Mercer has come out with its annual survey that ranks the cost of living in 215 major world cities for foreigners living there (note...this ranking does not rank the cost in terms for locals). Number one is the most expensive, number 215 is the cheapest. Now for sure we at IKN don't care much about the rest of the world because LatAm rules everything amen, so this little table shows how LatAm cities figure in the Mercer list:
| Mercer: Cost of Living Survey | |
| for foreigners in world cities | |
| city | ranking |
| Sao Paulo | 20 |
| Rio de Janeiro | 29 |
| Havana | 45 |
| Bogota | 66 |
| Brasilia | 70 |
| Caracas | 100 |
| Santiago de Chile | 123 |
| Panama City | 127 |
| Montevideo | 129 |
| SJ Puerto Rico | 129 |
| Lima | 135 |
| Santo Domingo | 147 |
| Buenos Aires | 161 |
| Mexico City | 166 |
| Guatemala | 169 |
| SJ Costa Rica | 183 |
| Monterrey | 193 |
| Quito | 194 |
| Asuncion | 204 |
| Tegucigalpa | 206 |
| La Paz | 211 |
| Managua | 212 |
The region's most expensive city is Sao Paulo Brazil, something that will surprise nobody who's been there. Havana ranks highly for foreigners mainly due to forex rules. Then comes Bogota, ranked 66 in the world. Looking down the list Buenos Aires still stands out as a bargain (thanks to that 4:1 forex to the dollar), as does Monterrey. La Paz is a great place to live, by the way, not just for the prices.