Key information about Argentina Household Income per Capita

• Argentina Annual Household Income per Capita reached 4,522.736 USD in Dec 2023, compared with the previous value of 4,354.647 USD in Dec 2022.
• Argentina Annual Household Income per Capita data is updated yearly, available from Dec 2004 to Dec 2023, with an averaged value of 3,818.417 USD.
• The data reached an all-time high of 5,915.943 USD in Dec 2017 and a record low of 1,383.333 USD in Dec 2004.
• In the latest reports, Retail Sales of Argentina dropped 13.777 % YoY in Jan 2024.

CEIC calculcates Annual Household Income per Capita from quarterly Monthly Average Household Income per Capita multiplied by 3 and converts it into USD. The National Institute of Statistics and Censuses provides Average Household Income per Capita in local currency. The Central Bank of Argentina average market exchange rate is used for currency conversions. Household Income covers Urban area only.

The bottom 50 percent in Argentina earned on average 15,057 U.S. dollars at purchasing power parity (PPP) before income taxes as of 2022, while individuals in the top one percent earned pre-tax more than 686,433 dollars. Looking at the percentage distribution of wealth in Argentina, the poorest half held 5.7 percent of the total in 2021. Moreover, the top one percent in the South American country accounted for 25.7 percent of the overall national wealth.

Wages in Argentina increased 2.50 percent in April of 2025 over the same month in the previous year. This dataset provides - Argentina Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, Argentina's annual household income amounted to ******** U.S. dollars. Even if this figure represented a slight increase compared to the previous year, it remains considerably lower than the household income per capita registered in 2017 and 2018.

Costa Rica is the country with the highest minimum monthly wage in Latin America. According to the minimum salary established by law as of January 2025, workers in the Central American country enjoy a basic monthly wage of over 726 U.S. dollars, an increase of 2.37 percent compared to the previous year. They also earn over 200 U.S. dollars more than the second place, Uruguay. On the other side of the spectrum is Venezuela, where employees are only guaranteed by law a minimum salary of 130 bolívares or little more than 2.50 dollars per month. Can Latin Americans survive on a minimum wage? Even if most countries in Latin America have instated laws to guarantee citizens a basic income, these minimum standards are often not enough to meet household needs. For instance, it was estimated that almost 25 million people in Mexico lacked basic housing services. Salary levels also vary greatly among Latin American economies. In 2020, the average net monthly salary in Mexico was barely higher than Chile's minimum wage in 2021. What can a minimum wage afford in Latin America? Latin American real wages have generally risen in the past decade. However, consumers in this region still struggle to afford non-basic goods, such as tech products. Recent estimates reveal that, in order to buy an iPhone, Brazilian residents would have to work at least two months to be able to pay for it. A gaming console, on the other hand, could easily cost a Latin American worker several minimum wages.

This statistic presents data on the average monthly pay TV revenue per user (ARPU) in Argentina from 2014 to 2017. In 2017, the average monthly ARPU amounted to more than 585 Argentine pesos, up from around 245.5 in 2014.

Panama City, Mexico City, and Guadalajara had the highest average apartment rents in 2022 among the selected Latin American cities. To rent an apartment in a mid-income area in Panama City, renters would have to earn at least ***** U.S. dollars per month, assuming that rent comprises not more than ** percent of the monthly income. Córdoba, Argentina, was the most affordable city, with ideal income needed to rent an apartment amounting to *** U.S. dollars.

As of June 2020, an average chief of e-commerce in Argentina would earn around ******* Argentine pesos per month, while the salary of a senior mobile developer would amount to ******* pesos, on average. As of October 2019, the legal minimum wage in Argentina amounted to less than ****** pesos per month.

The average monthly salary in Argentina allowed for the purchase of 277 liters of gasoline in 2024. This was lower than the gasoline index determined the previous year, when around 412 liters could be purchased on an average net salary.

In 2018, it was estimated that Congress members in Chile had one of the highest monthly salaries in Latin America. Each member of the Chilean Chamber of Deputies, the National Congress' lower chamber, received a gross monthly income of more than 23,000 U.S. dollars. Mexico came in second among the countries shown in this graph, with an income of over 20,600 dollars per month. The regional average stood at around 10,200 dollars.

According to a recent study, Colombia had the lowest monthly cost of living in Latin America with 546 U.S. dollars needed for basic living. In contrast, four countries had a cost of living above one thousand dollars, Costa Rica, Chile, Panama and Uruguay. In 2022, the highest minimum wage in the region was recorded by Ecuador with 425 dollars per month.

Can Latin Americans survive on a minimum wage? Even if most countries in Latin America have instated laws to guarantee citizens a basic income, these minimum standards are often not enough to meet household needs. For instance, it was estimated that almost 22 million people in Mexico lacked basic housing services. Salary levels also vary greatly among Latin American economies. In 2022, the average net monthly salary in Brazil was lower than Ecuador's minimum wage.

What can a minimum wage afford in Latin America? Latin American real wages have generally risen in the past decade. However, consumers in this region still struggle to afford non-basic goods, such as tech products. Recent estimates reveal that, in order to buy an iPhone, Brazilian residents would have to work more than two months to be able to pay for it. A gaming console, on the other hand, could easily cost a Latin American worker several minimum wages.