Cost of Living in Toronto
Canada
Monthly budget (single)
$2,615–$4,141/month
C$3,632 – C$5,751 (local currency)
Last updated: 2026-03
Can you afford to live in Toronto?
Enter your monthly take-home in USD. We compare it to typical budgets for your household size (estimates, not financial advice).
Cost breakdown
| Category | USD | Local currency |
|---|---|---|
| Rent (1-bed, city center) | $1,962–$3,051 | C$2,725 – C$4,238 |
| Rent (1-bed, outside center) | $1,035–$1,635 | C$1,438 – C$2,271 |
| Utilities (electricity, heating, water) | $82–$158 | C$114 – C$219 |
| Internet & Mobile | $33–$54 | C$46 – C$75 |
| Groceries (monthly) | $414–$621 | C$575 – C$863 |
| Eating out (per meal, mid-range) | $54–$98 | C$75 – C$136 |
| Coffee | $4–$7 | C$6 – C$10 |
| Public transport (monthly pass) | $104–$125 | C$144 – C$174 |
| Gym membership | $38–$71 | C$53 – C$99 |
| Cinema ticket | $15–$20 | C$21 – C$28 |
Budget scenarios
Single
$2,615–$4,141/mo USD
C$3,632 – C$5,751
Top expenses
- Rent (1-bed center): ~$3,051/mo
- Groceries: ~$621/mo
- Transport: ~$125/mo
Couple
$4,141–$6,321/mo USD
C$5,751 – C$8,779
Top expenses
- Rent (1-bed center): ~$3,051/mo
- Groceries: ~$621/mo
- Transport: ~$125/mo
Family
$5,994–$9,263/mo USD
C$8,325 – C$12,865
Top expenses
- Rent (1-bed center): ~$3,051/mo
- Groceries: ~$621/mo
- Transport: ~$125/mo
Neighbourhood guide
Toronto Center
CentralUrban core, transit access
Est. 1-bed rent: $2,453–$3,814/mo (C$3,407 – C$5,297)
Toronto Midtown
CentralMixed residential
Est. 1-bed rent: $2,158–$3,356/mo (C$2,997 – C$4,661)
Toronto Outer
SuburbanQuieter, family-friendly
Est. 1-bed rent: $1,570–$2,441/mo (C$2,181 – C$3,390)
Quality of life scores
Pros & cons
✅ Pros
- • Diversity
- • Safety
- • Healthcare
❌ Cons
- • Housing crisis
- • Cold winters
Similar cities & cheaper alternatives
Compare Toronto with another city
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Estimates are for comparison only and do not constitute financial advice. Sources include our internal dataset and periodic third-party index updates.