Cost of Living in Argentina

Often recognised as a desirable retirement haven, Argentina offers expats an affordable yet high-quality lifestyle. The country's economy is, however, known for spiralling inflation, which often causes soaring prices. That said, expats whose finances can withstand the unpredictable nature of Argentina's economy will enjoy life in the country.

The cost of living in Argentina's rural areas is much lower than in its metropolitan cities. The country's capital, Buenos Aires, was ranked as the world's 114th most expensive city out of 227 cities surveyed in the Mercer 2022 Cost of Living Survey. The rising cost of living has made Buenos Aires one of the most expensive cities in South America, with Santiago in Chile (130th) trailing closely behind.

Cost of food in Argentina

Supermarket prices for certain items in Argentina are slightly more affordable than in the UK. If expats have the time to shop around, particularly for fruit and vegetables, which are much cheaper from the roadside stalls, they can bring their grocery bills down.

Cost of transport in Argentina

Cars are an expensive commodity in Argentina. The country no longer has a car manufacturing industry, and vehicle import taxes are hefty. Strangely enough, though, second-hand cars hold their value quite well, and it is not unusual to buy a car, use it for several years and sell it at the same price or even more than one paid for it.

Cost of accommodation in Argentina

It is almost impossible to give average prices for either purchasing or renting property in Argentina, as it varies widely between provinces. Demand in the rental market is especially high, since many Argentinians are no longer in the position to buy property. Foreigners hoping to rent will be required to provide a guarantor, a deposit and several months of rent in advance.

Cost of living in Argentina chart

Prices may vary depending on location and service provider. The table below is based on average prices in Buenos Aires for August 2022.