Cost of Living Comparison Between New York, NY and Toronto 
| Indices Difference |  |
|---|---|
| Cost of Living in Toronto is 32.1% lower than in New York, NY (without rent) | |
| Cost of Living Including Rent in Toronto is 42.7% lower than in New York, NY | |
| Rent Prices in Toronto are 54.1% lower than in New York, NY | |
| Restaurant Prices in Toronto are 33.3% lower than in New York, NY | |
| Groceries Prices in Toronto are 28.2% lower than in New York, NY | |
| Local Purchasing Power in Toronto is 5.5% higher than in New York, NY | |
Restaurants | New York, NY Edit |
Toronto Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
30.00 $ (41.20 C$) |
18.20 $ (25.00 C$) |
-39.3 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
130.00 $ (178.55 C$) |
87.37 $ (120.00 C$) |
-32.8 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
12.00 $ (16.48 C$) |
10.92 $ (15.00 C$) |
-9.0 % |
| Domestic Beer (1 pint draught) |
8.00 $ (10.99 C$) |
5.82 $ (8.00 C$) |
-27.2 % |
| Imported Beer (12 oz small bottle) |
10.00 $ (13.73 C$) |
7.28 $ (10.00 C$) |
-27.2 % |
| Cappuccino (regular) |
5.66 $ (7.78 C$) |
3.93 $ (5.40 C$) |
-30.6 % |
| Coke/Pepsi (12 oz small bottle) |
3.07 $ (4.22 C$) |
2.16 $ (2.96 C$) |
-29.7 % |
| Water (12 oz small bottle) |
2.28 $ (3.13 C$) |
1.63 $ (2.24 C$) |
-28.3 % |
Markets | New York, NY Edit |
Toronto Edit | |
| Milk (regular), (1 gallon) |
5.64 $ (7.75 C$) |
11.66 $ (16.01 C$) |
+106.6 % |
| Loaf of Fresh White Bread (1 lb) |
4.35 $ (5.98 C$) |
2.52 $ (3.47 C$) |
-42.0 % |
| Rice (white), (1 lb) |
3.33 $ (4.57 C$) |
1.53 $ (2.10 C$) |
-54.1 % |
| Eggs (regular) (12) |
5.25 $ (7.21 C$) |
3.52 $ (4.84 C$) |
-32.9 % |
| Local Cheese (1 lb) |
7.46 $ (10.25 C$) |
5.19 $ (7.13 C$) |
-30.4 % |
| Chicken Fillets (1 lb) |
6.81 $ (9.36 C$) |
5.68 $ (7.80 C$) |
-16.7 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
8.69 $ (11.94 C$) |
6.35 $ (8.72 C$) |
-27.0 % |
| Apples (1 lb) |
3.14 $ (4.31 C$) |
1.73 $ (2.38 C$) |
-44.8 % |
| Banana (1 lb) |
0.96 $ (1.32 C$) |
0.67 $ (0.92 C$) |
-30.2 % |
| Oranges (1 lb) |
2.59 $ (3.56 C$) |
1.79 $ (2.46 C$) |
-31.1 % |
| Tomato (1 lb) |
2.93 $ (4.02 C$) |
1.71 $ (2.35 C$) |
-41.5 % |
| Potato (1 lb) |
1.81 $ (2.48 C$) |
1.21 $ (1.66 C$) |
-33.2 % |
| Onion (1 lb) |
1.69 $ (2.32 C$) |
1.26 $ (1.73 C$) |
-25.3 % |
| Lettuce (1 head) |
2.95 $ (4.05 C$) |
2.29 $ (3.15 C$) |
-22.3 % |
| Water (1.5 liter bottle) |
2.47 $ (3.40 C$) |
1.76 $ (2.42 C$) |
-28.7 % |
| Bottle of Wine (Mid-Range) |
20.00 $ (27.47 C$) |
13.83 $ (19.00 C$) |
-30.8 % |
| Domestic Beer (0.5 liter bottle) |
2.57 $ (3.53 C$) |
2.54 $ (3.49 C$) |
-1.2 % |
| Imported Beer (12 oz small bottle) |
3.81 $ (5.23 C$) |
2.71 $ (3.72 C$) |
-28.8 % |
| Cigarettes 20 Pack (Marlboro) |
17.00 $ (23.35 C$) |
14.56 $ (20.00 C$) |
-14.3 % |
Transportation | New York, NY Edit |
Toronto Edit | |
| One-way Ticket (Local Transport) |
2.90 $ (3.98 C$) |
2.44 $ (3.35 C$) |
-15.9 % |
| Monthly Pass (Regular Price) |
132.00 $ (181.30 C$) |
113.58 $ (156.00 C$) |
-14.0 % |
| Taxi Start (Normal Tariff) |
5.00 $ (6.87 C$) |
3.64 $ (5.00 C$) |
-27.2 % |
| Taxi 1 mile (Normal Tariff) |
3.50 $ (4.81 C$) |
2.05 $ (2.82 C$) |
-41.4 % |
| Taxi 1hour Waiting (Normal Tariff) |
34.00 $ (46.70 C$) |
22.57 $ (31.00 C$) |
-33.6 % |
| Gasoline (1 gallon) |
3.86 $ (5.30 C$) |
4.46 $ (6.12 C$) |
+15.5 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
31,500.00 $ (43,264.46 C$) |
25,009.56 $ (34,350.00 C$) |
-20.6 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
27,469.93 $ (37,729.26 C$) |
22,420.32 $ (30,793.75 C$) |
-18.4 % |
Utilities (Monthly) | New York, NY Edit |
Toronto Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
176.78 $ (242.81 C$) |
116.25 $ (159.67 C$) |
-34.2 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
66.45 $ (91.27 C$) |
46.49 $ (63.86 C$) |
-30.0 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
70.88 $ (97.35 C$) |
52.90 $ (72.65 C$) |
-25.4 % |
Sports And Leisure | New York, NY Edit |
Toronto Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
140.00 $ (192.29 C$) |
51.69 $ (71.00 C$) |
-63.1 % |
| Tennis Court Rent (1 Hour on Weekend) |
77.86 $ (106.93 C$) |
20.65 $ (28.37 C$) |
-73.5 % |
| Cinema, International Release, 1 Seat |
20.00 $ (27.47 C$) |
13.11 $ (18.00 C$) |
-34.5 % |
Childcare | New York, NY Edit |
Toronto Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
3,096.67 $ (4,253.19 C$) |
1,125.50 $ (1,545.84 C$) |
-63.7 % |
| International Primary School, Yearly for 1 Child |
57,600.00 $ (79,112.16 C$) |
18,175.68 $ (24,963.85 C$) |
-68.4 % |
Clothing And Shoes | New York, NY Edit |
Toronto Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
71.83 $ (98.66 C$) |
60.34 $ (82.88 C$) |
-16.0 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
48.24 $ (66.25 C$) |
36.63 $ (50.31 C$) |
-24.1 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
98.90 $ (135.84 C$) |
100.69 $ (138.29 C$) |
+1.8 % |
| 1 Pair of Men Leather Business Shoes |
165.41 $ (227.19 C$) |
120.44 $ (165.42 C$) |
-27.2 % |
Rent Per Month | New York, NY Edit |
Toronto Edit | |
| Apartment (1 bedroom) in City Centre |
4,328.21 $ (5,944.68 C$) |
1,837.47 $ (2,523.72 C$) |
-57.5 % |
| Apartment (1 bedroom) Outside of Centre |
2,861.97 $ (3,930.84 C$) |
1,575.22 $ (2,163.52 C$) |
-45.0 % |
| Apartment (3 bedrooms) in City Centre |
8,565.00 $ (11,763.81 C$) |
3,257.87 $ (4,474.60 C$) |
-62.0 % |
| Apartment (3 bedrooms) Outside of Centre |
4,551.11 $ (6,250.84 C$) |
2,649.70 $ (3,639.30 C$) |
-41.8 % |
Buy Apartment Price | New York, NY Edit |
Toronto Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
1,569.57 $ (2,155.77 C$) |
948.75 $ (1,303.09 C$) |
-39.6 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
1,142.75 $ (1,569.54 C$) |
742.58 $ (1,019.91 C$) |
-35.0 % |
Salaries And Financing | New York, NY Edit |
Toronto Edit | |
| Average Monthly Net Salary (After Tax) |
5,723.89 $ (7,861.62 C$) |
3,460.49 $ (4,752.90 C$) |
-39.5 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.72 | 6.52 | -3.0 % |
| Last update: | May 2024 | May 2024 | |
| Contributors in the past 12 months: | 499 | 787 |
Moving to New York, NY? Explore:
Moving to Toronto? Explore:
Cities near New York, NY: | Cost of Living in Jersey City, New Jersey | 4.58 miles |
| Cost of Living in East Rutherford, New Jersey | 10.01 miles |
| Cost of Living in Rutherford, New Jersey | 10.22 miles |
| Cost of Living in Newark, New Jersey | 11.63 miles |
| Cost of Living in Paterson, New Jersey | 17.95 miles |
| Cost of Living in Bergen County, New Jersey | 20.13 miles |
| Cost of Living in Hempstead, New York | 22.26 miles |
| Cost of Living in West Caldwell, New Jersey | 23.56 miles |
| Cost of Living in Woodbridge, New Jersey | 25.26 miles |
| Cost of Living in Parsippany-Troy Hills, New Jersey | 30.18 miles |
Cities near Toronto: | Cost of Living in Vaughan | 16.10 miles |
| Cost of Living in Richmond Hill | 22.87 miles |
| Cost of Living in Oakville | 25.57 miles |
| Cost of Living in Brampton | 27.62 miles |
| Cost of Living in Whitby, ON | 33.84 miles |
| Cost of Living in Burlington | 34.94 miles |
| Cost of Living in Oshawa | 35.88 miles |
| Cost of Living in Hamilton | 44.17 miles |
| Cost of Living in Guelph | 58.38 miles |
| Cost of Living in Cambridge | 60.12 miles |