Cost of Living in Argentina (2024)

FAQs

How is the cost of living in Argentina? ›

Summary of cost of living in Argentina: A family of four estimated monthly costs are 1,612.6$ without rent. A single person estimated monthly costs are 452.2$ without rent. Cost of living in Argentina is, on average, 60.8% lower than in United States.

In terms of percentage of GDP, the country's agricultural and industrial sectors were similar to those of developed countries, but they were considerably less efficient. And, despite a high standard of living by South American standards, Argentina had a foreign debt ratio comparable to that of less-developed countries.

How is the house price in Buenos Aires? Buenos Aires is a big city, few houses are availables, most market are apartments. The prices are around usd 100.000 and usd 500.000. A House if availabe can cost between usd 250000 and 1 or 2 millions.

Monthly rents for an apartment in Argentina 2023

In December 2022, the monthly rent for a one-bedroom apartment in the city center in Argentina cost approximately 273 U.S. dollars, whereas a three-bedroom apartment in the same location averaged 494 U.S. dollars.

In Argentina, the typical monthly salary is around 45,200 Argentine pesos (ARS), which is roughly equivalent to USD 199 (based on the May 2023 exchange rate). It's important to note that this is an average, and actual salaries can vary depending on your job, education level, and where you live in Argentina.

In January 2024, it was estimated that a Big Mac burger in Argentina would cost an average of 3.83 U.S. dollars. Overall, Argentina ranked second with one of the lowest prices for a Big Mac in selected Latin American countries.

Today, about 40 per cent of Argentinians are living in poverty and the economy is barrelling towards recession. A long-running economic crisis, exacerbated by a global spike in inflation since the end of the pandemic, has sent Argentina's cost of living skyrocketing to 30-year highs.

When asked how they would rate Argentina's quality of life, 51 percent of respondents stated the South American country had good health and education systems.

Argentina's Poverty Levels Hit 57% of Population, a 20-Year High in January, Study Finds. Feb. 19, 2024, at 4:55 p.m.

How much is $1000 in Argentina in usd? ›

In Argentina, US dollars are generally accepted in tourist areas but are not legal tender or widely accepted in the rest of the country. Chilean and Argentinian Pesos are not considered major currencies, and so banks and foreign exchange companies in your home country are unlikely to have a readily available supply.

This statistic displays the average cost of a mid-sized car — equivalent to a Volkswagen Golf, without extras — in Buenos Aires, Argentina in 2018 and 2019. In 2019, the average cost of a mid-sized car in Buenos Aires amounted to approximately 16,407 U.S. dollars, down from 21,394 U.S. dollars a year earlier.

According to Numbeo, the cost of living in Argentina is 85% less than in the United States, and a couple can comfortably live on $1,500-$1,800 per month. A single individual, in turn, can live comfortably on anywhere between $1,000- $1,300, or even less, depending on the city or town they are retiring to.

This vibrant South American country hosts more than 60,000 expats already. Moving to Argentina from the USA for work and staying there for a long term will require you to obtain a valid visa. In general, for a short-term visit to Argentina, American citizens do not require a visa.

In Buenos Aires, for example, you can expect to pay around $300 to $800 per month for a one-bedroom apartment in the city center. Outside of the city center, prices may be slightly lower. 2. Food: Grocery costs are generally affordable in Argentina.

With careful planning and research, a budget traveler can expect to spend around $50 to $70 per day, including accommodation, food, transportation, and activities. On the other hand, a mid-range traveler can expect to spend approximately $100 to $150 per day, allowing for a bit more comfort and indulgence.

Living Costs in Argentina

Overall, you can live comfortably as a single person on $1,000 to $1,200 per month or $2,000 to $2,200 a month for a couple; however, many retirees spend less. How much you need to spend depends on your lifestyle and the residing area you choose.