Toronto vs London
Cost of Living Comparison 2026
Toronto is ~17% cheaper overall
Numbeo 2026 country rankings (cost indices) and OECD 2025 PPP rates · Reviewed April 2026
Toronto
Canada
COL+Rent
60.6
Rent Index
49.3
Groceries
73.2
Restaurant
72.3
London
United Kingdom
COL+Rent
72.9
Rent Index
56.2
Groceries
73.9
Restaurant
93.3
Monthly Cost Comparison
| Category | Toronto | London | Diff |
|---|---|---|---|
| Rent (1BR City) | $2,174 | $2,503 | $329 |
| Rent (1BR Outside) | $1,728 | $1,960 | $232 |
| Groceries | $410 | $422 | $12 |
| Restaurant Meal | $22 | $28 | $6 |
| Transit Pass | $92 | $113 | $21 |
| Utilities | $160 | $258 | $98 |
Monthly Budget Comparison
| Lifestyle | Toronto | London |
|---|---|---|
| Minimal | $2,355/mo | $2,738/mo |
| Typical | $3,166/mo | $3,716/mo |
| Comfortable | $3,904/mo | $4,596/mo |
Purchasing Power Equivalence
| Budget in Toronto | ≈ in London | Difference |
|---|---|---|
| $1,500/mo | $1,804/mo | +$304 |
| $2,000/mo | $2,406/mo | +$406 |
| $3,000/mo | $3,609/mo | +$609 |
Detailed Budget Analysis
See exactly how specific monthly budgets break down in each city:
Analysis: Toronto vs London for Expats & Remote Workers
Our data shows Toronto is approximately 17% more affordable than London when combining rent and daily living costs. Toronto's COL+Rent Index of 60.6 vs London's 72.9 (both measured against New York City = 100) reflects a meaningful difference that adds up over months of living expenses.
Housing is the biggest differentiator: a city-center one-bedroom in Toronto costs $2,174/month versus $2,503/month in London — giving Toronto a $329/month advantage on housing alone. Over a full year, this rent difference alone amounts to $3,948 in annual savings.
Day-to-day costs tell a more nuanced story. Groceries in Toronto ($410/mo) vs London ($422/mo) reflect Toronto's lower food prices, while restaurant meals at $22 vs $28 show Toronto is the better value for dining out. For digital nomads and remote workers who eat out frequently, this difference compounds quickly.
Bottom line: If you earn in a strong currency (USD, EUR, GBP) and work remotely, Toronto offers meaningfully better value — your typical monthly budget of $3,166 buys a comfortable lifestyle with room for savings. Use the purchasing power table above to see exactly how far your specific budget stretches in each city.