Cost of Living in Toronto, Canada

Toronto has a cost of living index of 78/100 (New York = 100). It is 22% cheaper than New York. Data sourced live via AI — updated regularly.

78/100
Cost Index
$3,450/mo
Median Income
82/100
Safety Index
continental
Climate

Cost Breakdown by Category

HousingScore: 82/100
1-Bed Apartment (City Center)$1,456/month
1-Bed Apartment (Outside Center)$1,095/month
3-Bed Apartment (City Center)$2,800/month
Food & GroceriesScore: 68/100
Milk (1 liter)$2.1/liter
Bread (500g loaf)$3.2/loaf
Rice (1 kg)$2.5/kg
Dining OutScore: 62/100
Meal at Inexpensive Restaurant$20/meal
Meal for 2 (Mid-Range)$85/meal
McMeal at McDonald's$12/meal
TransportationScore: 60/100
Monthly Transit Pass$170/month
One-Way Ticket$3.2/trip
Taxi (1 km)$2.05/km
UtilitiesScore: 55/100
Basic (Elec, Heat, Water, Garbage) 85m2$180/month
Internet (60+ Mbps)$62/month
Mobile Plan (10GB+)$65/month
HealthcareScore: 65/100
Doctor Visit (15 min)$0/visit
Dentist Visit$125/visit
Prescription Medicine (avg)$18/course
EntertainmentScore: 58/100
Cinema Ticket (1 seat)$16/ticket
Theater Ticket$65/ticket
Museum Entry$20/ticket
FitnessScore: 55/100
Gym Membership (monthly)$65/month
Tennis Court Rent (1 hr)$28/hour
Swimming Pool (adult entry)$12/entry
Personal CareScore: 50/100
Haircut (Men)$28/cut
Haircut (Women)$65/cut
Shampoo (400ml)$7.5/bottle
ClothingScore: 62/100
Jeans (Levi's or similar)$85/pair
Summer Dress (Zara/H&M)$55/piece
Running Shoes (Nike/Adidas)$115/pair

Digital Nomad Profile

95 Mbps
Internet Speed
$350
Coworking/Month
excellent
Café WiFi
high
English Level
large
Nomad Community
78/100
Walkability

Best neighborhoods: King West, Queen West, Distillery District

Frequently Asked Questions

Is Toronto cheap to live in?

Toronto has a cost of living index of 78/100, where New York = 100. It is 22% cheaper than New York. A single person can live comfortably for approximately $1,560–$2,184 per month.

How much does rent cost in Toronto?

A 1-bedroom apartment in the city center of Toronto costs approximately $1,456/month. Outside the center, expect to pay around $1,095/month.

Is Toronto good for digital nomads?

Toronto has a large digital nomad community. Average internet speed is 95 Mbps, café wifi reliability is excellent, and coworking spaces run about $350/month. English proficiency is high.

What is the average salary in Toronto?

The median net monthly salary in Toronto is approximately $3,450 USD. The income tax rate is around 31%.

How does Toronto compare to New York for cost of living?

Toronto (cost index 78) is 22% cheaper than New York (cost index 100). You could save roughly $550/month by moving from New York to Toronto.

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