Colombian cities with the lowest cost of living in Latin America – Personal Finance – Economy

Colombian cities with the lowest cost of living in Latin America – Personal Finance – Economy

The Global Livability Index 2023 He identified the world’s cities with the greatest and least habitability around the world.

To make the calculation, Numbeo identified data such as the value of mortgages, goods, services, restaurant prices and the minimum wage for each region, taking into account 549 cities.

The Latin American cities with the highest cost of living are Montevideo, Santiago, Chile and Georgetown.

Thus, they identified that the cities with the highest cost of living are Hamilton (in Bermuda, with 140.4 points), Basel (Switzerland, 130 points) and Zurich (also in Switzerland, with 128.5 points).

On the Latin American side, The cities with the highest cost of living in the region are Montevideo, in Uruguay; Santiago, in Chile; and Georgetown, in Guyana.

(In addition: Caldas is at the top and La Guajira, last in the escalation of food insecurity).

According to the data, the most expensive is Montevideo, with 61.2 points; followed by Santiago, with 52.5; and Georgetown, which has 46.1 points.

Surprisingly, and despite the inflation figures, Among those with the lowest cost of living in Latin America there are three Colombian cities: Bogota, with 29.3 points; Bucaramanga, which accumulates 26.4; and Barranquilla, with a score of 22.6.

Similarly, Bogotá is, of the three cities, where there is the lowest purchasing power (with 27.6 points), followed by Barranquilla (29.1) and Bucaramanga (29.6).

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By Mitchell G. Patton

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