Peru’s skilled workforce and cost-effective labor make it an ideal outsourcing destination. Employers considering hiring in the region may wonder, “What is the average salary in Peru?” This information will help them prepare competitive job offers.

The average salary in Peru is 2,484 Peruvian Soles (PEN), about USD 650. However, wages vary by experience, education, position, industry, and location. Comparing salaries in the nation to earnings worldwide provides additional insight.

This guide reviews those factors and provides the information you need to know.

What is the Average Salary in Peru?

The average salary in Peru is 2,484 PEN, about $700. Wages are low in the country due to its large informal economy and considerable concentration of employment in low-paying industries. 

Median Income

Peru’s median monthly salary is 2,307 PEN, about $650. Half the country earns lower wages, the other half makes more. 

Salary Range

The salary range in Peru spans from the lowest to the highest. Low earners make about 1,009 PEN, about $284, while high earners make closer to 9,000 PEN, about $2535. 

Salary Comparisons in Peru

Average salary provides insight, but you must consider how wages vary by location, education, experience, position, and industry. The following sections will explore how these factors impact earnings. 

Salary by Position

The following salary comparison chart reveals how wages vary by position. 

Position
Average Monthly Salary (PEN)
Chief Executive Officer
6,043
IT Director
5,481
Call Center Director
5,288
Financial Manager
4,921
IT Architect
4,517
Lead Developer
4,380
Technical Director
3,986
IT Manager
3,948
Marketing Director
3,874
IC Design Engineer
3,826
Banking Cashier
1,083
Fabric Cutter
1,081
Clothing Technologist
1,076
General Laborer
1,070
Packer
1,054
Seamstress
1,006
Porter
972
Medical Records Clerk
970
Tailor
962

Average Wage in Peru Based on Education

Education directly affects salaries in Peru. One study reveals that it helps to close the gender gap, showing that educated women are likely to increase their wages by 2.35%. 

Unfortunately, however, education does not always have positive outcomes. For example, another study revealed that workers aged 18-29 with secondary degrees struggle to find employment. Those who do find work often encounter poor working conditions. 

The government is aware of difficult working conditions in the country and aims to improve the situation by making education more accessible.

Salary Comparison by Experience

Experience also impacts salaries as workers with more experience earn more than entry-level employees. This situation especially rings true in skilled sectors that offer more upward mobility. 

Salary Comparison by Location

Workers in Lima, Peru’s capital city, tend to earn more than rural workers due to higher living costs and proximity to large companies offering higher-paying job opportunities. 

How Much is Minimum Wage in Peru?

The minimum wage in Peru is 1,130 PEN per month, about $318. The current wage went into effect on Jan. 1, 2025, and applies to all industries and sectors. The previous minimum wage was 1,025 PEN. 

Average Salary in Peru vs. the Rest of the World

The following charts provide additional insight by comparing salaries in Peru to those in developed, developing, and least developed countries. 

Peru vs. Developed Countries

Country
Average Salary
Comparison to Average Peru Salary
Japan
379,434 Yen (approx. $2,635)
– 271%
United Kingdom
3,000 Euros (approx. $3,116)
– 342%
Norway
50,790 Kroner (approx. $4,700)
– 571%
Germany
4,300 Euros (approx. $4,467)
– 552%
Austria
3,500 Euros (approx. $3,636)
– 414%

Peru vs. Developing Countries

Country
Average Salary
Comparison to Average Peru Salary
Romania
4,000 RON (approx. $835)
– 20%
Russia
73,709 Rubles (approx. $700)
0%
Albania
1,500 Euros (approx. $1,550)
– 121%
Kazakhstan
342,082 Tenge (approx. $645)
8%
Ukraine
18,000 Hryvnia (approx. $500)
40%

Peru vs. Undeveloped Countries

Country
Average Salary
Comparison to Average Peru Salary
Afghanistan
30,000 Afghanis (approx. $419)
66%
Philippines
18,423 PHP (approx. $875)
– 25%
Cambodia
1,000,027 Riel (approx. $250)
180%
Egypt
13,244 EGP (approx. $263)
169%
Pakistan
45,000 PKR (approx. $150)
366%

Peru is a developing country with an upper-middle income economy. Although it has experienced significant economic growth over the past few years, it still faces challenges such as income inequality, political instability, and a lack of environmental sustainability. A large informal sector and a heavy reliance on natural resources like mining and agriculture characterize the work economy. 

Although Peru faces internal challenges, it has the potential to grow through outsourcing opportunities. It offers a skilled workforce and cost-effective labor. The government supports foreign investments through various initiatives. 

What are the Most Common Outsourced Industries in Peru?

Employers seeking remote partnerships in Peru will benefit most when focusing on the following industries. 

IT Services

Peru’s IT industry has boomed in the past few years, with a focus on AI, cybersecurity, blockchain, and cloud computing. Lima is a tech hub offering a robust startup ecosystem. The government actively supports the industry with initiatives like Startup Peru, which has funded over 3,400 entrepreneurial projects. 

An IT manager in Peru earns about 3,948 PEN, roughly $1,112 per month, compared to American salaries, which are closer to $8300 monthly. This leads to significant cost savings for employers who outsource.

BPO

The country’s BPO industry shows great potential, offering nearshoring advantages and lower prices than its competitors. It also stands out for its business-friendly environment, which attracts investors through tax advantages. Key sectors include IT and call centers.

BPO is a diverse industry, making cost comparisons difficult. However, employers who partner with the region for BPO services can considerably reduce expenses.

Mining

Peru is a global leader in lead, copper, gold, and zinc production. Its mineral resources account for about 50% of the country’s exports. It is rich in gold mines and reserves. 

Several countries partner with Peru for mining exports and related services. 

Conclusion

Peru’s low average salary and skilled workforce make it a promising outsourcing destination. Employers who invest in the region’s labor can benefit from cost savings and exceptional products and services while helping the country reach its development goals, leading to positive outcomes for all involved parties.