What jobs in Mexico pay the most?

The highest paying jobs in Mexico are typically found in the fields of finance, IT, engineering, and management. To become one of the highest earners in these fields, you generally need to have a strong educational background, relevant work experience, and specialized skills.

What are the highest paying jobs in Mexico?

Industries With the Highest Average Salary in Mexico

For example, the finance industry is known to offer some of the highest salaries in the country, particularly in roles such as investment banking, financial analysis, and accounting.

What's a good salary in Mexico?

According to Salary Explorer, a Mexican worker usually earns an average annual salary of 399,000 MXN (Mexican Peso). According to the exchange rate in 2023, this amounts to USD 23,154 annually. Generally, the average salary ranges from 8,410 MXN (lowest salary) to 148,000 MXN (highest national average) per month.

What is Mexico's most popular job?

The workforce reached 58.5M people (40.7% women and 59.3% men) with an average monthly salary of $5.61k MX. The occupations that concentrate the largest number of workers were Sales Employees, Dispatchers and Dependent on Trade (3.57M), Traders in Stores (2.95M), and Support Workers in Agriculture (2.1M).

What is the highest paying state in Mexico?

As of 2022, in Mexico, the two states of Baja California reported the highest average monthly salary, reaching approximately 18,000 Mexican pesos each. Additionally, Mexico City ranked fourth in terms of highest incomes, with an average monthly salary of nearly 17,199 Mexican pesos.

How much money is a good salary in Mexico?

Who gets paid the most in Mexico?

During the current pandemic, few would argue that there are careers more important than medical professions. Figures from 2019 provided by the Mexican Competitivity Institute (IMCO) show that medicine is the best paying career in Mexico with an average monthly salary of MX$17,449 (US$720).

What jobs are in demand in Mexico?

What is a good job to have in Mexico?

How much does Mexico pay an hour?

The average pay in Mexico was MXN 16,449.22 per month in 2021, which is about similar to USD 820 per month, according to data from the Mexican Social Security Institute (IMSS). In terms of an hourly wage, the average income of a Mexican worker in the manufacturing industry is around USD $3.50/hour.

How much is rent in Mexico?

The median rent in Mexico is ~$2,000MXN, or roughly $100USD monthly. The average rent in Mexico is ~$3,000MXN a month, or $150USD. Mexico has a home ownership rate of 80%, the highest in Latin America and one of the highest in the world.

How much do I need to live comfortably in Mexico?

How much is the cost of living in Mexico? For $600 to $2,000, you can comfortably settle in the country. Prices are overall 45.7% cheaper than in the United States, so you don't have to sacrifice the quality of life you're currently enjoying. In fact, it may even be better.

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

“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.”

What is the lowest pay in Mexico?

It brings Mexico's daily and monthly minimum wages to 249 pesos ($14.41) and 7,508 pesos ($434.64) respectively, following a consensus between the government, labor and business sectors.

How much is the average house cost in Mexico?

Share article: Data provided by the Federal Mortgage Society, shows that the average house price in Mexico has increased to $90,850 in the first quarter of 2023, up 11.7% against the same period last year.

Can a US citizen get a job in Mexico?

According to Mexican Immigration law, a foreign national must have a valid Mexico work visa to work legally in the country in exchange for remuneration. The visa is issued after a process of verification and inspection by the Immigration agents.

Can I work in Mexico with a US degree?

Yes, it is possible to attend a university in the U.S. and then work in Mexico with your degree. However, it's important to research the specific visa and work permit requirements for working in Mexico with a U.S. degree.

Is it a good idea to work in Mexico?

Working in Mexico may mean receiving a lower salary than in your home country, but the cost of living is also a lot cheaper. Even though your pay packet may be smaller, your purchasing power is a lot higher than the one you have in your current country.

Why is it hard to find a job in Mexico?

“It's difficult to get a formal job in Mexico,” said Torres. “And it's going to be more difficult for young people right now because of the huge cost [of formal hiring] for firms. They will favour other populations, who have more experience or credentials.”

Can I move to Mexico and get a job?

You can move to Mexico for work if you have been offered a job by an employer in Mexico. However, your employer must apply for you since you cannot apply directly for a work visa yourself.

Can you be a millionaire in Mexico?

Among those who strive for a better life in Mexico are around 318,000 millionaires, which was shown in the Credit Suisse Global Wealth Report. It is estimated that by 2026 there will be more than 565,000 individuals with a net worth of more than 1 mil. US dollars.

What is Mexico's quality of life?

Notwithstanding, Mexico performs poorly in many dimensions of well-being relative to other countries in the Better Life Index. It underperforms average in income, jobs, education, health, environmental quality, social connections, safety and life satisfaction. These assessments are based on available selected data.

What is middle class salary in Mexico?

In Mexico, this means that households with incomes between US$6,000 and US$16,000 would be middle class — more or less 45% of Mexican households. Another frequently used measurement considers that the middle class are those households that have incomes higher than the poorest 50% and less than the richest 10%.

Is it cheaper to live in Mexico or the US?

United States is 84% more expensive than Mexico. Jan 2024 Cost of Living.