Cost of Living in Argentina

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Argentina is often cited as a desirable place to retire as it offers expats a good quality, yet affordable lifestyle. There is certainly some truth in this, and if one's income is from an offshore source, money can go a long way.

That said, foreigners looking to find the promised land should be wary of the yo-yo nature of the country’s economy – one minute booming, the next crashing. This instability often leads to spiralling inflation and soaring prices.

The cost of living in Argentina's rural areas is probably a third lower than a metropolitan area like Buenos Aires. This capital city ranked 133rd out of 209 cities in the Mercer Cost of Living survey for 2019 which puts it in line with cities like Montreal and Stockholm.

Cost of food in Argentina

Supermarket prices for certain items are slightly cheaper 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 bill down; but this can be time-consuming and expats tend to follow the ‘one shop a week’ pattern rather than the daily food shop that locals are used to.

Cost of transport in Argentina

Vehicles are an expensive commodity in Argentina. The country no longer has a car manufacturing industry of its own and import taxes on cars are exorbitant. Strangely though, second-hand cars hold their value, and it is not unusual to buy a car, use it for several years and then 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 property purchase or rental as it really does vary hugely from province to province; urban prices are significantly higher than rural prices. One thing to consider is that since many Argentinians aren't in the position to buy property anymore, the demand for places to rent is high. As foreigners hoping to rent will be required to provide a deposit and several months of rent in advance as well as a guarantor.