Canada

Cost of Living in Toronto

Monthly expenses, rent & budget analysis — Numbeo 2026 country rankings (cost indices) and OECD 2025 PPP rates

COL+Rent: 60.6Rent: 49.3Groceries: 73.2Restaurant: 72.3

Monthly Budget Estimates

Minimal

$2,355/mo

Outside-center room, basic groceries, public transit

Typical

$3,166/mo

City-center 1BR, regular groceries & dining out

Comfortable

$3,904/mo

Premium apartment, frequent dining, entertainment

Monthly Costs Breakdown

CategoryCost (USD)
Rent (1BR City Center)$2,174
Rent (1BR Outside Center)$1,728
Groceries (monthly)$410
Restaurant Meal$22
Transit Pass (monthly)$92
Utilities (monthly)$160

Source: Numbeo 2026 country rankings (cost indices) and OECD 2025 PPP rates · Reviewed April 2026

Can You Afford Toronto?

Compare Toronto with other cities at specific budget levels:

vs Vancouver · $1,000/movs Vancouver · $1,500/movs Vancouver · $2,000/movs Montreal · $1,000/movs Montreal · $1,500/movs Montreal · $2,000/movs Calgary · $1,000/movs Calgary · $1,500/movs Calgary · $2,000/mo

Other Cities in Canada

Toronto vs Vancouver Toronto vs Montreal Toronto vs Calgary

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Frequently Asked Questions

How much does it cost to live in Toronto?
A minimal monthly budget in Toronto is approximately $2,355, a typical budget is $3,166, and a comfortable lifestyle costs around $3,904 per month.
How much is rent in Toronto?
A 1-bedroom apartment in Toronto city center costs approximately $2,174/month. Outside the center, expect around $1,728/month.
Is Toronto expensive compared to New York?
Toronto's COL+Rent Index is 60.6 compared to New York's 100, meaning Toronto is about 39% cheaper than NYC overall.
What is the average grocery cost in Toronto?
Monthly groceries in Toronto cost approximately $410. The city's Groceries Index is 73.2 (NYC = 100).