Between January and March 2024, the average income for women working in Lima, Peru amounted to around 1,658 Peruvian soles per month. In turn, the average monthly income for men stood at 2,249.4 Peruvian soles, about 591 soles more than women.

Average salaries in Lima, Peru According to the employment survey carried out by Peru's National Statistics Institute (INEI, for its acronym in Spanish), the average income of legal workers based in the Peruvian capital does not only vary by gender but also among different age groups and economic sectors. For instance, an employee aged 45 or more can earn around 66 percent more a worker who is up to 24 years old. In turn, service sector workers have higher monthly salaries than employees in manufacture or retail.

Employment in Peru More than half the working population in Peru is considered self-employed, one of the highest shares in Latin America. Even though Peru's unemployment rate has remained below four percent since 2009 (except for 2020 and 2021, due to the COVID-19 pandemic), the share of people out of employment in Lima was considerably higher than the national average.

From January to March 2024, workers aged between 25 and 44 years old in Lima, Peru earned an average of 2,112 Peruvian soles per month. Men in the Peruvian capital registered a higher monthly salary than their female counterparts.

Throughout the displayed period, the average income of the population in Peru has shown an upward trend, culminating in its highest value in 2019. By 2021, the average income stood at approximately 1,327 Peruvian soles.

Workers in the construction sector in Lima, Peru had the second highest monthly income in 2024. An employee in construction in the Peruvian capital earned an average of 2,139 Peruvian soles per month. Retail and trade, on the other hand, was the economic sector with the lowest monthly salary in Lima.

Throughout the displayed period, the average monthly income among the Peruvian population has consistently been significantly higher for males compared to females. This income disparity between genders has persisted across all the years, accompanied by an upward trend until 2020.

About this dataset

Context

The dataset presents the median household incomes over the past decade across various racial categories identified by the U.S. Census Bureau in Peru town. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. It also showcases the annual income trends, between 2011 and 2021, providing insights into the economic shifts within diverse racial communities.The dataset can be utilized to gain insights into income disparities and variations across racial categories, aiding in data analysis and decision-making..

Key observations

• White: In Peru town, the median household income for the households where the householder is White decreased by $10,296(11.59%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $88,856 in 2011 and $78,560 in 2021.
• Black or African American: Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
• Refer to the research insights for more key observations on American Indian and Alaska Native, Asian, Native Hawaiian and Other Pacific Islander, Some other race and Two or more races (multiracial) households

https://i.neilsberg.com/ch/peru-ma-median-household-income-by-race-trends.jpeg" alt="Peru, Massachusetts median household income trends across races (2011-2021, in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Racial categories include:

• White
• Black or African American
• American Indian and Alaska Native
• Asian
• Native Hawaiian and Other Pacific Islander
• Some other race
• Two or more races (multiracial)

Variables / Data Columns

• Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in Peru town.
• 2010: 2010 median household income
• 2011: 2011 median household income
• 2012: 2012 median household income
• 2013: 2013 median household income
• 2014: 2014 median household income
• 2015: 2015 median household income
• 2016: 2016 median household income
• 2017: 2017 median household income
• 2018: 2018 median household income
• 2019: 2019 median household income
• 2020: 2020 median household income
• 2021: 2021 median household income
• 2022: 2022 median household income
• Please note: 2020 1-Year ACS estimates data was not reported by Census Bureau due to impact on survey collection and analysis during COVID-19, thus for large cities (population 65,000 and above) median household income data is not available.
• Please note: All incomes have been adjusted for inflation and are presented in 2022-inflation-adjusted dollars.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Peru town median household income by race. You can refer the same here

In 2021, the department of Moquegua had the highest average monthly income among the Peruvian population, with individuals receiving approximately 1,764 Peruvian soles. It was followed by Metropolitan Lima and Madre de Dios in terms of income levels.

In 2023, the average income per capita in Peru was 1,148 Peruvian Soles. A small drop from the previous year. Since 2020, when the COVID-19 pandemic hit the South American country, 2022 was the year with the highest average income per capita.

In 2023, the average income per capita in Peru was 1,148 Peruvian Soles. That means, the average income is around 40 percent higher in the metropolitan areas of Lima and Callao than the average. This difference is even greater for people in Peru's rural areas.

In 2024, Peru scored 0.7 in estimated earned income. This represents that, on average, women in Peru earn 7. percent of the income earned by men. Overall, the South American country scored 0.76 in the gender gap index area of economic participation and opportunity. This means that women are 24 percent less likely to have equal economic participation and opportunities than men.

The national gross income per capita in Peru increased by 180 U.S. dollars (+2.64 percent) compared to the previous year. While the growth is slowing down, with 6,990 U.S. dollars, the national gross income is at its peak in the observed period. Gross national income (GNI) per capita is the total value of money received by a country, from both domestic or foreign sources, divided by the midyear population. The World Bank uses a conversion system known as the Atlas method, which implements a price adjusted, three year moving average, smoothing out fluctuations in exchange rates.Find more statistics on other topics about Peru with key insights such as value added to gross domestic product by the manufacturing sector, share of value added by the services industry to gross domestic product, and share of value added by the manufacturing industry to the gross domestic product.

During the displayed period, the Peruvian population receives the highest average monthly income within the services sector, with a value of 1453.8 Peruvian soles as of 2021. This economic activity area has also witnessed the highest increase in income compared to other sectors.

Costa Rica is the country with the highest minimum monthly wage in Latin America. According to the minimum salary established by law as of January 2024, workers in the Central American country enjoy a basic monthly wage of over 687 U.S. dollars, an increase of 1.83 percent compared to the previous year and over 100 U.S. dollars more than the second place, Uruguay. On the other side of the spectrum is Venezuela, where employees are only guaranteed by law a minimum salary of 130 bolívares or little more than three dollars per month. Can Latin Americans survive on a minimum wage? Even if most countries in Latin America have instated laws to guarantee citizens a basic income, these minimum standards are often not enough to meet household needs. For instance, it was estimated that almost 25 million people in Mexico lacked basic housing services. Salary levels also vary greatly among Latin American economies. In 2020, the average net monthly salary in Mexico was barely higher than Chile's minimum wage in 2021. What can a minimum wage afford in Latin America? Latin American real wages have generally risen in the past decade. However, consumers in this region still struggle to afford non-basic goods, such as tech products. Recent estimates reveal that, in order to buy an iPhone, Brazilian residents would have to work at least two months to be able to pay for it. A gaming console, on the other hand, could easily cost a Latin American worker several minimum wages.

Venezuelan women who migrated to Peru earned, on average, less than men in the same situation. According to a survey carried out in the Peruvian cities of Lima, Arequipa and Piura in January of 2019, 58 percent of Venezuelan women had a monthly income lower than 931 Peruvian soles. Most of Venezuelan men who were working in these Peruvian municipalities earned between 931 and 1,500 soles.

In 2023, pay TV average revenue per user (ARPU) in Peru amounted to 78.72 Peruvian soles, up from 78.1 soles in the previous year. Meanwhile, overall pay TV revenue in Peru decreased by almost 7.5 percent in the same period.

In Peru, the average monthly net salary allowed for the purchase of 367 liters of gasoline in 2024. This figure was lower than earlier that decade.

More than 2.12 million formally registered micro, small and medium-sized enterprises (MSMEs) in Peru reported an annual income of up to 150 taxation units in 2022.

In 2024, Barbados was the country with the highest gender pay gap index in Latin America and the Caribbean, with a score of 0.87. Guatemala, on the other hand, had the worst score in the region, at 0.45 points. This shows that, on average, women's income in Guatemala represents only 45 percent of the income received by men. Is the gender pay gap likely to be bridged? In a 2021 survey, 55 percent of respondents in Peru thought it was likely that women will be paid as much as men for the same work. This was one of the most optimistic perspectives when compared to the other Latin American nations surveyed. For instance, in Brazil, only one third of the adults interviewed said that this would be possible in the near future. Based on people's views on salary equality, Mexico was found to be one of the Latin American countries with the best wage equality perception index, which shows that the population's perceptions do not always match reality. In Mexico, the gender pay gap based on estimated income stood at 0.52. The software pay gap in Mexico The digital era does not necessarily favor income equality between genders. Recent data shows that men working in the Mexican software industry receive significantly higher monthly salaries than women or non-binary persons. Wage differences based on gender were specially noticeable in the field of software architecture, where a woman's salary represented, on average, only 60 percent of what a man would earn for performing the same tasks in a comparable position.

In 2020, a basic pay TV subscription in Peru cost 24 U.S. dollars, on average. In 2019, pay TV was present in 21.74 percent of Peruvian households, generating a revenue of 1.85 billion Peruvian soles.

Guyana was the South American country 20360the highest gross national income per capita, with 20,360 U.S. dollars per person in 2023. Uruguay ranked second, registering a GNI of 19,530 U.S. dollars per person, based on current prices. Gross national income (GNI) is the aggregated sum of the value added by residents in an economy, plus net taxes (minus subsidies) and net receipts of primary income from abroad. Which are the largest Latin American economies? Based on annual gross domestic product, which is the total amount of goods and services produced in a country per year, Brazil leads the regional ranking, followed by Mexico, Argentina, and Chile. Many Caribbean countries and territories hold the highest GDP per capita in this region, measurement that reflects how GDP would be divided if it was perfectly equally distributed among the population. GNI per capita is, however, a more exact calculation of wealth than GDP per capita, as it takes into consideration taxes paid and income receipts from abroad. How much inequality is there in Latin America? In many Latin American countries, more than half the total wealth created in their economies is held by the richest 20 percent of the population. When a small share of the population concentrates most of the wealth, millions of people don't have enough to make ends meet. For instance, in Brazil, about 5.32 percent of the population lives on less than 3.2 U.S. dollars per day.