Special Report

Mexico Is the Country Americans Are Moving to the Most

Marcos Elihu Castillo Ramirez / iStock via Getty Images

Very few Americans move to countries outside the U.S. each year. The figure barely tops 100,000, according to recent research. Over half of those who do move migrate to Mexico, the U.K., Canada, or Australia – with Mexico being the top country to which people depart, representing about 15% of the total. (These are the cities Americans are abandoning.)

Among the reasons people move to Mexico is likely the cost of living. The figure for Mexico is about 50% lower than in the US. People who are not tied down by family or jobs can find a place to live on modest incomes just across America’s southern border. (It is probably not a coincidence that Canada ranks third among countries Americans are moving to.)

This is particularly true for retirees. Travel & Leisure recently put Mexico on its list of “8 of the Cheapest Countries to Retire Around the World.” (You might be surprised by the real cost of living in America’s most expensive cities.)

Mexico does have drawbacks as a place Americans might relocate. It has a higher crime rate than the U.S., and the great majority of Americans do not speak Spanish.

Proximity to the U.S. is not always a reason people move out of America to other nations, however. Mexico and Canada aside, European countries dominate the list of the top 15 destinations for Americans moving abroad, with Portugal seeing the largest increase (303%) from 2017 to 2021.

Other English-speaking countries including Australia and New Zealand also made the list, as did Costa Rica, Israel, Japan, and South Korea.

These are all top countries Americans are moving to. 

The Average American Has No Idea How Much Money You Can Make Today (Sponsor)

The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.

But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.

 

Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

1 https://www.fdic.gov/national-rates-and-rate-caps

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.