Mexico CityvsLima
Overall
💰-6.7%
Mexico City is 6.7%cheaper
Rent
🏠-20.0%
Housing is 20.0% lower
Dining
🍽️-12.5%
Restaurants 12.5% cheaper
Groceries
🛒+12.5%
Food shopping 12.5% more
Comparing the cost of living between Mexico City, Mexico and Lima, Peru reveals significant insights for anyone considering relocation or travel in 2025. Our comprehensive analysis shows that Mexico City is more affordable than Lima by approximately 6.7%. This comparison covers essential living expenses including housing, food, transportation, and utilities, providing you with a complete picture of what to expect financially in each city.
Key Cost Differences
Housing costs in Mexico City are higher than in Lima by 25%. A one-bedroom apartment in Mexico City's city center costs around MX$15,000, while the same in Lima is approximately PEN 2,000.
Dining out in Mexico City is notably more expensive compared to Lima. An inexpensive restaurant meal costs MX$100 in Mexico City versus PEN 15 in Lima.
Public transportation in Mexico City is more expensive, with monthly passes at MX$500 compared to PEN 100 in Lima.
Grocery shopping in Mexico City is more affordable by approximately 11%. Basic items like milk, bread, and eggs show lower prices across the board.
Monthly Budget Breakdown
When breaking down monthly expenses, a single person in Mexico City can expect to spend approximately MX$5,050 per month (excluding rent), while in Lima, the same lifestyle would cost around PEN 867. For families, these figures increase significantly, with a family of four requiring about MX$17,675 monthly in Mexico City versus PEN 3,035 in Lima. These estimates include groceries, dining out, transportation, utilities, and entertainment, providing a realistic picture of day-to-day living costs in each city.
Detailed Cost Comparison
🏠 Housing Costs (Monthly Rent)
🍽️ Food & Dining
🛒 Groceries
🚌 Transportation
💡 Utilities & Internet
Tips for Moving Between Cities
For those considering a move from Lima to Mexico City, the cost savings can be substantial, particularly in housing and daily expenses. However, it's important to factor in salary differences and job opportunities. Conversely, moving from Mexico City to Lima requires careful financial planning. Consider negotiating salary adjustments that reflect the higher cost of living, and research neighborhoods outside the city center for more affordable housing options while maintaining reasonable commute times.
Quality of Life Indices
Mexico City
Lima
Frequently Asked Questions
Is Mexico City more expensive than Lima?
No, Mexico City is approximately 6.7% cheaper than Lima. You'll find significant savings in housing, food, and transportation costs.
How much salary do I need in Mexico City compared to Lima?
To maintain the same standard of living, you would need approximately 94% of your Lima salary when living in Mexico City. For example, if you earn $50,000 in Lima, you'd need about $46,875 in Mexico City for a comparable lifestyle.
What are the biggest cost differences between Mexico City and Lima?
The most significant cost difference is in housing. Rent prices differ by approximately 25%, making it a major factor in your budget planning. Transportation and utilities show notable variations between the two cities.
Which city is better for expats and digital nomads?
Mexico City offers better purchasing power, making it more attractive for those earning in strong currencies. However, Mexico City provides lower living costs, which benefits budget-conscious travelers. Consider Mexico City if you prioritize earning potential, or Lima for affordability.
What's a reasonable monthly budget for Mexico City vs Lima?
In Mexico City, a single person needs approximately MX$13,050 per month (including rent), while a family of four requires about MX$35,675. In Lima, these figures are PEN 2,067 for singles and PEN 5,235 for families. These estimates include housing, food, transportation, and basic entertainment.
The cost of living comparison between Mexico City and Lima in 2025 shows moderate differences across various expense categories. Whether you're planning a relocation for work, considering retirement options, or simply curious about living costs, understanding these differences is crucial for making informed financial decisions.
Need to calculate salary equivalence?
Find out how much you need to earn in Lima to maintain your lifestyle from Mexico City
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