Argentina Wages 2024 | Minimum & Average | Take-profit.org (2024)

FAQs

What is the average salary in Argentina 2024? ›

Average salary overview in 2024

In Argentina, the typical monthly salary is around 374,320.39 Argentine pesos (ARS), which is roughly equivalent to USD 425 (based on the May 2024 exchange rate).

Argentina Annual Household Income per Capita reached 4,522.736 USD in Dec 2023, compared with the previous value of 4,354.647 USD in Dec 2022.

The minimum wage in Argentina is just US$196 at the current exchange rate – its lowest point in the last 20 years and the worst of all countries in the region.

What income range is considered upper class in Argentina? 'Upper class' isn't a commonly agreed category in Argentina, and income certainly doesn't define it. A high earner these days will make at least USD 1,500 a month, or 20,000 a year. Possibly more if it's a job that comes with bonuses and extras.

How is the house price in Buenos Aires? Buenos Aires is a big city, few houses are availables, most market are apartments. The prices are around usd 100.000 and usd 500.000. A House if availabe can cost between usd 250000 and 1 or 2 millions.

Cost of Living and Housing

Single individuals can expect to get by on about $1,000 per month.

Argentina's main source of income is from its service sector, which accounts for more than half of its GDP. This includes activities such as retail, tourism, and financial services. However, agriculture and manufacturing also play important roles in the economy.

Monthly rents for an apartment in Argentina 2023

In December 2022, the monthly rent for a one-bedroom apartment in the city center in Argentina cost approximately 273 U.S. dollars, whereas a three-bedroom apartment in the same location averaged 494 U.S. dollars.

Immersing yourself in the enchanting embrace of Buenos Aires comes with a price tag ranging from $1,600 to $2,000 per month. The cost of living in Argentina's capital hits the sweet spot—approximately 30% to 50% more affordable than the United States, Canada, UK, Germany, or Singapore.

Is it cheaper to live in Argentina than the US? ›

Cost of living in Argentina is 49% cheaper than in United States.

The updated Anker Gross Living Wage for June 2023 is ARS 232,709 per month, and comprises a Net living Wage of ARS 193,149, plus social security contribution of ARS 39,560. Inflation in this period was 430.9%.

In 2021, the average personal wealth of the richest one percent in Argentina was valued at 795,200 euros. That very same year, the bottom 50 percent held an average wealth of merely 3,500 euros (or 234,090 Argentinian pesos at the time of publishing), equivalent to 5.7 percent of the national wealth.

In Argentina, the typical monthly salary is around 45,200 Argentine pesos (ARS), which is roughly equivalent to USD 199 (based on the May 2023 exchange rate). It's important to note that this is an average, and actual salaries can vary depending on your job, education level, and where you live in Argentina.

Self-employed expats in Argentina are subject to social security taxes in both Argentina and the United States, a consequence of the absence of a totalization agreement between the two countries.

The average median household income (PPP) was $40,094 in 2021. Argentina's median household income (PPP) hit $31,385 in 2021, an increase of 3.1% over the previous year.

Monthly rents for an apartment in Argentina 2023

In December 2022, the monthly rent for a one-bedroom apartment in the city center in Argentina cost approximately 273 U.S. dollars, whereas a three-bedroom apartment in the same location averaged 494 U.S. dollars.

The World Bank classifies Argentina as a high-income nation.