Last update: Oct 2026

Cost of Living Comparison Between Toronto and Iquitos

For one person, living is cheaper in Iquitos: $663 a month against $2,561 in Toronto, rent and utilities included – about $22,800 less a year. Rent and utilities account for most of the difference.

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Cost of Living Index in Toronto
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Toronto Living Index

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Toronto

🇨🇦 Canada

$2,561

/mo nomad

Iquitos

🇵🇪 Peru

$663

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Iquitos

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Toronto and in Iquitos actually costs, broken down by who's living it.

A single person spends $2,561 per month in Toronto vs $663 in Iquitos, rent included.

Toronto $2,561
Iquitos $663

A couple spends around $3,694 per month in Toronto vs $1,185 in Iquitos, rent included.

Toronto $3,694
Iquitos $1,185

A family of three spends $4,826 per month in Toronto vs $1,707 in Iquitos, rent included.

Toronto $4,826
Iquitos $1,707

Toronto costs about 286% more than Iquitos, and outside of rent the biggest gap is in groceries.

Toronto sits 90% above the global median, while Iquitos is 51% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$17.18 CA$24.29

$4.31 PEN 14.81

298.61%

Three-Course Dinner for Two, Mid-Range

$76.0 CA$107

$38.44 PEN 132

97.63%

Fast Food Meal (McDonalds, etc)

$10.54 CA$14.89

$7.30 PEN 25.06

44.38%

Cappuccino

$4.02 CA$5.68

$3.57 PEN 12.26

12.61%

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

$2.12 CA$3.00

$0.85 PEN 2.92

149.41%

Water (0.33 liter bottle)

$1.75 CA$2.48

$0.56 PEN 1.91

212.50%

Local Beer (0.5 liter draught)

$6.24 CA$8.83

$2.82 PEN 9.69

121.28%

Imported Beer (0.33 liter bottle)

$7.09 CA$10.02

$7.41 PEN 25.45

-4.32%

Milk (1 liter)

$2.44 CA$3.45

$1.76 PEN 6.05

38.64%

White Bread (500g)

$2.68 CA$3.78

$2.30 PEN 7.91

16.52%

Rice (white) (1kg)

$2.24 CA$3.17

Eggs

$3.56 CA$5.03

$2.56 PEN 8.80

39.06%

Local Cheese (1kg)

$9.09 CA$12.85

Chicken Fillets (1kg)

$11.33 CA$16.01

$3.28 PEN 11.26

245.43%

Beef Round Steak (1kg)

$14.53 CA$20.55

Apples (1kg)

$3.62 CA$5.12

Banana (1kg)

$1.21 CA$1.72

Oranges (1kg)

$3.60 CA$5.09

Tomato (1kg)

$4.21 CA$5.96

Potato (1kg)

$1.79 CA$2.53

Onion (1kg)

$1.59 CA$2.25

Lettuce (1 head)

$2.27 CA$3.21

Water (1.5 liter bottle)

$1.25 CA$1.77

$0.89 PEN 3.07

40.45%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 CA$19.53

Wine (Bottle)

$14.27 CA$20.18

Local Beer (0.5 liter bottle)

$2.20 CA$3.10

Imported Beer (0.33 liter bottle)

$2.43 CA$3.44

One-way Ticket (Public Transport)

$2.39 CA$3.38

Public Transport Monthly Pass (Regular Price)

$111 CA$157

Taxi Start (Normal Tariff)

$2.91 CA$4.12

Taxi (Normal Tariff) (1km)

$1.20 CA$1.69

Taxi 1hour Waiting (Normal Tariff)

$21.38 CA$30.23

Gasoline (1 liter)

$1.21 CA$1.71

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

$28.2K CA$39.8K

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

$20.3K CA$28.6K

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

$120 CA$170

$34.73 PEN 119

246.53%

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

$32.26 CA$45.60

$11.34 PEN 38.95

184.48%

Internet (50+ Mbps, Unlimited Data)

$47.93 CA$67.8

$8.74 PEN 30.03

448.40%

Gym Membership (Monthly)

$38.48 CA$54.4

$29.05 PEN 99.8

32.46%

Tennis Court (1 Hour on Weekend)

$22.96 CA$32.46

$8.75 PEN 30.06

162.40%

Cinema Ticket

$12.38 CA$17.50

$5.64 PEN 19.37

119.50%

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

$830 CA$1,173

International Primary School, 1 Child (Yearly)

$23.1K CA$32.6K

$2,789 PEN 9,576

728.01%

Jeans (Levis 501 Or Similar)

$50.7 CA$71.7

$87.7 PEN 301

-42.18%

Summer Dress (H&M, Zara, etc)

$40.02 CA$56.6

$35.24 PEN 121

13.56%

Sport Shoes (Adidas, Nike)

$98.0 CA$139

$52.9 PEN 182

85.13%

Men's Leather Business Shoes

$121 CA$171

$26.21 PEN 90.0

360.32%

1-bedroom Apartment, City Center (Monthly)

$1,592 CA$2,251

$343 PEN 1,180

363.54%

1-bedroom Apartment, Outside City Center (Monthly)

$1,410 CA$1,994

$265 PEN 909

432.61%

3-bedroom Apartment, City Center (Monthly)

$2,670 CA$3,775

$882 PEN 3,029

202.76%

3-bedroom Apartment, Outside City Center (Monthly)

$2,152 CA$3,042

$712 PEN 2,445

202.16%

Buy Apartment in City Center (m2)

$7,945 CA$11.2K

Buy Apartment Outside City Center (m2)

$6,542 CA$9,249

Average Monthly Net Salary (After Tax)

$3,727 CA$5,269

$573 PEN 1,968

550.44%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.47

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

Last update for Toronto: October 12, 2026

Last update for Iquitos: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 55.1%

Iquitos

–

Groceries & Markets

Toronto

$340 13.3%

Iquitos

–

Eating Out

Toronto

$278 10.9%

Iquitos

–

Monthly Utilities & Internet

Toronto

$201 7.8%

Iquitos

–

Clothing & Footwear

Toronto

$139 5.4%

Iquitos

–

Getting Around

Toronto

$129 5.1%

Iquitos

–

Sport & Entertainment

Toronto

$63 2.5%

Iquitos

–

Cost Breakdown

A central one-bedroom costs $1,592 in Toronto versus $343 in Iquitos. 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 550% 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 $76.0 in Toronto versus $38.00 in Iquitos. Monthly groceries follow the same trend: $340 vs $78.0 – making Iquitos the more affordable choice for daily food spending.

Good to know

🇨🇦 Toronto

🇵🇪 Iquitos

🕒 Local time

10:53 10:53 AM

09:53 9:53 AM

1 h behind Toronto

🌤 Weather

👥 Population

2,731,571

32,853

💱 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 17, 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 17, 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

Toronto Iquitos 5,310 km ≈ 7 h nonstop flight

From you

Toronto
Iquitos

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

Toronto vs Iquitos: Cost of Living - Frequently Asked Questions

Yes – Toronto is pricier by about 286%, and outside of rent the gap shows up most in groceries.

For a comfortable life, plan on about $3,841 per month in Toronto and $994 in Iquitos. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Groceries cost about 335% more in Toronto, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A mid-range dinner for two costs $76.0 in Toronto and $38.00 in Iquitos. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

A $1,500 monthly budget goes further in Iquitos, where all-in costs run around $663, than in Toronto at $2,561. In Iquitos it covers expenses comfortably, while in Toronto it requires careful planning or may not stretch far enough.

Families tend to lean toward Iquitos – 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 Iquitos. 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.