Flip the Script on Buenos Aires' Middle Class
Cost of Living for Middle-Class Residents in Buenos Aires
Wanna know what it takes to be a middle-class family in Buenos Aires? Let's break it down. A typical family, with two working adults and a couple of kiddos, needs at least $155,682 to $499,818 a month to live comfortably according to the city's economy[1]. But there's a catch - these figures don't include the cost of housing!
Studies show that a family requiring a minimum income of $1,110,624 a month won't be classified as poor[3]. So, if housing costs aren't covered, that monthly budget could skyrocket.
To get a better understanding of the middle-class lifestyle in Buenos Aires, we've gotta account for the housing expenses which, on average, could amount to 25% to 40% of the total income. This means that our initial range ($155,682 to $499,818) might need an upward adjustment, possibly pushing the lower end closer to $200,000 to $250,000 per month to include housing costs.
However, it's important to note that specific living circumstances can significantly influence the housing expenses. This means actual costs might vary widely, and it's all one giant guessing game.
Now that we got the basics, check out these related topics to dig deeper into living the key-to-the-city lifestyle in Buenos Aires:
- Purchasing Power
- Wages
- Latest News
Food for Thought:
[1] Middle-Class Living in Buenos Aires: How Much Income Do You Need?[2] Rent the Roof Over Your Head: The Unseen Cost of Living in Buenos Aires[3] Poverty Line in Buenos Aires: What's the Minimum Income for a Comfortable Life?[4] Urbanization Trends: Examining Prices and Housing Solutions in Buenos Aires[5] The High Cost of Living: A Case Study on the Rising Cost of Living in Buenos Aires[6] Taxes and Services: How Much of Your Income Goes Towards City Hall?
- In Buenos Aires, even with a monthly income of just $200,000 to $250,000, a middle-class family might still face difficulties in covering housing costs, especially considering that the Total Basic Basket for a family of four was $1,494,546 in May, according to city data.
- To maintain a comfortable lifestyle and cover personal-finance needs, such as housing, a family in Buenos Aires might require a minimum income of $200,000 to $250,000 per month, which is far beyond the threshold of indigence as defined by the Basic Food Basket of $500,281 for a family of four in May.
