In Colombia and like everywhere in the world, knowing the level of monthly income of the population is key to working on fair measures for the most vulnerable sectors and knowing the living conditions of citizens. In this line, A study can reveal how much a person in the country must earn ‘to live well’.
How much does it cost to live comfortably in Colombia?
How much money do you need to live adequately.
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According to a report carried out by the University of Antioquia revealed that a Colombian could live without complications with a figure close to 546 dollarsapproximately two and a half million pesos with which you can pay for everything related to public services, home, health, transportation and food.
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“In perspective, the monthly cost of living in Colombia is lower compared to other Latin American countries such as Mexico, Venezuela, Peru, Brazil and Argentina, where citizens must have an income greater than $600 dollars,” indicate.
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You must take into consideration that currently the minimum wage in our country is $1,300,000 (323 dollars), a figure that could not cover one month’s expenses.
How much monthly money does it take to live in Colombia?
The amount of money necessary to live peacefully in the country.
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Now, with the idea of being able to properly organize your finances, you must take into consideration the values that we will provide below.
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As reported by Expatistan, a Colombian family made up of 4 people was able to survive with income close to $9,251,986 pesos. They also mentioned that the cost of the country is quite economical and that it is the third cheapest territory among Latin American countries.
Per person, the price would be estimated at $4,385,157, taking into consideration that their way of life was related to the acquisition of goods and services in expensive places. Remember that this information may be relative since it clearly depends on the living conditions of each individual.
One detail to note is that these specialists carefully highlighted various monthly expenses in which we can find the prices of food, values linked to the home such as rent, service fees in the company of transportation prices, clothing, personal hygiene items and a category for entertainment.
