Last update: Oct 2026

Cost of Living Comparison Between Cold Lake and Lima

For one person, living is cheaper in Lima: $1,012 a month against $1,912 in Cold Lake, rent and utilities included – about $10,800 less a year. Rent and utilities account for most of the difference.

93

Cost of Living Index in Cold Lake
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Cold Lake Living Index
49

Cost of Living Index in Lima
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Lima Living Index

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Cold Lake

🇨🇦 Canada

$1,912

/mo nomad

Lima

🇵🇪 Peru

$1,012

/mo nomad

Monthly Cost of Living

How much you'll spend in Cold Lake and in Lima

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Cold Lake and in Lima actually costs, broken down by who's living it.

A single person spends $1,912 per month in Cold Lake vs $1,012 in Lima, rent included.

Cold Lake $1,912
Lima $1,012

A couple spends around $2,791 per month in Cold Lake vs $1,589 in Lima, rent included.

Cold Lake $2,791
Lima $1,589

A family of three spends $3,670 per month in Cold Lake vs $2,167 in Lima, rent included.

Cold Lake $3,670
Lima $2,167

Cold Lake costs about 89% more than Lima, and outside of rent the biggest gap is in eating out.

Cold Lake sits 42% above the global median, while Lima is 25% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$19.96 CA$28.21

$4.40 PEN 15.10

353.64%

Three-Course Dinner for Two, Mid-Range

$57.5 CA$81.2

$35.17 PEN 121

63.38%

Fast Food Meal (McDonalds, etc)

$9.67 CA$13.68

$6.89 PEN 23.65

40.35%

Cappuccino

$3.82 CA$5.40

$3.26 PEN 11.20

17.18%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.26 CA$3.19

$1.12 PEN 3.84

101.79%

Water (0.33 liter bottle)

$1.42 CA$2.01

$0.62 PEN 2.11

129.03%

Local Beer (0.5 liter draught)

$5.57 CA$7.87

$2.65 PEN 9.09

110.19%

Imported Beer (0.33 liter bottle)

$6.14 CA$8.68

$4.41 PEN 15.15

39.23%

Milk (1 liter)

$1.16 CA$1.64

$1.63 PEN 5.61

-28.83%

White Bread (500g)

$2.18 CA$3.09

$2.56 PEN 8.78

-14.84%

Rice (white) (1kg)

$2.87 CA$4.06

$1.35 PEN 4.65

112.59%

Eggs

$3.07 CA$4.35

$2.90 PEN 9.96

5.86%

Local Cheese (1kg)

$10.61 CA$14.99

$8.85 PEN 30.38

19.89%

Chicken Fillets (1kg)

$11.16 CA$15.77

$5.98 PEN 20.52

86.62%

Beef Round Steak (1kg)

$18.77 CA$26.53

$9.78 PEN 33.59

91.92%

Apples (1kg)

$3.50 CA$4.94

$2.05 PEN 7.02

70.73%

Banana (1kg)

$1.16 CA$1.64

$1.06 PEN 3.66

9.43%

Oranges (1kg)

$2.81 CA$3.97

$1.35 PEN 4.64

108.15%

Tomato (1kg)

$2.48 CA$3.50

$1.50 PEN 5.15

65.33%

Potato (1kg)

$2.15 CA$3.04

$0.88 PEN 3.03

144.32%

Onion (1kg)

$1.06 CA$1.50

$0.92 PEN 3.15

15.22%

Lettuce (1 head)

$2.33 CA$3.30

$0.89 PEN 3.07

161.80%

Water (1.5 liter bottle)

$1.75 CA$2.48

$0.90 PEN 3.10

94.44%

Cigarettes 20 Pack (Marlboro, Camel)

$11.94 CA$16.88

$5.90 PEN 20.27

102.37%

Wine (Bottle)

$11.41 CA$16.14

$8.52 PEN 29.26

33.92%

Local Beer (0.5 liter bottle)

$3.57 CA$5.05

$1.88 PEN 6.45

89.89%

Imported Beer (0.33 liter bottle)

$2.85 CA$4.03

$3.22 PEN 11.05

-11.49%

One-way Ticket (Public Transport)

$0.68 PEN 2.33

Public Transport Monthly Pass (Regular Price)

$26.86 PEN 92.2

Taxi Start (Normal Tariff)

$2.92 CA$4.13

$3.81 PEN 13.09

-23.36%

Taxi (Normal Tariff) (1km)

$1.38 CA$1.95

$2.02 PEN 6.93

-31.68%

Taxi 1hour Waiting (Normal Tariff)

$20.67 CA$29.22

$7.11 PEN 24.41

190.72%

Gasoline (1 liter)

$1.03 CA$1.45

$1.72 PEN 5.91

-40.12%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$28.3K CA$40.0K

$22.3K PEN 76.6K

26.67%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$19.4K CA$27.4K

$25.5K PEN 87.6K

-24.00%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$225 CA$318

$73.1 PEN 251

207.94%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$43.04 CA$60.8

$16.35 PEN 56.2

163.24%

Internet (50+ Mbps, Unlimited Data)

$54.3 CA$76.7

$27.47 PEN 94.3

97.49%

Gym Membership (Monthly)

$31.90 PEN 110

Tennis Court (1 Hour on Weekend)

$19.41 PEN 66.7

Cinema Ticket

$12.61 CA$17.82

$7.05 PEN 24.23

78.87%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$761 CA$1,075

$182 PEN 627

316.88%

International Primary School, 1 Child (Yearly)

$9,434 CA$13.3K

$13.0K PEN 44.8K

-27.65%

Jeans (Levis 501 Or Similar)

$28.35 CA$40.08

$53.8 PEN 185

-47.30%

Summer Dress (H&M, Zara, etc)

$35.05 CA$49.55

$34.32 PEN 118

2.13%

Sport Shoes (Adidas, Nike)

$51.5 CA$72.8

$82.8 PEN 284

-37.84%

Men's Leather Business Shoes

$85.9 CA$121

$78.2 PEN 269

9.75%

1-bedroom Apartment, City Center (Monthly)

$860 CA$1,216

$721 PEN 2,476

19.28%

1-bedroom Apartment, Outside City Center (Monthly)

$840 CA$1,188

$343 PEN 1,179

144.73%

3-bedroom Apartment, City Center (Monthly)

$1,544 CA$2,183

$1,219 PEN 4,186

26.68%

3-bedroom Apartment, Outside City Center (Monthly)

$1,397 CA$1,975

$651 PEN 2,235

114.72%

Buy Apartment in City Center (m2)

$2,414 PEN 8,292

Buy Apartment Outside City Center (m2)

$1,357 PEN 4,660

Average Monthly Net Salary (After Tax)

$3,084 CA$4,359

$648 PEN 2,226

375.84%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.32

8.94

-51.68%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Cold Lake: October 12, 2026

Last update for Lima: October 11, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Cold Lake

$840 44%

Lima

$343 33.9% 59.1% $497

Groceries & Markets

Cold Lake

$335 17.5%

Lima

$226 22.3% 32.5% $109

Monthly Utilities & Internet

Cold Lake

$322 16.9%

Lima

$117 11.6% 63.7% $205

Eating Out

Cold Lake

$289 15.1%

Lima

$124 12.3% 57.2% $165

Clothing & Footwear

Cold Lake

$90 4.7%

Lima

$112 11.1% 24.1% $22

Sport & Entertainment

Cold Lake

$25 * 1.3%

Lima

$46 4.6% 82.5% $21

Getting Around

Cold Lake

$9.8 * 0.5%

Lima

$43 4.3% 342% $34

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $860 in Cold Lake versus $721 in Lima. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 376% higher in Cold Lake, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $57.0 in Cold Lake versus $35.00 in Lima. Monthly groceries follow the same trend: $335 vs $226 – making Lima the more affordable choice for daily food spending.

Good to know

🇨🇦 Cold Lake

🇵🇪 Lima

🕒 Local time

12:52 12:52 PM

13:52 1:52 PM

1 h ahead of Cold Lake

🌤 Weather

👥 Population

11,595

9,989,369 Capital

💱 Currency

Canadian Dollar CAD $

Peruvian Sol PEN S/

📈 Exchange rate

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

1 PEN = 0.291 USD

1 PEN = 0.259 EUR

Exchange rates and currency converter

PEN, USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of October 17, 2026: 1 USD = 1.41 CAD (1 CAD = 0.707 USD). 1 EUR = 1.59 CAD (1 CAD = 0.629 EUR).

Peruvian Sol exchange rates as of October 17, 2026: 1 USD = 3.43 PEN (1 PEN = 0.291 USD). 1 EUR = 3.86 PEN (1 PEN = 0.259 EUR).

USD to CAD in detail →

On the map

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Between locations

Cold Lake Lima 8,030 km ≈ 11 h nonstop flight

From you

Cold Lake
Lima

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Cold Lake vs Lima: Cost of Living - Frequently Asked Questions

Yes – Cold Lake is pricier by about 89%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $2,868 per month in Cold Lake and $1,518 in Lima. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Lima, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $1,912 in Cold Lake and $1,012 in Lima. That's a gap of about 89%.

Kindergarten costs $761 per month in Cold Lake and $182 in Lima. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,000 monthly budget goes further in Lima, where all-in costs run around $1,012, than in Cold Lake at $1,912. In Lima it covers expenses comfortably, while in Cold Lake it requires careful planning or may not stretch far enough.

Families tend to lean toward Lima – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

If budget matters most, go with Lima. If higher salaries, better infrastructure, or specific career opportunities are the priority, Cold Lake makes more sense. Both are solid long-term options with distinct trade-offs.