City cost profile

Cost of Living in Toronto

medium confidence Updated 2026-05-25 partially-audited

Estimated monthly cost benchmarks for Toronto, including rent, transport, utilities, meal prices, and normalized cost indexes. This page uses medium-confidence data intended for early planning.

Cost index 65.8 New York = 100

1BR rent CA$2,421 TRREB Q4 2025 rental market data

Monthly transport CA$156 TTC monthly pass

Monthly utilities CA$190 Numbeo city benchmark

Planning takeaway

Toronto is lower-cost than the highest-priced cities in the current sample, but rent quality and neighborhood choice can still change the real budget.

Use the calculator to apply your own spending pattern. The city benchmarks below are a starting point, not a replacement for checking current rental listings and local transit options.

Estimate your own budget

Typical monthly costs

Average meal	CA$18
Estimated single-person monthly cost	CA$3,300
Estimated family monthly cost	CA$7,900
Rent index	36.7
Groceries index	68.5
Restaurant index	68.3

Data sources

Cost index: Numbeo current city index
Rent: TRREB Q4 2025 rental market data
Transport: TTC monthly pass
Utilities: Numbeo city benchmark
Last updated: 2026-05-25
Confidence: medium

View full data sources

FAQ

Is Toronto expensive?

Toronto has a cost index of 65.8 in this sample, where New York is 100. Use this as a relative signal rather than an exact monthly bill.

What is the biggest cost to check before moving to Toronto?

Rent is usually the largest variable. This page uses TRREB Q4 2025 rental market data, but neighborhood and apartment quality can materially change the result.

How should I use these estimates?

Keep all calculator inputs in the same currency, compare relative changes, then verify local rent, transport, and utility prices before making a financial decision.

Related comparisons

Toronto vs Vancouver Salary needed in Toronto

Explore rankings

Most expensive cities Cheapest rent cities Best cities for remote workers Browse city comparisons