EIU: Santiago among the Cheapest Cities Worldwide
Publicado el: 22 de marzo de 2007
Santiago, Chile is in 88th position among 130 cities according to the Economist Intelligence Unit's latest Worldwide Cost of Living survey. Latin America presents the best value for money overall, accounting for a quarter of the cheapest 30 cities. The region has the cheapest average cost of living. Average prices are less than two thirds the cost of living in New York and none of the cities in the region features in the 50 most expensive destinations.
Guatemala City (Guatemala-63rd) is the most expensive location in Latin America, having overtaken Mexico City (Mexico-68th) in the last 12 months. Mexico City and Panama City (Panama-109th) have both seen the relative cost of living fall significantly in the last 12 months as cities around them become pricier and currencies have remained weak. Rio de Janeiro and Sao Paolo (joint 79th) both rose eight places thanks to a cost of living rise of four percentage points. Asuncion in Paraguay (124th), however, remains the cheapest city in the region despite seeing its relative cost of living rise by six percentage points.
Tokyo, unseated last year as the world's most expensive destination by Oslo, has now also been overtaken by Paris, Copenhagen and London. While Asian hubs and Australasian cities remain relatively costly, other cities in the region make up most of the world's cheapest destinations. Hubs like Singapore (14th), Seoul (South Korea-11th) and Bangkok (Thailand-92nd) all saw cost of living rises. Jakarta in Indonesia saw its relative cost of living jump 12 percentage points and 27 places in the ranking to 73rd.