Colombia, among the cheapest countries for foreigners to live in Latin America
Portafolio Journalist 18.02.2026 10:54 Updated: 18.02.2026 18:15
TL;DR
- Colombia ranks 118th globally in the Global Cost of Living Index 2026.
- It is the fifth most economical country to live in within Latin America.
- Colombia's cost of living score is 31.7, with New York City as the base (100).
- The global median cost of living score is 30.8.
- Countries like Bermuda, Cayman Islands, and the US Virgin Islands have significantly higher costs of living.
- Switzerland and Singapore are among the most expensive economies in the world.