Cost of Living Comparison Between Toronto and New York, NY 
| Indices Difference |  |
|---|---|
| Cost of Living in New York, NY is 49.6% higher than in Toronto (excluding rent) | |
| Cost of Living Including Rent in New York, NY is 86.0% higher than in Toronto | |
| Rent Prices in New York, NY are 161.3% higher than in Toronto | |
| Restaurant Prices in New York, NY are 48.9% higher than in Toronto | |
| Groceries Prices in New York, NY are 42.3% higher than in Toronto | |
| Local Purchasing Power in New York, NY is 16.7% lower than in Toronto | |
Restaurants | Toronto Edit |
New York, NY Edit | Difference |
|---|---|---|---|
| Meal at an Inexpensive Restaurant |
C$25.00 ($17.85) |
C$35.01 ($25.00) |
+40.0 % |
| Meal for Two at a Mid-Range Restaurant (Three Courses, Without Drinks) |
C$120.00 ($85.69) |
C$210.06 ($150.00) |
+75.1 % |
| Combo Meal at McDonald's (or Equivalent Fast-Food Meal) |
C$16.00 ($11.43) |
C$18.21 ($13.00) |
+13.8 % |
| Domestic Draft Beer (1 Pint) |
C$9.00 ($6.43) |
C$11.20 ($8.00) |
+24.5 % |
| Imported Beer (12 oz Small Bottle) |
C$10.00 ($7.14) |
C$14.00 ($10.00) |
+40.0 % |
| Cappuccino (Regular Size) |
C$5.71 ($4.08) |
C$8.25 ($5.89) |
+44.3 % |
| Soft Drink (Coca-Cola or Pepsi, 12 oz Small Bottle) |
C$3.00 ($2.14) |
C$4.82 ($3.44) |
+60.8 % |
| Bottled Water (12 oz) |
C$2.47 ($1.76) |
C$3.92 ($2.80) |
+59.0 % |
Markets | Toronto Edit |
New York, NY Edit | |
| Milk (Regular, 1 Liter) |
C$3.75 ($2.68) |
C$1.97 ($1.41) |
-47.4 % |
| Fresh White Bread (1 lb Loaf) |
C$3.62 ($2.58) |
C$5.86 ($4.18) |
+61.9 % |
| White Rice (1 lb) |
C$1.66 ($1.19) |
C$4.47 ($3.19) |
+168.9 % |
| Eggs (12, Large Size) |
C$4.97 ($3.55) |
C$8.55 ($6.11) |
+72.1 % |
| Local Cheese (1 lb) |
C$7.06 ($5.04) |
C$10.73 ($7.66) |
+51.9 % |
| Chicken Fillets (1 lb) |
C$7.99 ($5.70) |
C$9.50 ($6.78) |
+18.9 % |
| Beef Round or Equivalent Back Leg Red Meat (1 lb) |
C$10.51 ($7.51) |
C$11.82 ($8.44) |
+12.4 % |
| Apples (1 lb) |
C$2.41 ($1.72) |
C$4.36 ($3.11) |
+80.6 % |
| Bananas (1 lb) |
C$0.79 ($0.57) |
C$1.43 ($1.02) |
+80.1 % |
| Oranges (1 lb) |
C$2.42 ($1.73) |
C$3.68 ($2.63) |
+51.9 % |
| Tomatoes (1 lb) |
C$2.55 ($1.82) |
C$4.17 ($2.98) |
+63.7 % |
| Potatoes (1 lb) |
C$1.31 ($0.93) |
C$2.16 ($1.54) |
+65.3 % |
| Onions (1 lb) |
C$1.02 ($0.73) |
C$2.51 ($1.79) |
+145.2 % |
| Lettuce (1 Head) |
C$3.39 ($2.42) |
C$3.91 ($2.79) |
+15.2 % |
| Bottled Water (50 oz) |
C$1.98 ($1.42) |
C$3.50 ($2.50) |
+76.3 % |
| Bottle of Wine (Mid-Range) |
C$19.50 ($13.92) |
C$28.01 ($20.00) |
+43.6 % |
| Domestic Beer (16.9 oz Bottle) |
C$3.37 ($2.41) |
C$4.85 ($3.46) |
+43.8 % |
| Imported Beer (12 oz Small Bottle) |
C$4.24 ($3.03) |
C$5.54 ($3.96) |
+30.5 % |
| Cigarettes (Pack of 20, Marlboro) |
C$20.80 ($14.85) |
C$26.61 ($19.00) |
+27.9 % |
Transportation | Toronto Edit |
New York, NY Edit | |
| One-Way Ticket (Local Transport) |
C$3.35 ($2.39) |
C$4.20 ($3.00) |
+25.4 % |
| Monthly Public Transport Pass (Regular Price) |
C$156.00 ($111.40) |
C$196.06 ($140.00) |
+25.7 % |
| Taxi Start (Standard Tariff) |
C$4.25 ($3.03) |
C$4.20 ($3.00) |
-1.1 % |
| Taxi 1 mile (Standard Tariff) |
C$2.82 ($2.01) |
C$4.90 ($3.50) |
+74.0 % |
| Taxi 1 Hour Waiting (Standard Tariff) |
C$31.03 ($22.16) |
C$58.82 ($42.00) |
+89.5 % |
| Gasoline (1 Liter) |
C$1.69 ($1.21) |
C$1.46 ($1.05) |
-13.3 % |
| Volkswagen Golf 1.5 (or Equivalent New Compact Car) |
C$37,790.00 ($26,984.94) |
C$49,655.77 ($35,458.00) |
+31.4 % |
| Toyota Corolla Sedan 1.6 (or Equivalent New Mid-Size Car) |
C$28,963.27 ($20,681.98) |
C$35,442.93 ($25,308.95) |
+22.4 % |
Utilities (Monthly) | Toronto Edit |
New York, NY Edit | |
| Basic Utilities for 915 Square Feet Apartment (Electricity, Heating, Cooling, Water, Garbage) |
C$187.89 ($134.17) |
C$321.03 ($229.24) |
+70.9 % |
| Mobile Phone Plan (Monthly, with Calls and 10GB+ Data) |
C$49.54 ($35.37) |
C$94.69 ($67.62) |
+91.2 % |
| Broadband Internet (Unlimited Data, 60 Mbps or Higher) |
C$68.72 ($49.07) |
C$105.53 ($75.35) |
+53.5 % |
Sports And Leisure | Toronto Edit |
New York, NY Edit | |
| Monthly Fitness Club Membership |
C$63.50 ($45.34) |
C$182.40 ($130.25) |
+187.3 % |
| Tennis Court Rental (1 Hour, Weekend) |
C$36.60 ($26.14) |
C$77.65 ($55.44) |
+112.1 % |
| Cinema Ticket (International Release) |
C$19.00 ($13.57) |
C$31.51 ($22.50) |
+65.8 % |
Childcare | Toronto Edit |
New York, NY Edit | |
| Private Full-Day Preschool or Kindergarten, Monthly Fee per Child |
C$1,290.11 ($921.24) |
C$4,713.32 ($3,365.67) |
+265.3 % |
| International Primary School, Annual Tuition per Child |
C$31,416.33 ($22,433.65) |
C$84,793.95 ($60,549.33) |
+169.9 % |
Clothing And Shoes | Toronto Edit |
New York, NY Edit | |
| Jeans (Levi's 501 or Similar) |
C$83.51 ($59.63) |
C$97.15 ($69.38) |
+16.3 % |
| Summer Dress in a Chain Store (e.g. Zara or H&M) |
C$63.79 ($45.55) |
C$72.20 ($51.55) |
+13.2 % |
| Nike Running Shoes (Mid-Range) |
C$141.10 ($100.76) |
C$164.75 ($117.65) |
+16.8 % |
| Men's Leather Business Shoes |
C$179.23 ($127.99) |
C$185.11 ($132.18) |
+3.3 % |
Rent Per Month | Toronto Edit |
New York, NY Edit | |
| 1 Bedroom Apartment in City Centre |
C$2,297.14 ($1,640.33) |
C$6,000.63 ($4,284.90) |
+161.2 % |
| 1 Bedroom Apartment Outside of City Centre |
C$2,033.93 ($1,452.38) |
C$3,892.81 ($2,779.76) |
+91.4 % |
| 3 Bedroom Apartment in City Centre |
C$3,882.50 ($2,772.40) |
C$12,651.21 ($9,033.93) |
+225.9 % |
| 3 Bedroom Apartment Outside of City Centre |
C$3,100.00 ($2,213.64) |
C$7,051.61 ($5,035.38) |
+127.5 % |
Buy Apartment Price | Toronto Edit |
New York, NY Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
C$1,154.84 ($824.64) |
C$2,333.72 ($1,666.45) |
+102.1 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
C$905.01 ($646.24) |
C$818.55 ($584.51) |
-9.6 % |
Salaries And Financing | Toronto Edit |
New York, NY Edit | |
| Average Monthly Net Salary (After Tax) |
C$4,904.07 ($3,501.88) |
C$7,595.33 ($5,423.65) |
+54.9 % |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 4.72 | 6.33 | +34.0 % |
| Last update: | 14 June 2026 | 12 June 2026 | |
| Contributors in the past 12 months: | 355 | 234 | |
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 |