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I'm double thinking about relocating to Mexico, too.  It seems that Mexico will soon become more like the USA in terms of rules and regulations, the same reason we move there in the first place.  The rising rents in every desirable location in Mexico is a prime example of this.  It'll be awhile before they catch up with us, but you can bet that such extreme measures will be instigated against expats living in Mexico in the future, so get ready for it.  The world is getting to be a very difficult place to live in, if you haven't already noticed

NYC Rob wrote:

I'm double thinking about relocating to Mexico, too.  It seems that Mexico will soon become more like the USA in terms of rules and regulations, the same reason we move there in the first place.  The rising rents in every desirable location in Mexico is a prime example of this.  It'll be awhile before they catch up with us, but you can bet that such extreme measures will be instigated against expats living in Mexico in the future, so get ready for it.  The world is getting to be a very difficult place to live in, if you haven't already noticed

I think if you look around you will see that instability and increased costs are more global. In other words not limited to Mexico. What many countries have in common is new leaders and ever-changing rules of practice and behavior. It's more the lack of regulation and the decline of the rule of law than too much regulation.

I'm an old man now, and I've lived to see many new advancements, new laws, and new politicians.  But you're right.  This time it's global.  I'm only glad that I lived to see "The Good Old Days."  Many Millennials will not.

INM calculates the minimum financial solvency amount in USD by multiplying the minimum wage in CDMX X 500 = monthly pension USD amount to now be about $3,250. The minimun daily wage was raised from about $80 to 88 recently and Jan. 1st. 2020 rose to $123.22 pesos. The CND dollar is down against the USD. The peso is up to about  $18.42 now, not close to $20.00/ 1 USD
Minimum investment financial solvency is 20,000 X CDMX daily minimum wage in USDs for Residente Permanente and that is why it now is $199,000 CND. They are using the equation in the 2011 SEGOB  INM law to caculated the amount not raising it on a whim.

Thanks for that explanation alleycat1.

I'm glad the minimum wage for Mexicans is increasing, while it makes things more difficult for some of us wanting to move there permanently, I realize it is not all about us.

Your can always do temporary resident for the first 4 years and then do permanent.

Thanks, Alleycat
That was helpful. My first thought was the government was limiting the gringo invasion in response to US policy.  Glad to hear I was wrong. 

Presumably that would also apply to every country's expats trying to come here. Right now I'm in Playa and there's now a huge Argentine population, compared to 7 to 12 years ago when I came here regularly.

Who really cares WHY the Mexican government did it, the only thing that matters is that they DID.  I find it highly ironic that when gringos move to Mexico, you have to prove your legality, then prove that you make enough money every month to live here permanently, while tens of millions of Mexican, Central and South Americans continue to live and work in the US illegally, in California even getting jobs, totally free heath care, and even a bi-lingual education for their entire families, "en espanol."  Worse still, it seems that no American even has the courage to talk about it.  This kind of sheer unfairness and inequality is pure insanity, straight up.

NYC Rob:

Good points!

I think the new requirements are a little over the top. Even if the Mexican peso was to increase dramatically in value against the USD, CND & Euro etc... all of a sudden I think it is still overkill, but I am not an economist, just my opinion.

Xxxx

The  required amounts can vary by consulate at least that's how it is at Mexican Consulates in the US.
There is an alternative of course don't move to Mexico find some place else that is a better fit for you.

well, those would be good points if they were true, but for the most part they are opinions, not facts.

I lived in California for many years and some of my family still live there so I know quite a bit about California.  Things like the fact that California required a lot of migrant workers, movement, until the passport requirement started was fairly free back and forth. Mexico once had California as part of their country ( that requires knowing some history of both countries in order to understand).

Mexicans who work in the U.S. pay taxes and never qualify to receive SSI imagine that. They often take poor paying jobs Americans won't take, and work very hard. California tried to get teens to work in the fields as did other states and it was a disaster. They wanted money, but not by using those jobs to get it. Plus the toxic exposure to chemicals was very high for the workers.

I think it is admirable that Mexico has made rules so that someone cannot move there and take advantage of the government (tax-paying Mexican citizens) by asking the government to support them. Quite different in Canada where thousands of refugees who are unemployable and cannot support themselves are allowed into Canada.

The rates have gone up due to the law to raise minimum wage.

At least Mexico has a workable Immigration system.

The USA immigration system -  I have no positive words.   

Exactly. Our circumstances are not what they were when we made the decision to move(from the US). I understand but we are wondering whether we will be able to do anything we had planned two years ago...

Hi, I have just joined this forum today, I have been on the Dominican Republic Forum for years. We are deciding now if we should move to Punta Cana DR or Playa del Carmen MX.

Please help me understand Mexico's residency process, I know Dominicans inside out, there you only need $1,500 per month pension and if you are brining a spouse an extra $250 and an extra $250 for any children (no kids).

My husband is retired and will meet the pension requirement without an issue and that's with bringing me along (his wife of the last 33 years! Lol!) I am 6 years younger so I'm not retired yet (only 56). So in DR you have to show proof of monthly income...from what I've read hear about MEXICO it sounds like Mexico wants proof of cash in bank...am I correct? So the new requirement is $190,000 USD that you must have in savings correct? Do they count how much you are spending on a home or condo? 

I know some islands I researched are really ridiculous...like Bahamas, Turks & Cacios and Grenanda to name a few are asking that you spend $350k-$500k USD on a home/condo to qualify,  or you can make a one time donation to their Government for 200-250k USD which will get you citizenship and a passports to several countries.  So if anyone has the scoop on the most recent Mexican Residency requirements is appreciate it 😄

Your best resource Kat would be a Mexican consulate.  They are the only ones who actually must keep up with the current rules.  It was pretty stable and easy to describe before the current administration arrived.  Now it has a shall we say, more flowing quality.