Published: Monday, 21th October 2024
The cost of living in Peru is 1.99 times less expensive as compared to Iceland.
On this page, you will find side-by-side cost comparison between Peru and Iceland. We have created 172 cost-of-living indicators. We average the prices of all those indicators and take a mathematically calculated approach to determine which country is more expensive to live in between Peru and Iceland.
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Indicators | Peru | Iceland |
---|---|---|
1 BHK Apartment in City Center | 2,200 PEN (594 USD) | 200,000 ISK (1,420 USD) |
2 BHK Apartment in City Center | 3,500 PEN (945 USD) | 300,000 ISK (2,130 USD) |
3 BHK Apartment in City Center | 5,000 PEN (1,350 USD) | 400,000 ISK (2,840 USD) |
1 BHK Apartment outside City Center | 1,200 PEN (324 USD) | 150,000 ISK (1,065 USD) |
2 BHK Apartment outside City Center | 2,000 PEN (540 USD) | 200,000 ISK (1,420 USD) |
3 BHK Apartment outside City Center | 3,000 PEN (810 USD) | 300,000 ISK (2,130 USD) |
Mortgage Rates Per Month | 1.3 % | 4 % |
Realtor Commission | 5 % | 2 % |
Property Taxes | 0.3 to 1.0 % | 0.2 to 1.65 % |
The average housing cost in Peru is 2.37 times less expensive than Iceland.
Indicators | Peru | Iceland |
---|---|---|
Basic Home Furnishing | 12,000 PEN (3,240 USD) | 300,000 ISK (2,130 USD) |
Electricity Cost Per Month | 150 PEN (40.50 USD) | 20,000 ISK (142 USD) |
Heating Cost Per Month | 100 PEN (27 USD) | 25,000 ISK (177.50 USD) |
Cooling Cost Per Month | 80 PEN (21.60 USD) | 10,000 ISK (71 USD) |
Water Supply Cost Per Month | 50 PEN (13.50 USD) | 5,000 ISK (35.50 USD) |
If you lived in Peru, instead of Iceland, you would have to pay 30.77% more for Utilities.
The basic home furnishing in Peru costs 1.52 times more compared to Iceland.
Indicators | Peru | Iceland |
---|---|---|
Standard Wifi Cost Per Month | 120 PEN (32.40 USD) | 10,000 ISK (71 USD) |
Mobile Phone Basic Plan Cost Per Month | 60 PEN (16.20 USD) | 5,000 ISK (35.50 USD) |
Landline Basic Plan Cost Per Month | 40 PEN (10.80 USD) | 3,000 ISK (21.30 USD) |
Cable TV Basic Plan Cost Per Month | 80 PEN (21.60 USD) | 8,000 ISK (56.80 USD) |
The internet and communication costs 56.12% less in Peru compared to Iceland.
Indicators | Peru | Iceland |
---|---|---|
Long Grain Rice (1 KG) | 6 PEN (1.62 USD) | 500 ISK (3.55 USD) |
Milk (1 Liter) | 5 PEN (1.35 USD) | 250 ISK (1.78 USD) |
Water (1 Liter) | 1 PEN (0.27 USD) | 50 ISK (0.36 USD) |
Bread (500 gm) | 3 PEN (0.81 USD) | 150 ISK (1.07 USD) |
Eggs (1 Dozen) | 12 PEN (3.24 USD) | 500 ISK (3.55 USD) |
Cheese (1 KG) | 20 PEN (5.40 USD) | 1,200 ISK (8.52 USD) |
Chicken Breast (1 KG) | 18 PEN (4.86 USD) | 1,000 ISK (7.10 USD) |
In Peru, the cost of 1 Liter Water and 1 Liter Milk is 1.31 times less expensive than the cost in Iceland.
If you lived in Peru, instead of Iceland, you would have to pay 32.28% less for Groceries.
Indicators | Peru | Iceland |
---|---|---|
Apples (1 KG) | 10 PEN (2.70 USD) | 800 ISK (5.68 USD) |
Bananas (1 KG) | 6 PEN (1.62 USD) | 600 ISK (4.26 USD) |
Oranges (1 KG) | 8 PEN (2.16 USD) | 700 ISK (4.97 USD) |
Tomatoes (1 KG) | 5 PEN (1.35 USD) | 500 ISK (3.55 USD) |
Potatoes (1 KG) | 3 PEN (0.81 USD) | 400 ISK (2.84 USD) |
Lemons (1 KG) | 7 PEN (1.89 USD) | 700 ISK (4.97 USD) |
Onions (1 KG) | 6 PEN (1.62 USD) | 600 ISK (4.26 USD) |
Lentils (1 KG) | 8 PEN (2.16 USD) | 600 ISK (4.26 USD) |
If you lived in Peru, instead of Iceland, you would have to pay 2.43 times less for Fruits and Vegetables.
Indicators | Peru | Iceland |
---|---|---|
Meal at a Resonable Restaurant | 25 PEN (6.75 USD) | 3,500 ISK (24.85 USD) |
Three-Course Meal for Two | 80 PEN (21.60 USD) | 8,000 ISK (56.80 USD) |
Fast Food Combo Meal | 15 PEN (4.05 USD) | 1,500 ISK (10.65 USD) |
Normal Coffee | 8 PEN (2.16 USD) | 500 ISK (3.55 USD) |
Soft Drink | 4 PEN (1.08 USD) | 300 ISK (2.13 USD) |
Pizza for One | 30 PEN (8.10 USD) | 2,500 ISK (17.75 USD) |
Take-Out Delivery Meal | 25 PEN (6.75 USD) | 3,000 ISK (21.30 USD) |
Cigarette Pack of 20 | 15 PEN (4.05 USD) | 1,500 ISK (10.65 USD) |
Dining-Out costs 63.07% less in Peru compared to Iceland.
Indicators | Peru | Iceland |
---|---|---|
Wine Mid-Range Bottle | 45 PEN (12.15 USD) | 2,000 ISK (14.20 USD) |
Glass of Wine | 20 PEN (5.40 USD) | 1,200 ISK (8.52 USD) |
Domestic Beer Half Liter | 6 PEN (1.62 USD) | 600 ISK (4.26 USD) |
Imported Beer Half Liter | 10 PEN (2.70 USD) | 800 ISK (5.68 USD) |
Domestic Alcohol 1 Liter | 45 PEN (12.15 USD) | 3,000 ISK (21.30 USD) |
Branded Alcohol 1 Liter | 65 PEN (17.55 USD) | 4,000 ISK (28.40 USD) |
If you lived in Peru, instead of Iceland, you would have to pay 1.60 times less for usual hard drinks.
Indicators | Peru | Iceland |
---|---|---|
Monthly Public Transportation Pass | 80 PEN (21.60 USD) | 15,000 ISK (106.50 USD) |
Single Public Transportation Ticket | 2 PEN (0.54 USD) | 400 ISK (2.84 USD) |
Single Train Ticket | Yet to Update () | Yet to Update () |
Domestic Airplane Ticket | 300 PEN (81 USD) | 30,000 ISK (213 USD) |
Taxi Start Fare | 5 PEN (1.35 USD) | 800 ISK (5.68 USD) |
Taxi Rate Per Kilometer | 2 PEN (0.54 USD) | 200 ISK (1.42 USD) |
Car Rental Per Day | 80 PEN (21.60 USD) | 10,000 ISK (71 USD) |
Parking Fees in City Center Per Hour | 5 PEN (1.35 USD) | 500 ISK (3.55 USD) |
Parking Fees outside City Center Per Hour | 2 PEN (0.54 USD) | 300 ISK (2.13 USD) |
If you lived in Peru, instead of Iceland, you would have to pay 3.16 times less for transportation.
Indicators | Peru | Iceland |
---|---|---|
Reasonable Vehicle Purchase Cost | 35,000 PEN (9,450 USD) | 4,000,000 ISK (28,400 USD) |
Vehicle Registration Cost | 300 PEN (81 USD) | 15,000 ISK (106.50 USD) |
Driving License Fees | 150 PEN (40.50 USD) | 5,000 ISK (35.50 USD) |
Car Insurance Cost | 1,500 PEN (405 USD) | 40,000 ISK (284 USD) |
Car Maintenance Cost | 200 PEN (54 USD) | 15,000 ISK (106.50 USD) |
Car Loan Interest Rates | 8 % | 5 % |
Fuel Per Liter | 5 PEN (1.35 USD) | 250 ISK (1.78 USD) |
Fuel Per Gallon | 20 PEN (5.40 USD) | 1,200 ISK (8.52 USD) |
Average Toll Fees | Yet to Update | 1,000 ISK 7.10 USD |
You would have to pay 2.88 times less for Vehicle purchase, daily operation and maintenance in Peru compared to that of Iceland.
Indicators | Peru | Iceland |
---|---|---|
Doctor Visit | 60 PEN (16.20 USD) | 5,000 ISK (35.50 USD) |
Specialist Visit | 120 PEN (32.40 USD) | 10,000 ISK (71 USD) |
Dentist Visit | 80 PEN (21.60 USD) | 8,000 ISK (56.80 USD) |
Eye Exam | 50 PEN (13.50 USD) | 3,000 ISK (21.30 USD) |
Mental Health Counseling | 120 PEN (32.40 USD) | 8,000 ISK (56.80 USD) |
Preventive Health Screening | 60 PEN (16.20 USD) | 4,000 ISK (28.40 USD) |
Physical Therapy | 100 PEN (27 USD) | 6,000 ISK (42.60 USD) |
Emergency Room Visit | 500 PEN (135 USD) | 15,000 ISK (106.50 USD) |
Hospital Stay Per Night | 300 PEN (81 USD) | 25,000 ISK (177.50 USD) |
Vaccinations | 30 PEN (8.10 USD) | 2,500 ISK (17.75 USD) |
Prescription Medication | 30 PEN (8.10 USD) | 1,500 ISK (10.65 USD) |
Over the Counter Medication | 15 PEN (4.05 USD) | 800 ISK (5.68 USD) |
Health Insurance Premiums | 200 PEN (54 USD) | 20,000 ISK (142 USD) |
Health Insurance Deductibles | 100 PEN (27 USD) | 5,000 ISK (35.50 USD) |
If you lived in Peru, instead of Iceland, you would have to pay 1.70 times less for Health and Medical Treatment.
Indicators | Peru | Iceland |
---|---|---|
Cosmetic Procedures | 250 PEN (67.50 USD) | 30,000 ISK (213 USD) |
Spa Treatment | 150 PEN (40.50 USD) | 10,000 ISK (71 USD) |
Manicure Pedicure Cost | 60 PEN (16.20 USD) | 3,000 ISK (21.30 USD) |
Optical Glasses Cost | 150 PEN (40.50 USD) | 10,000 ISK (71 USD) |
Contact Lenses Cost | 100 PEN (27 USD) | 5,000 ISK (35.50 USD) |
Haircuts | 30 PEN (8.10 USD) | 2,000 ISK (14.20 USD) |
Hair Coloring | 80 PEN (21.60 USD) | 6,000 ISK (42.60 USD) |
Shampoo Price | 10 PEN (2.70 USD) | 500 ISK (3.55 USD) |
Toothpaste Price | 5 PEN (1.35 USD) | 200 ISK (1.42 USD) |
If you lived in Peru, instead of Iceland, you would have to pay 2.10 times less for Personal Care Items and Treatment.
Indicators | Peru | Iceland |
---|---|---|
Pair of Nike Running Shoes | 350 PEN (94.50 USD) | 15,000 ISK (106.50 USD) |
Men's Shirt | 70 PEN (18.90 USD) | 5,000 ISK (35.50 USD) |
Women's Dress | 120 PEN (32.40 USD) | 10,000 ISK (71 USD) |
Summer Dress | 80 PEN (21.60 USD) | 5,000 ISK (35.50 USD) |
Men's Suit | 400 PEN (108 USD) | 40,000 ISK (284 USD) |
Men's Jeans | 150 PEN (40.50 USD) | 7,000 ISK (49.70 USD) |
Women's Jeans | 100 PEN (27 USD) | 6,000 ISK (42.60 USD) |
Men's Formal Shoes | 150 PEN (40.50 USD) | 7,000 ISK (49.70 USD) |
Women's Formal Shoes | 150 PEN (40.50 USD) | 7,000 ISK (49.70 USD) |
Men's Casual Shoes | 100 PEN (27 USD) | 5,000 ISK (35.50 USD) |
Women's Casual Shoes | 90 PEN (24.30 USD) | 4,000 ISK (28.40 USD) |
Underwear For Men | 20 PEN (5.40 USD) | 1,000 ISK (7.10 USD) |
Underwear For Women | 25 PEN (6.75 USD) | 1,200 ISK (8.52 USD) |
Socks For Men | 10 PEN (2.70 USD) | 300 ISK (2.13 USD) |
Socks For Women | 10 PEN (2.70 USD) | 400 ISK (2.84 USD) |
Wintercoat for Adults | 200 PEN (54 USD) | 8,000 ISK (56.80 USD) |
Sportswear | 80 PEN (21.60 USD) | 6,000 ISK (42.60 USD) |
If you lived in Peru, instead of Iceland, you would have to pay 1.60 times less for Clothing and Footwear for Adults.
Indicators | Peru | Iceland |
---|---|---|
Children's Jeans | 60 PEN (16.20 USD) | 3,500 ISK (24.85 USD) |
Children's Normal Sneakers | 70 PEN (18.90 USD) | 4,000 ISK (28.40 USD) |
Children's Winter Coat | 100 PEN (27 USD) | 6,000 ISK (42.60 USD) |
Daycare for Infant | 500 PEN (135 USD) | 25,000 ISK (177.50 USD) |
Daycare for Toddler | 400 PEN (108 USD) | 20,000 ISK (142 USD) |
Childcare for Sick Days | 60 PEN (16.20 USD) | 1,500 ISK (10.65 USD) |
Early Childhood Education Programs | 300 PEN (81 USD) | 6,000 ISK (42.60 USD) |
Extra Curricular Activities | 200 PEN (54 USD) | 3,000 ISK (21.30 USD) |
Summer Camp for Kids | 300 PEN (81 USD) | 8,000 ISK (56.80 USD) |
If you lived in Peru, instead of Iceland, you would have to pay 1.02 times less for Childcare and kids clothing.
Indicators | Peru | Iceland |
---|---|---|
PreSchool Fees | 600 PEN (162 USD) | 30,000 ISK (213 USD) |
Primary School Fees | 1,500 PEN (405 USD) | 40,000 ISK (284 USD) |
Secondary School Fees | 2,500 PEN (675 USD) | 60,000 ISK (426 USD) |
Private School Fees | 4,000 PEN (1,080 USD) | 80,000 ISK (568 USD) |
University Tuition Fees | 8,000 PEN (2,160 USD) | 150,000 ISK (1,065 USD) |
University Private Tuition Fees | 12,000 PEN (3,240 USD) | 200,000 ISK (1,420 USD) |
After School Activities | 150 PEN (40.50 USD) | 5,000 ISK (35.50 USD) |
Special Education Services | 400 PEN (108 USD) | 7,000 ISK (49.70 USD) |
Tutoring | 60 PEN (16.20 USD) | 5,000 ISK (35.50 USD) |
Textbooks Cost | 100 PEN (27 USD) | 4,000 ISK (28.40 USD) |
School Supplies | 60 PEN (16.20 USD) | 2,000 ISK (14.20 USD) |
If you lived in Peru, instead of Iceland, you would have to pay 1.92 times more for school and education.
Indicators | Peru | Iceland |
---|---|---|
Movie Ticket (Single) | 25 PEN (6.75 USD) | 1,000 ISK (7.10 USD) |
Theater Ticket (Single) | 50 PEN (13.50 USD) | 2,000 ISK (14.20 USD) |
Concert Ticket (Single) | 60 PEN (16.20 USD) | 2,500 ISK (17.75 USD) |
Sports Event Ticket (Single) | 50 PEN (13.50 USD) | 1,500 ISK (10.65 USD) |
Gym Membership | 100 PEN (27 USD) | 6,000 ISK (42.60 USD) |
Swimming Pool Access | 40 PEN (10.80 USD) | 5,000 ISK (35.50 USD) |
Museum Entry Ticket | 20 PEN (5.40 USD) | 1,000 ISK (7.10 USD) |
Zoo Entry Ticket | 30 PEN (8.10 USD) | 1,500 ISK (10.65 USD) |
Amusement Park Entry Ticket | 60 PEN (16.20 USD) | 2,000 ISK (14.20 USD) |
Bowling | 25 PEN (6.75 USD) | 1,000 ISK (7.10 USD) |
Mini Golf | 20 PEN (5.40 USD) | 1,500 ISK (10.65 USD) |
Video Games | 100 PEN (27 USD) | 5,000 ISK (35.50 USD) |
Streaming Services | 30 PEN (8.10 USD) | 1,000 ISK (7.10 USD) |
Outdoor Equipment Rental | 30 PEN (8.10 USD) | 1,000 ISK (7.10 USD) |
Theme Park Annual Pass | 800 PEN (216 USD) | 50,000 ISK (355 USD) |
If you lived in Peru, instead of Iceland, you would have to pay 1.50 times less for entertainment, recreation and fun activities.
Indicators | Peru | Iceland |
---|---|---|
Language Classes | 300 PEN (81 USD) | 5,000 ISK (35.50 USD) |
Parenting Classes | 300 PEN (81 USD) | 5,000 ISK (35.50 USD) |
Art Classes | 40 PEN (10.80 USD) | 3,000 ISK (21.30 USD) |
Fitness Classes | 30 PEN (8.10 USD) | 6,000 ISK (42.60 USD) |
Music Lessons | 50 PEN (13.50 USD) | 4,000 ISK (28.40 USD) |
Dance Lessons | 50 PEN (13.50 USD) | 4,000 ISK (28.40 USD) |
Reading Materials for Classes | 20 PEN (5.40 USD) | 1,000 ISK (7.10 USD) |
Educational Software | 300 PEN (81 USD) | 3,000 ISK (21.30 USD) |
If you lived in Peru, instead of Iceland, you would have to pay 1.34 times more for Private Classes.
Indicators | Peru | Iceland |
---|---|---|
Average Gross Monthly Salary | 2,500 PEN (675 USD) | 450,000 ISK (3,195 USD) |
Average Net Monthly Salary | 2,000 PEN (540 USD) | 350,000 ISK (2,485 USD) |
Minimum Wages | 33.33 PEN per hour (9 USD) | 6,666.67 ISK per hour (47.33 USD) |
Average Bonus | 300 PEN (81 USD) | 40,000 ISK (284 USD) |
Income Tax Rate | 0 to 18 % | 0 to 24 % |
Social Security Contributions | 9 % | 7 % |
Pension Contributions | 8 % | 8 % |
Cost of Living Index | 60 | 12 |
Median Household Income | 1,800 PEN (486 USD) | 400,000 ISK (2,840 USD) |
If you lived in Peru, you would earn 4.94 times less salary as compared to Iceland.
Indicators | Peru | Iceland |
---|---|---|
Legal Consultation Per Hour Rate | 200 PEN (54 USD) | 10,000 ISK (71 USD) |
Accounting Services Per Hour Rate | 150 PEN (40.50 USD) | 7,000 ISK (49.70 USD) |
IT Support Services Per Hour Rate | 100 PEN (27 USD) | 5,000 ISK (35.50 USD) |
Technician Services Per Hour Rate | 80 PEN (21.60 USD) | 4,000 ISK (28.40 USD) |
Professional Services cost 1.29 times less in Peru, as compared to Iceland.
We hope you enjoyed the detailed guide on the cost of living comparsion between Peru and Iceland.
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