Key Facts: Peru Wages
- Country
- Peru (PER)
- Continent
- South America
- Currency
- Peruvian Sol (PEN)
- Minimum Wage
- S/5.89 /hr ($1.60 USD)
- Average Gross Monthly Salary
- S/2,200 /month
- Average Gross Annual Salary
- S/30,800 /year
- Median Individual Income
- S/15,600 /year
- Standard Work Week
- 48 hours
- Data Source
- Ministerio de Trabajo y Promoción del Empleo (MTPE); DS 006-2024-TR (1,130 PEN eff 2025-01-01); DS 003-2022-TR (1,025 PEN eff 2022-05-01)
- Last Updated
- 2026-05-27
Peru — Average Salary & Wages
Peruvian Sol (PEN) Data verified Jan 2025 Sources
The average salary in Peru is
S/30,800 a year
But half of all workers earn less than S/15,600 .
The average is lifted by bonuses and high earners. Most workers earn less than that.
The minimum wage in Peru is S/5.89/hr ($1.60 USD) as of 2026. The average gross monthly salary is S/2,200 ($597.83 USD). The median monthly income is S/1,300 ($353.26 USD).
Based on national household survey (ENAHO). Significant urban-rural divide: Lima incomes are roughly 2x the national median.
Average monthly income from main occupation for employed population in Lima Metropolitana. National average is lower. Includes formal and informal workers. Annual figure includes gratificaciones for formal workers.
Minimum Wage Trend
Since 2015, the minimum wage has grown +51% in nominal terms.
• PPP ADJUSTED
In Peru, the minimum wage has the purchasing power of $3.31/hr in the United States, adjusted for local cost of living using the World Bank PPP conversion factor.
In Context
At minimum wage, a full-time worker in Peru earns S/1,130/mo. That is 51% of the average gross salary.
- Monthly (full-time)
- S/1,130 at min. wage
- Share of avg. salary
- 51% gross, before tax
- USD equivalent
- $307.07/mo monthly
- Nominal growth
- +51% since 2015
Wage Breakdown
- Hourly
- S/5.89
- Monthly
- S/1,130
- Annual
- S/15,82014 monthly payments (includes 2 gratificaciones: July and December)
Remuneración Mínima Vital (RMV) of PEN 1,130/month effective 1 January 2025 per DS 006-2024-TR. Prior rate was PEN 1,025 from May 2022 (DS 003-2022-TR) through 31 December 2024. Peru mandates two annual bonus payments ('gratificaciones') equivalent to one month's salary each, paid in July (Fiestas Patrias) and December (Christmas). Formal workers also receive CTS (severance fund deposits). The annual figure reflects 14 monthly payments.
Work Week
- Standard
- 48 hrs/wk
- Maximum
- 48 hrs/wk
- Overtime
- 1.25x pay
Constitution sets maximum at 48 hours/week, 8 hours/day (or 6 days at 8 hrs). Office workers commonly work 40-45 hrs. Overtime: first 2 hours at 125%, subsequent hours at 135%. Night shift (10pm-6am) receives a 35% surcharge.
How Peru Compares
| Metric | Peru | South America Avg. | South America Highest |
|---|---|---|---|
| Min. wage (USD equiv.) | $1.60/hr | $2.72/hr | $13.01/hr (Falkland Islands) |
| Avg. salary (USD equiv.) | $597.83/mo | $656.42/mo | $1,405.33/mo (Trinidad and Tobago) |
Countries with Similar Minimum Wages
| Country | Min. Wage /hr (USD) |
|---|---|
| Russia | $1.61 |
| Argentina | $1.64 |
| Gabon | $1.55 |
| Guyana | $1.66 |
| Saint Lucia | $1.69 |
| Peru | $1.60 |
Related Wage Comparisons
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Cost of Living
Wages tell half the story. See purchasing power, prices, and quality-of-life context for Peru on our sister site.
Cost of living in Peru on costofliving.is →Frequently Asked Questions
What is the minimum wage in Peru?
The minimum wage in Peru is S/5.89/hr (approximately $1.60 USD), effective since 2025-01-01. Remuneración Mínima Vital (RMV) of PEN 1,130/month effective 1 January 2025 per DS 006-2024-TR. Prior rate was PEN 1,025 from May 2022 (DS 003-2022-TR) through 31 December 2024. Peru mandates two annual bonus payments ('gratificaciones') equivalent to one month's salary each, paid in July (Fiestas Patrias) and December (Christmas). Formal workers also receive CTS (severance fund deposits). The annual figure reflects 14 monthly payments.
What is the average salary in Peru?
The average gross monthly salary in Peru is S/2,200 (approximately $597.83 USD). Average monthly income from main occupation for employed population in Lima Metropolitana. National average is lower. Includes formal and informal workers. Annual figure includes gratificaciones for formal workers. Source: Instituto Nacional de Estadística e Informática (INEI) (2024).
How many hours is the standard work week in Peru?
The standard work week in Peru is 48 hours, with a legal maximum of 48 hours. Overtime is paid at 1.25x the normal rate. Constitution sets maximum at 48 hours/week, 8 hours/day (or 6 days at 8 hrs). Office workers commonly work 40-45 hrs. Overtime: first 2 hours at 125%, subsequent hours at 135%. Night shift (10pm-6am) receives a 35% surcharge.
How has the minimum wage in Peru changed over time?
The minimum wage in Peru has changed as follows: S/750 in 2015, S/850 in 2016, S/930 in 2018, S/1,025 in 2022, S/1,130 in 2025. This represents 5 recorded adjustments.
What is the minimum wage in Peru in USD?
The minimum wage in Peru converts to approximately $1.60/hr in US dollars, based on current exchange rates. Actual purchasing power may differ due to local cost of living.
What is the average salary in Peru in USD?
The average gross monthly salary in Peru is approximately $597.83 per month in US dollars, based on current exchange rates. Actual purchasing power may differ due to local cost of living.
How does Peru's minimum wage compare to the South America average?
Peru's minimum wage ranks #11 out of 13 countries with statutory minimum wages in South America, placing it below the median for South America.
From Insights
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