City cost index Latin America & Caribbean 2022

As of 2022, San Juan ranked as the second Latin American and Caribbean metropolis with the highest cost of living index. The Puerto Rican capital obtained an index score of 70.14, only second to Nassau, in the Bahamas, with 85.98 points. Port of Spain and Panama City were the third and fourth most expensive cities to live in Latin America and the Caribbean that year, with scores surpassing 55 points each.

Most expensive cities to live in Latin America and the Caribbean in 2022 (based on index score)

Characteristic	Index score*
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Release date

November 2022

More information

Region

Central and South America

Survey time period

2022

Special properties

as of mid-year

Supplementary notes

* The source uses New York City as the base for the calculation, which means that for New York City, each index should be 100(%). The difference between New York City's score and each listed city's indicates the difference in percentage between prices of both cities. For example, the cost of living in San Juan de Puerto Rico according to this ranking is 29.86 percent lower than the cost of living in New York City, since San Juan has an index score of 70.14.
The source defines the cost of living index as "a relative indicator of consumer goods prices, including groceries, restaurants, transportation, and utilities. The cost of living index doesn't include accommodation expenses such as rent or mortgage."
Further information about the index methodology can be found here.
The release date is the date of access.

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