Cost of Living Comparison Between New York, NY and Toronto 

Indices DifferenceInfo
Consumer Prices in Toronto are 26.05% lower than in New York, NY (without rent)
Consumer Prices Including Rent in Toronto are 37.61% lower than in New York, NY
Rent Prices in Toronto are 50.55% lower than in New York, NY
Restaurant Prices in Toronto are 28.05% lower than in New York, NY
Groceries Prices in Toronto are 30.12% lower than in New York, NY
Local Purchasing Power in Toronto is 11.15% higher 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 $
(32.09 C$)
15.58 $
(20.00 C$)
     -37.68 %
Meal for 2 People, Mid-range Restaurant, Three-course 100.00 $
(128.37 C$)
77.90 $
(100.00 C$)
     -22.10 %
McMeal at McDonalds (or Equivalent Combo Meal) 10.00 $
(12.84 C$)
9.35 $
(12.00 C$)
     -6.52 %
Domestic Beer (1 pint draught) 7.62 $
(9.78 C$)
5.45 $
(7.00 C$)
     -28.44 %
Imported Beer (12 oz small bottle) 9.00 $
(11.55 C$)
7.01 $
(9.00 C$)
     -22.10 %
Cappuccino (regular) 5.03 $
(6.46 C$)
3.72 $
(4.78 C$)
     -26.04 %
Coke/Pepsi (12 oz small bottle) 2.44 $
(3.13 C$)
1.90 $
(2.43 C$)
     -22.14 %
Water (12 oz small bottle) 2.13 $
(2.73 C$)
1.51 $
(1.94 C$)
     -29.08 %
Markets
New York, NY Edit Toronto Edit
Milk (regular), (1 gallon) 4.37 $
(5.61 C$)
9.62 $
(12.35 C$)
     +120.31 %
Loaf of Fresh White Bread (1 lb) 3.52 $
(4.51 C$)
2.17 $
(2.79 C$)
     -38.19 %
Rice (white), (1 lb) 3.15 $
(4.04 C$)
1.26 $
(1.62 C$)
     -59.96 %
Eggs (regular) (12) 3.64 $
(4.67 C$)
2.87 $
(3.69 C$)
     -20.97 %
Local Cheese (1 lb) 7.15 $
(9.18 C$)
5.39 $
(6.92 C$)
     -24.63 %
Chicken Fillets (1 lb) 5.98 $
(7.68 C$)
5.33 $
(6.84 C$)
     -10.85 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 9.08 $
(11.66 C$)
6.04 $
(7.75 C$)
     -33.53 %
Apples (1 lb) 2.44 $
(3.13 C$)
1.45 $
(1.86 C$)
     -40.66 %
Banana (1 lb) 1.27 $
(1.64 C$)
0.60 $
(0.77 C$)
     -53.17 %
Oranges (1 lb) 2.32 $
(2.98 C$)
1.35 $
(1.73 C$)
     -41.99 %
Tomato (1 lb) 2.80 $
(3.60 C$)
1.55 $
(1.99 C$)
     -44.64 %
Potato (1 lb) 2.16 $
(2.77 C$)
1.16 $
(1.49 C$)
     -46.35 %
Onion (1 lb) 1.79 $
(2.30 C$)
0.97 $
(1.24 C$)
     -46.04 %
Lettuce (1 head) 2.59 $
(3.33 C$)
2.21 $
(2.84 C$)
     -14.75 %
Water (1.5 liter bottle) 2.44 $
(3.13 C$)
1.44 $
(1.85 C$)
     -40.97 %
Bottle of Wine (Mid-Range) 15.00 $
(19.26 C$)
11.69 $
(15.00 C$)
     -22.10 %
Domestic Beer (0.5 liter bottle) 3.57 $
(4.58 C$)
2.55 $
(3.27 C$)
     -28.60 %
Imported Beer (12 oz small bottle) 3.87 $
(4.97 C$)
2.90 $
(3.72 C$)
     -25.14 %
Cigarettes 20 Pack (Marlboro) 15.00 $
(19.26 C$)
13.24 $
(17.00 C$)
     -11.71 %
Transportation
New York, NY Edit Toronto Edit
One-way Ticket (Local Transport) 2.75 $
(3.53 C$)
2.53 $
(3.25 C$)
     -7.94 %
Monthly Pass (Regular Price) 129.00 $
(165.60 C$)
121.52 $
(156.00 C$)
     -5.80 %
Taxi Start (Normal Tariff) 3.80 $
(4.88 C$)
3.36 $
(4.31 C$)
     -11.54 %
Taxi 1 mile (Normal Tariff) 3.00 $
(3.85 C$)
2.19 $
(2.82 C$)
     -26.87 %
Taxi 1hour Waiting (Normal Tariff) 30.00 $
(38.51 C$)
24.15 $
(31.00 C$)
     -19.50 %
Gasoline (1 gallon) 4.09 $
(5.25 C$)
5.26 $
(6.76 C$)
     +28.81 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 26,000.00 $
(33,376.12 C$)
21,812.00 $
(28,000.00 C$)
     -16.11 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 24,068.75 $
(30,896.98 C$)
20,153.07 $
(25,870.44 C$)
     -16.27 %
Utilities (Monthly)
New York, NY Edit Toronto Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 168.65 $
(216.50 C$)
117.37 $
(150.67 C$)
     -30.41 %
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.11 $
(0.14 C$)
0.41 $
(0.52 C$)
     +262.76 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 64.37 $
(82.64 C$)
55.99 $
(71.87 C$)
     -13.03 %
Sports And Leisure
New York, NY Edit Toronto Edit
Fitness Club, Monthly Fee for 1 Adult 99.28 $
(127.44 C$)
51.59 $
(66.22 C$)
     -48.04 %
Tennis Court Rent (1 Hour on Weekend) 42.78 $
(54.91 C$)
14.87 $
(19.09 C$)
     -65.23 %
Cinema, International Release, 1 Seat 18.00 $
(23.11 C$)
11.69 $
(15.00 C$)
     -35.08 %
Childcare
New York, NY Edit Toronto Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 2,246.67 $
(2,884.04 C$)
1,342.76 $
(1,723.70 C$)
     -40.23 %
International Primary School, Yearly for 1 Child 39,500.00 $
(50,706.03 C$)
21,812.00 $
(28,000.00 C$)
     -44.78 %
Clothing And Shoes
New York, NY Edit Toronto Edit
1 Pair of Jeans (Levis 501 Or Similar) 60.94 $
(78.23 C$)
62.91 $
(80.76 C$)
     +3.23 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 60.29 $
(77.39 C$)
37.56 $
(48.22 C$)
     -37.70 %
1 Pair of Nike Running Shoes (Mid-Range) 92.44 $
(118.67 C$)
91.13 $
(116.98 C$)
     -1.43 %
1 Pair of Men Leather Business Shoes 151.19 $
(194.08 C$)
100.18 $
(128.60 C$)
     -33.74 %
Rent Per Month
New York, NY Edit Toronto Edit
Apartment (1 bedroom) in City Centre 3,302.68 $
(4,239.65 C$)
1,647.48 $
(2,114.87 C$)
     -50.12 %
Apartment (1 bedroom) Outside of Centre 2,184.61 $
(2,804.37 C$)
1,417.31 $
(1,819.40 C$)
     -35.12 %
Apartment (3 bedrooms) in City Centre 6,754.17 $
(8,670.30 C$)
2,717.84 $
(3,488.89 C$)
     -59.76 %
Apartment (3 bedrooms) Outside of Centre 4,021.44 $
(5,162.31 C$)
2,259.10 $
(2,900.00 C$)
     -43.82 %
Buy Apartment Price
New York, NY Edit Toronto Edit
Price per Square Feet to Buy Apartment in City Centre 1,389.27 $
(1,783.40 C$)
937.41 $
(1,203.36 C$)
     -32.52 %
Price per Square Feet to Buy Apartment Outside of Centre 778.31 $
(999.11 C$)
724.39 $
(929.90 C$)
     -6.93 %
Salaries And Financing
New York, NY Edit Toronto Edit
Average Monthly Net Salary (After Tax) 6,372.85 $
(8,180.81 C$)
4,419.50 $
(5,673.30 C$)
     -30.65 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.81 2.97      -22.01 %
Last update: May 2022May 2022
Contributors in the past 12 months:460894