Last update: Oct 2026

Cost of Living Comparison Between Toronto and La Merced

For one person, living is cheaper in La Merced: $565 a month against $2,561 in Toronto, rent and utilities included – about $24,000 less a year. Rent and utilities account for most of the difference.

125

Cost of Living Index in Toronto
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Toronto Living Index
28

Cost of Living Index in La Merced
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La Merced Living Index

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Toronto

🇨🇦 Canada

$2,561

/mo nomad

La Merced

🇵🇪 Peru

$565

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in La Merced

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

A single person spends $2,561 per month in Toronto vs $565 in La Merced, rent included.

Toronto $2,561
La Merced $565

A couple spends around $3,694 per month in Toronto vs $917 in La Merced, rent included.

Toronto $3,694
La Merced $917

A family of three spends $4,826 per month in Toronto vs $1,269 in La Merced, rent included.

Toronto $4,826
La Merced $1,269

Toronto costs about 353% more than La Merced, and outside of rent the biggest gap is in eating out.

Toronto sits 90% above the global median, while La Merced is 58% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$17.18 CA$24.29

$4.38 PEN 15.04

292.24%

Three-Course Dinner for Two, Mid-Range

$76.0 CA$107

$34.69 PEN 119

119.00%

Fast Food Meal (McDonalds, etc)

$10.54 CA$14.89

$6.77 PEN 23.26

55.69%

Cappuccino

$4.02 CA$5.68

$3.16 PEN 10.84

27.22%

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

$2.12 CA$3.00

$1.07 PEN 3.67

98.13%

Water (0.33 liter bottle)

$1.75 CA$2.48

$0.64 PEN 2.20

173.44%

Local Beer (0.5 liter draught)

$6.24 CA$8.83

$2.60 PEN 8.93

140.00%

Imported Beer (0.33 liter bottle)

$7.09 CA$10.02

$4.33 PEN 14.87

63.74%

Milk (1 liter)

$2.44 CA$3.45

$1.63 PEN 5.60

49.69%

White Bread (500g)

$2.68 CA$3.78

$1.98 PEN 6.79

35.35%

Rice (white) (1kg)

$2.24 CA$3.17

$1.28 PEN 4.40

75.00%

Eggs

$3.56 CA$5.03

$2.34 PEN 8.04

52.14%

Local Cheese (1kg)

$9.09 CA$12.85

$7.09 PEN 24.34

28.21%

Chicken Fillets (1kg)

$11.33 CA$16.01

$5.88 PEN 20.21

92.69%

Beef Round Steak (1kg)

$14.53 CA$20.55

$8.65 PEN 29.69

67.98%

Apples (1kg)

$3.62 CA$5.12

$1.01 PEN 3.45

258.42%

Banana (1kg)

$1.21 CA$1.72

$0.46 PEN 1.58

163.04%

Oranges (1kg)

$3.60 CA$5.09

$0.28 PEN 0.95

1185.71%

Tomato (1kg)

$4.21 CA$5.96

$0.75 PEN 2.57

461.33%

Potato (1kg)

$1.79 CA$2.53

$0.30 PEN 1.05

496.67%

Onion (1kg)

$1.59 CA$2.25

$0.42 PEN 1.45

278.57%

Lettuce (1 head)

$2.27 CA$3.21

$0.61 PEN 2.08

272.13%

Water (1.5 liter bottle)

$1.25 CA$1.77

$0.91 PEN 3.14

37.36%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 CA$19.53

$5.61 PEN 19.25

146.35%

Wine (Bottle)

$14.27 CA$20.18

$7.36 PEN 25.26

93.89%

Local Beer (0.5 liter bottle)

$2.20 CA$3.10

$1.87 PEN 6.43

17.65%

Imported Beer (0.33 liter bottle)

$2.43 CA$3.44

$3.23 PEN 11.10

-24.77%

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

$3.82 PEN 13.12

-23.82%

Taxi (Normal Tariff) (1km)

$1.20 CA$1.69

$2.08 PEN 7.14

-42.31%

Taxi 1hour Waiting (Normal Tariff)

$21.38 CA$30.23

$7.40 PEN 25.41

188.92%

Gasoline (1 liter)

$1.21 CA$1.71

$1.74 PEN 5.97

-30.46%

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

$28.2K CA$39.8K

$22.1K PEN 76.0K

27.35%

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

$20.3K CA$28.6K

$25.5K PEN 87.5K

-20.53%

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

$120 CA$170

$72.8 PEN 250

65.23%

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

$32.26 CA$45.60

$16.49 PEN 56.6

95.63%

Internet (50+ Mbps, Unlimited Data)

$47.93 CA$67.8

$27.80 PEN 95.5

72.41%

Gym Membership (Monthly)

$38.48 CA$54.4

Tennis Court (1 Hour on Weekend)

$22.96 CA$32.46

Cinema Ticket

$12.38 CA$17.50

$7.34 PEN 25.22

68.66%

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

$830 CA$1,173

$181 PEN 622

358.00%

International Primary School, 1 Child (Yearly)

$23.1K CA$32.6K

$13.2K PEN 45.3K

74.97%

Jeans (Levis 501 Or Similar)

$50.7 CA$71.7

$52.6 PEN 181

-3.52%

Summer Dress (H&M, Zara, etc)

$40.02 CA$56.6

$35.20 PEN 121

13.69%

Sport Shoes (Adidas, Nike)

$98.0 CA$139

$82.0 PEN 282

19.42%

Men's Leather Business Shoes

$121 CA$171

$79.1 PEN 272

52.51%

1-bedroom Apartment, City Center (Monthly)

$1,592 CA$2,251

1-bedroom Apartment, Outside City Center (Monthly)

$1,410 CA$1,994

3-bedroom Apartment, City Center (Monthly)

$2,670 CA$3,775

3-bedroom Apartment, Outside City Center (Monthly)

$2,152 CA$3,042

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

20-Year Fixed Mortgage Interest Rate (Annual %)

4.47

8.94

-50.00%

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

Last update for Toronto: October 12, 2026

Last update for La Merced: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 55.1%

La Merced

- * 0% 100%

Groceries & Markets

Toronto

$340 13.3%

La Merced

$186 32.8% 45.4% $154

Eating Out

Toronto

$278 10.9%

La Merced

$122 21.5% 56.2% $156

Monthly Utilities & Internet

Toronto

$201 7.8%

La Merced

$117 20.7% 41.6% $83

Clothing & Footwear

Toronto

$139 5.4%

La Merced

$112 19.8% 19.5% $27

Getting Around

Toronto

$129 5.1%

La Merced

$14 * 2.5% 89% $115

Sport & Entertainment

Toronto

$63 2.5%

La Merced

$15 * 2.6% 76.8% $49

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A mid-range dinner for two costs $76.0 in Toronto versus $35.00 in La Merced. Monthly groceries follow the same trend: $340 vs $186 – making La Merced the more affordable choice for daily food spending.

Good to know

🇨🇦 Toronto

🇵🇪 La Merced

🕒 Local time

15:49 3:49 PM

14:49 2:49 PM

1 h behind Toronto

🌤 Weather

👥 Population

2,731,571

8,000

💱 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 La Merced 5,940 km ≈ 8 h nonstop flight

From you

Toronto
La Merced

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 La Merced: Cost of Living - Frequently Asked Questions

Toronto costs about 353% more than La Merced, and outside of rent the gap comes mainly from eating out. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $3,841 per month in Toronto and $848 in La Merced. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Monthly expenses with rent come to $2,561 in Toronto and $565 in La Merced. That's a gap of about 353%.

Kindergarten costs $830 per month in Toronto and $181 in La Merced. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $1,000 monthly budget goes further in La Merced, where all-in costs run around $565, than in Toronto at $2,561. In La Merced it covers expenses comfortably, while in Toronto it requires careful planning or may not stretch far enough.

Families tend to lean toward La Merced – 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 La Merced. 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.