Cost of Living Comparison Between Toronto and Terrace Cost of Living Comparison Between Toronto and Terrace

Monthly Cost of Living

A single person spends $2,628 per month in Toronto vs $1,918 in Terrace, rent included.

A couple spends around $3,848 per month in Toronto vs $2,938 in Terrace, rent included.

A family of three spends $5,067 per month in Toronto vs $3,958 in Terrace, rent included.

Toronto costs about 37% more than Terrace, driven mainly by Getting Around.

Both Toronto and Terrace sit above the global median – Toronto by 91%, Terrace by 40%.

Meal at Budget Restaurant

$17.88 CA$24.66

$17.93 CA$24.73

-0.28%

Three-Course Dinner for Two, Mid-Range

$87.9 CA$121

$82.4 CA$114

6.64%

Fast Food Meal (McDonalds, etc)

$10.93 CA$15.08

$10.28 CA$14.17

6.32%

Cappuccino

$4.06 CA$5.60

$4.12 CA$5.68

-1.46%

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

$2.18 CA$3.01

Water (0.33 liter bottle)

$1.70 CA$2.34

$1.82 CA$2.51

-6.59%

Local Beer (0.5 liter draught)

$6.69 CA$9.22

$5.31 CA$7.33

25.99%

Imported Beer (0.33 liter bottle)

$7.35 CA$10.13

$5.27 CA$7.27

39.47%

Milk (1 liter)

$2.78 CA$3.83

$2.39 CA$3.29

16.32%

White Bread (500g)

$2.89 CA$3.99

$2.62 CA$3.61

10.31%

Rice (white) (1kg)

$2.56 CA$3.54

$5.44 CA$7.51

-52.94%

Eggs

$3.79 CA$5.22

$3.71 CA$5.11

2.16%

Local Cheese (1kg)

$10.17 CA$14.02

$8.98 CA$12.38

13.25%

Chicken Fillets (1kg)

$11.95 CA$16.48

$15.72 CA$21.68

-23.98%

Beef Round Steak (1kg)

$16.12 CA$22.23

$13.62 CA$18.78

18.36%

Apples (1kg)

$3.89 CA$5.37

$4.34 CA$5.98

-10.37%

Banana (1kg)

$1.27 CA$1.76

$1.24 CA$1.72

2.42%

Oranges (1kg)

$3.88 CA$5.35

$3.22 CA$4.44

20.50%

Tomato (1kg)

$4.33 CA$5.97

$3.89 CA$5.36

11.31%

Potato (1kg)

$1.83 CA$2.52

$3.34 CA$4.61

-45.21%

Onion (1kg)

$1.50 CA$2.06

$3.13 CA$4.31

-52.08%

Lettuce (1 head)

$2.28 CA$3.14

$2.47 CA$3.40

-7.69%

Water (1.5 liter bottle)

$1.44 CA$1.98

$1.01 CA$1.39

42.57%

Cigarettes 20 Pack (Marlboro, Camel)

$14.20 CA$19.58

$11.67 CA$16.09

21.68%

Wine (Bottle)

$14.24 CA$19.64

$13.66 CA$18.83

4.25%

Local Beer (0.5 liter bottle)

$2.25 CA$3.10

$2.24 CA$3.10

0.45%

Imported Beer (0.33 liter bottle)

$2.53 CA$3.49

$1.83 CA$2.53

38.25%

One-way Ticket (Public Transport)

$2.47 CA$3.41

$1.45 CA$2.00

70.34%

Public Transport Monthly Pass (Regular Price)

$112 CA$154

$31.34 CA$43.22

257.24%

Taxi Start (Normal Tariff)

$3.05 CA$4.20

$3.33 CA$4.59

-8.41%

Taxi (Normal Tariff) (1km)

$1.24 CA$1.70

$1.59 CA$2.19

-22.01%

Taxi 1hour Waiting (Normal Tariff)

$22.44 CA$30.94

$21.79 CA$30.05

2.98%

Gasoline (1 liter)

$1.24 CA$1.70

$1.21 CA$1.68

2.48%

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

$27.5K CA$37.9K

$28.0K CA$38.6K

-1.64%

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

$21.1K CA$29.2K

$19.3K CA$26.6K

9.50%

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

$128 CA$176

$95.3 CA$131

33.87%

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

$33.79 CA$46.59

$39.88 CA$55.0

-15.27%

Internet (50+ Mbps, Unlimited Data)

$49.25 CA$67.9

$62.1 CA$85.7

-20.74%

Gym Membership (Monthly)

$40.93 CA$56.5

$42.51 CA$58.6

-3.72%

Tennis Court (1 Hour on Weekend)

$24.62 CA$33.95

$16.92 CA$23.34

45.51%

Cinema Ticket

$13.16 CA$18.15

$9.11 CA$12.56

44.46%

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

$792 CA$1,093

$774 CA$1,068

2.34%

International Primary School, 1 Child (Yearly)

$24.1K CA$33.3K

$14.6K CA$20.1K

65.23%

Jeans (Levis 501 Or Similar)

$54.5 CA$75.2

$37.31 CA$51.4

46.13%

Summer Dress (H&M, Zara, etc)

$43.11 CA$59.5

$30.94 CA$42.66

39.33%

Sport Shoes (Adidas, Nike)

$102 CA$140

$80.5 CA$111

26.07%

Men's Leather Business Shoes

$123 CA$170

$102 CA$141

20.46%

1-bedroom Apartment, City Center (Monthly)

$1,653 CA$2,279

$1,046 CA$1,442

58.02%

1-bedroom Apartment, Outside City Center (Monthly)

$1,452 CA$2,002

$864 CA$1,191

68.01%

3-bedroom Apartment, City Center (Monthly)

$2,694 CA$3,716

$1,649 CA$2,273

63.44%

3-bedroom Apartment, Outside City Center (Monthly)

$2,149 CA$2,964

$1,342 CA$1,851

60.15%

Buy Apartment in City Center (m2)

$8,347 CA$11.5K

$4,352 CA$6,002

91.80%

Buy Apartment Outside City Center (m2)

$6,816 CA$9,399

$4,082 CA$5,630

66.96%

Average Monthly Net Salary (After Tax)

$3,614 CA$4,984

$3,266 CA$4,504

10.66%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.49

5.05

-11.09%

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

Last update for Toronto: August 30, 2026

Last update for Terrace: August 30, 2026

Cost Breakdown

A central one-bedroom costs $1,653 in Toronto versus $1,046 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 11% 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 $88.0 in Toronto versus $82.0 in Terrace. Groceries tell a different story – $365 in Toronto vs $375 in Terrace – so Toronto wins on supermarket bills even if dining out costs more.

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 Terrace: Cost of Living - Frequently Asked Questions

Toronto costs about 37% more than Terrace, with the gap driven mainly by Getting Around. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $3,942 per month in Toronto and $2,877 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 $88.0 in Toronto and $82.0 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 $2,628 in Toronto and $1,918 in Terrace. The difference isn't just one category – it shows up across housing, food, transport, and services.

A $2,000 monthly budget goes further in Terrace, where all-in costs run around $1,918, than in Toronto at $2,628. 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.