neighborhood for only $950 USD a month, but you definitely need a car to get anywhere. The same agency has a gorgeous 2/2 in San Antonio, within a 15- to 20-minute walk to Centro, for only $1,140 USD a month. It includes a garage and rooftop terrace. And nearly all rentals are fully furnished. Some sales are, too!
Two interesting things about real estate here. First, all the agencies list their prices in U.S. dollars, which should tell you who they’re marketing to. Second, there is apparently no multiple-list service like in the States. And we’ve heard the agencies do not cooperate with each other. Go to a local Coldwell Banker agency, for example, and they will only show you their own listings. That might be an issue for our friend, Slav Polinski of the CB office on Main Street in Downers Grove, the best real estate guy in the western suburbs!
One thing we have learned about living in San Miguel de Allende — and Mexico in general, I suppose — is that utility costs are pretty high, especially electricity. In some of the other places we will be living, especially Puerto Vallarta and Mérida, we are being asked to pay extra for the electricity we use.
That gives you an idea of what it costs to live here in San Miguel de Allende. If you have specific questions about what things cost here, just ask. We’ll let you know.
One thought on “Muchos pesos, no muchos dolares”
Thanks for your great posts. They are interesting and informative. Always enjoyable to read. We pray that your journey will be most enjoyable. It seems that you already have enough material for a book. Many blessings, Bill and Linda