What is the minimum wage in Mexico?

On December 1, 2021, the National Minimum Wage Commission (“CONASAMI” for its acronym in Spanish) agreed to increase Mexico's general minimum wage to $172.87 Mexican pesos per day, and $260.34 Mexican pesos per day in the Free Economic Zone of the Northern Border, effective January 1, 2022.

What is Mexico's minimum wage per hour?

Mexico's general minimum wage (Salario Minimo) was raised on January 1, 2022 to $172.87 pesos per work day, a 23% rise on the 2021 level of $141.70. The rate for 2022 along the 'Northern Border Zone' was raised to $260.34 pesos per work day, a rise of 23% on the 2021 rate of $213.39.

What is Mexico's minimum wage 2020?

The latest increase in the yardstick will move Mexico's minimum wage to 260.34 pesos ($12.15) a day in the northern border zone, home to scores of foreign-owned factories, and 172.87 pesos ($8.07) a day in the rest of country.

What is the average wage for a Mexican?

In 2019, the average wage in Mexico achieved its highest level since 2009, amounting to 16,771 U.S. dollars per year.

How much does the average Mexican earn a day?

Wages in Mexico averaged 265.68 MXN/Day from 2000 until 2022, reaching an all time high of 473.94 MXN/Day in April of 2022 and a record low of 129.28 MXN/Day in February of 2000. This page provides - Mexico Average Daily Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Life on 88 Pesos — Mexico's Minimum Wage Challenge ($4.70 USD / day)

What is good salary in Mexico?

A person working in Mexico typically earns around 33,200 MXN per month. Salaries range from 8,410 MXN (lowest average) to 148,000 MXN (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.

Why is Mexico so poor?

Causes of poverty. The reasons for poverty in Mexico are complex and widely extensive. There is an agreement that a combination of uneven distribution of wealth and resources sponsored by economic and political agendas to favor the rich and powerful is a major contributor to the millions left behind.

Why is Mexican labor cheap?

Labor Rates in Mexico Mean Lower Operating Expenses

Undeveloped sites are available throughout Mexico, but because manufacturing has been such a major part of the economy for so long, there's more than enough industrial facilities to go around.

How much is a Coke in Mexico?

Fast forward to 2020 and despite the fact that Coke is no longer just a nickel, it's still affordable and accessible for all. Especially here in Mexico. In Mexico City, the average price of a 2-liter of Coca-Cola is 28 pesos, or around $1.40 (based on an exchange of 1:20).

How much does the average Mexican worker make an hour?

As of June 2017, a manufacturing worker in Mexico earned approximately 2.3 U.S. dollars an hour, whereas the average salary in the U.S. stood at 20.8 U.S. dollars an hour.

How much do waiters make in Mexico?

A person working as a Waiter / Waitress in Mexico typically earns around 10,600 MXN per month. Salaries range from 5,530 MXN (lowest) to 16,300 MXN (highest). This is the average monthly salary including housing, transport, and other benefits.

What is the poverty line in Mexico?

In Mexico, poverty income is defined at about $111 per month for rural residents and $170 for those in urban areas, according to official figures. Extreme poverty covers those earning less than the amount needed to buy basic food requirements, or about $63 monthly in rural areas and $88 for urban residents.

How long is a work day in Mexico?

Mexico's workday is divided into three (3) shifts. Here's how they break down: The Day shift: The work day for the Mexican worker is eight hours and that eight-hour shift fits into a flexible 14-hour work day beginning at 6:00 am and ending at 8:00 pm.

How much does a Mexican resort worker make?

The majority of all-inclusive staff members — including those who work in the maintenance, food and beverage and laundry departments — make about the equivalent of around $300 USD a month — and these workers actually had families to support.

What is a good tip in Mexico?

It's up to you how much you tip, but the recommended amount in Mexico is between 10% – 20% (15% is a good standard in tourist areas) of the bill or ticket price.

Is Mexico a good place to live?

Mexico has a very laid-back culture, and Mexicans are genuinely friendly. Many people report making positive lifestyle changes like walking more, eating healthier, socializing more, and learning to slow down since moving to Mexico. If you're interested in living the expat life, settling in Mexico is a great way to go.

Who is richer Spain or Mexico?

Mexico has a GDP per capita of $19,900 as of 2017, while in Spain, the GDP per capita is $38,400 as of 2017.

How much is $1 worth in the local currency of Mexico?

Today Thursday, June 30, 2022 the average US Dollar exchange rate in Mexico is 1 Dollar = 20.1271 Pesos.

Can you live in Mexico on $1000 a month?

One can live in Mexico on $1,000 a month or even less quite easily. In fact, locals live on much tighter budgets. As a foreigner, you will see that pretty much everything costs less than in your home country. Rent, food, transportation and healthcare in Mexico are much cheaper than in the US, Canada or Western Europe.

How much does it cost to buy a house in Mexico?

The cost of a house in Mexico varies widely depending on which part of the country you're looking to buy in. The average price runs from $100,000 to $1,000,000.

How much is rent in Mexico in US dollars?

In an average area, the monthly rent for a furnished one-bedroom apartment will cost you about $451 USD. In a nicer area, expect to pay around $772 per month.

What is the poorest city in Mexico?

A view of San Simón Zahuatlán, Oaxaca, Mexico's poorest municipality in 2020.

What type of jobs are most common in Mexico?