Cost of Living in Peru

The cost of living in Peru is moderate compared to other Latin American countries. Living in the city, particularly in Lima, tends to be more expensive than in rural areas, and the availability of services and the quality of produce can vary depending on the region.

Lima is considered a mid-range city in terms of living expenses. While it is more affordable than many major international capitals, certain costs, such as housing in desirable neighbourhoods and imported goods, can be relatively high.

Cost of accommodation in Peru

The cost of accommodation in Peru is variable, with apartments being pricier 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 your most significant expense when living in Peru. If you're moving to the country as part of a corporate relocation programme, it's a good idea to factor accommodation costs into contract negotiations. You'll also need to consider the cost of utilities like WiFi, electricity, and water, which are typically excluded from the monthly rental fee.

Cost of transport in Peru

Buses and taxis are the main forms of public transport in Peru, and while buses are widely available, they can be slow and overcrowding is common. That said, the cost of public transport in Peru is quite low, and many expats get around fairly well using public transit.

If you'd like to explore the rest of the country or prefer the convenience of having your own vehicle to haul your children around, you'll find that running a vehicle can be expensive due to high import costs. Peru has three taxes that it levies on fuel, making it fairly pricey.

Cost of education in Peru

Public education in Peru is free, but the public system is underfunded and the language of instruction is Spanish. Most expat parents send their children to private or international schools in Peru, which offer a higher standard of education and allow their children to continue learning in their home language or curriculum.

If you wish to send your children to an international school in Peru, you should factor this significant expense into your budget. If moving to the country as part of a corporate relocation package, it's recommended that you negotiate an education allowance as part of your package.

Cost of groceries in Peru

Grocery prices in Peru are relatively affordable. 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.

Visit the country's biggest supermarket, Plaza Vea, if you're looking for a wide selection of quality products. Wong is the perfect supermarket if you're on a budget and looking to get the most bang for your buck.

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.

For entertainment, you can enjoy cultural activities such as visiting museums, attending performances, or exploring historical sites at reasonable prices. Peru's nightlife is vibrant, particularly in Lima and other large cities. There are many high-end establishments where you can spend considerably, but there are plenty of options for those 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, you 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. Although accessible and affordable, the public system 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 largely favoured by expats. However, this comes with a higher price tag. To make the most of the available healthcare services, you 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. If you must arrange your 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 your needs and budget.