🇵🇪 Cost of Living in Peru - Prices & Budget Guide
Last updated: February 2026
Verified Facts
Official NameRepublic of Peru
CapitalLima
Population34.4 million
Area1,285,216 km² (496224 sq mi)
LanguagesAymara, Quechua, Spanish
CurrencyPeruvian sol (S/ )
TimezoneUTC-05:00
RegionAmericas / South America
Drives onRight
Source: REST Countries API
Economic Indicators
GDP per Capita (PPP)$17,802 (2024)
Inflation Rate2.0% (2024)
Health Spend per Capita$446 (2023)
Out-of-Pocket Health Spend27.0% (2023)
Education Spend (% GDP)4.2% (2023)
Source: World Bank Open Data
Quick Facts
Cost LevelAffordable
Daily Budget (Backpacker)$30-50 USD
Daily Budget (Mid-Range)$50-100 USD
Daily Budget (Comfort)$100-200 USD
CurrencyPEN
Tipping Customnot expected, but 10% in restaurants and bars is appreciated
How Expensive Is Peru?
Peru is considered an affordable country to visit or live in, with a cost of living that is lower than many of its South American neighbors. The cost of accommodation, food, and transportation is relatively low, making it an attractive destination for backpackers and budget travelers. However, prices can vary greatly depending on the location, with cities like Lima and Cusco tend to be more expensive than smaller towns and rural areas. Overall, Peru offers a great balance of affordability and quality of life, making it an excellent choice for expats, digital nomads, and travelers.
Compared to other countries in the region, Peru is generally cheaper than Chile and Brazil, but more expensive than Bolivia and Ecuador. The cost of living in Peru is also influenced by the country's economic growth and tourism industry, which can drive up prices in popular destinations. However, with some planning and research, it's possible to find affordable options for accommodation, food, and activities, making Peru an excellent value for money destination.
Accommodation Prices
Type
Price Range (USD/night)
Notes
Hostel/Budget
$10-20
typical quality, dorms and shared rooms
Mid-Range Hotel
$30-60
what to expect, private rooms and bathrooms
Luxury/Resort
$100-250
what to expect, high-end amenities and services
Apartment Rent (monthly)
$200-500
city center, one-bedroom apartment
Apartment Rent (monthly)
$100-300
outside city center, one-bedroom apartment
Food & Dining Prices
Meal Type
Price Range (USD)
Street Food / Local Eatery
$3-5
Casual Restaurant
$10-20
Mid-Range Restaurant (2 people)
$20-40
Fine Dining
$50-100
Beer (local)
$2-5
Coffee
$1-3
Water (1.5L bottle)
$1-2
Transport Costs
Transport
Cost (USD)
Local bus/metro ride
$0.50-1.50
Taxi (per km)
$1-3
Domestic flight
$50-200
Fuel (per liter)
$0.50-1.00
Monthly Budget Breakdown
Category
Budget ($)
Mid-Range ($)
Comfortable ($)
Rent
200
400
800
Food
300
600
1,200
Transport
100
200
400
Utilities
50
100
200
Entertainment
200
400
800
Total
950
1,700
3,300
Money-Saving Tips
Consider staying in hostels or budget hotels, which offer affordable prices and a social atmosphere.
Eat at local restaurants and street food stalls, which serve delicious and authentic Peruvian cuisine at a fraction of the cost of mid-range restaurants.
Use public transportation, such as buses and colectivos, which are cheap and efficient.
Avoid traveling during peak season (June to September), when prices for accommodation and tours tend to be higher.
Learn some basic Spanish phrases, which can help you navigate the country and avoid tourist scams.
Take advantage of free walking tours and cultural events, which are often available in cities like Lima and Cusco.