Does it still make sense to retire in Buenos Aires on fixed income?

[Vince]

For those looking else where an interesting article here.

37 Cheapest Cities to Live in the World in 2024 for a $1000, $1500, and $2000

Discover the cheapest cities to live in the world on a budget of $1,000, $1,500, and $2,000 to enjoy a great quality of life for cheap

abrotherabroad.com

Thank you for providing this list. I have found many of those type of lists are totally inaccurate or unrealistic but it looks about right for Buenos Aires, although prices have been going up so that could change. My friends moving to Spain tell me it is comparable to Buenos Aires now and getting cheaper as the inflation continues here. But better quality of life and more job opportunities and also great by the beach if you move to Malaga.

I am reading about more expats complaining about costs on X more and more so we will probably see more and more fade away.

 

[Wally]

For those looking else where an interesting article here.

37 Cheapest Cities to Live in the World in 2024 for a $1000, $1500, and $2000

Discover the cheapest cities to live in the world on a budget of $1,000, $1,500, and $2,000 to enjoy a great quality of life for cheap

abrotherabroad.com

Great article. Thank you for sharing it. I am here for the long haul unless my wife's folk's pass away. BA has become home.

 

[Soytoy]

For those looking else where an interesting article here.

37 Cheapest Cities to Live in the World in 2024 for a $1000, $1500, and $2000

Discover the cheapest cities to live in the world on a budget of $1,000, $1,500, and $2,000 to enjoy a great quality of life for cheap

abrotherabroad.com

Costs have gone up and might go up more but still not too bad and tons of things to do here. For a gay male nothing beats the energy of BA!

 

[Katherina]

There are many cheap and affordable places around the world but many are horrible places with nothing to do or horrible weather much of the year. I notice a lot of expats complaining about the cost of living but it is still better than many places. I just arrived this weekend and I was surprised that some things are much more expensive than a few months ago. I went to some of the same restaurants and the cost in pesos and USD are higher than a few months ago. But I went to Western Union today and still got over 1,000 pesos to $1 USD so that was nice but the MEP rate was only around 950: $1 USD.

 

[Flamingo]

There are many cheap and affordable places around the world but many are horrible places with nothing to do or horrible weather much of the year. I notice a lot of expats complaining about the cost of living but it is still better than many places. I just arrived this weekend and I was surprised that some things are much more expensive than a few months ago. I went to some of the same restaurants and the cost in pesos and USD are higher than a few months ago. But I went to Western Union today and still got over 1,000 pesos to $1 USD so that was nice but the MEP rate was only around 950: $1 USD.

I agree with this. There is no sense to me and my partner to live in only a cheap destination where we would be miserable or nothing to do. We are content living in Buenos Aires with it's many cultural events and we enjoy going to the Opera. Impossible to find all the things to do in Buenos Aires in most retirement destinations around the world. But different strokes for different folks. Some people may want to just do nothing and live by the beach.

 

[Larry]

I think all would agree this isn't the place to retire. Prices are so high now.

 

[Surfer]

You can still get a kilo of delicious steak at my local Jumbo for like $6 USD so who cares about Don Julio. If you are basing your decision of where to retire on that you are in for a world of suffering

How are the local beef prices? I read about a lot of inflation but I read that consumption has gone way down due to prices. What are beef prices like in the stores these days?

Seems like prices have shot up everywhere. The US dollar is very weak in many places now I was looking. I thought about Mexico but prices are very expensive there too.

 

[enbits]

How are the local beef prices? I read about a lot of inflation but I read that consumption has gone way down due to prices. What are beef prices like in the stores these days?

Seems like prices have shot up everywhere. The US dollar is very weak in many places now I was looking. I thought about Mexico but prices are very expensive there too.

Meat will always be cheap in Argentina. 1 kilo asado is around 6 US$ while here in Colombia a small piece of regular meat vacuum packed is like 20US$ ;(. Flying back to Argentina tomorrow, one of the top to-do things is to get a really nice asado. 😋

 

[BuySellBA]

Meat will always be cheap in Argentina. 1 kilo asado is around 6 US$ while here in Colombia a small piece of regular meat vacuum packed is like 20US$ ;(. Flying back to Argentina tomorrow, one of the top to-do things is to get a really nice asado. 😋

Argentina truly has some of the best beef in the world. Being one of the largest beef exporters has its privileges. Beef prices are crazy expensive in many countries right now. Argentina is blessed to have so much beef.

 

[Avocado]

Meat will always be cheap in Argentina. 1 kilo asado is around 6 US$ while here in Colombia a small piece of regular meat vacuum packed is like 20US$ ;(. Flying back to Argentina tomorrow, one of the top to-do things is to get a really nice asado. 😋

Better to say beef will always be cheaper than other country. But maybe not always cheap. Many local people can't eat beef anymore. It too expensive for locals. All you that have USD it cheap for us it not cheap anymore.

 

[Larry]

If only you all listened to Uncle Larry. I told you how expensive it was getting.

Argentina Inflation Near 300% Wipes Out Tourists’ Deep Discounts​

https://archive.is/S9CQz

 

[Wally]

Chile is actually wise. They are putting up a law to get rid of their IVA tax which is almost 20% on all purchases for things by tourists to include Argentines. Many Argentines are going there to buy stuff and shop. I can't wait for a day when Argentina does the same thing. Things here are ridiculously expensive especially electronics.

 

[teddys]

Better to say beef will always be cheaper than other country. But maybe not always cheap. Many local people can't eat beef anymore. It too expensive for locals. All you that have USD it cheap for us it not cheap anymore.

You are very right in what you say, for the locals meat is becoming a luxury, how can this happen when Argentina is the main meat producer, it should be more accessible to its people.
In March the worst record in history in terms of consumption has been detected, it has decreased a lot and this has surprised the producers.

El más bajo de las últimas tres décadas: el consumo de carne retrocedió 18,5% y es uno de los peores registros de la historia | Agrofy News

De acuerdo a la Cámara de la Industria y el Comercio de Carnes (Ciccra) el consumo per cápita de carne vacuna se estima en 42,6 kilos en marzo de 2024

news.agrofy.com.ar

 

[Anchor Baby]

I just saw this online. Wow so if we make over $60,000 USD per year we are considered upper class in Argentina?

https://twitter.com/x/status/1780664165859803214

 

[chester]

If you earn more than 3700 USD per month you belong to the upper class and it is logical! since the average salary of an administrative employee there is 500/600 USD per month...That is why today there is a lot of talk about social differences and the struggle for the disappearance of the middle class, because there are more and more poor people.
The middle class is the hardest hit and suffers the most.



"Sectores acomodados" means upper class

Cuánto hay que ganar para ser de clase media en CABA

Un grupo familiar de cuatro integrantes necesita ingresar a su hogar más de $766 mil para no caer bajo la línea de la pobreza y $442 mil para no caer en indigencia

www.infobae.com

 

[Sunny]

If you earn more than 3700 USD per month you belong to the upper class and it is logical! since the average salary of an administrative employee there is 500/600 USD per month...That is why today there is a lot of talk about social differences and the struggle for the disappearance of the middle class, because there are more and more poor people.
The middle class is the hardest hit and suffers the most.


View attachment 4545
"Sectores acomodados" means upper class

Cuánto hay que ganar para ser de clase media en CABA

Un grupo familiar de cuatro integrantes necesita ingresar a su hogar más de $766 mil para no caer bajo la línea de la pobreza y $442 mil para no caer en indigencia

www.infobae.com

That 3,700+ figure should be for the "clase media alta". The upper class in Argentina earns quite a bit more than that.

 

[Betsy Ross]

I just saw this online. Wow so if we make over $60,000 USD per year we are considered upper class in Argentina?

https://twitter.com/x/status/1780664165859803214

$60,000 US per year is an incredible salary for any family in Argentina. Still you should keep in mind the upper class in Argentina have a considerable amount of money that is not reported anywhere. Argentina is a country of tax evaders and most wealthy families have many streams of income that probably aren't being reported to any tax agencies. But if you're question is @Anchor Baby if you will comfortably live on $60,000 a year in Argentina you can. The biggest part of the equation is how much you spend on your rent.

 

[earlyretirement]

That 3,700+ figure should be for the "clase media alta". The upper class in Argentina earns quite a bit more than that.

Totally agree. People mistakenly assume everyone is earning very little here but that is far from true. Lots of professionals here earning six-figure USD inoomes. Also, a ton of people employed by USA or European companies and not declaring all of that income with AFIP. I know tons of friends that are employed by foreign employers and they only declare a small portion of that.

$60,000 US per year is an incredible salary for any family in Argentina. Still you should keep in mind the upper class in Argentina have a considerable amount of money that is not reported anywhere. Argentina is a country of tax evaders and most wealthy families have many streams of income that probably aren't being reported to any tax agencies. But if you're question is @Anchor Baby if you will comfortably live on $60,000 a year in Argentina you can. The biggest part of the equation is how much you spend on your rent.

YES! You totally get it.