At current exchange rates, $100 USD is around $1,900 MXN.
That is about a weeks worth of wages for a lot of manual labor jobs outside of the major cities.
For some people in Mexico, $1,900 pesos is quite a bit, but for others, not much at all.
Mexico is not really a poor country.
What is considered a lot of money in Mexico?
Understanding the Currency
For instance, 30 to 80 pesos equals approximately $3 to $5 USD, about the price of a decent meal at an average restaurant. No matter the daily exchange rate, most people can get by in many places in Mexico for about $30 a day, and in some areas, that’s quite a lot.
Is $100 a lot of money?
$100 is not a lot of money for two days’ wages, but some have to live on that. $100 is not a lot of money for a house, unless you live in a few areas where houses are abandoned. In many places outside the U.S., due to conversion rates, US$100 is really a lot of money.
How much cash can you take to Mexico?
If you are carrying more than US$10,000, or its equivalent in other currencies, in cash, checks, money orders or any other monetary instrument, or a combination of them, you must declare the amount exceeding US$10,000. You will not have to pay duties or taxes, but you must declare it on the Customs Declaration form.
How much is a meal in Mexico?
While meal prices in Mexico can vary, the average cost of food in Mexico is M$215 per day. Based on the spending habits of previous travelers, when dining out an average meal in Mexico should cost around M$86 per person. Breakfast prices are usually a little cheaper than lunch or dinner.
How many pesos is a beer?
Costs might be higher at tourist spots. A bottle of beer in a lower budget restaurant is about 15 to 20 pesos. You can buy it from a shop for about 8 to 10 pesos. A small soft drink or juice is about 6 pesos.
Should you exchange money before going to Mexico?
Exchange Money Before Your Trip
It’s a good idea to get some Mexican pesos before your arrival in Mexico, if possible (your bank, travel agency, or exchange bureau should be able to arrange this for you). Although you won’t receive the best rate of exchange, it may save you worries upon your arrival.
Would I be rich in Mexico?
By some standards, and in some places in Mexico, earning $700 or $800 USD a month would be considered, if not rich, at least quite comfortable. But in other places, and by other standards, $10,000 USD per month might not be considered “rich.” Mexico is a country with a very wide gap between the richest and poorest.
