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    Cost of Living In Chile

    The Cost of Living In Chile

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        Cost of Living In Chile

        The cost of living in Chile is reasonable. The prevailing stereotype is that Chile is expensive, especially Santiago. And, indeed, there are better places to settle if budget is a critical consideration.

        Kathleen

        Reviewed By Kathleen Peddicord

        Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

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            But is it truly that expensive? You might be surprised. Take a look at these popular expat destinations, using consumer prices (excluding rent) from crowd-sourced Numbeo:

            • The cost of living is 14% higher in Panama City than in Santiago
            • Montevideo, Uruguay, is a hefty 23% higher

            To give a North American frame of reference, check out these cities:

            • You’ll spend about 32% more to live in Phoenix than in Santiago
            • 33% more to live in Portland, Oregon
            • 66% more to live in Vancouver, British Colombia

            However, despite its many advantages (including the relatively low cost of real estate), Chile is not the cheapest option around for retiree expats.

            Expats report that the cost of living in Chile is a great value.

            You might say, you get what you pay for. Chile offers a near-First World lifestyle for less overall than you’d pay in North America or Europe.

            Many basic goods, such as groceries and some household expenses, cost about the same in the U.S. and in Chile.

            Eating out in a decent restaurant in La Serena runs US$20 to US$25 per person, including wine.

            Medical care costs less than in the U.S: A doctor’s visit runs US$60 to US$80, though several expats mentioned that the quality of care for both medical and dental work is not as high as that in the U.S. Health insurance is also scarce (BUPA International was the insurer mentioned most often.)

            Check the currency conversion at today’s exchange rate.

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              Penny-Pincher´s Budget

               
              Item Cost
              Rent CLP 250,000 – CLP 500,000
              Transportation (bus, taxi etc) CLP 20,000
              Gas (cooking/heating) CLP 7,000
              Electricity CLP 60,000
              Water CLP 35,000
              Telephone CLP 20,000
              Internet CLP 25,000
              Cable TV CLP 15,000
              Entertainment CLP 50,000
              Groceries CLP 75,000
              Total CLP 557,000 – CLP 807,000

              Apartment or House Rental Budget (for a couple)

               
              Item Cost
              Rent CLP 400,000 – CLP 700,000 (2 bedroom)
              Transportation (bus, taxi etc) CLP 20,000
              Gas (cooking/heating) CLP 7,000
              Electricity CLP 60,000
              Water CLP 35,000
              Telephone CLP 20,000
              Internet CLP 25,000
              Cable TV CLP 15,000
              Household Help CLP 70,000
              Entertainment CLP 100,000 – CLP 200,000
              Groceries CLP 120,000
              Gym Membership CLP 30,000
              Medical Appointment CLP 30,000
              Total CLP 902,000 – CLP 1,302,000

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                Apartment or House Ownership Budget (for a couple)

                 
                Item Cost
                Rent CLP 400,000 – CLP 700,000 (2 bedroom)
                Transportation (bus, taxi etc) CLP 20,000
                Gas (cooking/heating) CLP 7,000
                Electricity CLP 60,000
                Water CLP 35,000
                Telephone CLP 20,000
                Internet CLP 25,000
                Cable TV CLP 15,000
                Household Help CLP 70,000
                Entertainment CLP 100,000 – CLP 200,000
                Groceries CLP 120,000
                Gym Membership CLP 30,000
                Medical Appointment CLP 30,000
                Total CLP 902,000 – CLP 1,302,000
                Kathleen

                Reviewed By Kathleen Peddicord

                Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

                Start Your New Overseas Life Today

                A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today 2024






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                  Cost of Living In Chile- FAQs

                  Chile’s cost of living is among the highest in South America, yet it is still very budget-friendly for those used to U.S. prices. Most couples can plan to spend under US$2,000 monthly, which includes rent, food, insurance, and other costs.

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