Last update: Oct 2026

Cost of Living Comparison Between Terrace and Lima

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.

91

Cost of Living Index in Terrace
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Terrace Living Index
49

Cost of Living Index in Lima
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Lima Living Index

Jump to prices

Terrace

🇨🇦 Canada

$1,887

/mo nomad

Lima

🇵🇪 Peru

$1,012

/mo nomad

Monthly Cost of Living

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

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

Terrace $1,887
Lima $1,012

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

Terrace $2,853
Lima $1,589

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

Terrace $3,819
Lima $2,167

Living in Terrace is roughly 87% more expensive than in Lima, and outside of rent the biggest gap is in eating out.

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

Meal at Budget Restaurant

$17.53 CA$24.78

$4.40 PEN 15.10

298.41%

Three-Course Dinner for Two, Mid-Range

$79.9 CA$113

$35.17 PEN 121

127.13%

Fast Food Meal (McDonalds, etc)

$9.87 CA$13.95

$6.89 PEN 23.65

43.25%

Cappuccino

$3.93 CA$5.55

$3.26 PEN 11.20

20.55%

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

$2.09 CA$2.95

$1.12 PEN 3.84

86.61%

Water (0.33 liter bottle)

$1.62 CA$2.29

$0.62 PEN 2.11

161.29%

Local Beer (0.5 liter draught)

$5.19 CA$7.34

$2.65 PEN 9.09

95.85%

Imported Beer (0.33 liter bottle)

$6.15 CA$8.69

$4.41 PEN 15.15

39.46%

Milk (1 liter)

$2.25 CA$3.19

$1.63 PEN 5.61

38.04%

White Bread (500g)

$2.63 CA$3.72

$2.56 PEN 8.78

2.73%

Rice (white) (1kg)

$5.10 CA$7.21

$1.35 PEN 4.65

277.78%

Eggs

$3.60 CA$5.10

$2.90 PEN 9.96

24.14%

Local Cheese (1kg)

$8.81 CA$12.45

$8.85 PEN 30.38

-0.45%

Chicken Fillets (1kg)

$15.36 CA$21.71

$5.98 PEN 20.52

156.86%

Beef Round Steak (1kg)

$13.51 CA$19.10

$9.78 PEN 33.59

38.14%

Apples (1kg)

$4.06 CA$5.73

$2.05 PEN 7.02

98.05%

Banana (1kg)

$1.21 CA$1.72

$1.06 PEN 3.66

14.15%

Oranges (1kg)

$2.99 CA$4.23

$1.35 PEN 4.64

121.48%

Tomato (1kg)

$3.67 CA$5.20

$1.50 PEN 5.15

144.67%

Potato (1kg)

$3.14 CA$4.44

$0.88 PEN 3.03

256.82%

Onion (1kg)

$3.13 CA$4.43

$0.92 PEN 3.15

240.22%

Lettuce (1 head)

$2.37 CA$3.36

$0.89 PEN 3.07

166.29%

Water (1.5 liter bottle)

$1.01 CA$1.43

$0.90 PEN 3.10

12.22%

Cigarettes 20 Pack (Marlboro, Camel)

$11.27 CA$15.94

$5.90 PEN 20.27

91.02%

Wine (Bottle)

$13.44 CA$18.99

$8.52 PEN 29.26

57.75%

Local Beer (0.5 liter bottle)

$2.09 CA$2.96

$1.88 PEN 6.45

11.17%

Imported Beer (0.33 liter bottle)

$1.78 CA$2.52

$3.22 PEN 11.05

-44.72%

One-way Ticket (Public Transport)

$1.38 CA$1.95

$0.68 PEN 2.33

102.94%

Public Transport Monthly Pass (Regular Price)

$31.40 CA$44.40

$26.86 PEN 92.2

16.90%

Taxi Start (Normal Tariff)

$3.30 CA$4.66

$3.81 PEN 13.09

-13.39%

Taxi (Normal Tariff) (1km)

$1.50 CA$2.12

$2.02 PEN 6.93

-25.74%

Taxi 1hour Waiting (Normal Tariff)

$20.03 CA$28.31

$7.11 PEN 24.41

181.72%

Gasoline (1 liter)

$1.22 CA$1.72

$1.72 PEN 5.91

-29.07%

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

$27.8K CA$39.3K

$22.3K PEN 76.6K

24.62%

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

$18.7K CA$26.5K

$25.5K PEN 87.6K

-26.59%

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

$93.2 CA$132

$73.1 PEN 251

27.60%

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

$38.92 CA$55.0

$16.35 PEN 56.2

138.04%

Internet (50+ Mbps, Unlimited Data)

$58.3 CA$82.5

$27.47 PEN 94.3

112.38%

Gym Membership (Monthly)

$40.14 CA$56.7

$31.90 PEN 110

25.83%

Tennis Court (1 Hour on Weekend)

$16.45 CA$23.26

$19.41 PEN 66.7

-15.25%

Cinema Ticket

$8.91 CA$12.60

$7.05 PEN 24.23

26.38%

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

$733 CA$1,037

$182 PEN 627

301.89%

International Primary School, 1 Child (Yearly)

$13.4K CA$18.9K

$13.0K PEN 44.8K

2.76%

Jeans (Levis 501 Or Similar)

$36.65 CA$51.8

$53.8 PEN 185

-31.86%

Summer Dress (H&M, Zara, etc)

$30.29 CA$42.82

$34.32 PEN 118

-11.74%

Sport Shoes (Adidas, Nike)

$79.8 CA$113

$82.8 PEN 284

-3.68%

Men's Leather Business Shoes

$104 CA$147

$78.2 PEN 269

32.62%

1-bedroom Apartment, City Center (Monthly)

$992 CA$1,402

$721 PEN 2,476

37.52%

1-bedroom Apartment, Outside City Center (Monthly)

$845 CA$1,194

$343 PEN 1,179

146.01%

3-bedroom Apartment, City Center (Monthly)

$1,556 CA$2,200

$1,219 PEN 4,186

27.65%

3-bedroom Apartment, Outside City Center (Monthly)

$1,325 CA$1,874

$651 PEN 2,235

103.68%

Buy Apartment in City Center (m2)

$4,127 CA$5,835

$2,414 PEN 8,292

70.93%

Buy Apartment Outside City Center (m2)

$3,426 CA$4,843

$1,357 PEN 4,660

152.43%

Average Monthly Net Salary (After Tax)

$3,096 CA$4,376

$648 PEN 2,226

377.66%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.05

8.94

-43.51%

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

Last update for Terrace: October 11, 2026

Last update for Lima: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Terrace

$845 44.8%

Lima

$343 33.9% 59.4% $501

Groceries & Markets

Terrace

$364 19.3%

Lima

$226 22.3% 37.9% $138

Eating Out

Terrace

$270 14.3%

Lima

$124 12.3% 54.1% $146

Monthly Utilities & Internet

Terrace

$191 10.1%

Lima

$117 11.6% 38.6% $74

Clothing & Footwear

Terrace

$113 6%

Lima

$112 11.1% 0.5% $0.6

Sport & Entertainment

Terrace

$58 3.1%

Lima

$46 4.6% 20.6% $12

Getting Around

Terrace

$48 2.5%

Lima

$43 4.3% 8.9% $4.2

Cost Breakdown

A one-bedroom apartment in the center runs $992 in Terrace and $721 in Lima. 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: $80.0 in Terrace vs $35.00 in Lima for a mid-range dinner for two. Groceries echo the gap at $364 vs $226 per month, with Lima cheaper across the board.

Good to know

🇨🇦 Terrace

🇵🇪 Lima

🕒 Local time

06:05 6:05 AM

08:05 8:05 AM

2 h ahead of Terrace

🌤 Weather

👥 Population

19,443

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 18, 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 18, 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

Terrace Lima 8,840 km ≈ 12 h nonstop flight

From you

Terrace
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

Terrace vs Lima: Cost of Living - Frequently Asked Questions

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

Average pay runs 378% higher in Terrace, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

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

Childcare runs $733 in Terrace versus $182 in Lima. 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.