San Miguel de Allende (SMA) is often referred to as the “heart” of Mexico due to its importance in history and its location within the Mexican Republic.
However, the rapid growth of this city and the arrival of thousands of foreigners as tourists and new residents have displaced those who originally lived there.
The economic boom from 2008 to 2019 was a cornucopia for everyone, especially for the middle and working class of San Miguel. According to Datamexico.org, in September 2019, the town had a favorable international trade balance of approximately $13.8 million.
In August 2022, that figure exceeded $33.2 million. Not surprisingly, early this year, SMA was lauded as the best travel destination in the world and, “a great place to live all year round,” according to Forbes and Travel and Leisure.
San Miguel Times