The #1 Hurdle to Your Mexico Move
The “Moving Target” of Economic Solvency
So you’ve decided to get legal residency in Mexico. You’ve picked your path—Temporary or Permanent. Now you face what is, for most applicants, the single biggest challenge: Economic Solvency.
As our recent reel highlighted, this is the #1 barrier for Americans and Canadians who don’t have family ties in Mexico. Here’s what it means and why it creates a massive sense of urgency.
What is Economic Solvency?
In short, the Mexican government wants you to prove you can support yourself financially without taking a job from a local citizen.
To pass this hurdle, you must show official bank statements (for the last 6 or 12 months, depending on the consulate) that prove one of two things:
- A Stable Monthly Income: This can be from a pension, social security, or a remote job.
- A Substantial Savings Balance: A lump sum in savings or investments.
How much? The numbers are significant. For Temporary Residency, recent figures have hovered around $4,000 USD per month in income or a savings balance of around $80,000 USD. Permanent is even higher.
The Problem: It’s a “Moving Target”
Here is the critical point from the reel: These numbers are not static.
The financial requirements are tied to multiples of Mexico’s daily minimum wage (salario mínimo). Because the minimum wage is adjusted annually, these solvency requirements go up almost every single January.
What you qualify for in December, you may not qualify for in January. Waiting a few months to “get your affairs in order” could literally price you out of your move.
The Solution: APPLY NOW
This is what we mean by a “moving target.” It creates a simple, urgent solution:
If you meet the financial requirements right now, DO NOT WAIT.
Contact your nearest Mexican consulate, get the exact figures they require, and schedule your appointment. Waiting is a financial gamble you might lose.
The Main Exception: This financial hurdle is also why the “Family Unity” visa is so powerful. If you are married to a Mexican citizen or a permanent resident, you can typically bypass this economic solvency requirement completely. But for everyone else, the clock is ticking.
