Living Well in Puerto Vallarta: A Cost Analysis for Retirees

My wife and I are considering a move to Puerto Vallarta, a beautiful coastal city in Jalisco, Mexico. We currently have an estimated monthly income of $5,000 from investments, retirement savings, and VA benefits. In this article, we will explore whether this income is sufficient to live comfortably in Puerto Vallarta, breaking down the cost of living and discussing the lifestyle advantages this city offers.

Cost Breakdown for Basic Living Expenses in Puerto Vallarta

Let’s start by examining the basic cost of living in Puerto Vallarta. Here’s a breakdown of the monthly expenses for a comfortable lifestyle:

Housing

For a one-bedroom apartment, housing can cost between $500 to $700 per month. This figure is based on average rental prices in the city, but prices can vary depending on the neighborhood and the quality of the apartment.

Utilities

Utilities, including water, electricity, and internet, typically cost between $50 to $100 per month. This range accounts for the typical consumption levels for an average-sized home or apartment in Puerto Vallarta.

Transportation

For transportation, you can expect to pay around $30 to $50 per month. This covers the cost of using public transportation, such as buses or taxis, which are widely available in the city.

Food

Monthly food expenses can range from $200 to $300. This estimate includes groceries, dining out, and occasional meals purchased at local restaurants. The cost of food is influenced by local food prices, which vary depending on the quality and freshness of the ingredients.

Puerto Vallarta: A Cost-Effective Retirement Destination

Even with these expenses, it is possible to live comfortably on a monthly income of $5,000 in Puerto Vallarta. The city’s affordable prices for housing, utilities, and transportation make it a viable and attractive option for those seeking a cost-effective retirement lifestyle.

The cost breakdown above shows that even after accounting for all these expenses, you and your wife should have a significant amount of disposable income remaining. This figure does not account for any savings, additional sources of income, or potential investment opportunities in the city.

Overview of Puerto Vallarta

Puerto Vallarta is a charming coastal city situated in the state of Jalisco, Mexico. The city offers a vibrant blend of cultural heritage, natural beauty, and modern amenities, making it an ideal destination for retirees and those seeking an alternative lifestyle.

City Overview

Located along the Pacific coast, Puerto Vallarta boasts warm weather, clear blue skies, and a perfect climate for outdoor activities and relaxation. The city is renowned for its stunning beaches, vibrant nightlife, and rich cultural offerings, including local festivals, museums, and historical sites.

Real Estate in Puerto Vallarta

In terms of real estate, we found a house for sale in Puerto Vallarta that is priced at $133,600. The house features three bedrooms, three bathrooms, and a spacious area of 1,192.63 square feet. If you were to secure a mortgage at an annual rate of 10.5%, with a 30-year amortization period and an 80% loan-to-value (LTV) ratio, the monthly mortgage payment would be approximately $817.67. This amount is just 16.3% of your monthly income of $5,000, leaving you with a substantial amount of disposable income.

Conclusion

Based on the cost analysis and the housing option presented, it is clear that a monthly income of $5,000 would be more than sufficient for a comfortable and fulfilling life in Puerto Vallarta. The city’s cost-effective living arrangements, combined with its appealing lifestyle, make it an excellent choice for those planning to retire in this beautiful part of Mexico.

In summary, if you are thinking about making a move to Puerto Vallarta, you can rest assured that your income will more than cover your costs of living. This city offers a great lifestyle at an affordable price, making it the perfect destination for those looking for a more relaxed and cost-effective way of life.