Cost of Living Comparison Between Toronto and New York, NY 
| Indices Difference |  |
|---|---|
| Cost of Living in New York, NY is 54.4% higher than in Toronto (excluding rent) | |
| Cost of Living Including Rent in New York, NY is 84.1% higher than in Toronto | |
| Rent Prices in New York, NY are 142.2% higher than in Toronto | |
| Restaurant Prices in New York, NY are 52.7% higher than in Toronto | |
| Groceries Prices in New York, NY are 42.1% higher than in Toronto | |
| Local Purchasing Power in New York, NY is 10.5% lower than in Toronto | |
Restaurants | Toronto Edit |
New York, NY Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.12 C$ (17.98 $) |
39.12 C$ (28.00 $) |
+55.7 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
120.00 C$ (85.90 $) |
188.60 C$ (135.00 $) |
+57.2 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
15.00 C$ (10.74 $) |
18.16 C$ (13.00 $) |
+21.1 % |
| Domestic Beer (1 pint draught) |
8.00 C$ (5.73 $) |
11.18 C$ (8.00 $) |
+39.7 % |
| Imported Beer (12 oz small bottle) |
9.00 C$ (6.44 $) |
16.76 C$ (12.00 $) |
+86.3 % |
| Cappuccino (regular) |
5.28 C$ (3.78 $) |
8.44 C$ (6.04 $) |
+59.7 % |
| Coke/Pepsi (12 oz small bottle) |
2.97 C$ (2.13 $) |
4.48 C$ (3.20 $) |
+50.6 % |
| Water (12 oz small bottle) |
2.30 C$ (1.65 $) |
3.55 C$ (2.54 $) |
+54.2 % |
Markets | Toronto Edit |
New York, NY Edit | |
| Milk (regular), (1 gallon) |
15.07 C$ (10.79 $) |
8.19 C$ (5.86 $) |
-45.7 % |
| Loaf of Fresh White Bread (1 lb) |
3.51 C$ (2.51 $) |
6.39 C$ (4.58 $) |
+82.0 % |
| Rice (white), (1 lb) |
2.13 C$ (1.52 $) |
5.18 C$ (3.71 $) |
+143.4 % |
| Eggs (regular) (12) |
4.83 C$ (3.46 $) |
8.84 C$ (6.33 $) |
+82.9 % |
| Local Cheese (1 lb) |
8.48 C$ (6.07 $) |
10.56 C$ (7.56 $) |
+24.5 % |
| Chicken Fillets (1 lb) |
8.17 C$ (5.85 $) |
9.99 C$ (7.15 $) |
+22.2 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
10.02 C$ (7.17 $) |
12.71 C$ (9.10 $) |
+26.8 % |
| Apples (1 lb) |
2.61 C$ (1.87 $) |
4.73 C$ (3.38 $) |
+81.0 % |
| Banana (1 lb) |
0.71 C$ (0.51 $) |
1.58 C$ (1.13 $) |
+122.9 % |
| Oranges (1 lb) |
2.11 C$ (1.51 $) |
3.44 C$ (2.47 $) |
+63.5 % |
| Tomato (1 lb) |
2.57 C$ (1.84 $) |
3.78 C$ (2.70 $) |
+46.7 % |
| Potato (1 lb) |
1.59 C$ (1.14 $) |
2.34 C$ (1.68 $) |
+47.7 % |
| Onion (1 lb) |
1.82 C$ (1.30 $) |
2.36 C$ (1.69 $) |
+29.7 % |
| Lettuce (1 head) |
3.15 C$ (2.25 $) |
4.54 C$ (3.25 $) |
+44.2 % |
| Water (1.5 liter bottle) |
2.66 C$ (1.91 $) |
3.53 C$ (2.53 $) |
+32.6 % |
| Bottle of Wine (Mid-Range) |
18.00 C$ (12.88 $) |
27.93 C$ (19.99 $) |
+55.2 % |
| Domestic Beer (0.5 liter bottle) |
3.68 C$ (2.63 $) |
3.91 C$ (2.80 $) |
+6.5 % |
| Imported Beer (12 oz small bottle) |
4.31 C$ (3.09 $) |
5.13 C$ (3.67 $) |
+19.0 % |
| Cigarettes 20 Pack (Marlboro) |
20.00 C$ (14.32 $) |
25.15 C$ (18.00 $) |
+25.7 % |
Transportation | Toronto Edit |
New York, NY Edit | |
| One-way Ticket (Local Transport) |
3.35 C$ (2.40 $) |
4.05 C$ (2.90 $) |
+20.9 % |
| Monthly Pass (Regular Price) |
156.00 C$ (111.66 $) |
184.41 C$ (132.00 $) |
+18.2 % |
| Taxi Start (Normal Tariff) |
5.00 C$ (3.58 $) |
6.98 C$ (5.00 $) |
+39.6 % |
| Taxi 1 mile (Normal Tariff) |
3.22 C$ (2.30 $) |
4.89 C$ (3.50 $) |
+51.9 % |
| Taxi 1hour Waiting (Normal Tariff) |
35.00 C$ (25.05 $) |
58.68 C$ (42.00 $) |
+67.6 % |
| Gasoline (1 gallon) |
5.79 C$ (4.15 $) |
5.21 C$ (3.73 $) |
-10.1 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
34,087.00 C$ (24,399.27 $) |
48,198.22 C$ (34,500.00 $) |
+41.4 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
28,943.84 C$ (20,717.83 $) |
39,096.83 C$ (27,985.28 $) |
+35.1 % |
Utilities (Monthly) | Toronto Edit |
New York, NY Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
161.98 C$ (115.95 $) |
260.79 C$ (186.67 $) |
+61.0 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
51.13 C$ (36.60 $) |
80.88 C$ (57.90 $) |
+58.2 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
71.93 C$ (51.49 $) |
85.67 C$ (61.32 $) |
+19.1 % |
Sports And Leisure | Toronto Edit |
New York, NY Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
74.85 C$ (53.58 $) |
222.13 C$ (159.00 $) |
+196.8 % |
| Tennis Court Rent (1 Hour on Weekend) |
28.24 C$ (20.21 $) |
90.23 C$ (64.58 $) |
+219.5 % |
| Cinema, International Release, 1 Seat |
17.00 C$ (12.17 $) |
27.94 C$ (20.00 $) |
+64.4 % |
Childcare | Toronto Edit |
New York, NY Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1,537.77 C$ (1,100.73 $) |
4,420.77 C$ (3,164.36 $) |
+187.5 % |
| International Primary School, Yearly for 1 Child |
24,619.21 C$ (17,622.29 $) |
79,432.27 C$ (56,857.14 $) |
+222.6 % |
Clothing And Shoes | Toronto Edit |
New York, NY Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
76.34 C$ (54.64 $) |
93.44 C$ (66.88 $) |
+22.4 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
53.61 C$ (38.37 $) |
68.38 C$ (48.95 $) |
+27.6 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
120.77 C$ (86.45 $) |
158.24 C$ (113.27 $) |
+31.0 % |
| 1 Pair of Men Leather Business Shoes |
154.61 C$ (110.67 $) |
233.77 C$ (167.33 $) |
+51.2 % |
Rent Per Month | Toronto Edit |
New York, NY Edit | |
| Apartment (1 bedroom) in City Centre |
2,460.30 C$ (1,761.07 $) |
5,577.42 C$ (3,992.29 $) |
+126.7 % |
| Apartment (1 bedroom) Outside of Centre |
2,107.13 C$ (1,508.27 $) |
3,863.50 C$ (2,765.47 $) |
+83.4 % |
| Apartment (3 bedrooms) in City Centre |
4,046.82 C$ (2,896.69 $) |
12,317.32 C$ (8,816.67 $) |
+204.4 % |
| Apartment (3 bedrooms) Outside of Centre |
3,367.97 C$ (2,410.77 $) |
7,258.26 C$ (5,195.42 $) |
+115.5 % |
Buy Apartment Price | Toronto Edit |
New York, NY Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
1,174.95 C$ (841.02 $) |
2,331.10 C$ (1,668.59 $) |
+98.4 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
950.61 C$ (680.44 $) |
1,672.64 C$ (1,197.27 $) |
+76.0 % |
Salaries And Financing | Toronto Edit |
New York, NY Edit | |
| Average Monthly Net Salary (After Tax) |
4,349.05 C$ (3,113.02 $) |
7,169.94 C$ (5,132.20 $) |
+64.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.13 | 6.47 | +26.0 % |
| Last update: | May 2025 | May 2025 | |
| Contributors in the past 12 months: | 628 | 374 |
Moving to Toronto? Explore:
Moving to New York, NY? Explore:
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 Georgina | 57.04 miles |
| Cost of Living in Guelph | 58.38 miles |
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 Glen Cove, New York | 30.15 miles |