2016 Minimum Salaries

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It's time to update all the fees, fines, and rates that we pay that are based on the daily Mexican Minimum Daily Salaries.

The Salario Minimo Diario has been raised to $73.04 MXN pesos per day.
(from $70.10 for 2015)

http://www.conasami.gob.mx/pdf/tabla_salarios_minimos/2016/01_01_2016.pdf

Since the MXN peso exchange rate with US Dollars has changed by almost the same amount as the 2016 Mexican minimum wage increase, the US dollar requirements for INM and Consulate requirements stay almost exactly the same

using the current mid-market exchange rate of $17.5 pesos : $1 US dollar.

Here's a link to the current INM and Consulate official values for 2016:
~ Financial Independence (Savings or Income) Requirements for Temporary Residency / Residente Temporal Applicants

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Mexican Consulate Income and Savings Accounts Values:

" ~ Documentation of Proof of Financial Independence by Average Annual Bank Balance (5000 days of wages):
… Average Monthly Balance of at least : about $21,000 USD (exactly $365,200 MXN pesos) at $17.5:1 MXN:USD for Residente Temporal ..."

"Using Method of Monthly Deposits of Income or Pension Receipts: (Resident Temporal) (300 days of wages):
~ About $1,250 USD (exactly $21,912 pesos) per month of regular Deposits ~ to qualify for Residente Temporal "

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Residente Temporal Income or Deposits or Bank Balance Requirements for Family Members of a Mexican Citizen:
Using average minimum required monthly Account balance for 6 months: 300 days x $73.04 MW = $21,912 pesos for Residente Temporal applicants.

Using minimum required monthly pension or income: 100 days x $73.04 MW = $7,304 pesos of monthly pension income (or generic income deposits at some INM offices) for Residente Temporal applicants, documented by 6 months of Bank statements (about $420 USDs @ 17.5:1).

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Using Method of Owning Real Estate Property in Mexico (40,000 days): (Residente Temporal)
~ Own/have real property trustee rights, with a value equivalent to forty thousand days of general minimum wage in the Federal District, with original and copy of written proof from a Notario. At the current $17.5:1 MXN:USD exchange rate, this translates to:
… About $167,000 USD (exactly $2,921,600 pesos) worth of property for one Residente Temporal.

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Link for Residente Permanente 2016 $$ minimum requirements:
~ Financial Independence (Savings or Income) Requirements for Permanent Residency / Residente Permanente Applicants