Last update: Oct 2026

Cost of Living Comparison Between Lisbon and Terrace

For one person, living is cheaper in Terrace: $1,898 a month against $2,210 in Lisbon, rent and utilities included – about $3,700 less a year. Higher rent and utilities in Lisbon outweigh lower spending on other living expenses.

107

Cost of Living Index in Lisbon
Learn more

Lisbon Living Index
91

Cost of Living Index in Terrace
Learn more

Terrace Living Index

Jump to prices

Lisbon

🇵🇹 Portugal

$2,210

/mo nomad

Terrace

🇨🇦 Canada

$1,898

/mo nomad

Monthly Cost of Living

How much you'll spend in Lisbon 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 Lisbon and in Terrace actually costs, broken down by who's living it.

Monthly costs for one person with rent: $2,210 in Lisbon versus $1,898 in Terrace.

Lisbon $2,210
Terrace $1,898

Estimated couple costs with rent: $3,275 in Lisbon versus $2,871 in Terrace.

Lisbon $3,275
Terrace $2,871

Monthly costs for a family of three with rent: $4,341 in Lisbon versus $3,844 in Terrace.

Lisbon $4,341
Terrace $3,844

Living in Lisbon is roughly 16% more expensive than in Terrace, and outside of rent the biggest gap is in clothing.

Both cities are pricier than the global median: Lisbon 62% above, Terrace 39% above.

Meal at Budget Restaurant

$16.65 €14.91

$18.13 CA$25.34

-8.16%

Three-Course Dinner for Two, Mid-Range

$61.7 €55.3

$79.4 CA$111

-22.27%

Fast Food Meal (McDonalds, etc)

$11.36 €10.17

$11.12 CA$15.54

2.16%

Cappuccino

$2.97 €2.66

$3.62 CA$5.06

-17.96%

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

$2.29 €2.05

$1.78 CA$2.49

28.65%

Water (0.33 liter bottle)

$1.74 €1.56

$1.82 CA$2.55

-4.40%

Local Beer (0.5 liter draught)

$3.40 €3.05

$5.02 CA$7.02

-32.27%

Imported Beer (0.33 liter bottle)

$3.31 €2.96

$6.49 CA$9.07

-49.00%

Milk (1 liter)

$1.16 €1.04

$2.30 CA$3.21

-49.57%

White Bread (500g)

$1.91 €1.71

$2.59 CA$3.61

-26.25%

Rice (white) (1kg)

$1.51 €1.35

$5.27 CA$7.36

-71.35%

Eggs

$4.02 €3.60

$3.86 CA$5.39

4.15%

Local Cheese (1kg)

$12.94 €11.59

$8.97 CA$12.53

44.26%

Chicken Fillets (1kg)

$7.77 €6.96

$15.74 CA$21.99

-50.64%

Beef Round Steak (1kg)

$17.76 €15.91

$13.58 CA$18.97

30.78%

Apples (1kg)

$2.30 €2.06

$4.25 CA$5.94

-45.88%

Banana (1kg)

$1.73 €1.55

$1.23 CA$1.72

40.65%

Oranges (1kg)

$1.86 €1.66

$3.11 CA$4.34

-40.19%

Tomato (1kg)

$2.59 €2.32

$3.89 CA$5.44

-33.42%

Potato (1kg)

$1.82 €1.63

$3.21 CA$4.49

-43.30%

Onion (1kg)

$1.97 €1.76

$3.18 CA$4.44

-38.05%

Lettuce (1 head)

$1.47 €1.32

$2.44 CA$3.41

-39.75%

Water (1.5 liter bottle)

$0.72 €0.65

$1.04 CA$1.45

-30.77%

Cigarettes 20 Pack (Marlboro, Camel)

$6.58 €5.90

$11.82 CA$16.52

-44.33%

Wine (Bottle)

$5.61 €5.02

$13.39 CA$18.71

-58.10%

Local Beer (0.5 liter bottle)

$1.36 €1.22

$2.11 CA$2.95

-35.55%

Imported Beer (0.33 liter bottle)

$2.14 €1.91

$1.90 CA$2.65

12.63%

One-way Ticket (Public Transport)

$2.33 €2.09

$1.40 CA$1.96

66.43%

Public Transport Monthly Pass (Regular Price)

$44.68 €40.01

$31.05 CA$43.39

43.90%

Taxi Start (Normal Tariff)

$3.85 €3.45

$3.10 CA$4.33

24.19%

Taxi (Normal Tariff) (1km)

$1.07 €0.96

$1.40 CA$1.96

-23.57%

Taxi 1hour Waiting (Normal Tariff)

$16.46 €14.74

$20.14 CA$28.14

-18.27%

Gasoline (1 liter)

$2.20 €1.97

$1.24 CA$1.73

77.42%

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

$34.2K €30.6K

$28.5K CA$39.8K

20.05%

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

$38.7K €34.7K

$19.3K CA$27.0K

100.23%

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

$161 €144

$95.4 CA$133

68.92%

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

$18.41 €16.49

$39.00 CA$54.5

-52.79%

Internet (50+ Mbps, Unlimited Data)

$32.74 €29.32

$59.6 CA$83.2

-45.03%

Gym Membership (Monthly)

$44.55 €39.90

$41.15 CA$57.5

8.26%

Tennis Court (1 Hour on Weekend)

$19.10 €17.10

$18.60 CA$26.00

2.69%

Cinema Ticket

$9.60 €8.60

$8.99 CA$12.56

6.79%

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

$668 €598

$637 CA$890

4.84%

International Primary School, 1 Child (Yearly)

$17.6K €15.8K

$12.6K CA$17.6K

40.22%

Jeans (Levis 501 Or Similar)

$102 €91.4

$36.69 CA$51.3

178.06%

Summer Dress (H&M, Zara, etc)

$44.46 €39.82

$30.69 CA$42.88

44.87%

Sport Shoes (Adidas, Nike)

$98.5 €88.2

$78.5 CA$110

25.54%

Men's Leather Business Shoes

$124 €111

$104 CA$145

19.40%

1-bedroom Apartment, City Center (Monthly)

$1,608 €1,440

$1,013 CA$1,416

58.69%

1-bedroom Apartment, Outside City Center (Monthly)

$1,190 €1,066

$840 CA$1,174

41.62%

3-bedroom Apartment, City Center (Monthly)

$2,812 €2,519

$1,643 CA$2,296

71.13%

3-bedroom Apartment, Outside City Center (Monthly)

$2,013 €1,803

$1,319 CA$1,843

52.61%

Buy Apartment in City Center (m2)

$7,839 €7,021

$4,346 CA$6,073

80.36%

Buy Apartment Outside City Center (m2)

$4,576 €4,098

$3,250 CA$4,541

40.80%

Average Monthly Net Salary (After Tax)

$1,575 €1,411

$3,152 CA$4,404

-50.03%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.85

5.05

-23.76%

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

Last update for Lisbon: October 27, 2026

Last update for Terrace: October 27, 2026

Monthly budget structure

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

Accommodation & Living

Lisbon

$1.2K 53.8%

Terrace

$840 44.3% 29.4% $350

Groceries & Markets

Lisbon

$272 12.3%

Terrace

$371 19.6% 36.4% $99

Eating Out

Lisbon

$243 11%

Terrace

$274 14.5% 13.1% $32

Monthly Utilities & Internet

Lisbon

$212 9.6%

Terrace

$194 10.2% 8.6% $18

Clothing & Footwear

Lisbon

$166 7.5%

Terrace

$112 5.9% 32.3% $54

Sport & Entertainment

Lisbon

$64 2.9%

Terrace

$59 3.1% 7.2% $4.6

Getting Around

Lisbon

$63 2.9%

Terrace

$47 2.5% 26% $16

Cost Breakdown

A one-bedroom apartment in the center runs $1,608 in Lisbon and $1,013 in Terrace. Housing cost is often the main lever when comparing two cities.

Terrace pays about 2 times more on average while also being the cheaper of the two. The combined effect is a noticeably stronger local purchasing power.

Dining out: $62 in Lisbon vs $79 in Terrace for a mid-range dinner for two. Groceries echo the gap at $272 vs $371 per month, with Lisbon cheaper across the board.

Good to know

🇵🇹 Lisbon

🇨🇦 Terrace

🕒 Local time

00:50 12:50 AM

17:50 5:50 PM

7 h behind Lisbon

🌤 Weather

👥 Population

545,923 Capital

19,443

💱 Currency

Euro EUR €

Canadian Dollar CAD $

📈 Exchange rate

1 EUR = 1.12 USD

1 CAD = 0.716 USD

1 CAD = 0.641 EUR

Exchange rates and currency converter

On the map

Lowest

Highest

Between locations

Lisbon Terrace 8,160 km ≈ 11 h nonstop flight

From you

Lisbon
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

Lisbon vs Terrace: Cost of Living - Frequently Asked Questions

Total monthly costs including rent come to $2,210 in Lisbon and $1,898 in Terrace, so Terrace is about 14% cheaper – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 50% lower in Lisbon. 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: $1,608 in Lisbon versus $1,013 in Terrace. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $668 in Lisbon versus $637 in Terrace. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Shoppers in Lisbon pay roughly 27% less for everyday groceries. It’s an unusual reversal that partly offsets higher costs elsewhere.

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.