Q.3 2022

LATAM Data Points

A Selection of AIRINC Research Results

This quarter’s cost of living research was conducted primarily in North America, Central and South America, the Middle East, Africa, and maritime Southeast Asia-Pacific. This page lists the results for Latin America; please visit Data Points for the global results.

Housing Update

Snapshots of expatriate-quality rental markets in Latin America


Venezuela country in blue

Venezuela is battling with staggering but expected inflation. This has filtered down to expatriate rental markets, with rising costs for everything related to property maintenance and upgrades. While the supply of expat housing isn’t necessarily limited, the demand for the best quality and most secured properties has been robust.

Goods and Services Inflation

Selected locations with inflation higher than 5% for 6 months
Bahamas flag
Barbados flag
Brazil flag
Chile flag
Colombia flag
Costa Rica flag
Costa Rica
Cuba flag
El Salvador flag
El Salvador
Guatemala flag
Haiti flag
Honduras flag
Mexico flag
Nicaragua flag
Paraguay flag
Puerto Rico flag
Puerto Rico
Suriname flag

Selected 3-month Exchange Rate fluctuations of more than 5%


Currency: ARS

Change vs EUR: -9.5%

Change vs USD: -14.2%


Currency: CLP

Change vs EUR: -1.6%

Change vs USD: -6.7%


Currency: COP

Change vs EUR: -6.8%

Change vs USD: -11.6%

Costa Rica

Currency: CRC

Change vs EUR: 13.1%

Change vs USD: 7.2%

Dominican Republic

Currency: DOP

Change vs EUR: 8.7%

Change vs USD: 3.2%


Currency: JMD

Change vs EUR: 7.1%

Change vs USD: 1.7%


Currency: MXN

Change vs EUR: 6.1%

Change vs USD: 0.6%


Currency: SRD

Change vs EUR: -14.3%

Change vs USD: -18.8%


Currency: VES

Change vs EUR: -29.1%

Change vs USD: -32.7%

Tax Update

Changes in expatriate tax




Barbados introduced a Pandemic Contribution Levy equal to 1% of income exceeding BBD 75,000 annually or BBD 6,250 monthly. The levy is intended to be temporary, applicable for the 12-month period April 1, 2022 to March 31, 2023. The levy is not deductible for regular income tax purposes. The net effect is an increase in tax for higher incomes. Social security is unchanged.


The temporary COVID-19 solidarity surcharge of 10% on taxable incomes exceeding SRD 150,000 has expired. This reduces the top marginal tax rate from 48% to 38%. The net effect is a decrease in tax for all incomes.

Research Location Update

Q.3 2022 Researched Locations and Upcoming Q.4 2022 Locations

AIRINC researches more than 150 locations each quarter; please visit Data Points for the global results.

Q.3 2022 Researched Locations
Q.4 2022 Upcoming Locations

AIRINC How Mobility Leaders Stay Ahead of the Curve

White Papers & Articles

Mobility Optimization Paper

In this period of transition and reinvention, many companies are reorganizing their Mobility functions to address changes to their business or talent environments. We recently interviewed six Mobility leaders to learn how they are optimizing their Mobility functions. Everyone agreed that an optimized Mobility function is one that adds value to the organization by offering customers the right balance of skillsets and resources.

AIRINC Developmental Assignments & The Importance of Knowing Your Audience

White Papers & Articles

Developmental Assignments & the Importance of Knowing Your Audience

Many mechanics of a developmental assignment are like that of a traditional expat assignment. Tax equalization, immigration support, and a COLA are commonly provided for both move types. However, developmental assignments target a specific type of employee: emerging talent, typically below age 35, that shows growth potential to the business.

AIRINC Mobility Outlook Survey 2022

Benchmark Surveys

2022 Mobility Outlook Survey

Global Mobility has emerged from the pandemic as a remarkably different function. After a second year managing travel restrictions, heightened immigration complexity, and remote work consequences, Mobility has honed its compliance skills and is shifting focus to address its next big challenge – helping attract and retain top talent.

AIRINC 2022 Remote Work Playbook

White Papers & Articles

2022 Remote Work Playbook

In our first version of this playbook published in 2020, it was not clear if the rise of remote working would continue or only be a temporary pandemic phenomenon. It is now clear that remote work is here to stay.

For More Information

Please contact your Client Services representative for more details and further information.

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