The recently published ‘Costo de Vida Nacional 2014-2015’ report from Recursos Humanos Mercer (Mercer Human Resources) provides a comparison of the cost of living in 42 cities, based on the cost of 182 different products and services. The study is released annually to provide a basis for corporations to decide on employee remuneration to reflect the varied living costs in different parts of the country.
The products and services used for comparison are divided into 9 different groups:
- Public Transport
- Clothing and footwear
- Domestic appliances
- Personal care
The values for each city reflect differences from the cost of living in Mexico City, which is assigned an index value of 100. The cities with the highest cost of living in 2014-2015 were Los Cabos, Cancún, Monterrey, Mexico City and Cuernavaca (graph below). In the 2013-2014 version, the cities with the highest cost of living were Cancún, Los Cabos, Monterrey, Mexico City and Puebla.
The cities with the lowest cost of living in 2014-2015 were Tlaxcala, Zacatecas, Tepic, Guanajuato and Tuxtla Gutiérrez (graph below). In 2013-2014, the cities with the lowest cost of living were Zacatecas, Tuxtla Gutiérrez, Guanajuato, Tepic and Veracruz.
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