The state of Oaxaca is located in southeastern Mexico and makes up 4.8% of Mexico’s land with a surface area of 95,364 square kilometers (36,320 square miles). It is bordered by the states of Puebla and Veracruz to the north, Chiapas to the east, Guerrero to the west, and the Pacific Ocean to the south.
Currently, Oaxaca is the second most expensive city in Mexico to buy a house, just behind Puerto Vallarta and preceding Acapulco. You may be wondering, why is Oaxaca so expensive? Oaxaca is a tourist destination with a rich history and vibrant culture. Furthermore, Oaxaca is in the perfect location for the best weather and gorgeous and diverse landscapes. Come and enjoy the clear water of the beaches and the peaceful, cool mountains. Last but not least, most of Oaxaca’s territory is “communal” or “ejidal” which lessens the amount of private property to be sold. The market prices offer an attractive return on investment if you choose the right property. In our portfolio, we have beautiful properties starting at just $100,000 USD.
The cost of living and medical expenses are the most important factors that retirees must consider when deciding where they would like to retire. These costs are much lower in Mexico, Florida, and Arizona, which are some of the most popular places for retirees to settle. In Oaxaca, there are many internationally recognized, high quality medical services and facilities.
If you would like to see the complete list of Mexican cities and prices, click here: Forbes most expensive cities in México
If you are interested to learn where Mexican cities are placed against other expensive cities, click here: Most expensive cities in the world