Cost of living in Toronto

Toronto, the bustling metropolis of Canada, is known for its vibrant culture and diverse population. As one of the largest cities in the country, understanding the cost of living here is crucial for both residents and newcomers.

Whether you're planning to move to Toronto or simply curious about its living expenses, this guide provides a detailed breakdown of costs associated with dining, groceries, transportation, housing, and utilities.

An image showcasing the beauty of Toronto

People enjoying the surroundings of Toronto

Cost of Living Summary

Dining and Restaurants

Inexpensive Restaurant MealA meal at a casual restaurant will typically cost $18.35 on average, with a range between $12.89 and $35.8.
Mid-Range Restaurant (Three-Course Meal for Two)For a more upscale dining experience, expect to pay around $85.93, with prices ranging from $57.29 to $143.22.
Fast Food (e.g., McDonald's)A McMeal or equivalent combo meal averages $10.74, with a range between $9.94 and $13.61.
Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi)Domestic beer ranges from $3.58 to $8.59, imported beer $5.01 to $9.31, cappuccino $2.15 to $5.73, and Coke/Pepsi $1.58 to $3.22.

Grocery Prices

MilkMilk is priced between $1.43 and $4.33 per liter, averaging $3.01.
Bread (Loaf of Fresh White Bread)A loaf of fresh white bread costs between $1.79 and $4.3, with an average price of $2.75.
Eggs (Dozen)A dozen eggs range from $2.5 to $5.01, averaging $3.34.
Fruits (e.g., Apples, Oranges)Apples cost $1.58 to $5.01 per kg, while oranges range from $1.43 to $5.73 per kg.
Vegetables (e.g., Potatoes, Lettuce)Potatoes are priced between $0.72 and $3.93 per kg, and lettuce costs $1.43 to $2.86 per head.

Transportation

Public Transport (One-Way Ticket)A one-way local transport ticket costs between $2.33 and $2.86, with a monthly pass priced between $102.4 and $125.31.
Fuel (Gasoline)Gasoline is priced between $1.04 and $1.22 per liter.
Taxi FaresTaxi fares start at $2.86, with a cost of $1.25 to $3.58 per km and $18.62 to $42.11 per hour of waiting.

Housing Costs

1-Bedroom Apartment Rent (City Centre)Rent for a 1-bedroom apartment in the city centre ranges from $1575.38 to $2148.25, averaging $1798.19.
1-Bedroom Apartment Rent (Outside Centre)Outside the centre, rent ranges from $1288.95 to $1790.21, averaging $1511.38.
3-Bedroom Apartment Rent (City Centre)Rent for a 3-bedroom apartment in the city centre ranges from $2506.29 to $3938.46, averaging $3002.12.
3-Bedroom Apartment Rent (Outside Centre)Outside the centre, rent ranges from $2076.64 to $2864.33, averaging $2465.12.
Buying Price per Square Meter (City Centre)The price per square meter to buy an apartment in the city centre ranges from $7707.86 to $13605.59, averaging $9731.32.
Buying Price per Square Meter (Outside Centre)Outside the centre, the price per square meter ranges from $5728.67 to $10763.91, averaging $7794.7.

Utilities

Basic Utilities (Electricity, Heating, Water, etc.)Basic utilities for an 85m2 apartment cost between $71.61 and $214.83, averaging $107.54.
InternetInternet services range from $40.46 to $71.61, with an average cost of $51.

Cost of Living Data

The following pricing data has been gathered from 545 user contributions, as of the most recent update in November, 2024.

Restaurants

Avg / Range

Restaurants

Avg

Range

Meal, Inexpensive Restaurant

$18.35

Meal for 2 People, Mid-range Restaurant, Three-course

$85.93

McMeal at McDonalds (or Equivalent Combo Meal)

$10.74

Domestic Beer (0.5 liter draught)

$5.73

Imported Beer (0.33 liter bottle)

$7.16

Coke/Pepsi (0.33 liter bottle)

$2.18

Water (0.33 liter bottle)

$1.70

Cappuccino (regular)

$3.93

Markets

Avg / Range

Markets

Avg

Range

Milk (regular), (1 liter)

$3.01

Loaf of Fresh White Bread (500g)

$2.75

Eggs (regular) (12)

$3.34

Local Cheese (1kg)

$11.42

Water (1.5 liter bottle)

$1.73

Bottle of Wine (Mid-Range)

$12.89

Domestic Beer (0.5 liter bottle)

$2.52

Imported Beer (0.33 liter bottle)

$2.86

Cigarettes 20 Pack (Marlboro)

$14.32

Chicken Fillets (1kg)

$12.34

Apples (1kg)

$3.86

Oranges (1kg)

$3.37

Potato (1kg)

$2.23

Lettuce (1 head)

$2.19

Rice (white), (1kg)

$3.36

Tomato (1kg)

$3.81

Banana (1kg)

$1.31

Onion (1kg)

$2.69

Beef Round (1kg) (or Equivalent Back Leg Red Meat)

$13.62

Transportation

Avg / Range

Transportation

Avg

Range

One-way Ticket (Local Transport)

$2.40

Monthly Pass (Regular Price)

$111.71

Gasoline (1 liter)

$1.14

Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)

$24,409.14

Taxi Start (Normal Tariff)

$3.58

Taxi 1km (Normal Tariff)

$1.43

Taxi 1hour Waiting (Normal Tariff)

$25.06

Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)

$21,152.66

Rent Per Month

Avg / Range

Rent Per Month

Avg

Range

Avg

Range

Average Monthly Net Salary (After Tax)

$3,502.69

Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate

6.15%

Childcare

Avg / Range

Childcare

Avg

Range

Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child

$1,141.32

International Primary School, Yearly for 1 Child

$17,020.76

Worldwide

Canada

Cost of Living Rankings

Toronto ranks 2nd on the Cost of Living rankings in Canada.

The cost of living indices for Canada are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Canada, covering factors like consumer goods, rent, and purchasing power.

Highest to LowestUpdated: Oct, 2025

Full Cost of Living Rankings

Overview Job Market

Affordability

Expensive

About this index

Toronto Cost of Living

"Key Takeaways"

Toronto offers a diverse range of living costs, with dining and housing being significant expenses. While dining out can be costly, grocery prices offer some relief.
Transportation is relatively affordable, especially with public transit options. Housing costs vary significantly between the city centre and the outskirts.
Utilities and internet services are moderately priced, contributing to the overall cost of living in Toronto.

Conclusion

In conclusion, Toronto presents a dynamic cost of living landscape. The city offers a mix of high and moderate expenses, with housing and dining being the most significant.

Prospective residents should consider these factors when planning their budget. Despite the costs, Toronto's vibrant lifestyle and opportunities make it a desirable place to live.