Cost of Living in Toronto, Canada
Toronto is Canada's largest city and economic hub. It's one of the world's most multicultural cities with excellent public transit and healthcare.
Cost Breakdown
| Category | Monthly Cost (USD) |
|---|---|
| 1BR Apartment (City Center) | $1,800 |
| 1BR Apartment (Outside Center) | $1,300 |
| Inexpensive Restaurant Meal | $16 |
| Mid-Range Restaurant (2 people) | $40 |
| Monthly Transit Pass | $110 |
| Utilities (Electricity, Water, etc.) | $130 |
| Internet (60 Mbps+) | $55 |
| Groceries (Monthly) | $350 |
| Total Estimated Monthly Cost | $2,925 |
Tips for Living in Toronto
- TTC monthly pass is essential for commuters
- Scarborough and Etobicoke offer lower rents
- Kensington Market has affordable international groceries
Planning to Move to Toronto?
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Compare Toronto With Other Cities
See how Toronto stacks up against other popular destinations in north-america and beyond.
Frequently Asked Questions
How much does it cost to live in Toronto?
The estimated monthly cost of living in Toronto is approximately $2,925 USD, including rent ($1800 for a 1BR in city center), groceries ($350), utilities ($130), and a monthly transit pass ($110).
How much is rent in Toronto?
Rent in Toronto ranges from $1300/month (outside city center) to $1800/month (city center) for a one-bedroom apartment.
Is Toronto safe to live in?
Toronto has a safety index of 75/100. It is considered a relatively safe city for expats and tourists.
What is the average salary in Toronto?
The average monthly net salary in Toronto is approximately $3,800 USD. Cost of living at ~$2,925/month means the ratio is favorable for locals.