Goinglobal Insights: Cost of Living in Argentina

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Imagine working abroad for the first time, armed with all the information you need to successfully acclimate yourself to the work environment, social scene and overall cultural customs? That is where Goinglobal steps in. Goinglobal is committed to providing you with an arsenal of career information and resources to ease the transition abroad and help you be prepared before you leave. We have career country guides for over 30 countries, written by in-country researchers, aimed to help you as a professional, regardless of whether you are a novice or seasoned expat.

Every week, we will feature an insight from one of our global career guides to help you achieve your dream of working internationally.

Today’s Tip: Knowing the cost of living in Argentina

By North American and European standards, the cost of living is very low in Argentina. According to a global cost of living survey for expatriates conducted by UBS, the average cost of a basket of products and services in Buenos Aires is 45 percent of the cost of the same basket in New York, the most expensive city for expatriates in the Americas.

Transportation

Due to road congestion and the high cost of parking in Argentina’s cities, most people utilize public transportation. Each of Argentina’s cities has urban bus, or colectivo, service. In Córdoba, Mendoza and Rosario, buses are supplemented with trolley buses which are powered by overhead wires. Buenos Aires has a subway system (known as Subte, short for subterráneo) as well as a network of commuter trains covering its suburbs.

Medical Care and Health Insurance

Argentina’s public health care system has been ravaged by inefficiency, corruption and the paralyzing economic downturn occurring in the early part of this century. Nearly half of all Argentines are covered by healthcare programs funded by their employee union and administered by one of many Obras Sociales. Forty percent do not have health insurance and about 10 percent are covered by private insurance plans. Those who do pay into the public plan pay six percent of the first 4,800 ARS (1,520 USD) in gross earnings plus 1.5 percent of the first 4,800 ARS of gross earnings for each dependent.

This is just a sample of what you’ll find in the complete Argentina guide. To learn more about Goinglobal and our other country guides, please visit www.goinglobal.com

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