Typical Family in CABA Needs 2,603,556 Pesos to Be Considered Middle Class

A typical family in the Autonomous City of Buenos Aires (CABA) needed 2,603,556 pesos in August to be considered middle class, reflecting a monthly increase of 1.7%. This data comes from the Food Basket and Total Basket of the City’s Institute of Statistics and Censuses. The scheme includes homeowner households, excluding rental expenses. For a family of four, the average cost of a three-room apartment in CABA is 1,008,258 pesos. Therefore, the monthly budget for a tenant household to maintain its middle-class status is 3,611,814 pesos. The indigence line for this family group is set at 903,930 pesos, and the poverty line at 1,651,798 pesos, with increases of 2.6% and 2% respectively, surpassing inflation. Wealthy sectors have incomes starting from 8,331,380 pesos. Social strata in CABA are classified according to income and the ability to cover basic baskets.

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