Excerpted from the Brazil Career Guide
Cost of Living
While Brazil’s standard of living is the highest in South America, the cost of living for the nation as a whole is only 70 percent of that in the US, according to Deutsche Bank. But with the explosion of their expatriate populations, both São Paulo and Rio de Janeiro have become increasingly expensive.
Real estate prices rose 8.2 percent in São Paulo last year and 8.4 percent in Rio de Janeiro, much below the increases of 13.6 percent and 14.9 percent of the previous year. Demand for one-bedroom apartments in São Paulo has grown, and rents have increased 4.7 percent in the past year.
Brazil is the world’s fifth-largest country, making air travel the best way to travel from city to city. Buses are the most popular mode of travel and an excellent way to see the country.
Medical Care and Health Insurance
Health care in Brazil is available from both public and private providers. The country’s public health care system, known as the SUS (Sistema Único de Saúde) is universally available, including to foreign permanent residents.
Work Schedules and Holidays
Employees are entitled to 30 paid vacation days per year after one year of service with no more than five absences. In addition, according to the constitution, an employee is entitled to a vacation bonus equivalent to one-third of a month’s pay.
Employees earning below 22,418 BRL per year are not taxed. Above that amount, income tax is progressive from 7.5 percent to 27.5 percent of earnings.
Social Security and Pension
Employers pay 20 percent of the employee’s salary as a contribution to social security, 8 percent toward unemployment/disability insurance and up to 8.8 percent for additional social security taxes.
Foreign nationals working in Brazil are required to contribute to the social security plan and are eligible for the same benefits as Brazilian citizens.
This is just a short sample of what you’ll find in over 100 pages of information in the complete Brazil Guide.