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Cost of Living in Toronto

Toronto, Ontario, Canada · Population 5,647,656 · National capital

▲ +25% vs Canada average

Single person, monthly (incl. rent)$1,952 ($1,435)
Couple, monthly$3,565 ($2,621)
Family of four, monthly$4,706 ($3,460)

Estimated Prices in Toronto

ExpenseEstimated costBasis
Meal at an inexpensive restaurant$17.50 ($12.87)per meal
Three-course meal for two, mid-range$70.01 ($51.48)per meal
Cappuccino$5.25 ($3.86)each
Monthly groceries (single person)$397 ($292)per month
Monthly public transport pass$64.18 ($47.19)per month
Basic utilities for an 85m² apartment$169 ($124)per month
Internet (60 Mbps, unlimited)$49.01 ($36.04)per month
Fitness club membership$49.01 ($36.04)per month
Cinema ticket$12.84 ($9.44)each
One-bedroom apartment in city centre$1,129 ($830)per month
One-bedroom apartment outside centre$785 ($577)per month
Three-bedroom apartment in city centre$2,356 ($1,732)per month

Salary & Budget Planning

The estimated average net salary in Toronto is $5,658 ($4,160) per month. To live comfortably — covering the full single-person budget of $1,952 ($1,435) with about 30% left over for savings — you would need a net income of roughly $2,538 ($1,866) per month.

Housing takes the largest share: rent for a one-bedroom outside the centre ($785 ($577)) represents about 40% of the total single-person budget.

Compare Toronto

Toronto vs MontréalToronto vs VancouverToronto vs CalgaryToronto vs EdmontonToronto vs OttawaToronto vs Winnipeg

Nearby Cities

Vaughan

14 km away · Ontario

Richmond Hill

15 km away · Ontario

Markham

17 km away · Ontario

Pickering

25 km away · Ontario

Stouffville

27 km away · Ontario

Mississauga

27 km away · Ontario

Aurora

30 km away · Ontario

Ajax

30 km away · Ontario

Other Major Cities in Canada

Montréal

Quebec · pop. 3,675,219

$1,690 ($1,242) / mo

Vancouver

British Columbia · pop. 2,426,160

$1,690 ($1,242) / mo

Calgary

Alberta · pop. 1,306,784

$1,690 ($1,242) / mo

Edmonton

Alberta · pop. 1,151,635

$1,690 ($1,242) / mo

Ottawa

Ontario · pop. 1,068,821

$1,690 ($1,242) / mo

Winnipeg

Manitoba · pop. 758,515

$1,560 ($1,147) / mo

Quebec City

Quebec · pop. 733,156

$1,560 ($1,147) / mo

Hamilton

Ontario · pop. 729,560

$1,560 ($1,147) / mo

Living in Toronto

Toronto is the capital and one of the key cities in Canada. The estimated monthly cost of living for a single person is $1,952 ($1,435), placing it above the national average. Housing represents the largest expense, with a one-bedroom apartment outside the city centre costing around $785 ($577) per month.

For families, the estimated budget rises to $4,706 ($3,460) per month, driven mainly by larger housing needs and increased food and transport spending. Couples can expect to spend approximately $3,565 ($2,621) monthly.

The average estimated net salary in Toronto is $5,658 ($4,160). To maintain a comfortable lifestyle with room for savings, a single person typically needs a net income of at least $2,538 ($1,866) per month.

Frequently Asked Questions

Is Toronto expensive to live in?
A single person needs an estimated $1,952 ($1,435) per month in Toronto including rent outside the city centre. That is 25% more than the national average for Canada.
What salary do you need to live comfortably in Toronto?
A net salary of around $2,538 ($1,866) per month lets a single person cover all estimated expenses in Toronto with roughly 30% left for savings. The estimated average net salary in Toronto is $5,658 ($4,160).
How much is rent in Toronto?
A one-bedroom apartment costs an estimated $1,129 ($830) per month in the city centre and $785 ($577) outside the centre. A three-bedroom in the centre runs about $2,356 ($1,732).
Is Toronto cheaper than Canada on average?
No — Toronto is estimated to be about 25% more expensive than the Canada average, mainly due to housing demand as the national capital.
What is the cost of groceries in Toronto?
Monthly groceries for one person are estimated at $397 ($292) in Toronto. A meal at an inexpensive restaurant costs about $18 ($13) and a cappuccino runs around $5 ($4).
How do transport costs in Toronto compare?
A monthly public transport pass in Toronto is estimated at $64 ($47). Transport makes up a small share of the total budget compared to housing and food.
Figures for Toronto are estimates based on Canada national averages adjusted for city size (population 5,647,656) and capital-city premium. Last model update: July 2026. How we calculate.