Mexico City has seen an influx of people migrating to the historic metropolis, especially during the pandemic when remote work made it possible to work from different places.
Currently, 1.6 million Americans live in Mexico, according to the State Department, and Mexico City is the fifth rated destination for digital nomads globally, according to nomadlist.com.
He emphasized Mexico City isn’t cheap, but in comparison to other countries digital nomads are migrating from, it’s considerably more affordable.
“If you’re making your salary in U.S. dollars, pounds, Canadian dollars, you’re better off living in Mexico City.” Romero said.
He believes those areas with higher numbers of digital nomads are already economically out of reach for most of the locals.