Cost of living in Argentina, prices and what it is like to live for an Expat, quality of life / hardship, and compare cost of living for Expatriates as at April 2020. What is it like to live in Argentina?
Argentina is in Southern South America, bordering the South Atlantic Ocean, between Chile and Uruguay.
The climate is mostly temperate but arid in the southeast and sub antarctic in the southwest.
The official language is Spanish. English and Italian (Italians are the single largest immigrant group) are widely spoken in business circles in the capital Buenos Aires, though efforts to speak some Spanish are appreciated. Otherwise English is generally spoken only in centres catering to tourists.
The main religion is Christianity.
The economy of Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector and a diversified industrial base. Historically, however, Argentina's economic performance has been very uneven, in which high economic growth alternated with severe recessions, particularly during the late twentieth century. Early in the twentieth century it was one of the richest countries in the world, though it is now an upper-middle income country.
In Argentina close personal space is normal during conversations and when greeting. For example males may embrace upon meeting. Men will generally kiss close female friends on the cheek. Business attire is typically conservative, dark suits and ties for men and blouses and dark suits or skirts for women. Women are treated with respect and courtesy by men and hold posts at the highest levels, however they should avoid walking alone at night, particularly in isolated areas. The safety risk for expatriates in Argentina is low. Risks include petty and opportunistic crime, violent crime (mainly in some of the settlements in the industrial belt of Buenos Aires), as well as demonstrations and clashes between protesters and the police.
The currency of Argentina is the Argentine Peso (ARS). Banking is on a par with that of Western Europe and North America. ATMs and credit cards are widely used.
Health care facilities are good, but can be expensive. Government hospitals can be crowded. Asthma, sinus and bronchial problems can be aggravated by pollution in major cities. Dengue fever occurs.
The population is 43.8 Million (2019 est.), and the inflation rate (CPI) is 50.3% for Argentina as at February 2020.
The Xpatulator Hypothetical Tax for Argentina is based on the current personal income tax rates which are progressive up to 35%.
Within Argentina we also cover
Buenos Aires, Cordoba, and Rosario.
Cost Of Living
What is the cost of living in Argentina?
The cost of living for expatriates in Argentina as at April 2020 is very low in comparison to other places in the world. We have collected prices for the same items, world wide, based on Expat spending norms, in or closest to the location, and converted them to $USD so that we can compare the cost of 13 different baskets in 780 global locations. For each basket, compared to New York, the equivalent cost in Argentina is as follows:
1) Alcohol and/or Tobacco: for items such as beer, spirits, wine and tobacco related products such as cigarettes. A basket costing USD$1000 in New York costs USD$610. Average price in a store for a midrange bottle of wine is USD$5.28, domestic/local beer (500ml) USD$1.51, imported/international beer (330ml) USD$2.31 and a pack of 20 cigarettes is USD$2.33. 2) Clothing: for items such as business, casual and children's clothing and footwear. A basket costing USD$1000 in New York costs USD$870. Average price for an international brand of mens jeans is USD$53, a quality international brand of running shoes USD$65, mens leather shoes suitable for office wear USD$70 while a medium size international summer dress from a global chain store is USD$38. 3) Communication: for various communication costs such as home telephone rental, internet subscription, mobile service provider tariff and data costs. A basket costing USD$200 in New York costs USD$140. Average price for a monthly standard plan internet subscription is USD$29, while the benchmark mobile tariff is USD$0.11 per minute. 4) Education: for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. A basket costing USD$30000 in New York costs USD$18000. Average annual private international school fee (excluding extras) USD$11,749 for Primary School, and USD$13,074 for High School. 5) Furniture & Appliances: for items such as dining table and chairs, home entertainment, kitchen appliances, and sofas. A basket costing USD$2500 in New York costs USD$1500. Average price for a 6kg front loader Washing Machine is USD$609, and USD$522 for a 46+'' LED UHD TV. 6) Groceries: for items such as consumables, cleaning products, dairy, fresh fruit & vegetables, general food products, snacks, soft drinks. A basket costing USD$1000 in New York costs USD$460. Average grocery prices in a major international retail store for 1 kg apples is USD$1.51, 1 kg oranges USD$0.91, 1 head lettuce USD$0.88, 1 kg potatos USD$0.74, 1 kg boneless, skinless, chicken breast USD$5.02, 1 kg cheddar cheese USD$9.33, 1 dozen large eggs USD$1.78, 500g loaf white bread USD$1.27, 1 L full cream milk USD$1.26, and 1.5 L water USD$1.20. 7) Healthcare: for general heath care, doctor visits, hospital stays, non-prescription medicine, and medical insurance. A basket costing USD$1000 in New York costs USD$520. Average healthcare cost for a private practice Doctor visit for an uninsured patient is USD$42, and a private hospital stay per day including nursing care, medications, diagnostic tests, food, and related costs is USD$1,296. 8) Household Accommodation: for items such as apartment rent, house rent, property purchase, mortgage rate, and utilities. A basket costing USD$5000 in New York costs USD$2100. Average expatriate house / apartment rent for a secure upmarket unfurnished apartment (3 bedrooms) is USD$2,140 in a central location, and USD$1,310 in a suburban location, per month, excluding utilities. 9) Miscellaneous: for items such as dry cleaning, linen, magazines, newspapers, office supplies, and postage stamps. A basket costing USD$500 in New York costs USD$245. Average price for dry cleaning (1 mens 2 pc suit) is USD$4.75, while an international newspaper is USD$1.46. 10) Personal Care: for items such as cosmetics, hair care, and toiletries. A basket costing USD$500 in New York costs USD$205. Average cost for a mens haircut and blow dry is USD$16, while a womens hair colour, cut and blow dry - medium length is USD$82. 11) Recreation & Culture: for items such as books, cinema, sport and theatre tickets. A basket costing USD$500 in New York costs USD$275. Average price for a latest release international cinema ticket (average of on and off peak where applicable) for one adult is USD$8.13, and an international fitness, recreation or sports club membership cost for one adult is USD$34 per month. 12) Restaurants Meals Out and Hotels: for items such as hotel daily room rates, meals and beverages in a restaurant, and take away food and beverages. A basket costing USD$1000 in New York costs USD$420. Average cappuccino price (regular, medium) is USD$2.16, coke/pepsi (330ml) USD$1.40, burger meal (international franchise or similar) USD$6.97, and a mid-range international restaurant meal for 2 USD$27.87. 13) Transport: for items such as fuel (petrol/gasoline), car hire, public transport, vehicle purchase and maintenance. A basket costing USD$1000 in New York costs USD$450. Average average price over the last year for highest available octane petrol / gasoline (1L) is USD$0.86, while the benchmark car sedan purchase price including taxes/duties for a compact / small / economy vehicle (1.4 L) is USD$16,010. How does the cost of living in Argentina compare?
Argentina is -38.3% cheaper than USA for groceries, -25.7% cheaper for household costs than UK, and -5.2% cheaper for transport costs than India.
What is the quality of life / hardship in Argentina?
Argentina is ranked as a some hardship location.The hardship premium for Argentina for an expat from Australia, is for example 10%, i.e. host location (Argentina) premium of 20% minus home (Australia) location premium of 10%.
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