Cost of Living from 44 Latin American Cities
What you should know to plan your budget to explore or expat to South & Central America!
Where Are We Going Next?
It's always nice to know a lot of nice places but, as entrepreneur, especially if you are beginning your journey in business, a cheap place to live could be nice. That's why we found a list of place to stay that will appear from the cheapest until the most expensive one according to the Cost of Living Index in Latin America. What is the Cost of Living Index? To calculate each city's Price Index value, we start by assigning a value of 100 to a central reference city (that happens to be Prague). Once the reference point has been established, the Price Index value of every other city in the database is calculated by comparing their cost of living to the cost of living in Prague. Therefore, if a city has a Price Index of 134, that means that living there is 34% more expensive than living in Prague.
Cost of Living from 44 Latin American Cities
Here's some pictures with the price index of 44 cities in Latin America. Some may vary especially with the current world crisis but click on the link of the image or see the list of 44 cities at the bottom ranked in order to see the updated information.
Price Index:
To calculate each city’s Price Index value, we start by assigning a value of 100 to a central reference city (that happens to be Prague). Once the reference point has been established, the Price Index value of every other city in the database is calculated by comparing their cost of living to the cost of living in Prague.Therefore, if a city has a Price Index of 134, that means that living there is 34% more expensive than living in Prague.