The Ecuadorian capital was chosen as the most affordable city for backpacking in Latin America as of early 2024. On average, travelers in Quito could manage to spend around 28 U.S. dollars per day in accommodation, food, and entertainment. The capital of Bolivia ranked second in the list of cheapest destinations for backpackers in Latin America at that time.
Most affordable cities for backpacking in Latin America for 2024, by daily price index
(in U.S. dollars)
values based on currency exchange rates of January 2024
Supplementary notes
The daily costs were calculated by the source based on the following aspects:
"-One night in the cheapest bunk at the least expensive hostel with a good location and good reviews.
-Two public transportation rides per day.
-One paid/famous attraction per day.
-Three “budget” meals per day.
-Three cheap, local beers each day as an “entertainment fund.” Non-drinkers might have dessert and coffee or attend a local music performance instead, so this is a general benchmark that should be proportional for each city."
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Price of Travel. (January 30, 2024). Most affordable cities for backpacking in Latin America for 2024, by daily price index (in U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/801216/most-affordable-cities-backpacking-latam/
Price of Travel. "Most affordable cities for backpacking in Latin America for 2024, by daily price index (in U.S. dollars)." Chart. January 30, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/801216/most-affordable-cities-backpacking-latam/
Price of Travel. (2024). Most affordable cities for backpacking in Latin America for 2024, by daily price index (in U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/801216/most-affordable-cities-backpacking-latam/
Price of Travel. "Most Affordable Cities for Backpacking in Latin America for 2024, by Daily Price Index (in U.S. Dollars)." Statista, Statista Inc., 30 Jan 2024, https://www.statista.com/statistics/801216/most-affordable-cities-backpacking-latam/
Price of Travel, Most affordable cities for backpacking in Latin America for 2024, by daily price index (in U.S. dollars) Statista, https://www.statista.com/statistics/801216/most-affordable-cities-backpacking-latam/ (last visited December 22, 2024)
Most affordable cities for backpacking in Latin America for 2024, by daily price index (in U.S. dollars) [Graph], Price of Travel, January 30, 2024. [Online]. Available: https://www.statista.com/statistics/801216/most-affordable-cities-backpacking-latam/
