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Cost of living
in Toronto.

Living in Toronto, Canada costs about $2,800/month all-in for one person, and roughly $6,440/month for a family of four. That is cheaper than 9% of the 310 cities we track, and about 28% below New York.

Last updated August 2026 · How we calculate this

Single person, all-in $2,800/mo
Rent (studio)$1,260
Food & groceries$616
Utilities & internet$280
Transport$224
Fun & everything else$420
Family of four$6,440/mo
How it ranks

Cheaper than 9% of the 310 cities we track.

About 28% cheaper than New York.

Population 2.8M
Moving to Canada? Full guide → Your take-home pay here → Salary you'd need here → Can I afford it? → What the move itself costs →

Figures are average all-in monthly costs for one person, in USD — estimates for guidance, not a personal budget. The breakdown is a typical split of the total. Convert to your currency →

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Living in Toronto — FAQ

How much does it cost to live in Toronto?

A single person needs roughly $2,800/month all-in in Toronto, Canada — rent, food, transport and utilities. A family of four runs closer to $6,440/month.

Is Toronto expensive?

Toronto is cheaper than 9% of the 310 cities we track, and about 28% cheaper than New York.

Similar cost of living

See the whole world by cost →

🇮🇱 Jerusalem $2,800🇫🇷 Paris $2,900🇳🇱 Amsterdam $2,900🇬🇧 Edinburgh $2,700🇩🇪 Munich $2,700🇦🇪 Dubai $2,900🇺🇸 Chicago $2,700🇺🇸 Denver $2,700

More cities in this country

🇨🇦 Quebec City $1,900🇨🇦 Winnipeg $1,900🇨🇦 Edmonton $2,100🇨🇦 Halifax $2,100🇨🇦 Montreal $2,200🇨🇦 Ottawa $2,300🇨🇦 Calgary $2,400🇨🇦 Victoria $2,400🇨🇦 Vancouver $2,900