In a recent report by the Dirección General de Estadísticas y Censos (General Directorate of Statistics and Census) of Buenos Aires, it was unveiled that a family needs a minimum income of at least $888,116 to be classified as middle class in the Ciudad Autónoma de Buenos Aires (CABA).
This calculation is based on a household comprising a 35-year-old man and a woman, both economically active and property owners. Additionally, the household includes two male children aged 9 and 6. The findings shed light on the financial threshold required for a family to achieve middle-class status in the bustling city.
The data, released for the month of January 2024, serves as a benchmark for families striving to attain a certain standard of living and economic stability in CABA. It underscores the economic realities faced by families in the region and provides valuable insights into the cost of living and income requirements for achieving middle-class status.
The report highlights the importance of understanding income thresholds and economic indicators for families to gauge their financial well-being and socio-economic status in the city. As the cost of living continues to rise, such information becomes crucial for individuals and policymakers alike to address income disparities and ensure economic opportunities for all residents in CABA.
