Cost of Living Comparison Between New York, NY and Toronto 
| Indices Difference |  |
|---|---|
| Cost of Living in Toronto is 33.2% lower than in New York, NY (excluding rent) | |
| Cost of Living Including Rent in Toronto is 46.2% lower than in New York, NY | |
| Rent Prices in Toronto are 61.7% lower than in New York, NY | |
| Restaurant Prices in Toronto are 32.8% lower than in New York, NY | |
| Groceries Prices in Toronto are 29.8% lower than in New York, NY | |
| Local Purchasing Power in Toronto is 20.2% higher than in New York, NY | |
Restaurants | New York, NY Edit |
Toronto Edit | Difference |
|---|---|---|---|
| Meal at an Inexpensive Restaurant |
$25.00 (C$34.97) |
$17.87 (C$25.00) |
-28.5 % |
| Meal for Two at a Mid-Range Restaurant (Three Courses, Without Drinks) |
$150.00 (C$209.81) |
$85.79 (C$120.00) |
-42.8 % |
| Combo Meal at McDonald's (or Equivalent Fast-Food Meal) |
$13.00 (C$18.18) |
$11.44 (C$16.00) |
-12.0 % |
| Domestic Draft Beer (1 Pint) |
$8.00 (C$11.19) |
$6.43 (C$9.00) |
-19.6 % |
| Imported Beer (12 oz Small Bottle) |
$10.00 (C$13.99) |
$7.15 (C$10.00) |
-28.5 % |
| Cappuccino (Regular Size) |
$5.89 (C$8.24) |
$4.09 (C$5.71) |
-30.6 % |
| Soft Drink (Coca-Cola or Pepsi, 12 oz Small Bottle) |
$3.44 (C$4.82) |
$2.14 (C$3.00) |
-37.7 % |
| Bottled Water (12 oz) |
$2.80 (C$3.92) |
$1.76 (C$2.47) |
-37.0 % |
Markets | New York, NY Edit |
Toronto Edit | |
| Milk (Regular, 1 Liter) |
$1.41 (C$1.97) |
$2.68 (C$3.75) |
+90.2 % |
| Fresh White Bread (1 lb Loaf) |
$4.18 (C$5.85) |
$2.59 (C$3.62) |
-38.1 % |
| White Rice (1 lb) |
$3.19 (C$4.46) |
$1.19 (C$1.66) |
-62.8 % |
| Eggs (12, Large Size) |
$6.11 (C$8.54) |
$3.55 (C$4.97) |
-41.8 % |
| Local Cheese (1 lb) |
$7.66 (C$10.72) |
$5.05 (C$7.06) |
-34.1 % |
| Chicken Fillets (1 lb) |
$6.78 (C$9.49) |
$5.71 (C$7.99) |
-15.8 % |
| Beef Round or Equivalent Back Leg Red Meat (1 lb) |
$8.44 (C$11.80) |
$7.52 (C$10.51) |
-10.9 % |
| Apples (1 lb) |
$3.11 (C$4.36) |
$1.73 (C$2.41) |
-44.6 % |
| Bananas (1 lb) |
$1.02 (C$1.43) |
$0.57 (C$0.79) |
-44.4 % |
| Oranges (1 lb) |
$2.63 (C$3.68) |
$1.73 (C$2.42) |
-34.1 % |
| Tomatoes (1 lb) |
$2.98 (C$4.17) |
$1.82 (C$2.55) |
-38.8 % |
| Potatoes (1 lb) |
$1.54 (C$2.16) |
$0.94 (C$1.31) |
-39.4 % |
| Onions (1 lb) |
$1.79 (C$2.51) |
$0.73 (C$1.02) |
-59.2 % |
| Lettuce (1 Head) |
$2.79 (C$3.90) |
$2.42 (C$3.39) |
-13.1 % |
| Bottled Water (50 oz) |
$2.50 (C$3.50) |
$1.42 (C$1.98) |
-43.2 % |
| Bottle of Wine (Mid-Range) |
$20.00 (C$27.97) |
$13.94 (C$19.50) |
-30.3 % |
| Domestic Beer (16.9 oz Bottle) |
$3.46 (C$4.84) |
$2.41 (C$3.37) |
-30.4 % |
| Imported Beer (12 oz Small Bottle) |
$3.96 (C$5.53) |
$3.03 (C$4.24) |
-23.3 % |
| Cigarettes (Pack of 20, Marlboro) |
$19.00 (C$26.58) |
$14.87 (C$20.80) |
-21.7 % |
Transportation | New York, NY Edit |
Toronto Edit | |
| One-Way Ticket (Local Transport) |
$3.00 (C$4.20) |
$2.40 (C$3.35) |
-20.2 % |
| Monthly Public Transport Pass (Regular Price) |
$140.00 (C$195.82) |
$111.53 (C$156.00) |
-20.3 % |
| Taxi Start (Standard Tariff) |
$3.00 (C$4.20) |
$3.04 (C$4.25) |
+1.3 % |
| Taxi 1 mile (Standard Tariff) |
$3.50 (C$4.90) |
$2.01 (C$2.82) |
-42.5 % |
| Taxi 1 Hour Waiting (Standard Tariff) |
$42.00 (C$58.75) |
$22.18 (C$31.03) |
-47.2 % |
| Gasoline (1 Liter) |
$1.05 (C$1.46) |
$1.21 (C$1.69) |
+15.5 % |
| Volkswagen Golf 1.5 (or Equivalent New Compact Car) |
$35,458.00 (C$49,595.92) |
$27,017.50 (C$37,790.00) |
-23.8 % |
| Toyota Corolla Sedan 1.6 (or Equivalent New Mid-Size Car) |
$25,308.95 (C$35,400.21) |
$20,706.94 (C$28,963.27) |
-18.2 % |
Utilities (Monthly) | New York, NY Edit |
Toronto Edit | |
| Basic Utilities for 915 Square Feet Apartment (Electricity, Heating, Cooling, Water, Garbage) |
$229.24 (C$320.64) |
$134.33 (C$187.89) |
-41.4 % |
| Mobile Phone Plan (Monthly, with Calls and 10GB+ Data) |
$67.62 (C$94.58) |
$35.42 (C$49.54) |
-47.6 % |
| Broadband Internet (Unlimited Data, 60 Mbps or Higher) |
$75.35 (C$105.40) |
$49.13 (C$68.72) |
-34.8 % |
Sports And Leisure | New York, NY Edit |
Toronto Edit | |
| Monthly Fitness Club Membership |
$130.25 (C$182.18) |
$45.40 (C$63.50) |
-65.1 % |
| Tennis Court Rental (1 Hour, Weekend) |
$55.44 (C$77.55) |
$26.17 (C$36.60) |
-52.8 % |
| Cinema Ticket (International Release) |
$22.50 (C$31.47) |
$13.58 (C$19.00) |
-39.6 % |
Childcare | New York, NY Edit |
Toronto Edit | |
| Private Full-Day Preschool or Kindergarten, Monthly Fee per Child |
$3,365.67 (C$4,707.64) |
$922.35 (C$1,290.11) |
-72.6 % |
| International Primary School, Annual Tuition per Child |
$60,549.33 (C$84,691.75) |
$22,460.73 (C$31,416.33) |
-62.9 % |
Clothing And Shoes | New York, NY Edit |
Toronto Edit | |
| Jeans (Levi's 501 or Similar) |
$69.38 (C$97.04) |
$59.71 (C$83.51) |
-13.9 % |
| Summer Dress in a Chain Store (e.g. Zara or H&M) |
$51.55 (C$72.11) |
$45.60 (C$63.79) |
-11.5 % |
| Nike Running Shoes (Mid-Range) |
$117.65 (C$164.56) |
$100.88 (C$141.10) |
-14.3 % |
| Men's Leather Business Shoes |
$132.18 (C$184.89) |
$128.14 (C$179.23) |
-3.1 % |
Rent Per Month | New York, NY Edit |
Toronto Edit | |
| 1 Bedroom Apartment in City Centre |
$4,284.90 (C$5,993.39) |
$1,642.31 (C$2,297.14) |
-61.7 % |
| 1 Bedroom Apartment Outside of City Centre |
$2,779.76 (C$3,888.12) |
$1,454.13 (C$2,033.93) |
-47.7 % |
| 3 Bedroom Apartment in City Centre |
$9,033.93 (C$12,635.96) |
$2,775.75 (C$3,882.50) |
-69.3 % |
| 3 Bedroom Apartment Outside of City Centre |
$5,035.38 (C$7,043.11) |
$2,216.31 (C$3,100.00) |
-56.0 % |
Buy Apartment Price | New York, NY Edit |
Toronto Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
$1,666.45 (C$2,330.90) |
$825.64 (C$1,154.84) |
-50.5 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
$584.51 (C$817.56) |
$647.02 (C$905.01) |
+10.7 % |
Salaries And Financing | New York, NY Edit |
Toronto Edit | |
| Average Monthly Net Salary (After Tax) |
$5,423.65 (C$7,586.18) |
$3,506.10 (C$4,904.07) |
-35.4 % |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 6.33 | 4.72 | -25.4 % |
| Last update: | 12 June 2026 | 14 June 2026 | |
| Contributors in the past 12 months: | 234 | 355 | |
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 Glen Cove, New York | 30.15 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 Georgina | 57.04 miles |
| Cost of Living in Guelph | 58.38 miles |