Cost of Living Comparison Between New York, NY and Toronto 
| Indices Difference |  |
|---|---|
| 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 | |
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 2025 | April 2025 | |
| Contributors in the past 12 months: | 371 | 664 |
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 |