Skyrocketing property taxes in U.S. cities like New York, Philadelphia, and Chicago are forcing retirees to look for affordable options. According to John Burns Real Estate Consulting, property taxes over 2% of a home’s value are a significant financial burden for retirees.
Baja California Sur (BCS) is an excellent alternative, offering lower property taxes, a lower cost of living, and a high quality of life. Here’s why retiring in Mexico is a smart move.
1. Ultra-Low Property Taxes
Compared to high-tax states like Illinois and Texas, Mexico offers significantly lower property tax rates. In Baja California Sur, annual property taxes (predial) are typically 0.1% of the assessed property value, far lower than U.S. averages. This means retirees can own a beautiful beachfront home without facing high tax bills.
2. Lower Cost of Living
BCS provides a comfortable lifestyle at a fraction of U.S. costs. From groceries to dining out, expenses are significantly lower than in U.S. retirement hotspots like Florida or Arizona.
3. Year-Round Warm Climate
U.S. retirees are moving out of cold, high-tax states in search of warmer weather and outdoor living. Baja California Sur offers sunshine year-round, stunning beaches, and breathtaking scenery. Whether you love fishing, golfing, or relaxing by the ocean, BCS is perfect for an active retirement.
4. Affordable, High-Quality Healthcare
One of the biggest concerns for retirees is healthcare. Mexico provides world-class medical care at a fraction of U.S. costs. Cities like Cabo San Lucas and La Paz have excellent private hospitals, with many doctors trained in the U.S. Expats can also access Mexico’s public healthcare system or choose affordable private insurance.
5. Affordable Real Estate in a Growing Market
Baja California Sur offers everything from luxury oceanfront villas to modern condos in gated communities. Unlike inflated property prices in California and Texas, BCS real estate offers excellent value for money and is a strong investment opportunity.
6. Large and Welcoming Expat Community
Moving to a new country can feel overwhelming, but BCS has a thriving expat community. With English-speaking services, American-style grocery stores, and a mix of local and international cuisine, retirees find it easy to settle in and enjoy the best of both worlds.
7. No State Income Tax & Favorable Currency Exchange
Like Florida and Texas, Mexico does not tax foreign retirement income, allowing retirees to maximize their savings. Additionally, the favorable exchange rate makes U.S. dollars stretch further, giving expats more purchasing power.
Why Baja California Sur Beats U.S. Retirement Destinations
According to census data, U.S. retirees are moving to Florida, Arizona, and the Carolinas in search of affordability. However, these states are becoming more expensive, while Baja California Sur offers a better financial and lifestyle balance:
- Ultra-low property taxes (as low as 0.1%)
- Affordable beachfront real estate
- Lower cost of living
- Warm climate year-round
- World-class healthcare at lower prices
- A large and supportive expat community
Is Baja California Sur Right for Your Retirement?
As rising property taxes force retirees out of high-cost U.S. states, Baja California Sur offers an affordable, luxurious, and stress-free retirement option.
Contact Ronival Real Estate today to explore stunning properties and expert guidance on making the move!
Contact us
+1.619.831.2000 US
+52.624.227.5766 MX