Peru is one of the least expensive countries to live in South America. You can cover your basic expenses for $2,000 per month or less in most areas other than in Lima. Living in the capital costs you a bit more for the same quality of life as you would experience in outlying areas.
Is it cheap to go to Peru?
The Daily Cost of Peru Travel As the name already defines it, low-budget travel at $25-30 USD is very low. To get on by that, youd need to really be holding back: only very basic hostels, cheap set-meals and just local transportation. The mid-budget travel is the most common for all travelers.
Is going to Peru expensive?
Peru travel is a bargain. Or Peru is very expensive. If you eat where locals of average means eat and drink in Cusco or elsewhere, then Peru is a cheap place to travel, even in the capital city. The exchange rate right now is around 3.3 soles to the dollar, but when I snapped that photo is was under 3.