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Buenos Aires has emerged as the ultimate haven for hybrid workers, according to a recent global study conducted by Savoo. The study analysed 50 of the world’s most popular cities, taking into account factors such as the cost of living, rent, transport, coffee, internet, and hot-desking spaces to determine the total monthly cost of being a hybrid worker.
Buenos Aires, the vibrant capital of Argentina, has claimed the top spot as the most affordable city for hybrid workers globally. With an average total cost of about $940 per month, the city offers a combination of economic advantages that make it the dream destination for those embracing the hybrid work model.
Argentinians enjoy the lowest cost of living among all the cities analysed, with an average monthly expenditure of $347. Rent is remarkably affordable, averaging around $355 per month for a one-bedroom apartment in the city centre.
For caffeine aficionados, it also offers the cheapest coffee, with a cup setting you back just $1,66. Furthermore, local transport is budget-friendly at only $0,14 for a one-way ticket.
This appealing blend of low living costs, affordable rent, and budget-friendly daily expenses makes Buenos Aires an attractive destination for those seeking to optimise their work-life balance while minimising expenses.
Istanbul and São Paulo follow closely
While Buenos Aires takes the crown, Istanbul, Turkey, and São Paulo, Brazil, secured the second and third spots on the list, respectively. Istanbul boasts the cheapest internet costs, with an average of $7,48 per month, along with affordable local transport at $0,35 for a one-way ticket. The city also offers hot-desking options for a reasonable monthly fee of approximately $59. The total average cost for hybrid workers in Istanbul is $1 100 per month.
São Paulo in Brazil ranks third with a total monthly cost of $1 544. The city’s claim to fame includes affordable coffee at $1,82 per cup and reasonable local transport costs, with a one-way ticket priced at just $0,89.
Top 5 cities for hybrid workers
Here’s a summary of the top cities for hybrid workers, including their respective total monthly costs:
- Buenos Aires, Argentina: $940
- Istanbul, Turkey: $1 136
- São Paulo, Brazil: $1 544
- Bangkok, Thailand: $1 589
- Budapest, Hungary: $1 609
As hybrid work models continue to gain popularity worldwide, individuals and businesses alike are seeking ways to optimise productivity while managing costs. The affordability and quality of life offered by cities like Buenos Aires, Istanbul, and São Paulo make them prime destinations for those looking to strike the right balance between work and life in 2023.
Tips for saving money as you return to the office
As the world adapts to hybrid work, it is essential to manage expenses effectively, whether you’re working from home or returning to the office. To help workers navigate this new landscape, experts recommend the following money-saving strategies:
- Flexible commuting: Explore alternative commuting options such as public transportation, carpooling, or cycling to reduce transportation costs.
- Smart office choices: Negotiate with your employer for flexible work arrangements that include options for remote work or hybrid schedules.
- Budgeting: Create a budget that accounts for both work-related and personal expenses, allowing you to maintain financial stability.
- Expense tracking: Use mobile apps or spreadsheets to track your spending and identify areas where you can cut costs.
- Utilise remote work resources: Take advantage of remote work resources like co-working spaces or home office tax deductions to maximise savings.