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With a new year comes a new cost of living where ever you may be in the world.  Prices may go up, prices may go down, and inflation rates change, all major factors that contribute to a city’s cost of living.

Studying Spanish in Buenos Aires in 2010 also brings up a new list of costs, no too different from the year before, but definitely with some changes. Lucky for those coming from abroad, foreign currencies are still strong against the Argentine peso making travel to Argentina still affordable!

Cost of Living 2010

1. Accommodation in Buenos Aires

Most students will look at about $290-400US to rent a room in shared apartment or a room in a homestay, depending on location and size of the apartment. Hostels and hotels vary depending on the place, 1-5 stars, amenities and services, and location.

2. Food in Buenos Aires

If you eat in, you can keep your food costs relatively low, for example, calculate about $ 150-250US a month/ per person, eating fairly well. Vegetables, fruits, and meats are very affordable, cheeses, delicacy items, and imported items are what will bring you costs up.

3. Entertainment in Buenos Aires

This is a tricky subject as this is totally up to the person and their style of living. If you eat out 6 times a week, hit up the movies once a week, a concert once a week, a nightclub once a week, and out for drinks/coffee a few times a week, your costs may rise significantly. For example, a coffee will cost you about $2.5US, a cocktail about $5-7US, a dinner (steak and side) $12-20US, the movies $4US, concert (local) $5-10US, and so on.  This amount you must think about, but you can probably put the round about number of $100-300US/month.

4. Transportation in Buenos Aires

Taking the bus costs 1.25pesos = $.30 US. The train, $.80-1.80 pesos = $.15-.40US. Taxis start at $4.20pesos = $1.10US, and for a ten minute journey average = 12- 15 pesos = $3-$5US. Subte is $.90pesos = $.30US.  Public transportation is fairly cheap in Buenos Aires, taxi’s may run your bill a bit, but still pretty affordable for a big city.

These are the 4 major costs that you will face while learning Spanish in Argentina. Of course, there are other hidden costs such as the new Reciprocity Fee (special for United States, Canadian, and Australian citizens) or costs such as necessity items while abroad (shampoo, flip flops, locker rental, etc). Be sure to always over-budget, and have a back up plan, such as traveler’s checks or credit cards in case your money wears a bit thin.