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These days, finding an affordable place to live in the Mexico area can be challenging. Home prices in Mexico are now at a median cost of $209,540, lower than the Pennsylvania average of $288,156.
The average cost of rent is $849/mo in Mexico, primarily driven by the current value of real estate in the Mexico area. In Mexico, 20.20% of households rent, and 60.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mexico is $6,280 per month. Households that rent pay about 13.51% of their income on rent here. Mexico’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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