South and Central America are sometimes forgotten by residents of the rest of the world, but savvy travelers continue to flock to this region for a great variety of reasons. In addition to the cultural and scenic highlights, the entire area is quite cheap by international standards, at least once you are here. Backpacking in South America can be very inexpensive and mid-range travel can be surprisingly affordable as well.
This list has been completely updated in early 2016, with some rather large shifts in rankings. Several places have gotten cheaper for most visitors due to currency devaluation that has outpaced the inflation rates. Brazil and Argentina in particular are more affordable than they have been in years for foreign visitors. Colombia and Mexico are cheaper as well due to lowered currencies, while many others were quite stable and remain as very good bargains. Click to read more