Argentina is a large, diverse country located in South America. The country is known for its stunning natural landscapes, rich culture, and delicious food, but how does the cost of living in Argentina compare to that of other countries? In this article, we will answer this question and provide a breakdown of costs for singles, couples, and families of four in Argentina.
Local Currency in Argentina
The official currency of Argentina is the Argentine peso (ARS). The Argentine peso is widely accepted in Argentina, and major credit cards are also accepted in many businesses. However, due to the economic instability of the country, there can be wide fluctuations in the exchange rate, and it is recommended to keep an eye on exchange rates when traveling to Argentina.
Cost of Living in Argentina vs UK and USA
The cost of living in Argentina is generally lower than that of the UK and the USA. According to Numbeo, a website that provides information on the cost of living in countries around the world, the cost of living in Argentina is 49.19% lower than in the UK and 56.47% lower than in the USA. This means that it is generally much cheaper to live in Argentina than in either of these countries.
Breakdown of Costs in Argentina
To provide a more detailed understanding of the cost of living in Argentina, we will break down costs for singles, couples, and families of four in the following categories: housing, food, utilities, leisure, transport, clothing, and household goods. All costs are approximate and based on current prices as of 2023.
Housing
The cost of housing in Argentina can vary widely depending on the location and size of the property. According to Numbeo, the average monthly rent for a one-bedroom apartment in the city center is ARS 28,000-34,000, while a three-bedroom apartment in the same location can cost ARS 56,000-70,000 per month. For those looking to buy property in Argentina, the average cost per square meter in the city center is ARS 97,000-122,000.
Food
The cost of food in Argentina is generally affordable, and the country is known for its delicious cuisine. A loaf of bread costs approximately ARS 80, a liter of milk is around ARS 60, and a dozen eggs cost ARS 100. A meal for two in a mid-range restaurant can cost between ARS 1,500 and ARS 2,500. Grocery prices are generally lower than in the UK and the USA, and Argentina is known for its high-quality beef and wine.
Utilities
Utilities such as electricity, water, and gas are generally affordable in Argentina. The average monthly cost for these services is around ARS 7,500-9,000. Internet and mobile phone plans are also reasonably priced, with unlimited internet plans starting at around ARS 2,000 per month.
Leisure
Argentina is known for its rich culture and outdoor activities, and the cost of leisure pursuits in the country can vary depending on the activity. A visit to a museum or art gallery can cost between ARS 100 and ARS 200, while a day trip to a nearby vineyard can cost ARS 2,000-3,000 per person. A cinema ticket costs around ARS 400, and a fitness club membership is approximately ARS 3,500 per month.
Transport
The cost of transportation in Argentina can vary depending on the mode of transportation. A liter of gasoline costs around ARS 120, and a monthly public transportation pass is around ARS 1,500. Taxis are also available, with an initial charge of ARS 100 and a cost ofaround ARS 30 per kilometer.
Clothing
The cost of clothing in Argentina can vary widely depending on the type of clothing and the location. High-end fashion brands can be relatively expensive, while other clothing items can be more affordable. A pair of jeans costs around ARS 3,000, while a business suit can cost between ARS 20,000 and ARS 30,000.
Household Goods
The cost of household goods in Argentina can vary widely depending on the type of goods. A basic set of furniture for a one-bedroom apartment can cost around ARS 70,000, while a washing machine costs approximately ARS 30,000. Electronics such as televisions and laptops can also be more expensive in Argentina due to import duties.
Forms of Payment in Argentina
The most common forms of payment in Argentina are cash and debit/credit cards. The Argentine peso is widely accepted, and many businesses also accept major credit cards such as Visa and Mastercard. However, it is recommended to carry cash as some smaller businesses may not accept cards. ATMs are widely available throughout the country, and currency exchange services are also available.
The cost of living in Argentina is generally lower than that of the UK and the USA, making it an attractive option for those looking for an affordable place to live. The cost of housing, utilities, and transportation is generally reasonable, while food and leisure activities are also affordable. Cash and debit/credit cards are the most common forms of payment, and the Argentine peso is widely accepted. As with any country, the cost of living in Argentina can vary widely depending on individual circumstances and lifestyle choices. However, for those looking for a rich cultural experience and a more affordable way of life, Argentina can be an excellent choice.
