Mexico | Top 7 destinations for Baby Boomer retirement migration

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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