Jan. 27 (UPI) -- Montevideo, Uruguay, ranks as the city with the highest cost of living in Latin America in 2026, according to the annual Cost of Living Index published by Numbeo, one of the world's largest collaborative databases on prices, quality of life and purchasing power.
The ranking, which compares the cost of consumer goods, food, restaurants and local purchasing power in cities worldwide, places the Uruguayan capital as the most expensive in the region.
According to Numbeo, the index uses New York City as the reference city, with a base value of 100.
Montevideo records a cost of living index of 55.58, meaning that, even as the most expensive city in Latin America, it is about 44% cheaper than New York.
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