The cost of living is certainly higher in Ajijic as opposed to the most of the rest of Mexico . . . I wonder what the impact is of the millions+ spent by expats in that economy?
An important factor in this discussion . . . in 2014 exchange rate was about 12 pesos to the US dollar . . . now that rate is pushing 20 pesos to the US dollar. That's about a 60% increase in value of the US dollar.