Cost of living

The cost of living in Argentina varies widely between provinces, but even in Buenos Aires costs compare well to many global capitals.

Covid-19 latest information

This guide is an accurate reflection of the pre-Covid-19 business environment in Argentina. Please note that due to the current situation, some circumstances may have changed in this country. Figures and data in the guide were last updated in May 2021.

Highlights

  • While prices can be volatile, it is easy to live in Argentina at a relatively low cost.
  • Two million foreign nationals currently live in Argentina.
  • The country has a vibrant arts scene: Buenos Aires city alone has more than 400 theatres.
Cost of Living Country Index (Rank)
431
Quality of Living City Index (Rank)
91 (Buenos Aires)2
International Property Rights Index (Rank)
793

While supermarket prices are often as high as in European or US cities, cheaper food can be found at markets and roadside stalls.

The fluctuating economy and changing government policies affect pricing. For instance, electronic goods have been expensive for Argentinians due to import tariffs, but those are now being lifted. Conversely, electricity prices, once heavily subsidised, are now rising.

Quality of life

Expats are drawn to Buenos Aires by its cosmopolitan, easy-going atmosphere and its almost European character. Cities such as Córdoba and Mendoza offer similarly attractive lifestyles. Outside urban areas, the range of Spanish dialects may be daunting to some overseas visitors.

The climate in Argentina varies from sub-tropical in the north to Arctic in the south, but the weather in Buenos Aires is generally warm and temperate.

In Mercer’s 2019 Quality of Living Index, Buenos Aires is ranked 91, topping the list as Latin America’s best city to live in.

Accommodation

(average monthly rent in Buenos Aires)

Furnished two-bedroom house ARS 30,000
Unfurnished two-bedroom house ARS 20,000
Furnished two-bedroom apartment ARS 15,000
Unfurnished two-bedroom apartment ARS 10,000

Property costs vary hugely, with urban prices much higher than in ruralareas. Expats can expect to pay more than locals.

Utilities

Mobile call rate (mobile to mobile per minute) ARS 5
Internet (uncapped ADSL or cable) ARS 750
Basic utilities (for small household) ARS 1,550
Hourly rate for domestic cleaner ARS 100

Relocation

  1. 1

    Register at your local commune

    Any foreigner planning to live in Belgium for more than three months must apply for a residency permit. This must be done by registering at the local town hall within eight days of arrival in the country.

  2. 2

    Get healthcare insurance

    Register with a state insurance scheme in order to gain access to state Belgian healthcare. This will be vital for claiming reimbursements on medical expenses in Belgium.

  3. 3

    Open a bank account

    Anyone relocating to Belgium will need a local bank account which their salary can be paid into, and from which they can pay their rent. Separate business bank accounts can also be set up.

  4. 4

    Basic and emergency healthcare is free to all.

    The public system is underfunded and waiting times can be long; most expats opt for private cover.

Commercial real estate

Buenos Aires offers over 20 million square feet of office space. In recent years scarce supply has seen rental values rise to around USD30 per square foot.

The city also has Argentina’s largest industrial property market, including over 10,500 acres of industrial parks. Vacancy rates were around 10% in 2018 with average rents around USD9 per square foot.

1 Numbeo, 2021

2 Mercer, 2019

3 Property Rights Alliance, 2020