Cost of Living & Salary Comparison 2026
Overall, Buenos Aires is approximately 1% cheaper than Lima based on our cost of living index. Buenos Aires has a COLI of 25.6 (ranked #94 of 113 cities), while Lima has a COLI of 25.8 (ranked #93).
When it comes to housing, one-bedroom apartment rent in Buenos Aires averages $400/month compared to $450/month in Lima. That makes Buenos Aires approximately 11% cheaper for rent alone.
Lima has lower total deductions (19.2%) compared to Buenos Aires (48.0%), meaning you keep more of your gross salary in Lima. When evaluating a relocation, remember that total deductions directly impact your take-home pay and should be weighed alongside cost of living differences.
Full breakdown of mandatory payroll deductions for a mid-range salary as a local employee in each city.
Rates shown for local employees. Expat deductions may differ — use the main converter for personalized calculations.
If you earn AR$83,584,337 in Buenos Aires, you would need approximately S/280,032 in Lima to maintain the same purchasing power. That is 1% more due to higher cost of living.
COLI-scaled lifestyle equivalents of New York mid-range salaries — not local market pay. For verified/OECD local-market figures see salary pages.
| Job Title | Buenos Aires (ARS) | Lima (PEN) |
|---|---|---|
| Doctor (General) | AR$51,354,217 | S/172,052 |
| Software Engineer | AR$24,250,602 | S/81,247 |
| Product Manager | AR$28,530,120 | S/95,584 |
| Lawyer | AR$28,530,120 | S/95,584 |
| Data Scientist | AR$27,103,614 | S/90,805 |
| Marketing Manager | AR$20,541,687 | S/68,821 |
| Teacher | AR$13,694,458 | S/45,880 |
| Nurse | AR$16,547,470 | S/55,439 |
These are COLI lifestyle equivalents of the New York mid baseline, not typical local market pay. See methodology and profession×city salary pages for market figures with source badges.
| Neighborhood | Multiplier |
|---|---|
| Puerto Madero | 1.35x (+35%) |
| Palermo Chico | 1.30x (+30%) |
| Recoleta | 1.28x (+28%) |
| Palermo (Soho) | 1.25x (+25%) |
| Palermo Hollywood | 1.18x (+18%) |
| Neighborhood | Multiplier |
|---|---|
| San Isidro | 1.30x (+30%) |
| Miraflores | 1.28x (+28%) |
| Barranco | 1.15x (+15%) |
| Surco | 1.08x (+8%) |
| La Molina | 1.05x (+5%) |
Use our converter with 2,400+ neighborhood adjustments for a precise salary comparison
Open Salary ConverterLima is more expensive overall. Buenos Aires has a COLI of 25.6 while Lima has a COLI of 25.8, making Buenos Aires approximately 1% cheaper.
To maintain the same standard of living as AR$83,584,337 in Buenos Aires, you would need approximately S/280,032 in Lima.
Average one-bedroom rent in Buenos Aires is $400/month compared to $450/month in Lima. Buenos Aires has lower rent by approximately 11%.
Lima has lower total deductions (19.2%) compared to Buenos Aires (48.0%), meaning you keep more of your gross salary in Lima.
Cost of living indices (COLI) are benchmarked to New York City = 100 and derived from Numbeo and Expatistan crowd-sourced price surveys, cross-referenced with national statistics agencies. Rent data from Numbeo Property Prices.
Salary ranges are compiled from the U.S. Bureau of Labor Statistics (OES), Glassdoor, and PayScale. Tax rates are approximate effective rates for mid-range earners based on OECD Taxing Wages and national tax authorities. Exchange rates from the European Central Bank. Neighborhood multipliers are estimated from local rental indices and property data.
Last updated: 2026-08-31. Data is refreshed periodically. All figures are estimates for informational purposes only.