Costs of living in Chile
In Chile, living costs are not influenced by living costs in neighboring countries such as Peru or Bolivia. You should have a sufficient budget if you plan on moving to Chile since, contrary to popular belief, the cost of living here is almost the same as in western countries. Although the average salary in Chile is US$ 780, it isn’t easy to live on this amount of money in Santiago.
We provide an overview of the cost of living in Chile below, using Santiago as a benchmark. You can quickly reduce your budget by 30% if you live in a provincial city, especially housing, as housing is usually cheaper.
Cost of housing in Chile
The purchase price.
Santiago, Chile’s capital, has an average price per square meter of US$ 2300. US$ 1600 can go as low as US$ 1600 and as high as US$ 3000, depending on the location and time of year. Chileans use a unit of account called the UF to calculate real estate prices: in April 2019, 1 UF was worth $ 27,500, which is the equivalent of $ 42. The UF is often used to price houses and apartments for sale. In the same way, some properties are rented, especially the most upscale ones.
The rental rate.
The cost for a furnished room in Santiago is between $250,000 and $300,000 (US$ 370-450), inclusive of all charges. The apartment in Providence costs between $ 420,000 and $720,000 (US$ 630-1130). In Vitacura, a 2-bedroom apartment with furniture will cost between $ 1,300,000 and $ 2,000,000 (US$ 1970-3040). A furnished house in Vitacura costs between US$ 2,250 and $3,500,000 (about 1,500,000-2,500,000).
Cost of transport in Chile
Those who want to buy or rent a car in Chile can consult our articles on this topic, where prices and procedures are discussed. The cost of gasoline in Chile is approximately US$ 1,20 per liter. To take public transportation in Santiago, you must purchase a metro card, which is called the BIP card and costs US$ 2.25. After buying the BIP card, you can reload it with whatever amount you want. A round-trip metro ticket costs around US$ 2.25, depending on the time of day.
Cost of food In Chile
Both imported and locally produced food is available at supermarkets. Although Jumbo offers the most choices, its prices are the highest. Most supermarkets (Lider, Unimarc) offer lower prices, except imported goods. However, if you buy fresh products in the market, the cost will be much lower: you can find cheap fruits and vegetables at La Vega, Santiago’s most important market.
Cost of restaurants in Chile
In Santiago, a pint in a bar is around US$ 3.4. The cost of a coffee on a terrace is around US$ 3. In terms of the price range, there are many options: from the affordable local Tip y Tap restaurant, which has no less than ten locals in Santiago, and whose specialty is the crude, a sort of beef tartare on toast seasoned with lemon juice, herbs, and mayonnaise; to Karai, the first Chilean restaurant of Mitsuharu ‘Micha’ Tsumura, the chef of Maido in Peru, 8th best restaurant in the world in 2017 and first in Latin America.
Cost of health in Chile
Private health care is typically available in Chile. If you work with a local contract in Chile, you must subscribe to a health plan: approximately 7% of your gross monthly income will go to your health insurance. Medical checkups at home cost about $ 50000 (US$ 75).
Cost of sport in Chile
There are many ways to do sports in Santiago, whether for free or not. To promote free sport in Chile, the government has launched CicloRecreoVia. From 9 am to 2 pm on Sundays, several streets in Santiago are closed to traffic and devoted to sports and recreational activities.
Walkers, runners, and cyclists take precedence over cars. Santiago has many private clubs whose annual dues and membership fees are very variable in terms of paid sports clubs. Los Leones Golf Club, for example, is a prestigious and expensive club in Santiago (tens of thousands of dollars just for membership).
Budget-conscious people may be interested to know that most municipalities in Santiago offer workshops at discounted rates (for example, about $5,000 in Las Condes for a month). The workshops offered by the Municipality of Las Condes include art (pottery, mosaic), dance, sports (volleyball, Pilates, taekwondo), cognitive and memory activities (memory stimulation and exercises), games workshops, cooking, languages, gardening, music, and drawing classes. For a representative sample, you can see the list of workshops offered by the Municipality of Las Condes here.
Cost of travel/vacations in Chile
When traveling with a travel agency, make sure to set a reasonably large budget if you are going to very touristy places, such as Patagonia and the Atacama Desert. If you are looking for accommodation in Chile, you will have a lot of options! Local hotels, breakfast included, can be found for less than US$ 23 per night.
As a result of the country’s geography, buses and planes are the most convenient means of transportation. Chile’s bus network is very developed, and it is the most widely used mode of public transportation. The average cost of the bus is US$ 30 for 1000 kilometers, so it is pretty affordable! Plane tickets are available at reduced prices during Black Friday. The cost of renting a car is around US$ 56 per day (US$ 34 for a city car, US$ 80 for a 4*4), plus US$ 15 in gasoline for every 100 kilometers.
FAQs (Frequently Asked Questions)
- What is the cost of living in Chile?
The cost of living in Chile is affordable compared to most developed nations.
- Are houses in Chile expensive?
Santiago, Chile’s capital, has an average price per square meter of US$ 2300. Based on the location and time of year, it may be as low as US$ 1600 or as high as US$ 3000. House and apartment prices are usually quoted in UF.
- How much does a house cost on average in Chile?
Santiago has an average home price of $255,000 for a three-bedroom, two-bathroom home (compared with $170,000 elsewhere in the country), according to Mr. Dan*s.
- Do cars cost less in Chile?
Chilean cars are often more expensive than cars in Europe, for example. Older cars are more expensive in South America because, unlike in Europe, vehicles in South America are fixed by mechanics rather than thrown away as they do in consumer society.