Cost of living comparison

compared to

Peru vs. Iceland Cost of Living Summary

Peru is 55.4% cheaper than Iceland overall.

Restaurants: pay 72.6% less in Peru
Groceries: pay 53.4% less in Peru
Transportation: pay 47.5% less in Peru
Housing: pay 65.7% less in Peru
Childcare: pay 33.0% less in Peru
Entertainment and Sports: pay 55.7% less in Peru
Clothing: pay 59.7% less in Peru

Expenses including restaurants, housing, clothing, entertainment and sports, groceries, and transportation are lower in Peru.

Peru vs. Iceland Cost Breakdown

If you lived in Peru instead of Iceland, you would:

Display currency: USD

pay 72.6% less for restaurants

	Iceland	Peru
Basic meal with drink at inexpensive restaurant	$19.40 ISK2,534	$3.74 PEN13.66	-80.7%
Fast food combo meal McDonalds, or similar	$16.94 ISK2,213	$5.76 PEN21.05	-66.0%
Bottle of Coca-Cola (11 fl. oz)	$2.81 ISK367	$0.93 PEN3.41	-66.8%
Bottle of water (11 fl. oz)	$2.02 ISK264	$0.47 PEN1.71	-76.8%
Average			-72.6%

Iceland vs. Peru - Cost of restaurants

Improve prices · Change currency (USD)

pay 53.4% less for groceries

	Iceland	Peru
Bread 1 loaf	$2.95 ISK386	$2.12 PEN7.74	-28.2%
Local cheese (8 oz)	$7.27 ISK949	$3.22 PEN11.76	-55.7%
Milk (1 gallon)	$6.01 ISK784	$4.63 PEN16.91	-22.9%
Eggs 1 dozen	$5.42 ISK708	$2.67 PEN9.77	-50.7%
Boneless chicken breast (1 lb)	$8.51 ISK1,111	$2.40 PEN8.78	-71.7%
Apples (1 lb)	$1.22 ISK160	$0.71 PEN2.59	-41.9%
Bananas (1 lb)	$1.03 ISK134	$0.38 PEN1.41	-62.5%
Oranges (1 lb)	$1.17 ISK153	$0.44 PEN1.60	-62.6%
Tomatoes (1 lb)	$1.87 ISK245	$0.45 PEN1.66	-75.8%
Potatoes (1 lb)	$1.23 ISK161	$0.43 PEN1.58	-64.9%
Onions (1 lb)	$0.78 ISK102	$0.39 PEN1.42	-50.5%
Average			-53.4%

Iceland vs. Peru - Cost of groceries

Improve prices · Change currency (USD)

pay 47.5% less for transportation

	Iceland	Peru
Gasoline (1 gallon)	$8.36 ISK1,092	$5.19 PEN18.95	-38.0%
Monthly public transit pass	$71.28 ISK9,310	$17.61 PEN64.30	-75.3%
New Volkswagen Golf 1.4 (standard edition)	$40,660.66 ISK5,310,689	$20,522.48 PEN74,948.11	-49.5%
Taxi trip in downtown area (5 miles)	$22.04 ISK2,878	$16.04 PEN58.58	-27.2%
Average			-47.5%

Iceland vs. Peru - Cost of transportation

Improve prices · Change currency (USD)

pay 65.7% less for housing

	Iceland	Peru
Internet connection 50 mbps or faster, cable/dsl	$72.17 ISK9,427	$28.54 PEN104.23	-60.5%
1-Bedroom apartment in downtown area	$1,838.04 ISK240,066	$324.84 PEN1,186.33	-82.3%
1-Bedroom apartment outside city center	$1,497.77 ISK195,624	$239.27 PEN873.80	-84.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$58.01 ISK7,577	$37.17 PEN135.74	-35.9%
Average			-65.7%

Iceland vs. Peru - Cost of housing

Improve prices · Change currency (USD)

pay 33.0% less for childcare

	Iceland	Peru
Private preschool for 1 child, monthly	$258.16 ISK33,719	$170.53 PEN622.79	-33.9%
Middle school for 1 child, two semesters	$5,993.99 ISK782,876	$4,073.87 PEN14,877.78	-32.0%
Average			-33.0%

Iceland vs. Peru - Cost of childcare

Improve prices · Change currency (USD)

pay 55.7% less for entertainment and sports

	Iceland	Peru
Domestic/local beer (1 pint)	$9.19 ISK1,200	$2.47 PEN9.01	-73.1%
Cappuccino in mid-range area	$4.65 ISK607	$2.84 PEN10.39	-38.8%
Pack of cigarettes Marlboro or similar	$11.76 ISK1,535	$5.40 PEN19.72	-54.1%
Monthly membership at local gym	$61.46 ISK8,027	$32.14 PEN117.37	-47.7%
Movie ticket to theater/cinema	$14.35 ISK1,874	$5.04 PEN18.39	-64.9%
Average			-55.7%

Iceland vs. Peru - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 59.7% less for clothing

	Iceland	Peru
Regular jeans Levi's brand	$111.23 ISK14,528	$42.67 PEN155.82	-61.6%
Regular dress from H&M or similar store	$59.69 ISK7,796	$26.03 PEN95.05	-56.4%
Running shoes Nike or Adidas	$148.00 ISK19,330	$66.63 PEN243.34	-55.0%
Men's business shoes (leather)	$184.49 ISK24,097	$62.87 PEN229.59	-65.9%
Average			-59.7%

Iceland vs. Peru - Cost of clothing

Improve prices · Change currency (USD)

The statistics used to build this comparison are calculated using data from users just like you. We average the price of thousands of data points entered by users across the world. Learn more about our data sources. Page last updated: May 2025

More cost comparisons

Iceland vs.

United Kingdom

Iceland vs.

Vietnam

Iceland vs.

Greece

Iceland vs.

Poland

Iceland vs.

France

Iceland vs.

Ecuador

Iceland vs.

Thailand

Iceland vs.

United States

Share this

Compare by city

For example, try comparing the cost of living in Reykjavik vs. Lima

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location to help assist us in making these comparisons more accurate. Learn more

Add prices for Iceland

Add prices for Peru

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Peru or Iceland. It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.