Backpacking Budget for South America
This page aims to give you a rough idea of what a typical backpacking budget for South America might be.
South America is on the whole, budget-friendly and certainly much cheaper than North America and Europe but that said travel costs can easily mount up. Countries like Brazil are developing quickly and as a result prices are going up. It is also a very large region so trying to see it all is both time-consuming and expensive. Even relatively short-distance airfares are high here so unless you fancy hitch-hiking, buses and coaches are pretty much the only way to get around.
Get our Backpackers Guide to South America 2017-2018 for more detailed info on the region.
Daily Travel Costs in South America
$20/day or less : Bolivia
$25/day : Ecuador, Peru, Paraguay
$30/day : Colombia
$40/day : Uruguay
$45/day : Chile, Argentina
$50/day : Brazil
As you can see there’s quite a wide variety between countries so calculating a Latin America travel budget can be difficult. Over the years of running this site, we’ve had various people disagreeing with these figures. Some say Peru or Colombia are far cheaper than Ecuador but bare in mind that although the cost food/accommodation may be similar or even less, you will spend much more on transport in the bigger countries like Peru, Colombia, Argentina or Chile as the destinations are far further away from each other. Ecuador is much more compact with just a few hours on a bus and only a few US Dollars separating most of the popular travel destinations.
On a similar kind of note, prices in Uruguay are comparable to anything you’ll find in Brazil or Argentina and can soar to Western European levels in places but the country is small so again you won’t be spending any extra money on flights or expensive long-distance coaches. If you’re really short on funds but still want to visit these countries, it might be worth getting your hands on Will Hatton’s guide called How to travel on $10 a day.
French Guiana, Suriname and Guyana are on the expensive end of the scale but they are so small, visitors often go for a specific purpose rather than on a general trip around the country so we haven’t factored them in. In Venezuela, there is something like 4 different exchange rates so it can vary from being absurdly cheap to extremely expensive depending which one you can get. The country is suffering from a severe economic crisis right now with violent crime rife so it’s probably not the best time to go in any case.
Also it’s well worth noting that prices can really sky-rocket around real tourist hotspots like Rio de Janeiro, Machu Picchu and the natural wonders of Patagonia. A trip to Machu Picchu alone can easily blow your Peru budget in just a few days.
Therefore please take these figures as a guide and not as the definitive answer as everyone and every trip is different.
Monthly Backpacking budget for South America
1 month – £820, €950, $1000
2 months – £1640, €1900, $2000
3 months – £2460, €2850, $3000
4 months – £3280, €3800, $4000
5 months – £4100, €4750, $5000
6 months – £4920, €5700, $6000
(Exchange rates are correct as of Janaury 2017. Use Dollars as a base and convert it to your currency on current exchange rates if you’re reading this much further in the future)
A figure of $1000 per month is a reasonable starting point for a shoestring budget for the region. Visit predominantly the Andean region of Peru, Ecuador and Bolivia and you can get by on less. Spend more time in the South of the continent or Brazil and you will probably need more than this.
As mentioned earlier actual transport costs are quite high so longer trips or ones that involve visiting only a few countries will give you better value for money. If you want to get by on a cheaper budget, it’s possible but you’ll have to consider hitch-hiking/camping/couchsurfing etc. which on the whole are viable options, especially in the more expensive countries, which is handy.
Remember there will still be extra expenses on top of this in terms of sorting out flights to/from the region. Many travellers opt to head there via USA with Miami a popular stop and home to some of the better value flights to South American countries, particularly Colombia. Read our backpacking budget for the USA to find out costs there.
The cost of vaccinations, visas and travel insurance are also not included in these figures. The last part is often quite expensive. We recommend World Nomads as they specialise in dealing with backpacker trips.
Read our South America budget travel overview for more on the region.
The Cost of Travel in Other Regions
How much did travel in South America cost you?
If you have travelled recently in South America then please use the comments section below to share with us your experiences of backpacking costs in the region as we look to keep this up-to-date for 2018 and beyond. Budgets really do vary considerably amongst travellers so there will never be a definitively right figure for each country but the more people who comment, the easier it is for us to keep this page as accurate as possible. Thanks!
This page was last updated in January 2017.