The Complete Guide to Being a Digital Nomad in Mexico City, Mexico (2024)
1. Why Mexico City?
Mexico City, or CDMX, is a vibrant metropolis that offers digital nomads an exciting blend of history, culture, and modern living. As one of the largest cities in the world, CDMX is packed with diverse neighborhoods, excellent food, and a thriving startup and tech scene. Despite its size, it remains one of the most affordable major cities in North America for remote workers.
Mexico City has a rapidly growing expat and nomad community, with a strong concentration of coworking spaces, cafes, and social events for professionals looking to network. English is widely spoken in certain areas, especially in trendy districts like Roma and Condesa, but learning some Spanish can go a long way. CDMX’s public transport system is efficient, and the city’s fast internet and rich cultural offerings make it a prime destination for digital nomads who want the best of both worlds—work and lifestyle.
2. Visa Options for Digital Nomads
Mexico has flexible visa options that make it easy for digital nomads to live and work in the country for extended periods:
- Tourist Visa (FMM): Mexico offers a 180-day tourist visa for most nationalities, making it an attractive option for digital nomads. The tourist visa is relatively easy to obtain on arrival and can be renewed by leaving and re-entering the country (a common practice known as a “visa run”). However, frequent renewals could raise concerns with immigration.
- Temporary Resident Visa: If you’re planning to stay in Mexico longer than six months, the Temporary Resident Visa is a great option. This visa allows you to stay for up to four years and is renewable in increments. You will need to show proof of financial stability, with a monthly income of at least $2,100 USD or savings of $35,000 USD.
- Digital Nomad Visa (Upcoming): Mexico is rumored to be considering a digital nomad visa to meet the growing demand for remote workers. Keep an eye on this development, as it could provide more tailored benefits for nomads in the future.
For visa details and to apply, visit the Mexican Immigration Portal.
3. Local Sentiment Towards Digital Nomads
While Mexico City has long been a popular destination for expats, the digital nomad influx has been more recent. In areas like Roma, Condesa, and Polanco, locals have noted rising rent prices and an increase in gentrification. While many locals appreciate the economic boost, there are concerns about the affordability of housing in these neighborhoods.
That said, the city remains welcoming to foreigners, and nomads who make an effort to integrate into local culture are generally well-received. Supporting local businesses, learning the language, and respecting Mexican customs go a long way in fostering positive relationships with the community.
4. Best Locations for Digital Nomads
Mexico City is vast, and each neighborhood offers a different lifestyle. Here are some of the best areas for digital nomads:
- Roma Norte and Condesa: These trendy, central neighborhoods are extremely popular with digital nomads and expats. They offer a great mix of cafes, coworking spaces, parks, and restaurants. However, the popularity of these areas has led to higher rent prices, which range from MXN 12,000 – MXN 25,000/month (€570-€1,150 or $620-$1,300 USD).
- Polanco: An upscale neighborhood with high-end shops, luxury apartments, and excellent dining, Polanco is home to many expats working in multinational companies. Rent in Polanco is higher, ranging from MXN 18,000 – MXN 35,000/month (€860-€1,700 or $930-$1,800 USD), making it more suitable for nomads with a larger budget.
- La Juárez: A more budget-friendly alternative to Roma and Condesa, La Juárez offers a similar bohemian vibe without the hefty price tag. Rent in this area ranges from MXN 10,000 – MXN 18,000/month (€475-€860 or $515-$930 USD).
5. Internet and Coworking Spaces
Mexico City boasts a solid internet infrastructure, especially in central areas like Roma, Condesa, and Polanco, with average speeds ranging from 50-150 Mbps. Most cafes offer reliable Wi-Fi, but coworking spaces are ideal for those who need consistent connectivity and professional environments.
Here are some top coworking spaces in CDMX:
- WeWork (Multiple Locations): WeWork offers various locations across the city, making it convenient for nomads no matter which neighborhood they choose. Memberships start at MXN 5,000/month (€240 or $260 USD).
- Impact Hub (Roma Norte): Impact Hub is known for its vibrant community of social entrepreneurs and freelancers. Membership prices start at MXN 4,500/month (€215 or $235 USD).
- Homework (Condesa): This chic coworking space in Condesa offers a relaxed vibe and excellent facilities. Memberships start at MXN 3,800/month (€180 or $197 USD).
6. Cost of Living
Mexico City is affordable compared to many major cities in North America and Europe, but the cost of living can vary significantly depending on your lifestyle and neighborhood choice. Here’s a typical breakdown of monthly expenses for digital nomads:
- Rent: MXN 10,000 – MXN 35,000/month, depending on the neighborhood (€475-€1,700 or $515-$1,800 USD).
- Groceries: Around MXN 4,000 – MXN 6,000/month (€190-€285 or $200-$310 USD).
- Eating out: Street food and casual meals cost as little as MXN 50 – MXN 150 (€2.50-€7 or $2.60-$7.50 USD), while a meal at a mid-range restaurant can cost around MXN 300 – MXN 600 (€14-€29 or $15-$30 USD).
- Coworking spaces: Monthly memberships range from MXN 3,500 – MXN 5,000 (€165-€240 or $180-$260 USD).
- Transportation: Public transportation in Mexico City is extremely affordable, with a metro ticket costing just MXN 5 (€0.25 or $0.26 USD). Uber rides within central areas are typically between MXN 50 – MXN 150 depending on the distance.
7. Healthcare and Safety
Mexico City offers both public and private healthcare, with private hospitals being preferred by most expats and nomads due to their higher quality of care. Private healthcare in Mexico is affordable, with insurance plans typically costing between MXN 1,000 – MXN 3,000/month (€48-€145 or $50-$155 USD).
While CDMX is generally safe for digital nomads, it’s important to stay vigilant, especially in crowded areas or when using public transport. Like any big city, petty crime such as pickpocketing can occur, so it’s best to stick to well-lit, busy areas, especially at night.
8. Currency and Exchange Rate
The local currency in Mexico is the Mexican Peso (MXN). As of October 2024, the exchange rates are approximately:
- €1 = MXN 21
- $1 = MXN 18.5
Here’s a comparison of local costs:
- Rent in Roma Norte: MXN 18,000/month = €860 or $970 USD
- Coworking space at WeWork: MXN 5,000/month = €240 or $260 USD
- Groceries: MXN 5,000/month = €240 or $260 USD
9. How Zazoo Helps Digital Nomads in Mexico City
Managing your finances as a digital nomad in Mexico City is seamless with Zazoo. With multi-currency accounts, you can easily exchange Mexican Pesos, Euros, US Dollars, and more without worrying about fluctuating exchange rates or costly transfer fees. Whether you’re paying rent, managing freelance income, or sending money back home, Zazoo ensures your transactions are fast, secure, and affordable, so you can focus on enjoying life in CDMX.
Want to be the first to know when we go live? Pre-register now to get early access to Zazoo’s digital banking solutions and stay updated on our official launch. Manage your finances effortlessly, wherever you are!
