One thousand good Mexican pesos have the purchasing power of about $50 U.S.A. dollars. You might get a nice dinner for three, or a tankful of gasoline (gasoline is expensive there), or a bus ticket to a major city, or a night in a cheap hotel.
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In Mexico, you can live a comfortable life on $1,000 a month. The average cost of living for expats, digital nomads and retirees varies between $600 to $2,000 depending on one's lifestyle choices and their location. Baseline costs in Mexico are around $750 a month.
Usually 400 pesos is a good amount of money. It all depends on the city or state in Mexico if your near the Us border your money doesn't go as far as in say the interior of México $400 pesos will buy a weeks worth of groceries, 24 street tacos , 5 to 6 pizzas, 5 good sized breakfasts or 4 movies at your local theater.
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.
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.
Let's Talk About 500 Pesos In MexicoThat 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). What 500 Pesos Will Buy: 2x Nights Cheapest Hostel Accommodation.
Much like in the U.S., in Mexico, it is customary to tip service workers in restaurants, hotels, and Ubers. The standard tip is 10% of the bill, but you can give more or less depending on the quality of service. Tipping is not required, but it is appreciated.
All major credit and debit card brands are accepted at millions of retail establishments across Mexico. Visa, MasterCard, American Express, and Discover are the most commonly seen and used brands in Mexico. Visa & MasterCard are the most widely accepted networks. Some places also accept Diners Club.
TOUR AND ACTIVITY GUIDESIf you're on a tour with a lot of people (20-100 people), each person should leave a tip of at least $5 U.S. (90 pesos). If you're on a tour with very few people (e.g., four people in your family), the group should leave a tip that is equivalent to 15-20% of the cost of the tour.
In general, you'll want to plan on tipping restaurant staff, the concierge, bartenders, housekeepers, the bellman, pool staff, and shuttle drivers at all-inclusive resorts. Impeccable service can always be rewarded with higher tips, but there are some accepted standards for travelers to lean on.
Tipping in the local currency, pesos, is of course the most convenient option for the recipient, but you can also dole out U.S. dollars. If you do that, be sure to use bills, not coins, because the latter are difficult to exchange.