Overview
South America is a continent of staggering diversity — from the ancient ruins of Machu Picchu and the salt flats of Bolivia to the beaches of Brazil and the glaciers of Patagonia. For budget-conscious travelers, it remains one of the best-value destinations in the world, though costs vary dramatically by country. Bolivia, Ecuador, and Peru sit at the affordable end, while Chile, Brazil, and Argentina are pricier.
The continent spans dozens of currencies, but US dollars are widely understood for reference. Shoulder seasons (March-May and September-November) offer the best balance of weather and value in most regions. Speaking basic Spanish will significantly improve your experience and help you find better local prices.
Daily Budget Breakdown
Budget ($25-$50/day): Stay in hostels or guesthouses ($10-$25/night), eat street food and at local markets ($5-$12/day), use public buses and colectivos ($0.50-$3/ride), and focus on free activities like city walks, hiking, and beach days.
Mid-Range ($50-$100/day): Book private rooms or mid-range hotels ($40-$80/night), eat at local restaurants ($15-$30/day), take comfortable long-distance buses ($15-$50), and add guided tours to major sites ($20-$60).
Luxury ($150-$350+/day): Stay in boutique hotels or eco-lodges ($120-$350+/night), dine at acclaimed restaurants ($50-$120/day), fly between destinations ($50-$200), and book premium experiences like Amazon jungle lodges and Galapagos cruises ($200-$500/day).
How to Save Money in South America
- Focus your trip on Bolivia, Ecuador, and Peru where daily costs are $20-$40 — half of what you would spend in Chile or Brazil.
- Eat at local markets (mercados) and street food stalls where meals cost $2-$5.
- Take overnight buses on long routes to save a night of accommodation.
- Book domestic flights through local airline websites rather than international aggregators.
- Travel during shoulder seasons for 20-40% lower accommodation prices and fewer crowds.
Worth the Splurge
- The Inca Trail to Machu Picchu or the Salkantay Trek ($300-$700 for multi-day guided trek).
- A multi-day Amazon rainforest lodge experience in Ecuador or Peru ($150-$400/day).
- The Galapagos Islands, even on a budget cruise ($200-$350/day all-inclusive).
- A Patagonia trek in Torres del Paine or Los Glaciares National Park ($80-$150/day with refugio stays).


