5 Cheapest Countries To Live in Central and South America

3. Argentina

Cost of Living: $576

Argentina stands out as one of the countries with a better quality of life on this list, being a higher-income nation in the region. Its economy is diversified, relying on a mix of industry, exports of cultivated goods, and mineral resources. Services in the country are largely focused on the travel and hospitality industry. It is 3.84 times cheaper to live in Argentina than in the United States.