• Michaela & Ricardo

Lake Chapala Mexico Cost Of Living 2020

One of the most asked questions on web boards is, “What does it cost to live in Lake Chapala?” Obviously the answer can vary greatly. I know couples who live on as little as a $1000 per month including rent and it goes up from there. Depending on your lifestyle, and whether you own or rent, the true cost of living Lakeside can vary.

In this blog I've re-examined our expenditures and updated them for 2020 providing you with the most accurate average 'cost of living' possible.

Inspiration for this blog came from a Jerry Brown Travels YouTube videos.

In 2017 Jerry and Lori spent $1390/mo without rent


Updated in 2018, Jerry and Lori spent $1500/mo without rent


So how do our costs compare with Jerry & Lori's?

(All costs below are in USD and are based on a couple with 2 cars)

Food/Dining/House Supplies

Michaela & Ricardo $600/mo.

Cost $600


Michaela & Ricardo $30/mo. Cost $30

Car Insurance/Gas/Repairs/Air Care/Tax (for 2 cars)

Michaela & Ricardo $200/mo.

Cost $200


Michaela & Ricardo $15/mo

Cost $15

Cell phones(2)/House phone/Internet

Michaela and Ricardo $45/mo.

Cost $45

(cell phones include unlimited calling to the U.S. and Canada and House phone

includes 100 calls per month to 42 countries with no time limit)

Medical/Dental Visits, Medication & Annual Tests

Michaela and Ricardo $50/mo.

Cost $50

Utilities (Gas/Electric/Home Repairs/Gardener/Maid (1X per week))

Michaela & Ricardo $300/mo.

Cost $300

(Note: Our electric and gas comes to only $50/mo.)

Miscellaneous - Personal Items/clothing/gym/yoga/massages, etc

Michaela & Ricardo $150/mo.

Cost $150

Missed Items - Anything I might have missed

Cost $50


Cost of Living

Total Cost Of Living $1440

Compare these costs to Jerry & Lori's and they provide you with a very accurate accounting of the cost of living in Lake Chapala!


Rents vary from $300 to over $2000 dollars but most common would be between $800-$1000 (we were paying $800 when we left our rental) so let's average it out to $900 for the purposes of this blog

Grand Total Cost Of Living & Renting A Home $2340 USD/month for a couple (2 cars)

Owning Your Own Home

Of course it you own a home, cost of living is drastically reduced.

Take the $1440/month and add approximately:

Property Tax - $240/year - $20 per month (we just paid $250)

Water - $240/year - $20 month (we just paid $150)

...and depending on where you live you might have an HOA

HOA - Avg. $75/month (we live in an independent home so no costs)

Large Home Repairs (roof, painting etc) - $1000/year - $80/month (I have to throw something in for Maintenance)

Grand Total Cost Of Living & Owning A Home $1635 USD/month for a couple (2 cars)

So if you have money to invest in a home ($150,000-$250,000), it makes good economic sense to purchase a home, saving you approximately $700/month or $8400/year!

A big item that is missing here is Medical Insurance. This, too, can vary widely depending on a number of factors such as age, health, deductibles, etc. so I have purposely left it out. Please read my other blog on Health Care Options In Mexico.

I know you have found this blog to be extremely informative so don't miss out on the next one and Subscribe here. If you have questions let us know. We're here for you!

Thanks for Reading!


3,299 views0 comments

Recent Posts

See All