Purchasing power by city Latin America & Caribbean 2023

As of 2023, four out of ten Latin American and Caribbean cities with the highest local purchasing power were located in Mexico. With an index score of 49.5, people in Queretaro had the highest domestic purchasing power in Mexico. In South America, the city with the highest domestic purchasing power for 2023 was Montevideo, scoring 43.9 index points.

Cities with the highest local purchasing power in Latin America and the Caribbean in the first half of 2023 (based on index score)

Characteristic	Index score*
George Town (Cayman Islands)	65.1
Querétaro (Mexico)	49.5
Monterrey (Mexico)	47.9
Montevideo (Uruguay)	43.9
San Juan (Puerto Rico)	43.6
Puerto Vallarta (Mexico)	43.1
Tijuana (Mexico)	41.7
Guadalajara (Mexico)	41.3
Guayaquil (Ecuador)	41
Trinidad (Trinidad & Tobago)	40.6

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Release date

October 2023

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Region

Central and South America, Mexico

Survey time period

2023

Supplementary notes

* The source defines local purchasing power as "purchasing power in buying goods and services in a given city for the average net salary in that city." Using New York City as the base for the calculation, with a maximum score of 100 in the ranking, the source explains that "if the domestic purchasing power is 40, this means that the inhabitants of that city with an average salary can afford to buy on an average 60 percent less goods and services than New York City residents with an average salary."
Further information about the index methodology can be found here.
The release date is the date of access.

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