wtf that's barely less than Canada? and significantly more on a purchasing power basis.
How do I move to Mexico?
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This is the absolute top of the top, domestic tech in Mexico pays pretty poorly. Google (as of last year) also let people transfer from high COL to lower COL, reduce their base, but keep the original RSU contract, which will probably skew reported compensation.
Domestic tech in Canada also pays significantly less. Entry-level for some banks is like US$50-60k
Same here in Spain. You need to be with a multinational. Local companies pay shit.
It's the same in all of Europe. You need to work for international big-tech to make decent money, which is also very competitive in terms of job applications. Domestic SW shops pay shit.
That salary is actually below the minimum income for permanent residency (but above the 4 yr temporary residency threshold). If you want to stay beyond 4 years, you'll need to either pony up for a sufficiently expensive house or show $300k usd in a bank account over the past year.
Can you give an idea of how much I'd have to spend on a house? And also what I'd get for that money?
Twice the amount of the bank account, ~$600k USD. Here's a reasonable selection of houses for that price marketed to foreigners: https://www.sothebysrealty.com/eng/sales/mex/price-low-sort/...
Mexico's immigration policies are deliberately designed to exclude most people who aren't wealthy retirees and don't have familial ties.
Those properties are beautiful! I can get a beachfront villa for practically nothing. In Canada something that close to the water would be several million dollars despite not even having a tropical climate.
What is Mexico's visa policy w.r.t. NAFTA/CUSMA professionals? Can I just get in temporarily as a software engineer akin to TN-1 in the USA?
Mexico City is more expensive than you think. Doubly so if you want to maintain the standard of living that you are used to in USA/Canada.
Polanco, a neighborhood in Mexico City, has homes that sell for prices that you'd expect from Malibu, CA or Atherton.
That’s really interesting to think about. I had seen a list of the most expensive streets and Polanco is home to one of those (the commercial Avenida Presidente Masaryk) and Atherton is on the list too (the residential Walsh Road).
It’s also the biggest city on the continent so it stands to region the range in CoL might be huge.
But that's also because the richest people aren't so affected by low cost of living. Prices temd to be based on what people can afford. And those neighbourhoods tend to be for the top 0.1%
Though that's not a good example since you're just pointing out where the richest people live in Mexico City.
It reveals nothing about the CoL of the city.