Cost Of Living in Las Condes 2024

Average monthly spending for singles, couples, students, and families in Las Condes

Whether you're living in Las Condes or planning to move there, it is very important to know the cost of living and the prices of things. Here we list the average spending for the four main population groups.

Average Monthly Expenditure

2.5M CLP

per month
$2,500

190,000 CLP   $190
$25,000   25M CLP

Single

1.7M CLP

per month
$1,700

570,000 CLP   $580
$12,000   11M CLP

Couple

2.8M CLP

per month
$2,900

940,000 CLP   $970
$15,000   15M CLP

Family

3.8M CLP

per month
$3,900

1.3M CLP   $1,400
$21,000   21M CLP

Student

1.2M CLP

per month
$1,200

470,000 CLP   $480
$2,100   2.1M CLP
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.

Singles

The average monthly expense for a single person living in Las Condes is 1.7M CLP. Expenses can range from 570,000 CLP at the minimum level to 11M CLP at the highest end.


Couples

The average monthly spending of couples in Las Condes is 2.8M CLP. Expenditure can range from 940,000 CLP to 15M CLP per month.


Families

The average cost of living for families in Las Condes is 3.8M CLP per month. Families spend anywhere from 1.3M CLP to 21M CLP.


Students

The average monthly expenditure for students in Las Condes is 1.2M CLP. Students spend from 470,000 CLP to 2.1M CLP per month.


Spending behavior can change drastically from one person to another. It is best to consider the minimum, average, and maximum spending together.

Prices and cost of goods and services in Las Condes


Dining, food, and beverages costs


Large bottle of water
310 CLP 350 CLP 410 CLP
MINIMUM AVERAGE MAXIMUM
$0.32 $0.36 $0.42
Fast food combo meal
2,600 CLP 5,300 CLP 8,800 CLP
MINIMUM AVERAGE MAXIMUM
$2.7 $5.4 $9
Restaurant meal for one
8,700 CLP 13,000 CLP 26,000 CLP
MINIMUM AVERAGE MAXIMUM
$8.9 $13 $27
Fine dining meal for one
17,000 CLP 26,000 CLP 100,000 CLP
MINIMUM AVERAGE MAXIMUM
$18 $27 $110
Soda or Soft Drink
380 CLP 440 CLP 530 CLP
MINIMUM AVERAGE MAXIMUM
$0.39 $0.45 $0.54
Cappuccino or latte
2,200 CLP 3,500 CLP 5,300 CLP
MINIMUM AVERAGE MAXIMUM
$2.3 $3.6 $5.4

Grocery and market costs


Milk large bottle
1,800 CLP 2,100 CLP 2,600 CLP
MINIMUM AVERAGE MAXIMUM
$1.8 $2.2 $2.7
Loaf of bread
320 CLP 360 CLP 420 CLP
MINIMUM AVERAGE MAXIMUM
$0.33 $0.37 $0.43
12 eggs
1,300 CLP 1,800 CLP 2,600 CLP
MINIMUM AVERAGE MAXIMUM
$1.4 $1.8 $2.7
Fresh whole chicken
3,000 CLP 3,900 CLP 5,500 CLP
MINIMUM AVERAGE MAXIMUM
$3.1 $4 $5.6
Beef 1 kg or 1 lb
3,500 CLP 5,300 CLP 11,000 CLP
MINIMUM AVERAGE MAXIMUM
$3.6 $5.4 $11
Rice 1 kg or 1 lb
1,400 CLP 1,900 CLP 2,700 CLP
MINIMUM AVERAGE MAXIMUM
$1.5 $2 $2.8
Tomato 1 kg or 1 lb
530 CLP 700 CLP 1,300 CLP
MINIMUM AVERAGE MAXIMUM
$0.54 $0.72 $1.4
Apples 1 kg or 1 lb
940 CLP 1,200 CLP 2,000 CLP
MINIMUM AVERAGE MAXIMUM
$0.97 $1.3 $2.1

Commute, travel, and transportation costs


20 minutes taxi ride
2,200 CLP 2,600 CLP 5,200 CLP
MINIMUM AVERAGE MAXIMUM
$2.2 $2.7 $5.4
Average car full tank
13,000 CLP 18,000 CLP 35,000 CLP
MINIMUM AVERAGE MAXIMUM
$14 $18 $36
Average car 1-day rental
13,000 CLP 17,000 CLP 26,000 CLP
MINIMUM AVERAGE MAXIMUM
$13 $18 $27
Average car price
6.6M CLP 13M CLP 18M CLP
MINIMUM AVERAGE MAXIMUM
$6,800 $14,000 $18,000
Bus ticket one way
430 CLP 650 CLP 1,300 CLP
MINIMUM AVERAGE MAXIMUM
$0.44 $0.66 $1.3
Car Service
17,000 CLP 26,000 CLP 52,000 CLP
MINIMUM AVERAGE MAXIMUM
$18 $27 $53

Utility cost (monthly)


Utility Bill - Individual
34,000 CLP 100,000 CLP 680,000 CLP
MINIMUM AVERAGE MAXIMUM
$35 $100 $700
Utility Bill - Couple
47,000 CLP 140,000 CLP 750,000 CLP
MINIMUM AVERAGE MAXIMUM
$48 $150 $770
Utility Bill - Family
40,000 CLP 110,000 CLP 620,000 CLP
MINIMUM AVERAGE MAXIMUM
$41 $120 $640
Internet and cable
13,000 CLP 26,000 CLP 35,000 CLP
MINIMUM AVERAGE MAXIMUM
$14 $27 $36
Mobile phone charges
11,000 CLP 18,000 CLP 53,000 CLP
MINIMUM AVERAGE MAXIMUM
$11 $18 $54

Leisure and activities costs


Movie ticket
6,600 CLP 8,800 CLP 13,000 CLP
MINIMUM AVERAGE MAXIMUM
$6.8 $9 $14
One month gym membership
21,000 CLP 26,000 CLP 52,000 CLP
MINIMUM AVERAGE MAXIMUM
$21 $27 $53

Cloths and accessories costs


Pair of jeans or pants
15,000 CLP 22,000 CLP 32,000 CLP
MINIMUM AVERAGE MAXIMUM
$16 $22 $33
Woman dress
14,000 CLP 20,000 CLP 65,000 CLP
MINIMUM AVERAGE MAXIMUM
$15 $20 $66
Woman shoes
14,000 CLP 18,000 CLP 43,000 CLP
MINIMUM AVERAGE MAXIMUM
$14 $19 $44
Men's shoes
12,000 CLP 14,000 CLP 29,000 CLP
MINIMUM AVERAGE MAXIMUM
$12 $15 $29
Men suit
13,000 CLP 16,000 CLP 86,000 CLP
MINIMUM AVERAGE MAXIMUM
$13 $17 $88
Regular t-shirt
6,500 CLP 8,600 CLP 26,000 CLP
MINIMUM AVERAGE MAXIMUM
$6.6 $8.8 $27

Housing costs / monthly rent


Studio apartment
220,000 CLP 320,000 CLP 860,000 CLP
MINIMUM AVERAGE MAXIMUM
$220 $330 $880
1-bedroom apartment
320,000 CLP 520,000 CLP 1.3M CLP
MINIMUM AVERAGE MAXIMUM
$330 $530 $1,300
2-bedroom apartment
430,000 CLP 650,000 CLP 1.7M CLP
MINIMUM AVERAGE MAXIMUM
$440 $660 $1,800

Housing costs / Buying


Studio apartment
43M CLP 65M CLP 130M CLP
MINIMUM AVERAGE MAXIMUM
$44,000 $66,000 $130,000
1-bedroom apartment
52M CLP 86M CLP 320M CLP
MINIMUM AVERAGE MAXIMUM
$53,000 $88,000 $330,000
2-bedroom apartment
86M CLP 260M CLP 520M CLP
MINIMUM AVERAGE MAXIMUM
$88,000 $270,000 $530,000

Furniture Costs


King Size Bed
260,000 CLP 330,000 CLP 440,000 CLP
MINIMUM AVERAGE MAXIMUM
$270 $340 $450
Double Bed
180,000 CLP 260,000 CLP 330,000 CLP
MINIMUM AVERAGE MAXIMUM
$180 $270 $340
Single Bed
160,000 CLP 200,000 CLP 260,000 CLP
MINIMUM AVERAGE MAXIMUM
$160 $210 $270
Living Room
290,000 CLP 380,000 CLP 1.3M CLP
MINIMUM AVERAGE MAXIMUM
$300 $390 $1,400
Dining Table
130,000 CLP 180,000 CLP 330,000 CLP
MINIMUM AVERAGE MAXIMUM
$140 $180 $340
Sofa or Couch
180,000 CLP 240,000 CLP 530,000 CLP
MINIMUM AVERAGE MAXIMUM
$180 $250 $540

Electronics and House Appliance Costs


TV Set
180,000 CLP 260,000 CLP 530,000 CLP
MINIMUM AVERAGE MAXIMUM
$180 $270 $540
Fridge or Freezer
160,000 CLP 240,000 CLP 330,000 CLP
MINIMUM AVERAGE MAXIMUM
$160 $250 $340
Washing Machine
200,000 CLP 290,000 CLP 530,000 CLP
MINIMUM AVERAGE MAXIMUM
$210 $300 $540
Stove or Cooker
190,000 CLP 240,000 CLP 330,000 CLP
MINIMUM AVERAGE MAXIMUM
$190 $250 $340
Mobile Phone
220,000 CLP 260,000 CLP 380,000 CLP
MINIMUM AVERAGE MAXIMUM
$230 $270 $390
Laptop or Computer
240,000 CLP 290,000 CLP 530,000 CLP
MINIMUM AVERAGE MAXIMUM
$250 $300 $540

Expenditure to Income Ratio in Las Condes

One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in.


Spending to Income Ratio

84%

76% to 93%

( expenditure / income ) x 100


Expense to income distribution levels

Spending To Income Ratio% People
< 50%5%
50% - 60%10%
60% - 70%17%
70% - 80%26%
80% - 90%18%
90% - 100%10%
100% - 110%5%
110% - 120%3%
120% - 130%2%
130% - 140%2%
> 140%1%

Interpretation and Analysis

The average spending-to-salary ratio in Las Condes is 84% This means that on average, people spend around 84% of their income for living. According to the distribution table, 17% of the population spend approximately 60% to 70% of their income every month.


How can spending be more than income?

A value higher than 100% means that the expenditure of those people is higher than their income. They are spending more than what they earn. This is possible in two scenarios. They are either borrowing from their savings to survive or they are borrowing from other sources (relatives, friends, banks, etc.). More about this in the debt section.



Individual
75%
Spending-Income-Ratio
68%
83%

Couple
80%
Spending-Income-Ratio
72%
88%

Family
88%
Spending-Income-Ratio
80%
97%

How do people spend their money in Las Condes?

We asked thousands of people about their spending habits and expenditure breaks. Below are their answers.

The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.

Housing Expenditure25%

25% of total expenses on average (14% to 33%)

LOW$58   57,000 CLP
AVERAGE$760   740,000 CLP
HIGH$7,600   7.4M CLP
Per Month

People living in Las Condes typically spend from 14% to 33% of their total monthly expenditure on housing with 25% being the average. The average spend on housing is 740,000 CLP with expenditure ranging from 57,000 CLP to 7.4M CLP. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.

Utilities, Electricity, Water7%

7% of total expenses on average (4% to 11%)

LOW$9.7   9,400 CLP
AVERAGE$130   120,000 CLP
HIGH$1,300   1.2M CLP
Per Month

Utility expenditure like electricity, water, and gas in Las Condes ranges from 4% to 11% of total expenses with 7% being the average. The average monthly cost of utilities is 120,000 CLP with 9,400 CLP and 1.2M CLP being the upper and lower limits.

Transport, Fuel, Commute8%

8% of total expenses on average (4% to 12%)

LOW$19   19,000 CLP
AVERAGE$250   250,000 CLP
HIGH$2,500   2.5M CLP
Per Month

Fuel consumption and cost of transport depend heavily on whether you live near your work or school, but roughly speaking you would expect to spend from 19,000 CLP to 2.5M CLP on commuting with 250,000 CLP being the norm for most people in one month. This means that money spent on transport constitutes about 8% of total spending on average but can go as low as 4% or as high as 12%.

Food and Groceries Cost27%

27% of total expenses on average (19% to 33%)

LOW$48   47,000 CLP
AVERAGE$630   610,000 CLP
HIGH$6,300   6.1M CLP
Per Month

The average outlay on groceries in a month in Las Condes is 610,000 CLP. The cost of groceries can range between 47,000 CLP to 6.1M CLP. People spend on average about 27% on food and groceries with upper and lower bounds of 19% and 33% respectively.

Healthcare and Medical Services9%

9% of total expenses on average (4% to 12%)

LOW$14   13,000 CLP
AVERAGE$180   170,000 CLP
HIGH$1,800   1.7M CLP
Per Month

People in Las Condes allocate 4% to 12% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 9%. The range of medical expenses range from 13,000 CLP to 1.7M CLP with 170,000 CLP being the norm.

Leisure and Shopping5%

5% of total expenses on average (3% to 9%)

LOW$7.7   7,500 CLP
AVERAGE$100   98,000 CLP
HIGH$1,000   980,000 CLP
Per Month

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 7,500 CLP to 980,000 CLP with 98,000 CLP being the average. Speaking of percentages, that equates to 3% to 9% of total expenses with an average of 5% for most residents.

Education and Schooling6%

6% of total expenses on average (4% to 12%)

LOW$12   11,000 CLP
AVERAGE$150   150,000 CLP
HIGH$1,500   1.5M CLP
Per Month

Spending on education can vary drastically between different people. While working singles can spend 0% on education, families and students' expenditure can reach up to 22%. On average, education constitutes 6% of the monthly expenditure with 4% and 12% being the lower and upper bounds respectively. The average reported education cost is 150,000 CLP per month with 11,000 CLP being the minimum spent amount and 1.5M CLP being the maximum.

Other Expenses13%

13% of total expenses on average (8% to 20%)

LOW$25   25,000 CLP
AVERAGE$330   320,000 CLP
HIGH$3,300   3.2M CLP
Per Month

How much money can you save in Las Condes every month?

We asked thousands of people what percentage of their income can they save in a month. Below are the answers.


What percentage of people in Las Condes manage to save money from their income every month?


Saving Money
62%
Not Saving
38%

Almost 62% of the surveyed people in Las Condes said that they can save some money at the end of each month while 38% said that aren't saving anything.


Percentage of people saving money by population group in Las Condes

GroupSaversNon Savers
Singles67%33%
Couples62%38%
Families57%43%

Savings-to-Income Ratio

The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.


Saving to Income Ratio

8.9% 15% of income 29%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

70,000 CLP
$72
910,000 CLP
$930
9.1M CLP
$9,300
MINIMUM AVERAGE MAXIMUM

For most people, 8.9% to 29% of their monthly income is what they can allocate to their savings, with 15% being the average. The amount of money that people can save is approximately 910,000 CLP on average with savings ranging from 70,000 CLP to 9.1M CLP.

67% of surveyed singles reported some of their income going to savings while 62% of couples said the same. 57% of families confirmed their ability to save money.


How much money do people actually save in Las Condes?

The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.


Singles

Saving to Income Ratio

12% 19% of income 31%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

210,000 CLP
$220
630,000 CLP
$650
4.2M CLP
$4,300
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for singles

Saving To Income Ratio% Singles
0% - 10%30%
10% - 20%24%
20% - 30%16%
30% - 40%15%
40% - 50%11%
> 50%4%

Interpretation and Analysis

Singles who can afford to save reported that they allocate from 12% to 31% of their monthly income to savings, with 19% being the average for most singles. The average amount of money that singles are able to save is 630,000 CLP with 210,000 CLP and 4.2M CLP being the minimum and maximum respectively.


Couples

Saving to Income Ratio

9.9% 17% of income 30%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

350,000 CLP
$360
1M CLP
$1,100
5.6M CLP
$5,700
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for couples

Saving To Income Ratio% Couples
0% - 10%34%
10% - 20%26%
20% - 30%19%
30% - 40%10%
40% - 50%8%
> 50%3%

Interpretation and Analysis

Couples who confirmed their ability to save reported saving equivalent to 9.9% to 30% of their monthly income, with 17% being the average for most couples. The average amount of money that couples can save is 1M CLP with 350,000 CLP and 5.6M CLP being the minimum and maximum respectively.


Families

Saving to Income Ratio

7.9% 15% of income 27%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

490,000 CLP
$500
1.4M CLP
$1,400
7.7M CLP
$7,900
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for families

Saving To Income Ratio% Families
0% - 10%37%
10% - 20%29%
20% - 30%20%
30% - 40%7%
40% - 50%5%
> 50%2%

Interpretation and Analysis

Families in Las Condes can save anywhere between 7.9% to 27% of their monthly income, with 15% being the average for most families. The average amount of money that families can put aside is 1.4M CLP with 490,000 CLP and 7.7M CLP being the minimum and maximum respectively.

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

  • 50% for needs and financial obligations

    This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

  • 30% for wants and discretionary spending

    This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

  • 20% for savings and emergency fund

    This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.

Affordable living in Las Condes

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Las Condes?


Yes
67%
No
33%

Around 67% of surveyed residents think that living in Las Condes is affordable with proper budgeting while 33% reported that it is just too expensive and not affordable even with frugality and thriftness.

Low-cost alternatives in Las Condes

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked residents how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options58%

Few low-cost options42%


Based on the survey, 58% of the people living in Las Condes have no problem finding low-cost alternatives to support a frugal lifestyle while 42% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked residents of Las Condes whether they have an emergency fund and the answers were as follows.

Yes64%

No36%


Based on the survey, 36% of the people living in Las Condes said that they don't have an emergency fund while 64% said that they do.

Financial Literacy in Chile

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy63%


We asked residents of Chile whether they acquired any adequate personal financial training in their lives. Approximately 37% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 63% said that they know about the general principles of personal finance from sources other than their own experience.


Difficulty in Budgeting and Financial Planning

We wanted to understand whether residents of Chile have problems or difficulties in managing their expenditures and savings so asked the people one simple question: do you struggle with your personal finances? 35% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 65% said that they have everything under control.

Struggles with finance35%

Easily manages finances65%

Financial goals of people in Las Condes

In an attempt to understand the economic situation in Las Condes, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.


Financial Goal% People
Emergency Fund7%
Debt Reduction37%
Retirement Savings9%
Education Funding8%
Homeownership17%
Investing8%
Travel or Lifestyle9%
Healthcare Expenses11%
Financial Independence7%

Around 7% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 37% said their number one priority is to pay off high-interest debt or loans and improve credit. 9% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 8% reported that their priority is saving for the tuition fees and education costs of their children while 17% choose to buy a home or pay off existing mortgage before other things. 8% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 9% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 11% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Saving Challenges in Las Condes

Reasons that make it difficult for people to save money

We wanted to understand what is stopping people from maximizing their savings in Las Condes. Listed below are the answers given by the survey participants.


Reason% People
Low Income6%
High Expenses9%
Debt and Loans16%
Lack of Budgeting Skills11%
Impulsive Spending10%
Financial Emergencies6%
Living the moment6%
Will do it later19%
Inflation12%
Social Pressure3%
Market Instability3%

Around 6% of the people said that their salary is too low to accommodate a portion for savings while 9% said that the high cost of living leaves little room for savings. 16% of the residents said that they are burdened with debt and find it challenging to save money. 11% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 10% blamed impulsive spending as the reason for saving inability. Around 6% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 6% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 19% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 12% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or societal expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.

Typical saving choices for people in Las Condes

Where do people choose to put their savings?


Saving Type% People
Emergency Funds11%
Gold11%
Savings Accounts17%
Retirement Accounts11%
Cash Savings18%
Real Estate10%
Investment6%
Stocks5%
Bonds6%
Mutual Funds3%
Certificates of Deposit3%

Retirement, pension plans, and life after work in Las Condes

What does the retirement lifestyle look like in Las Condes and how much retirement savings are required?

Retirement age

The retirement age for most employees in Chile is 65 years. Specific retirement ages can vary based on factors like occupation, gender, years of contribution, and location. It is not entirely unlikely for people to retire either before or after this age.

Retirement planning and savings

There are many retirement saving options, some are personally initiated and others are government-sponsered. Regardless of the source of savings, the minimum amount of money that needs to be put aside to ensure a peaceful and comfortable retirement at each age can be found in the table below. This data is largely approximated and can vary drastically based on individual needs and situations. Treat these figures as a general guideline.


The typical saved amount of money you should have at every age as multiples of monthly salary:
AgeAmount
255x monthly salary at age 25
3010x monthly salary at age 30
3515x monthly salary at age 35
4025x monthly salary at age 40
4532x monthly salary at age 45
5048x monthly salary at age 50
5556x monthly salary at age 55
6064x monthly salary at age 60
6578x monthly salary at age 65

The typical average saved amount of money you should have at every age in Las Condes:
AgeAmount
256.7M CLP
3013M CLP
3524M CLP
4034M CLP
4550M CLP
5071M CLP
5584M CLP
60100M CLP
65120M CLP

Retirement Income Distribution

We asked residents of Las Condes about their retirement income sources and below are the results.

Source% People
Pensions13%
Savings22%
Investments13%
Social Security8%
Annuities8%
Part-time Job12%
Real Estate17%
Dividends and Interest8%

Retirement Monthly Expenses in Las Condes

410,000 CLP
$420
1.2M CLP
$1,300
8.2M CLP
$8,400
MINIMUM AVERAGE MAXIMUM

Debt, loans, and mortgages in Las Condes


Percentage of people who are in debt


In Debt
28%
Debt Free
72%

According to the survey, 28% of the people in Las Condes have some kind of debt, loan, mortgage, or credit card payments while 72% reported that they don't have financial obligations to banks.


Debt-to-income ratio in Las Condes

Debt to income ratio

30%

21% to 38%

( monthly debt payment / monthly income ) x 100

Interpretation

The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 30% of the people's monthly income in Las Condes goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%14%
40% - 50%13%
30% - 40%15%
20% - 30%13%
10% - 20%16%
0% - 10%27%

According to our data, 3% of the debtors in Las Condes pay 60%+ of their income as debt settlement while 14% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 13% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 15% dedicated 30% to 40% of income for same. Things are looking brighter for 13% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Las Condes

Debt% People
Real Estate Mortgage11%
Auto Loan19%
Student Loan3%
Credit Card27%
Personal Loan39%

11% of debtors in Las Condes confirm that real estate mortgages constitutes the main part of their outstanding debt while 27% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 19% of people and personal loans rose at 39%. Lastly, student loans are the main source of debt for 3% of debtors in Las Condes.


About credit score and debt management

Managing debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.

Good debt vs. Bad debt

Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.


Loan Affordability Index in Las Condes

Besides measuring the loan-to-income ratio, we asked residents of Las Condes how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.

Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.

Frequency% People
Never53%
Once a year23%
Twice a year12%
Three times a year8%
Four times a year4%

Housing costs, accommodation, and housing affordability in Las Condes

Rental costs and house/apartment prices can vary drastically between different areas and locations.


Rent Cost in Las Condes

Monthly Rent Prices

Studio apartment
220,000 CLP 320,000 CLP 860,000 CLP
MINIMUM AVERAGE MAXIMUM
$220 $330 $880
1-bedroom apartment
320,000 CLP 520,000 CLP 1.3M CLP
MINIMUM AVERAGE MAXIMUM
$330 $530 $1,300
2-bedroom apartment
430,000 CLP 650,000 CLP 1.7M CLP
MINIMUM AVERAGE MAXIMUM
$440 $660 $1,800
3-bedroom apartment
520,000 CLP 860,000 CLP 2.4M CLP
MINIMUM AVERAGE MAXIMUM
$530 $880 $2,400
Furnished apartment
1M CLP 2.6M CLP 5.2M CLP
MINIMUM AVERAGE MAXIMUM
$1,100 $2,700 $5,300
Townhouse
860,000 CLP 1.3M CLP 3.7M CLP
MINIMUM AVERAGE MAXIMUM
$880 $1,300 $3,800
House
1M CLP 2.6M CLP 5.2M CLP
MINIMUM AVERAGE MAXIMUM
$1,100 $2,700 $5,300
Villa
1.3M CLP 3.2M CLP 5.2M CLP
MINIMUM AVERAGE MAXIMUM
$1,300 $3,300 $5,300

The monthly rental cost of a studio apartment in Las Condes ranges between 220,000 CLP and 860,000 CLP, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 320,000 CLP to 1.3M CLP. Two-bedroom rentals rate ranges between 430,000 CLP and 1.7M CLP per month. The monthly rental for a three-bedroom apartment ranges from 520,000 CLP to 2.4M CLP. The average rent of a townhouse in Las Condes is around 1.3M CLP while house rental costs can be as high as 2.6M CLP per month. Finally, if you want to rent a villa, expect to pay anywhere from 1.3M CLP to 5.2M CLP per month.



Apartment and house prices in Las Condes

Cost of buying a property

Studio apartment
43M CLP 65M CLP 130M CLP
MINIMUM AVERAGE MAXIMUM
$44,000 $66,000 $130,000
1-bedroom apartment
52M CLP 86M CLP 320M CLP
MINIMUM AVERAGE MAXIMUM
$53,000 $88,000 $330,000
2-bedroom apartment
86M CLP 260M CLP 520M CLP
MINIMUM AVERAGE MAXIMUM
$88,000 $270,000 $530,000
3-bedroom apartment
290M CLP 430M CLP 1,300M CLP
MINIMUM AVERAGE MAXIMUM
$290,000 $440,000 $1.3M
Townhouse
370M CLP 860M CLP 3,200M CLP
MINIMUM AVERAGE MAXIMUM
$380,000 $880,000 $3.3M
House
430M CLP 2,600M CLP 3,700M CLP
MINIMUM AVERAGE MAXIMUM
$440,000 $2.7M $3.8M
Villa
520M CLP 2,900M CLP 4,300M CLP
MINIMUM AVERAGE MAXIMUM
$530,000 $2.9M $4.4M

The average price of a studio apartment in Las Condes can range from 43M CLP to 130M CLP depending on location. One bedroom cost can be anywhere from 52M CLP to 320M CLP. A villa can cost you 2,900M CLP on average with prices ranging from 520M CLP to 4,300M CLP.


If you're leasing or purchasing, housing costs in Las Condes will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.

House / apartment prices to income ratio


Property price to income ratio

( average property price / average monthly income ) x 100


35 x103 monthly income 200
MINIMUM AVERAGE MAXIMUM

Property prices in Las Condes can be x103 to x200 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x103 multiples of the average monthly salary in Las Condes.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


20% 30% of income 39%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Las Condes is around 30%. This means that people pay 30% of their income for rent. Those figures can range from 20% to 39% depending on the salary, location, and type of property.


The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Housing Affordability Index
27%

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.


FROM
2%
AVERAGE
3%
TO
4%

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.


3,800 CLP 49,000 CLP 490,000 CLP
MINIMUM AVERAGE MAXIMUM

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.


Single
Spending habits, consumption analysis, and expenditure patterns for a single person living in Las Condes

Housing31%

31% of total expenses on average (19% to 43%)

LOW$210   200,000 CLP
AVERAGE$630   610,000 CLP
HIGH$4,200   4.1M CLP
Per Month

Utilities, Electricity, Water8%

8% of total expenses on average (4% to 13%)

LOW$35   34,000 CLP
AVERAGE$100   100,000 CLP
HIGH$700   680,000 CLP
Per Month

Transport, Fuel6%

6% of total expenses on average (4% to 12%)

LOW$46   45,000 CLP
AVERAGE$140   140,000 CLP
HIGH$930   910,000 CLP
Per Month

Food and Groceries18%

18% of total expenses on average (12% to 23%)

LOW$93   91,000 CLP
AVERAGE$280   270,000 CLP
HIGH$1,900   1.8M CLP
Per Month

Healthcare11%

11% of total expenses on average (5% to 15%)

LOW$52   51,000 CLP
AVERAGE$160   150,000 CLP
HIGH$1,000   1M CLP
Per Month

Leisure, Shopping3%

3% of total expenses on average (3% to 6%)

LOW$29   28,000 CLP
AVERAGE$87   85,000 CLP
HIGH$580   570,000 CLP
Per Month

Education2%

2% of total expenses on average (1% to 4%)

LOW$12   11,000 CLP
AVERAGE$35   34,000 CLP
HIGH$230   230,000 CLP
Per Month

Other Expenses21%

21% of total expenses on average (13% to 25%)

LOW$100   100,000 CLP
AVERAGE$310   310,000 CLP
HIGH$2,100   2M CLP
Per Month


Couple
Average monthly living expenditure breaks and spending patterns for couples in Las Condes

Housing28%

28% of total expenses on average (21% to 38%)

LOW$320   310,000 CLP
AVERAGE$960   930,000 CLP
HIGH$5,100   5M CLP
Per Month

Utilities, Electricity, Water7%

7% of total expenses on average (5% to 11%)

LOW$48   47,000 CLP
AVERAGE$150   140,000 CLP
HIGH$770   750,000 CLP
Per Month

Transport, Fuel10%

10% of total expenses on average (4% to 15%)

LOW$120   110,000 CLP
AVERAGE$350   340,000 CLP
HIGH$1,900   1.8M CLP
Per Month

Food and Groceries16%

16% of total expenses on average (11% to 21%)

LOW$140   130,000 CLP
AVERAGE$410   400,000 CLP
HIGH$2,200   2.1M CLP
Per Month

Healthcare13%

13% of total expenses on average (7% to 17%)

LOW$110   100,000 CLP
AVERAGE$320   310,000 CLP
HIGH$1,700   1.7M CLP
Per Month

Leisure, Shopping4%

4% of total expenses on average (2% to 7%)

LOW$58   57,000 CLP
AVERAGE$170   170,000 CLP
HIGH$930   910,000 CLP
Per Month

Education2%

2% of total expenses on average (1% to 4%)

LOW$19   19,000 CLP
AVERAGE$58   57,000 CLP
HIGH$310   300,000 CLP
Per Month

Other Expenses20%

20% of total expenses on average (14% to 26%)

LOW$160   160,000 CLP
AVERAGE$490   480,000 CLP
HIGH$2,600   2.6M CLP
Per Month


Family
Average monthly expenses and break out of spending for families living in Las Condes

Housing27%

27% of total expenses on average (22% to 37%)

LOW$430   420,000 CLP
AVERAGE$1,200   1.2M CLP
HIGH$6,800   6.6M CLP
Per Month

Transport, Fuel6%

6% of total expenses on average (4% to 8%)

LOW$110   110,000 CLP
AVERAGE$310   300,000 CLP
HIGH$1,700   1.7M CLP
Per Month

Food and Groceries20%

20% of total expenses on average (13% to 26%)

LOW$240   240,000 CLP
AVERAGE$700   680,000 CLP
HIGH$3,800   3.7M CLP
Per Month

Healthcare10%

10% of total expenses on average (6% to 15%)

LOW$110   110,000 CLP
AVERAGE$310   300,000 CLP
HIGH$1,700   1.7M CLP
Per Month

Leisure, Shopping3%

3% of total expenses on average (2% to 7%)

LOW$68   66,000 CLP
AVERAGE$190   190,000 CLP
HIGH$1,100   1M CLP
Per Month

Education14%

14% of total expenses on average (7% to 22%)

LOW$190   180,000 CLP
AVERAGE$540   530,000 CLP
HIGH$3,000   2.9M CLP
Per Month

Other Expenses15%

15% of total expenses on average (8% to 20%)

LOW$160   160,000 CLP
AVERAGE$460   450,000 CLP
HIGH$2,600   2.5M CLP
Per Month


Student
Cost of living and expenses break down for students living in Las Condes

Housing19%

19% of total expenses on average (14% to 25%)

LOW$110   110,000 CLP
AVERAGE$290   280,000 CLP
HIGH$520   500,000 CLP
Per Month

Utilities, Electricity, Water6%

6% of total expenses on average (4% to 10%)

LOW$19   19,000 CLP
AVERAGE$48   47,000 CLP
HIGH$86   84,000 CLP
Per Month

Transport, Fuel5%

5% of total expenses on average (5% to 11%)

LOW$33   33,000 CLP
AVERAGE$84   81,000 CLP
HIGH$150   150,000 CLP
Per Month

Food and Groceries22%

22% of total expenses on average (16% to 26%)

LOW$96   93,000 CLP
AVERAGE$240   230,000 CLP
HIGH$430   420,000 CLP
Per Month

Healthcare8%

8% of total expenses on average (5% to 11%)

LOW$29   28,000 CLP
AVERAGE$72   70,000 CLP
HIGH$130   130,000 CLP
Per Month

Leisure, Shopping3%

3% of total expenses on average (2% to 7%)

LOW$24   23,000 CLP
AVERAGE$60   58,000 CLP
HIGH$110   100,000 CLP
Per Month

Education19%

19% of total expenses on average (12% to 24%)

LOW$91   88,000 CLP
AVERAGE$230   220,000 CLP
HIGH$410   400,000 CLP
Per Month

Other Expenses18%

18% of total expenses on average (12% to 24%)

LOW$72   70,000 CLP
AVERAGE$180   170,000 CLP
HIGH$320   310,000 CLP
Per Month
©copound