Toronto vs Florence

Cost of living comparison for 2026. Florence is roughly 4% more affordable than Toronto (index 75 vs 78, New York = 100). Data sourced live via AI — updated regularly.

Florence
More affordable overall
4% cheaper than Toronto · Cost index: 75 vs 78

Head-to-Head Stats

78Cost Index75
3,450Median Income /mo1,850
82Safety Index72
31Income Tax %28
95Internet (Mbps)75
350Coworking /mo250

Price Breakdown

TorontoCategoryFlorence
$1,456/month
1-BR Apartment (Center)
3% cheaper →
$1,500/month
$2.1/liter
Meal for One
36% ← cheaper
$1.35/liter
$20/meal
Restaurant (Mid-range)
10% ← cheaper
$18/meal
$170/month
Monthly Transit Pass
53% ← cheaper
$80/month
$180/month
Utilities (Monthly)
$180/month
$0/visit
Doctor Visit
$60/visit

Digital Nomad Profile

Toronto

Internet95 Mbps
Coworking$350/mo
Café WiFiexcellent
Englishhigh
Communitylarge
Walkability78/100

Florence

Internet75 Mbps
Coworking$250/mo
Café WiFigood
Englishmoderate
Communitygrowing
Walkability88/100

Frequently Asked Questions

Is Toronto cheaper than Florence?

Florence is cheaper than Toronto. Florence has a cost of living index of 75/100 compared to 78/100 for Toronto, making it roughly 4% more affordable overall.

How much cheaper is Florence than Toronto?

Florence is approximately 4% cheaper than Toronto based on cost index scores (75 vs 78, where New York = 100). A person spending $3,000/month in Toronto could live a similar lifestyle for roughly $2,885/month in Florence.

What is the rent comparison between Toronto and Florence?

In Toronto, a 1-bedroom apartment in the city center costs approximately $1,456/month. In Florence, the equivalent is around $1,500/month.

Which city is better for digital nomads — Toronto or Florence?

Both cities have nomad infrastructure. Toronto offers 95 Mbps internet and coworking at ~$350/month. Florence offers 75 Mbps and coworking at ~$250/month. Florence has a cost advantage of 4%.

What is the average income in Toronto vs Florence?

The median net monthly salary in Toronto is approximately $3,450 USD, compared to $1,850 USD in Florence.

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