Last update: Oct 2026

Cost of Living Comparison Between Toronto and Terrace

For one person, living is cheaper in Terrace: $1,887 a month against $2,561 in Toronto, rent and utilities included – about $8,100 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
91

Cost of Living Index in Terrace
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Terrace Living Index

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Toronto

🇨🇦 Canada

$2,561

/mo nomad

Terrace

🇨🇦 Canada

$1,887

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Terrace

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

A single person spends $2,561 per month in Toronto vs $1,887 in Terrace, rent included.

Toronto $2,561
Terrace $1,887

A couple spends around $3,694 per month in Toronto vs $2,853 in Terrace, rent included.

Toronto $3,694
Terrace $2,853

A family of three spends $4,826 per month in Toronto vs $3,819 in Terrace, rent included.

Toronto $4,826
Terrace $3,819

Toronto costs about 36% more than Terrace, and outside of rent the biggest gap is in transport.

Both Toronto and Terrace sit above the global median – Toronto by 90%, Terrace by 40%.

Meal at Budget Restaurant

$17.18 CA$24.29

$17.53 CA$24.78

-2.00%

Three-Course Dinner for Two, Mid-Range

$76.0 CA$107

$79.9 CA$113

-4.89%

Fast Food Meal (McDonalds, etc)

$10.54 CA$14.89

$9.87 CA$13.95

6.79%

Cappuccino

$4.02 CA$5.68

$3.93 CA$5.55

2.29%

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

$2.12 CA$3.00

$2.09 CA$2.95

1.44%

Water (0.33 liter bottle)

$1.75 CA$2.48

$1.62 CA$2.29

8.02%

Local Beer (0.5 liter draught)

$6.24 CA$8.83

$5.19 CA$7.34

20.23%

Imported Beer (0.33 liter bottle)

$7.09 CA$10.02

$6.15 CA$8.69

15.28%

Milk (1 liter)

$2.44 CA$3.45

$2.25 CA$3.19

8.44%

White Bread (500g)

$2.68 CA$3.78

$2.63 CA$3.72

1.90%

Rice (white) (1kg)

$2.24 CA$3.17

$5.10 CA$7.21

-56.08%

Eggs

$3.56 CA$5.03

$3.60 CA$5.10

-1.11%

Local Cheese (1kg)

$9.09 CA$12.85

$8.81 CA$12.45

3.18%

Chicken Fillets (1kg)

$11.33 CA$16.01

$15.36 CA$21.71

-26.24%

Beef Round Steak (1kg)

$14.53 CA$20.55

$13.51 CA$19.10

7.55%

Apples (1kg)

$3.62 CA$5.12

$4.06 CA$5.73

-10.84%

Banana (1kg)

$1.21 CA$1.72

Oranges (1kg)

$3.60 CA$5.09

$2.99 CA$4.23

20.40%

Tomato (1kg)

$4.21 CA$5.96

$3.67 CA$5.20

14.71%

Potato (1kg)

$1.79 CA$2.53

$3.14 CA$4.44

-42.99%

Onion (1kg)

$1.59 CA$2.25

$3.13 CA$4.43

-49.20%

Lettuce (1 head)

$2.27 CA$3.21

$2.37 CA$3.36

-4.22%

Water (1.5 liter bottle)

$1.25 CA$1.77

$1.01 CA$1.43

23.76%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 CA$19.53

$11.27 CA$15.94

22.63%

Wine (Bottle)

$14.27 CA$20.18

$13.44 CA$18.99

6.18%

Local Beer (0.5 liter bottle)

$2.20 CA$3.10

$2.09 CA$2.96

5.26%

Imported Beer (0.33 liter bottle)

$2.43 CA$3.44

$1.78 CA$2.52

36.52%

One-way Ticket (Public Transport)

$2.39 CA$3.38

$1.38 CA$1.95

73.19%

Public Transport Monthly Pass (Regular Price)

$111 CA$157

$31.40 CA$44.40

253.28%

Taxi Start (Normal Tariff)

$2.91 CA$4.12

$3.30 CA$4.66

-11.82%

Taxi (Normal Tariff) (1km)

$1.20 CA$1.69

$1.50 CA$2.12

-20.00%

Taxi 1hour Waiting (Normal Tariff)

$21.38 CA$30.23

$20.03 CA$28.31

6.74%

Gasoline (1 liter)

$1.21 CA$1.71

$1.22 CA$1.72

-0.82%

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

$28.2K CA$39.8K

$27.8K CA$39.3K

1.33%

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

$20.3K CA$28.6K

$18.7K CA$26.5K

8.18%

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

$120 CA$170

$93.2 CA$132

29.08%

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

$32.26 CA$45.60

$38.92 CA$55.0

-17.11%

Internet (50+ Mbps, Unlimited Data)

$47.93 CA$67.8

$58.3 CA$82.5

-17.84%

Gym Membership (Monthly)

$38.48 CA$54.4

$40.14 CA$56.7

-4.14%

Tennis Court (1 Hour on Weekend)

$22.96 CA$32.46

$16.45 CA$23.26

39.57%

Cinema Ticket

$12.38 CA$17.50

$8.91 CA$12.60

38.95%

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

$830 CA$1,173

$733 CA$1,037

13.18%

International Primary School, 1 Child (Yearly)

$23.1K CA$32.6K

$13.4K CA$18.9K

72.31%

Jeans (Levis 501 Or Similar)

$50.7 CA$71.7

$36.65 CA$51.8

38.36%

Summer Dress (H&M, Zara, etc)

$40.02 CA$56.6

$30.29 CA$42.82

32.12%

Sport Shoes (Adidas, Nike)

$98.0 CA$139

$79.8 CA$113

22.82%

Men's Leather Business Shoes

$121 CA$171

$104 CA$147

16.28%

1-bedroom Apartment, City Center (Monthly)

$1,592 CA$2,251

$992 CA$1,402

60.56%

1-bedroom Apartment, Outside City Center (Monthly)

$1,410 CA$1,994

$845 CA$1,194

66.93%

3-bedroom Apartment, City Center (Monthly)

$2,670 CA$3,775

$1,556 CA$2,200

71.61%

3-bedroom Apartment, Outside City Center (Monthly)

$2,152 CA$3,042

$1,325 CA$1,874

62.33%

Buy Apartment in City Center (m2)

$7,945 CA$11.2K

$4,127 CA$5,835

92.51%

Buy Apartment Outside City Center (m2)

$6,542 CA$9,249

$3,426 CA$4,843

90.98%

Average Monthly Net Salary (After Tax)

$3,727 CA$5,269

$3,096 CA$4,376

20.39%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.47

5.05

-11.49%

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

Last update for Toronto: October 12, 2026

Last update for Terrace: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 55.1%

Terrace

$845 44.8% 40.1% $565

Groceries & Markets

Toronto

$340 13.3%

Terrace

$364 19.3% 7% $24

Eating Out

Toronto

$278 10.9%

Terrace

$270 14.3% 2.9% $8.2

Monthly Utilities & Internet

Toronto

$201 7.8%

Terrace

$191 10.1% 5% $10

Clothing & Footwear

Toronto

$139 5.4%

Terrace

$113 6% 19% $27

Getting Around

Toronto

$129 5.1%

Terrace

$48 2.5% 63.1% $82

Sport & Entertainment

Toronto

$63 2.5%

Terrace

$58 3.1% 8.3% $5.3

Cost Breakdown

A central one-bedroom costs $1,592 in Toronto versus $992 in Terrace. 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 20% 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 $80.0 in Terrace. Monthly groceries follow the same trend: $340 vs $364 – making Toronto the more affordable choice for daily food spending.

Good to know

🇨🇦 Toronto

🇨🇦 Terrace

🕒 Local time

15:24 3:24 PM

12:24 12:24 PM

3 h behind Toronto

🌤 Weather

👥 Population

2,731,571

19,443

💱 Currency

Canadian Dollar CAD $

📈 Exchange rate

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

Exchange rates and currency converter

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Between locations

Toronto Terrace 3,700 km ≈ 5 h nonstop flight

From you

Toronto
Terrace

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

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Digital Nomad Cost of Living Index

Toronto vs Terrace: Cost of Living - Frequently Asked Questions

Toronto costs about 36% more than Terrace, 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 $3,841 per month in Toronto and $2,831 in Terrace. 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 $76.0 in Toronto and $80.0 in Terrace. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $2,561 in Toronto and $1,887 in Terrace. That's a gap of about 36%.

A $2,000 monthly budget goes further in Terrace, where all-in costs run around $1,887, than in Toronto at $2,561. 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.