Last update: Oct 2026

Cost of Living Comparison Between Lima and Cold Lake

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.

49

Cost of Living Index in Lima
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Lima Living Index
93

Cost of Living Index in Cold Lake
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Cold Lake Living Index

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Lima

🇵🇪 Peru

$1,012

/mo nomad

Cold Lake

🇨🇦 Canada

$1,912

/mo nomad

Monthly Cost of Living

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

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

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

Lima $1,012
Cold Lake $1,912

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

Lima $1,589
Cold Lake $2,791

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

Lima $2,167
Cold Lake $3,670

Lima is about 47% cheaper than Cold Lake, and outside of rent the biggest gap is in eating out.

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

Meal at Budget Restaurant

$4.40 PEN 15.10

$19.96 CA$28.21

-77.96%

Three-Course Dinner for Two, Mid-Range

$35.17 PEN 121

$57.5 CA$81.2

-38.79%

Fast Food Meal (McDonalds, etc)

$6.89 PEN 23.65

$9.67 CA$13.68

-28.75%

Cappuccino

$3.26 PEN 11.20

$3.82 CA$5.40

-14.66%

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

$1.12 PEN 3.84

$2.26 CA$3.19

-50.44%

Water (0.33 liter bottle)

$0.62 PEN 2.11

$1.42 CA$2.01

-56.34%

Local Beer (0.5 liter draught)

$2.65 PEN 9.09

$5.57 CA$7.87

-52.42%

Imported Beer (0.33 liter bottle)

$4.41 PEN 15.15

$6.14 CA$8.68

-28.18%

Milk (1 liter)

$1.63 PEN 5.61

$1.16 CA$1.64

40.52%

White Bread (500g)

$2.56 PEN 8.78

$2.18 CA$3.09

17.43%

Rice (white) (1kg)

$1.35 PEN 4.65

$2.87 CA$4.06

-52.96%

Eggs

$2.90 PEN 9.96

$3.07 CA$4.35

-5.54%

Local Cheese (1kg)

$8.85 PEN 30.38

$10.61 CA$14.99

-16.59%

Chicken Fillets (1kg)

$5.98 PEN 20.52

$11.16 CA$15.77

-46.42%

Beef Round Steak (1kg)

$9.78 PEN 33.59

$18.77 CA$26.53

-47.90%

Apples (1kg)

$2.05 PEN 7.02

$3.50 CA$4.94

-41.43%

Banana (1kg)

$1.06 PEN 3.66

$1.16 CA$1.64

-8.62%

Oranges (1kg)

$1.35 PEN 4.64

$2.81 CA$3.97

-51.96%

Tomato (1kg)

$1.50 PEN 5.15

$2.48 CA$3.50

-39.52%

Potato (1kg)

$0.88 PEN 3.03

$2.15 CA$3.04

-59.07%

Onion (1kg)

$0.92 PEN 3.15

$1.06 CA$1.50

-13.21%

Lettuce (1 head)

$0.89 PEN 3.07

$2.33 CA$3.30

-61.80%

Water (1.5 liter bottle)

$0.90 PEN 3.10

$1.75 CA$2.48

-48.57%

Cigarettes 20 Pack (Marlboro, Camel)

$5.90 PEN 20.27

$11.94 CA$16.88

-50.59%

Wine (Bottle)

$8.52 PEN 29.26

$11.41 CA$16.14

-25.33%

Local Beer (0.5 liter bottle)

$1.88 PEN 6.45

$3.57 CA$5.05

-47.34%

Imported Beer (0.33 liter bottle)

$3.22 PEN 11.05

$2.85 CA$4.03

12.98%

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)

$3.81 PEN 13.09

$2.92 CA$4.13

30.48%

Taxi (Normal Tariff) (1km)

$2.02 PEN 6.93

$1.38 CA$1.95

46.38%

Taxi 1hour Waiting (Normal Tariff)

$7.11 PEN 24.41

$20.67 CA$29.22

-65.60%

Gasoline (1 liter)

$1.72 PEN 5.91

$1.03 CA$1.45

66.99%

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

$22.3K PEN 76.6K

$28.3K CA$40.0K

-21.06%

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

$25.5K PEN 87.6K

$19.4K CA$27.4K

31.57%

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

$73.1 PEN 251

$225 CA$318

-67.53%

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

$16.35 PEN 56.2

$43.04 CA$60.8

-62.01%

Internet (50+ Mbps, Unlimited Data)

$27.47 PEN 94.3

$54.3 CA$76.7

-49.36%

Gym Membership (Monthly)

$31.90 PEN 110

Tennis Court (1 Hour on Weekend)

$19.41 PEN 66.7

Cinema Ticket

$7.05 PEN 24.23

$12.61 CA$17.82

-44.09%

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

$182 PEN 627

$761 CA$1,075

-76.01%

International Primary School, 1 Child (Yearly)

$13.0K PEN 44.8K

$9,434 CA$13.3K

38.22%

Jeans (Levis 501 Or Similar)

$53.8 PEN 185

$28.35 CA$40.08

89.74%

Summer Dress (H&M, Zara, etc)

$34.32 PEN 118

$35.05 CA$49.55

-2.08%

Sport Shoes (Adidas, Nike)

$82.8 PEN 284

$51.5 CA$72.8

60.88%

Men's Leather Business Shoes

$78.2 PEN 269

$85.9 CA$121

-8.89%

1-bedroom Apartment, City Center (Monthly)

$721 PEN 2,476

$860 CA$1,216

-16.17%

1-bedroom Apartment, Outside City Center (Monthly)

$343 PEN 1,179

$840 CA$1,188

-59.14%

3-bedroom Apartment, City Center (Monthly)

$1,219 PEN 4,186

$1,544 CA$2,183

-21.06%

3-bedroom Apartment, Outside City Center (Monthly)

$651 PEN 2,235

$1,397 CA$1,975

-53.43%

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)

$648 PEN 2,226

$3,084 CA$4,359

-78.98%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.94

4.32

106.94%

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

Last update for Lima: October 11, 2026

Last update for Cold Lake: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Lima

$343 33.9%

Cold Lake

$840 44% 145% $497

Groceries & Markets

Lima

$226 22.3%

Cold Lake

$335 17.5% 48% $109

Eating Out

Lima

$124 12.3%

Cold Lake

$289 15.1% 133% $165

Monthly Utilities & Internet

Lima

$117 11.6%

Cold Lake

$322 16.9% 176% $205

Clothing & Footwear

Lima

$112 11.1%

Cold Lake

$90 4.7% 19.4% $22

Sport & Entertainment

Lima

$46 4.6%

Cold Lake

$25 * 1.3% 45.2% $21

Getting Around

Lima

$43 4.3%

Cold Lake

$9.8 * 0.5% 77.4% $34

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

Cost Breakdown

A central one-bedroom costs $721 in Lima versus $860 in Cold Lake. 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 $35.00 in Lima versus $57.0 in Cold Lake. Monthly groceries follow the same trend: $226 vs $335 – making Lima the more affordable choice for daily food spending.

Good to know

🇵🇪 Lima

🇨🇦 Cold Lake

🕒 Local time

15:42 3:42 PM

14:42 2:42 PM

1 h behind Lima

🌤 Weather

👥 Population

9,989,369 Capital

11,595

💱 Currency

Peruvian Sol PEN S/

Canadian Dollar CAD $

📈 Exchange rate

1 PEN = 0.291 USD

1 PEN = 0.259 EUR

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

Exchange rates and currency converter

CAD, USD, EUR to PEN – Peruvian Sol Converter

🇺🇸 United States Dollar ($)

🇵🇪 Peruvian Sol (S/)

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).

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).

USD to PEN in detail →

On the map

Lowest

Highest

Between locations

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

From you

Lima
Cold Lake

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

Lima vs Cold Lake: 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 $1,518 per month in Lima and $2,868 in Cold Lake. 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 $1,012 in Lima and $1,912 in Cold Lake. That's a gap of about 89%.

Kindergarten costs $182 per month in Lima and $761 in Cold Lake. 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.