Cost of living in Arica
Arica, a coastal city in northern Chile, offers a unique blend of cultural heritage and modern living. Understanding the cost of living in Arica is crucial for anyone considering relocating or visiting.
This guide provides a detailed breakdown of expenses in Arica, including dining, transportation, clothing, and more, to help you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Water (0.33 liter bottle) - A 0.33 liter bottle of water costs approximately $1.24.
Transportation
- Public Transport (One-Way Ticket) - A one-way ticket for local transport is priced at $0.72.
Clothing and Shoes
- 1 Pair of Jeans (Levis 501 Or Similar) - A pair of jeans costs around $41.18.
- 1 Summer Dress in a Chain Store (Zara, H&M, ...) - A summer dress from a chain store is priced at $20.59.
- 1 Pair of Nike Running Shoes (Mid-Range) - Nike running shoes cost between $41.18 and $66.92, averaging $54.05.
- 1 Pair of Men Leather Business Shoes - Men's leather business shoes are priced at approximately $92.66.
Salaries and Financing
- Average Monthly Net Salary (After Tax) - The average monthly net salary in Arica is $514.78.
- Mortgage Interest Rate (Yearly, Fixed-Rate) - The mortgage interest rate for a 20-year fixed-rate loan is 5%.
Cost of Living Rankings
The cost of living indices for Chile are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Chile, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
Restaurants
Restaurants
Transportation
Transportation
Clothing And Shoes
Clothing And Shoes
Salaries And Financing
Salaries And Financing
"Key Takeaways"
Arica offers affordable public transportation and reasonably priced clothing options.
The average salary in Arica is relatively low, which may impact overall affordability for residents.
Understanding local expenses is essential for budgeting effectively in Arica.
Conclusion
In conclusion, Arica presents a cost of living that balances affordability with the unique lifestyle of a coastal Chilean city.
While transportation and clothing are reasonably priced, potential residents should consider the average salary levels when planning their finances.