Last update: Oct 2026

Cost of Living Comparison Between Lima and Terrace

For one person, living is cheaper in Lima: $1,012 a month against $1,887 in Terrace, rent and utilities included – about $10,500 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
91

Cost of Living Index in Terrace
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Terrace Living Index

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Lima

🇵🇪 Peru

$1,012

/mo nomad

Terrace

🇨🇦 Canada

$1,887

/mo nomad

Monthly Cost of Living

How much you'll spend in Lima and in Terrace

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 Terrace actually costs, broken down by who's living it.

Monthly costs for one person with rent: $1,012 in Lima versus $1,887 in Terrace.

Lima $1,012
Terrace $1,887

Estimated couple costs with rent: $1,589 in Lima versus $2,853 in Terrace.

Lima $1,589
Terrace $2,853

Monthly costs for a family of three with rent: $2,167 in Lima versus $3,819 in Terrace.

Lima $2,167
Terrace $3,819

Living in Lima costs roughly 46% less than in Terrace, and outside of rent the biggest gap is in eating out.

The two cities straddle the global median: Lima is 25% below, Terrace is 40% above.

Meal at Budget Restaurant

$4.40 PEN 15.10

$17.53 CA$24.78

-74.90%

Three-Course Dinner for Two, Mid-Range

$35.17 PEN 121

$79.9 CA$113

-55.97%

Fast Food Meal (McDonalds, etc)

$6.89 PEN 23.65

$9.87 CA$13.95

-30.19%

Cappuccino

$3.26 PEN 11.20

$3.93 CA$5.55

-17.05%

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

$1.12 PEN 3.84

$2.09 CA$2.95

-46.41%

Water (0.33 liter bottle)

$0.62 PEN 2.11

$1.62 CA$2.29

-61.73%

Local Beer (0.5 liter draught)

$2.65 PEN 9.09

$5.19 CA$7.34

-48.94%

Imported Beer (0.33 liter bottle)

$4.41 PEN 15.15

$6.15 CA$8.69

-28.29%

Milk (1 liter)

$1.63 PEN 5.61

$2.25 CA$3.19

-27.56%

White Bread (500g)

$2.56 PEN 8.78

$2.63 CA$3.72

-2.66%

Rice (white) (1kg)

$1.35 PEN 4.65

$5.10 CA$7.21

-73.53%

Eggs

$2.90 PEN 9.96

$3.60 CA$5.10

-19.44%

Local Cheese (1kg)

$8.85 PEN 30.38

$8.81 CA$12.45

0.45%

Chicken Fillets (1kg)

$5.98 PEN 20.52

$15.36 CA$21.71

-61.07%

Beef Round Steak (1kg)

$9.78 PEN 33.59

$13.51 CA$19.10

-27.61%

Apples (1kg)

$2.05 PEN 7.02

$4.06 CA$5.73

-49.51%

Banana (1kg)

$1.06 PEN 3.66

$1.21 CA$1.72

-12.40%

Oranges (1kg)

$1.35 PEN 4.64

$2.99 CA$4.23

-54.85%

Tomato (1kg)

$1.50 PEN 5.15

$3.67 CA$5.20

-59.13%

Potato (1kg)

$0.88 PEN 3.03

$3.14 CA$4.44

-71.97%

Onion (1kg)

$0.92 PEN 3.15

$3.13 CA$4.43

-70.61%

Lettuce (1 head)

$0.89 PEN 3.07

$2.37 CA$3.36

-62.45%

Water (1.5 liter bottle)

$0.90 PEN 3.10

$1.01 CA$1.43

-10.89%

Cigarettes 20 Pack (Marlboro, Camel)

$5.90 PEN 20.27

$11.27 CA$15.94

-47.65%

Wine (Bottle)

$8.52 PEN 29.26

$13.44 CA$18.99

-36.61%

Local Beer (0.5 liter bottle)

$1.88 PEN 6.45

$2.09 CA$2.96

-10.05%

Imported Beer (0.33 liter bottle)

$3.22 PEN 11.05

$1.78 CA$2.52

80.90%

One-way Ticket (Public Transport)

$0.68 PEN 2.33

$1.38 CA$1.95

-50.72%

Public Transport Monthly Pass (Regular Price)

$26.86 PEN 92.2

$31.40 CA$44.40

-14.46%

Taxi Start (Normal Tariff)

$3.81 PEN 13.09

$3.30 CA$4.66

15.45%

Taxi (Normal Tariff) (1km)

$2.02 PEN 6.93

$1.50 CA$2.12

34.67%

Taxi 1hour Waiting (Normal Tariff)

$7.11 PEN 24.41

$20.03 CA$28.31

-64.50%

Gasoline (1 liter)

$1.72 PEN 5.91

$1.22 CA$1.72

40.98%

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

$22.3K PEN 76.6K

$27.8K CA$39.3K

-19.76%

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

$25.5K PEN 87.6K

$18.7K CA$26.5K

36.22%

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

$73.1 PEN 251

$93.2 CA$132

-21.63%

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

$16.35 PEN 56.2

$38.92 CA$55.0

-57.99%

Internet (50+ Mbps, Unlimited Data)

$27.47 PEN 94.3

$58.3 CA$82.5

-52.91%

Gym Membership (Monthly)

$31.90 PEN 110

$40.14 CA$56.7

-20.53%

Tennis Court (1 Hour on Weekend)

$19.41 PEN 66.7

$16.45 CA$23.26

17.99%

Cinema Ticket

$7.05 PEN 24.23

$8.91 CA$12.60

-20.88%

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

$182 PEN 627

$733 CA$1,037

-75.12%

International Primary School, 1 Child (Yearly)

$13.0K PEN 44.8K

$13.4K CA$18.9K

-2.69%

Jeans (Levis 501 Or Similar)

$53.8 PEN 185

$36.65 CA$51.8

46.77%

Summer Dress (H&M, Zara, etc)

$34.32 PEN 118

$30.29 CA$42.82

13.30%

Sport Shoes (Adidas, Nike)

$82.8 PEN 284

$79.8 CA$113

3.82%

Men's Leather Business Shoes

$78.2 PEN 269

$104 CA$147

-24.60%

1-bedroom Apartment, City Center (Monthly)

$721 PEN 2,476

$992 CA$1,402

-27.28%

1-bedroom Apartment, Outside City Center (Monthly)

$343 PEN 1,179

$845 CA$1,194

-59.35%

3-bedroom Apartment, City Center (Monthly)

$1,219 PEN 4,186

$1,556 CA$2,200

-21.66%

3-bedroom Apartment, Outside City Center (Monthly)

$651 PEN 2,235

$1,325 CA$1,874

-50.90%

Buy Apartment in City Center (m2)

$2,414 PEN 8,292

$4,127 CA$5,835

-41.50%

Buy Apartment Outside City Center (m2)

$1,357 PEN 4,660

$3,426 CA$4,843

-60.39%

Average Monthly Net Salary (After Tax)

$648 PEN 2,226

$3,096 CA$4,376

-79.06%

20-Year Fixed Mortgage Interest Rate (Annual %)

8.94

5.05

77.03%

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

Last update for Lima: October 11, 2026

Last update for Terrace: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Lima

$343 33.9%

Terrace

$845 44.8% 146% $501

Groceries & Markets

Lima

$226 22.3%

Terrace

$364 19.3% 60.9% $138

Eating Out

Lima

$124 12.3%

Terrace

$270 14.3% 118% $146

Monthly Utilities & Internet

Lima

$117 11.6%

Terrace

$191 10.1% 63% $74

Clothing & Footwear

Lima

$112 11.1%

Terrace

$113 6% 0.5% $0.6

Sport & Entertainment

Lima

$46 4.6%

Terrace

$58 3.1% 26% $12

Getting Around

Lima

$43 4.3%

Terrace

$48 2.5% 9.7% $4.2

Cost Breakdown

A one-bedroom apartment in the center runs $721 in Lima and $992 in Terrace. Housing cost is often the main lever when comparing two cities.

Terrace pays 378% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $35.00 in Lima vs $80.0 in Terrace for a mid-range dinner for two. Groceries echo the gap at $226 vs $364 per month, with Lima cheaper across the board.

Good to know

🇵🇪 Lima

🇨🇦 Terrace

🕒 Local time

08:58 8:58 AM

06:58 6:58 AM

2 h behind Lima

🌤 Weather

👥 Population

9,989,369 Capital

19,443

💱 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 18, 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 18, 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

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Between locations

Lima Terrace 8,840 km ≈ 12 h nonstop flight

From you

Lima
Terrace

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 Terrace: Cost of Living - Frequently Asked Questions

Lima and Terrace differ by about 87% in total monthly costs ($1,012 vs $1,887 including rent). Lima is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 378% lower in Terrace. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $721 in Lima versus $992 in Terrace. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $182 in Lima versus $733 in Terrace. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 61% higher in Terrace. For households that cook at home regularly, that difference adds up over a month.

At $1,012 in Lima versus $1,887 in Terrace, a $2,000 budget is realistic in Lima but tight or insufficient in Terrace. The gap between the two cities makes Lima the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Expats usually find Lima gentler on the wallet – expenses run 87% less than in Terrace. Beyond cost, consider language, visa policies, and how big the international community is in each city.