fbpx

Peru Is The Third Cheapest Country In The Region For Foreigners

0

The study considers 200 different factors, such as transportation, food, clothing, and entertainment.

Lima is one of the most economical cities for a foreigner to live in South America, according to the annual cost of living ranking drawn up by Mercer.

“This year, the Peruvian capital fell 28 positions to 132”, said El Comercio, who also informed that this study considered cities at the business level, measuring the cost in more than 200 items, including the costs of housing, transportation, food, clothing, household goods and entertainment.

At the regional level, the positions of other cities such as Sao Paulo (58), Santiago de Chile (69) Montevideo (75), Buenos Aires (76) and Rio de Janeiro (99), place them as more expensive to live. Meanwhile, Tegucigalpa, capital of Honduras, is the cheapest city to live on (201) in the continent.

Caracas, capital of Venezuela, was excluded from the ranking because of its complex exchange situation, said El Comercio.

Lima has followed a pattern of behavior similar to that of the region: most cities in Latin America have shown a significant decline in the cost of living. This is mainly due to a combination of factors, such as the behavior of inflation with respect to 2017”, said Gabriel Regalado, CEO of Mercer Peru, according to El Comercio.

Globally speaking, Hong Kong is now the most expensive city to live in, according to this ranking. It displaced Luanda in the first position. Other expensive cities include Tokyo, Zurich, Singapore, and South Korea.

(Source)
(Cover Photo Wikipedia)

Don’t Miss:

Peru is Among the Cheapest Places to Live in the World

Comments

comments

Ermelinda is a journalist from Caracas, Venezuela. She has a Master’s degree in Digital Journalism and has recently finished a technical degree in Veterinary Assistance because of her love for animals. She likes to do sports, but especially ballet, which she has practiced for more than 17 years. Her passion is to read, write, and blog about different topics, as well as travel whenever she can.