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The beach resort city of Los Cabos in Baja California Sur has edged out Monterrey as Mexico's most-expensive city. Another beach resort city, Cancún, was third, according to a Mercer survey. Querétaro was fourth, Mexico City fifth and Guadalajara sixth out of 42 cities surveyed.
The cheapest cities were Durango, Monclova (Coahuila), Tlaxcala, Zacatecas, and Chetumal (Quintanoo Roo). That meant that Quintano Roo state had the third-most-expensive city (Cancún) and the fifth-least-expensive (Chetumal).
Mexicali was the 14th-most expensive city, while Tijuana was 20th.
Los Cabos's edging out Monterrey as Mexico City's most-expensive city is interesting in that more and more, wealthy residents of Monterrey (and other Mexican cities) are buying property in Los Cabos, which has been largely dependent on U.S. investment.
|Rating *||Least expensive
*Mexico City formed the base for the rating and was given a value of 100. Housing costs formed a large factor in the rating.
**This information was not released and presumably could be had by subscribing to Mercer's services.