Some of the best food, sights and nightlife an entire continent has to offer can be found in a city with a vibrant startup culture and a wealth of unfailingly smiling faces everywhere.
It's also currently one of the most inexpensive places to live, work and visit.
The European-flavored Latin American metropolis stands out on the report's list of top ten cheapest cities in the world. Other cities on the top ten have been troubled by war, poverty and political strife; places like Caracas, Damascus and Lagos.
The issue in Buenos Aires is currency devaluation, which has been painful for Argentines, but this resilient country has recovered from other economic crises in its recent past. Nonetheless, the result of the sharp weakening of the peso has been that the city slipped a whopping 48 spots (as did Istanbul) in the Economist's cost of living rankings.
That puts Buenos Aires on par with Chennai, India and Lagos.
Prices of some staples, like bread, have fallen off by over 50 percent over the last year, according to the report. On average, a bottle of beer can be had for less than a dollar in Buenos Aires.
This bustling and beautiful center of business, culture and just about everything else in Latin America is a diamond in the rough on the Economist's list of cheapest cities. Much of Buenos Aires is steeped in history with charismatic and colorful old neighborhoods, but there's also the shiny Puerto Madero district with its gleaming skyscrapers that look more like Hong Kong than than the shores of the Rio Darsena.
Argentina might not stay this inexpensive for long, but even if prices recover, there's still plenty to draw you to the country besides bargains and great beef. It's also home to a thriving startup community and lots of tech talent.
To sum it all up, there's never been a better time to learn to tango.