Cost of Living Comparison

PEN

COMPARED TO

ISK

Iceland is 2.3 times more expensive than Peru.

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

pay 3.6 times more for restaurants

	Peru	Iceland
Basic meal with drink at inexpensive restaurant	$2.56 PEN8.32	$15.54 kr1,631	+505.8%
Fast food combo meal McDonalds, or similar	$5.04 PEN16.33	$12.54 kr1,316	+149.0%
Bottle of Coca-Cola (11 fl. oz)	$0.90 PEN2.93	$2.37 kr249	+162.6%
Bottle of water (11 fl. oz)	$0.52 PEN1.67	$1.68 kr177	+226.7%
Average			+261.0%

Peru vs. Iceland - Cost of restaurants

Improve prices · Change currency (USD)

pay 2.2 times more for groceries

	Peru	Iceland
Bread 1 loaf	$1.59 PEN5.14	$3.04 kr319	+91.5%
Local cheese (8 oz)	$3.34 PEN10.83	$5.12 kr538	+53.4%
Milk (1 gallon)	$4.94 PEN16.02	$4.59 kr482	-7.1%
Eggs 1 dozen	$1.74 PEN5.66	$5.23 kr549	+200.0%
Boneless chicken breast (1 lb)	$2.05 PEN6.66	$6.56 kr689	+219.4%
Apples (1 lb)	$0.62 PEN2.02	$0.98 kr103	+57.9%
Bananas (1 lb)	$0.42 PEN1.36	$0.83 kr88	+99.3%
Oranges (1 lb)	$0.48 PEN1.55	$1.02 kr107	+113.6%
Tomatoes (1 lb)	$0.44 PEN1.44	$1.68 kr176	+278.5%
Potatoes (1 lb)	$0.32 PEN1.05	$0.96 kr100	+194.8%
Onions (1 lb)	$0.32 PEN1.04	$0.55 kr58	+73.1%
Average			+124.9%

Peru vs. Iceland - Cost of groceries

Improve prices · Change currency (USD)

pay 2.4 times more for transportation

	Peru	Iceland
Gasoline (1 gallon)	$4.02 PEN13.03	$5.96 kr626	+48.4%
Monthly public transit pass	$18.91 PEN61.31	$90.41 kr9,489	+378.2%
New Volkswagen Golf 1.4 (standard edition)	$18,748.90 PEN60,793.32	$26,163.21 kr2,745,829	+39.5%
Taxi trip in downtown area (5 miles)	$12.50 PEN40.53	$22.36 kr2,347	+78.9%
Average			+136.2%

Peru vs. Iceland - Cost of transportation

Improve prices · Change currency (USD)

pay 2.5 times more for housing

	Peru	Iceland
Internet connection 50 mbps or faster, cable/dsl	$43.47 PEN140.95	$63.30 kr6,644	+45.6%
1-Bedroom apartment in downtown area	$430.18 PEN1,394.86	$1,285.14 kr134,875	+198.7%
1-Bedroom apartment outside city center	$266.76 PEN864.96	$1,064.16 kr111,684	+298.9%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$49.70 PEN161.15	$69.69 kr7,314	+40.2%
Average			+145.8%

Peru vs. Iceland - Cost of housing

Improve prices · Change currency (USD)

pay 4.3% less for childcare

	Peru	Iceland
Private preschool for 1 child, monthly	$188.97 PEN612.74	$279.46 kr29,329	+47.9%
Middle school for 1 child, two semesters	$6,924.58 PEN22,452.94	$3,014.93 kr316,417	-56.5%
Average			-4.3%

Peru vs. Iceland - Cost of childcare

Improve prices · Change currency (USD)

pay 2.4 times more for entertainment and sports

	Peru	Iceland
Domestic/local beer (1 pint)	$1.89 PEN6.11	$7.97 kr837	+322.8%
Cappuccino in mid-range area	$2.34 PEN7.58	$4.17 kr438	+78.4%
Pack of cigarettes Marlboro or similar	$3.91 PEN12.68	$10.58 kr1,110	+170.6%
Monthly membership at local gym	$40.33 PEN130.76	$50.68 kr5,319	+25.7%
Movie ticket to theater/cinema	$5.63 PEN18.25	$11.05 kr1,159	+96.3%
Average			+138.8%

Peru vs. Iceland - Cost of entertainment and sports

Improve prices · Change currency (USD)

pay 2.1 times more for clothing

	Peru	Iceland
Regular jeans Levi's brand	$42.89 PEN139.06	$104.95 kr11,015	+144.7%
Regular dress from H&M or similar store	$33.57 PEN108.86	$60.45 kr6,345	+80.1%
Running shoes Nike or Adidas	$80.47 PEN260.92	$154.03 kr16,166	+91.4%
Men's business shoes (leather)	$72.05 PEN233.63	$161.72 kr16,973	+124.5%
Average			+110.2%

Peru vs. Iceland - 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: April 2021

More cost of living comparisons

Peru vs. Cambodia

Peru vs. Philippines

Iceland vs. Mexico

Iceland vs. Ireland

Iceland vs. Poland

Help us improve these prices

MyLifeElsewhere is a collaborative project. Please enter price information for your location (Ashburn, VA, United States) to help assist us in making these comparisons more accurate. Learn more

Contribute prices for Peru

Contribute prices for Iceland

Narrow your comparison by city:

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

HAVE A QUESTION? ASK THE COMMUNITY

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