North vs. South: Cost of Living Comparison in the Americas

Living in the North American countries or in the South American countries poses the questions of expenses. America is known to be pricey globally. However, the truth lies deeper within.

Expensive or cheap depends on the particular region you’re talking about. The North American Continent and the South American Continent stand on two different and completely opposite hemispheres.

The cost of living is an index that takes into account various factors before calculating the figures. For instance, factors like the cost of accommodation of a particular region, its monthly food expenses per household, and so on.

Let’s dive deep into the details of each of the region’s living costs analysis.

Living in North America and Living in South America

North America is positioned exactly in the Northern Hemisphere while approaching the Western Hemisphere. North America is also known as the northern subcontinent of the Americas.

While South America is positioned entirely in the Western Hemisphere, and most of it covers parts of the Southern Hemisphere. A very small portion of South America falls in the Northern Hemisphere. It is also known as the southern subcontinent of the Americas.

North America comprises the countries of the U.S.A., Canada, Greenland, Mexico, and many more. While South America covers the countries of Brazil, Peru, Argentina, Chile, and so on.

Cost of Accommodation

Accommodation is the foremost factor of concern to live anywhere around the globe. To figure out the living expenses, one should always start from rent at the top of the list.

Rent in North American countries is known to be expensive worldwide. But the actual prices vary region-wise. For instance, accommodation costs in the U.S. for an individual are found to be around $103 while the same for Canada is around $100.

On the other hand, South American countries are known to have affordable to moderate lifestyle expenses. But the same applies here like the northern countries – region-wise variation. For instance, a 1-room apartment in Brazil inside the city center is around BRL 2,200. While the same in Peru is around PEN 1,830.

Food Expenses

Monthly expenses on food once again depend on your preference and vary accordingly. Be it in the North or the South American countries, that factor remains constant.

Food in the north is comparatively higher compared to that in the south. But it varies within the countries of the north too. For instance, food rates on a per person basis rate on an average of M$215 in Mexico. While the same in Greenland is 7% lower than its national average.

On the contrary, southern countries are said to be comparatively cheaper have countries like Argentina, where prices further differ region-wise. Urban prices are significantly higher than the rural ones. Supermarkets are cheaper than roadside food stalls. While Chile is known for cheap groceries globally.

Cost of Travel

Transportation becomes essential when you’re residing somewhere permanently, and you have a life there. Be it for work or casual outings, a medium of transportation is a necessity. However, depending on the cost of expenses for the same, some may prefer other ways, such as walking.

Travel expenses differ vividly within the Americas. Taxis in North America, for instance, in the U.S or Canada, are relatively more expensive than their public transportation systems. A $37 in the U.S. and $24 in Canada per person per day is not less for the public but quite the earning for the taxi drivers.

As for the Southern American countries, transportation costs range from affordable to moderate prices. But Argentina has only public transport compared to the rest of the South American countries who have a wide network of public transportation. Vehicles are an expensive commodity here.

Summing Up

Choice of a lifestyle plays a major role in calculating the cost of living in any part of the world. There are clear differences between the costs of living in the North and the South American continents. However, if one continent exceeds another in accommodation costs, the latter surpasses the former in food prices.

Nevertheless, the main comparison lies with the costs relevant to the salaries you work for.

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