Is Puerto Vallarta the Affordable Dream? Cost Comparison to US and Canada

No video

Is Puerto Vallarta the Affordable Dream? Cost Comparison to US and Canada

Рет қаралды 16,842

Күн бұрын

Is Puerto Vallarta the affordable dream you've been searching for? In this video, we delve into a cost comparison between Puerto Vallarta and the US/Canada to uncover the true affordability of living in this vibrant Mexican city. We explore various aspects such as housing costs, healthcare costs, and Food costs to give you a comprehensive understanding of the financial advantages Puerto Vallarta has to offer. Join us as we analyze the numbers and discover whether Puerto Vallarta can make your dream of an affordable and fulfilling lifestyle a reality.
⚠️ Disclaimer: Prices for basic goods are subject to inflation and other economic factors, so it's a good idea to check for updated prices periodically. These are approximate prices for comparison as of May 2023, and are subject to change.
📊 Link for Cost of living comparison sheet: docs.google.co...
👍 If You Enjoy This Video, Consider Hitting The Like Button!
🔔 Subscribe To Stay Notified For New Videos: @GaryShirkPV
NOTE:
The content provided in this video is for informational purposes only and should not be taken as investment advice. Investing involves risks, and it is important to conduct thorough research and seek professional guidance before making any investment decisions. The content presented here is based on the available information at the time of the video, and market conditions may have changed since then. The views and opinions expressed in this video are those of the speaker and do not necessarily reflect the official policies or positions of any organization. Always exercise caution and consider your individual financial goals and risk tolerance before making any investment choices.
___________________
NOTE: INFORMATION IS RELIABLE BUT NOT GUARANTEED. ALL PRICING IS SUBJECT TO CHANGE
The creator of this content is not a CPA, attorney, insurance agent, or financial advisor and the information in these videos shall not be construed as tax, legal, insurance, construction or financial advice. DO NOT make buying or selling decisions based on this content. Tax laws and immigration/residency policies in Mexico are subject to change and should be discussed with a qualified Mexican accountant. Always work with local experts when considering a foreign property investment. Any use of other media is by fair-use only.
#PuertoVallarta #AffordableDream #CostComparison #LivingAbroad #RetirementPlanning #ExpatLife #FinancialAdvantages #MexicoLiving #BudgetingTips #RetireInMexico #TravelVlog #ExpatriateLife #AffordableLiving #ExpensesComparison

Пікірлер: 62

@GaryShirkPV Жыл бұрын

Medical Expenses Clarification: In the Medical Costs portion of the video, there may be an implication that Canadian and US citizens are subject to all the expenses I presented. However, this isn’t quite correct. Thank you to a Canadian viewer who pointed out that Canadians have access to national health insurance, and therefore make no out of pocket payments to see a doctor nor for most non-elective medical procedures (with exceptions for services like eyeglasses, hearing aids, dental, etc) Similarly, a segment of the US population has their medical expenses offset by company subsidized insurance, or via insurance from the affordable care act.

@gsimd Жыл бұрын

Your medical costs for the US are conservative. I needed a CT Scan that was $2,692 in the US. I flew down to PV and got it done for $234. This all happened this week so my numbers are current. Thanks for the great videos.

@michaelmoore7550 Жыл бұрын

That's crazy the difference. Awesome for you❤

@brendansmith7842 Жыл бұрын

I can concur on that I have health insurance in the US but hurt my shoulder in the gym and I was astounded an mri was only 5000 pesos. In the US with insurance it would've been $600 lol

@russellbarnes7728 11 ай бұрын

We relocated to Morelia, Michoacan almost three years ago. My wife is a Mexican citizen and I'm from Reno, Nevada. Being away from the beach is even more advantageous. Food prices, Medical care, and housing are VERY affordable. We rent a beautiful 3brm/3ba, nearly 4000 sq ft house, in a very nice neighborhood, not a gated community, for 8000 pesos ($400 USD) per month. There's a lot more to living in Mexico than laying on the beach. Thanks for the video, it's nice to keep up to date. VIVA MEXICO 🇲🇽

@rodolfogomez2322 Жыл бұрын

For a 3 hour road trip or 40 min flight to the nearest large city which is Guadalajara, you get medical services at even lower costs. An extra 30% to 50% savings at least I would say.

@SirCarlosMusicBMI Жыл бұрын

Great informative video today. Thank you for sharing. I bought a Condo in Huatulco and looking forward to having it finished this summer. Blessings, Carlos ✝️🙏❤️😊❗️

@yvonnek3968 Жыл бұрын

That was a great video and please make many more like this one! And of course I really enjoy all of your real estate videos as well. Thanks for sharing and hoping to move there asap...

@nimacastro7664 6 ай бұрын

Another very professional and realistic video. Thank you 👍

@andrewthacker114 Жыл бұрын

Interesting clarification on costs, thanks.

@surf01er66 Жыл бұрын

Great information. I live in Hawaii, just quadtriple those prices, more for real estate . Dreaming my return to Sayulita.......Aloha

@jackbaldwin3649 Жыл бұрын

Great info Gary!! As a retiree one of my many concerns is the quality of health care. What is the best way for gathering information on which private plan and hospital would be best for me? Gracias!

@eyesea123 Жыл бұрын

El Comer is a beautiful store, better than in California. Beach clothing is kinda chinky but food is excellent quality. I love shopping there. Love my PV, it has my heart!

@bohemianecoliving.realty Жыл бұрын

This a great starting point video! Good job Gary ❤

@jonathankinnear8431 Жыл бұрын

It's sad to feel the need to compare costs in a Mexican Resort city to those in G20 countries. Goes to show you a couple of things. 1st how PV is saturated with tourists and expats considering the area and that it is quickly becoming the next Cancun or Playa. 2nd, the reason this video is not comparing Vallarta to other places in Mexico is precisely because it is well over priced by Mexican standards. Is the weather in PV nice throughout the winter. I would say it is fantastic compared to Canada and the northern US no doubt. So that is actually a plus but there are quite a few places though that are considerably less touristy and less costly also in between Bucerias all the way to Guayabitos with similar weather. Also the Yucatan Peninsula is another fantastic option. I just bought a place in Merida for a fraction of what real estate would have cost for a similar dwelling back in PV and at a considerably lower interest rate. Merida for those who don't know has been designated the safest city in Mexico for a number of years now. It has all of the services you find in Vallarta and much more. The one disadvantage to Merida is that it is not on a beach. However, it is close enough to easily drive to one within 45 minutes. So if the ocean is not the most important aspect to you i would make sure you compare a few places in Mexico before even considering buying something there. Have a good day everyone.

@maureenmannion6748 4 ай бұрын

Thanks for your info. Will check out Merida.

@wernerdanler2742 Жыл бұрын

All Americans should have access to health care on the same level as I have with the VA as a Vietnam veteran. I have no expenses out of pocket. The VA is the only medical institution that is able to negotiate drug prices and prices of services with outside providers when they cannot provide that service in house within a reasonable time limit. They should limit the ability to sue doctores thus lowering their liability insurance costs. I think people take advantage of this unnecessarily which is one of the contributing factors to the high cost of medicall care here. Doctores also contribute to this cost just because they are able to bill insurance companies for overblown charges.

@Deltron6060 Жыл бұрын

You earned that by serving our country, THANK YOU!

@jackbaldwin3649 Жыл бұрын

@@Deltron6060 Agreed!

@macscotty9997 9 ай бұрын

There are two sides to every coin! I have lived in PV for 2 years now and I will share some exact info if you respond to my comment.

@reginaldhester4022 Жыл бұрын

Gary thanks for the very informative info I'm in the planning stages to retire in 2yrs or less and make Puerto Vallarta a full time living place I'll set up for the free consultation Have a great day

@jenniferressmannwriter Жыл бұрын

Ha! I have to pay 5 -7$ for a loaf of bread in the US. I have to eat gluten free in the US. The last quote we got for an MRI was 3k. Love the whale painting!

@steveg8627 Жыл бұрын

Gary Don't forget about the low property tax & HOA.too! We bought in Versalles last year & can't wait to relocate.

@dovygoodguy1296 Жыл бұрын

Is there any concern about whether these locations in Mexico are turning into concrete jungles? How would you compare PV with Manta Ecuador or Punta Cana, Dominican Republic? And how do comparable Mexican cities compare with one another?

@pitohead77 10 ай бұрын

easy listen 👍

@graziflorida4377 Жыл бұрын

great video, ty, planning on moving soon

@andrewf2741 Жыл бұрын

Where do you get the cost estimates for Canadian medical care from? I am Canadian and we have Medicare for all here. Seeing a doctor and most non elective medical procedures come at zero out of pocket expense even without insurance coverage. You will pay for prescriptions and eyeglasses + hearing aids, dental, etc.

@GaryShirkPV Жыл бұрын

Thank you, I appreciate you pointing that out. I clarified/corrected that in a comment and pinned it to the top of the Comments section.

@maureenmannion6748 4 ай бұрын

Also, senior citizens in the US have Medicare which covers majority of medical costs. However prescription drugs are very expensive depending on the type of prescription.

@adriankung1625 Жыл бұрын

Nice and useful! Although, your Canadian housing $$ amounts seem quite low to me. I'm in North Vancouver ( I think Vancouver is now a bit more expensive than Toronto) but rents in the GVRD have pretty much doubled in 8 years' time. A studio or small 1 BR is between $2000 - 2400 right now and still on the rise. Going away from the more densely populated areas doesn't offer much relief. The high cost of gas (currently $1.85/litre = $6.40/gal) keeps people from moving too far from the larger urban centres. Carbon taxes (x2 next?), and new taxes ad infinitum only add to the trouble for employers and wage earners alike. This all has me seeking a retirement elsewhere, and smaller Mexican cities appeal to me, although I do fear that I'll end up seeing many of the same issues arise from the population growth (demand) vs. scarcity. At least in a country or region where goverment spending isn't out of control I suspect I'll be better off. Cheers!...from North Vancouver

@bigmacjc Жыл бұрын

I’m in Toronto and yes rents for a 1 bedroom condo would be $2400-2500 per month CAD. I think he converted it to US Dollars for comparison

@adriankung1625 Жыл бұрын

@@bigmacjc Thanks for that -- I'm sure that explains the discrepancy.

@npolfus1 Жыл бұрын

Thank u Gary great info! Although I think the US is even more pricey than u quoted. Nevertheless, it’s very helpful!

@peterbruce8039 Жыл бұрын

Great video! Gary, do you or anyone you know work with people looking for long term rentals? Thanks!

@harleymantwo Жыл бұрын

thank you you were very informative. Need to know about wheel chair accessibility asap. Can you help?

@GaryShirkPV Жыл бұрын

Although the building has an elevator, I'm sorry to say that there are steps in some parts of the common area and in the rooms themselves

@forcedair92gt94 Жыл бұрын

Good info. Mexico will be my jumping off point for retirement.

@andrewsnow1933 5 ай бұрын

Bread is $5 per loaf in the USA

@DonaldMains Жыл бұрын

The US numbers in your spreadsheet are way too high. Eggs don't cost $6/dozen, nor is gas $7.60/gallon in the US. When it comes down to it the only expense that really matters is housing and, in the US, medicare care. Sure maybe foods at your local market in Mexico are a bit cheaper, produce and some meats, but not a lot and they are they only a small fraction of a person's budget. All manufactured goods will be cheaper in the US than Canada or Mexico. Plus, so much of housing is dependent on where you live. For Vancouver and Toronto your housing costs are too low.

@graziflorida4377 Жыл бұрын

I am in Fort Myers, Florida

@billbright100 7 ай бұрын

Dang my 2 bedroom apartment is cheaper than that here in the US. That's a lot higher than I imagined.

@spencer_stephenson 6 ай бұрын

Pls buy a teleprompter my friend. But good video.

@RexPonder-y6b 3 күн бұрын

I have a in Mexico now for 10 years. Everything now is about the same after COVID. Check IT out.

@marydfm664 Жыл бұрын

Housing in Puerto Vallarta is actually really expensive.

@N17sd Жыл бұрын

Do they use insecticides, like glyphosate ( round up) ?or it’s cleaner ❤

@tidy Жыл бұрын

With homes selling in US dollars in Mexico it makes it costly for Canadians to purchase. $1 US dollar costs $1.40 Canadian.

@DonaldMains Жыл бұрын

That's a little high. It's now (6/7/2023) $1.35 CAD/ USD. But yes, it does depend on the date you make the conversion and $1.40 is only a little off.

@kikim2592 Ай бұрын

Try $ 8.99 for a small bag of organic granny smith’s apples in Hawaii 😢

@venuswarrior8456 11 ай бұрын

I want to sell my property and move to Mexico but have no clue where it would be cheaper to live, Puerto Vallarta or Cancun downtown area? So confused

@GaryShirkPV 11 ай бұрын

Hi, thanks for the comment. My colleagues and I can help you with your initial research in Puerto Vallarta. Please send me an email and we will follow up. My email is in the description of the video

@venuswarrior8456 11 ай бұрын

Ok will do. Thanks @@GaryShirkPV

@venuswarrior8456 11 ай бұрын

I am not interested "FRACTIONAL OWNERSHIP" if thats what you do. I want to own my own property, not give another man my money monthly and yearly. @@GaryShirkPV

@maureenmannion6748 4 ай бұрын

Take a trip there to see for yourself. It would be worth it.

@venuswarrior8456 4 ай бұрын

@@maureenmannion6748 I did. I went to Puerto Vallarta for 2mts, hated it. Too many people and traffic. Plus the city near zona romantica is full of cars and carbon monoxide. Got sick on the 1st night. Had to relocate. Maybe I have to search for a place where the people don't appear like zombies crowded up in a bus and streets and where the air is open and clean. Will try maybe Cancun, Tulum and Playa del Carmen. I visited Baja California but it's too close to America

@shanesmith5917 Жыл бұрын

Your cost for thing in Canada are off. At least here is BC. The cost are horrible. For example 1 gal of milk it’s about $4 USD. Average housing in Canada is now $1,700 USD. Looks like your prices between Canada and the US are backwards 😊. Canada is stupid expensive. My wife and I are currently getting our Temporary Residency for Mexico 🇲🇽

@vivaanprem Жыл бұрын

Yeah cheaper for you guys and for us mexicans too expensive, you should ask vallartenses workers if is it cheap for us. Good for you but not for us the more you come the more expensive gets for us. In rents, foods, healthcare etc. So look for another mexican City thas is just growing like Huatulco or many other beaches in our beautiful pacific coast VALLARTA IS GETTING OVERPOPULATED! Thank you

@jorgeibarra5572 Жыл бұрын

You have turned our lives into a nightmare way of living with expensive rents for most people in Mexico. All the best places and even zones with low equipment suddenly are nigh-nice zones that create a disparity among us and also displace native people from the downtowns. It is what it is, but you should talk about that too. Our government is guilty though, you can come very easy don't need to double-check or get a visa. Yeah, there are a lot of immigrants causing problems in your countries as well BUT without them, your economy would fall.