Cost of Living Comparison Between Toronto and New York, NY 

Indices DifferenceInfo
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
Currency: Sticky Currency      Switch to metric measurement units
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 2025May 2025
Contributors in the past 12 months:628374