Peru is a truly magical country, from its ancient Incan ruins to the friendly faces in the streets. Peru is a country of adventure, diversity, and culture, and offers a huge range of experiences that cater to a wide variety of budgets.
If you’re travelling in Peru, there are both budget and premium versions of just about every activity, and there’s a lot to explore without spending any money at all. If you’re coming to Peru as a digital nomad or looking to relocate permanently, you’ll also find a relatively low cost of living (although, of course, that does depend on where you’re arriving from!).
This guide breaks down the cost of living in Peru, so you can budget well and be prepared for your trip, no matter how long you’re going for!
Contents
- Why Choose Peru for Affordable Living?
- Overview of Monthly Costs in Peru
- Accommodation Costs in Peru
- Food and Grocery Expenses
- Transportation Costs
- Utilities and Internet
- Healthcare Costs
- Leisure and Entertainment
- Tips for Living Affordably in Peru
- Frequently asked questions about the cost of living in Peru
- Conclusion
Why Choose Peru for Affordable Living?
Peru is one of the most affordable destinations in South America, offering a quality lifestyle for much less than you’d spend in Western countries. The cost of living varies across regions, with urban centres like Lima being more expensive than smaller cities like Arequipa or Cusco, and rural areas offering even lower costs. Despite its affordability, Peru doesn’t compromise on the essentials—modern amenities, excellent healthcare, and a vibrant culinary scene are all within reach.
Whether you’re looking to immerse yourself in Peruvian culture, explore its famous archaeological sites, or simply enjoy a relaxed lifestyle in a beautiful setting, Peru offers an attractive combination of affordability and quality of life.
Overview of Monthly Costs in Peru
Living costs in Peru are highly adaptable depending on your location and lifestyle. Here’s an overview of typical monthly expenses for a single person.
| Expense Category | Budget ($) | Mid-Range ($) | High-End ($) |
|---|---|---|---|
| Accommodation | 200–400 | 500–800 | 1,200+ |
| Groceries | 100–150 | 200–300 | 400+ |
| Eating Out | 50–100 | 150–250 | 400+ |
| Transportation | 20–50 | 100–200 | 300+ |
| Utilities (electricity, water, etc.) | 30–70 | 100–150 | 200+ |
| Internet | 20–40 | 50–70 | 100+ |
| Healthcare | 40–80 | 150–250 | 400+ |
| Leisure and Activities | 50–100 | 150–300 | 400+ |
| Total | 510–990 | 1,400–2,320 | 3,400+ |
Accommodation Costs in Peru
Housing in Peru is both affordable and diverse, with options ranging from budget-friendly shared apartments to high-end condominiums. Costs vary significantly depending on the city and neighbourhood, with Lima being the priciest location, followed by Cusco and Arequipa. Smaller towns and rural areas offer even more economical options.
| Type of Accommodation | Monthly Rent in Lima ($) | Monthly Rent in Cusco ($) | Monthly Rent in Arequipa ($) |
|---|---|---|---|
| Shared Room/Hostel | 150–300 | 100–200 | 100–250 |
| Studio Apartment | 300–500 | 250–400 | 200–400 |
| 1-Bedroom Apartment | 400–700 | 350–600 | 300–500 |
| 3-Bedroom House | 900–1,500 | 700–1,200 | 600–1,000 |
Short-term rentals through Airbnb or Booking.com range from $20 to $100 per night, depending on the property type and location. Long-term renters can often negotiate lower prices directly with landlords.
Food and Grocery Expenses
Peruvian cuisine is world-renowned, and the country offers an incredible array of fresh ingredients at affordable prices. Shopping at local markets is the most cost-effective way to buy produce, while supermarkets provide convenience and a wider selection, albeit at slightly higher prices.
| Grocery Item | Average Price ($) |
|---|---|
| Milk (1 litre) | 1–2 |
| Bread (loaf) | 1–2 |
| Eggs (dozen) | 2–3 |
| Chicken (1kg) | 3–5 |
| Rice (1kg) | 1–2 |
| Fresh Fruit (per piece) | 0.50–1 |
| Vegetables (per kilo) | 1–2 |
Dining out in Peru is also very affordable, with a range of options to suit any budget. From street food to fine dining, you’ll be spoilt for choice when it comes to enjoying the country’s famous flavours.
| Type of Meal | Cost ($) |
|---|---|
| Street Food Snack (e.g. empanada, anticucho) | 1–3 |
| Local Restaurant Meal | 4–10 |
| Mid-Range Restaurant (3 courses) | 15–25 |
| High-End Restaurant (per person) | 30+ |
Transportation Costs
Getting around in Peru is inexpensive and relatively straightforward. Public transportation is the cheapest option, though quality and reliability can vary. Taxis, rideshares, and intercity buses are affordable alternatives for those seeking more comfort or flexibility.
| Transportation Type | Cost ($) |
|---|---|
| Local Bus | 0.25–1 per trip |
| Taxi Ride (within city) | 3–10 |
| Intercity Bus (one-way) | 10–30 |
| Monthly Fuel Costs (for car) | 50–150 |
Uber operates in Lima and some other major cities, providing a safe and convenient option for urban travel.
Utilities and Internet
Utilities in Peru are affordable, with costs depending on the size of your home and your energy consumption. Internet speeds are generally reliable in cities, with fibre-optic connections available in some areas.
| Utility | Monthly Cost ($) |
|---|---|
| Electricity | 20–50 |
| Water | 5–10 |
| Gas (cooking/heating) | 5–20 |
| Internet (20–50 Mbps) | 20–70 |
Healthcare Costs
Peru offers both public and private healthcare options. Private clinics and hospitals are generally preferred by expats and visitors for their higher quality of care and shorter wait times. Healthcare costs in Peru are very affordable compared to those in Western countries.
| Healthcare Service | Cost ($) |
|---|---|
| GP Consultation | 20–50 |
| Specialist Appointment | 40–80 |
| Prescription Medication | 5–20 |
| Health Insurance (private) | 50–250 per month |
Leisure and Entertainment
Peru is full of affordable leisure opportunities, from exploring its rich cultural heritage to enjoying outdoor activities in its diverse landscapes. Many activities are inexpensive or even free, making it easy to stay active and entertained on any budget.
| Activity | Cost ($) |
|---|---|
| Cinema Ticket | 5–8 |
| Gym Membership (monthly) | 15–50 |
| Yoga Class | 8–15 per class |
| Entry to National Parks/Ruins | 5–20 |
Tips for Living Affordably in Peru
Shopping at local markets is the best way to save on groceries while enjoying fresh, seasonal produce. Consider using public transportation or intercity buses for longer trips, as they are economical and widely available. Renting in smaller cities or negotiating long-term leases can significantly reduce housing costs, and exploring local dining options ensures you enjoy the best of Peruvian cuisine without overspending.
Frequently asked questions about the cost of living in Peru
How much money do I need to live comfortably in Peru?
A single person can live comfortably in Peru on $1,400-2,320 per month with a mid-range lifestyle. This includes a nice apartment, regular dining out, and plenty of activities. However, you can live on as little as $510-990 monthly with a budget lifestyle, or spend $3,400+ monthly for a high-end lifestyle.
Is Lima more expensive than other Peruvian cities?
Yes, Lima is generally the most expensive city in Peru. You’ll find significantly lower costs in cities like Cusco and Arequipa, where accommodation can be 20-30% cheaper. Rural areas offer even more affordable living options.
What are typical rental costs in Peru?
Rental costs vary widely by location. In Lima, expect to pay $400-700 for a one-bedroom flat, while similar accommodations in Arequipa might cost $300-500. Shared rooms and hostels start from $150 in Lima and $100 in other cities.
Is healthcare expensive in Peru?
No, healthcare in Peru is quite affordable compared to Western countries. Private GP consultations typically cost $20-50, and monthly private health insurance ranges from $50-250. Both public and private healthcare options are available.
Can I save money on food costs in Peru?
Absolutely! Shopping at local markets can significantly reduce your grocery bills, with fresh produce costing just a few dollars per kilo. Local restaurants offer meals for $4-10, while street food snacks cost only $1-3.
Conclusion
Peru offers an outstanding balance of affordability and quality of life, making it an attractive destination for travellers, digital nomads, and expats alike. With affordable housing, excellent food, and a wealth of cultural and natural attractions, Peru provides a lifestyle that is both enriching and cost-effective. By understanding the costs and planning your budget, you can make the most of everything Peru has to offer, whether you’re visiting for a few weeks or staying for the long term.