City in Ontario, Canada
Cost of living in Toronto
How much a month costs in Toronto
For one person, including rent. A comfortable month costs about $2,950–3,860 (C$4,200–5,500).
Prices in Toronto
Typical 2026 ranges in CAD, rounded. US$ at the 03 Oct 2026 exchange rate.
| Item | CAD | US$ |
|---|---|---|
| Housing | ||
| 1-bedroom apartment, center (month) | C$2,300–3,200 | $1,620–2,250 |
| 1-bedroom apartment, outside center (month) | C$1,700–2,300 | $1,190–1,620 |
| Hostel dorm bed (night) | C$45–90 | $32–63 |
| Mid-range hotel room (night) | C$190–340 | $133–239 |
| Food and drink | ||
| Local meal or street food | C$14–22 | $9.8–15.4 |
| Mid-range restaurant, per person | C$30–55 | $21–39 |
| Cappuccino | C$4–6 | $2.8–4.2 |
| Local beer, 0.5 l in a bar | C$8–11 | $5.6–7.7 |
| Getting around | ||
| Public transport, one ride | C$3–4 | $2.1–2.8 |
| Ride-hailing or taxi, about 5 km | C$14–24 | $9.8–16.9 |
| Work and life | ||
| Coworking day pass | C$30–50 | $21–35 |
| Gym membership (month) | C$40–90 | $28–63 |
| Mobile data, 20–50 GB (month) | C$35–60 | $25–42 |
Value for money: 20/100
A value score of 20/100 means Toronto gives more quality of life per dollar than 19% of the 1,319 places we cover. Quality here scores 81/100. It's the 9th most affordable of 18 places we cover in Canada.
| Quality factor | Score |
|---|---|
| Safety | |
| Air quality | |
| Internet | |
| Healthcare | |
| Weather | |
| Friendly locals | |
| English |
Cost of living across Canada
One person, comfortable lifestyle, including rent.
| Place | Comfortable month | Value |
|---|---|---|
| Quebec City | $2,110–2,950 | 45/100 |
| Niagara Falls | $2,250–3,090 | 37/100 |
| Halifax | $2,320–3,160 | 37/100 |
| Montreal | $2,460–3,370 | 29/100 |
| Ottawa | $2,460–3,370 | 38/100 |
| Calgary | $2,460–3,370 | 31/100 |
| Victoria | $2,530–3,440 | 37/100 |
| Edmonton | $2,460–3,510 | 29/100 |
| Toronto | $2,950–3,860 | 20/100 |
| Kelowna | $2,810–4,070 | 19/100 |
| Prince Edward Island | $2,810–4,070 | 27/100 |
| Vancouver | $3,020–4,000 | 19/100 |
| Tofino | $3,090–4,210 | 22/100 |
| Jasper | $3,160–4,210 | 21/100 |
| Yellowknife | $3,160–4,560 | 9/100 |
| Banff | $3,370–4,560 | 15/100 |
| Whistler | $3,370–4,780 | 14/100 |
| Mont-Tremblant | $3,860–5,620 | 8/100 |
Cheaper alternatives to Toronto
Similar safety, lower cost, in North America.
| Place | Country | Comfortable month |
|---|---|---|
| Quebec City | Canada | $2,110–2,950 |
| Niagara Falls | Canada | $2,250–3,090 |
Quick answers
How much money do you need per month in Toronto?
About $1,830–2,320 on a lean budget, $2,950–3,860 for a comfortable month and $5,270–7,720 for a luxury one, rent included.
How much is rent in Toronto?
A furnished 1-bedroom apartment costs C$2,300–3,200 ($1,620–2,250) a month in the center and C$1,700–2,300 ($1,190–1,620) outside it.
How much does food cost in Toronto?
A local meal is C$14–22 ($9.8–15.4); a mid-range restaurant is C$30–55 ($21–39) per person.
Is Canada expensive?
Prices in Canada are about 83% of US price levels (World Bank PPP).
More about Toronto
Going to Toronto solo?
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Sources
- ExchangeRate-API open rates
- World Bank: PPP conversion factor
- TTC
- Toronto Pearson Airport
- UP Express
- Bike Share Toronto
- City of Toronto
Prices are SoloSquare estimates for 2026, reviewed against official and operator prices where available. Compiled and reviewed by SoloSquare. How we compile and score this. Spotted something out of date? Tell us.