The Cost of Living in Peru | An Expert Guide

Peru, a country rich in history and cultural heritage, offers a diverse range of living experiences from coastal cities to Andean highlands. With a population of approximately 33 million people, Peru combines ancient traditions with modern development, particularly in urban centers like Lima and Arequipa.

Peru's economy has shown strong growth in recent years, driven by mining, agriculture, tourism, and a growing services sector. The country has positioned itself as an emerging market while maintaining relatively affordable living costs, especially outside the capital city of Lima.

The expatriate community in Peru is concentrated primarily in Lima, particularly in districts like Miraflores, San Isidro, and Barranco, with growing populations in Cusco and Arequipa. Many are drawn by opportunities in mining, education, and tourism sectors, along with the country's rich culture and relatively low cost of living.

‍

Regional Comparison

‍

Housing Costs in Peru

Housing costs in Peru vary significantly between Lima's upscale districts and other areas. In Lima's premium neighborhoods like Miraflores or San Isidro, a one-bedroom apartment typically rents for 2,000-3,000 PEN monthly, while similar accommodations in middle-class areas range from 1,200-1,800 PEN. Other cities offer more affordable options, with comparable apartments in Cusco or Arequipa ranging from 800-1,500 PEN monthly.

Summary:

• Rent, 1-bedroom apartment (Lima premium): 2,000-3,000 PEN/month
• Rent, 1-bedroom apartment (Lima middle-class): 1,200-1,800 PEN/month
• Rent, 1-bedroom apartment (other cities): 800-1,500 PEN/month

‍

Food Costs in Peru

Food expenses in Peru can be very affordable, particularly when embracing local cuisine and markets. A meal at a local restaurant costs 10-20 PEN, while dinner at an upscale restaurant might run 50-100 PEN per person. Monthly grocery shopping at supermarkets like Wong or Plaza Vea typically costs 400-600 PEN for one person, though shopping at local markets can reduce costs significantly.

Summary:

• Local restaurant meal: 10-20 PEN
• Upscale dinner: 50-100 PEN
• Monthly groceries (1 person): 400-600 PEN

‍

Transportation Costs in Peru

Transportation in Peruvian cities relies on a mix of buses, combis (minibuses), and taxis. Public transportation costs are very affordable, with bus fares typically ranging from 1.50-3 PEN. Taxi rides within districts cost 10-20 PEN, while ride-hailing services offer similar rates. Many expatriates use a combination of transportation options depending on the destination and time of day.

Summary:

• Bus/combi fare: 1.50-3 PEN
• Taxi ride (within district): 10-20 PEN
• Monthly transportation: 150-300 PEN

‍

Healthcare Costs in Peru

Healthcare in Peru operates through both public and private systems. Private health insurance typically costs 200-400 PEN monthly per person, depending on coverage. A consultation at a private clinic costs 100-200 PEN, while specialist visits range from 150-300 PEN. Most expatriates use private healthcare facilities in major cities, particularly in Lima.

Summary:

• Private health insurance: 200-400 PEN/month
• Doctor's consultation: 100-200 PEN
• Specialist visit: 150-300 PEN

‍

Utility Costs in Peru

Utility costs in Peru are moderate, with significant variations depending on location and usage. Monthly utilities including electricity, water, and gas typically range from 150-300 PEN for an apartment. Internet service costs 80-150 PEN monthly for reliable connections. Mobile phone plans with data typically range from 40-80 PEN monthly.

Summary:

• Basic utilities: 150-300 PEN/month
• Internet: 80-150 PEN/month
• Mobile phone plan: 40-80 PEN/month

‍

Example Monthly Expenses in Peru

Average monthly expenses for a single person living in Lima:

• Rent (1-bedroom, good area): 2,500 PEN
• Utilities: 200 PEN
• Food: 500 PEN
• Transportation: 200 PEN
• Healthcare (insurance): 300 PEN
• Internet/Phone: 120 PEN
• Entertainment: 400 PEN
• Total: 4,220 PEN

‍

Cost of Living vs Quality of Life Correlation

‍

If you want to know more about Peru and the cost of living there you can also check out the Peru page.