Cost of Living Comparison Between New York, NY and Toronto 

Indices DifferenceInfo
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
Currency: Sticky Currency      Switch to metric measurement units
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 2023May 2023
Contributors in the past 12 months:531942