80% of Expats Cite Lower Cost of Living as Reason for Moving to Mexico, According to Far Homes' Expat Survey
SEATTLE, Dec. 20, 2023 /PRNewswire/ -- Far Homes (www.farhomes.com), a technology-powered marketplace that makes it easier for international buyers to find and buy homes, today released its annual 2023 Expats in Mexico survey. The report, authored in partnership with ExpatsinMexico.com, revealed the sentiments of people who have relocated to Mexico from other countries, with 91% of respondents hailing from North America. Participants were surveyed on psychographics including reasons for moving abroad, aspects of life as an expat, and overall satisfaction with Mexico.
- Participants were surveyed on psychographics including reasons for moving abroad, aspects of life as an expat, and overall satisfaction with Mexico.
- Cost of living (79.9%) and Mexico's culture and lifestyle (74.1%) were also top motivating factors in expats' decision to relocate.
- A majority of respondents (56.8%) indicated that moving to Mexico has improved their financial situation while 38.8% reported no difference.
- Analysts at Far Homes concluded that overall, most expats are ultimately satisfied with their decision to move to Mexico.