Cost of Living in Peru

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 2023 Cost of Living report, Lima is ranked 167th out of 227 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 housing, particularly in areas such as Miraflores, Barranco and San Isidro.

Accommodation is likely to be an expat's most significant 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 contract negotiations.

Cost of education in Peru

Public schools in Peru are free, but education at a private or international school is expensive. Expats wishing to send their children to an international school in Peru should factor this significant expense into their budget. 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. The 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 entertainment and eating out in Peru

For those looking to eat out, Peruvian cuisine is a treat for the taste buds and offers an array of choices, from traditional local eateries to fine dining restaurants. While mid-range and upscale restaurants can be more expensive, street food and local markets are the go-to options for affordable and delicious meals.

As for entertainment, expats can enjoy cultural activities such as visiting museums, attending performances, or exploring historical sites at reasonable prices. Expats will find Peru's nightlife vibrant, particularly in Lima and other large cities. There are many high-end establishments where one can spend considerably, but there are plenty of options for expats on a budget. Outdoor enthusiasts will appreciate Peru's natural beauty with many activities available, from hiking to surfing. While some activities may require a guide or specialised equipment, expats can generally find cost-effective options for enjoying all Peru offers.

Cost of healthcare in Peru

Healthcare in Peru can be divided into public and private sectors. The public healthcare system, although accessible and affordable, often suffers from long waiting times, limited facilities and variable quality of care. In contrast, private healthcare offers a higher standard of care and is generally favoured by expats. However, this comes with a higher price tag. To make the most of the available healthcare services, expats should consider taking out comprehensive health insurance, which can help cover the costs of private facilities and specialist consultations.

Some multinational companies offer health insurance as part of their expat relocation packages. For those who need to arrange their own health insurance, several international providers offer plans tailored explicitly for expats living in Peru. It is essential to compare policies carefully and choose one that best meets the individual's needs and budget.