Published on : Friday, June 28, 2019
The Peruvian capital shares the fourth position with Rio de Janeiro and is placed behind Montevideo (1st), Santiago (2nd) and Sao Paulo (3rd).
Lima , with nearly 10 million inhabitants, climbs 11 places in the global ranking going from 132nd in 2018 to 121st this year.
According to the global ranking, Montevideo (70th) ranked as the costliest city in Latin America, followed by San Juan (72nd), which jumped twenty-three spots.
Other cities in Latin America that climbed on the list of costliest cities for expatriates include Panama City (93rd), San Jose (131st), and Havana (133rd) rising twenty-one, ten, and twenty-two spots, respectively.
Cities that fell in the ranking despite price increases on goods and services as well as accommodation costs are located in Brazil and Argentina.
In particular, Sao Paulo (86th) dropped twenty-eight spots. Rio de Janeiro (121st) dropped twenty-two places, while Buenos Aires (133rd) fell fifty-seven places.
It must be noted Managua (200th) is the least expensive city in Latin America.