Cost of living in Socorro
Socorro, a charming city in Colombia, offers a unique blend of cultural heritage and modern living. Understanding the cost of living here is crucial for anyone considering relocating or planning an extended stay.
This guide provides a detailed breakdown of expenses in Socorro, covering essential categories such as dining, groceries, transportation, housing, and utilities.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $4.88 on average, with a range between $2.72 and $9.08.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $27.24, with prices ranging from $14.76 to $45.4.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $6.81, with a range between $5.68 and $7.95.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $0.57 to $2.72, imported beer $1.36 to $4.09, cappuccino $0.57 to $2.27, and Coke/Pepsi $0.59 to $1.59.
Grocery Prices
- Milk - Milk is priced between $0.82 and $1.75 per liter, averaging $1.16.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.68 and $1.82, with an average price of $1.28.
- Eggs (Dozen) - A dozen eggs range from $1.23 to $3.63, averaging $2.15.
- Fruits (e.g., Apples, Oranges) - Apples cost $0.91 to $5.68 per kg, while oranges range from $0.45 to $2.72 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.34 and $1.82 per kg, and lettuce costs $0.41 to $1.09 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.87 and $0.96 per liter.
- Taxi Fares - Taxi fares start at $1.02, with a cost of $1.13 to $2.27 per km and $3.41 to $11.35 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $12,485.90 and $15,891.14, while a Toyota Corolla ranges from $18,161.30 to $27,014.94.
Housing Costs
- Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child - The cost for private preschool is between $113.51 and $454.03 monthly.
- International Primary School, Yearly for 1 Child - Yearly fees for international primary school range from $5,993.23 to $13,620.98.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $48.24 and $144.72, averaging $82.34.
- Internet - Internet services range from $17.03 to $36.32, with an average cost of $24.08.
Cost of Living Rankings
The cost of living indices for Colombia 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 Colombia, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
Restaurants
Restaurants
Markets
Markets
Transportation
Transportation
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Socorro offers a relatively affordable cost of living compared to larger Colombian cities. Dining out is inexpensive, and grocery prices are reasonable.
Transportation costs are low, especially for fuel, making it economical for car owners. However, purchasing a new car can be a significant expense.
Utilities and internet services are affordable, contributing to the overall cost-effectiveness of living in Socorro.
Conclusion
In conclusion, Socorro presents a cost-effective living environment with affordable dining, transportation, and utility costs.
While housing and education expenses can vary, the overall cost of living remains manageable, making Socorro an attractive option for both locals and expatriates.