Property Prices in Cancun, Mexico

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Index
Price to Income Ratio:	10.64
Mortgage as Percentage of Income:	135.48%
Loan Affordability Index:	0.74
Price to Rent Ratio - City Centre:	7.98
Price to Rent Ratio - Outside of Centre:	15.63
Gross Rental Yield (City Centre):	12.54%
Gross Rental Yield (Outside of Centre):	6.40%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	13,919.00 MXN	7,000.00-25,000.00
Apartment (1 bedroom) Outside of Centre	7,777.78 MXN	3,000.00-17,000.00
Apartment (3 bedrooms) in City Centre	22,238.14 MXN	15,000.00-32,000.00
Apartment (3 bedrooms) Outside of Centre	16,777.78 MXN	13,000.00-25,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	2,136.75 MXN	2,043.85-2,229.65
Price per Square Feet to Buy Apartment Outside of Centre	2,683.82 MXN	1,858.05-3,716.09
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	12,187.50 MXN
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	11.42	10.00-11.50

These data are based on 85 entries in the past 18 months from 16 different contributors.
Last update: July 2024

Sources and References

Nearby cities:

Property Prices in Chemuyil	3.37 miles
Property Prices in Playa del Carmen	43.39 miles
Property Prices in Akumal	66.37 miles
Property Prices in Tulum	82.58 miles
Property Prices in Valladolid	98.33 miles
Property Prices in Merida	189.86 miles

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	20,300.00
GDP Growth Rate:	3.90%
Population Growth Rate:	0.61%