In 2022 Mexico will raise its minimum wage to $172.87MXN in Mexico City and the rest of the country (excluding the border zone). This will be the number needed to calculate how much you will need to qualify for temporary or permanent residency using your financial solvency. (I used 173mxn as a round number and will fix the exchange rate at $1usd=21 pesos for these conversions below.)

*Be sure to check the exchange rate and talk to the consulate you will apply to before making your application.*

Temporary Residency
Investments/Savings- 5000 x 173=$865,000MXN/$41,190USD approx
Monthly Income- 300 x 173= $51,900MXN/$2,471USD approx

Permanent Residency
Investments/Savings- $3,460,000MXN/$164,762USD approx
Monthly Income- $86,500MXN/$4,119USD approx

Keep in mind, Mexico is unique in that you don’t actually have to invest ANY amount into the country to qualify, just merely show that you have the income or amount of investments/savings. Most all other countries you would need to make an investment in the country with the exception of retirement visas.

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