* The source defines local purchasing power as "purchasing power in buying goods and services in a given city for the average net salary in that city." Using New York City as the base for the calculation, with a maximum score of 100 in the ranking, the source explains that "if the domestic purchasing power is 40, this means that the inhabitants of that city with an average salary can afford to buy on an average 60 percent less goods and services than New York City residents with an average salary."
Further information about the index methodology can be found here.
The release date is the date of access.
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Numbeo. (October 26, 2024). Cities with the highest local purchasing power in Latin America and the Caribbean in 2024 (based on index score) [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/1154635/local-purchasing-power-index-latin-american-caribbean-cities/
Numbeo. "Cities with the highest local purchasing power in Latin America and the Caribbean in 2024 (based on index score)." Chart. October 26, 2024. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/1154635/local-purchasing-power-index-latin-american-caribbean-cities/
Numbeo. (2024). Cities with the highest local purchasing power in Latin America and the Caribbean in 2024 (based on index score). Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/1154635/local-purchasing-power-index-latin-american-caribbean-cities/
Numbeo. "Cities with The Highest Local Purchasing Power in Latin America and The Caribbean in 2024 (Based on Index Score)." Statista, Statista Inc., 26 Oct 2024, https://www.statista.com/statistics/1154635/local-purchasing-power-index-latin-american-caribbean-cities/
Numbeo, Cities with the highest local purchasing power in Latin America and the Caribbean in 2024 (based on index score) Statista, https://www.statista.com/statistics/1154635/local-purchasing-power-index-latin-american-caribbean-cities/ (last visited December 03, 2024)
Cities with the highest local purchasing power in Latin America and the Caribbean in 2024 (based on index score) [Graph], Numbeo, October 26, 2024. [Online]. Available: https://www.statista.com/statistics/1154635/local-purchasing-power-index-latin-american-caribbean-cities/
