Budget-Friendly Travel PlanningHow much money will you need for your trip to Mexico? You should plan to spend around M$2,180 ($130) per day on your vacation in Mexico, which is the average daily price based on the expenses of other visitors.
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You should plan to spend around M$2,180 ($120) per day on your vacation in Mexico, which is the average daily price based on the expenses of other visitors. Past travelers have spent, on average, M$504 ($28) on meals for one day and M$345 ($19) on local transportation.
“On average, you can live a very comfortable life in Mexico with a budget of $1,500 to $3,000 per month,” said Gene Caballero, co-founder of GreenPal. “This would cover your housing, meals, utilities, healthcare and even some entertainment and leisure activities.”
Is $500 dollars enough for Mexico? The good news is, in certain parts of Mexico it's still possible to live and travel on just $500 a month! It's even possible to live in Mexico comfortably on $500 per month, as long as you plan your trip correctly.
They are fantastic for tacos and other fast food. With 100 Pesos, tourists can also buy ice cream, fruits, or juice from the local food markets. If they do not want to spend their money on food, they can purchase a ticket to enter Tulum ruins, Chapultepec Castle, Museo Nacional de Antropologia, etc.
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.
Bringing a small amount of cash in the local currency with you is always a good idea. This could help in any unforeseen emergencies where you may not be able to use your credit or debit card. Oppositely, carrying around too much cash can be inconvenient and dangerous.
Preparing your travel money options beforehand is the key to a stress-free vacation. Credit cards, debit cards, prepaid travel cards and cash are all accepted in Mexico. Outside of a few purchases like transportation fare or local shops, a credit card will be your best bet for everyday purchases.
For non All-Inclusive vacations we budget about 1000-1200 pesos per day for the two of us- this amount is for drinks and food and cab fare and tips and other minor incidentals, not tours or fishing or diving. Maybe another 5000 pesos for that, or so, for a week trip, say.
A week is just enough time to fit some of the country's most unique and fascinating destinations into your Mexico vacation itinerary. Start your trip in Mexico City with two days to get your bearings and eat your heart out.
As $2,000 USD would become $35,000 MXN, you could afford a $9,000 MXN rent (a regular 60 sq meters apartment in a middle range area), a $800MXN a month gym (mid-top range) purchasing a $5,000 MXN a month low range new car like a Nissan Tsuru or a Hyundai H10 (36 months), plus $2,000 MXN a month of gas, insurance fees, ...
For traveling (even on a backpacker budget) it is perhaps better to consider what 500 pesos (or $25 will buy). That is enough to rent a car for a way (minus non-specified expenses). It is also enough for dormitory accommodation in some of the cheapest hostels in Mexico City for two nights (around $8 per night).
The best currency to take to Mexico is the local currency, the Mexican peso. US dollars are also highly exchangeable at local banks and currency exchange offices. However, instead of converting physical banknotes, the cheapest way to pay in Mexico is to use a multi-currency travel debit card like Revolut or Wise.
Can you use USD in Mexico? While some merchants in Mexico may accept US Dollars, it is not widely accepted and you may receive a poor exchange rate. It's recommended to use Mexican Pesos when in Mexico.