Peru's minimum wage, the remuneración mínima vital (RMV), has been S/ 1,230 a month since October 1, 2026. It rose by S/ 100 from the S/ 1,130 in force since January 2025, under Supreme Decree 015-2026-TR published in an extraordinary edition of El Peruano, Bloomberg Línea reported. The same decree announces a second S/ 70 step during the first half of 2027, which will take the minimum wage to S/ 1,300.
How much is the minimum wage in Peru
| Item | Amount |
|---|---|
| Minimum wage from October 1, 2026 | S/ 1,230 a month |
| Previous minimum wage (January 2025 to September 2026) | S/ 1,130 |
| October 2026 increase | S/ 100 (8.8%) |
| Second step announced | S/ 70, in the first half of 2027 |
| Expected minimum after the second step | S/ 1,300 |
| Dollar equivalent | About US$ 358 (exchange rate of October 15, 2026) |
The total increase approved is S/ 170 in two stages, according to a summary by law firm Cuatrecasas. The decree for the second step has yet to be published.
Who the minimum wage applies to
- Private-sector workers on a full working day (8 hours a day or 48 a week).
- People who work fewer hours receive a proportional amount.
- Some special regimes have their own pay rules.
- The public sector follows its own pay scales.
Other payments that rise with the minimum wage
Several labor benefits are calculated on the minimum wage, so they also go up from October:
| Benefit | How it is calculated | Amount with a S/ 1,230 minimum |
|---|---|---|
| Family allowance | 10% of the minimum wage | S/ 123 |
| Previous family allowance | 10% of S/ 1,130 | S/ 113 |
| Night work (minimum) | Minimum wage plus 35% | S/ 1,660.50 |
| Bonuses and severance fund for minimum-wage earners | Calculated on salary | Rise in the same proportion |
How Peru's minimum wage has risen
Each increase is set by supreme decree. These are the amounts in recent years, according to the decrees compiled by Gestión:
| From | Minimum wage | Rule |
|---|---|---|
| June 2012 | S/ 750 | Supreme Decree 007-2012-TR |
| May 2016 | S/ 850 | Supreme Decree 005-2016-TR |
| April 2018 | S/ 930 | Supreme Decree 004-2018-TR |
| May 2022 | S/ 1,025 | Supreme Decree 003-2022-TR |
| January 2025 | S/ 1,130 | Supreme Decree 006-2024-TR |
| October 2026 | S/ 1,230 | Supreme Decree 015-2026-TR |
| First half of 2027 (announced) | S/ 1,300 | Decree pending |
Since 2012, Peru's minimum wage has risen 64% in soles. Up to four years have passed between increases: the amount was frozen between 2018 and 2022.
Peru compared with the region
Even after the increase, Peru's minimum wage remains in the lower part of the region. In dollars, it is below Chile, Mexico and Uruguay, and above Argentina. We compare them in the Latin American minimum wage ranking.
| Country | Monthly minimum wage (October 2026) | Approx. in dollars |
|---|---|---|
| Chile | 553,553 Chilean pesos | US$ 564 |
| Mexico | 9,582 Mexican pesos (general zone) | US$ 519 |
| Peru | S/ 1,230 | US$ 358 |
| Argentina | 391,200 Argentine pesos | US$ 258 |
To see how a Peruvian lawmaker's pay compares with this floor, read how much members of Congress earn in Peru.
Frequently asked questions
What is the minimum wage in Peru in 2026?
S/ 1,230 a month since October 1, 2026. It was previously S/ 1,130.
When will it reach S/ 1,300?
The government announced a second S/ 70 step during the first half of 2027, to be set by another supreme decree.
How much is the family allowance with the new minimum wage?
S/ 123, because it equals 10% of the minimum wage.
Who does the minimum wage apply to?
Private-sector workers on a full working day.
