Last update: Oct 2026

Cost of Living Comparison Between Toronto and Miraflores

For one person, living is cheaper in Miraflores: $1,118 a month against $2,561 in Toronto, rent and utilities included – about $17,300 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
54

Cost of Living Index in Miraflores
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Miraflores Living Index

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Toronto

🇨🇦 Canada

$2,561

/mo nomad

Miraflores

🇵🇪 Peru

$1,118

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Miraflores

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

A single person spends $2,561 per month in Toronto vs $1,118 in Miraflores, rent included.

Toronto $2,561
Miraflores $1,118

A couple spends around $3,694 per month in Toronto vs $1,239 in Miraflores, rent included.

Toronto $3,694
Miraflores $1,239

A family of three spends $4,826 per month in Toronto vs $1,360 in Miraflores, rent included.

Toronto $4,826
Miraflores $1,360

Toronto costs about 129% more than Miraflores, and outside of rent the biggest gap is in eating out.

Toronto sits 90% above the global median, while Miraflores is 17% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$17.18 CA$24.29

$4.29 PEN 14.74

300.47%

Three-Course Dinner for Two, Mid-Range

$76.0 CA$107

$35.43 PEN 122

114.42%

Fast Food Meal (McDonalds, etc)

$10.54 CA$14.89

$5.32 PEN 18.25

98.12%

Cappuccino

$4.02 CA$5.68

$3.27 PEN 11.23

22.94%

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

$2.12 CA$3.00

$1.11 PEN 3.80

90.99%

Water (0.33 liter bottle)

$1.75 CA$2.48

$0.65 PEN 2.24

169.23%

Local Beer (0.5 liter draught)

$6.24 CA$8.83

$2.57 PEN 8.83

142.80%

Imported Beer (0.33 liter bottle)

$7.09 CA$10.02

$4.47 PEN 15.36

58.61%

Milk (1 liter)

$2.44 CA$3.45

$1.34 PEN 4.59

82.09%

White Bread (500g)

$2.68 CA$3.78

$1.17 PEN 4.03

129.06%

Rice (white) (1kg)

$2.24 CA$3.17

$1.30 PEN 4.48

72.31%

Eggs

$3.56 CA$5.03

$2.84 PEN 9.77

25.35%

Local Cheese (1kg)

$9.09 CA$12.85

$8.98 PEN 30.84

1.22%

Chicken Fillets (1kg)

$11.33 CA$16.01

$5.78 PEN 19.87

96.02%

Beef Round Steak (1kg)

$14.53 CA$20.55

$9.88 PEN 33.93

47.06%

Apples (1kg)

$3.62 CA$5.12

$2.07 PEN 7.10

74.88%

Banana (1kg)

$1.21 CA$1.72

$1.02 PEN 3.50

18.63%

Oranges (1kg)

$3.60 CA$5.09

$1.41 PEN 4.84

155.32%

Tomato (1kg)

$4.21 CA$5.96

$1.18 PEN 4.04

256.78%

Potato (1kg)

$1.79 CA$2.53

$0.88 PEN 3.02

103.41%

Onion (1kg)

$1.59 CA$2.25

$0.89 PEN 3.04

78.65%

Lettuce (1 head)

$2.27 CA$3.21

$0.83 PEN 2.84

173.49%

Water (1.5 liter bottle)

$1.25 CA$1.77

$0.61 PEN 2.09

104.92%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 CA$19.53

$5.67 PEN 19.48

143.74%

Wine (Bottle)

$14.27 CA$20.18

$8.65 PEN 29.70

64.97%

Local Beer (0.5 liter bottle)

$2.20 CA$3.10

$1.78 PEN 6.11

23.60%

Imported Beer (0.33 liter bottle)

$2.43 CA$3.44

$2.86 PEN 9.84

-15.03%

One-way Ticket (Public Transport)

$2.39 CA$3.38

$0.30 PEN 1.04

696.67%

Public Transport Monthly Pass (Regular Price)

$111 CA$157

Taxi Start (Normal Tariff)

$2.91 CA$4.12

$3.81 PEN 13.08

-23.62%

Taxi (Normal Tariff) (1km)

$1.20 CA$1.69

$2.05 PEN 7.03

-41.46%

Taxi 1hour Waiting (Normal Tariff)

$21.38 CA$30.23

$7.29 PEN 25.04

193.28%

Gasoline (1 liter)

$1.21 CA$1.71

$1.33 PEN 4.56

-9.02%

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

$28.2K CA$39.8K

$22.1K PEN 76.0K

27.33%

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

$20.3K CA$28.6K

$25.4K PEN 87.1K

-20.17%

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

$120 CA$170

$58.9 PEN 202

104.26%

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

$32.26 CA$45.60

$8.92 PEN 30.65

261.66%

Internet (50+ Mbps, Unlimited Data)

$47.93 CA$67.8

$27.50 PEN 94.5

74.29%

Gym Membership (Monthly)

$38.48 CA$54.4

$35.26 PEN 121

9.13%

Tennis Court (1 Hour on Weekend)

$22.96 CA$32.46

Cinema Ticket

$12.38 CA$17.50

$7.28 PEN 24.99

70.05%

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

$830 CA$1,173

$175 PEN 603

372.93%

International Primary School, 1 Child (Yearly)

$23.1K CA$32.6K

$13.1K PEN 45.0K

76.38%

Jeans (Levis 501 Or Similar)

$50.7 CA$71.7

$53.0 PEN 182

-4.32%

Summer Dress (H&M, Zara, etc)

$40.02 CA$56.6

$35.27 PEN 121

13.47%

Sport Shoes (Adidas, Nike)

$98.0 CA$139

$83.6 PEN 287

17.20%

Men's Leather Business Shoes

$121 CA$171

$79.9 PEN 274

50.98%

1-bedroom Apartment, City Center (Monthly)

$1,592 CA$2,251

$662 PEN 2,275

140.40%

1-bedroom Apartment, Outside City Center (Monthly)

$1,410 CA$1,994

$524 PEN 1,800

169.02%

3-bedroom Apartment, City Center (Monthly)

$2,670 CA$3,775

$1,596 PEN 5,481

67.29%

3-bedroom Apartment, Outside City Center (Monthly)

$2,152 CA$3,042

Buy Apartment in City Center (m2)

$7,945 CA$11.2K

$2,507 PEN 8,609

216.94%

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 Miraflores: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 55.1%

Miraflores

$524 46.9% 62.8% $886

Groceries & Markets

Toronto

$340 13.3%

Miraflores

$202 18.1% 40.5% $138

Eating Out

Toronto

$278 10.9%

Miraflores

$118 10.6% 57.5% $160

Monthly Utilities & Internet

Toronto

$201 7.8%

Miraflores

$95 8.5% 52.5% $105

Clothing & Footwear

Toronto

$139 5.4%

Miraflores

$113 10.1% 18.6% $26

Getting Around

Toronto

$129 5.1%

Miraflores

$15 * 1.4% 88.2% $114

Sport & Entertainment

Toronto

$63 2.5%

Miraflores

$50 4.5% 21.2% $13

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

Cost Breakdown

A central one-bedroom costs $1,592 in Toronto versus $662 in Miraflores. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $76.0 in Toronto versus $35.00 in Miraflores. Monthly groceries follow the same trend: $340 vs $202 – making Miraflores the more affordable choice for daily food spending.

Good to know

🇨🇦 Toronto

🇵🇪 Miraflores

🕒 Local time

12:39 12:39 PM

11:39 11:39 AM

1 h behind Toronto

🌤 Weather

👥 Population

2,731,571

99,337

💱 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 →

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Toronto Miraflores 6,210 km ≈ 8 h nonstop flight

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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 Miraflores: Cost of Living - Frequently Asked Questions

Yes – Toronto is pricier by about 129%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $3,841 per month in Toronto and $1,678 in Miraflores. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Miraflores, 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 $76.0 in Toronto and $35.00 in Miraflores. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 68% 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 $1,500 monthly budget goes further in Miraflores, where all-in costs run around $1,118, than in Toronto at $2,561. In Miraflores it covers expenses comfortably, while in Toronto it requires careful planning or may not stretch far enough.

Families tend to lean toward Miraflores – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Miraflores. 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.