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Cost of Living and Inflation in Mexico City: What do you need to know?

two local experts
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Here's what two local experts had to say about prices and the cost of living in Mexico City.

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I couldn’t let this occasion pass without sharing a few insights to help you get the most out of your Mexican adventure.

1. Exploring Culture and History:
Mexico City is steeped in rich history, and one of the best ways to immerse yourself is through its numerous museums and historical sites. Don’t miss the National Museum of Anthropology, the Frida Kahlo Museum, and the Palacio de Bellas Artes. Chapultepec Castle, with its stunning views and expansive park, is also a must-visit.

2. Food & Drink:
Culinary exploration should be high on your list. The city offers a wide range of choices, from street food like tacos al pastor and tamales to high-end dining experiences. Try Mercado de San Juan for a variety of fresh produce and culinary delights. Pujol and Quintonil are two acclaimed gourmet restaurants to put on your list for a special occasion.

3. Neighborhoods:
Each neighborhood, or ‘colonia’, has its unique charm and vibe. Condesa and Roma are popular for their bohemian atmosphere, boutiques, and trendy eateries. Polanco offers a more upscale experience with its luxury stores and restaurants, while Coyoacán, Frida Kahlo’s neighborhood, has a more traditional, relaxed feel.

4. Language:
While many people in Mexico City speak English, especially in tourist areas, I would recommend learning some basic Spanish phrases. It will make navigating the city easier and it’s a great way to show respect for the local culture.

5. Safety:
Like any major city, it’s essential to be aware of your surroundings. Stick to well-lit areas, especially at night, and keep an eye on your belongings. Uber and other ride-sharing apps are generally safe and affordable means of transportation.

6. Outdoor Activities:
Mexico City is surrounded by beautiful natural landscapes. Hiking in the Desierto de los Leones National Park or rowing a boat in the tranquil waters of Xochimilco canals are great ways to escape the city’s bustle.

7. Cost of Living:
The cost of living is generally lower than in many U.S. or European cities. However, this can vary greatly depending on the neighborhood and your lifestyle choices.

8. Embrace the Unexpected:
One of the most exciting aspects of living in Mexico City is the unexpected. It’s full of surprises, whether it’s a spontaneous fiesta, a hidden courtyard café, or a street art masterpiece around a corner.

Remember, moving to a new city, especially one as diverse and bustling as Mexico City, can be a thrilling but daunting experience. Take your time to settle in, embrace the local customs, and enjoy the vibrant Mexican culture.

Benjamin, says: 2023

It is a very crowded city, with one of the highest crime rates all over the continent. However, they should also be aware that it is a pretty cheap city, and the people living there are usually very kind and helpful with foreigners.

Emilia, says: 2020
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