🇨🇦Cost of Living in Toronto

Canada · Population: 2,930,000 · Cost Index: 73/100

Cost of Living in Toronto

Canada · North America

Canada's largest city and financial capital, Toronto is a vibrant multicultural metropolis on the shores of Lake Ontario. Known for its diverse neighborhoods, world-class dining, and thriving tech sector.

2,930,000

Population

Cost Index

Safety Index

Quality of Life

Average Monthly Cost: $3,050 (single person, excluding rent)

Estimated monthly budget in Toronto

Typical total monthly cost by household type.

Single person

$3,050

per month

Couple

$4,580

per month

Family of 4

$6,410

per month

Student

$2,290

per month

Estimates based on the average cost of living in Toronto, scaled by household size. Actual costs vary with lifestyle, neighbourhood and housing.

Cost Breakdown

Housing

Avg: $2,225.00

1-Bedroom Apartment (City Center)(per month)

$1,850.00

1-Bedroom Apartment (Outside Center)(per month)

$1,450.00

3-Bedroom Apartment (City Center)(per month)

$3,200.00

3-Bedroom Apartment (Outside Center)(per month)

$2,400.00

Food & Groceries

Avg: $14.10

Meal at Inexpensive Restaurant(per meal)

$18.00

Meal for 2 at Mid-Range Restaurant(per meal)

$80.00

McMeal at McDonald's(per meal)

$11.00

Milk (1 liter)(per liter)

$2.80

Bread (500g loaf)(per loaf)

$3.20

Rice (1 kg)(per kg)

$3.50

Eggs (12)(per dozen)

$4.20

Chicken Breast (1 kg)(per kg)

$12.50

Apples (1 kg)(per kg)

$4.00

Banana (1 kg)(per kg)

$1.80

Transportation

Avg: $24.81

Monthly Public Transit Pass(per month)

$115.00

One-Way Ticket (Local Transport)(per trip)

$2.50

Taxi Start (Normal Tariff)(base fare)

$3.50

Taxi 1km (Normal Tariff)(per km)

$1.60

Gasoline (1 liter)(per liter)

$1.45

Utilities

Avg: $91.67

Basic Utilities (85m² Apt)(per month)

$160.00

Mobile Phone Plan(per month)

$55.00

Internet (60 Mbps+)(per month)

$60.00

Healthcare

Avg: $58.33

Doctor Visit(per visit)

$0.00

Dentist Visit(per visit)

$150.00

Prescription Medicine (avg)(per prescription)

$25.00

Entertainment

Avg: $20.13

Fitness Club Monthly(per month)

$55.00

Cinema Ticket(per ticket)

$14.00

Cappuccino(per cup)

$4.50

Beer (0.5l) at Restaurant(per glass)

$7.00

Clothing

Avg: $66.67

Pair of Jeans (Levi's)(per pair)

$65.00

Summer Dress (Chain Store)(per item)

$40.00

Running Shoes (Nike, Adidas)(per pair)

$95.00

Popular Toronto comparisons

Toronto vs Montreal Toronto vs Calgary Toronto vs Ottawa Toronto vs Vancouver Toronto vs New York Toronto vs London Toronto vs Tokyo Toronto vs Singapore

Frequently asked questions about Toronto

Is Toronto expensive to live in?

Toronto has a cost of living index of 73 out of 100, where New York City scores 100. This makes it relatively expensive compared with most cities we track.

How much money do you need to live in Toronto?

A single person needs an estimated $3,050 per month to live in Toronto, covering rent, food, transport and other essentials. A family or a more comfortable lifestyle will cost more.

What is the cost of living index in Toronto?

Toronto's cost of living index is 73 out of 100. The index is relative to New York City (100), so a score of 50 means overall costs are roughly half those of New York.

What is quality of life like in Toronto?

Toronto scores 72 out of 100 for quality of life and 62 out of 100 for safety in our index.