Can I Afford to Live in Lima vs Las Cruces on $150K?

Here's how a $150K/year salary plays out in both cities after taxes, rent, and core living expenses — based on Q1 2026 data.

Lima, PE
$8,944/mo take-home
Rent: $500/mo (6% of take-home)
Very comfortable
Las Cruces, NM
$8,331/mo take-home
Rent: $1,000/mo (12% of take-home)
Very comfortable
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Monthly budget breakdown

Lima
PE
Las Cruces
NM
Monthly take-home (est.)
$8,944Best ✓
$8,331
1BR rent
$500Best ✓
$1,000
Groceries (est.)
$380
$350Best ✓
Transport (est.)
$150
$38Best ✓
Utilities
$55Best ✓
$152
Internet
$25Best ✓
$60
Left after essentials
$7,834/month
$6,731/month
Lima (Lima Province) has no state income tax, boosting take-home vs Las Cruces (NM rate: 4.9%).

Frequently asked questions

Is $150K a good salary in Lima?

At $150K/year in Lima, your estimated monthly take-home is $8,944. With 1BR rent around $500/month, rent takes up 6% of your take-home. That's considered very comfortable.

Is $150K a good salary in Las Cruces?

At $150K/year in Las Cruces, your estimated monthly take-home is $8,331. With 1BR rent around $1,000/month, rent takes up 12% of your take-home. That's considered very comfortable.

Which city is more affordable on a $150K salary?

Lima leaves you with more money after core expenses — $7,834/month vs $6,731/month in Las Cruces.

Can I afford to live alone in Lima on $150K?

Yes. At $150K in Lima, rent takes 6% of your take-home, leaving $7,834/month after essentials. Most financial planners recommend keeping rent below 30%.

Compare other salary bands — Lima vs Las Cruces

$40K$50K$60K$75K$80K$100K$120K

See the full cost-of-living comparison

Rent, groceries, taxes, transportation, and more — side by side.

Full comparison

Take-home estimates use simplified federal/state brackets and do not account for pre-tax deductions, 401(k), or local taxes. Data: Zillow, BLS, Numbeo · Q1 2026 · For general guidance only