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Buenos Aires Sets New March Income Cutoffs for Middle Class and Poverty

Inflation-driven costs raised the city's class thresholds.

Overview

  • IDECBA, which released March figures Friday, set the middle-class band at $2,342,860.81 to $7,497,154.59 for the reference family without rent after a 3.3% monthly rise.
  • Including a typical apartment rent pushes the middle-class threshold above $3,450,000 for the same family.
  • The total basic basket that marks the poverty line reached $1,489,829 for a four-member household, with indigence at $814,709.
  • City inflation ran at 3.0% in March and 32.1% over 12 months, lifting the cost of the baskets IDECBA uses to set these lines.
  • Ownership status changes outcomes, with a 25-year couple needing $871,335 to avoid poverty if they own and $1,027,338 if they rent.