Cost of living comparison

Iceland

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 ISK2,491	$3.74 PEN13.94	-80.7%
Fast food combo meal McDonalds, or similar	$16.94 ISK2,176	$5.76 PEN21.47	-66.0%
Bottle of Coca-Cola (11 fl. oz)	$2.81 ISK361	$0.93 PEN3.47	-66.8%
Bottle of water (11 fl. oz)	$2.02 ISK260	$0.47 PEN1.75	-76.8%
Average			-72.6%

Iceland vs. Peru - Cost of restaurants

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pay 53.4% less for groceries

	Iceland	Peru
Bread 1 loaf	$2.95 ISK379	$2.12 PEN7.90	-28.2%
Local cheese (8 oz)	$7.27 ISK933	$3.22 PEN11.99	-55.7%
Milk (1 gallon)	$6.01 ISK771	$4.63 PEN17.25	-22.9%
Eggs 1 dozen	$5.42 ISK696	$2.67 PEN9.96	-50.7%
Boneless chicken breast (1 lb)	$8.51 ISK1,093	$2.40 PEN8.96	-71.7%
Apples (1 lb)	$1.22 ISK157	$0.71 PEN2.65	-41.9%
Bananas (1 lb)	$1.03 ISK132	$0.38 PEN1.43	-62.5%
Oranges (1 lb)	$1.17 ISK150	$0.44 PEN1.63	-62.6%
Tomatoes (1 lb)	$1.87 ISK241	$0.45 PEN1.69	-75.8%
Potatoes (1 lb)	$1.23 ISK159	$0.43 PEN1.62	-64.9%
Onions (1 lb)	$0.78 ISK101	$0.39 PEN1.45	-50.5%
Average			-53.4%

Iceland vs. Peru - Cost of groceries

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pay 47.5% less for transportation

	Iceland	Peru
Gasoline (1 gallon)	$8.36 ISK1,074	$5.19 PEN19.32	-38.0%
Monthly public transit pass	$71.28 ISK9,154	$17.61 PEN65.58	-75.3%
New Volkswagen Golf 1.4 (standard edition)	$40,660.66 ISK5,221,945	$20,522.48 PEN76,441.08	-49.5%
Taxi trip in downtown area (5 miles)	$22.04 ISK2,830	$16.04 PEN59.74	-27.2%
Average			-47.5%

Iceland vs. Peru - Cost of transportation

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pay 65.7% less for housing

	Iceland	Peru
Internet connection 50 mbps or faster, cable/dsl	$72.17 ISK9,269	$28.54 PEN106.30	-60.5%
1-Bedroom apartment in downtown area	$1,838.04 ISK236,055	$324.84 PEN1,209.96	-82.3%
1-Bedroom apartment outside city center	$1,497.77 ISK192,355	$239.27 PEN891.20	-84.0%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$58.01 ISK7,451	$37.17 PEN138.45	-35.9%
Average			-65.7%

Iceland vs. Peru - Cost of housing

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pay 33.0% less for childcare

	Iceland	Peru
Private preschool for 1 child, monthly	$258.16 ISK33,155	$170.53 PEN635.19	-33.9%
Middle school for 1 child, two semesters	$5,993.99 ISK769,793	$4,073.87 PEN15,174.14	-32.0%
Average			-33.0%

Iceland vs. Peru - Cost of childcare

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pay 55.7% less for entertainment and sports

	Iceland	Peru
Domestic/local beer (1 pint)	$9.19 ISK1,180	$2.47 PEN9.19	-73.1%
Cappuccino in mid-range area	$4.65 ISK597	$2.84 PEN10.59	-38.8%
Pack of cigarettes Marlboro or similar	$11.76 ISK1,510	$5.40 PEN20.11	-54.1%
Monthly membership at local gym	$61.46 ISK7,893	$32.14 PEN119.71	-47.7%
Movie ticket to theater/cinema	$14.35 ISK1,843	$5.04 PEN18.76	-64.9%
Average			-55.7%

Iceland vs. Peru - Cost of entertainment and sports

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pay 59.7% less for clothing

	Iceland	Peru
Regular jeans Levi's brand	$111.23 ISK14,285	$42.67 PEN158.92	-61.6%
Regular dress from H&M or similar store	$59.69 ISK7,666	$26.03 PEN96.95	-56.4%
Running shoes Nike or Adidas	$148.00 ISK19,007	$66.63 PEN248.19	-55.0%
Men's business shoes (leather)	$184.49 ISK23,694	$62.87 PEN234.16	-65.9%
Average			-59.7%

Iceland vs. Peru - Cost of clothing

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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 2025

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