The Cost of Living in Santiago: A Comprehensive Guide

If you’re considering moving to Santiago or you’re planning a long-term stay in the city, it’s important to understand the cost of living. Santiago is the capital of Chile and the economic, political, and cultural center of the country. The city has a population of almost 7 million, which makes it one of the largest metropolitan areas in South America. Santiago has been named as one of the most attractive cities in Latin America and is also considered one of the most modern and innovative cities in the region. However, one of the key aspects of living in Santiago is its cost of living. In this blog post, we’ll delve into the cost of living in Santiago, including essential expenses such as accommodation, food, transportation, and healthcare.

Accommodation Costs

One of the biggest expenses in Santiago is accommodation. Compared to other cities in South America, Santiago’s real estate market is relatively expensive. The rental prices in Santiago vary depending on the property’s location, size, and quality. On average, a one-bedroom apartment in a central location can cost around $500 to $700 per month, while a three-bedroom apartment can cost anywhere between $900 to $1,200 per month. Outside the city center, the rent for a one-bedroom apartment can drop to around $300 to $500 per month. If you’re planning on buying property, the cost can also vary depending on the location and the size of the apartment. The average price per square meter for an apartment in the city center is around $2,800, while outside the city center, the price drops to around $1,900 per square meter.

Food and Drinks Costs

When it comes to food and drinks, Santiago has something to offer for everyone. The city has a wide range of restaurants, cafes, and bars that cater to different budgets and preferences. Eating out in Santiago is relatively affordable, especially compared to other capital cities in South America. A meal in a local restaurant can cost around $7 to $10, while a three-course meal for two people in a mid-range restaurant can cost around $35 to $50. If you prefer eating at home, a standard grocery list for a week can cost around $30 to $50 per person. The prices of basic food items such as rice, bread, and vegetables are relatively low. However, imported food items can be expensive. For example, a kilogram of cheese can cost around $10, while a bottle of imported beer can cost around $4 to $5.

Transportation Costs

Santiago has an extensive public transportation system that includes buses, trains, and the metro. The metro system is one of the most efficient and affordable ways to get around the city. A single journey on the metro costs around $0.80 to $1.40, depending on the time of the day, while a 30-day pass costs around $42. If you prefer taking taxis, the fares are relatively affordable, especially compared to other cities in the region. A basic fare starts from around $3.50, and the average fare for a 10-kilometer journey is around $12.

Healthcare Costs

Healthcare in Santiago is relatively affordable compared to other countries in the region. The city has a mix of public and private healthcare facilities, and the quality of healthcare is generally good. The public healthcare system is free for everyone, while the private healthcare system is more expensive. The cost of private healthcare can vary depending on the medical treatment and the healthcare provider.

Additional Costs

Aside from the essential expenses such as accommodation, food, transportation, and healthcare, there are also some additional costs that you need to consider when living in Santiago. These costs include entertainment, communication services, and utilities. In terms of entertainment, Santiago has a lot to offer. The city has numerous parks, museums, and cultural events that are free or charge a minimal fee. A cinema ticket costs around $6 to $8, while a cultural event ticket can cost around $20 to $30. Communication services such as internet and mobile phone plans are relatively affordable in Santiago. A basic internet plan can cost around $20 to $35 per month, while a mobile phone plan with unlimited data can cost around $30 to $40 per month. Utilities such as electricity, gas, and water can cost around $70 to $100 per month, depending on the season.

Conclusion

Overall, Santiago is a relatively affordable city to live in compared to other capital cities in South America. However, the cost of living can vary depending on your lifestyle, preferences, and budget. By understanding the essential expenses such as accommodation, food, transportation, and healthcare, you can make an informed decision on whether Santiago is the right city for you. With this comprehensive guide, you’re now equipped with the information you need to start your new life in Santiago.