States › Missouri › Mexico

Is Mexico, MO expensive to live in?

CheapRent takes 17 cents of every $1 people earn here.
🏠 Rent per month (2026)$75957% lower than U.S. average
💵 Families earn per year (2026)$54,867about $4,572/month · 37% lower than U.S. average
🔑 House price$139,80058% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 18.8 minutes.

How much money do I need?

To rent here comfortably, you should earn about $30,360 a year. That is $15 an hour at a full-time job.

Is rent cheaper than other Missouri cities?

Yes. Rent here is cheaper than in most of Missouri. It is number 6 of 142 cities from cheapest to most expensive.

Mexico
$759
$1,512
$1,768
$2,195

How much do households earn in Mexico?

Under $25k
21.3%
$25k–50k
28.3%
$50k–100k
30.0%
$100k–150k
7.8%
$150k+
4.2%

Share of households by yearly income. 12.0% of households earn $100,000 or more.

Rent by apartment size in Mexico

SizeMexicoU.S. average
1 bedroom$646$1,324
2 bedrooms$755$1,509
3 bedrooms$969$1,698
4 bedrooms$1,729$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Mexico overall?

Everyday prices in Missouri overall are 9% below the U.S. average (index 90.8, U.S. = 100).

Housing
70
Goods (food, clothes…)
96
Utilities
79
Other services
95
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Mexico, so the Missouri figure is shown.

Taxes and bills in Mexico

🏛️ Property tax$1,082a year · 0.77% of home value · U.S. $3,119
⚡ Electric bill$170a month (typical) · U.S. $156

Life in Mexico

Commute to work18.8 minU.S.: 26.4 min
College degree17.2%U.S.: 35.7%
Own their home62.5%U.S.: 65.2%
Below poverty line17.8%U.S.: 12.5%
Unemployment7.3%U.S.: 5.2%

Is it cheaper to rent or buy in Mexico?

Renting is cheaper right now: about $211 a month less.

Renting
$759
Owning
$970

Owning assumes a typical $139,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $13,980 for the down payment.

Frequently asked questions

What is the average rent in Mexico, MO?

Renting in Mexico costs a median of about $759 a month in 2026, including utilities. The Missouri median is $1,285.

How much do I need to make to live in Mexico?

To keep rent under 30% of income, you need about $30,360 a year, or $15 an hour at a full-time job.

Is Mexico cheap or expensive?

Mexico is rated Cheap: rent takes 16.6% of the typical household income of $54,867. It ranks 6th cheapest of 142 Missouri cities we track.

How much are property taxes in Mexico?

The median homeowner in Mexico pays $1,082 a year in property taxes, about 0.77% of the median home value.

Is Mexico more expensive than the national average?

Overall prices in Missouri are 9% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Mexico?

The median home value in Mexico is $139,800, about 2.5 times the typical yearly household income.

11,477 people live in Mexico. Numbers are typical (middle) values.