Mexico | Top 7 destinations for Baby Boomer retirement migration

Summary

In 2020, there were 35,046 Baby Boomer retirement migrants residing in Mexico. More than half are from the U.S., followed by Spain and Canada, 3 out of 5 are men, 4 out of 5 are between 60 and 79 years old, more than half have bachelor's, specialty, master’s, or doctoral studies.

Key points

• Key points:
• Retirement migration refers to the international migration carried out by pensioners or retirees, and which is generally associated with a flow from developed countries (United States, Canada or Europe) to developing countries in areas with warmer climates.
• In 2020, 35,046 Baby Boomer retirement migrants resided in Mexico, of which more than half were from the United States (18,471), followed by Spain (2,445), and Canada (1,859).
• Of the retired migrants residing in Mexico: 3 out of 5 are men, 4 out of 5 are between 60 and 79 years old, more than half have bachelor's, specialty, master's, or doctoral studies, and two thirds are married or cohabiting.
• The top 7 preferred destinations for Baby Boomer migrants in Mexico are, in order of importance: 1) Tijuana–Rosarito–Ensenada, 2) Chapala–Jocotepec, 3) Cancún–Riviera Maya, 4) Mérida–Progreso, 5) San Miguel de Allende, 6) Puerto Vallarta–Bahía de Banderas, and 7) La Paz–Los Cabos.
• The appreciation for Mexican culture, the greater purchasing power, the search for a peaceful and natural way of life, living near a lake or on the coast, and/or having a warm climate are some of the reasons for Baby Boomer retirement migrants to choose Mexico as a destination.

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