Last update: Oct 2026

Cost of Living Comparison Between Terrace and Toronto

For one person, living is cheaper in Terrace: $1,887 a month against $2,561 in Toronto, rent and utilities included – about $8,100 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
125

Cost of Living Index in Toronto
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Toronto Living Index

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Terrace

🇨🇦 Canada

$1,887

/mo nomad

Toronto

🇨🇦 Canada

$2,561

/mo nomad

Monthly Cost of Living

How much you'll spend in Terrace and in Toronto

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

A single person spends $1,887 per month in Terrace vs $2,561 in Toronto, rent included.

Terrace $1,887
Toronto $2,561

A couple spends around $2,853 per month in Terrace vs $3,694 in Toronto, rent included.

Terrace $2,853
Toronto $3,694

A family of three spends $3,819 per month in Terrace vs $4,826 in Toronto, rent included.

Terrace $3,819
Toronto $4,826

Terrace is about 26% cheaper than Toronto, and outside of rent the biggest gap is in transport.

Both Terrace and Toronto sit above the global median – Terrace by 40%, Toronto by 90%.

Meal at Budget Restaurant

$17.53 CA$24.78

$17.18 CA$24.29

2.04%

Three-Course Dinner for Two, Mid-Range

$79.9 CA$113

$76.0 CA$107

5.15%

Fast Food Meal (McDonalds, etc)

$9.87 CA$13.95

$10.54 CA$14.89

-6.36%

Cappuccino

$3.93 CA$5.55

$4.02 CA$5.68

-2.24%

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

$2.09 CA$2.95

$2.12 CA$3.00

-1.42%

Water (0.33 liter bottle)

$1.62 CA$2.29

$1.75 CA$2.48

-7.43%

Local Beer (0.5 liter draught)

$5.19 CA$7.34

$6.24 CA$8.83

-16.83%

Imported Beer (0.33 liter bottle)

$6.15 CA$8.69

$7.09 CA$10.02

-13.26%

Milk (1 liter)

$2.25 CA$3.19

$2.44 CA$3.45

-7.79%

White Bread (500g)

$2.63 CA$3.72

$2.68 CA$3.78

-1.87%

Rice (white) (1kg)

$5.10 CA$7.21

$2.24 CA$3.17

127.68%

Eggs

$3.60 CA$5.10

$3.56 CA$5.03

1.12%

Local Cheese (1kg)

$8.81 CA$12.45

$9.09 CA$12.85

-3.08%

Chicken Fillets (1kg)

$15.36 CA$21.71

$11.33 CA$16.01

35.57%

Beef Round Steak (1kg)

$13.51 CA$19.10

$14.53 CA$20.55

-7.02%

Apples (1kg)

$4.06 CA$5.73

$3.62 CA$5.12

12.15%

Banana (1kg)

$1.21 CA$1.72

Oranges (1kg)

$2.99 CA$4.23

$3.60 CA$5.09

-16.94%

Tomato (1kg)

$3.67 CA$5.20

$4.21 CA$5.96

-12.83%

Potato (1kg)

$3.14 CA$4.44

$1.79 CA$2.53

75.42%

Onion (1kg)

$3.13 CA$4.43

$1.59 CA$2.25

96.86%

Lettuce (1 head)

$2.37 CA$3.36

$2.27 CA$3.21

4.41%

Water (1.5 liter bottle)

$1.01 CA$1.43

$1.25 CA$1.77

-19.20%

Cigarettes 20 Pack (Marlboro, Camel)

$11.27 CA$15.94

$13.82 CA$19.53

-18.45%

Wine (Bottle)

$13.44 CA$18.99

$14.27 CA$20.18

-5.82%

Local Beer (0.5 liter bottle)

$2.09 CA$2.96

$2.20 CA$3.10

-5.00%

Imported Beer (0.33 liter bottle)

$1.78 CA$2.52

$2.43 CA$3.44

-26.75%

One-way Ticket (Public Transport)

$1.38 CA$1.95

$2.39 CA$3.38

-42.26%

Public Transport Monthly Pass (Regular Price)

$31.40 CA$44.40

$111 CA$157

-71.69%

Taxi Start (Normal Tariff)

$3.30 CA$4.66

$2.91 CA$4.12

13.40%

Taxi (Normal Tariff) (1km)

$1.50 CA$2.12

$1.20 CA$1.69

25.00%

Taxi 1hour Waiting (Normal Tariff)

$20.03 CA$28.31

$21.38 CA$30.23

-6.31%

Gasoline (1 liter)

$1.22 CA$1.72

$1.21 CA$1.71

0.83%

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

$27.8K CA$39.3K

$28.2K CA$39.8K

-1.31%

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

$18.7K CA$26.5K

$20.3K CA$28.6K

-7.56%

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

$93.2 CA$132

$120 CA$170

-22.53%

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

$38.92 CA$55.0

$32.26 CA$45.60

20.64%

Internet (50+ Mbps, Unlimited Data)

$58.3 CA$82.5

$47.93 CA$67.8

21.72%

Gym Membership (Monthly)

$40.14 CA$56.7

$38.48 CA$54.4

4.31%

Tennis Court (1 Hour on Weekend)

$16.45 CA$23.26

$22.96 CA$32.46

-28.35%

Cinema Ticket

$8.91 CA$12.60

$12.38 CA$17.50

-28.03%

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

$733 CA$1,037

$830 CA$1,173

-11.64%

International Primary School, 1 Child (Yearly)

$13.4K CA$18.9K

$23.1K CA$32.6K

-41.96%

Jeans (Levis 501 Or Similar)

$36.65 CA$51.8

$50.7 CA$71.7

-27.73%

Summer Dress (H&M, Zara, etc)

$30.29 CA$42.82

$40.02 CA$56.6

-24.31%

Sport Shoes (Adidas, Nike)

$79.8 CA$113

$98.0 CA$139

-18.58%

Men's Leather Business Shoes

$104 CA$147

$121 CA$171

-14.00%

1-bedroom Apartment, City Center (Monthly)

$992 CA$1,402

$1,592 CA$2,251

-37.72%

1-bedroom Apartment, Outside City Center (Monthly)

$845 CA$1,194

$1,410 CA$1,994

-40.10%

3-bedroom Apartment, City Center (Monthly)

$1,556 CA$2,200

$2,670 CA$3,775

-41.73%

3-bedroom Apartment, Outside City Center (Monthly)

$1,325 CA$1,874

$2,152 CA$3,042

-38.40%

Buy Apartment in City Center (m2)

$4,127 CA$5,835

$7,945 CA$11.2K

-48.06%

Buy Apartment Outside City Center (m2)

$3,426 CA$4,843

$6,542 CA$9,249

-47.64%

Average Monthly Net Salary (After Tax)

$3,096 CA$4,376

$3,727 CA$5,269

-16.94%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.05

4.47

12.98%

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

Last update for Terrace: October 11, 2026

Last update for Toronto: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Terrace

$845 44.8%

Toronto

$1.4K 55.1% 66.9% $565

Groceries & Markets

Terrace

$364 19.3%

Toronto

$340 13.3% 6.6% $24

Eating Out

Terrace

$270 14.3%

Toronto

$278 10.9% 3% $8.2

Monthly Utilities & Internet

Terrace

$191 10.1%

Toronto

$201 7.8% 5.3% $10

Clothing & Footwear

Terrace

$113 6%

Toronto

$139 5.4% 23.5% $27

Sport & Entertainment

Terrace

$58 3.1%

Toronto

$63 2.5% 9.1% $5.3

Getting Around

Terrace

$48 2.5%

Toronto

$129 5.1% 171% $82

Cost Breakdown

A central one-bedroom costs $992 in Terrace versus $1,592 in Toronto. 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 20% higher in Toronto, 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 $80.0 in Terrace versus $76.0 in Toronto. Monthly groceries follow the same trend: $364 vs $340 – making Toronto the more affordable choice for daily food spending.

Good to know

🇨🇦 Terrace

🇨🇦 Toronto

🕒 Local time

12:00 12:00 PM

15:00 3:00 PM

3 h ahead of Terrace

🌤 Weather

👥 Population

19,443

2,731,571

💱 Currency

Canadian Dollar CAD $

📈 Exchange rate

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

Exchange rates and currency converter

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Between locations

Terrace Toronto 3,700 km ≈ 5 h nonstop flight

From you

Terrace
Toronto

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 Toronto: Cost of Living - Frequently Asked Questions

Toronto costs about 36% more than Terrace, and outside of rent the gap comes mainly from transport. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $2,831 per month in Terrace and $3,841 in Toronto. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

A mid-range dinner for two costs $80.0 in Terrace and $76.0 in Toronto. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $1,887 in Terrace and $2,561 in Toronto. That's a gap of about 36%.

A $2,000 monthly budget goes further in Terrace, where all-in costs run around $1,887, than in Toronto at $2,561. In Terrace it covers expenses comfortably, while in Toronto it requires careful planning or may not stretch far enough.

Families tend to lean toward Terrace – 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 Terrace. If higher salaries, better infrastructure, or specific career opportunities are the priority, Toronto makes more sense. Both are solid long-term options with distinct trade-offs.