The Cost of Living in Argentina | An Expert Guide

Argentina, a South American country known for its diverse landscapes, rich culture, and passionate people, is an attractive destination for expats and tourists. With a population of about 45 million, Argentina has experienced economic challenges but remains a popular choice due to its relatively low cost of living.

The Argentine economy has faced fluctuations in recent years, characterized by periods of high inflation and currency devaluation. However, these factors often result in a favorable exchange rate for foreigners, making Argentina an affordable option for many.

The expat community in Argentina is diverse and welcoming, with many foreigners drawn to the country for its vibrant lifestyle, cultural offerings, and natural beauty. Major cities like Buenos Aires, Córdoba, and Mendoza offer a blend of European-influenced architecture and modern amenities that appeal to newcomers.

Housing Costs in Argentina

Housing costs in Argentina are generally affordable, particularly when compared to many Western countries. As of 2024, the average rent for a one-bedroom apartment in the city center is approximately $389 per month. Outside the city center, rents are even lower, typically ranging from $200 to $267. In smaller cities or rural areas, rents can be even more affordable:

1. Buenos Aires: The capital city has the highest rental prices in Argentina. A three-bedroom apartment in the city center can cost around $716 per month1.
2. Córdoba: As the second-largest city, Córdoba offers lower rents than Buenos Aires.
3. Mendoza: Known for its wine region, Mendoza's rental prices are moderate compared to Buenos Aires.
4. Rural Areas: Smaller towns may offer even more affordable options.

Summary:

• Rent (1-bedroom apartment, city center): $389/month1
• Rent (1-bedroom apartment, outside center): $200-$267/month1
• Rent (3-bedroom apartment, city center): $716/month1

Food Costs in Argentina

Food costs in Argentina are relatively low. A typical grocery bill for a single person might range from $304 to $437 per month. Dining out is also affordable; a meal at an inexpensive restaurant costs around $8.60 while a three-course meal for two at a mid-range restaurant can cost about $31.20.

Grocery Costs:

• Bread: Approximately $1.65 for a loaf1
• Milk: Around $1.19 for a liter1
• Eggs: Roughly $2.05 for a dozen1
• Chicken fillets: About $5.60 per kilogram1
• Fresh fruits and vegetables: Prices vary but expect around $1-$2 per kg for most items1.

Dining Out:

• Meal at an inexpensive restaurant: $8.602
• Three-course meal for two at a mid-range restaurant: $31.202
• Fast food combo meal: Approximately $6.852

Summary:

• Monthly groceries (1 person): $304-$4372
• Meal at inexpensive restaurant: $8.602
• Three-course meal for two (mid-range restaurant): $31.202
• Bread: $1.65/loaf1
• Milk: $1.19/liter1

Transportation Costs in Argentina

Public transportation in Argentina is affordable and well-connected in urban areas. A monthly public transport pass typically costs around $15.

Public Transport:

1. Bus: Offers extensive routes throughout cities with fares starting at approximately $0.421.
2. Subway (in Buenos Aires): The underground system is efficient and affordable.

Driving Costs:

For those who prefer driving:

1. Gasoline prices hover around $0.96 per liter1.
2. Taxi rides start at about $1.00 with an additional $1.00 per kilometer1.

Summary:

• Public transport monthly pass: $151
• Gasoline: $0.96/liter1
• Taxi start fare: Approximately $1.00 + $1.00 per km1

Healthcare Costs in Argentina

Argentina has a public healthcare system that provides free or low-cost care to residents. However, many expats opt for private health insurance for quicker access to services and more comprehensive coverage.

Public Healthcare:

Public healthcare is funded through general taxation and provides essential services.

Private Insurance:

Private health insurance premiums can vary depending on coverage levels and provider.

Summary:

• Public healthcare: Free or low-cost for residents
• Private health insurance: Costs vary

Utility Costs in Argentina

Basic utilities including electricity, heating, cooling, water, and garbage for an average apartment typically cost between $56.55 and $120 per month:

Breakdown:

1. Electricity, Heating, Cooling, Water, Garbage: Combined utilities average around $56.55 monthly for an 85m2 apartment1.
2. Internet Service: Usually ranges from $10 to $40 per month depending on speed1.

Summary:

• Basic utilities (average apartment): $56.55-$120/month1
• Internet: From $10-$40/month1

Example Table of Household Expenses in Argentina