Relative to other countries in Latin America, the cost of living in Peru is average. Living in the city, particularly in Lima, is more expensive than in rural areas, and the range of services and quality of produce also varies depending on the region.

According to Mercer's 2021 Cost of Living report, Lima is ranked 150th out of 209 cities, making it a mid-range city in terms of the cost of living for expats.

Cost of accommodation in Peru

The cost of accommodation in Peru is variable, with apartments being more expensive in the larger cities. Lima has the most expensive accommodation, particularly in areas such as Miraflores, Barranco and San Isidro.

Accommodation is likely to be an expat’s greatest expense when living in Peru. For those moving here as part of a corporate relocation programme, it’s a good idea to factor accommodation costs into any contract negotiations.

Cost of education in Peru

Public schools in Peru are free, but education at a private or international school is expensive. Expats who'd like to send their children to an international school in Peru should factor this significant expense into their budget, and if moving to the country as part of a corporate relocation package, they should make provisions for this in their contract.

Cost of food in Peru

Food is relatively affordable in Peru. Food at local fresh produce markets is generally cheaper than in supermarkets and it’s often possible to bargain on the prices. he quality of products may vary.

Cost of transport in Peru

The cost of transport in Peru is quite low and it’s relatively cheap to travel around the country using public transport. The running costs of a vehicle can be expensive owing to high import costs.

Cost of living in Peru chart 

Prices may vary depending on product and service provider. The list below shows average prices for Lima in April 2022.

Accommodation (monthly rent)

One-bedroom apartment in city centre

PEN 1,880

One-bedroom apartment outside city centre

PEN 1,350

Three-bedroom apartment in city centre

PEN 3,520

Three-bedroom apartment outside city centre

PEN 2,690

Food and drink

Milk (1 litre)

PEN 4.50

Eggs (dozen)

PEN 6.30

Loaf of bread (white)

PEN 6.10

Rice (1kg)


Chicken breasts (1kg)

PEN 18.50

Pack of cigarettes (Marlboro)

PEN 17.50


Monthly internet (uncapped ADSL or cable)

PEN 107

Mobile-to-mobile call rate (per minute)

PEN 0.50

Monthly utilities for standard household (electricity, water etc.)

PEN 255

Eating out and entertainment

Three-course meal for two at mid-range restaurant

PEN 80

Big Mac Meal

PEN 20


PEN 10

Coca-Cola (330ml)


Beer (local)





City bus


Petrol per litre

PEN 4.40