Living in Cozumel is much less expensive than visiting Cozumel. If you don't mind not living on the beachfront, you can buy a house for the same price as one in a yukky neighborhood in Houston. You can also find a place to rent. Of course, it is best to find a long-term place to stay once you are already there, as networking with your Spanish or a Spanish-speaking friend can help you get an excellent deal.
I like the idea of relocating to Cozumel for the same reason that a lot of people enjoy visiting this island--I love to snorkel. I also enjoy the beaches, as does my son. It looks like a great place to homeschool, although it appears that housing prices are a bit higher here than many other cities in Mexico. Still, compared to US beach towns, it's a steal. With dolphins, jungles and submarines, it gives one the opportunity to either have constant adventures or simply completely chill out.
One disadvantage for me is that finding a job teaching English would be tough. However, I can absolutely see living there on income generated from writing, programming, or other online work.
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