Yes, substantially. Chileโs moderate single-person benchmark of $1,825 a month is roughly 52 percent of the US average of $3,525. Housing in Santiago runs 50 to 70 percent below US metro equivalents, and rental costs outside Santiago sit lower still. Groceries (especially fresh produce and local meat) run 30 to 45 percent below US prices; restaurant meals and services run 50 to 65 percent below. The narrower categories are electronics and imported branded goods (often comparable or slightly more expensive due to import duties) and fuel (broadly similar to the US). For Americans moving from a high-cost US metro the gap is dramatic; from low-cost US states it narrows but remains meaningful. Chileโs healthcare and public infrastructure rank among the strongest in Latin America. For the full breakdown, see our Chile cost of living page.
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Is it cheaper to live in Chile than the USA?
Country Latin America
Updated July 2026