City in Magallanes, Chile
Cost of living in Punta Arenas
How much a month costs in Punta Arenas
For one person, including rent. A comfortable month costs about $1,220–1,830 ($1.2M–1.8M).
Prices in Punta Arenas
Typical 2026 ranges in CLP, rounded. US$ at the 03 Oct 2026 exchange rate.
| Item | CLP | US$ |
|---|---|---|
| Housing | ||
| 1-bedroom apartment, center (month) | $350,000–550,000 | $356–560 |
| 1-bedroom apartment, outside center (month) | $280,000–420,000 | $285–428 |
| Hostel dorm bed (night) | $12,000–22,000 | $12–22 |
| Mid-range hotel room (night) | $55,000–110,000 | $56–112 |
| Food and drink | ||
| Local meal or street food | $6,500–10,000 | $6.6–10.2 |
| Mid-range restaurant, per person | $15,000–28,000 | $15–29 |
| Cappuccino | $2,500–4,000 | $2.5–4.1 |
| Local beer, 0.5 l in a bar | $3,000–5,500 | $3.1–5.6 |
| Getting around | ||
| Ride-hailing or taxi, about 5 km | $4,000–7,000 | $4.1–7.1 |
| Work and life | ||
| Gym membership (month) | $25,000–40,000 | $25–41 |
| Mobile data, 20–50 GB (month) | $8,000–15,000 | $8.1–15.3 |
Value for money: 70/100
A value score of 70/100 means Punta Arenas gives more quality of life per dollar than 69% of the 1,319 places we cover. Quality here scores 70/100. It's the 7th most affordable of 11 places we cover in Chile.
| Quality factor | Score |
|---|---|
| Safety | |
| Air quality | |
| Internet | |
| Healthcare | |
| Weather | |
| Friendly locals | |
| English |
Cost of living across Chile
One person, comfortable lifestyle, including rent.
| Place | Comfortable month | Value |
|---|---|---|
| Valparaíso | $967–1,430 | 78/100 |
| Chiloé | $967–1,530 | 78/100 |
| Viña del Mar | $1,020–1,630 | 85/100 |
| Pucón | $1,120–1,730 | 75/100 |
| Puerto Varas | $1,120–1,730 | 71/100 |
| La Serena | $1,120–1,730 | 80/100 |
| Santiago | $1,220–1,830 | 65/100 |
| Punta Arenas | $1,220–1,830 | 70/100 |
| Puerto Natales | $1,320–2,040 | 59/100 |
| San Pedro de Atacama | $1,430–2,240 | 62/100 |
| Easter Island | $2,040–3,050 | 42/100 |
Cheaper alternatives to Punta Arenas
Similar safety, lower cost, in South America.
| Place | Country | Comfortable month |
|---|---|---|
| Sucre | Bolivia | $457–706 |
| Uyuni | Bolivia | $499–831 |
| Huaraz | Peru | $697–1,100 |
| Huacachina | Peru | $726–1,160 |
| Salta | Argentina | $788–1,310 |
Quick answers
How much money do you need per month in Punta Arenas?
About $713–967 on a lean budget, $1,220–1,830 for a comfortable month and $2,550–4,070 for a luxury one, rent included.
How much is rent in Punta Arenas?
A furnished 1-bedroom apartment costs $350,000–550,000 ($356–560) a month in the center and $280,000–420,000 ($285–428) outside it.
How much does food cost in Punta Arenas?
A local meal is $6,500–10,000 ($6.6–10.2); a mid-range restaurant is $15,000–28,000 ($15–29) per person.
Is Chile expensive?
Prices in Chile are about 48% of US price levels (World Bank PPP).
More about Punta Arenas
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Sources
- ExchangeRate-API open rates
- World Bank: PPP conversion factor
- Punta Arenas Airport (Aeropuertos Australes)
- Hospital Clínico de Magallanes
- Sernatur Chile
- Transbordadora Austral Broom
Prices are SoloSquare estimates for 2026, reviewed against official and operator prices where available. Compiled and reviewed by SoloSquare. How we compile and score this. Spotted something out of date? Tell us.