There was one guy here JoshV06 who had over 150 mining units in Houston, Texas which is as hot and humid as it gets.
It looks like he went out of business though.
The location I'm considering wouldn't be as bad as Houston.
If you're talking about cost of cooling you must be talking about air conditioning. Humidity matters with AC.
With fresh air cooling humidity doesn't matter. Your biggest challenge with fresh air cooling is air circulation.
An ambient tempterature of 32C is ok if you can exhaust the heat well. A couple of box fans is a lot cheaper
than AC.
I haven't done the math but the cost of air conditioning will probably kill any profit potential.
There was another recent thread discussing the effects of humidity.
I can guarantee that the cost of AC does not kill profitability. I keep my cards very cool with a dedicated air conditioner and when I move it out of the house and into a small warehouse space I will be starting with a 30 ton liebert CRAC unit that control the humidity and can easily hand the 15 or so rigs I am going to have as I start. Right now I am at 5 rigs and that is the max i can run in my house right now. Keeping them very cool has the added benefit of longevity and also an extra 5-10% hashing than you would not get if ambient temperatures are high. So far my air conditioner adds about 20% to the electricity cost to run the rigs but they also run more effectively and at temperatures in the 40-50's. Its worth it if you have the money to do it.