Cost of Living Comparison Between New York, NY and Toronto 

Indices DifferenceInfo
Cost of Living in Toronto is 34.7% lower than in New York, NY (excluding rent)
Cost of Living Including Rent in Toronto is 44.4% lower than in New York, NY
Rent Prices in Toronto are 56.9% lower than in New York, NY
Restaurant Prices in Toronto are 35.5% lower than in New York, NY
Groceries Prices in Toronto are 27.7% lower than in New York, NY
Local Purchasing Power in Toronto is 7.9% 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 30.00 $
(41.63 C$)
19.46 $
(27.00 C$)
     -35.1 %
Meal for 2 People, Mid-range Restaurant, Three-course 145.00 $
(201.20 C$)
86.48 $
(120.00 C$)
     -40.4 %
McMeal at McDonalds (or Equivalent Combo Meal) 13.00 $
(18.04 C$)
10.81 $
(15.00 C$)
     -16.8 %
Domestic Beer (1 pint draught) 8.00 $
(11.10 C$)
5.77 $
(8.00 C$)
     -27.9 %
Imported Beer (12 oz small bottle) 12.00 $
(16.65 C$)
6.49 $
(9.00 C$)
     -45.9 %
Cappuccino (regular) 5.96 $
(8.26 C$)
3.86 $
(5.36 C$)
     -35.1 %
Coke/Pepsi (12 oz small bottle) 3.19 $
(4.43 C$)
2.15 $
(2.98 C$)
     -32.8 %
Water (12 oz small bottle) 2.57 $
(3.56 C$)
1.66 $
(2.31 C$)
     -35.3 %
Markets
New York, NY Edit Toronto Edit
Milk (regular), (1 gallon) 5.98 $
(8.30 C$)
11.02 $
(15.29 C$)
     +84.1 %
Loaf of Fresh White Bread (1 lb) 4.60 $
(6.38 C$)
2.55 $
(3.53 C$)
     -44.6 %
Rice (white), (1 lb) 3.55 $
(4.92 C$)
1.57 $
(2.18 C$)
     -55.8 %
Eggs (regular) (12) 6.28 $
(8.71 C$)
3.50 $
(4.86 C$)
     -44.2 %
Local Cheese (1 lb) 7.57 $
(10.51 C$)
5.99 $
(8.31 C$)
     -20.9 %
Chicken Fillets (1 lb) 7.00 $
(9.71 C$)
6.01 $
(8.33 C$)
     -14.2 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 8.98 $
(12.46 C$)
7.57 $
(10.50 C$)
     -15.7 %
Apples (1 lb) 3.38 $
(4.70 C$)
1.85 $
(2.57 C$)
     -45.3 %
Banana (1 lb) 1.10 $
(1.52 C$)
0.54 $
(0.75 C$)
     -51.0 %
Oranges (1 lb) 2.47 $
(3.42 C$)
1.56 $
(2.16 C$)
     -36.9 %
Tomato (1 lb) 2.73 $
(3.78 C$)
1.91 $
(2.65 C$)
     -29.9 %
Potato (1 lb) 1.64 $
(2.28 C$)
1.15 $
(1.60 C$)
     -29.8 %
Onion (1 lb) 1.66 $
(2.30 C$)
1.40 $
(1.94 C$)
     -15.9 %
Lettuce (1 head) 3.06 $
(4.24 C$)
2.31 $
(3.20 C$)
     -24.5 %
Water (1.5 liter bottle) 2.57 $
(3.57 C$)
1.92 $
(2.67 C$)
     -25.2 %
Bottle of Wine (Mid-Range) 20.00 $
(27.75 C$)
12.97 $
(18.00 C$)
     -35.1 %
Domestic Beer (0.5 liter bottle) 2.90 $
(4.02 C$)
2.66 $
(3.69 C$)
     -8.2 %
Imported Beer (12 oz small bottle) 3.81 $
(5.29 C$)
3.17 $
(4.40 C$)
     -16.8 %
Cigarettes 20 Pack (Marlboro) 18.00 $
(24.98 C$)
14.41 $
(20.00 C$)
     -19.9 %
Transportation
New York, NY Edit Toronto Edit
One-way Ticket (Local Transport) 2.90 $
(4.02 C$)
2.41 $
(3.35 C$)
     -16.7 %
Monthly Pass (Regular Price) 132.00 $
(183.16 C$)
112.43 $
(156.00 C$)
     -14.8 %
Taxi Start (Normal Tariff) 5.00 $
(6.93 C$)
3.60 $
(5.00 C$)
     -27.9 %
Taxi 1 mile (Normal Tariff) 3.50 $
(4.86 C$)
2.32 $
(3.22 C$)
     -33.7 %
Taxi 1hour Waiting (Normal Tariff) 42.00 $
(58.28 C$)
25.22 $
(35.00 C$)
     -39.9 %
Gasoline (1 gallon) 3.73 $
(5.17 C$)
4.20 $
(5.83 C$)
     +12.6 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 34,500.00 $
(47,870.99 C$)
24,487.50 $
(33,978.00 C$)
     -29.0 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 27,985.28 $
(38,831.39 C$)
20,908.84 $
(29,012.38 C$)
     -25.3 %
Utilities (Monthly)
New York, NY Edit Toronto Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 186.58 $
(258.89 C$)
108.90 $
(151.10 C$)
     -41.6 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 61.74 $
(85.67 C$)
37.27 $
(51.72 C$)
     -39.6 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 63.86 $
(88.61 C$)
51.86 $
(71.96 C$)
     -18.8 %
Sports And Leisure
New York, NY Edit Toronto Edit
Fitness Club, Monthly Fee for 1 Adult 156.46 $
(217.09 C$)
53.95 $
(74.86 C$)
     -65.5 %
Tennis Court Rent (1 Hour on Weekend) 64.58 $
(89.61 C$)
21.23 $
(29.45 C$)
     -67.1 %
Cinema, International Release, 1 Seat 20.00 $
(27.75 C$)
12.25 $
(17.00 C$)
     -38.7 %
Childcare
New York, NY Edit Toronto Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 3,146.67 $
(4,366.20 C$)
1,113.63 $
(1,545.24 C$)
     -64.6 %
International Primary School, Yearly for 1 Child 56,857.14 $
(78,892.98 C$)
17,742.75 $
(24,619.21 C$)
     -68.8 %
Clothing And Shoes
New York, NY Edit Toronto Edit
1 Pair of Jeans (Levis 501 Or Similar) 65.67 $
(91.12 C$)
55.25 $
(76.67 C$)
     -15.9 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 48.95 $
(67.92 C$)
40.24 $
(55.84 C$)
     -17.8 %
1 Pair of Nike Running Shoes (Mid-Range) 111.85 $
(155.19 C$)
88.99 $
(123.48 C$)
     -20.4 %
1 Pair of Men Leather Business Shoes 174.73 $
(242.44 C$)
119.23 $
(165.44 C$)
     -31.8 %
Rent Per Month
New York, NY Edit Toronto Edit
Apartment (1 bedroom) in City Centre 3,926.09 $
(5,447.71 C$)
1,812.70 $
(2,515.24 C$)
     -53.8 %
Apartment (1 bedroom) Outside of Centre 2,759.22 $
(3,828.60 C$)
1,529.15 $
(2,121.79 C$)
     -44.6 %
Apartment (3 bedrooms) in City Centre 8,443.10 $
(11,715.35 C$)
2,977.11 $
(4,130.93 C$)
     -64.7 %
Apartment (3 bedrooms) Outside of Centre 5,177.60 $
(7,184.26 C$)
2,442.21 $
(3,388.72 C$)
     -52.8 %
Buy Apartment Price
New York, NY Edit Toronto Edit
Price per Square Feet to Buy Apartment in City Centre 1,667.95 $
(2,314.38 C$)
846.82 $
(1,175.01 C$)
     -49.2 %
Price per Square Feet to Buy Apartment Outside of Centre 1,197.27 $
(1,661.28 C$)
686.51 $
(952.58 C$)
     -42.7 %
Salaries And Financing
New York, NY Edit Toronto Edit
Average Monthly Net Salary (After Tax) 5,211.57 $
(7,231.39 C$)
3,126.01 $
(4,337.55 C$)
     -40.0 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.52 5.30      -18.6 %
Last update: April 2025April 2025
Contributors in the past 12 months:371664