Cost of Living Comparison Between New York, NY and Toronto 
| Indices Difference |  |
|---|---|
| Consumer Prices in Toronto are 27.9% lower than in New York, NY (without rent) | |
| Consumer Prices Including Rent in Toronto are 39.1% lower than in New York, NY | |
| Rent Prices in Toronto are 51.2% lower than in New York, NY | |
| Restaurant Prices in Toronto are 26.6% lower than in New York, NY | |
| Groceries Prices in Toronto are 31.7% lower than in New York, NY | |
| Local Purchasing Power in Toronto is 16.6% lower than in New York, NY | |
Restaurants | New York, NY Edit |
Toronto Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
25.00 $ (34.00 C$) |
16.18 $ (22.00 C$) |
-35.3 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
100.00 $ (135.99 C$) |
84.57 $ (115.00 C$) |
-15.4 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
12.00 $ (16.32 C$) |
9.56 $ (13.00 C$) |
-20.3 % |
| Domestic Beer (1 pint draught) |
8.00 $ (10.88 C$) |
5.88 $ (8.00 C$) |
-26.5 % |
| Imported Beer (12 oz small bottle) |
10.00 $ (13.60 C$) |
6.31 $ (8.58 C$) |
-36.9 % |
| Cappuccino (regular) |
5.38 $ (7.31 C$) |
3.68 $ (5.01 C$) |
-31.5 % |
| Coke/Pepsi (12 oz small bottle) |
2.70 $ (3.68 C$) |
2.00 $ (2.72 C$) |
-26.1 % |
| Water (12 oz small bottle) |
2.17 $ (2.95 C$) |
1.54 $ (2.10 C$) |
-28.9 % |
Markets | New York, NY Edit |
Toronto Edit | |
| Milk (regular), (1 gallon) |
4.95 $ (6.73 C$) |
10.60 $ (14.41 C$) |
+114.0 % |
| Loaf of Fresh White Bread (1 lb) |
3.91 $ (5.32 C$) |
2.32 $ (3.15 C$) |
-40.8 % |
| Rice (white), (1 lb) |
3.69 $ (5.01 C$) |
1.35 $ (1.84 C$) |
-63.3 % |
| Eggs (regular) (12) |
5.46 $ (7.42 C$) |
3.28 $ (4.46 C$) |
-39.8 % |
| Local Cheese (1 lb) |
8.15 $ (11.08 C$) |
4.86 $ (6.60 C$) |
-40.4 % |
| Chicken Fillets (1 lb) |
7.20 $ (9.80 C$) |
5.31 $ (7.22 C$) |
-26.3 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
8.81 $ (11.98 C$) |
6.13 $ (8.34 C$) |
-30.4 % |
| Apples (1 lb) |
2.66 $ (3.62 C$) |
1.68 $ (2.28 C$) |
-37.0 % |
| Banana (1 lb) |
1.00 $ (1.35 C$) |
0.56 $ (0.76 C$) |
-43.7 % |
| Oranges (1 lb) |
2.44 $ (3.32 C$) |
1.60 $ (2.17 C$) |
-34.6 % |
| Tomato (1 lb) |
2.82 $ (3.83 C$) |
1.68 $ (2.29 C$) |
-40.3 % |
| Potato (1 lb) |
1.75 $ (2.38 C$) |
1.16 $ (1.58 C$) |
-33.6 % |
| Onion (1 lb) |
1.62 $ (2.21 C$) |
1.19 $ (1.62 C$) |
-26.4 % |
| Lettuce (1 head) |
2.79 $ (3.79 C$) |
2.39 $ (3.25 C$) |
-14.2 % |
| Water (1.5 liter bottle) |
2.46 $ (3.34 C$) |
1.68 $ (2.29 C$) |
-31.5 % |
| Bottle of Wine (Mid-Range) |
18.00 $ (24.48 C$) |
12.48 $ (16.98 C$) |
-30.7 % |
| Domestic Beer (0.5 liter bottle) |
3.12 $ (4.24 C$) |
2.29 $ (3.11 C$) |
-26.6 % |
| Imported Beer (12 oz small bottle) |
3.81 $ (5.18 C$) |
2.59 $ (3.52 C$) |
-32.2 % |
| Cigarettes 20 Pack (Marlboro) |
16.00 $ (21.76 C$) |
13.20 $ (17.95 C$) |
-17.5 % |
Transportation | New York, NY Edit |
Toronto Edit | |
| One-way Ticket (Local Transport) |
2.75 $ (3.74 C$) |
2.43 $ (3.30 C$) |
-11.8 % |
| Monthly Pass (Regular Price) |
129.00 $ (175.42 C$) |
114.72 $ (156.00 C$) |
-11.1 % |
| Taxi Start (Normal Tariff) |
4.50 $ (6.12 C$) |
3.29 $ (4.47 C$) |
-27.0 % |
| Taxi 1 mile (Normal Tariff) |
3.00 $ (4.08 C$) |
2.07 $ (2.82 C$) |
-31.0 % |
| Taxi 1hour Waiting (Normal Tariff) |
30.00 $ (40.80 C$) |
22.80 $ (31.00 C$) |
-24.0 % |
| Gasoline (1 gallon) |
4.42 $ (6.02 C$) |
4.36 $ (5.93 C$) |
-1.4 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
25,000.00 $ (33,996.88 C$) |
22,060.85 $ (30,000.00 C$) |
-11.8 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
24,285.27 $ (33,024.94 C$) |
19,868.65 $ (27,018.89 C$) |
-18.2 % |
Utilities (Monthly) | New York, NY Edit |
Toronto Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
169.41 $ (230.38 C$) |
143.06 $ (194.54 C$) |
-15.6 % |
| 1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
0.10 $ (0.14 C$) |
0.33 $ (0.45 C$) |
+214.2 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
71.89 $ (97.77 C$) |
55.05 $ (74.86 C$) |
-23.4 % |
Sports And Leisure | New York, NY Edit |
Toronto Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
113.45 $ (154.28 C$) |
46.87 $ (63.74 C$) |
-58.7 % |
| Tennis Court Rent (1 Hour on Weekend) |
38.93 $ (52.94 C$) |
17.35 $ (23.60 C$) |
-55.4 % |
| Cinema, International Release, 1 Seat |
18.00 $ (24.48 C$) |
11.03 $ (15.00 C$) |
-38.7 % |
Childcare | New York, NY Edit |
Toronto Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
2,483.75 $ (3,377.59 C$) |
1,082.57 $ (1,472.16 C$) |
-56.4 % |
| International Primary School, Yearly for 1 Child |
40,818.18 $ (55,507.62 C$) |
19,036.25 $ (25,886.92 C$) |
-53.4 % |
Clothing And Shoes | New York, NY Edit |
Toronto Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
67.33 $ (91.56 C$) |
57.64 $ (78.39 C$) |
-14.4 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
53.48 $ (72.72 C$) |
38.18 $ (51.91 C$) |
-28.6 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
96.91 $ (131.79 C$) |
88.32 $ (120.10 C$) |
-8.9 % |
| 1 Pair of Men Leather Business Shoes |
155.54 $ (211.51 C$) |
107.77 $ (146.55 C$) |
-30.7 % |
Rent Per Month | New York, NY Edit |
Toronto Edit | |
| Apartment (1 bedroom) in City Centre |
3,773.29 $ (5,131.20 C$) |
1,808.73 $ (2,459.65 C$) |
-52.1 % |
| Apartment (1 bedroom) Outside of Centre |
2,495.65 $ (3,393.77 C$) |
1,550.79 $ (2,108.88 C$) |
-37.9 % |
| Apartment (3 bedrooms) in City Centre |
7,385.26 $ (10,043.04 C$) |
2,921.97 $ (3,973.51 C$) |
-60.4 % |
| Apartment (3 bedrooms) Outside of Centre |
4,169.97 $ (5,670.64 C$) |
2,425.04 $ (3,297.75 C$) |
-41.8 % |
Buy Apartment Price | New York, NY Edit |
Toronto Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
1,405.93 $ (1,911.89 C$) |
863.89 $ (1,174.78 C$) |
-38.6 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
903.07 $ (1,228.06 C$) |
696.17 $ (946.71 C$) |
-22.9 % |
Salaries And Financing | New York, NY Edit |
Toronto Edit | |
| Average Monthly Net Salary (After Tax) |
6,469.53 $ (8,797.76 C$) |
3,283.31 $ (4,464.89 C$) |
-49.2 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 5.66 | 5.95 | +5.1 % |
| Last update: | May 2023 | May 2023 | |
| Contributors in the past 12 months: | 531 | 942 |
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 Parsippany-Troy Hills, New Jersey | 30.18 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 Guelph | 58.38 miles |
| Cost of Living in Cambridge | 60.12 miles |