Cost of living in Miraflores
Miraflores, a vibrant district in Lima, Peru, is known for its upscale living and cultural attractions. Understanding the cost of living here is crucial for anyone considering moving to or visiting this area.
This guide provides a detailed breakdown of expenses, including housing, dining, transportation, and more, to help you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $4.22 on average, with a range between $3.16 and $7.91.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $32.94, with prices ranging from $21.08 to $65.88.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $4.74, with a range between $4.74 and $7.91.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.32 to $3.95, imported beer $2.64 to $5.27, cappuccino $1.32 to $3.95, and Coke/Pepsi $0.66 to $3.43.
Grocery Prices
- Milk - Milk is priced between $1.05 and $1.58 per liter, averaging $1.19.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.66 and $5.27, with an average price of $1.05.
- Eggs (Dozen) - A dozen eggs range from $1.47 to $4.11, averaging $2.7.
- Fruits (e.g., Apples, Oranges) - Apples cost $0.92 to $2.64 per kg, while oranges range from $0.4 to $2.11 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.4 and $2.11 per kg, and lettuce costs $0.4 to $1.98 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $0.26.
- Fuel (Gasoline) - Gasoline is priced between $1.11 and $1.72 per liter.
- Taxi Fares - Taxi fares start at $3.29, with a cost of $1.84 to $3.95 per km and $6.59 to $13.18 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $500.69 to $800, averaging $650.34.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $474.33.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $1200 to $2000, averaging $1600.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $2500.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $36.96 and $103.38, averaging $52.7.
- Internet - Internet services range from $21.08 to $42.16, with an average cost of $26.51.
Cost of Living Rankings
The cost of living indices for Peru are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Peru, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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Salaries And Financing
Salaries And Financing
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"Key Takeaways"
Miraflores offers a relatively affordable cost of living compared to other upscale districts globally. Dining out is particularly budget-friendly, with inexpensive meals widely available.
Housing costs are moderate, especially for those looking to rent outside the city centre. Public transportation is very affordable, making it easy to navigate the city without a car.
Grocery prices are reasonable, with local produce and staples available at competitive rates. Utilities and internet services are also cost-effective, contributing to the overall affordability of living in Miraflores.
Conclusion
In conclusion, Miraflores presents a balanced cost of living, combining affordable dining and transportation with moderate housing expenses.
This makes it an attractive option for both expatriates and locals seeking a vibrant yet cost-effective lifestyle in Peru. With its cultural richness and economic advantages, Miraflores is a desirable place to live or visit.