The cost of living in Playa del Carmen is comparable to other cities in Mexico and it offers excellent value for the money.
Housing on the beachfront is more expensive, and Playa del Carmen is no exception. Rent a home or apartment a few blocks away from the beach or even a few miles away for savings of 30 percent to 50 percent.
The most popular home types in Playa del Carmen are condos. For a 1,200-square-foot condo you should expect to pay $125,000 to $175,000.
You can get a one-bedroom apartment for less than $1,000 a month. Two-bedroom apartments can run from $1,500 up. Homes and condos near the beach could run from 30% to 50% more.
Where do expats live in Playa del Carmen?
The best area to live in Playa del Carmen is between Juarez Ave on the south, up to calle 46th (CTM) on the north, and from the beach back to the highway.
Can an foreigners buy a property in Playa del Carmen?
There are 2 ways for a foreigner to buy a property in Mexico. You can either have a Mexican financial institution holding title for you, which is called a trust; or you can open a Mexican corporation and buy the condo in its name.
Is Playa del Carmen a good investment?
If you’re looking for an area with steady growth, high capital gain and many possibilities to generate extra income with rental homes, investing in Playa del Carmen is an opportunity you should not miss.
How much is property tax in Playa del Carmen?
In essence, you will pay $100 for every $100,000 of the property’s value annually.
Property tax can range anywhere from $100 – $5,000 per year depending on the property value.
