Lima vs Reykjavik - Cost of Living Comparison

Updated: March 11, 2026

	Lima	Reykjavik
🚶 Cost of living one person	$1075	$3322
👨‍👩‍👧‍👦 Cost of living Family	$2553	$6846
🏠 One person rent	$489	$2058
🏘️ Family rent	$776	$3020
🍽️ Food expenses	$300	$916
🚐 Transport expenses	$192	$102
💳 Monthly salary after tax	$643	$4546
😷 Air quality	Moderate	Excellent
✈️ Airport proximity	9 km	4 km
🎓 Higher education	77	52
😀 Quality of life	70	89
🏙️ Population	9.94M	139K

The cost of living in Lima is 68% less expensive than in Reykjavik. Cities ranked 5141st and 86th ($1075 vs $3322) in the list of the most expensive cities in the world and ranked 1st and 1st in Peru and Iceland, respectively. Check Peru vs Iceland comparison.

The average after-tax salary is enough to cover living expenses for 0.6 months in Lima compared to 1.4 months in Reykjavik. Lima ranked 1st best city to live in Peru vs Reykjavik ranked 1st in Iceland, while ranked 4052nd and 268th among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

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Prices in Lima vs Reykjavik

Prices for goods and services in Lima and Reykjavik are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

	Lima	Reykjavik
Eating Out
🍱 Lunch Menu	$4.88	$28.6
🥂 Dinner in a Restaurant, for 2	$25	$90.8
🥪 Fast food meal, equiv. McDonald's	$6.92	$20.3
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$2.49	$12.6
☕ Cappuccino	$3.29	$6.19
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$1.06	$3.25
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$654	$2151
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$367	$1861
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$1036	$3373
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$603	$2721
🔌 Utility Bill one person, electricity, heating, water, etc.	$38.4	$51.6
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$59.5	$81.7
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$26.3	$87.2
🏦 Mortgage Interest Rate for 20 Years	9.09%	8.79%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$2206	$7832
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$1546	$6385
Transportation
🚌 Local transport ticket	$0.71	$5.51
🎟️ Monthly ticket local transport	$34.9	$87.9
🚕 Taxi Ride, 8 km or 5 mi	$18.3	$29.5
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.38	$2.49
Groceries
🥛 Milk, 1 L or 1 qt	$1.71	$1.98
🍞 Bread, 0.5 kg or 1.1 lb	$2.08	$4.44
🍚 Rice, 1 kg or 2.2 lb	$1.31	$3.58
🥚 Eggs, x12	$2.99	$6.83
🧀 Cheese, 1 kg or 2.2 lb	$8.27	$19.7
🐔 Chicken Breast, 1 kg or 2.2 lb	$6.4	$26
🥩 Round Steak, 1 kg or 2.2 lb	$11	$44.9
🍏 Apples, 1 kg or 2.2 lb	$2.15	$3.55
🍌 Banana, 1 kg or 2.2 lb	$1.07	$2.67
🍊 Oranges, 1 kg or 2.2 lb	$1.27	$3.41
🍅 Tomato, 1 kg or 2.2 lb	$1.34	$5.8
🥔 Potato, 1 kg or 2.2 lb	$0.95	$3.52
🧅 Onion, 1 kg or 2.2 lb	$0.89	$2.2
🌊 Water, 1 L or 1 qt	$0.62	$1.27
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.58	$3.01
🍾 Wine (mid-priced), 750 mL bottle	$11.9	$24.2
🍺 Beer, 0.5 L or 16 fl oz	$1.83	$3.95
🚬 Cigarette pack	$5.75	$14
💊 Cold medicince, 1 week	$6.75	$12.7
🧴 Hair Shampoo	$5.95	$5.93
🧻 Toilet paper, 4 rolls	$1.94	$5.26
👄 Toothpaste, 1 tube	$1.72	$3.63
Other
🏋️ Gym Membership, 1 month	$32.2	$95.3
🎫 Cinema Ticket, 1 person	$7.31	$18.6
👩‍⚕️ Doctor's visit	$37.7	$93.8
💇 Haircut, simple	$11.1	$46.1
👖 Brand Jeans	$53.3	$144
👟 Brand Sneakers	$90.2	$176
👶 Daycare or Preschool, 1 month	$215	$408
🏫 International Primary School, 1 year	$9668	$30361

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near Lima

Distance	City	Cost of living
11 km or 6.8 mi	Callao	$844
64 km or 40 mi	Huaral	$796
122 km or 76 mi	Huacho	$752
198 km or 123 mi	Huancayo	$611
205 km or 128 mi	Pisco	$618
251 km or 156 mi	Huanuco	$662
265 km or 165 mi	Ica	$739
285 km or 177 mi	Huaraz	$608
329 km or 204 mi	Ayacucho	$661
372 km or 231 mi	Chimbote	$540
483 km or 300 mi	Abancay	$664
489 km or 304 mi	Trujillo	$746
490 km or 304 mi	Pucallpa	$534
567 km or 352 mi	Cajamarca	$596
572 km or 355 mi	Cusco	$691
623 km or 387 mi	Tarapoto	$617
655 km or 407 mi	Chachapoyas	$607
663 km or 412 mi	Chiclayo	$676
685 km or 426 mi	Cruzeiro do Sul	$661
732 km or 455 mi	Jaen	$619
765 km or 475 mi	Arequipa	$652
838 km or 521 mi	Juliaca	$605
855 km or 531 mi	Puerto Maldonado	$630
858 km or 533 mi	Piura	$660
866 km or 538 mi	Puno	$571
891 km or 554 mi	Sullana	$605
896 km or 557 mi	Paita	$650
927 km or 576 mi	Loja	$594
952 km or 591 mi	Talara	$714
987 km or 614 mi	Mancora	$668
988 km or 614 mi	Tacna	$461
1014 km or 630 mi	Iquitos	$760
1014 km or 630 mi	Arica	$727
1015 km or 631 mi	Tumbes	$590
1029 km or 639 mi	Machala	$584
1032 km or 642 mi	Rio Branco	$812
1041 km or 647 mi	Cuenca	$822
1073 km or 666 mi	El Alto	$665
1077 km or 669 mi	La Paz	$675
1138 km or 707 mi	Milagro	$755

Cities near Reykjavik

Distance	City	Cost of living
6.8 km or 4.2 mi	Kopavogur	$3219
9.8 km or 6.1 mi	Hafnarfjorur	$3212
38 km or 24 mi	Keflavik	$2621
247 km or 153 mi	Akureyri	$2974
795 km or 494 mi	Torshavn	$2066
1204 km or 748 mi	Inverness	$2053
1230 km or 764 mi	Elgin	$1540
1300 km or 808 mi	Derry	$1620
1309 km or 813 mi	Greenock	$1645
1321 km or 821 mi	Aberdeen	$1848
1325 km or 823 mi	Perth	$1656
1328 km or 825 mi	Stirling	$1852
1331 km or 827 mi	Paisley	$1906
1333 km or 828 mi	Alloa	$1862
1337 km or 831 mi	Glasgow	$2121
1339 km or 832 mi	Dundee	$1585
1340 km or 833 mi	Omagh	$1769
1341 km or 833 mi	Cumbernauld	$1652
1342 km or 834 mi	Irvine	$1707
1348 km or 838 mi	East Kilbride	$1902
1349 km or 838 mi	Kilmarnock	$1568
1351 km or 839 mi	Dunfermline	$1782
1353 km or 841 mi	Hamilton	$1854
1357 km or 843 mi	Ayr	$1588
1360 km or 845 mi	Kirkcaldy	$1821
1365 km or 848 mi	Livingston	$1784
1372 km or 852 mi	Edinburgh	$2331
1382 km or 859 mi	Newtownabbey	$1892
1387 km or 862 mi	Belfast	$1954
1390 km or 864 mi	Bangor	$1496
1391 km or 864 mi	Lisburn	$1945
1401 km or 871 mi	Alesund	$1980
1413 km or 878 mi	Galway	$2978
1425 km or 886 mi	Dundalk	$2179
1431 km or 889 mi	Dumfries	$1490
1433 km or 891 mi	Nuuk	$2363
1441 km or 895 mi	Molde	$2135
1454 km or 903 mi	Kristiansund	$1984
1455 km or 904 mi	Drogheda	$2627
1455 km or 904 mi	Bergen	$2409