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Compare cities › Latin American Cities
Latin American Cities: Cost of Living Compared 2026
Monthly cost, daily budget and everyday prices — meals, coffee, taxis, rent — for 6 cities in one table. · Updated October 2026
🇲🇽 Mexico CityMexico
🇨🇴 MedellínColombia
🇨🇴 BogotáColombia
🇵🇪 LimaPeru
🇲🇽 GuadalajaraMexico
🇧🇷 Rio de JaneiroBrazilBogotá has the lowest monthly cost
A month in Mexico City pays for about 61 days in Bogotá
1🇨🇴 Bogotá$1,685/mo$94/daylowest2🇨🇴 Medellín$1,812/mo$90/day+8%3🇵🇪 Lima$1,835/mo$103/day+9%4🇲🇽 Guadalajara$2,261/mo$116/day+34%5🇧🇷 Rio de Janeiro$2,444/mo$149/day+45%6🇲🇽 Mexico City$3,443/mo$177/day+104%Ranked by monthly cost (stay + living) · % vs the cheapest · tap a city for its price guide
Prices item by item
| 🇲🇽 Mexico City | 🇨🇴 Medellín | 🇨🇴 Bogotá | 🇵🇪 Lima | 🇲🇽 Guadalajara | 🇧🇷 Rio de Janeiro | |
|---|---|---|---|---|---|---|
| Per day | $177 | $90 | $94 | $103 | $116 | $149 |
| Per month | $3,443 | $1,812 | $1,685 | $1,835 | $2,261 | $2,444 |
| Local meal | $8.6MX$ 160 | $3.9COL$ 16,000 | $3.9COL$ 16,000 | $5.41S/ 20 | $5.38MX$ 100 | $7.78R$ 42 |
| Restaurant dinner | $24.2MX$ 450 | $13.9COL$ 57,000 | $13.4COL$ 55,000 | $15.9S/ 59 | $16.1MX$ 300 | $22.2R$ 120 |
| Coffee | $3.76MX$ 70 | $2COL$ 8,200 | $1.83COL$ 7,500 | $3.24S/ 12 | $3.23MX$ 60 | $2.22R$ 12 |
| Beer | $3.23MX$ 60 | $1.59COL$ 6,500 | $1.95COL$ 8,000 | $2.7S/ 10 | $2.96MX$ 55 | $2.59R$ 14 |
| Water 500 ml | $0.81MX$ 15 | $0.61COL$ 2,500 | $0.61COL$ 2,500 | $0.59S/ 2.2 | $0.75MX$ 14 | $0.83R$ 4.5 |
| Taxi 5 km | $5.38MX$ 100 | $3.41COL$ 14,000 | $3.41COL$ 14,000 | $3.24S/ 12 | $4.03MX$ 75 | $4.63R$ 25 |
| Transit ride | $0.27MX$ 5 | $1.07COL$ 4,400 | $0.87COL$ 3,550 | $0.86S/ 3.2 | $0.59MX$ 11 | $0.93R$ 5 |
| Hotel night | $102MX$ 1,900 | $48.8COL$ 200,000 | $53.7COL$ 220,000 | $54.1S/ 200 | $64.5MX$ 1,200 | $83.3R$ 450 |
| Studio rent / mo | $1,022MX$ 19,000 | $537COL$ 2,200,000 | $488COL$ 2,000,000 | $473S/ 1,750 | $645MX$ 12,000 | $556R$ 3,000 |
| Massage 1 h | $37.6MX$ 700 | $19.5COL$ 80,000 | $19.5COL$ 80,000 | $24.3S/ 90 | $26.9MX$ 500 | $31.5R$ 170 |
| SIM 1 week | $10.8MX$ 200 | $8.05COL$ 33,000 | $6.1COL$ 25,000 | $8.11S/ 30 | $10.8MX$ 200 | $7.41R$ 40 |
Green = cheapest for that item · top: US$, below: local price
Change or add cities and compare yourself ›Compare on my lifestyle in the appCheapest city for each item
- Local meal: 🇨🇴 Medellín ($3.9)
- Restaurant dinner: 🇨🇴 Bogotá ($13.4)
- Coffee: 🇨🇴 Bogotá ($1.83)
- Beer: 🇨🇴 Medellín ($1.59)
- Water 500 ml: 🇵🇪 Lima ($0.59)
- Taxi 5 km: 🇵🇪 Lima ($3.24)
- Transit ride: 🇲🇽 Mexico City ($0.27)
- Hotel night: 🇨🇴 Medellín ($48.8)
- Studio rent / mo: 🇵🇪 Lima ($473)
- Massage 1 h: 🇨🇴 Medellín ($19.5)
- SIM 1 week: 🇨🇴 Bogotá ($6.1)
Medellín is cheapest on 4 of 11 items.
Head-to-head comparisons
🇲🇽 Guadalajara vs 🇲🇽 Mexico City🇲🇽 Mexico City vs 🇧🇷 Rio de Janeiro🇨🇴 Bogotá vs 🇨🇴 Medellín🇵🇪 Lima vs 🇨🇴 Medellín🇨🇴 Bogotá vs 🇵🇪 Lima🇲🇽 Guadalajara vs 🇧🇷 Rio de Janeiro
FAQ
Which of these 6 cities is cheapest?
By monthly cost, Bogotá is lowest at about $1,685 and Mexico City highest at about $3,443. For a travel day, Medellín is $89.6 and Mexico City $177.
How big is the monthly cost gap?
A month's spending in Mexico City lasts about 61 days in Bogotá. Figures combine a short-term studio with food, transport and daily costs.
Where do the numbers come from?
They start as estimates informed by published price levels; any item with 3+ traveler reports switches to the median of real reports.
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