Thinking about moving to Mexico? The good news is big changes might be coming to residency rules in 2026. These could make it easier — and more affordable — to become a resident. Here’s a quick, easy-to-understand breakdown.
What’s Changing?
Right now, to get temporary or permanent residency in Mexico, you need to prove a certain income or savings amount. This amount is based on Mexico’s minimum wage. The problem? The minimum wage keeps rising fast, and so do the financial requirements. For example, in 2025, you typically need around $4,200 a month or $70,000 in savings for temporary residency, and even more for permanent residency.
But from 2026, Mexico might switch the financial yardstick from the minimum wage to something called UMA — the “Unidad de Medida y Actualización.” UMA is an index the government uses for things like taxes and fines. It grows much slower and steadier than the minimum wage. Over the past five years, UMA has gone up about 25%, while minimum wage shot up 110%.
Why UMA Matters
Switching to UMA could lower income and savings requirements a lot. Estimates for 2026 show that under UMA, you might only need $4,000 a month or $67,500 in savings for temporary residency. That’s actually less than current numbers! For permanent residency, the drop could be even bigger — from over $8,200 a month to about $6,750, and savings from $330,000 to near $270,000.
What’s great is this makes the process more predictable. Instead of worrying about big jumps every year, UMA could bring steady, manageable changes. This predictability helps people plan better and avoid surprises.
Watch Out: Each Consulate Is Different
However, there is a catch. Mexico’s consulates operate with some independence. That means not all consulates may adopt UMA right away. Some might still use the old minimum wage system for a while. So, your income or savings requirements might still vary depending on where you apply.
This inconsistency means you should contact your local consulate before applying. Ask whether they use UMA or minimum wage to set financial requirements. Being flexible and informed can help you find the best place to apply.
What This Means For You
If you’re planning to move to Mexico, this change could make residency more affordable and less stressful. Retirees or people with fixed incomes might find it easier to qualify. Plus, a more stable system means less guesswork.
Keep an eye on updates and talk to your consulate. Also, consider consulting with experts who can guide you through the process step-by-step.
