Perhaps one of the most frustrating parts of the residency process in Mexico is that every Mexican Consulate has its own way of doing things.
Some Mexican Consulates want you to book your initial appointment by email. While others may only accept appointments through Mexitel.
Add to this the fact that every Mexican Consulate seems to have its own income requirements for financial solvency. It’s hard to keep up with and sometimes impossible to find this information on your own. But here’s my research and I want to share it with you!
This is broken up by City, the amount needed for Temporary Residency through monthly income or Temporary Residency through savings. The right 2 columns highlight Permanent Residency through monthly income or Permanent Residency through savings. You only need to prove one, not both.
Keep in mind all of these numbers are in USD unless otherwise noted for Canada.
|CITY||Temporary Residency Income||Temporary Residency Savings||Permanent Residency Income||Permanent Residency Savings|
|Calgary||$3339 CAD||$55,655 CAD||$5560 CAD||$222,622 CAD|
|Vancouver||$3339 CAD||$55,655 CAD||$5560 CAD||$222,622 CAD|
It is also important for you to keep in mind that these numbers were given to me by the consulates as of 2022 and it is still your responsibility to check with your local consulate for the accurate requirements for today as these can change. The amounts are all NET- which means after taxes.
For spouses- the average amount needed additionally each month is $800-$1000 USD. It varies by consulate.
Every consulate operates differently. Such is the case in Los Angeles where they require pensioners to be over the age of 60 if they plan to use monthly income as a way to qualify for residency. Something I haven’t seen other consulates offer. Please inquire with your consulate directly.
How I Gathered This Info
I’ve contacted a variety of Mexican Consulates and have also combed a lot of Mexican Consulate websites. To help you determine if you are eligible for residency, these are some of the top consulates for which I have gotten income information. But do keep in mind these income requirements can change, and it’s your responsibility to check with your local consulate when you apply for residency.
Also, keep in mind that these income requirements change every year. These are the income requirements for 2022. If you qualify for residency today, but might not qualify next year, I encourage you to start your residency process sooner rather than later.
If You Need An Immigration Facilitator
If you need an immigration facilitator recommendation, please check out our COMPLETE Mexico Relocation Guide. In the online guide, you get a step-by-step plan to help you process your residency on your own. Among other things that are included. Here’s a video to give you an idea.
However, the process can be complicated at times and you may need additional help. So to help you even further, you also get our directory of recommended immigration contacts throughout Mexico.
Another few things you should keep in mind is that my table doesn’t include things like qualifying for residency through Mexican homeownership. It’s another way that you may be able to obtain a Temporary Residency if you can prove to a Mexican Consulate that your property in Mexico is worth at least ~$350,000 USD or 40,000 days times the minimum wage in Mexico (currently $172.87 Pesos).
The chart also doesn’t consider those who may apply together with a spouse. Which is usually an extra $800-$1000 USD in addition to the income requirement for the main applicant.
This entire process is explained in our Mexico Relocation Guide and I highly recommend working with an immigration facilitator who can help guide you through this process and ensure you are successful.
Mexico isn’t for everyone!
To avoid that costly mistake, I highly recommend that you check out our Mexico Relocation Guide before you decide to retire in Mexico.
Our relocation guide has a lot of helpful information that is fact-checked by experts in their fields so you can have the confidence that Mexico is the right place for you! In the guide, we talk about getting a residency visa, healthcare in Mexico, hiring the right immigration expert, moving with pets, and even finding a great rental! I also share with you the contact information of my recommended real estate agents, immigration experts, expat healthcare brokers, and other contacts that can be very useful on your move- And our directory covers ALL OF MEXICO.
If you’ve been dreaming of retiring or living in Mexico and don’t know where to start, this guide is for YOU!
I share the good, the bad, the pretty, and the ugly, so you’ll know if Mexico is right for you! We take care of answering the top questions you’ll have about relocating, so the only thing left to do once you’ve purchased the guide is to pack your bags and explore different areas of Mexico!
You only have one life. Don’t you want to make the most out of it?
If the pandemic has taught us anything, it’s that tomorrow is not guaranteed. If you’re like us and are wondering if you’ll work until you die, then I encourage you to discover Mexico.
Welcome. We are so glad you are here!
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