Are you considering a move to Toronto, Canada, and wondering about the cost of living? Toronto is a diverse city with a lot to offer, but like any city, it comes with its own set of expenses. In this page, we'll break down the cost of living in Toronto and help you understand whether $3799 per month is moderately priced, given the average monthly salary of $3330.83.
|
Restaurants |
Price |
World Range |
|---|---|---|
|
Meal, Inexpensive Restaurant |
18.47 $ |
|
|
Meal for 2 People, Mid-range Restaurant, Three-course |
81.26 $ |
|
|
McMeal at McDonalds (or Equivalent Combo Meal) |
11.08 $ |
|
|
Domestic Beer (1 pint draught) |
6.0 $ |
|
|
Imported Beer (12 oz small bottle) |
6.65 $ |
|
|
Cappuccino (regular) |
3.78 $ |
|
|
Coke/Pepsi (12 oz small bottle) |
2.09 $ |
|
|
Water (12 oz small bottle) |
1.54 $ |
|
|
Markets |
Price |
World Range |
|---|---|---|
|
Milk (regular), (1 gallon) |
2.9 $ |
|
|
Loaf of Fresh White Bread (1 lb) |
2.79 $ |
|
|
Rice (white), (1 lb) |
3.42 $ |
|
|
Eggs (regular) (12) |
3.4 $ |
|
|
Local Cheese (1 lb) |
12.33 $ |
|
|
Chicken Fillets (1 lb) |
13.04 $ |
|
|
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
14.54 $ |
|
|
Apples (1 lb) |
4.09 $ |
|
|
Banana (1 lb) |
1.31 $ |
|
|
Oranges (1 lb) |
4.08 $ |
|
|
Tomato (1 lb) |
3.67 $ |
|
|
Potato (1 lb) |
2.63 $ |
|
|
Onion (1 lb) |
2.74 $ |
|
|
Lettuce (1 head) |
2.41 $ |
|
|
Water (1.5 liter bottle) |
1.78 $ |
|
|
Bottle of Wine (Mid-Range) |
13.3 $ |
|
|
Domestic Beer (0.5 liter bottle) |
2.46 $ |
|
|
Imported Beer (12 oz small bottle) |
2.66 $ |
|
|
Cigarettes 20 Pack (Marlboro) |
13.76 $ |
|
|
Transportation |
Price |
World Range |
|---|---|---|
|
One-way Ticket (Local Transport) |
2.47 $ |
|
|
Monthly Pass (Regular Price) |
115.24 $ |
|
|
Taxi Start (Normal Tariff) |
3.69 $ |
|
|
Taxi 1 mile (Normal Tariff) |
1.29 $ |
|
|
Taxi 1hour Waiting (Normal Tariff) |
22.9 $ |
|
|
Gasoline (1 gallon) |
1.23 $ |
|
|
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
25371.73 $ |
|
|
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
21691.28 $ |
|
|
Utilities (Monthly) |
Price |
World Range |
|---|---|---|
|
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
155.26 $ |
|
|
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) |
-- |
|
|
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
54.36 $ |
|
|
Sports And Leisure |
Price |
World Range |
|---|---|---|
|
Fitness Club, Monthly Fee for 1 Adult |
55.62 $ |
|
|
Tennis Court Rent (1 Hour on Weekend) |
19.67 $ |
|
|
Cinema, International Release, 1 Seat |
11.82 $ |
|
|
Childcare |
Price |
World Range |
|---|---|---|
|
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
1081.5 $ |
|
|
International Primary School, Yearly for 1 Child |
19748.56 $ |
|
|
Clothing And Shoes |
Price |
World Range |
|---|---|---|
|
1 Pair of Jeans (Levis 501 Or Similar) |
58.72 $ |
|
|
1 Summer Dress in a Chain Store (Zara, H&M, ...) |
36.98 $ |
|
|
1 Pair of Nike Running Shoes (Mid-Range) |
90.3 $ |
|
|
1 Pair of Men Leather Business Shoes |
120.58 $ |
|
|
Rent Per Month |
Price |
World Range |
|---|---|---|
|
Apartment (1 bedroom) in City Centre |
1933.27 $ |
|
|
Apartment (1 bedroom) Outside of Centre |
1715.2 $ |
|
|
Apartment (3 bedrooms) in City Centre |
3183.51 $ |
|
|
Apartment (3 bedrooms) Outside of Centre |
2633.86 $ |
|
|
Buy Apartment Price |
Price |
World Range |
|---|---|---|
|
Price per Square Feet to Buy Apartment in City Centre |
9994.96 $ |
|
|
Price per Square Feet to Buy Apartment Outside of Centre |
7697.7 $ |
|
|
Salaries And Financing |
Price |
World Range |
|---|---|---|
|
Average Monthly Net Salary (After Tax) |
3330.83 $ |
|
|
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate |
6.37 % |
|
The monthly expenses for living in Toronto come to a total of approximately $3799. This includes an average monthly rent of around $1933 for a one-bedroom apartment in the city center, along with utilities costing about $182 per month. Additionally, other expenses such as groceries, transportation, dining out, and leisure activities for one person amount to approximately $951 per month.
Living in Toronto appears to be relatively budget-friendly when considering the average monthly income of $3330.83. However, to enjoy a comfortable standard of living in Toronto, you would likely need an income exceeding $3330.83.
In Toronto, the average monthly post-tax salary hovers around $3330.83, and it isn't tied to any particular skillset or qualification.
The typical monthly rent for a one-bedroom apartment in the central area of Toronto is approximately $1933. If you're open to living in a location outside the city center, you can expect to pay around $1715.2 for such an apartment.
The expense for groceries in Toronto can fluctuate based on personal choices and shopping patterns. Typically, an individual can budget around $700 per month for groceries. Nevertheless, the actual costs may change depending on various factors, including the specific items bought, the choice of stores, and the availability of discounts or special offers.
The cost of living in Canada can vary significantly depending on the particular city you have in mind. Using a nationwide average might not provide accurate information. To get a more precise understanding, it's crucial to examine the cost of living in various cities throughout Canada.
Toronto is the least dangerous city in North America and among the top safest cities in the world. However, like any other big city, some crime problems exist and some areas should be avoided by tourists.
Driving in Canada is relatively safe, although tourists are advised to use public transportation and taxis when touring the city. There are no reported risks in terms of transport and taxis in Toronto.
Toronto is relatively safe in terms of pickpocketing. However, some records of pickpocketing were made in restaurants and cafés, so tourists need to be careful to minimize the probability of theft.
Natural disasters are not strange to Canadians, as one of the most geographically diverse countries in the world. Possible disasters are tornadoes, snowstorms, and floods, depending on the region, but the risk level in Toronto is low.
As most of the major cities in Canada, Toronto is considered a safe city when mugging and kidnapping risks are concerned. Nevertheless, awareness of your surroundings is necessary.
An act of terrorism could occur in Canada since it can never be predicted. This means that tourists need to be constantly vigilant.
Unlike other Canadian cities, where scam risks are unlikely and not reported, Toronto has certain reported risk, especially via the Internet, when tourists buy tickets online. Pay attention to the website where you enter your credit card information, because some of them might not be secure.
The general crime rate in Toronto is very low and the city has a reputation as one of the safest major cities in North America so it is very welcoming for women travelers. Since women travel for countless reasons, often alone, when it comes to security women face greater obstacles, so they should not be on the street after dark, especially around Parliament and Jarvis Streets.
Since there is a difference among the citizens of certain countries and their necessity for a visa when entering Canada, the best way is to visit sites and get informed about your own country. An Electronic Travel Authorization (eTA) is required and costs CAD 7.
The Canadian dollar is the official currency of Canada. The best way of paying is by using a credit card. If you decide to exchange money, banks and exchange offices are the safest solution. Most stores would change your money, but they will choose the exchange rate which could not be suitable.
The city of Toronto has a humid continental climate which includes warm summers and cold winters. Winter months can be very cold, with an average temperature below 0 °C, and sometimes it can fall to −25 °C. During the summer, warm temperatures are usually between 20 and 30 °C. However, the weather cannot be predicted since it changes from day to day in all seasons.
Toronto Pearson International Airport, officially named Lester B. Pearson International Airport, is the busiest Canadian airport that is used not only by the travelers that come to Toronto but also to all other major cities in Canada. It is 22.5 km away from the city center. Some other smaller airports of Toronto are Billy Bishop Toronto City Airport, Toronto/Buttonville Municipal Airport, and Toronto/Downsview Airport.
It is always advisable that travelers acquire a travel insurance policy in case of emergency medical expenses and lost, damaged or stolen private possessions.
| Average | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High | 30°F | 31°F | 39°F | 51°F | 63°F | 72°F | 77°F | 76°F | 68°F | 56°F | 45°F | 35°F |
| Temp | 24°F | 25°F | 32°F | 44°F | 55°F | 64°F | 70°F | 69°F | 62°F | 50°F | 39°F | 30°F |
| Low | 18°F | 19°F | 27°F | 38°F | 48°F | 57°F | 63°F | 62°F | 55°F | 44°F | 34°F | 25°F |
| Average | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High | -1°C | 0°C | 3°C | 10°C | 17°C | 22°C | 25°C | 24°C | 20°C | 13°C | 7°C | 1°C |
| Temp | -4°C | -3°C | 0°C | 6°C | 12°C | 17°C | 21°C | 20°C | 16°C | 10°C | 3°C | -1°C |
| Low | -7°C | -7°C | -2°C | 3°C | 8°C | 13°C | 17°C | 16°C | 12°C | 6°C | 1°C | -3°C |