Some of these cities also appear among those that offer the best quality of life despite the high cost of living
by the ElRreportero’s wire services
A silent and even overwhelming trend for many of its residents is consolidating in the most striking urban centers of Latin America and the Caribbean: the continued increase in the cost of living in cities where not everyone can stay and which are increasingly coveted by locals and foreigners alike.
According to various portals that have compiled information on this topic, the global political and economic climate, international conflicts, and the aftermath of the coronavirus pandemic have made living in certain cities in the region increasingly difficult due to the high cost of living. According to an assessment reported by Statista, the five most expensive cities in Latin America and the Caribbean are: Mexico City, San José (Costa Rica), Montevideo (Uruguay), San Juan (Puerto Rico), and Buenos Aires (Argentina).
An interesting fact, the aforementioned website highlights, is that Mexico, Costa Rica, and Uruguay, where the most expensive cities to live are located, are also the countries in the region that offer the best quality of life in Latin America, referring to issues such as employment, salaries, transportation, food, and entertainment.
However, other information sites include the tourist resort of Nassau, Bahamas, above Buenos Aires. Below the top five are other cities such as: Santiago de Chile, Panama City, Guatemala City, Monterrey (Mexico), Sao Paulo (Brazil), Caracas (Venezuela); Bogotá (Colombia), among others. According to media reports, regarding home purchases, the average square meter in Mexico City is $3,533; followed by Buenos Aires with an average of $2,699; Santiago, $2,633; Sao Paulo, $2,604; Rio de Janeiro, $1,984; and Bogotá, $1,781.
Regarding monthly rent for a three-bedroom apartment, Mexico City remains in first place with an average of $2,121; Sao Paulo, $1,291; Buenos Aires, $1,166; Santiago, $989; Rio de Janeiro, $852; and Bogotá, $815. For one-bedroom apartment rent, Mexico City leads the way at $1,002; followed by Sao Paulo with $668; Buenos Aires, $648; Santiago, $509; Bogotá, $451; and Rio de Janeiro, $438.
