The true cost of living in Lima, Peru.

dollar

Lots of foreigners speculate what it would cost to live in Lima, Peru. It is true you can live very cheap in Peru, South America. But living in Lima can increase your expenses by a good percentage.


dollar

dollar

Lots of foreigners speculate what it would cost to live in Lima, Peru. It is true you can live very cheap in Peru, South America. But living in Lima can increase your expenses by a good percentage.

Here is a rough break down of renting an apartment for 1 month. This is just a small 2 bed apartment with a simple electric hot water shower. Simple apartments do not have hot water. You need to buy an electric heater and have it installed. Most cheap apartments do not have cabinets, so that is another expense.

Small 2 bed apartment 190.00 USD (United States Dollar)

Shared high speed Internet line 8.00 USD

Water 8.00 USD

Electric 15.00 USD

Gas for stove 15.00 USD

Bottled Water 7.00 USD

Total= 243.00 USD

Hot water heater for shower is about 15.00 USD

Cheap cabinets for dishes and counter for gas stove is about 80.00 USD

A cheap double size mattress and wooden frame 226.00 USD

Mini refrigerator 300.00 USD

3 burner gas stove 20.00 USD

Food

Food for one month shopping in Market and grocery store would be in the range of 170.00 to 200.00 USD.

So adding up the rent and food. Throw in some money for transportation and you are looking at about 500.00 USD per month complete to live in Lima, Peru South America.

Lets say you want to live in the mountain town of Huaraz, Peru. Then your rent would be about 100.00 USD per month for small apartment.

Now it is possible to live in the high rent area of Miraflores, Peru for roughly the same cost of the USA. About 7 years ago you could of bought a nice condominium for about 70,000.00 to 150,0000.00 USD in Miraflores, Peru. But now the prices have doubled and tripled. It is a sellers market at the moment.

The districts of Chorrillos, Barranco and Surco are a good place to look for affordable housing near Miraflores.