What is the cost of living in El Salvador?

Cost of living in El Salvador Cost of living in El Salvador

Cost of living in El Salvador fluctuate in an individual or family bases, circumstances such as living location and individual needs have a significant impact in determining total cost. Additionally, personal lifestyle will influence the overall cost of living in El Salvador.

Nevertheless, the cost of living in El Salvador is ideal for those looking to live in Central America, it’s not the lowest in the area but is not the highest either. So, without further delays, let’s get into the cost to live in this nation in more detail.

Housing cost in El Salvador.

The housing cost in El Salvador is difficult to figure out; location plays a big role in determining costs.

To give the best information to anyone looking to move to El Salvador. On this article, I will not list the costs of areas that foreigners most likely never move into.

Buying Real Estate.

Buying real estate in El Salvador is almost the same as buying in other countries; it’s all about location. The most desirable the location is, the more it will cost.

  • Buying in San Salvador or Santa Tecla

    Obviously, buying Real Estate in the most popular areas like San Salvador and Santa Tecla is more expensive.

    On the low end and in safe neighborhoods, you could probably buy with $175,000. As for the higher end, you can pay a million dollars or more for a house. Undeniably, there are plenty of homes in this area that will meet all your needs.

  • Mid size cities

    Buying real estate in cities like Santa Ana, Ahuachapan, and La Libertad is less expensive. You can buy a house for as low as $75,000 and pay as high as $450,000, or even more.

  • Small Towns

    El Salvador is full of colorful small towns such as Suchitoto, Juaya, and Nahuizalco. Buying real estate in these towns is way less expensive; on the low end, you will need about $45,000 and could go as higher as $300,000, or even more.

Just like any other country, if you are looking to buy a property in El Salvador, hire a professional that can help you.

El Salvador

Renting in El Salvador.

Renting a property in El Salvador is similar to buying; it’s all about location. The more desirable the location is, the more it will cost to lease.

  • Large cities, San Salvador or Santa Tecla

    For people looking for big-city urban living, these areas are the most desirable in the country; therefore, rental prices are higher. On the low end, you will pay around $300 and on the high end about $1,500 or even more.

  • Mid size cities.

    I consider Santa Ana, Ahuachapan, and La Libertad mid-size cities; even though Santa Ana is the second or third-largest city in the country. The low rental cost will be about $200 and higher-end about $600 or more.

  • Small Towns.

    Rentals in small towns such as Suchitoto, Juayua, or El Tunco can cost you on the low end about $150 and the higher-end about $400, or even more.

When looking for rental places in El Salvador, make sure you hire a professional and do your own research.

To Sum up, housing cost in El Salvador is hard to generalize, there are just too many factors involved. The rental amounts and property prices given here are general estimates.

You could definitely find cheaper or more expensive rentals and homes for sale. When ready to make a move, hire a professional to guide you and help you!

Utilities and other cost of living in El Salvador.

The most common utilities are Electricity about $75 per month, Gas about $30 per month, and Water about $25 per month. Additionally, home cable and unlimited internet will cost about $60 per month.

Transportation.

You can buy a used car in good working condition for about $7,000. New car prices will vary depending on the car brand, model type, and amenities; car prices in El Salvador are similar to the US.

Gasoline prices are similar to the US, today August 4th, the costs per gallon are, Regular $3.34 and special or premium $3.64.

Car insurance cost will vary depending on the type of car and coverage that you want. I recommend you to have full coverage that protects you if someone hits you. You see in El Salvador car insurance is optional, unless if you are leasing a car. Therefore, the vast majority of Salvadorans do not carry car insurance.

Taking a taxi is an option in bigger cities, the cost will depend on the trip. An average trip of 5 to 10 miles will cost you about $10 to $20.

Public buses will cost about $0.25 to $1.00 per trip, of course, this depends on the distance. If you are taking a bus from San Salvador to Ahuachapan or La Libertad, it can cost you up to $3.00.

Food cost of living in El Salvador.

A person in El Salvador can live comfortably on $200 a month of food, of course, some people might go lower or higher than the $200.

Food prices vary depending on where you shop; you will get more for your money if you shop at a local market instead of a supermarket. If you want to see how much items cost today, click here and see for yourself.

Entertainment.

The cost of entertainment will vary depending on location and type of establishment.

  • Dining out at a fancy restaurant for two $45.00
  • local small restaurant for two $22
  • Movie tickets for two $13.50
  • Domestic 12oz beer at a local bar $1.00
  • Imported 12 oz beer at a local bar $2.00
  • Cocktail drink in San Salvador upscale area $6.00

These prices can vary depending on the establishment and the location.

Healthcare cost of living in El Salvador.

The healthcare cost will vary depending on the person and the type of insurance it has. Keep in mind that El Salvador is a developing country, some of the local doctor or clinic will not take insurance.

However, just so you can get an idea, a visit to a local doctor will cost between $5.00 to $25.00, depending on location. When it comes to over the counter medication, Tylenol 500 ml extra strength 24 caplets $3.50, and cold medicine (Viro-Grip), 12 gel cap pills $2.75.

Clothing cost of living in El Salvador.

Clothing is a cost that will definitely vary depending on how the individual thinks about clothes.

As an example, a typical dress shirt can cost you from $10 at a local store, to $50 or more at upscale retail stores. Without a doubt, the shirt at the retail store will be of higher quality.

At the end of the day, the clothing cost will depend on individual needs and wants.

Conclusion – Cost of living in El Salvador

The cost of living in El Salvador is not the cheapest nor the most expensive in Central America. So, if you are on a budget, there are ways that you can lower the cost of living in El Salvador.

Furthermore, keep in mind that the prices or costs in this article are not set in stone; they can vary depending on location and type of establishment. Nonetheless, use it as a guideline to get an idea on the cost of living in El Salvador.