© ProMatura Group,LLC 2011 All rights reserved. Estudio de Mercado REPORT OF THE EXPAT SURVEY 1 TABLE OF CONTENTS Contents Page 3 Introduction 7 Terminology 8 Moving to or Living in Mérida or Another Area in the State 10 Active Adult, Independent Living and Assisted Living 51 Characteristics of EXPATS 61 Health, Insurance and Medical Services 70 Income, Home Value, Wealth and Expenditures 78 © ProMatura Group,LLC 2011 All rights reserved. Executive Summary 2 EXECUTIVE SUMMARY – PAGE 1 Introduction This report summarizes the results of a survey of EXPATS living full or part-time in Mérida or the state of Yucatán and individuals who are thinking of purchasing a residence and living at least part-time in this area. The Internet-based survey was publicized via the on-line newsletter of the Yucatán Expatriots Society, printed announcements made available at the Mérida English Library and other establishments in Mérida and Progreso. 49% of the respondents living full-time, 33% live part-time and 17% are contemplating moving to the area. 72% of the EXPATS moved to the area between 2006 and 2011. 95% of the EXPATS living full-time and 25% of EXPATS living part-time in the area state this is their permanent address. 74% stated the U.S., 19% identified Canada and 7% listed other countries as their country of origin. The climate, people, culture and cost of living are the primary attributes that attract people to locate in the area. 57% rated their experiences of planning, making the decision and completing the move to the area as an 8 or higher on a 10-point scale where a “1” equaled the worst possible experience and a “10” equaled the best possible experience. The two most frequent comments about services that would have helped the move to the area were to have bilingual service providers (19%) and a trusted source for reliable information (16%). Concerns about moving to the area were: rights of ownership/fideicomiso (14%) and crime (12%). The most frequent recommendation by the respondents was “Clean up the garbage” (13%). © ProMatura Group,LLC 2011 All rights reserved. The survey was conducted between February 5, 2011 and February 27, 2011. A total of 286 participants completed all questions on the survey, 444 participants completed at least part of the survey. 3 EXECUTIVE SUMMARY – PAGE 2 30% of the EXPATS live in Santiago or Santa Ana and the remaining 70% live in 72 different neighborhoods or towns in the area. 89% are satisfied with the quality of their life in Mérida or the state of Yucatán. The most frequently mentioned attribute (19%) that contributes to this sense of quality is “the people. 52% have lived in two or more homes, 48% have lived in one home, 23% have lived in two homes and 29% have lived in three or more homes since moving to the area. 92% are satisfied with their homes. 51% feel safe all of the time and 46% feel safe most of the time. 18% mentioned “break-ins” as growing concern relative to their safety. 62% of the full-time residents and 45% of the part-time residents volunteer their time and 81% contribute to a charitable or civic cause in Mérida or the state of Yucatán. 76% own their homes and 22% own two or more homes in Mérida or the state of Yucatán. 51% do not own a home outside of México. 19% of the EXPATS indicated they are likely or very likely to move from their current home in Mérida or the state of Yucatán. The most frequently mentioned reason for moving was crime (15% of comments). The majority will move to another home in the area and 17% will return to their country of origin. © ProMatura Group,LLC 2011 All rights reserved. Those who live in Mérida or the state of Yucatán full-time either have an FM3 (56%) or FM2 (41%) visa. 64% of those who live in the country part-time have an FMT Tourist visa, 29% have an FM3 nonimmigrant residency visa and 7% have an FM2 permanent residency visa. 29% rated an active adult 50+ lifestyle community as appealing or very appealing. 62% of these respondents would prefer an active adult community with a continuum of care. (10%) of 315 respondents were likely or very likely to move to independent living and/or assisted living community. 4 EXECUTIVE SUMMARY – PAGE 3 Those who live full-time in Mérida or the Yucatán are significantly more likely to converse in Spanish (52%) than those who live part-time (34%) or are thinking of moving to the area (33%). Characteristics 60% are married, 4% widowed, 17% divorced/separated, 6% never married, 14% are in a domestic partnership. 71% of the EXPATS 55 to 64 years of age compared to 32% of the same age group residing in the U.S. and 76% of those between 65 and 74 years of age compared to 25% of this age group in the U.S. have graduated from college. 50% are retired, 44% work full or part-time, and 6% are not in the paid labor force. 21% live alone, 61% live with one other person, 10% live in a residence with three people and 8% live in a home with four or more people. Health and Medical Services 75% rated their health as very good or excellent , 20% rated their health as good and 5% rated it as fair. 3.5% need assistance with activities of daily living such as bathing, dressing, shopping or meal preparation. 50% receive unpaid help from a family member or friend and 50% receive help from a paid source whose job it is to provide help. 81% have health insurance. 52% from the U.S. and 28% from Canada say their insurance is usable both in their home country and México. © ProMatura Group,LLC 2011 All rights reserved. 73% were between the ages of 50 and 74 years. 9% have applied for and receive IMSS coverage. Among those who have received medical care in the area 66% rate the medical services as excellent, 30% rate them as good, 3.5% rate them as fair and 0.5% rate them as poor. 60% reported their annual household income is between $50,000 and $200,000+. 5 EXECUTIVE SUMMARY – PAGE 4 Financial Attributes The largest proportion of respondents (46%) said the value of their home when they sold it or that they own today was within the range of $100,000 to $299,999. The median net worth of the EXPATS participating in this survey would fall in the range of $500,000 to $749,999. The mean (average) amount the EXPATS spend per month is $3,001 and the median amount is $2,000. The monthly expenditures reported ranged from a low of $500 to a high of $10,000. © ProMatura Group,LLC 2011 All rights reserved. 60% reported their annual household income is between $50,000 and $200,000+. 6 INTRODUCTION This report summarizes the results of a survey of EXPATS living full or part-time in Mérida or the state of Yucatán and individuals who are thinking of purchasing a residence and living at least parttime in this area. The survey was conducted between February 5, 2011 and February 27, 2011. Goal Goals for the survey included: Learn about the EXPATS: where they used to live and where they are living now, who they are – demographic, economic, occupational characteristics 2. Learn the EXPATS thoughts and opinions about Mérida and the Yucatán state before, during and since their move to the area. 3. Obtain the EXPATS assessment of improvements that should be made to the city and state. Survey Participants We targeted EXPATS and people thinking of living in Mérida or the state of Yucatán. The survey participants were obtained through three primary methods: 1. The Yucatán Expatriate Society published an article about and a link to the survey in their on-line newsletter; 2. The Mérida English library provided information about the survey to individuals who visited the library, attended events and saw printed announcements about the survey; and, 3. Printed announcements about the survey were distributed to various locations around the city of Mérida. © ProMatura Group,LLC 2011 All rights reserved. 1. Sample Size A total of 286 participants completed all questions on the survey, 444 participants completed at least part of the survey. Many questions were dependent on answers to previous questions as to whether or not they appeared in the survey. 7 TERMS USED Area: refers to Mérida and the state of Yucatán Domestic Partnership: A domestic partnership is a legal or personal relationship between two individuals who live together and share a common domestic life but are neither joined by marriage nor a civil union. In some countries and jurisdictions (states) in the U.S. a domestic partnership is almost equivalent to marriage, or to other legally recognized same-sex or differentsex unions. Continuum of Care Community: A community that provides housing such as independent living with services including housekeeping, a dining program, transportation, and social and recreational opportunities; assisted living that includes all of the above plus assistance with daily activities; and nursing care services that provides all of the services listed above as well as nursing care provided by health care professionals. Independent Living Community (may be part of a community with a continuum of care): An Independent Living Community is usually a multifamily apartment complex that is often rental and has a dining program on-site. The individual apartments usually have kitchens, but the community may have one or more dining rooms where typically most residents eat their “big meal” each day. Basic services such as housekeeping, transportation, and dining programs are typically included in the fee. Fees or rent are paid monthly. The community typically provides various educational, entertainment, cultural, fitness, and wellness opportunities. © ProMatura Group,LLC 2011 All rights reserved. 55+ Active Adult Community: An Active Adult Community is a community with a minimum age for residents, usually 55 years. It may have single-family homes, townhomes, or for sale condominiums, and a clubhouse, and perhaps other lifestyle amenities, such as a swimming pool, tennis courts and walking trails or other amenities. This type of community does not generally provide meals or housekeeping services. People who move to these communities choose them for a number of reasons that often include: the access to the amenities (golf, swimming); opportunity to live near other people with similar interests and schedules; reduced lawn and home maintenance; ability to leave and feel that your house is secure, and specific covenants that make the community more predictable. Children are always welcomed as guests, even for extended stays, but are not permanent residents. 8 TERMS USED – PAGE 2 Assisted Living Community (may be part of a community with a continuum of care): An Assisted Living Community is usually an apartment-like building that provides housing and services designed to assist people with everyday activities and provides three meals per day. Services are usually planned for each person based on his or her requirements but may include help getting from one place to another, bathing, dressing and managing medications. Fees are paid monthly. © ProMatura Group,LLC 2011 All rights reserved. 9 © ProMatura Group,LLC 2011 All rights reserved. MOVING TO AND LIVING IN MÉRIDA OR ANOTHER AREA IN THE STATE OF YUCATÁN 10 FULL-TIME OR PART TIME IN MÉRIDA/YUCATÁN Amount of Time You Live in Mérida/state of Yucatán FullTime; 49% Source: SIFIDEY EXPAT Survey 2011 The survey participants are divided into three groups for additional analysis Full-Time – those who live full-time in Mérida or another location in the state of Yucatán Part-Time – those who live part-time in Mérida or another location ion the state of Yucatán Thinking – those who are thinking of moving full-time or part-time to Mérida or another location ion the state of Yucatán © ProMatura Group,LLC 2011 All rights reserved. Among all who completed the survey, 49% live in Mérida or the state of Yucatán full-time, 33% are part-time residents and 18% of the respondents are visiting the area and thinking about moving either part-time or full-time to the area. Visiting; 18% PartTime; 33% People who live full-time, part-time or are thinking of purchasing/leasing a home and/or moving to Mérida or the state of Yucatán were invited to complete the survey. 11 YEAR STARTED LIVING IN AREA Percent of EXPAT Respondents by Year Started Living Full or Part-Time in Mérida or state of Yucatán 2001 to 2005 15,4% 2011 2,5% 2009 to 2010 34,4% 2006 to 2008 35,1% Seventy-two percent of 279 EXPAT survey respondents who completed this question moved to the area between 2006 and 2011. © ProMatura Group,LLC 2011 All rights reserved. 1996 to 2000 6,1% Before 1995 6,5% Source: SIFIDEY EXPAT Survey 2011 12 PERMANENT ADDRESS BY RESIDENCY STATUS Among those living part-time in Mérida or the state of Yucatán, the majority (56%) said their permanent address is in the U.S., 19% said it is Mérida, and 17% said their permanent address is in Canada. Among those who are thinking of moving to Mérida or the state of Yucatán, 74% have a permanent address in the U.S., 18% in Canada and 7% are in another location in México. Status of Living in Mérida or the State of Yucatán and Location of Permanent Address Permanent Address Status of Residency Full-Time PartTime Thinking About It Total Mérida 70% 19% 1% 41% Some other location in the state of Yucatán 25% 6% 0% 14% Another location in México 2% 2% 7% 3% United States 1% 56% 74% 32% Canada 1% 17% 18% 9% Other 1% 1% 0% 1% 100% 100% 100% 100% 95% of the EXPATS living full-time in Mérida or the state of Yucatán state this is their permanent address. © ProMatura Group,LLC 2011 All rights reserved. The majority (70%) of the respondents who said they live full-time in México stated their permanent address is Mérida, 25% said it is in another location in the state of Yucatán and 5% said their permanent address is either in another location in México, the U.S., Canada or somewhere else. 25% living part-time in Mérida or the state of Yucatán say this is their permanent address. Source: SIFIDEY EXPAT Survey 2011 13 FORMER OR CURRENT U.S. ADDRESS OF FULL-TIME AND PART-TIME RESIDENTS A greater proportion of full-time EXPAT residents listed in states in the southeast, mid-south and pacific west as their residence of origin. A greater proportion of part-time residents listed the northeastern area . 0.8% 16.7% 18.6% 10.0% 4.2% 8.3% 4.2% 10.2% 6.8% 8.3% 11.7% 6.7% 10.2% 6.7% 17.8% 21.2% 11.7% 11.7% © ProMatura Group,LLC 2011 All rights reserved. 5.9% 8.3% Full-Time Part-Time Current or Former Address of EXPATS by ZIP Code Region in U.S. Source: SIFIDEY EXPAT Survey 2011 14 PERCENT OF RESPONDENTS BY LOCATION OF PERMANENT CANADIAN ADDRESS Percent 10% 3% 10% 13% 15% 5% 5% 5% 18% 18% 100% Name of Area Metropolitan Montreal Eastern Ontario Central Ontario Metropolitan Toronto Western Ontario Northern Ontario Manitoba Saskatchewan Alberta British Columbia © ProMatura Group,LLC 2011 All rights reserved. Code H K L M N P R S T V Source: SIFIDEY EXPAT Survey 2011 15 COUNTRY OF ORIGIN What is your country of origin? Other 7% Seventy-four percent of the respondents are from the U.S. and 19% are from Canada. Nineteen of the survey respondents listed countries other than the U.S., Canada or México as their country of origin. Travel to Country of Origin Seventy-five percent of full-time residents and 98 percent of part-time residents travel to their country of origin each year. Number of Times Return to Country of Origin Each Year U.S. 74% 100% 90% 80% Other Country of Origin N = 19 Country United Kingdom , England, Ireland, Netherlands South Africa Austria Denmark Poland Puerto Rico South African born, U.S. citizen Switzerland Source: SIFIDEY EXPAT Survey 2011 70% Number 9 2 2 1 1 1 1 1 1 3% 7% 5% 19% 60% 50% 40% 13% 10% 20% 40% Five+ Four Three Two One 30% 44% 20% 10% 10% None © ProMatura Group,LLC 2011 All rights reserved. Canada 19% 25% 0% Full-Time 2% Part-Time 16 REASON FOR MOVING TO MÉRIDA AND THE YUCATÁN Those who chose Mérida and the state of Yucatán, are almost equally enamored by its assets of climate, culture, cost of living and people. Comments “Have visited Merida several times, and find it to be very friendly, safe, and charming.” “I have visited the Yucatan several times and like it more each time I visit. It has reasonable costs, great climate and a rich and interesting culture.” “I am retired and tired of snow and ice and sleet and impassable mountain roads in the winter months and would like to spend 3-4 months in a warmer clime in a Spanish -speaking country relatively close to the US.” Reason for Moving to Merida N = 119 Category Climate Culture Love the area Cost of living People Retirement Safety Activities Location Business opportunity Lifestyle Medical care Percent 14% 14% 13% 11% 10% 8% 4% 3% 3% 3% 3% 2% Source: SIFIDEY EXPAT Survey 2011 Category Slower pace of life Atmosphere Economy Air travel (easily accessible) Amenities Family originally from the area Food Housing Better retirement options Living conditions Wanted a change Percent 2% 2% 2% 1% 1% 1% 1% 1% 1% 1% 1% © ProMatura Group,LLC 2011 All rights reserved. “I am from the US. I love the people and way of life in Mérida and the Yucatan. The mix of modern, colonial, and ancient Mayan is ideal. I also like the family values and balanced way of life/living that are part of the culture. I have always felt welcomed, and, in fact, fell for a Yucatecan.” 17 REASONS FOR THINKING OF MOVING TO MÉRIDA OR THE STATE OF YUCATÁN Percent of Respondents Who are Thinking of Moving to Mérida/Yucatán state by Their Reason Percent 20% 15% 13% 9% 7% 7% 6% 4% 4% 4% 2% 2% 2% 2% 2% 2% Cost of living Climate Approximately 60 of the 76 respondents who are thinking of moving to Mérida or the state of Yucatán provided their reasoning for their move. Many listed more than one reason. © ProMatura Group,LLC 2011 All rights reserved. Reason for Choosing Area Climate Cost of living People Culture Love it there Lifestyle Safety Slower pace Health care Adventure Retirement options Proximity to U.S. Housing Business opportunities Beach Amenties People The most frequently mentioned reasons for thinking about moving to the area included the climate, the cost of living, the people and the culture 18 PRIMARY FEATURES ATTRACTING… When asked to identify the features of Mérida and the Yucatán that were attractive to those who have moved or are thinking of moving to the area, the same three elements appear: people, culture and climate. Other features that are mentioned include activities available, history, the city, and architecture, Primary Features Attracting You to Mérida/State of Yucatán? n = 183 Percent Category Percent People 16% Language 2% Sample of Comments Culture 14% Safety 2% Climate 9% Community 1% Mayan culture. English language library and opportunities to volunteer and get involved in community.” Beaches 8% Food 1% Cost of living 8% Opportunity to volunteer 1% Activities 7% Amenities 1% History 5% Cleanliness 1% Lifestyle 4% Freedom 1% City 4% Low crime rate 1% Healthcare 3% Nature 1% Architecture 3% Pensionado programs 1% Love the area 3% WiFi access 1% Proximity to U.S. 3% Transportation 1% Air travel 2% “Mayan culture (ruins, cuisine, history), Caribbean feel and beaches, cultural activities, low crime rate and warmth of Yucatecans, not overly developed, access to good medical care, the arts.” “Vibrant city with culture, friendly people, many events, colonial mixed with modern architecture and ways of doing things that are both traditional and progressive at the same time.” © ProMatura Group,LLC 2011 All rights reserved. Category 19 NUMBER OF VISITS TO MÉRIDA/YUCATÁN STATE Percent of EXPATS by Number of Visits Five to Ten 17% One 31% Four 8% Three 17% Two 17% On the other end of the spectrum, 15% visited the area more than six times. There were three respondents who said they had visited 50 times. Based on the high proportion of EXPATS who make their decision to move to Mérida on their first or second visit suggests that Mérida has a strong positive first impression. A well-designed 50+ Attraction Program targeted to the right market sectors should show positive results in a relatively short period of time. © ProMatura Group,LLC 2011 All rights reserved. None 5% Eleven + 5% More than half of the EXPATs living in Mérida or the state of Yucatán visited the area two or fewer times before deciding to take up residence in the area. Five percent made the decision without ever having visited, 31% visited once and 17% visited twice. 20 NUMBER OF VISITS BY THOSE THINKING OF MOVING Sixty-four respondents who are thinking of moving to Mérida or the state of Yucatán provided the number of times they have visited this area. It is interesting to note that many of those who are thinking of moving to the area have visited the area significantly greater number of times than those who have already made the move. Twelve percent of those who live full or part-time in the area visited more than five times before they made the decision. In contrast, 50% of those who are thinking about moving have visited the area five or more times. Those thinking of moving to the area are: None 8% One 13% Eleven+ 23% Two 13% Five to Ten 27% Four 9% Thinking of Moving to the Area Compared to Full-Time or Part-Time Residents Three 8% More likely to be employed Less likely to be retired No differences in age, marital status, health, income and wealth © ProMatura Group,LLC 2011 All rights reserved. Number of Visits to Mérida or the State of Yucatán 21 CONCERNS ABOUT MOVING TO MÉRIDA/YUCATÁN Survey participants were given a list of concerns they may have had when thinking about and making the decision to acquire a residence (purchase or lease) in Mérida or the state of Yucatán. Forty percent of fewer of the participants indicated that they experienced any of these concerns. The most frequently identified concern was whether or not they would be able to communicate. Ranking of Concerns about Moving to México Percent Being able to communicate 40% Process of buying home 38% Cost of living 37% Quality of medical services 35% Safety of the area 34% Confidence in Mexican real estate laws 34% Price of the home 32% Fitting into the community 29% Climate 27% Finding friends and people with common interests 23% No concerns 12% © ProMatura Group,LLC 2011 All rights reserved. List of Concerns Source: SIFIDEY EXPAT Survey 2011 22 EXPERIENCE MOVING TO MÉRIDA OR THE STATE Survey respondents who have established a residence in Mérida or Yucatán state rated their experiences encountered in finding a residence, moving and settling into their homes. The average rating each of their experiences was above average. And, more than 57% rated their experiences as an “8”or higher on a 10 point scale. The best experience was finding a residence they liked at a price they were willing to pay (average rating 8.1 on a 10 point scale). The lowest rating was setting up the household, such as connecting with utilities and telephone services (6.6 on a 10 point scale). Experience Finding a residence that you liked at a price you were willing to pay. Finding the location you liked. Obtaining reliable information about purchasing or renting a home in México Completing the financial transaction to acquire the residence. Completing the legal requirements to acquire the residence Obtaining reliable information about moving to México. Planning your move to México. Moving to México. Setting up your household (utilities, telephone, obtaining services, etc.) Worst Experience Average Experience 6 2 3 4 0.6% 0.0% 1.0% 2.3% 3.6% 11.0% 10.7% 24.6% 25.2% 21.0% 8.1 0.6% 0.0% 0.3% 0.6% 4.2% 9.1% 10.7% 26.9% 24.6% 23.0% 8.2 1.6% 2.3% 2.3% 4.9% 3.6% 12.3% 11.7% 23.0% 20.7% 17.8% 7.5 1.9% 2.3% 2.9% 4.2% 4.5% 7.8% 23.3% 24.3% 20.7% 7.7 1.9% 1.3% 2.6% 2.9% 5.5% 10.7% 9.7% 21.4% 23.0% 21.0% 7.7 2.9% 1.6% 2.9% 3.6% 6.8% 15.2% 10.0% 19.7% 21.0% 16.2% 7.3 1.6% 2.3% 1.3% 1.3% 1.3% 0.0% 1.3% 2.6% 5.8% 15.2% 15.5% 24.6% 17.2% 16.2% 7.1% 11.0% 14.6% 22.3% 21.4% 17.5% 7.6 7.6 3.6% 2.9% 5.5% 5.2% 10.0% 14.2% 16.8% 19.7% 13.9% 8.1% 6.6 8.1% 7 8 9 Avg 1 Source: SIFIDEY EXPAT Survey 2011 5 Best Experience 10 © ProMatura Group,LLC 2011 All rights reserved. Rating of experiences in finding a residence, moving to México, and settling in. 23 ASSISTANCE IN LEARNING ABOUT MERIDA AND THE AREA Many respondents listed suggestions of information that would be helpful to people thinking about or planning a move to the area. Sample Suggestions “Bilingual EXPAT cultural exchange office or website working in conjunction with the state government that offers official interpretation or guidance Maybe a downloadable package explaining various departments and processes There are similar offerings from various sources in piecemeal or for a fee.” Assistance in Learning About Merida and the State of Yucatán (N = 51) Category Info about available services Info about legitimate real-estate businesses EXPAT advice Information about getting home loans Official package outlining legalities of owning property Easy access to local government services Information about the city Legal information Bilingual services Bilingual medical care Info about how to start a business Consulate services Ambassador service or website Bilingual EXPAT cultural exchange office Info about authorities Info about banking Percent 10% 8% 6% 6% 6% 6% 4% 4% 4% 4% 4% 2% 2% 2% 2% 2% Source: SIFIDEY EXPAT Survey 2011 Category Percent Info about cost of living 2% Info about EXPAT friendly places to rent at reasonable prices 2% Info about jobs available 2% Info about organizations 2% Info about other towns 2% Info about population 2% Info about school systems 2% Info about security 2% Info about taxes 2% Info about the immigration process 2% List of property managers 2% Newcomer groups and organizations 2% Ombudsman services 2% Info about the process of moving 2% Website from state government that offers guidance 2% © ProMatura Group,LLC 2011 All rights reserved. “An official booklet clearly stating requirements for real estate ownership, an official booklet clearly stating availability of health care services, ability to use Medicare, etc.” 24 WHAT SERVICES WOULD HAVE HELPED? What Services Could Have Improved Your Experience (N = 260) Category Category Percent Information about education options 1% Information about purchasing or building a home 1% Regulatory body for lawyers and reliable legal services 1% Reliable information about health insurance and healthcare 1% Daily English newspaper 1% Easier process for buying household furnishings 1% Easier process for obtaining a visa 1% Info on neighborhoods of Merida 1% Information about tax laws 1% International phone service/internet 1% Less confusing paperwork 1% More travel options, Cheaper air travel 1% Make the area safer 1% Better communication between EXPAT services 0% Better maps 0% Information about running a business in Mexico 0% Comments. Some cultural preparation would have been helpful to me. I would like to learn more about the Yucatecan community - history, culture, and how an outsider can learn to make some sort of fit. It is more difficult than I imagined to find a comfortable place here - I am perceived as a rich gringo (I am unable to afford the high cost of living in the US) and do not feel so comfortable with the EXPAT community, much of which does not seem to feel the need to study the language or culture or appreciate what it has to offer. Perhaps a course in cross-cultural communication for we outsiders might be in order.” © ProMatura Group,LLC 2011 All rights reserved. Percent Bilingual services 19% Reliable information Official website, Official Guidebook 13% Easier process for establishing utilities 9% Honest realtors, List of reliable contractors/architects/realtors 9% Clearer information regarding shipping/importing 6% Government agency that is friendly with EXPATs 4% Improved customs process 4% Better banking service and information about banking 4% Clearer information regarding laws 3% Clearer information regarding vehicle registration and buying a car 3% Welcome center, welcome wagon service, or welcome package 3% Add moving assistance to tourist department 2% More reliable and honest police force 2% Better trash collection and recycling centers 2% More reliable postal service 1% Consulate office 1% Ferry service 1% “At the time we bought land and built here, there was little information to help foreigners choose reliable builders and other services. It would have helped enormously if there had been a central government office that was a clearing house for reliable information.” “Availability of bilingual (English) services at banks, utility companies in Merida. Also bilingual assistance to purchase refrigerator/stove etc.” Source: SIFIDEY EXPAT Survey 2011 25 CONCERNS ABOUT MOVING TO MEXICO Concerns About Moving to Mexico (N = 100) Housing costs American relations Border issues Cost of living Difficulty relocating Dishonest realtors Distance from U.S. Unreliable mail service Fear of Mexico becoming more like U.S. Ability to earn income Too many foreigners Reliable internet access Rising costs Road conditions Slow economy Water Percent 2% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% Comments “Looked at rights of ownership, tax liabilities, confidence and safe guards of a legal transaction. Risks of political change and attitudes and ability to sell at a future date.” “Concern is buying real estate through a trust held by the bank. What protection is there from the bank simply seizing all of the trusts?” “Fear that I might lose my investment due to political struggles; drug violence itself and it's impact on other wealthy foreigners/locals buying property, working with an advisor but learning too late that the purchase wasn't properly executed so government could take property back.” © ProMatura Group,LLC 2011 All rights reserved. Rights of ownership, Fideicomiso Crime Confidence in legal transactions Safety Stability of government Acquiring health insurance/healthcare Real-estate values Tax liabilities Difficult to maintain property from abroad Language barriers Garbage/pollution Climate Corrupt police Distance from family Stray animals Mexican laws Percent 14% 12% 8% 8% 8% 6% 4% 4% 3% 3% 3% 2% 2% 2% 2% 2% “We are concerned about incidents of corrupt police; fearful of an automotive accident that could land us in jail with bribery as the way out; If there was any message we would want you to give to the state government it would be to train and pay the police well so bribes would not be tempting; nor would any activity related to the drug wars.” 26 Source: SIFIDEY EXPAT Survey 2011 GENERAL RECOMMENDATIONS General Recommendations (N = 387) © ProMatura Group,LLC 2011 All rights reserved. Category Percent Category Percent Clean up garbage 13% Smooth visa process 1% Crack down on police corruption 5% Close the Plaza Grande to vehicles 1% Bus system/Improve/reorganize bus routes 4% Improve customer service with TelMex and CFE 1% Improve sidewalks 4% Improve safety 1% Bilingual services 4% Offer educational opportunities and programs 1% Clarify legal system for non-Spanish speakers 4% Put utility lines underground 1% Enforce laws, rules, and regulations 4% Control beach erosion 1% Improve roads 3% Improve utilities 1% Close Centro to all vehicles or at least buses 3% Add bike lanes on the streets 1% More police protection 3% Advertise volunteer programs EXPATs can participate 1% Get rid of stray animals/government animal control agency 3% Clean up graffiti 1% Better utilities at lower utility costs 3% Close streets to vehicles around the main Zocalo area 1% Create a definitive place to pick up a packet of reliable information 2% Create public housing for the poor 1% Create incentives for recycling 2% Do away with fideicomiso 1% Provide legal documents and brochures for everything in English 2% Educate people in customer service positions 1% More direct flights to area 2% Eliminate vacant/dilapidated empty houses 1% Add more parks and green space 2% Have better signage on roads 1% Reduce noise level 2% Help establish alternative energy use 1% Liaison between government and EXPAT community 2% get rid of the "Manana" syndrome Comments. “Improve the roads on the beach front particularly the side roads..” “Crack down on petty crime. It makes everyone - EXPATs and Mexican national - feel unsafe Please start regulating the real estate industry here. There is no single thing that scares EXPATs away so quickly, before they even buy.” “Anti litter programs, the city is dirty and littered. A historic city like Merida should not be so dirty!” “Repair the dangerous holes and cracked concrete on the side-walks; repair or replace the broken and/or missing ManHole coverings on the side walks; this is life threatening!!” 27 Source: SIFIDEY EXPAT Survey 2011 GENERAL RECOMMENDATIONS (CONTINUED ) Additional Recommendations by Individuals Allow payment of utilities by check by mail Allow people to move items here duty free if a residence is owned Attract more businesses to the pueblos and along the beaches to develop tourism more Better control of custom agents on the port Bilingual speaking people in government offices Make the Yucatanean government the national leader in transparency, responsibility, and accountability. More street lights More Telcel towers Mosquito control Offer current website in perfect English Offer spay and neuter programs Provide a ferry service between mainland U.S. and Yucatan Switch to Eastern Time Zone to add an extra hour of light at night would be good for tourism Provide cultural awareness and daily living assistance to new arrivals. Provide more Asian food supplies in stores and supermarkets Raise standards Stop allowing businesses to use mounted loud speakers on vehicles in neighborhoods. Stop cell phone use while driving Bring more business to Merida Implement the ecobici programme that's available in Mexico City here Stop charging for bringing pets into the country via Cancun. in the Yucatan. Ecobici is a bicycle sharing program. Continue illumination project on Paseo Montejo Stop talking and act, instead Create an online forum to collect and distribute reliable information Get parking under control with homeowner permits for one street relevant to foreigners in the Yucatan. spot only Curb alcoholism Teach population about good nutrition Do something about the invasion of foreigners coming to Merida for sex Use machines to clean the sargasso on the beach tourism Encourage Telmex to extend Infinitum Wash streets daily downtown during hot months where pigeons roost Get rid of junk shops in Centro Reduce paperwork Join the 21st century Provide bus service in the evenings Less bureaucracy Calendar of monthly events in city and state Source: SIFIDEY EXPAT Survey 2011 © ProMatura Group,LLC 2011 All rights reserved. Negotiate with American government about honoring Medicare payments in Mexico Include bilingual services with EXPAT services, law enforcement Provide bus guides in English Regulate the real-estate industry and require realtors to get licenses Add a train service to the Cancun airport Add more open-air markets Add restaurants 28 TYPE OF VISA Type of Visa FMT Tourist visa, 24.1% There were no differences in the type of visa held by the survey respondents by when they began to live in the country (no chart). 100% 90% FM3 Nonimmigrant residency visa, 46.2% 29% 80% 70% FM2 Permanent residency, 28.9% 56% 7% 60% FM3 Non-immigrant residency visa 50% FM2 Permanent residency 40% FMT Tourist visa 64% 30% 20% © ProMatura Group,LLC 2011 All rights reserved. Those who live in Mérida or the state of Yucatán full-time either have an FM3 (56%) or FM2 (41%) visa. 64% of those who live in the country part-time have an FMT Tourist visa, 29% have an FM3 non-immigrant residency visa and 7% have an FM2 permanent residency visa. 41% 10% Source: SIFIDEY EXPAT Survey 2011 0% 3% Full-Time Part-Time 29 ADAPTING TO LIVING IN THE AREA Ease of Adapting to Living in Area 45% 42% 35% 32% 30% 25% 20% 18% 15% 10% 5% 5% 1% 0% 0% © ProMatura Group,LLC 2011 All rights reserved. Only a small proportion (6%) said adapting to living in México was difficult. On the other hand, just 18% said it was “very easy.” 40% 30 Source: SIFIDEY EXPAT Survey 2011 ADAPTING TO MÉXICAN LIFESTYLE Ease of Adapting to Méxican Lifestyle by Type of Visa 100% 90% 0% 1% 0% 4% 10% 33% 34% 28% Very difficult 70% Difficult 60% 50% Somewhat difficult 28% Somewhat east 46% 40% 48% 30% Easy Very easy 20% 33% 10% 18% There may be a perception that adapting to the Mexican lifestyle will be easier than that experienced. A statistically significant (p < .006) greater proportion of respondents with a tourist visa (FMT) rated their experience of adapting to the Méxican lifestyle as “very easy” compared to those with an FM2 visa (18%) or an FM3 visa (11%). © ProMatura Group,LLC 2011 All rights reserved. 80% 1% 2% 4% 11% 0% FMT FM2 FM3 31 Source: SIFIDEY EXPAT Survey 2011 SENSE OF BEING INTEGRATED IN COMMUNITY Extent to Which You Feel You Have Integrated into the Community 60% 50% A higher proportion of EXPATS who are very satisfied with their quality of life in Mérida or the Yucatán believe they are integrated into the community than those who are satisfied or somewhat satisfied. 40% 30% 22% 22% 20% 10% © ProMatura Group,LLC 2011 All rights reserved. Being integrated into a community means that you have a sense of being part of the community and that you belong there. Slightly more than one-fifth of the EXPATS said they feel integrated into the community and the majority (55%) said they feel somewhat integrated. 55% 1% 0% Integrated Somewhat integrated Minimally integrated Not at all integrated 32 Source: SIFIDEY EXPAT Survey 2011 SENSE OF BEING INTEGRATED INTO THE COMMUNITY 100% 3% 90% 80% 0% 1% 19% 20% 29% Not at all integrated 60% 49% 58% 50% 40% Minimally integrated Somewhat integrated 57% Integrated 30% 20% 33% © ProMatura Group,LLC 2011 All rights reserved. 70% The EXPATS who have an FM2 visa providing permanent residency in México are significantly (p < .04) more likely to have a sense of being integrated into the community (33%) than those with an FM3 non-immigrant residency visa (22%) or those with a tourist visa (12%). 22% 10% 12% 0% FMT FM2 FM3 33 Source: SIFIDEY EXPAT Survey 2011 WHERE EXPATS RESIDE IN AREA 30% of the EXPATS live in Santiago or Santa Ana. An additional 38% live in the areas listed in the table below. Location of EXPATS Santiago Santa Ana Progreso Chelem San Sebastián Garcia Gineros Centro Historico Mejorada Churburna Pto Chicxulub San Cristobal Santa Lucia 16.7% 14.6% 8.8% 7.6% 3.8% 2.9% 2.6% 2.6% 2.3% 2.0% 2.0% 2.0% Source: SIFIDEY EXPAT Survey 2011 La Ermita Col. Emiliano Zapata Nte. Itzimna Buenavista Franciso Villa Poniente San Antonio Cinta/MonteCristo Xcanatún San Juan Los Pinos Caucel Izamal San Benito Xmatkuil Sisal San Nicolas Norte Celestun Jardines de Merida San Benito Playa Campestre Ticul Centro, San Sebastian Kamchén San Bruno Col. Mexico Norte Valladolid Chablekal La Ceiba San Crisanto © ProMatura Group,LLC 2011 All rights reserved. The remaining 32% are scattered throughout the areas listed to the right. Other Locations of EXPATS Dzityá Xcumpich Col. Maya Malaga San Ramon Norte Benito Juarez Norte Ermita Abalá Colonial Chichen Monterreal St. Gertrudis Copó Centenario Montes de Amé Alcala Martin Cozumel Motul Tanya Sudzal Telchac Puerto Aleman Altabrisa Emiliano Zapata Norte Nuevo Yucatán Telchac (San Bruno) Cholul Chen Bech Avila Camacho Fracc. Montebello Tepakan Chuminopolis Baca Fracc. Montealban Puerto Morelos Umán 34 SATISFACTION WITH LIFE IN THE AREA Satisfaction with Their Quality of Life in Mérida/State of Yucatán 50% 46% 43% 40% Research has shown that those who are “very satisfied” with where they live are at least four times more likely to recommend their “community” to their friends than those who are “satisfied.” 35% 30% 25% 20% 15% 10% 7% 4% 5% 1% Learn the attributes of the community that make people very satisfied as well as the attributes of the people who are very satisfied. Matching people with areas that will make them very satisfied, will increase recommendations to their friends and families to move to Mérida or the state of Yucatán. © ProMatura Group,LLC 2011 All rights reserved. 45% Eighty-nine percent of the EXPAT respondents are satisfied or very satisfied with the quality of their life in Mérida or the state of Yucatán. There is not a difference in the proportion of people who are satisfied relative to if they are fulltime or part-time residents. 0% Very satisfied Satisfied Neutral Source: SIFIDEY EXPAT Survey 2011 Dissatisfied Very Dissatisfied 35 SATISFACTION WITH QUALITY OF LIFE Satisfaction with Quality of Life N = 252 Source: SIFIDEY EXPAT Survey 2011 Comments Negative comments were listed by a smaller proportion of respondents, but most are related to poorer quality community services . Some representative samples include: “Garbage pick up is not consistent even though yearly fee has been paid.” “I would put very satisfied if a couple of issues, like garbage pick-up, worked a tiny bit better.” “Banking is like having teeth pulled without any pain killer. “ “Internet speed needs to be faster.” “I live alone and I have to worry about the men who work and service the empty beach homes. I`ve had three rape attempts. “ © ProMatura Group,LLC 2011 All rights reserved. Category (Positive) Percent Category (Negative) Percent 4% People 19% Crime and break-ins 3% Culture 9% Garbage/pollution 2% Climate 9% Traffic – too fast, congestion 2% Safe 8% Bureaucracy 1% Cost of living 7% Electricity, water, sidewalks 1% Activities 5% Streets in disrepair 1% Community 4% Climate 1% Goods and services 4% Noise 1% Health care 3% Police 1% Housing 3% Poor workmanship <1% Peace and quiet 2% Lack of goods and services <1% Food 1% Mail delivery <1% Transportation 1% Reliability of workers Ambience 1% Transportation – poorly organized <1% <1% Location 1% Expensive <1% Clean 1% Over-priced workers <1% Infrastructure <1% Banking <1% Land <1% Food <1% Shopping <1% Landlords <1% No high-rise buildings <1% Air travel to/from Mérida <1% Volunteer opportunities <1% Dishonest people , scams <1% Workers <1% Plumbing <1% Street dogs <1% Wages Those who are satisfied with Mérida and the state love the people, the culture, the climate and their sense of safety. “Info online is very misleading. More expensive than expected even though living much below standard in states.” “Would like to see the city buses updated to less polluting models.” 36 NUMBER OF HOMES Since you began living in México, in how many different residences have you lived? The majority of EXPAT respondents (52%) have lived in two or more homes since moving to México. Forty-eight percent have lived in one home, 23% have lived in two homes and 29% have lived in three or more homes. Number of Homes Lived in México Five 5% Six Seven 1% 2% Four 6% The majority of EXPATS appear to a temporary residence when they first move to the area, then find their primary residence. One 48% Three 14% Almost half (48%) have lived in only one location. About 15% of the EXPATS have lived in four or more residences. Some of these may live in a residence as they fix it up for resale. Eight+ 1% Two 23% © ProMatura Group,LLC 2011 All rights reserved. There is not a statistically significant difference in the number of residences in which the EXPATS have lived relative to if they are fulltime or part-time residents in the area. 37 Source: SIFIDEY EXPAT Survey 2011 EXPATS SATISFACTION WITH THEIR RESIDENCE Percent by Satisfaction with Their Residence 60% 92% of the survey respondents are satisfied with their homes. 54% 54% are very satisfied 40% 38% 30% 20% 10% 6% 2% 0% Very satisfied Satisfied Neutral Dissatisfied © ProMatura Group,LLC 2011 All rights reserved. 50% 0% Very Dissatisfied 38 Source: SIFIDEY EXPAT Survey 2011 SATISFACTION WITH CURRENT RESIDENCE Positive comments about their homes far out number the negative comments., but there are frustrations. Satisfaction with Current Residence N = 218 Positive Comments 28% Home has all necessary comforts Location Good neighbors Home is centrally located Cost of living People Green space Beach Feel safe Good landlord Pool Maintenance support Quiet Wireless Internet Negative Comments Utilities/Electrical outages/plumbing and water issues Percent 4% 11% Noise 3% 8% 5% 4% 3% 3% 2% 2% 2% 1% 1% <1% <1% <1% Lack of maintenance support Garbage/pollution Location Inconsiderate neighbors Home lacks necessary comforts Bad landlord Lack of green space Construction issues Dishonest realtors Eroding beaches Lack of pool Insufficient parking Buildings too high, blocks view Area being over-developed Dishonest contractors Lack of building restrictions on beach Poor construction Home needs repairs 2% 2% 2% 2% 1% 1% 1% <1% <1% <1% <1% <1% <1% <1% <1% <1% <1% <1% “It is turning out to be more of a 'fixer-upper' than I had originally thought.” “The property taxes, water and electricity are continually raised despite the fact that the government does nothing for Centro. The streets are filthy, the electricity is unreliable and the water is hardly potable.” “Very happy with house, but renovation process difficult. Time schedules often not respected by workers, for example. The Yucatecan custom of telling a customer what they want to hear, rather than the truth really wears a person down. Example was told by workers they would be at my house on Monday morning for work. I waited all day for no one. I found out later that Sunday was a holiday, that people drank a lot that night and no one planned to, or would, be working on Monday. But, I wasted my day and waited” © ProMatura Group,LLC 2011 All rights reserved. Nice home Percent Comments 39 Source: SIFIDEY EXPAT Survey 2011 SENSE OF SAFETY IN MÉRIDA/STATE OF YUCATÁN I feel safe…. Rarely 1% Never 0% The majority of EXPATS feel safe all of the time. And, virtually all feel safe most of the time. Two percent feel safe sometimes and 1% said they rarely feel safe. Most of the time 45% All of the time 51% © ProMatura Group,LLC 2011 All rights reserved. Sometimes 2% Source: SIFIDEY EXPAT Survey 2011 40 SENSE OF SAFETY (COMMENTS) The majority of respondent’s comments indicate they feel safe. Category (Positive) Feel safe Police presence Good people Safer in Merida Safe during the day Percent 48% 10% 4% 1% <1% Category (Negative) Break-ins, beach break-ins, heard about Break-ins, personal experience We stay alert to our surroundings Fear that it’s becoming more unsafe Traffic Drugs Crime in other areas Police extortion Police bothersome, of concern Buses Bad experience with taxi drivers Gangs in areas Government is corrupt Percent 13% 5% 3% 3% 3% 2% 2% 2% 1% 1% 1% <1% <1% Comments “As a single woman I walk home alone at night several nights a week and only three times in three years has anyone even bothered me. Can't say that about California.” “Current situation in Yucatan is pretty safe, at least as safe as in the US but there is always the feeling that this could change. Current governor has done an excellent job of safeguarding living conditions but she is out in 2012.” The drug wars are taking a toll on everyone. I do not have the confidence I used to have as far as safety issues.” Seven respondents expressed fear that it was becoming increasingly unsafe in the area. © ProMatura Group,LLC 2011 All rights reserved. Some expressed concern about break-ins, particularly in the beach area. Sense of Safety N = 270 “Currently, I feel personally safe, but I do not feel like my belongings are safe or protected. I also feel that the growing issue of homes being broken into will escalate into personal safety being in jeopardy.” 41 Source: SIFIDEY EXPAT Survey 2011 SENSE OF SAFETY IN MERIDA/STATE OF YUCATÁN Satisfaction of EXPATS is tied to their sense of safety. Seventy-three percent of the EXPATS who are very satisfied say they feel safe all of the time. In contrast, 36% of those who are satisfied, 23% who are neutral and 21% who are dissatisfied say the feel safe all of the time. Sense of Safety by Level of Satisfaction 100% Percent by Sense of Safety 0% 3% 1% 5% 0% 21% 26% 80% 7% 70% Never Rarely 61% 60% 73% 50% 40% 0% Sometimes 50% Most of the time 73% 30% 20% All of the time 36% 23% 10% 21% 0% © ProMatura Group,LLC 2011 All rights reserved. 90% 0% 1% Very satisfied Satisfied Neutral Dissatisfied Level of Satisfaction with Quality of Life Source: SIFIDEY EXPAT Survey 2011 42 PERCENT OF FOREIGNERS IN YOUR NEIGHBORHOOD Percent of Foreigners (U.S./Canada) in Your Neighborhood 70% 62% 50% Only 6% of the EXPATS live in an area where the majority of their neighbors are foreigners. 40% 30% 20% 14% 10% 8% 10% 4% 1% 1% 76 to 99% 100% © ProMatura Group,LLC 2011 All rights reserved. Seventy-five percent of the EXPATS stated they live in areas where fewer than 25 percent of their neighbors are foreigners (U.S., Canadian or other nationalities). 60% 0% 0% 1 to 25 % 26 to 50% 51 to 75% Don’t know 43 Source: SIFIDEY EXPAT Survey 2011 VOLUNTEERING Frequency of Volunteering 0% 10% 20% 30% 40% 50% Several times per week 19% 23% From time to time Only when asked Once a year for a specific event 41% 2% 2% 62% of the full-time residents and 45% of the part-time residents volunteer The difference in the proportion who volunteer between full-time (62%) and parttime (45%) residents is statistically significant (p < .004). Percent Who Volunteer of Full-Time and Part-Time Residents 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 38% 55% No Yes 62% 45% Full-time Other © ProMatura Group,LLC 2011 All rights reserved. Once per week 56% of the survey respondents volunteer their time to a charitable or civic organization in their Méxican community? Part-Time 12% 44 Source: SIFIDEY EXPAT Survey 2011 FINANCIAL CONTRIBUTIONS Amount Contributed More than $20,000 81% of the EXPATS contribute financially A slightly greater proportion of full-time residents (85%) contribute financially than part-time residents (73%). $10,000 to $19,999 $5,000 to $9,999 Percent Who Contribute Financially by Full-Time or Part-Time Residency $1,000 to $2,499 $750 to $999 100% $500 to $749 90% 85% 80% $400 to $499 73% 70% 60% $300 to $399 50% $200 to $299 40% 30% $100 to $199 20% $51 to $99 © ProMatura Group,LLC 2011 All rights reserved. $2,500 to $4,999 10% 0% $1 to $50 Full-Time 0% 5% 10% 15% 20% Part-Time 25% 45 Source: SIFIDEY EXPAT Survey 2011 HOME RENTAL OR OWNERSHIP Three-fourths of the EXPATS own their homes. Other 3% Number of Homes Owned Three 6% Rent 22% Own 76% One 78% Two 16% © ProMatura Group,LLC 2011 All rights reserved. Own or Rent 22% of the EXPATS own two or more homes. Source: SIFIDEY EXPAT Survey 2011 46 HOME OWNERSHIP IN COUNTRY OTHER THAN MÉXICO Number of Homes Owned Outside of México Two 9% One 38% None 51% Half of the EXPATS do not own a home outside of theMéxico. There is not a statistically different number of homes owned by EXPATS relative to the type of visa or full-time or part-time residency in the area. © ProMatura Group,LLC 2011 All rights reserved. Three+ 3% 47 Source: SIFIDEY EXPAT Survey 2011 MOVE FROM HOME IN MÉRIDA OR THE STATE? How Likely is it You will Move from Your Current Home in México? Likely 11,7% Unsure 24.5% Unlikely 26,7% There is not a statistically significant difference in the proportion who are considering moving from their home relative to the type of visa or full-time or part-time residency in the area. © ProMatura Group,LLC 2011 All rights reserved. Very unlikely 29,3% Very likely 7,7% Approximately 19% of the EXPATS indicated they are likely or very likely to move from their current home in Mérida or the state of Yucatán. Source: SIFIDEY EXPAT Survey 2011 48 REASON FOR MOVING FROM MÉRIDA OR THE SURROUNDING AREA? Reason for Moving From Mérida Forty-seven of the 53 participants who said they might move from Mérida listed the reason for their move. The most frequently mentioned reason for moving was crime (15% of comments). “Because our neighbors break the law and the government does nothing about it, which is destroying our property value and quality of life.” “Crime can become a major deterrent.” “The crime continues to increase in the beach towns and I have no confidence in the authorities to control this growing problem.” “The overall deterioration of Merida because of the police and government.” Category Crime Better/larger home Noise/want quieter neighborhood Want a change Corrupt police Garbage/pollution Government Have property in another area Moving back to U.S. Want more green space Can’t make a living Climate Want to experience other areas of Mexico Family responsibilities Want fewer vacant buildings around Better schools Lack of confidence in authorities Like smaller towns Move away from beach Not happy with Semarnat, Profepa, CFE, and TelMex Overall deterioration of Merida Safety Too crowded Zoning issues Utilities Percent 15% 11% 11% 9% 4% 4% 4% 4% 4% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% © ProMatura Group,LLC 2011 All rights reserved. Comments N = 47 49 Source: SIFIDEY EXPAT Survey 2011 LOCATION OF MOVE Where Will You Move? 0% 10% 20% 30% 40% 50% 60% Country of origin 17% To another location in Mérida or area in the Yucatán To another location in México To another country Don’t know 49% 4% 11% 81% of the 53 respondents who said they might move prefer to own their residence and 19% prefer to rent. © ProMatura Group,LLC 2011 All rights reserved. Among the 53 respondents who said they might move from their current home in Mérida or the state of Yucatán, 49% said they would move to another home within the area, 19% don’t know where they will move, and 17% will return to their country of origin. 19% 50 Source: SIFIDEY EXPAT Survey 2011 APPEAL OF 50+ LIFESTYLE COMMUNITY 29% of the EXPATS rated a 50+ Lifestyle Community as appealing or very appealing. Very unappealing 23,3% Very appealing 11,3% Fewer than 1% of the respondents said they live presently in a 55+ community. None of these respondents live full-time in Mérida or the state of Yucatán Aware of Active Adult Lifestyle Communities Appealing 17,9% Unappealing 16,7% Neutral 30,7% 60% of the respondents are aware of 55+ active adult communities in the U.S., Canada or México. The majority listed were in the U.S. with Del Webb Sun Cities mentioned most frequently, and The Villages at Lady Lakes and Leisure World listed second and third most frequently. Three communities were mentioned in México: Las Fincas in Mérida, one in Puerto Vallarta, and one in Guaymas © ProMatura Group,LLC 2011 All rights reserved. Opinion of Appeal of Active Adult Community Near Mérida? There is not a statistically significant difference in the proportion who find a 55+ community appealing relative to their visa or having full-time or part-time residency in México . Source: SIFIDEY EXPAT Survey 2011 51 MOVE TO 50+ LIFESTYLE COMMUNITY? If it were available, how likely is it you would move to an active adult community in Mérida or the surrounding area? 60% Among the 24 respondents who would consider moving to a 55+ community – 17% prefer only an active adult community, 62% prefer an active adult community with a continuum of care, and 21 percent did not have a preference. 52,0% 40% When Might You Move to 55+ N = 24 30% 19,4% 20% < 1 Year 8% 21,2% Don't know 25% 10% 5,2% 2,2% 0% Very likely Likely Unsure Unlikely Very unlikely > 5 Years 46% 1 to 3 Years 8% 3 to 5 Years 13% © ProMatura Group,LLC 2011 All rights reserved. 50% Source: SIFIDEY EXPAT Survey 2011 52 MOVE TO AN INDEPENDENT LIVING COMMUNITY? If it were available, how likely is it you would move to an independent living or assisted living community in Mérida or the surrounding area? 50% Independent Living 45% 35% 30% Fifty-two percent of the respondents stated they are Assisted Living 45% aware of independent living communities and 56% are 45% aware of assisted living communities in the U.S., Canada or Mexico. The proportion aware of communities is considerably lower than the awareness level among individuals in this same age group who are living in the U.S. Among those living in the U.S., 75% are aware of independent living community and 84% are aware of assisted living community. 25% 23% 25% 22% 25% When Might You Move to Independent Living or Assisted Living N = 31 20% 15% Independent Living 10% 5% 6% 6% 60% Assisted Living 54% 50% 45% 40% 1% 2% 32% 29% 30% 0% Very likely Likely Unsure Unlikely Very unlikely 20% 10% 0% 9% 0% 5% 4% 9% 13% © ProMatura Group,LLC 2011 All rights reserved. 40% Thirty-one (10%) respondents out of the 315 who answered this question were likely or very likely to move to independent living and/or assisted living. < 1 Year 1 to 3 Years3 to 5 Years > 5 Years Don't know Source: SIFIDEY EXPAT Survey 2011 53 MOVE TO AN INDEPENDENT LIVING COMMUNITY? When Might You Move to Independent Living or Assisted Living? (n=31) Independent Living 60% Assisted Living 54% 50% 40% 32% 29% 30% Independent living is more of a discretionary move than assisted living, which is a move of necessity. Nursing Care 20% 10% 13% 9% 9% 5% 4% 0% 0% Within the 1 to 3 years 3 to 5 years > 5 years Don’t know year Thirty-four respondents said they would move to nursing care if it were available and they needed nursing care services. None of the respondents said they would be likely to move to a nursing care facility in the next three years. © ProMatura Group,LLC 2011 All rights reserved. 45% A slightly greater proportion of the respondents who would at least consider a move to independent living (14%) would consider moving within three years than those who would consider moving to assisted living (4%). A greater proportion (67%) said they would consider moving to assisted living and 54% said they would consider independent living when a longer time frame of three to more than five years was indicated. Source: SIFIDEY EXPAT Survey 2011 54 PREFERENCES FOR AMENITIES Preferences for Amenities [n=142] Essential 61% 53% 52% 50% 46% 44% 41% 40% 38% 38% 32% 32% 32% 26% 24% 18% 18% 16% 14% 13% 13% 12% 7% 7% 6% 6% 4% Desirable 36% 41% 29% 45% 46% 46% 50% 54% 55% 53% 61% 59% 62% 55% 46% 62% 62% 54% 55% 60% 45% 53% 27% 34% 43% 40% 46% Unnecessary Do not want 4% 0% 4% 1% 18% 1% 5% 0% 8% 0% 9% 1% 7% 1% 6% 1% 6% 1% 9% 0% 6% 1% 6% 3% 6% 1% 16% 3% 29% 1% 19% 1% 19% 1% 26% 4% 25% 6% 24% 4% 37% 6% 28% 7% 44% 21% 51% 8% 39% 12% 44% 10% 42% 8% © ProMatura Group,LLC 2011 All rights reserved. Those who would at least consider moving to an active adult or independent living community were asked to indicate their preferences for amenities in these communities. Their preferences are generally similar to those of prospective consumers for these communities in the U.S. ATM Outdoor walking paths and fitness trails Computer room Medical center with medical services Full-service pharmacy Storage room inside residence Convenience store Restaurant style dining Outdoor swimming pool Library Outdoor dining area Fitness center Free shuttle service to local shopping areas Bar and grill Full-service bank Theater for live performances or movies Private gardening area Gourmet coffee shop Arts and crafts room Rooms for playing games and cards Indoor swimming pool Workshop Golf course Music practice room Jacuzzi or hot tub Sauna or steam room Billiards room 55 Source: SIFIDEY EXPAT Survey 2011 OTHER ESSENTIAL AMENITIES Some respondents listed additional amenities they would like to see in an active adult or independent living community. Comments “Ability to keep my dogs with me and walk with my dogs. An off-leash area for my dogs. Wifi everywhere. An on-call or in-house tech support.” Other Essential Amenities N = 48 Category Dog park Access to transportation Educational programs WiFi access everywhere Availability of healthcare Spa/salon Green space Housekeeping services Large room for parties Outdoor activities Walking trails Access to cultural events Activities director Bike trails Book clubs Community garden Percent Category Percent 8% 6% 6% 6% 4% 4% 4% 4% 4% 4% 4% 2% Cultural center High-quality food Home close to community Horse stables Language classes Nearby parks Nearby restaurants Near schools On-call tech support Outdoor grilling area Personal trainer Services Support groups such as Alcoholics Anonymous Tennis courts Travel agent VOIP 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% Source: SIFIDEY EXPAT Survey 2011 © ProMatura Group,LLC 2011 All rights reserved. “Hair / manicures / pedicures available if called. Small "bar" for at least a "Happy Hour" room to meet, dance, listen to music, etc....We're not dead yet!!! A place to walk the dog(s).” 2% 2% 2% 2% 56 PREFERENCES FOR SERVICES The services desired most by those interested in an active adult or independent living community are year round maintenance of landscaping, driveways and sidewalks and exterior home maintenance. Thirteen percent believe that a prepaid dining program is essential and 51% rated it as desirable. Essential Desirable Unnecessary Do not want Year round maintenance service for your landscaping, driveway, sidewalks, parking area, etc. 39% 54% 6% 1% Exterior home maintenance 37% 57% 4% 1% Transportation services (scheduled at specific times) 32% 63% 5% 0% Housekeeping services 32% 57% 10% 1% Interior home maintenance 19% 64% 15% 1% Fitness/wellness program with personal coach 19% 58% 18% 5% Dining program (pre-paid meals) 13% 51% 31% 6% © ProMatura Group,LLC 2011 All rights reserved. Preferences for Services [n=134] 57 Source: SIFIDEY EXPAT Survey 2011 OTHER ESSENTIAL SERVICES Respondents were asked to list other essential services they would require. Those listed most frequently were entertainment and educational opportunities. Comments “An activities program staff who would oversee travel, education and entertainment services.” “Housekeeping and Interior home should be on an "as needed" basis etc, as should the dining program. Prices per couple/person for a lot of these things should be based on what they want/pay for.” Category Percent Entertainment Educational classes Access to public transportation Activities director Amenities Dining as needed Guest suites Housekeeping as needed In-home medical services Personal care services Professional services such as attorneys, estate planners Psychiatrist Religious services Salon/Spa WiFi 12% 12% 6% 6% 6% 6% 6% 6% 6% 6% 6% 6% 6% 6% 6% © ProMatura Group,LLC 2011 All rights reserved. Other Essential Services N = 17 58 Source: SIFIDEY EXPAT Survey 2011 FREQUENCY OF EXERCISE Frequency of Exercise Daily Eighty-six percent of the EXPATS said they exercise at least once per week and 66% said they exercise at least three times per week. Fourteen percent exercise everyday. 14% Six times weekly 4% 8% Four times weekly Favorite Form of Exercise N = 198 7% Percent Three times weekly 32% Twice weekly 18% Once weekly 3% Less than once weekly 10% Never 4% 0% Walking Swimming Yoga Biking Lifting weights Aerobic exercise Dance Cardio exercise Exercise machines Strength training Gardening Golfing Stretching 37% 19% 11% 6% 6% 3% 3% 2% 2% 2% 1% 1% 1% Percent Zumba Hiking Jogging Low-impact aerobics Martial arts Pilates Riding Running in pool Skiing Squash Stair-climbing Tennis Water aerobics 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% 1% © ProMatura Group,LLC 2011 All rights reserved. Five times weekly Twenty-eight percent of the respondents belong to a fitness center or club (no chart). 10% 20% 30% 40% 59 Source: SIFIDEY EXPAT Survey 2011 FITNESS CLASSES Likelihood of Participating in Fitness Classes Yoga and stretching classes were the most preferred with one-third of the respondents saying they were very likely to participate in these classes. Other Fitness Classes N = 43 Very likely 29% Classes Unsure 26% Likely 33% Likelihood of Participating in an Exercise Class Very Likely Likely Unsure Unlikely Very Unlikely Yoga 34% 28% 22% 9% 8% Stretching 32% 38% 17% 8% 5% Tai Chi 23% 22% 35% 12% 8% Water aerobics 22% 43% 17% 11% 8% Aerobics 14% 26% 27% 23% 11% Spinning (group riding stationary bicycles) 4% 25% 35% 18% 18% Source: SIFIDEY EXPAT Survey 2011 Dance Weight lifting Pilates Swimming Walking Ballet Martial arts Zumba Balance classes Chi gong Competitive sports Golf Jazzercise Low-impact exercises Strength conditioning Tennis Exercise machines Percent 23% 16% 12% 7% 7% 5% 5% 5% 2% 2% 2% 2% 2% 2% 2% 2% 2% © ProMatura Group,LLC 2011 All rights reserved. Unlikely 7% Very unlikely 5% Sixty-two percent of the respondents said they were very likely or likely to participate in fitness classes. 60 © ProMatura Group,LLC 2011 All rights reserved. CHARACTERISTICS OF EXPATS 61 SPANISH SPEAKING ABILITIES Spanish Speaking Abilities I do not speak any Spanish. I can understand and use a few phrases (greetings, getting directions, basic questions). I can speak a little Spanish, but speak Spanish only when I have to. I can usually hold a conversation in Spanish without too much trouble. I could function in a business or professional environment speaking Spanish among native Spanish speakers. I consider myself fluent in Spanish. 2% 24% 29% 27% 7% 12% 100% Sixty-five percent of the respondents 90% said they have limited skills in speaking Spanish. Those who live 80% full-time in Mérida or the Yucatán are significantly more likely (p>.004)70% to converse in Spanish (52%) than those who live part-time (34%) or are60% thinking of moving to the area (33%). 50% 12% 2% 9% 5% 12% 7% 23% 14% 35% Fluent Function in business setting Conversation 23% 32% Speak a little 40% 30% 40% 20% 10% 0% Source: SIFIDEY EXPAT Survey 2011 Phrases 29% 32% Do not speak © ProMatura Group,LLC 2011 All rights reserved. Fluency in Spanish by Time Spent in México 17% 1% Full-Time 1% Part-Time 5% Thinking 62 AGE Age of Survey Respondents < 45 8% 45 to 49 8% 65 to 69 16% 50 to 54 16% 60 to 64 26% 55 to 59 20% Eighty-four percent of the survey respondents were 50+ years of age. The ages of the respondents were the same relative to when they first established a residence in Mérida or the state of Yucatán, whether they live part-time or full-time in the area, and the type of visa they hold. © ProMatura Group,LLC 2011 All rights reserved. 70 to 74 75+ 2% 5% Source: SIFIDEY EXPAT Survey 2011 63 MARITAL STATUS Sixty percent of the survey respondents are married, 4% widowed, 16% divorced and 20% either single or in a domestic partnership. The U.S. data shown are for the population 18 years of age and older. Thus, some of the variations in the rate of divorce and proportion who are single are likely a result of the differences in the age composition of the groups. EXPATS 70% 60% U.S. 60% 57% 50% 40% 26% 30% 16% 20% 4% 6% 10% 1% 0% Married Widowed 14% 10% Divorced Separated 6% Single-never married Domestic partnership Source: SIFIDEY EXPAT Survey 2011 and US Census Table 56. Marital Status of the Population by Sex, Race, and Hispanic Origin http://www.census.gov/compendia/statab/cats/population/marital_status_and_living_arrangements.html © ProMatura Group,LLC 2011 All rights reserved. Marital Status of EXPAT Respondents 64 EDUCATIONAL ACHIEVEMENT EXPATS are significantly more likely o have a four-year or advanced college degree than their U.S. counterparts in the same age group. Seventy-one percent of the EXPATS 55 to 64 years of age compared to 32% of the same age group residing in the U.S. and 76 percent of those between 65 and 74 years of age compared to 25% of this age group in the U.S. have graduated from college. Education of EXPAT Survey Respondents 100% 37% 14% 19% 48% 70% 9% 60% 50% 34% 20% 10% 11% 0% Two year degree 28% 15% 30% 4% 0% 55 to 64 55 TO 64 US EXPAT 36% 3% 18% 11% Four year degree 16% 18% 40% 30% 6% Graduate or professional degree Some college High school graduate or G.E.D. 18% © ProMatura Group,LLC 2011 All rights reserved. 80% 11% 13% 90% Not high school graduate 3% 0% 65 TO 74 EXPAT 65 TO 74 US Source: SIFIDEY EXPAT SURVEY 2011 and US Census. 2011 Statistical Abstract. Table 227. Educational Attainment by Selected Characteristics: 2009 http://www.census.gov/compendia/statab/cats/education.html 65 EMPLOYMENT STATUS Fifty percent of the EXPATS are retired. Employment Status Not in paid labor force 6% Work from home fulltime Employed outside home part-time Employed outside home full-time 50% 9% Half of the EXPATS who completed the survey are not retired. Marketing messages should not focus on the age of the individual nor their employment status. Pitching Mérida and the Yucatán as a retirement destination may not appeal to a large proportion of the target market. 11% 4% © ProMatura Group,LLC 2011 All rights reserved. Retired Work from home parttime Among those still working, 59% percent plan to semi-retire at the age of 58, 41% do not plan to retire and the 59% who plan to semi-retire plan to fully retire by the age of 62 years. At present, Sixty-two is the age at which someone may begin to draw social security. 20% 0% 10% 20% 30% 40% 50% 60% 66 Source: SIFIDEY EXPAT Survey 2011 NUMBER OF PEOPLE IN HOME Number of People in Home by Age Group Number of People in Home Three 10% 100% Four+ 8% 10% One 21% 90% 22% 5% 4% 7% 16% 10% 80% 60% 60% 35% 50% 69% 62% Four+ 48% Three Two 40% Seventy-nine of the survey respondents live with at least one other person and 21 percent live 30% alone. With the exception those 75+ years of age, a greater proportion of the survey respondents in Mérida and the state of Yucatán live alone compared to the proportion of each age group who live alone (one person in home in the U.S. Twenty-two percent of the respondents 55 to 64 years of age live alone compared to 17% in the U.S., and 30% of the respondents 65 to 74 years of age live alone compared to 23% in the U.S. Source: SIFIDEY EXPAT Survey 2011 20% One 39% 10% 0% 40% 18% 22% 30% © ProMatura Group,LLC 2011 All rights reserved. 70% Two 61% 0% 4% < 45 9% 45 to 55 to 65 to 75+ 54 64 74 Percent Who Live Alone in the U.S 12% 17% 23% 39% 67 STAIRS IN HOME Rate the Impact of Stairs in Your Home 70% 59% 60% 40% 34% 30% 20% 7% © ProMatura Group,LLC 2011 All rights reserved. Forty-one percent of the respondents to the survey acknowledged that stairs are at least a small problem in their home. 50% 10% In the U.S., approximately 18 percent of households move from their home because of difficulty with stairs. We have noted that many homes in Mérida and the surrounding area have steps from one room to another and from one floor to another. 0% A big problem A small problem Not a problem 68 Source: SIFIDEY EXPAT Survey 2011 MAINTENANCE OF HOME Rate the Upkeep and Maintenance of Your Home 100% 90% 70% 59% 56% 56% 66% Maintenance of homes does not appear to pose a problem for the majority of the respondents regardless of their age. 59% 60% Not a problem 50% A small problem 40% 30% A big problem 27% 39% 36% 28% 20% 10% 0% 14% 6% 8% 7% 34% Only 7% or the respondents reported problems with maintenance of their homes. © ProMatura Group,LLC 2011 All rights reserved. 80% 7% < 45 45 to 55 to 65 to All 54 64 74 Ages 69 Source: SIFIDEY EXPAT Survey 2011 © ProMatura Group,LLC 2011 All rights reserved. HEALTH, INSURANCE AND MEDICAL SERVICES 70 HEALTH Compared to Others Your Same Age How Do You Rate Your Health? 100% 90% 0% 23% 0% 4% 60% 20% 25% 0% 5% A large number of empirical studies have demonstrated that a person’s own appraisal of his/her general health is a powerful predictor of future morbidity and mortality. 20% 33% 38% 50% 36% Poor Fair 39% Good 40% 30% Very Good Excellent 55% 20% 47% 35% 31% 39% 10% The proportion who reported their health as excellent declined from 55% of those younger than 45 years of age to 31% of the respondents 65 to 74 years of age. © ProMatura Group,LLC 2011 All rights reserved. 23% 0% 5% 16% 80% 70% 1% 6% Among all of the survey respondents 75% rated their health as very good or excellent , 20% rated their health as good and 5% rated it as fair. 0% < 45 45 to 54 55 to 64 65 to 74 All 71 Source: SIFIDEY EXPAT Survey 2011 ASSISTANCE A small proportion (3.5%) of the respondents to the survey need assistance with activities of daily living such as bathing, dressing, shopping or meal preparation. At first glance this proportion seems small, but this survey was likely completed predominantly by people who are in good physical and mental health. Among the 3.5% or respondents who required assistance with activities of daily living, 50% received unpaid assistance from a family and friend and 50% received help from someone whose job is to provide the assistance. Amount of Difficulties with Physical Activities Physical Activities None Some Walking one block 96% 2% 1% 0% Sitting for about two hours 88% 9% 2% 0% 77% 19% 3% 0% 93% 3% 3% 1% 65% 27% 5% 3% 92% 6% 1% 1% 88% 8% 2% 2% Getting up from a chair after sitting for long periods Climbing one flight of stairs without resting Stooping, kneeling, or crouching Reaching or extending your arms above shoulder level Lifting or carrying something over 10 pounds Moderate Significant Assistance with Daily Activities Bathing, Dressing, Shopping, Meal Preparation, etc. Assistance 3.5% No Needs 96,5% © ProMatura Group,LLC 2011 All rights reserved. Thirty-five percent have at least some difficulty stooping, kneeling or crouching, 23% have difficulty getting up from a chair after sitting for long periods, and 12 percent have some difficulty sitting for two hours or lifting or carrying something over 10 pounds. 72 Source: SIFIDEY EXPAT Survey 2011 HEALTH INSURANCE 81% have Health Insurance A large proportion of the respondents to this survey have health insurance. The respondents, however, have greater academic achievement and incomes than the comparable age groups in the U.S.; and Canada. Twenty-eight percent of the respondents from Canada said their insurance is usable in both Canada and México. U.S. Insurance 52% usable in U.S. and Mexico Canadian Insurance © ProMatura Group,LLC 2011 All rights reserved. A majority (52%) of the U.S. respondents said their health insurance is usable in both the U.S. and México. 28% usable in Canada and Mexico 73 Source: SIFIDEY EXPAT Survey 2011 IMSS Have you applied for and/or received the Méxican social medicine coverage (IMSS)? No, and I do not plan to; 48% No, but I plan to; 43% Among those whose insurance is not usable in México, 1.6% have applied for and have received the IMSS coverage, an additional 48.4% plan to apply and 50% do not plan to apply for the coverage. © ProMatura Group,LLC 2011 All rights reserved. Yes; 9% Nine percent of all of the respondents have applied for and receive IMSS coverage. 74 Source: SIFIDEY EXPAT Survey 2011 RATING OF MEDICAL CARE SERVICES IN MÉXICO Have you used medical services in México? Please rate the medical services in México No 29% Good 29,8% Yes 71% Excellent 66% © ProMatura Group,LLC 2011 All rights reserved. Fair Poor 3,4% 0,5% 75 Source: SIFIDEY EXPAT Survey 2011 MEDICAL SERVICES The respondents have received a wide variety of medical services. The largest proportion (29%) stated they have received general care such as an annual physical. Respondents listed having received services from most medical disciplines. Type of Care General care (yearly check-ups, etc.) Dental Surgical Emergency care Cardiology Dermatology Internal Medicine Prescription Blood analysis Ophthalmology Gynecology Gastroenterology Optometry In-home care Otolaryngology (Ear, nose, and throat) Urology Intensive care Percent 29% 13% 9% 7% 6% 4% 4% 4% 3% 2% 2% 2% 2% 2% 2% 2% 1% Type of Care Orthopedic Bone density test Neuropathy Oncology Physical therapy Plastic Surgery Doppler test Endocrinology Glaucoma testing Neurology Podiatry Psychiatric services Specialist Sports medicine Stress test Thyroid Traumatology Percent 1% 1% 1% 1% 1% 1% <1% <1% <1% <1% <1% <1% <1% <1% <1% <1% <1% © ProMatura Group,LLC 2011 All rights reserved. Medical Services You’ve Used in Mérida N = 332 76 Source: SIFIDEY EXPAT Survey 2011 EXPLAIN RATING OF MEDICAL SERVICES The number of positive comments from the EXPATS about the medical services they have received in the area far exceed the negative. Fifty-eight percent volunteered they were happy with the services they received Explanation of Rating of Medical Services (N = 205) Category (Positive) Percent Category (Negative) Percent 58% 2% Happy with service Dated facilities and equipment 10% Poor service 1% Fast service 9% 1% Low cost Slow service 3% 2% Great facilities and top-rate equipment Service was okay, not excellent 2% <1% Doctor gave us his cell phone number Cleanliness of facilities is an issue 1% Home visit by general practitioner Doctors do not educate about prescriptions <1% 1% <1% Very similar to medical service in U.S. Doctors are overworked <1% Language barriers <1% Conservative medical treatment <1% Consultants are available even on holidays and weekends <1% No instructions received for diabetic care <1% No records were kept <1% Dental care is excellent <1% Doctors are well-informed <1% Easily accessible <1% Excellent cardiology <1% Received a free rabies treatment after dog bite <1% Private service is excellent Source: SIFIDEY EXPAT Survey 2011 © ProMatura Group,LLC 2011 All rights reserved. Comments “With one exception, all of the Medical personnel (doctors, nurses, technicians, etc) have been professional, welltrained and friendly.” “We have private insurance and cash. I was knocked over by what very little money here can buy in the way of medical services.” “We do nearly all of our annual medical preventive care in Mexico at Star Medica and are very pleased with the quality of care and the cost.” “The private system is excellent, the public system adequate but very time consuming.” “The Doctor and care were top notch, as good or better than north of the border!” 77 © ProMatura Group,LLC 2011 All rights reserved. INCOME, HOME VALUE, WEALTH AND EXPENDITURES 78 EXPATS BY ANNUAL HOUSEHOLD INCOME Sixty percent of the survey respondents reported their annual household income is $50,000 or more. < $10,000, 1.6% $10,000 to $14,999; 4,5% $200,000+; 7,3% $20,000 to $24,999; 6,5% $25,000 to $29,999; 5,3% $100,000 to $149,999; 13,1% $30,000 to $34,999; 4,9% $35,000 to $49,999; 12,2% $75,000 to $99,999; 15,1% © ProMatura Group,LLC 2011 All rights reserved. $150,000 to $199,999; 8,6% $15,000 to $19,999; 4,9% $50,000 to $74,999; 15,9% Source: SIFIDEY EXPAT Survey 2011 79 EXPAT INCOME BY RESIDENCY IN AREA EXPATS living full-time in Mérida or other areas in the state of Yucatán are more likely to have lower annual household incomes than those who are living part-time in the are or those who are thinking of moving to the area. A natural assumption to make is that the EXPATS who live in the area full-time may be older than those who are living part-time or who are thinking of moving. This is not the true. The average age of full-time resident EXPATS is 58.6 years, for part-time EXPATs is 57.5 years and for those thinking of moving is 57.2 years. These small differences in age are not statistically significant. 60% 50% Full-Time Part-Time Thinking 49% 44% 40% 33% 31% 31% 30% 23% 20% 15% 17% 19% 16% 12% 11% 10% © ProMatura Group,LLC 2011 All rights reserved. Similarly, there are small differences in the marital status of the three groups, but these are not statistically significant, either. 0% <$30,000 $30,000-$49,999 $50,000-$99,999 $100,000+ 80 Source: SIFIDEY EXPAT Survey 2011 ESTIMATE OF VALUE OF HOME Home Value and EXPAT Group. There was not a statistically significant difference in the value of the EXPATS homes relative to their status of living in Mérida full-time or part-time, or if they were thinking of moving to Mérida. Home Value and Age Group. Home values of EXPATS showed some differences. Those 65 to 74 Years of age had a slightly higher proportion with homes in the $100,000 to $300,000 range, as well as the $350,000+ range than the EXPATS between 55 and 64 years of age. EXPAT Home Sale Price or Home Value Estimates Home Value Percent 1.2% Less than $50,000 5.2% $50,000 to $99,999 11.6% $100,000 to $149,999 11.6% $150,000 to $199,999 10.4% $200,000 to $249,999 12.4% $250,000 to $299,999 6.0% $300,000 to $349,999 8.0% $350,000 to $399,999 5.6% $400,000 to $449,999 5.6% $450,000 to $499,999 9.6% $500,000 to $599,999 4.8% $600,000 to $699,999 2.8% $700,000 to $799,999 2.4% $800,000 to $899,999 0.4% $900,000 to $999,999 2.8% $1,000,000 or more © ProMatura Group,LLC 2011 All rights reserved. Respondents were asked to provide the amount for which they sold their homes or the amount they believe they could sell their home today if they still own it. The largest proportion of respondents (46%) said the value of their home was within the range of $100,000 to $299,999. The median price of all homes including land sold in the U.S. in February 2011 was $202,100. Source: SIFIDEY EXPAT Survey 2011 81 HOME VALUE AND INCOME Ninety-three percent of the households who reported the value of their home was $50,000 or less reported an annual income of less than $50,000. The majority of EXPATS with homes valued between $300,000 and $749,999 reported annual incomes from $35,000 to $149,999 and the majority with home values exceeding $750,000 reported annual incomes from $50,000 to more than $200,000. Annual Household Income by Home Value Less than $50,000 to $100,000 to $50,000 $100,000 $299,999 Annual Household Income < $ 10,000 $300,000 to $499,999 3% $500,000 to $749,999 3% $750,000 to $999,999 $1,000,000 to $1,999,999 $2,000,00 0 or more 3% $10,000 to $14,999 27% 19% 6% $15,000 to $19,999 20% 6% 6% 5% $20,000 to $24,999 13% 19% 6% 15% $25,000 to $29,999 7% 13% 6% 3% 9% 8% 6% 5% 9% 5% 6% 12% 18% 21% 5% 7% 25% 21% 18% 15% 21% 17% 24% 13% 21% 21% 17% 5% 9% 15% 8% 12% 6% 3% 13% 13% 11% 17% 21% 17% 40% 15% 35% $30,000 to $34,999 $35,000 to $49,999 27% $50,000 to $74,999 $75,000 to $99,999 $100,000 to $149,999 $150,000 to $199,999 $200,000+ 7% 6% 6% Source: SIFIDEY EXPAT Survey 2011 3% 6% 5% © ProMatura Group,LLC 2011 All rights reserved. Home Value 82 TOTAL NET WORTH The EXPATS estimates of their total net worth ranged from less than $50,000 to more than $2,000,000. The results suggest that the median net worth of the EXPATS participating in this survey would fall in the range of $500,000 to $749,999. U.S. Data Source: Table 720. Family Net Worth -- Mean and Median Net Worth in Constant (2007) Dollars by Selected Characteristics of Families, (U.S. Census Bureau, The 2011 .Statistical Abstract). http://www.census.gov/compendia/statab/cats/income_exp enditures_poverty_wealth.html Under $50,000 6.5% $50,000 to $100,000 6.9% $100,000 to $299,999 14.3% $300,000 to $499,999 17.3% $500,000 to $749,999 14.7% $750,000 to $999,999 17.3% $1,000,000 to $1,999,999 13.4% $2,000,000 or more 9.5% © ProMatura Group,LLC 2011 All rights reserved. In 2007 the U.S. median net worth of households 55 to 64 years of age was $253,700 and $239,400 for households headed by someone between 65 and 74 years of age (U.S. Census Bureau, The 2011 .Statistical Abstract) EXPATs by Estimated Total Net Worth Source: SIFIDEY EXPAT Survey 2011 83 AMOUNT SPENT MONTHLY It is apparent that not everyone is trying to live frugally. In the U.S. households headed by someone 55 to 64 years of age spend an average of $54,783 annually which is $4,565 per month. Those between the ages of 65 and 74 years of age spend an average of $41,433 annually or $3,453 per month. The EXPATS living in Mérida and the Yucatán spend $500 to $1,500 less per month on expenses than those in the same age range spend per month in the U.S. EXPAT Monthly Expenditures Amount Percent $500 TO $999 7% $1000 TO $1499 14% $1500 TO $1999 12% $2000 TO $2499 16% $2500 to $2999 10% $3000 to $3499 11% $3500 to $3999 6% $4000 to $4999 6% $5000 to $5999 8% $6000 to $10000 10% © ProMatura Group,LLC 2011 All rights reserved. The respondents indicated the amount that they spend each month for all of their typical living expenses including everything that are regular expenses for their residence, utilities, transportation, food, entertainment, health services, meals, etc. The mean (average) amount the EXPATS spend per month is $3,001 and the median amount is $2,000. The monthly expenditures reported ranged from a low of $500 to a high of $10,000. Source: SIFIDEY EXPAT SURVEY 2011 and US Census, Table 685. Average Annual Expenditures of all Consumer Units by Race and Age of Householder, Statistical Abstract 2011 84