How much money do you need per month to travel in South America? (2024)

How much money do you need per month to travel in South America?

South America on a BACKPACKING BUDGET

How much money should you have to travel for a month?

If you know what you're doing, your travel budget can be as low as $50 a day. The amount is going to vary wildly depending on where you want to travel, and how thrifty you are. But for long-term budget travel, I usually recommend planning to spend at least $1500 per month.

How much money would you need for a month in America?

How Much Spending Money You'll Need in the USA for 1, 2 or 4 Weeks
Spending Money1 week1 month
BudgetUS$750-1200US$3200
Mid-RangeUS$2000US$8500
LuxuryUS$5700US$25,000
Sep 11, 2023

How much money do you realistically need to travel?

Average Costs for a 3-Day Vacation
For an IndividualFor a Family of Four
3 Nights at a Mid-Range Hotel$501.48$501.48
3 Day Car Rental$147.51$147.51
3 Days of Restaurant Meals$312.90$1,251.60
TOTAL COST$1,389.09$3,609.39
1 more row
Jun 13, 2023

How much money do you need to live in South America?

Minimum monthly cost of living in selected Latin American countries in 2023 (in U.S. dollars)
CharacteristicMinimum cost of living in U.S. dollars
Brazil675
Bolivia690
Peru693
Venezuela770
9 more rows
Sep 12, 2023

How much money do you need to travel for 6 months in South America?

A good rule of thumb is you'll need about $1100 a month for traveling on a budget in South America (for one person). Of course, your average could get a lot lower if, say, you end up staying in a rural village in Bolivia to volunteer.

Can you travel on $1000 a month?

To Travel for Under $1000 a Month, You Need to Travel Slowly. Slow travel is great for SO many reasons, but one of them is that it's simply cheaper. Think about it, if what you have to work with is a two-week vacation and you're bouncing from country to country, you're going to spend a lot of money on transportation.

Is $20,000 dollars a month good in US?

A $20,000 salary is above the poverty line for an individual or a couple, but if you are a family of three or more people living on a $20,000 salary, the government considers you to be below the poverty line. These numbers do not consider factors like variable cost of living.

Is 3000 dollars a month enough?

The Bottom Line. For a single person, $3000 is enough, considering you stay on top of your personal finance, maintain a monthly budget, and try to save more money.

Is $10,000 dollars a month good in US?

Is making $10,000 a month good? Yes, most people would consider $10,000 a month to be a good income. If you earn $10,000 a month, your gross income will be $120,000 a year. For the average person, that's more than enough to live on, and you'll likely be able to build a healthy savings with that income as well.

Is $20000 enough to travel the world?

All that being said, it seems like a lot of travelers can travel the world for a year for just around $20,000, or about $50 per day. You can expect a similar cost, about $50 per person per day, if you're traveling as a couple or traveling the world for a shorter amount of time, like 6 months.

How much cash should you travel with internationally?

The general consensus is that you should have $50 to $100 in cash per day for each traveler.

Is $3000 enough to travel?

$3000 for 21 days is nearly US$143 per day. That's heaps enough for budget travel. In many parts of the world you can get by comfortably on US$50 per day.

How much money do you need for 4 months in South America?

South America on a BACKPACKING BUDGET

-A Comfortable backpacker's budget when sleeping in a hostel dormitory bed, cooking for yourself or eating in cheap local restaurants, being selective on activities and traveling with public transport should be around $35 per day, so $1000 per month.

Which South American country is the safest?

Uruguay. Sitting at the top of the pile of safest South American countries is Uruguay. According to the 2022 Global Peace Index, Uruguay ranks 46th out of the world's 163 nations.

What is the most expensive country in South America?

The 10 Most Expensive Latin American Countries in 2023
  • Uruguay. Uruguay is often thought of as the most developed Latin American country, so it's no surprise that it's also the most expensive, with a minimum monthly cost of living of $1,143. ...
  • Chile. ...
  • Costa Rica. ...
  • El Salvador. ...
  • Guatemala. ...
  • Mexico. ...
  • Venezuela.
Oct 17, 2023

How much does it cost to spend a month in South America?

South America Monthly Backpacking Budget
ExpenseAverage Cost (Per Day)Monthly Spend
Food$8 - 10$240 - 300
Transport$2 - 5$60 - 150
Activities$15 - 25$450 - 750
Total$33 - 50$1000 - 1500
1 more row
May 2, 2021

How much would 2 months in South America cost?

To travel to South America for 2 months you need between $2000-$3000. If you wish to travel South America on a backpacker budget, then $1000 a month is a good rule of thumb. You will need to eat at local markets most days, stay in the cheaper backpacker hostels and stick to local overnight buses for any long journeys.

What time of year is cheapest to go to South America?

Summer is the greatest time to explore the continent's southernmost regions (such as Patagonia). The shoulder seasons of Spring and Autumn are the most affordable periods to visit South America.

Can I fly with $2000 cash?

You can fly with any amount of cash. No law prohibits you from bringing any amount of money on a flight. Likewise, TSA has no rules that limit how much money you can bring through security. In other words, TSA has no cash limit per person.

Can I fly with $5000?

Yes, there is no limit to how much money you can take with you on domestic flights, but you should be prepared to answer the TSA questions if carrying a large sum of cash with you.

Where can I live on $500 dollars a month?

5 Places to Retire for Under $500 per Month
  • Leon, Nicaragua. ...
  • Medellin, Colombia. ...
  • Las Tablas, Panama. ...
  • Chiang Mai, Thailand. ...
  • Languedoc-Roussillon, France. ...
  • Kathleen Peddicord is the founder of the Live and Invest Overseas publishing group.
Apr 11, 2011

Is $2000 a month enough?

According to Maslyk, living comfortably on less than $2,000 per month during retirement is challenging. He emphasizes that even with a paid-off house, essential monthly costs can amount to about $1,200 per month. This includes expenses like utilities, internet, insurance, property taxes, maintenance and improvements.

Is $2000 a month good?

Living on $2,000 per month is doable, but you won't be able to live just anywhere. This is important because at the time of writing the average Social Security benefit paid is $1,701 per month.

Can you live off 40k a year?

It is possible to live individually on a $40,000 income. In fact, you may be able to afford the average monthly expenses for a single person and work on your saving and investing goals. Your location will have the largest impact on how far your dollars will stretch.

References

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