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Cost of living in Uruguay is higher than in Argentina at the moment, mostly due to rent being close to twice as much. I pay U$ 700 in rent+expenses and it's no
by GFischer 12y ago
Cost of living in Uruguay is higher than in Argentina at the moment, mostly due to rent being close to twice as much.
I pay U$ 700 in rent+expenses and it's not uncommon in a "good" neighbourhood (I was paying close to U$ 1000 before, including very high apartment expenses, in one of the better neighbourhoods called Punta Carretas, think Palermo, before I had to downsize).
If you own your own home, living becomes much cheaper, but I don't :( and they're incredibly expensive right now (the housing bubble never burst here, though it has slowed down).
Food is more expensive here as well, but not as much as housing.
I pay U$ 700 for food and going out for 2 people (We do eat takeaway and go out a lot, so it's definitely not normal. But I get paid U$ 300 in meal vouchers which suck).
So I have U$ 400 for the rest (including gas, insurance, medicine, any extra expenses...), so I basically can't save (I could if I cut down on the eating and going out part).
"Real" salaries are higher I think, so it makes up for a bit of the difference between Uruguay and Argentina.
But still, I'll never be able to afford a house unless the housing bubble bursts or I start working abroad.
I'm including social security and healthcare in the "taxes" part (that's why I said take home pay could be 60%), I get deducted 17.5% of my nominal salary for social security, 20% for taxes, and 5% for healthcare. To make it worse, I actually get paid a part of the remainder in "meal vouchers" called Tickets Alimentación.
http://en.wikipedia.org/wiki/Meal_voucher http://en.wikipedia.org/wiki/Meal_voucher
- conanbatt 12y agoI see, thanks for the data. Rent in Argentina is crazy low in proportion to property pricing. As rent grows 20% year over year on contract, and inflation is higher, rent is lagging behind. I remember my absolute dollar value rent going down from 400U$S to 350U$S, in a 1 br 82m2-next to subway-first occupant appt. Inflation really does a number on the economy. And Im glad meal vouchers dissapeared in argentina, we had all sorts of them 8 years ago. Regarding property prices in Uruguay, don't you have a reliable mortgage industry? Ours is ridiculously small, and inflation makes it risky and unreliable for both lenders and borrowers.