Cost of living in Toronto

In Toronto, Canada, a single person typically needs around $2575 per month including rent. A family of four may spend about $5897 monthly.

How expensive is Toronto compared to other cities?

Toronto is 80% more expensive overall versus the European benchmark.

How does Toronto compare to your city?

Toronto is 28% cheaper than New York City, without rent.

Rent in Toronto is, on average, 41% lower than in New York City.

What drives the cost of living in Toronto?

Who is Toronto a good fit for?

Toronto is most realistic when moving with a strong job offer or relocation package. Without high income, the housing-driven price level can be difficult to sustain.

FAQ

Why is Toronto so expensive?

The high cost of living in Toronto is primarily driven by elevated rent and utilities. This makes it challenging for many to afford housing without substantial income.

Is food expensive in Toronto?

Yes, food costs are 31% higher compared to the European benchmark, impacting overall living expenses.

Is public transport affordable in Toronto?

No, public transport is 241% higher than the European benchmark, making it one of the more costly aspects of living in the city.

Cost of living breakdown

Cost of Living, one person, including rent
2575 $
Without Rent
1024 $
Rent & Utilities
1551 $
Food
626 $
Transport
255 $
Monthly Salary, after tax
3590 $
GDP per Capita
53,372 $
Freedom Index
8.55
Lifespan
81 years
Speak English
82%
Population
2.8M

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Update Prices

Restaurants

Lunch menu, inexpensive restaurant 16.4 $
Dinner 81.8 $
Fast food, McDonalds or KFC 11 $
Beer, 0.5 L or 16 fl oz 6.33 $
Capuccino 4.66 $
Coke, 330ml 2.14 $

Compare Toronto with:

Markets

Milk, 1 L or 1 qt 3.15 $
Bread, 0.5 kg or 1 lb 2.6 $
Rice, 1 kg or 2 lb 3.08 $
Eggs, 12 pack 3.95 $
Cheese, 1 kg or 2 lb 14 $
Chicken Breast, 1 kg or 2 lb 13 $
Round Steak, 1 kg or 2 lb 14 $
Apples, 1 kg or 2 lb 4.01 $
Banana, 1 kg or 2 lb 1.46 $
Oranges, 1 kg or 2 lb 3.58 $
Tomato, 1 kg or 2 lb 4.07 $
Potato, 1 kg or 2.2 lb 2.57 $
Onion, 1 kg or 2.2 lb 2.82 $
Water, 1 L or 1 qt 1.24 $
Coca-Cola / Pepsi, 2 L or 67.6 fl oz 2.48 $
Wine, 750 mL bottle 14.7 $
Beer, 0.5 L or 16 fl oz 2.7 $
Cigarette pack 14.1 $

Transportation

One-way Ticket 2.46 $
Monthly Pass 119 $
Gas or Petrol, 1l or 0.26 gal 1.15 $
Taxi, 8 km 16.3 $

Personal Care

Doctor Visit, private clinic 69.6 $
Cold medicine, for 1 week 13.9 $
Hair Shampoo, 400 ml or 12 oz. 7.04 $
Toilet paper, 4 rolls 3.36 $
Toothpaste, 1 tube 3.37 $

Utilities per Month

1 person, electricity, heating, water & garbage 81 $
Family of 4, electricity, heating, water & garbage 124 $
Internet plan, +60 Mbps 50.5 $

Rent per Month

1 Bedroom Apartment, outside of center, 40 sq.m 1,358 $
3 Bedroom Apartment, outside of center, 85 sq.m 2,388 $
1 Bedroom Apartment, in city center, 40 sq.m 1,664 $
3 Bedroom Apartment, in city center, 85 sq.m 2,901 $

Buy Apartment Price

Price per Square Meter to Buy Apartment, in city center 10,232 $
Price per Square Meter to Buy House, in suburbs 8,102 $

Salaries and Financing

Average Monthly Net Salary, after tax 3,59 $
Mortgage Interest Rate, for 20 years fixed-rate 6.43%

Sports and Leisure

Fitness Club, Monthly Fee for 1 Adult 56.8 $
Cinema, 1 seat 13.3 $
Haircut 23.3 $

Clothing and Shoes

Brand Sneakers, mid-range, Nike or similar 99.9 $
Brand Jeans, Levis 501 58.7 $

Childcare

Preschool, full day, monthly for 1 child 1,2 $
International Primary School, yearly for 1 child 18,156 $

Compare Toronto with other top cities

Cayman Islands
Toronto vs George Town (George Town is 42% more expensive)
Bahamas
Toronto vs Nassau (Nassau is 7% more expensive) Toronto vs Freeport (Freeport is 15% less expensive)
Vanuatu
Toronto vs Port Vila (Port Vila is 9% less expensive) Toronto vs Luganville (Luganville is 19% more expensive)
United States
Toronto vs New York City (New York City is 57% more expensive) Toronto vs Los Angeles (Los Angeles is 24% more expensive) Toronto vs Chicago (Chicago is 4% more expensive) Toronto vs Houston (Houston is 13% less expensive) Toronto vs Phoenix (Phoenix is 8% less expensive) Toronto vs Philadelphia (Philadelphia is 1% less expensive) Toronto vs San Antonio (San Antonio is 15% less expensive) Toronto vs San Diego (San Diego is 30% more expensive) Toronto vs Dallas (Dallas is 1% less expensive) Toronto vs San Jose (San Jose is 43% more expensive)
Canada
Toronto vs Toronto (Toronto has similar costs) Toronto vs Montreal (Montreal is 24% less expensive) Toronto vs Calgary (Calgary is 17% less expensive) Toronto vs Ottawa (Ottawa is 13% less expensive) Toronto vs Edmonton (Edmonton is 31% less expensive) Toronto vs Winnipeg (Winnipeg is 32% less expensive) Toronto vs Mississauga (Mississauga is 4% less expensive) Toronto vs Vancouver (Vancouver is 3% more expensive) Toronto vs Brampton (Brampton is 17% less expensive) Toronto vs Hamilton (Hamilton is 16% less expensive)
Barbados
Toronto vs Bridgetown (Bridgetown is 47% less expensive) Toronto vs Holetown (Holetown is 46% less expensive)
Panama
Toronto vs Panama City (Panama City is 46% less expensive) Toronto vs Colon (Colon is 54% less expensive) Toronto vs Tocumen (Tocumen is 52% less expensive) Toronto vs Santiago de Veraguas (Santiago de Veraguas is 59% less expensive) Toronto vs David (David is 68% less expensive) Toronto vs La Chorrera (La Chorrera is 63% less expensive) Toronto vs Balboa (Balboa is 51% less expensive) Toronto vs Pacora (Pacora is 51% less expensive) Toronto vs Chitre (Chitre is 58% less expensive) Toronto vs Penonome (Penonome is 57% less expensive)
Saint Kitts And Nevis
Toronto vs Basseterre (Basseterre is 52% less expensive) Toronto vs Cayon (Cayon is 52% less expensive)
Cuba
Toronto vs Havana (Havana is 60% less expensive) Toronto vs Santiago de Cuba (Santiago de Cuba is 45% less expensive) Toronto vs Holguin (Holguin is 50% less expensive) Toronto vs Camaguey (Camaguey is 41% less expensive) Toronto vs Santa Clara (Santa Clara is 59% less expensive) Toronto vs Bayamo (Bayamo is 55% less expensive) Toronto vs Guantanamo (Guantanamo is 39% less expensive) Toronto vs Las Tunas (Las Tunas is 40% less expensive) Toronto vs Pinar del Rio (Pinar del Rio is 57% less expensive) Toronto vs Cienfuegos (Cienfuegos is 66% less expensive)
Costa Rica
Toronto vs San Jose (San Jose is 52% less expensive) Toronto vs Limon (Limon is 53% less expensive) Toronto vs Liberia (Liberia is 65% less expensive) Toronto vs Alajuela (Alajuela is 52% less expensive) Toronto vs Puntarenas (Puntarenas is 50% less expensive) Toronto vs Cartago (Cartago is 63% less expensive) Toronto vs Heredia (Heredia is 52% less expensive) Toronto vs Tamarindo (Tamarindo is 34% less expensive) Toronto vs Santa Teresa (Santa Teresa is 49% less expensive)
Saint Lucia
Toronto vs Castries (Castries is 55% less expensive) Toronto vs Vieux Fort (Vieux Fort is 54% less expensive)
Jamaica
Toronto vs Kingston (Kingston is 49% less expensive) Toronto vs Spanish Town (Spanish Town is 70% less expensive) Toronto vs Montego Bay (Montego Bay is 60% less expensive) Toronto vs Half Way Tree (Half Way Tree is 55% less expensive) Toronto vs May Pen (May Pen is 68% less expensive) Toronto vs Mandeville (Mandeville is 62% less expensive) Toronto vs Old Harbour (Old Harbour is 67% less expensive) Toronto vs Linstead (Linstead is 59% less expensive) Toronto vs Savanna-la-Mar (Savanna-la-Mar is 56% less expensive) Toronto vs Port Antonio (Port Antonio is 56% less expensive)
El Salvador
Toronto vs San Salvador (San Salvador is 54% less expensive) Toronto vs Santa Ana (Santa Ana is 72% less expensive) Toronto vs Soyapango (Soyapango is 54% less expensive) Toronto vs San Miguel (San Miguel is 58% less expensive) Toronto vs Mejicanos (Mejicanos is 55% less expensive) Toronto vs Apopa (Apopa is 56% less expensive) Toronto vs Santa Tecla (Santa Tecla is 53% less expensive) Toronto vs Ahuachapan (Ahuachapan is 43% less expensive) Toronto vs Usulutan (Usulutan is 58% less expensive) Toronto vs Sonsonate (Sonsonate is 66% less expensive)
Antigua And Barbuda
Toronto vs St. John's (St. John's is 58% less expensive) Toronto vs All Saints (All Saints is 58% less expensive)
Grenada
Toronto vs St. George's (St. George's is 59% less expensive) Toronto vs Grenville (Grenville is 59% less expensive)
Dominica
Toronto vs Roseau (Roseau is 61% less expensive) Toronto vs Portsmouth (Portsmouth is 56% less expensive)
Saint Vincent
Toronto vs Kingstown (Kingstown is 62% less expensive) Toronto vs Georgetown (Georgetown is 61% less expensive)
Belize
Toronto vs Belize City (Belize City is 66% less expensive) Toronto vs San Ignacio (San Ignacio is 58% less expensive) Toronto vs Belmopan (Belmopan is 72% less expensive) Toronto vs San Pedro Town (San Pedro Town is 48% less expensive) Toronto vs Caye Caulker (Caye Caulker is 39% less expensive)
Guatemala
Toronto vs Guatemala City (Guatemala City is 61% less expensive) Toronto vs Mixco (Mixco is 75% less expensive) Toronto vs Coban (Coban is 65% less expensive) Toronto vs Quetzaltenango (Quetzaltenango is 70% less expensive) Toronto vs Jalapa (Jalapa is 65% less expensive) Toronto vs San Miguel Petapa (San Miguel Petapa is 65% less expensive) Toronto vs Momostenango (Momostenango is 66% less expensive) Toronto vs Mazatenango (Mazatenango is 66% less expensive) Toronto vs Flores (Flores is 67% less expensive) Toronto vs Panajachel (Panajachel is 69% less expensive)
Honduras
Toronto vs Tegucigalpa (Tegucigalpa is 68% less expensive) Toronto vs San Pedro Sula (San Pedro Sula is 60% less expensive) Toronto vs Choloma (Choloma is 77% less expensive) Toronto vs La Ceiba (La Ceiba is 75% less expensive) Toronto vs El Progreso (El Progreso is 66% less expensive) Toronto vs Villanueva (Villanueva is 66% less expensive) Toronto vs Comayagua (Comayagua is 72% less expensive) Toronto vs Puerto Cortes (Puerto Cortes is 72% less expensive) Toronto vs Yoro (Yoro is 71% less expensive) Toronto vs La Lima (La Lima is 66% less expensive)
Dominican Republic
Toronto vs Santiago de los Caballeros (Santiago de los Caballeros is 69% less expensive) Toronto vs Santo Domingo (Santo Domingo is 59% less expensive) Toronto vs Puerto Plata (Puerto Plata is 70% less expensive) Toronto vs Higuey (Higuey is 70% less expensive) Toronto vs La Vega (La Vega is 78% less expensive) Toronto vs San Cristobal (San Cristobal is 68% less expensive) Toronto vs San Pedro de Macoris (San Pedro de Macoris is 72% less expensive) Toronto vs San Francisco de Macoris (San Francisco de Macoris is 80% less expensive) Toronto vs San Juan de la Maguana (San Juan de la Maguana is 76% less expensive) Toronto vs Bonao (Bonao is 79% less expensive)
Nicaragua
Toronto vs Managua (Managua is 70% less expensive) Toronto vs Leon (Leon is 75% less expensive) Toronto vs Masaya (Masaya is 72% less expensive) Toronto vs Matagalpa (Matagalpa is 79% less expensive) Toronto vs Chinandega (Chinandega is 75% less expensive) Toronto vs Esteli (Esteli is 77% less expensive) Toronto vs Granada (Granada is 73% less expensive) Toronto vs Jinotega (Jinotega is 82% less expensive) Toronto vs Juigalpa (Juigalpa is 74% less expensive) Toronto vs San Juan del Sur (San Juan del Sur is 65% less expensive)