Chile Is More Expensive Than Its Neighbors, But Incredibly Rewarding

Chile is the most developed country in South America, and some visitors refer to it as Latin America's "most European-like country." As a result, it is more expensive than its neighbors Bolivia, Peru, and Argentina, and you should check the current exchange rate before traveling to Chile (the local currency is the Chilean peso). Even so, you'll be pleasantly pleased by the pricing, which are 30% to 40% less than in Europe or North America. Of course, your budget will vary greatly based on the time period and the level of comfort sought.

To give you an idea, restaurant costs are comparable to those in the United States for similar-level establishments. Prices differ greatly from one location to the next (for instance, prices in Patagonia are usually higher than the ones in central Chile). But, whether it's for the meals or the trips, you almost always receive more than you pay for! Chilean cuisine is superb, and the guides and travel experiences are both really rewarding.

Don't worry if you're on a tight budget! Alternatives include modest restaurants and delectable street cuisine, as well as more accessible vacation experiences.