MINIMUM AND AVERAGE SALARY IN ARGENTINA

Argentina is a very beautiful country with vast natural resources, diverse climate, interesting traditions and gourmet cuisine, located in the south-eastern part of South America. It is washed by the waters of the Atlantic Ocean. Argentina is the second largest country on the continent (after Brazil).

Salary in Argentina

The population of Argentina in 2023 is 45.9 million people. The labour force is 21 million. Unemployment is kept at 6–7%. Today, quite a large number of foreigners find vacancies in the Argentine labour market. According to the local authorities, there are about 1 million illegal migrant workers in the country. Let's find out what salaries in Argentina in 2024.

Minimum salary in Argentina

According to the Argentine Ministry of Labour, the official minimum wage in Argentina in 2024 is 202,800 pesos per month, equivalent to $230. The rate is effective from March 1, 2024. However, the minimum wage in Argentina for domestic workers is as follows:

  • General staff (cleaning, laundry, ironing) – 239,786 pesos per month

  • Maid/Nurse/Nanny – 266,639.46 pesos per month

  • Home staff for specific tasks – 273,291.06 pesos per month

  • Supervisor (supervises two or more domestic workers) – 294,160.11 pesos per month

Compared to 2023, Argentina's minimum wage increased by 133,300 pesos per month, or 340%, from 69,500 pesos (March 2023) to 202,800 pesos. Meanwhile, inflation for 2023 was 211%, the highest in 33 years.

Average salary in Argentina

According to Argentine statistical agencies, the average wage in Argentina in 2024 is 456,813 pesos per month, the equivalent of 555 U.S. dollars. That's a pretty good figure for the South American continent. In Brazil, for example, the average person earns about $600 a month, and in Uruguay, $960. Chileans boast higher salaries, exceeding $1,300 per month.

In 2020, Argentine workers received an average of 51,162 pesos per month, in 2021 61,221 pesos, in 2022 86,128 pesos, and in 2023 145,000 pesos. In other words, there has been a significant increase in wages over four years. According to Argentine Labor Minister Claudio Moroni, private sector workers received a minimum monthly wage increase of 4,000 pesos at the beginning of 2020. In general, the increase in minimum and average wages is largely due to the country's high inflation rate, which exceeded 40% in 2020, 50% in 2021, 94% in 2022, and almost reached 211% in 2023.

The highest wages in Argentina were recorded in the major cities – Buenos Aires, Córdoba and Rosario. For example, qualified foreigners with a deficit profession can expect to earn around $1,500-2,000 or more per month. The most highly paid profession in Argentina is the doctor. Experienced medical specialists get more than 5-6 thousand dollars a month.

In conclusion, the income tax rate in Argentina varies from 5% to 35%. At the minimum rate of 5%, annual income of less than 419,253.95 pesos is taxed. At the maximum rate of 35%, income over 6,708,063.39 pesos is taxed.

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