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.
We have completed updated this list for 2018, and have (by popular demand) added a city in Nicaragua and El Salvador. Prices were quite stable through 2017 in the region, which means that things here are still cheap compared to almost anywhere but southeast Asia. Once again, Argentina had high inflation and things there have become more expensive for foreigners, though it's still a good bargain. Venezuela has continued to get worse, so probably best to avoid it until things change. Click to read more