Cost of Living Comparison Between Terrace and Toronto Cost of Living Comparison Between Terrace and Toronto

Monthly Cost of Living

A single person spends $1,924 per month in Terrace vs $2,788 in Toronto, rent included.

A couple spends around $2,875 per month in Terrace vs $4,110 in Toronto, rent included.

A family of three spends $3,826 per month in Terrace vs $5,432 in Toronto, rent included.

Terrace is about 31% cheaper than Toronto, driven mainly by Getting Around.

Both Terrace and Toronto sit above the global median – Terrace by 44%, Toronto by 109%.

Meal at Budget Restaurant

$18.33 CA$25.70

$18.51 CA$25.96

-0.97%

Three-Course Dinner for Two, Mid-Range

$82.9 CA$116

$83.8 CA$118

-1.13%

Fast Food Meal (McDonalds, etc)

$11.10 CA$15.57

$10.97 CA$15.38

1.19%

Cappuccino

$3.85 CA$5.40

$3.99 CA$5.59

-3.51%

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

$1.96 CA$2.75

$2.11 CA$2.96

-7.11%

Water (0.33 liter bottle)

$1.66 CA$2.32

$1.69 CA$2.37

-1.78%

Local Beer (0.5 liter draught)

$4.38 CA$6.14

$5.92 CA$8.30

-26.01%

Imported Beer (0.33 liter bottle)

$6.04 CA$8.47

$6.48 CA$9.08

-6.79%

Milk (1 liter)

$2.44 CA$3.43

$2.71 CA$3.80

-9.96%

White Bread (500g)

$2.80 CA$3.92

$2.85 CA$4.00

-1.75%

Rice (white) (1kg)

$5.44 CA$7.63

$3.56 CA$4.99

52.81%

Eggs

$3.90 CA$5.47

$3.54 CA$4.96

10.17%

Local Cheese (1kg)

$9.23 CA$12.94

$13.26 CA$18.59

-30.39%

Chicken Fillets (1kg)

$16.11 CA$22.59

$13.05 CA$18.29

23.45%

Beef Round Steak (1kg)

$14.20 CA$19.91

$16.77 CA$23.51

-15.32%

Apples (1kg)

$4.28 CA$5.99

$4.11 CA$5.77

4.14%

Banana (1kg)

$1.22 CA$1.71

$1.14 CA$1.60

7.02%

Oranges (1kg)

$3.27 CA$4.58

$3.40 CA$4.76

-3.82%

Tomato (1kg)

$3.93 CA$5.51

$4.02 CA$5.64

-2.24%

Potato (1kg)

$3.26 CA$4.57

$2.43 CA$3.41

34.16%

Onion (1kg)

$3.20 CA$4.48

$2.94 CA$4.12

8.84%

Lettuce (1 head)

$2.50 CA$3.51

$2.47 CA$3.47

1.21%

Water (1.5 liter bottle)

$1.01 CA$1.41

$1.92 CA$2.69

-47.40%

Cigarettes 20 Pack (Marlboro, Camel)

$11.91 CA$16.69

$14.99 CA$21.01

-20.55%

Wine (Bottle)

$13.57 CA$19.02

$14.34 CA$20.10

-5.37%

Local Beer (0.5 liter bottle)

$2.28 CA$3.19

$2.71 CA$3.80

-15.87%

Imported Beer (0.33 liter bottle)

$1.92 CA$2.69

$3.12 CA$4.38

-38.46%

One-way Ticket (Public Transport)

$1.49 CA$2.08

$2.45 CA$3.44

-39.18%

Public Transport Monthly Pass (Regular Price)

$31.93 CA$44.77

$113 CA$158

-71.70%

Taxi Start (Normal Tariff)

$3.08 CA$4.32

$3.63 CA$5.08

-15.15%

Taxi (Normal Tariff) (1km)

$1.47 CA$2.06

$1.34 CA$1.88

9.70%

Taxi 1hour Waiting (Normal Tariff)

$26.11 CA$36.61

$25.55 CA$35.82

2.19%

Gasoline (1 liter)

$1.19 CA$1.67

$1.11 CA$1.55

7.21%

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

$28.4K CA$39.8K

$25.3K CA$35.4K

12.46%

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

$21.2K CA$29.7K

$21.8K CA$30.5K

-2.79%

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

$98.1 CA$138

$117 CA$164

-15.91%

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

$40.30 CA$56.5

$37.60 CA$52.7

7.18%

Internet (50+ Mbps, Unlimited Data)

$62.4 CA$87.5

$53.7 CA$75.3

16.20%

Gym Membership (Monthly)

$43.44 CA$60.9

$57.1 CA$80.1

-23.92%

Tennis Court (1 Hour on Weekend)

$20.86 CA$29.24

Cinema Ticket

$9.27 CA$13.00

$11.56 CA$16.20

-19.81%

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

$734 CA$1,028

$1,125 CA$1,577

-34.80%

International Primary School, 1 Child (Yearly)

$11.9K CA$16.7K

$18.4K CA$25.9K

-35.38%

Jeans (Levis 501 Or Similar)

$38.31 CA$53.7

$57.3 CA$80.4

-33.16%

Summer Dress (H&M, Zara, etc)

$32.30 CA$45.28

$39.05 CA$54.8

-17.29%

Sport Shoes (Adidas, Nike)

$82.5 CA$116

$87.6 CA$123

-5.76%

Men's Leather Business Shoes

$46.22 CA$64.8

$114 CA$159

-59.32%

1-bedroom Apartment, City Center (Monthly)

$1,040 CA$1,458

$1,842 CA$2,582

-43.52%

1-bedroom Apartment, Outside City Center (Monthly)

$854 CA$1,198

$1,531 CA$2,146

-44.19%

3-bedroom Apartment, City Center (Monthly)

$1,699 CA$2,381

$2,925 CA$4,101

-41.94%

3-bedroom Apartment, Outside City Center (Monthly)

$1,392 CA$1,951

$2,502 CA$3,508

-44.38%

Buy Apartment in City Center (m2)

$4,419 CA$6,195

$8,725 CA$12.2K

-49.36%

Buy Apartment Outside City Center (m2)

$3,287 CA$4,609

$6,867 CA$9,628

-52.13%

Average Monthly Net Salary (After Tax)

$3,217 CA$4,511

$3,454 CA$4,842

-6.84%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.22

5.16

1.16%

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

Last update for Terrace: July 11, 2026

Last update for Toronto: July 11, 2026

Cost Breakdown

A central one-bedroom costs $1,040 in Terrace versus $1,842 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 7% 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 $83.0 in Terrace versus $84.0 in Toronto. Monthly groceries follow the same trend: $383 vs $395 – making Terrace the more affordable choice for daily food spending.

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 45% more than Terrace, with the gap driven mainly by Getting Around. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $2,886 per month in Terrace and $4,181 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 $83.0 in Terrace and $84.0 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 $1,924 in Terrace and $2,788 in Toronto. The difference isn't just one category – it shows up across housing, food, transport, and services.

A $2,000 monthly budget goes further in Terrace, where all-in costs run around $1,924, than in Toronto at $2,788. 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.