Be aware of the best rates as we explore these 7 cheapest countries to live in South America. One of the major things to consider when travelling or moving to another country is cost. If we are unprepared, we may get caught in a deep financial problem by not having enough money to be able to live normally. Whether you’re visiting for short or long term it’s important to know what the best rates are and how to get the most out of your money while still being able to have extra funds to use for splurges and entertainment.
People who often travel and those who want to switch countries often should consider the cheapest places to be in. This is because some countries and cities can have drastically different prices compared to others, all as a result of different factors like inflation, demand and even popularity. If you’re planning to look at some places in Europe, then be sure also to check out our list of 10 Cheapest Countries to Live in Europe. The general fees and cost of living are the ones to be most considered as they are the things that we spend unavoidably.
This list is ranked based on how much you’d spend on an average day in the country. It takes into account transportation, food, extra funds and also cheap rentals and hotels if you’re only looking to stay short term. Let’s find out more as we explore these 7 cheapest countries to live in South America.
7. Argentina
Average Daily Costs: $44/day
Argentina is probably the country you’d want to visit if you want something similar to Europe. The country has a lot of similarities with places like Spain. The problem is that prices have been seeing a gradual increase in recent years due to the currency problems Argentina is having. Inflation is definitely a noticeable thing and the country is having a hard time regaining ground on their economy.
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6. Colombia
Average Daily Costs: $42/day
Colombia has been slowly and surely adding up its tourism value and popularity in recent years. The country is generally safe and very tourist friendly, which attracts a lot of people. Prices are similar in all places though you may see differences in resorts or larger cities. Cartagena is one of the most visited places in the country.
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5. Uruguay
Average Daily Costs: $42/day
Many can consider the environment of Uruguay to be similar to that of Argentina. The costs, however, are quite different as the country has relatively cheaper amenities. Beach resorts in the country can be a little more expensive. The one thing that may concern some people is the fact that there isn’t really much to see or do unless you have a specific place or goal in mind.
4. Chile
Average Daily Costs: $40/day
Chile may not be quite as affordable or cheap compared to other countries in South America. However, compared to some cities in America or countries in Europe it is definitely cheaper. Those looking for bargains may want to consider staying here for a while. The place has a lot of natural and modern sights and attractions to visit and experience.
The most affordable places in the region are found as we continue this list of 7 cheapest countries to live in South America.
3. Peru
Average Daily Costs: $30/day
Peru is known for such a rich culture and a lot of historical sites. Despite the popularity of the country, one may find that cost of living here is very affordable. One thing that you may need to be aware of is the cost of their main attractions like the famous Machu Picchu ruins.
2. Ecuador
Average Daily Costs: $23/day
Ecuador may not be the easiest country to travel to, but it definitely is one of the cheapest. You may even opt to live in a city like Quito who is well-known for the high-altitude and amazing weather. You’ll find low prices for almost everything which makes Ecuador a good choice for those wanting to go cheap.
1. Bolivia
Average Daily Costs: $22/day
The title for the most affordable country to live in has amazing weather. Bolivia is definitely the destination for the cheapest costs. , However, one may have to stay within city limits as there are infrastructure and amenity problems with regions outside of city advancements. That may be a problem for a few of us.
This has been the list of 7 cheapest countries to live in South America. If you’re looking for countries to stay at, then these are best places to consider.
