Prices have gone up worldwide, but the devaluation of the Argentine Peso brought about the low cost of living in Argentina.
It is advisable to set up an Argentinean bank account if you are staying for more than three months in Argentina.
Housing and Real Estate
The greatest asset of this South American country is its land, which totals an area of 2,766,890 kilometers. Expats will find cheap land in this country and there are currently no restrictions on foreigners buying real estates.
Keep in mind that the business climate in Argentina is different from that in the US and Europe. If you are a foreigner, you are expected to pay cash for purchasing real estate.
Prices vary depending on the location. If you are thinking of buying in a wine growing area like Mendoza or the suburbs of Buenos Aires, don't expect it to come cheap (approximately US$20,000 to US$25,000 per hectare).
Renting in Argentina can be cost effective for expats but remember that most transactions are carried out in cash. The northern suburbs of Buenos Aires cater to the corporate expat market, particularly to those who have children. A typical house with three bedrooms, three bathrooms with a pool and a yard will cost from US$1200 to $2500 monthly. The security deposit is equivalent to a month's rent.
If you are interested in making an investment, a 1000 square foot apartment costs from approximately US$175,000 to US$200,000.
Utilities
Living in an apartment in Buenos Aires will mean paying a monthly maintenance fee. Prices vary depending on the amenities of the building - from US$43 to US$173.
The market in ISP is in demand; a good connection will cost US$20.00. Thus, electricity, cable and an internet package can cost you an average of US$70 monthly.
Food Consumption
Argentina is the world's major producer of food and is famous for its beef. Steak is the daily staple meal, which leaves little room for variety. Vegetarians will not find Argentinean cuisine a delight.
Dining at a fancy restaurant costs less than US$20 per person.
As a top producer of wine, expats will be surprised to pay US$ 7 for a good quality bottle of wine.
Tips
Leaving a tip in Argentina is customary and calculating ten percent of the bill for service is the norm.
Education
All schools adhere to the standard curriculum set by the Argentine National council of Education. Education from elementary to university level is at no cost.
Health Insurance/Medical Expenses
Compared to the US, private health care is affordable in Argentina. An insurance that includes foreign travel for a period of two months costs approximately 516 pesos monthly (US$165).
A check up with a doctor will cost anywhere from US$17 to US$50.
Transportation
Taking a bus is the cheapest and most popular mode of travel in Argentina. "Guea T" is a helpful map in Buenos Aires you can use to check the entire bus route and the costs in the city.
Taking a cab is also affordable. Most of the taxi drivers are honest despite the rumors that they charge foreigners more. To put your mind at ease that you are paying the correct fare, use pre-arranged taxis.
Car rentals are also an option. A passport and valid license is all you need to rent a car.
Taxes
The taxes are high in Argentina but expats will find it appealing that no income tax needs to be paid if you generate an income from abroad and transfer the funds to Argentina.
Argentine nationals and expats are subject to the same taxes.
In a nutshell, you can live a comfortable life for a monthly maximum of around US$900 if you get out of the city.
More Expat Resources
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