Cost of Living in Peru

Cost Guide for Peru: Everything You Need to Know

Peru, a country known for its rich history, diverse culture, and stunning landscapes, is an attractive destination for expats, digital nomads, and travellers. Understanding the cost of living in Peru is crucial for anyone considering a move to this South American gem. This comprehensive guide will provide you with detailed insights into various aspects of living expenses in Peru, including housing, data/SIM costs, food, transport, coworking rates, lifestyle expenses, healthcare, regional differences, and budget tiers.

1. Housing

In Peru, the cost of housing can vary significantly depending on the region. Here are the average monthly rents for a one-bedroom apartment in some of the major cities:

- Lima: £300-£500 - Cusco: £200-£350 - Arequipa: £180-£300 - Trujillo: £150-£250

Rent prices are generally lower outside major cities. It's worth noting that utilities such as water, electricity, and internet are usually not included in the rent and can add around £50-£100 to your monthly expenses.

2. Data/SIM Costs

Getting a local SIM card in Peru is affordable and convenient. You can purchase a prepaid SIM card from providers like Claro, Movistar, or Entel for as little as £5. Data plans are reasonably priced, with packages starting from £5 per month for a decent amount of data.

3. Food

Groceries

The cost of groceries in Peru is relatively affordable, especially if you opt for local markets and supermarkets. On average, a single person can expect to spend around £100-£150 per month on groceries, including fresh produce, meat, dairy, and household essentials.

Dining Out

Eating out in Peru can range from budget-friendly street food stalls to upscale restaurants. The average cost of a meal at a mid-range restaurant is around £10-£15, while a meal at a local eatery can be as cheap as £3-£5.

4. Transport

Public transportation in Peru is cost-effective and efficient. A one-way ticket on the local bus or metro costs around £0.40, while a taxi ride starts at £1.50. If you prefer using ride-sharing apps like Uber or Cabify, expect to pay slightly higher fares.

5. Coworking Rates

For digital nomads and remote workers seeking coworking spaces in Peru, prices vary depending on the location and facilities. On average, a monthly membership at a coworking space can range from £60-£150, offering amenities such as high-speed internet, meeting rooms, and a collaborative work environment.

6. Lifestyle Expenses

Aside from essentials like housing, food, and transport, lifestyle expenses in Peru can include gym memberships, entertainment, and leisure activities. A gym membership costs approximately £20-£40 per month, while a movie ticket is around £5-£7.

7. Healthcare

Healthcare in Peru is generally affordable, with both public and private healthcare facilities available. Expats are advised to obtain health insurance to cover medical expenses. A consultation with a general practitioner can cost £20-£40, while more specialised services may be higher.

8. Regional Differences

Peru's diverse geography and culture result in varying living costs across regions. Coastal cities like Lima tend to have higher living expenses compared to inland cities like Cusco and Arequipa. It's essential to research specific regions to determine the most suitable location based on your budget and lifestyle preferences.

Budget Tiers

-

Budget Traveller

£600-£800 per month -

Mid-Range Expat

£800-£1200 per month -

Luxury Living

£1200+ per month

In conclusion, living in Peru can be a rewarding experience, offering a mix of affordable living costs, vibrant culture, and natural beauty. By understanding the various expenses involved, you can plan your budget effectively and make the most of your time in this captivating South American country.