My wife, adult son and I just returned from a teriffic 11-day vacation in Mexico. Not beach Mexico, but historic, central Mexico. 6 days in Mexico City, 5 days in Morelia--an old, colonial city 4 hours west of Mexico City. We would never have chosen this vacation, if not for the opportunity to visit old friends, who were living in Morelia for 4 months, while on university sabbatical. But are we ever glad we discovered the delights of central Mexico!
First thing nobody told me about is the climate. I vaguely knew Mexico City was at a high elevation, but I never put two and two together. I dumbly looked at a map, thought to myself southern Texas is really hot, Mexico City is way south of that, it must be a blazing inferno. What a misconception! The mile-high elevation means it is very temperate, all year round. Think Hawaii or San Diego, except maybe a bit more comfortable--75-78F and very dry.
The next recalibration I had to make was the Mexico City environment. I absorbed the idea, 25+ years ago, that Mexico City air quality was horrendous. I think that was true, but like LA, it has improved a lot. It isn't great, but it also isn't a smoggy hell-hole. Most days we were there the weather app rated it "acceptable".
It was also very clean for a large city. The various street vendors were always sweeping up in their downtime. Compares favorably to US cities.
Now on to the question of security and safety. We have all read the chilling tales of drug-cartel violence haunting Mexico. It is real, but it is confined to certain areas, mostly near the border. Mexico City and Morelia both seemed very safe. I am sure there are dangerous areas of Mexico City, just as there are in Chicago, but no reason to go near them as a tourist.
Cost-of-living is very favorable for rich-country tourists. We stayed in the expensive part of the biggest city in Mexico, and overall costs were maybe one-third what they would be in the US (granted, the current exchange rate of nearly 20:1 is historically favorable).
We spoke zero Spanish, and unquestionably stood out as gringos (being of mostly northern European ancestry, and some of us being pretty tall). Nevertheless, the people were very friendly, especially by megacity standards.
Finding English-speaking service workers was spotty, a bit more than I might have guessed. Google Translate was indispensable. Get familiar with it before you leave, and download the Spanish language pack for offline translation.
We did not even think of renting a car. In Mexico City, like Manhattan, a car is the last thing you want. Uber is as reliable as in the US, and costs maybe one-third as much. For traveling between cities, there are extremely nice first-class buses. A four-hour trip to Morelia cost $33, and the bus was shiny, new and very comfortable.
Credit cards are widely accepted. Not quite as universally as current day in the US, maybe the way it was 10 years ago (i.e., cabs and street vendors don't tend to have Stripe swipers). So you will want to carry some cash. Including 5 pesos for public toilets.
Also, on the subject of currency, be aware they use the $ symbol to denote cost in Mexican pesos. Given the exchange rate while we were there, that meant dividing by ~20.
Bottom-line, central Mexico is a vastly under-rated tourist destination. It would also be an amazing place to snowbird. Or if so inclined, even to fully retire to.
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