Cost of Living Comparison Between New York, NY and Toronto 

Indices DifferenceInfo
Consumer Prices in Toronto are 27.5% lower than in New York, NY (without rent)
Consumer Prices Including Rent in Toronto are 38.9% lower than in New York, NY
Rent Prices in Toronto are 51.1% lower than in New York, NY
Restaurant Prices in Toronto are 29.9% lower than in New York, NY
Groceries Prices in Toronto are 29.3% lower than in New York, NY
Local Purchasing Power in Toronto is 18.6% lower than in New York, NY
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
New York, NY Edit Toronto Edit Difference
Meal, Inexpensive Restaurant 25.00 $
(33.70 C$)
16.46 $
(22.19 C$)
     -34.2 %
Meal for 2 People, Mid-range Restaurant, Three-course 115.00 $
(155.04 C$)
81.59 $
(110.00 C$)
     -29.0 %
McMeal at McDonalds (or Equivalent Combo Meal) 12.00 $
(16.18 C$)
10.38 $
(14.00 C$)
     -13.5 %
Domestic Beer (1 pint draught) 8.00 $
(10.79 C$)
5.97 $
(8.04 C$)
     -25.4 %
Imported Beer (12 oz small bottle) 10.00 $
(13.48 C$)
6.68 $
(9.00 C$)
     -33.2 %
Cappuccino (regular) 5.43 $
(7.32 C$)
3.77 $
(5.08 C$)
     -30.6 %
Coke/Pepsi (12 oz small bottle) 2.65 $
(3.58 C$)
2.09 $
(2.81 C$)
     -21.4 %
Water (12 oz small bottle) 2.14 $
(2.89 C$)
1.63 $
(2.20 C$)
     -23.9 %
Markets
New York, NY Edit Toronto Edit
Milk (regular), (1 gallon) 5.13 $
(6.91 C$)
10.67 $
(14.38 C$)
     +108.1 %
Loaf of Fresh White Bread (1 lb) 4.05 $
(5.46 C$)
2.38 $
(3.21 C$)
     -41.2 %
Rice (white), (1 lb) 3.63 $
(4.89 C$)
1.51 $
(2.04 C$)
     -58.3 %
Eggs (regular) (12) 5.30 $
(7.15 C$)
3.35 $
(4.52 C$)
     -36.7 %
Local Cheese (1 lb) 7.91 $
(10.67 C$)
5.43 $
(7.33 C$)
     -31.3 %
Chicken Fillets (1 lb) 7.59 $
(10.24 C$)
5.75 $
(7.75 C$)
     -24.2 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 9.53 $
(12.84 C$)
6.71 $
(9.05 C$)
     -29.5 %
Apples (1 lb) 2.85 $
(3.84 C$)
1.88 $
(2.53 C$)
     -34.1 %
Banana (1 lb) 0.99 $
(1.33 C$)
0.56 $
(0.75 C$)
     -43.7 %
Oranges (1 lb) 2.44 $
(3.29 C$)
1.88 $
(2.53 C$)
     -23.2 %
Tomato (1 lb) 2.84 $
(3.83 C$)
1.74 $
(2.34 C$)
     -38.8 %
Potato (1 lb) 1.91 $
(2.57 C$)
1.27 $
(1.71 C$)
     -33.4 %
Onion (1 lb) 1.82 $
(2.45 C$)
1.31 $
(1.77 C$)
     -27.9 %
Lettuce (1 head) 2.83 $
(3.82 C$)
2.52 $
(3.40 C$)
     -10.9 %
Water (1.5 liter bottle) 2.44 $
(3.28 C$)
1.68 $
(2.27 C$)
     -30.9 %
Bottle of Wine (Mid-Range) 20.00 $
(26.96 C$)
13.35 $
(18.00 C$)
     -33.2 %
Domestic Beer (0.5 liter bottle) 2.55 $
(3.44 C$)
2.38 $
(3.21 C$)
     -6.8 %
Imported Beer (12 oz small bottle) 3.97 $
(5.36 C$)
2.64 $
(3.56 C$)
     -33.5 %
Cigarettes 20 Pack (Marlboro) 17.00 $
(22.92 C$)
13.35 $
(18.00 C$)
     -21.5 %
Transportation
New York, NY Edit Toronto Edit
One-way Ticket (Local Transport) 2.90 $
(3.91 C$)
2.48 $
(3.35 C$)
     -14.3 %
Monthly Pass (Regular Price) 130.22 $
(175.55 C$)
115.71 $
(156.00 C$)
     -11.1 %
Taxi Start (Normal Tariff) 4.85 $
(6.54 C$)
3.43 $
(4.62 C$)
     -29.3 %
Taxi 1 mile (Normal Tariff) 3.00 $
(4.04 C$)
2.09 $
(2.82 C$)
     -30.4 %
Taxi 1hour Waiting (Normal Tariff) 30.00 $
(40.44 C$)
24.48 $
(33.00 C$)
     -18.4 %
Gasoline (1 gallon) 4.15 $
(5.59 C$)
4.48 $
(6.04 C$)
     +8.0 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 25,500.00 $
(34,377.93 C$)
22,994.41 $
(31,000.00 C$)
     -9.8 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 25,458.80 $
(34,322.38 C$)
21,423.53 $
(28,882.22 C$)
     -15.9 %
Utilities (Monthly)
New York, NY Edit Toronto Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 168.54 $
(227.22 C$)
152.49 $
(205.58 C$)
     -9.5 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 55.17 $
(74.37 C$)
45.78 $
(61.73 C$)
     -17.0 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 74.13 $
(99.94 C$)
56.67 $
(76.40 C$)
     -23.6 %
Sports And Leisure
New York, NY Edit Toronto Edit
Fitness Club, Monthly Fee for 1 Adult 107.13 $
(144.43 C$)
53.27 $
(71.81 C$)
     -50.3 %
Tennis Court Rent (1 Hour on Weekend) 40.42 $
(54.49 C$)
20.46 $
(27.58 C$)
     -49.4 %
Cinema, International Release, 1 Seat 18.00 $
(24.27 C$)
11.87 $
(16.00 C$)
     -34.1 %
Childcare
New York, NY Edit Toronto Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 2,563.15 $
(3,455.52 C$)
1,085.97 $
(1,464.05 C$)
     -57.6 %
International Primary School, Yearly for 1 Child 43,333.33 $
(58,420.01 C$)
20,797.22 $
(28,037.86 C$)
     -52.0 %
Clothing And Shoes
New York, NY Edit Toronto Edit
1 Pair of Jeans (Levis 501 Or Similar) 68.56 $
(92.42 C$)
58.05 $
(78.26 C$)
     -15.3 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 50.32 $
(67.84 C$)
37.44 $
(50.47 C$)
     -25.6 %
1 Pair of Nike Running Shoes (Mid-Range) 98.55 $
(132.87 C$)
89.40 $
(120.52 C$)
     -9.3 %
1 Pair of Men Leather Business Shoes 154.46 $
(208.24 C$)
121.26 $
(163.47 C$)
     -21.5 %
Rent Per Month
New York, NY Edit Toronto Edit
Apartment (1 bedroom) in City Centre 3,937.96 $
(5,308.97 C$)
1,899.15 $
(2,560.35 C$)
     -51.8 %
Apartment (1 bedroom) Outside of Centre 2,625.26 $
(3,539.25 C$)
1,680.46 $
(2,265.52 C$)
     -36.0 %
Apartment (3 bedrooms) in City Centre 7,795.83 $
(10,509.98 C$)
3,117.59 $
(4,202.99 C$)
     -60.0 %
Apartment (3 bedrooms) Outside of Centre 4,541.30 $
(6,122.37 C$)
2,543.85 $
(3,429.51 C$)
     -44.0 %
Buy Apartment Price
New York, NY Edit Toronto Edit
Price per Square Feet to Buy Apartment in City Centre 1,541.51 $
(2,078.20 C$)
910.28 $
(1,227.20 C$)
     -40.9 %
Price per Square Feet to Buy Apartment Outside of Centre 965.66 $
(1,301.86 C$)
730.81 $
(985.25 C$)
     -24.3 %
Salaries And Financing
New York, NY Edit Toronto Edit
Average Monthly Net Salary (After Tax) 6,808.39 $
(9,178.76 C$)
3,386.19 $
(4,565.10 C$)
     -50.3 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.65 6.29      -5.3 %
Last update: September 2023September 2023
Contributors in the past 12 months:562889