Cost of living in Peto
Peto, a charming town in Mexico, offers a unique lifestyle with its own set of living costs. Understanding these expenses is crucial for anyone considering moving to or visiting the area.
This guide provides a detailed breakdown of the cost of living in Peto, covering essential categories such as dining, groceries, transportation, housing, and utilities.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $9.76 on average, with a range between $5.86 and $20.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $48.8, with prices ranging from $24.4 to $100.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $9.27, with a range between $8.78 and $9.76.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.02 to $4.39, imported beer $2.93 to $6.34, cappuccino $1.22 to $5.56, and Coke/Pepsi $0.98 to $2.68.
Grocery Prices
- Milk - Milk is priced between $1.22 and $1.37 per liter, averaging $1.32.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.42 and $3.03, with an average price of $2.4.
- Eggs (Dozen) - A dozen eggs range from $1.61 to $2.5, averaging $1.98.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.95 to $3.42 per kg, while oranges range from $0.49 to $3.42 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.46 and $2.2 per kg, and lettuce costs $0.93 to $1.22 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.16 and $1.27 per liter.
- Taxi Fares - Taxi fares start at $2.44, with a cost of $1.52 to $2.93 per km and $7.32 to $19.52 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $21,958.73 and $26,838.45, while a Toyota Corolla ranges from $18,542.93 to $21,470.76.
Housing Costs
- Mortgage Interest Rate - The mortgage interest rate for a 20-year fixed-rate loan is between 10% and 11.5%, averaging 11.42%.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $74.66 and $156.15, averaging $104.22.
- Internet - Internet services range from $24.4 to $39.04, with an average cost of $30.54.
Cost of Living Rankings
The cost of living indices for Mexico are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Mexico, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Peto offers a relatively affordable cost of living compared to larger cities in Mexico. Dining out is reasonably priced, and grocery costs are manageable.
Transportation costs are moderate, with affordable fuel prices and taxi fares. Housing costs are influenced by competitive mortgage rates.
Utilities and internet services are reasonably priced, making Peto an attractive option for those seeking a balanced lifestyle.
Conclusion
In conclusion, Peto provides a cost-effective living environment with its affordable dining, grocery, and transportation options.
The town's competitive mortgage rates and reasonable utility costs further enhance its appeal, making it a viable choice for both residents and newcomers.