I get a lot of emails and questions about the cost of living in Peru. There really is no such thing as “the cost of living” in Peru. What one person spends in Miraflores in a month will be entirely different from what another person spends in Accha, and averages tend to skew the big picture.
Here’s a comment about cost of living in Lima from an expat airline pilot:
It’s true that some areas of Lima are very expensive, but on the other hand most people in Peru have a far lower cost of living (and income) than what’s quoted above. Per capita GDP in Peru 2010 was $9,200 (CIA factbook).
So I decided to do my own little experiment: I took $200 (about 544 Peruvian Nuevos Soles) out of my local bank account here today. I will try not to use my bank card for anything in the next few days, just cash, and keep track of how much I spend each day and how long it takes for my $200 to run out. Hopefully I will make it through at least a few days 🙂
Sadly, I’ve already spent some of my $200 because bills were due today. Here’s what I’ve spent so far:
- Garbage pickup, 2 months: S/.13.00 (~ $4.78)
- Water & sewer, 1 month: S/.14.00 (~ $5.14)
- Electricity, 1 month: S/.42.20 (~ $15.51)
Maybe today wasn’t the best day to start my experiment, because I’ve just completed 2 of my biggest recurring purchases in the past few days: diapers and dogfood 😉
Check back tomorrow and see how my wallet is holding up!