5 Best Places to Retire in Mexico on a Budget of $2000 a Month

2. Ajijic

Insider Monkey Score: 17

Average Monthly Rent: $700

Average Monthly Cost of Living: $2,000

Home to more than 20,000 expats, Ajijic is an idyllic town in Mexico. It is nestled along the shores of Lake Chapala, boasting a temperate climate, and providing a comfortable and pleasant environment year-round. The cost of living here is affordable for US expats, who can stretch their income by retiring here. The town offers a vibrant expatriate community, fostering a sense of homeliness and support. Ajijic’s rich cultural scene, with art galleries, local markets, and traditional festivities, add to the appeal of retiring here.