Living alone in major cities across Latin America comes with a considerable price tag, reveals a comprehensive survey. The analysis delves into the average expenses individuals face while living alone across 11 cities. The findings shed light on the diverse economic landscapes.
According to the survey, the monthly cost of living alone in Latin America ranges from $310.45 to $804.40. Buenos Aires, Argentina is the most affordable city and Montevideo, Uruguay emerge as the most expensive city surveyed. The comparison considered four fundamental components converted into dollars: rent for a 40-square-meter apartment with at least one bedroom, utilities (electricity, water, internet), food, and transportation.
Living Expenses Considered
The survey revealed that Mexico, Costa Rica, El Salvador, and Uruguay, prove to be more financially demanding. However, Mexico offers more affordable services like water and electricity. The main driver of increased monthly costs is the rental market in some areas of Mexico City. In Montevideo and San Jose, Argentina, it’s the combined costs of services and transportation. In San Salvador, it’s the expense of food that elevates the average cost of living. On the opposite end of the spectrum, Venezuela and Argentina emerge as more budget-friendly for solo living.
Facing Economic Challenges
These countries face economic challenges, including prolonged inflation and currency devaluation, influencing overall cost calculations. Buenos Aires, for instance, boasts the lowest food cost among the cities analyzed, coming in at $47.60. Venezuela, however, remains prohibitively high for most workers, given the monthly wage is130 bolivars ($3.70). Living solo in Caracas requires a minimum of $424.96 per month.
Brazil is a moderately expensive country for independent living, along with Colombia. The average cost of independence in the two countries is nearly identical, around $639.77 and $637.60.
In Colombia, Bogotá stands out with significantly higher transportation expenses compared to São Paulo, Brazil. For students seeking to establish themselves in São Paulo, a common strategy involves residing in boarding houses and shared accommodations, offering a more economical approach to independent living.