New York vs Toronto: Cost of Living Comparison
Toronto is approximately 36% cheaper overall. Total estimated monthly costs: New York $4,587 vs Toronto $2,925.
New York ($4,587/mo)
Toronto ($2,925/mo)
| Category | New York | Toronto | Difference |
|---|---|---|---|
| 1BR Apartment (Center) | $3200 | $1800 | +$1400 |
| 1BR Apartment (Outside) | $2000 | $1300 | +$700 |
| Cheap Meal | $20 | $16 | +$4 |
| Mid-Range Meal | $50 | $40 | +$10 |
| Transit Pass | $127 | $110 | +$17 |
| Utilities | $150 | $130 | +$20 |
| Internet | $60 | $55 | +$5 |
| Groceries | $450 | $350 | +$100 |
| Total Estimated | $4,587 | $2,925 | $1,662 (36%) |
Safety Index
New York: 55/100
Toronto: 75/100
Average Monthly Salary
New York: $5,500
Toronto: $3,800
Relocating to Toronto?
Save on your move with these essential services for expats and remote workers.
More Comparisons
new york vs tokyo
Japan
$1,980/mo
new york vs osaka
Japan
$1,598/mo
toronto vs fukuoka
Japan
$1,280/mo
toronto vs sapporo
Japan
$1,195/mo
Frequently Asked Questions
Is New York cheaper than Toronto?
Toronto is approximately 36% cheaper.New York costs around $4,587/month vs Toronto at $2,925/month. That is a saving of $1,662/month ($19,944/year).
Which city has cheaper rent — New York or Toronto?
Toronto has cheaper rent.New York charges $3200/month for a city-center 1BR, while Toronto is $1800/month.
Which city is safer — New York or Toronto?
Toronto is safer, with a safety index of 75/100 vs 55/100.