Is Magdalena Expensive?

Lima, Peru

-8% vs Lima avg

Living in Magdalena, Lima

Magdalena is a moderately-priced area within Lima, with a cost of living index of 23.7 — that is -8% compared to the Lima average. It sits around the middle of the pack at #7 out of 19 neighborhoods. Estimated rent for a one-bedroom apartment here is around S/1,534/month, compared to a range of S/1,084 in Comas to S/2,167 in San Isidro.

Monthly Budget Breakdown

For a typical resident of Magdalena, housing takes up roughly 28% of monthly expenses. Food and groceries account for about 20%, while transportation costs around 10%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately S/61,352 before tax.

Typical Salaries in Magdalena

Salaries in Magdalena reflect the local cost of living. Based on the neighborhood COLI of 23.7:

After tax and deductions of 18.5% in Peru, take-home pay for someone earning S/61,352 would be roughly S/50,002/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.

Key Stats

23.7
COLI Index
0.92x
vs City Avg
S/1,534
Est. 1BR Rent
#7
of 19 Areas
18.5%
Total Deductions

Tax & Deductions in Magdalena

Estimated annual deductions on a S/65,853 salary in Magdalena, Lima (local employee).

Income Tax
6%
ONP/AFP + EsSalud
13.0%
Total Deductions: 18.5%
Est. Take-Home: S/53,652/yr

Rates shown are for a local employee. Use the salary converter for expat calculations.

Salary Equivalents

What a $75,000 USD salary in Magdalena would need to be elsewhere:

City Currency Equivalent
New York USD $17,775
London GBP £15,297
Dubai AED AED 88,942

Other Neighborhoods in Lima

Neighborhood COLI Multiplier vs Avg
San Isidro 33.5 1.30x +30%
Miraflores 33.0 1.28x +28%
Barranco 29.7 1.15x +15%
Surco 27.9 1.08x +8%
La Molina 27.1 1.05x +5%

View all 19 neighborhoods in Lima →

Convert Your Salary

See exactly what you need to earn in Magdalena, Lima to maintain your lifestyle.

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Similar Neighborhoods Worldwide

Neighborhoods with a similar cost of living to Magdalena:

Mustamäe, Tallinn Tondi, Tallinn Santitham, Chiang Mai District 4, Ho Chi Minh City Unirii, Bucharest Thalang, Phuket

Frequently Asked Questions

Is Magdalena expensive in Lima?

Magdalena is one of the more affordable neighborhoods in Lima. It costs about -8% less than the city average, ranking #7 out of 19 neighborhoods.

How does Magdalena compare to the Lima average?

The cost of living in Magdalena is below the Lima average. With a multiplier of 0.92x, everyday expenses including rent, food, and transportation are -8% compared to the city baseline.

Data Sources: Cost of living indices based on crowd-sourced price data and official statistics. Tax calculations follow 2026 rates. Sources include OECD Better Life Index. Figures are estimates and may vary based on individual circumstances.