How Americans Can Retire in Baja
The best-kept secret of affordable retirement lies abroad. Make it happen!
Americans seeking retirement usually turn to a couple of popular destinations within the U.S. But the best-kept secret for affordable retirement lies abroad. Rosarito, Baja California, known for its beautiful beaches, coastal climate, and unbelievable cuisine, has become one of the most popular destinations for retirees in the past decade. With some planning, this magical city can stretch your money further than any in the U.S.
Rosarito’s vibrant culture has attracted a large community of Americans looking to retire. Due to its proximity to the U.S. border—a short 40-minute drive—it is easy to visit the U.S. and stay connected with loved ones.
The Rosarito beaches are among some of the most beautiful in all of Mexico, showcasing the vast blue Pacific Ocean. Almost perfect weather that rarely drops below 50 degrees makes it a vacation or retirement spot you can call home. Rosarito and Ensenada are known worldwide for having some of the most spectacular fresh seafood, including local lobster, shrimp, and fish. And by driving 30 minutes East, you’ll find the Valle de Guadalupe with its world-class wineries and Michelin-star restaurants
It’s hard to resist this beach lifestyle, but many don’t realize how much more Rosarito offers. Due to foreign exchange rates, retirees live comfortably in Rosarito for as little as $2,500 per month. Food and other essential needs are drastically less expensive than in the U.S. This has allowed many Americans to enjoy the Mexican lifestyle.
The Process of Establishing Legal Residency in Mexico
The process to establish permanent residency in Mexico is relatively simple. Here’s the process:
First, visit a Mexican consulate near you to fill out a visa application form and pay a small fee. You must have a valid U.S. passport and a color photo of yourself.
Hopeful residents must show proof of economic solvency. Such documents include bank statements or investment accounts with a monthly balance of $181,968, at least for the past year. You can also provide proof of income, Social Security, or pension of at least $4,549 for six months.
Once you have established residency in Mexico, you can apply for Mexican public health insurance, managed through the national social security system, also known as the Instituto Mexicano del Seguro Social. You can also rely on private medical providers, including specialists, by paying out of pocket. The out-of-pocket cost of private medical consultations and minor procedures in Mexico is roughly the same as that of a co-pay in the U.S. Since you’ll keep your Medicare and it’s such an easy commute to the U.S.; you can still see your doctors in the U.S.
Retiring in Mexico can provide unexpected adventure in your life. Enjoy the sun, lifestyle, and food at a fraction of the cost. Rosarito is calling!
For more information on obtaining a Mexican Permanent Resident Visa visit the Mexican Consulate Website.