City Comparison
Toronto vs Vancouver
Cost of Living Comparison 2026
Toronto is ~4% 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
Vancouver
Canada
COL+Rent
63.1
Rent Index
51.8
Groceries
75.8
Restaurant
75.2
Monthly Cost Comparison
| Category | Toronto | Vancouver | Diff |
|---|---|---|---|
| Rent (1BR City) | $2,174 | $2,286 | $112 |
| Rent (1BR Outside) | $1,728 | $1,818 | $90 |
| Groceries | $410 | $425 | $15 |
| Restaurant Meal | $22 | $22 | $0 |
| Transit Pass | $92 | $96 | $4 |
| Utilities | $160 | $165 | $5 |
Monthly Budget Comparison
| Lifestyle | Toronto | Vancouver |
|---|---|---|
| Minimal | $2,355/mo | $2,465/mo |
| Typical | $3,166/mo | $3,302/mo |
| Comfortable | $3,904/mo | $4,060/mo |
Purchasing Power Equivalence
| Budget in Toronto | ≈ in Vancouver | Difference |
|---|---|---|
| $1,500/mo | $1,562/mo | +$62 |
| $2,000/mo | $2,083/mo | +$83 |
| $3,000/mo | $3,124/mo | +$124 |
Detailed Budget Analysis
See exactly how specific monthly budgets break down in each city:
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Frequently Asked Questions
Is Toronto or Vancouver cheaper to live in?
Toronto is approximately 4% cheaper overall. Toronto's COL+Rent Index is 60.6 vs Vancouver's 63.1 (NYC = 100).
How much is rent in Toronto vs Vancouver?
A 1BR in Toronto city center costs ~$2,174/mo vs $2,286/mo in Vancouver. Outside the center: $1,728 vs $1,818.
What is $2,000/month in Toronto worth in Vancouver?
Using cost-of-living adjustment, $2,000/month in Toronto has the purchasing power of approximately $2,083/month in Vancouver.
Are groceries cheaper in Toronto or Vancouver?
Monthly groceries cost approximately $410 in Toronto vs $425 in Vancouver. Groceries Index: 73.2 vs 75.8 (NYC = 100).