Cost of Living in Buenos Aires, Argentina

Buenos Aires, often referred to as the 'Paris of the South,' offers a unique blend of European elegance and Latin American passion. For many travelers and expats, the city represents a high-quality lifestyle at a relatively low cost, particularly for those earning in foreign currencies. While Argentina faces significant economic volatility and high inflation, the capital remains a hub of culture, gastronomy, and education. Living here requires navigating a dual-currency mindset, but the rewards include world-class dining, vast green spaces, and a vibrant social scene that is accessible even on a modest budget.

Rent & Housing Prices in Buenos Aires

3bed outsideARS 820,000 ($820 USD)
1bed centerARS 550,000 ($550 USD)
1bed outsideARS 380,000 ($380 USD)
3bed centerARS 1,100,000 ($1,100 USD)

Food & Dining Costs

Meal, Inexpensive RestaurantARS 12,000 ($12.00 USD)
Three-course Meal for 2, Mid-rangeARS 55,000 ($55.00 USD)
McMeal at McDonaldsARS 9,500 ($9.50 USD)
Domestic Beer (0.5L draught)ARS 3,200 ($3.20 USD)
Cappuccino (regular)ARS 3,500 ($3.50 USD)
Milk (1 liter)ARS 1,400 ($1.40 USD)

Transportation & Commuting

taxi startARS 1,800 ($1.80 USD)
monthly passARS 18,500 ($18.50 USD)
gasoline 1LARS 1,200 ($1.20 USD)
one way ticketARS 370 ($0.37 USD)

Salary, Savings & Financing

mortgage rate65.00%
data noteMortgage rates are extremely high due to local inflation; most property transactions are settled in USD cash.
avg salaryARS 850,000 ($850 USD)

Quality of Life in Buenos Aires

Buenos Aires offers an exceptional quality of life regarding culture, nightlife, and healthcare. The city is highly walkable with extensive public transit (the Subte). While safety is generally good in neighborhoods like Palermo, Recoleta, and Belgrano, standard urban precautions are necessary. The city ranks high in human capital and education in South America, though economic instability remains the primary concern for long-term financial planning.

3 Days in Buenos Aires: A Budget Itinerary

Day 1

Explore the historic Microcentro. Visit Plaza de Mayo, the Casa Rosada, and walk through the historic San Telmo market. Enjoy a choripán for lunch and catch a free street tango performance.

Day 2

Spend the day in Recoleta and Palermo. Visit the Recoleta Cemetery and the El Ateneo Grand Splendid bookstore. Afternoon walk through the Bosques de Palermo and dinner in Palermo Soho.

Day 3

Head south to La Boca to see the colorful Caminito. Return via the modern Puerto Madero waterfront for a sunset stroll in the Reserva Ecológica Costanera Sur.

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