Today’s post will be focused on the current average and minimum salary in Santiago, Chile, as well as other economic topics related to the city.
Are you considering investing or working in Chile? Check below the latest date for the average and minimum salary in Santiago, with an overview on the Chilean economy.
Santiago is one of the cities with the highest standard of living in South America, attracting people and tourists worldwide. This post featuring salaries in the Chilean capital will help you to understand how the income situation in the country is. This can also be helpful for travelers willing to visit Chile, and people willing to move to Santiago.
Minimum Salary in Santiago, Chile
The minimum salary in Santiago, Chile, established by the Chilean government on March, 2019 is 301.000 CLP, which equals to roughly 433 USD as of January 2019. This minimum salary is also applicable to the whole country.
This is the third highest minimum salary in South America, being Argentina and Ecuador the first two.
Average Salary in Santiago, Chile
According to Numbeo, the average net monthly salary is roughly 795 USD (552000 CLP).
This figure is tremendously high in comparison to Quito, the capital of Ecuador, whose average salary is 496 USD.
Unfortunately, the cost of living in Santiago is far from being proportional to the income it offers: the rent of an apartment with one bedroom in the center costs 457 USD, which is not appealing at all if you’re planning to move.
If you are still willing to move to the country, Valparaíso is another option with slightly lower incomes but cheaper rents, besides its unique landscapes.
Santiago, Chile Economic Outlook
Even though its cost of living is high, Santiago is the industrial and financial center of Chile, generating 45% of the country’s GDP. Therefore, job prospects are also high, in a mini metropolis that has shown a steady economic growth over the last decades.
Besides a metro with 100 stations along the city and Transantiago, the public transport system, with more than 11,000 bus stops; Santiago also offers the first least expensive taxi start of America, which equals to 0.45 USD.
Santiago is also one of the safest cities in South America, and has a pretty mild climate. Chile as a whole offers some of the best infrastructure for expats looking to find employment or start a business in South America.
Interesting Resources for Working and Living Abroad
Are you really considering to work and live abroad, temporarily or permanently? Below are some resources that might be useful for you around the web:
World Nomads: this company provides travel insurance in most countries around the world, and it might be a good option if you going for a long travel.
TransferWise: A great way to send money abroad paying lower fees.
Booking.com:Booking.com is the best choice for finding accommodation for your next trip, with a wide variety of choices for all types of travelers.
You may also want to check our website guides:
Train Travel Guide: in our railway travel guide, you will learn how to choose and ride the most scenic train routes around the world, always in the most comfortable way with optimal prices to enhance your travel experience.
Dating Guide: our dating guide will help you not only to find love but to understand the social customs of each country. It will also help you to avoid dating scams around the internet and find people really interested in honest relationships.
Work Abroad Guide: Learn how to find a job and employment requirements in different countries. From the initial job search, to bargaining salaries, this guide will help you to find job in most countries around the world. It also covers about remote work and TEFL jobs.