Peru is in Western South America, bordering the South Pacific Ocean, between Chile and Ecuador. The climate varies from tropical in the east to dry desert in the west, and temperate to frigid in the Andes. The official languages are Spanish and Quechua. English is spoken in business, though a working knowledge of Spanish is advisable. Communicating in Spanish, if not always necessary, is appreciated. The main religion is Christianity. The economy of Peru is an emerging market-oriented economy characterized by a high level of foreign trade. Peru's economy has experienced significant growth in the last 15 years. In Peru conversations tend to take place much closer physically and stepping back can be regarded as unfriendly. Expatriate dress is typically formal in the form of a suit. The security risk for expatriates in Peru is medium overall but high in some areas. Risks include opportunistic street crime, assaults, and robbery. Other risks include earthquakes, volcanic activity, and landslides. The currency of Peru is the Peruvian Nuevo Sol (PEN). While ATMs are available in major urban areas not all international cards are accepted. Be aware that some ATMs may not automatically release the card when dispensing money and require a button to be pushed to release it. Major credit cards are accepted at some shops and restaurants. Be alert to the possibility of being passed counterfeit US dollars or local currency, especially from street money changers. Medical facilities are generally below international standards, can be expensive, and is not always available in some parts of the country. Yellow fever is endemic. The population of Peru is 32.2 Million (2019 est.), while the inflation rate (CPI) is 1.88% for Peru as at October 2019. Xpatulator Hypothetical Tax for Peru is based on the current personal income tax rates which are progressive up to 30%.
Cost Of Living
The cost of living for expatriates / professional migrants in We have collected prices for the same items, world wide, and converted them to $USD so that we can compare the cost of 13 different baskets in 780 global locations. For each basket, compared to New York, the equivalent cost in Peru is as follows: Peru as at 1 October 2019 is low in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: for items such as beer, spirits, wine and tobacco related products such as cigarettes. A basket costing USD$1000 in New York costs USD$730 2) Clothing: for items such as business, casual and children's clothing and footwear. A basket costing USD$1000 in New York costs USD$790 3) Communication: for various communication costs such as home telephone rental, internet subscription, mobile service provider tariff and data costs. A basket costing USD$200 in New York costs USD$230 4) Education: for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. A basket costing USD$30000 in New York costs USD$24300 5) Furniture & Appliances: for items such as dining table and chairs, home entertainment, kitchen appliances, and sofas. A basket costing USD$2500 in New York costs USD$3000 6) Groceries: for items such as consumables, cleaning products, dairy, fresh fruit & vegetables, general food products, snacks, soft drinks. A basket costing USD$1000 in New York costs USD$570 7) Healthcare: for general heath care, doctor visits, hospital stays, non-prescription medicine, and medical insurance. A basket costing USD$1000 in New York costs USD$630 8) Household Accommodation: for items such as apartment rent, house rent, property purchase, mortgage rate, and utilities. A basket costing USD$5000 in New York costs USD$2750 9) Miscellaneous: for items such as dry cleaning, linen, magazines, newspapers, office supplies, and postage stamps. A basket costing USD$500 in New York costs USD$395 10) Personal Care: for items such as cosmetics, hair care, and toiletries. A basket costing USD$500 in New York costs USD$300 11) Recreation & Culture: for items such as books, cinema, sport and theatre tickets. A basket costing USD$500 in New York costs USD$330 12) Restaurants Meals Out and Hotels: for items such as hotel daily room rates, meals and beverages in a restaurant, and take away food and beverages. A basket costing USD$1000 in New York costs USD$510 13) Transport: for items such as fuel (petrol/gasoline), car hire, public transport, vehicle purchase and maintenance. A basket costing USD$1000 in New York costs USD$640 Peru is -23.6% cheaper than USA for groceries, 2.7% more expensive for household costs than UK, and 61.1% more expensive for transport costs than India. The hardship premium for Peru for an expat from Australia, is for example 20%, i.e. host location (Peru) premium of 30% minus home (Australia) location premium of 10%. Peru is ranked as a high degree of hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Peru? Register subscribe to your home location and Peru and run your personalised reports.