Last update: Nov 2026

Cost of Living Comparison Between Toronto and Merida, Venezuela

Name: Merida
Address: Merida, VE

For one person, living is cheaper in Merida: $814 a month against $2,599 in Toronto, rent and utilities included – about $21,400 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
39

Cost of Living Index in Merida
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Merida Living Index

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Toronto

🇨🇦 Canada

$2,599

/mo nomad

Merida

🇻🇪 Venezuela

$814

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Merida

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

A single person spends $2,599 per month in Toronto vs $814 in Merida, rent included.

Toronto $2,599
Merida $814

A couple spends around $3,700 per month in Toronto vs $1,415 in Merida, rent included.

Toronto $3,700
Merida $1,415

A family of three spends $4,801 per month in Toronto vs $2,015 in Merida, rent included.

Toronto $4,801
Merida $2,015

Toronto costs about 219% more than Merida, and outside of rent the biggest gap is in transport.

Toronto sits 92% above the global median, while Merida is 40% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$17.98 CA$25.12

$12.12 VES 10.8K

48.35%

Three-Course Dinner for Two, Mid-Range

$72.3 CA$101

$58.9 VES 52.5K

22.68%

Fast Food Meal (McDonalds, etc)

$10.83 CA$15.13

$11.14 VES 9,928

-2.78%

Cappuccino

$4.34 CA$6.07

$2.44 VES 2,176

77.87%

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

$2.16 CA$3.02

$2.14 VES 1,903

0.93%

Water (0.33 liter bottle)

$1.66 CA$2.32

$1.31 VES 1,164

26.72%

Local Beer (0.5 liter draught)

$6.35 CA$8.87

$2.04 VES 1,815

211.27%

Imported Beer (0.33 liter bottle)

$7.34 CA$10.26

$2.96 VES 2,642

147.97%

Milk (1 liter)

$2.57 CA$3.59

$2.05 VES 1,823

25.37%

White Bread (500g)

$2.71 CA$3.78

$3.26 VES 2,900

-16.87%

Rice (white) (1kg)

$2.28 CA$3.18

$1.92 VES 1,713

18.75%

Eggs

$3.60 CA$5.04

$2.50 VES 2,231

44.00%

Local Cheese (1kg)

$8.94 CA$12.50

$6.78 VES 6,037

31.86%

Chicken Fillets (1kg)

$11.19 CA$15.63

$7.84 VES 6,988

42.73%

Beef Round Steak (1kg)

$15.23 CA$21.27

$7.60 VES 6,773

100.39%

Apples (1kg)

$3.74 CA$5.23

$5.02 VES 4,476

-25.50%

Banana (1kg)

$1.23 CA$1.71

$1.40 VES 1,247

-12.14%

Oranges (1kg)

$3.58 CA$5.00

$2.80 VES 2,497

27.86%

Tomato (1kg)

$4.25 CA$5.94

$2.27 VES 2,023

87.22%

Potato (1kg)

$1.94 CA$2.71

$2.06 VES 1,837

-5.83%

Onion (1kg)

$1.67 CA$2.33

$1.31 VES 1,169

27.48%

Lettuce (1 head)

$2.30 CA$3.21

$1.50 VES 1,334

53.33%

Water (1.5 liter bottle)

$1.26 CA$1.76

$2.53 VES 2,250

-50.20%

Cigarettes 20 Pack (Marlboro, Camel)

$14.19 CA$19.83

$3.71 VES 3,307

282.48%

Wine (Bottle)

$14.25 CA$19.91

$10.91 VES 9,725

30.61%

Local Beer (0.5 liter bottle)

$2.28 CA$3.19

$1.40 VES 1,247

62.86%

Imported Beer (0.33 liter bottle)

$2.58 CA$3.61

$2.20 VES 1,963

17.27%

One-way Ticket (Public Transport)

$2.35 CA$3.29

$0.31 VES 280

658.06%

Public Transport Monthly Pass (Regular Price)

$111 CA$155

Taxi Start (Normal Tariff)

$3.01 CA$4.21

$4.11 VES 3,663

-26.76%

Taxi (Normal Tariff) (1km)

$1.22 CA$1.71

$1.52 VES 1,359

-19.74%

Taxi 1hour Waiting (Normal Tariff)

$21.82 CA$30.49

$5.93 VES 5,280

267.96%

Gasoline (1 liter)

$1.23 CA$1.72

$0.73 VES 651

68.49%

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

$27.0K CA$37.7K

$44.6K VES 39.7M

-39.55%

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

$21.8K CA$30.5K

$49.2K VES 43.8M

-55.61%

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

$121 CA$169

$12.43 VES 11.1K

871.68%

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

$33.10 CA$46.25

$10.35 VES 9,218

219.81%

Internet (50+ Mbps, Unlimited Data)

$49.09 CA$68.6

$30.13 VES 26.8K

62.93%

Gym Membership (Monthly)

$36.65 CA$51.2

$29.77 VES 26.5K

23.11%

Tennis Court (1 Hour on Weekend)

$25.01 CA$34.94

$15.15 VES 13.5K

65.08%

Cinema Ticket

$12.78 CA$17.85

$4.96 VES 4,421

157.66%

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

$754 CA$1,054

$87.0 VES 77.5K

766.97%

International Primary School, 1 Child (Yearly)

$33.7K CA$47.1K

$2,440 VES 2.2M

1280.47%

Jeans (Levis 501 Or Similar)

$50.4 CA$70.4

$74.6 VES 66.4K

-32.42%

Summer Dress (H&M, Zara, etc)

$41.43 CA$57.9

$42.01 VES 37.4K

-1.38%

Sport Shoes (Adidas, Nike)

$101 CA$141

$98.5 VES 87.8K

2.74%

Men's Leather Business Shoes

$130 CA$182

$96.3 VES 85.8K

35.19%

1-bedroom Apartment, City Center (Monthly)

$1,590 CA$2,221

$136 VES 120.9K

1071.60%

1-bedroom Apartment, Outside City Center (Monthly)

$1,424 CA$1,990

$91.5 VES 81.5K

1456.73%

3-bedroom Apartment, City Center (Monthly)

$2,641 CA$3,690

$222 VES 197.7K

1090.31%

3-bedroom Apartment, Outside City Center (Monthly)

$2,090 CA$2,920

$192 VES 171.2K

987.67%

Buy Apartment in City Center (m2)

$7,730 CA$10.8K

$1,192 VES 1.1M

548.69%

Buy Apartment Outside City Center (m2)

$6,892 CA$9,629

$1,216 VES 1.1M

466.96%

Average Monthly Net Salary (After Tax)

$3,623 CA$5,062

$286 VES 254.8K

1166.83%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.45

-82.20%

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

Last update for Toronto: November 2, 2026

Last update for Merida: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 54.8%

Merida

$91 11.2% 93.6% $1.3K

Groceries & Markets

Toronto

$345 13.3%

Merida

$287 35.3% 16.7% $57

Eating Out

Toronto

$290 11.2%

Merida

$190 23.3% 34.7% $101

Monthly Utilities & Internet

Toronto

$203 7.8%

Merida

$53 6.5% 73.9% $150

Clothing & Footwear

Toronto

$145 5.6%

Merida

$140 17.2% 3.7% $5.3

Getting Around

Toronto

$130 5%

Merida

$13 * 1.6% 90% $117

Sport & Entertainment

Toronto

$62 2.4%

Merida

$40 4.9% 36.2% $23

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

Cost Breakdown

A central one-bedroom costs $1,590 in Toronto versus $136 in Merida. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries in Toronto are about 13 times higher. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $72 in Toronto versus $59 in Merida. Monthly groceries follow the same trend: $345 vs $287 – making Merida the more affordable choice for daily food spending.

Good to know

🇨🇦 Toronto

🇻🇪 Merida

🕒 Local time

16:34 4:34 PM

17:34 5:34 PM

1 h ahead of Toronto

🌤 Weather

👥 Population

2,731,571

250,303

💱 Currency

Canadian Dollar CAD $

Venezuelan Bolívar VES Bs.S

📈 Exchange rate

1 CAD = 0.716 USD

1 CAD = 0.638 EUR

10,000 VES = 11.22 USD

10,000 VES = 10 EUR

Exchange rates and currency converter

VES, USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of November 5, 2026: 1 USD = 1.4 CAD (1 CAD = 0.716 USD). 1 EUR = 1.57 CAD (1 CAD = 0.638 EUR).

Venezuelan Bolívar exchange rates as of November 5, 2026: 1 USD = 891 VES (1,000 VES = 1.12 USD). 1 EUR = 1,000 VES (10,000 VES = 10 EUR).

USD to CAD in detail →

On the map

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Highest

Between locations

Toronto Merida 3,980 km ≈ 5 h nonstop flight

From you

Toronto
Merida

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 Merida: Cost of Living - Frequently Asked Questions

Toronto costs about 219% more than Merida, 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 $3,899 per month in Toronto and $1,221 in Merida. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Merida, especially for central apartments: a one-bedroom in the center costs $136 there versus $1,590 in Toronto.

Monthly expenses with rent come to $2,599 in Toronto and $814 in Merida. That makes Merida about 69% cheaper.

Kindergarten costs $754 per month in Toronto and $87 in Merida. For families with young kids, this one expense can tip the scales when choosing between the two cities.

$800 is a stretch for both – monthly costs hit $2,599 in Toronto and $814 in Merida. You’ll need shared housing and careful budgeting no matter which city you pick.

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