How much does it cost to live in the most prosperous areas of Mexico?

STUDY EVALUATED VARIOUS FACTORS

According to the Index of Prosperous Cities in 2018 (CPI), the best-evaluated city was Cajeme, in Sonora; This study was carried out by UN-Habitat in 305 municipalities of Mexico.

Living in an area where productivity, quality of life and social inclusion prevail will always be a factor that attracts home buyers, therefore, if you are currently searching for a home, either permanently or as a home rest, it is important that you know which states of the country offer you prosperity guarantee.

According to the Index of Prosperous Cities in 2018 (CPI), the best-evaluated city was Cajeme, in Sonora; This study was carried out by UN-Habitat in 305 municipalities of Mexico.

This index reviews productivity, urban infrastructure development, quality of life, equity and social inclusion, environmental sustainability, and governance and legislation.

If you are interested in a house in that area, consider that buying a house has a price of 2.4 million pesos and renting it costs 14,750 pesos per month, based on data from the real estate website Propiedades.com.

Through a statement, the portal said that the cities included in the list show a residential real estate market in a phase of consolidated cycle, which offers high quality of life, as well as a dynamic flow of new projects.

In the second place was located Benito Juárez, Quintana Roo, which is where Cancun is located. The houses in that area have a cost of 3.99 million pesos for sale or 20,000 pesos for rent.

The third city was Acuña, Coahuila. The cheapest properties for sale are in this city. A house has an average cost of 620,000 pesos.

The objective of this measurement is to provide decision-makers in the municipalities with tools to identify opportunities and challenges that allow them to define a strategic vision for their city, develop evidence-based public policies and provide inputs to develop instruments of urban planning, informed UN-Habitat in these studies.

The list of the 10 cities with the best prosperity index also includes La Paz, Baja California Sur; Zapopan, Jalisco; Cuautitlán, State of Mexico; Tepic, Nayarit; Jesús María, AguascalientesSan Pedro Garza García, Nuevo León, and Coacalco, State of Mexico.

In these places, the prices of houses for sale range from 727,000 pesos in Cuautitlán, to 21.5 million pesos in San Pedro Garza García.

In the rental segment, the cheapest are again in Cuautitlán, with an average price of 5,150 pesos per month and the most expensive in San Pedro Garza García, a house costs 42,000 pesos per month.

The rental and sale of housing markets, in addition to having a high level of value, seek to adopt the new trends in use, building, and lifestyles, Propiedades.com said.

“They show the existence of a housing park of all residential segments, so these cities have a more balanced urban planning. What facilitates their mobility and link to the city, “concluded the real estate portal.

Prosperous Cities of Mexico, how are they evaluated?

Through the Index of Prosperous Cities seeks to understand the dynamics and challenges of urban environments to benefit its population

One of the greatest wishes of an inhabitant of any city is to be able to live in the best possible conditions, for which it is necessary to carry out actions in the medium and long term that benefit our social and urban environment.

The Index of Prosperous Cities (CPI for its acronym in English) is a scientific measurement instrument that reviews six dimensions to identify areas of opportunity that can be attacked and improved for the benefit of its residents.

The results of this indicator help the authorities to discuss policies and initiatives that allow the development of more prosperous cities and better living conditions.

In partnership with UN-Habitat, who created this instrument, Infonavit has implemented this index and evaluated 305 cities in the country. In this way, 90% of the urban localities in Mexico have been covered.

The 6 dimensions that the CPI reviews are:

1. Productivity Generation of income and employment

2. Development Infrastructure. Physical resources and equipment to support the population and the economy.

3. Quality of life. Education, health, recreation, culture and security.

4. Equity and social inclusion. Poverty and inequality

5. Environmental sustainability. Sustainable urbanization, environment, natural resources, water treatment, solid waste and renewable energy.

6. Governance and urban legislation. Framework and institutional capacity, social participation, public finances, legal framework and urban expansion.

The CPI project raises the need for a balance between the 6 dimensions of prosperity so that none of them advances without addressing the others, affecting or limiting the most harmonious growth and putting the sustainability of cities at risk.

By giving a rating in each dimension, in addition to generating recommendations, work plans can be defined with specific actions according to the local priorities of each demarcation, with the certainty that these recommendations are based on evidence.

In addition, it is a very useful tool for decision making, which benefits shared prosperity in cities. It also offers the possibility of rethinking the comparative advantages of cities under the aim of a comprehensive system of urban centers, and thus enhance the opportunities of each of them.

Without a doubt, with the CPI it is easier to know how to improve living conditions and identify possible improvements for citizens that guarantee greater prosperity. Know the evaluation of your city and compare it with other locations in Mexico and the world, download the official app for iOS  and Android where you will have all the information of the CPI at your fingertips.

Source: el economista, entrepreneur mx

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