Good news for anyone looking to get legal Mexican residency: the income requirement dropped and you now only have to show monthly income flowing through your checking account of at least around $1,400. This is a significant reduction from close to two grand. This can be enough to make a difference for retirees living off social security and digital nomads that aren’t earning the big bucks. This is a big deal because some people ended up avoiding Mexico because of the high requirement (far more than you really need to live here) and went to Nicaragua, Panama, or Ecuador instead.
Source: Cheapest Destinations