Cost of Living in Toronto, Canada

Quick answer: As of 2026, living in Toronto costs approximately $2,049 per month for one person including rent. That is 26% above the $1,620 global median across the 340 cities in the Voyica Cost of Living Index 2026. Against its own region, where the median is $2,512, Toronto is cheaper than typical for United States & Canada. A one-bedroom apartment in the city centre averages $1,690 per month, or $1,466 outside the centre. Day to day, an inexpensive restaurant meal runs about $18.25 and a monthly transit pass $114. For anyone weighing a longer stay, median internet speed is 256 Mbps and Toronto scores 77/100 on safety (generally safe). Actual costs vary with lifestyle, neighbourhood, and exchange rates; figures come from crowd-sourced price data last refreshed June 2026. See the full Cost of Living Index →

Toronto is a city in Canada, where a single person can expect to spend about $2,049 per month including rent, food, and local transport. A one-bedroom apartment in the city centre averages $1,690 per month, or $1,466 outside the centre. Internet is fast at around 256 Mbps median download speed. On safety, Toronto scores 77/100 — generally safe for residents and visitors. Expect summer highs near 79°F and winter highs around 35°F, with roughly 180 sunny days a year.

Top for CoworkingTop for VegetarianTop for Sports EventsTop for Pub SceneFamily friendlyMajor airport hub

Monthly Cost$2,049≈ $68/day

1BR Rent (Centre)$1,690

Internet256 Mbps

Safety77/100

Avg Temp57°F

Toronto Cost of Living Breakdown

🍽️ Dining

Inexpensive Restaurant$18.25

Mid-Range Restaurant (2 People)$87.59

McDonald's Combo Meal$11.68

Cappuccino$4.09

Domestic Beer (Restaurant)$6.57

Bottled Water (Restaurant)$1.77

🛒 Groceries

Milk (1 Liter)$2.80

Bread (1 lb Loaf)$2.59

Eggs (12)$3.59

Chicken Fillets (1 lb)$5.91

Apples (1 lb)$1.77

Bananas (1 lb)$0.60

Tomatoes (1 lb)$1.84

Potatoes (1 lb)$1.10

Water (1.5L Bottle)$1.91

Wine (Mid-Range Bottle)$13.14

Cigarettes (Marlboro)$14.60

🚌 Transportation

One-Way Ticket$2.45

Monthly Transit Pass$113.87

Taxi Start$3.10

Taxi (1 Mile)$2.06

Gasoline (1 Liter)$0.99

VW Golf (New)$27,283.21

⚡ Utilities & Tech

Basic Utilities (Monthly)$151.26

Mobile Phone Plan$38.40

Broadband Internet$54.89

🎬 Lifestyle

Gym Membership (Monthly)$58.97

Cinema Ticket$13.13

Preschool (Monthly)$1,049.77

Intl. Primary School (Annual)$20,388.36

👔 Clothing

Jeans (Levi's 501)$57.77

Nike Running Shoes$91.18

🏠 Housing

Rent 1BR (City Centre)$1,689.71

Rent 1BR (Outside Centre)$1,465.93

Rent 3BR (City Centre)$2,704.51

Rent 3BR (Outside Centre)$2,267.88

Buy Price/sqft (Centre)$826.91

Buy Price/sqft (Outside)$637.68

📊 Summary

Avg Monthly Net Salary$3,659.01

Mortgage Interest Rate4.44%

Lifestyle & Quality of Life in Toronto

Internet256 Mbps

Safety77/100

Healthcare74/100

Public Transit78/100

Walkability61/100

Nightlife80/100

Food Scene82/100

Fine Dining45/100

Coffee Culture55/100

Air Quality73/100

Green Spaces45/100

Culture85/100

Beaches15/100

Hiking45/100

Surfing10/100

Coworking Spaces85

US Visa-Free180 days

How Toronto Ranks Among 340 Cities

Of the 340 cities Voyica tracks, Toronto ranks in the top 8% for public transit, but sits in the bottom 23% for air quality. It costs more than 65% of them.

Metric	Toronto	World rank	Rank in United States & Canada
Monthly cost	$2,049	#223 of 340	#10 of 80
Safety	77/100	#97 of 340	#11 of 80
Healthcare	74/100	#127 of 340	#61 of 80
Internet speed	256 Mbps	#88 of 340	#55 of 80
Walkability	61/100	#147 of 340	#22 of 80
Public transit	78/100	#26 of 340	#2 of 80
Food scene	82/100	#79 of 340	#17 of 80
Air quality	73/100	#263 of 340	#77 of 80

Rank 1 = most affordable, safest, and so on. Computed across every city in Voyica's dataset (June 2026 snapshot); ties share a rank.

Cheaper Alternatives to Toronto

Cities with a similar mix of safety, food, culture, walkability and climate that cost at least 15% less per month than Toronto.

Niagara Falls, Canada — $1,700/mo, 17% cheaper, safety 80/100
Quebec City, Canada — $1,609/mo, 21% cheaper, safety 85/100
St. John's, Canada — $1,680/mo, 18% cheaper, safety 84/100
Winnipeg, Canada — $1,631/mo, 20% cheaper, safety 70/100

Neighborhoods in Toronto

Queen West · Kensington Market · The Annex · Distillery District

Toronto FAQ

How much does it cost to live in Toronto?

A single person should budget around $2,049 per month in Toronto, covering rent, groceries, transport, and basic lifestyle costs.

How much is rent in Toronto?

A one-bedroom apartment in central Toronto averages $1,690 per month, dropping to about $1,466 outside the centre. A three-bedroom in the centre runs about $2,705.

Is Toronto safe?

Toronto scores 77/100 on safety, which is generally safe. Tourist safety is rated 72/100.

How fast is the internet in Toronto?

Median download speeds in Toronto are around 256 Mbps — fast for remote work and video calls. There are roughly 85 coworking spaces in the city.

Does Canada offer a digital nomad visa?

Canada does not currently offer a dedicated digital nomad visa. US passport holders can usually stay 180 days visa-free.

What is the weather like in Toronto?

Toronto sees summer highs around 79°F and winter highs near 35°F, with about 180 mostly sunny days a year and at least 1 mm of rain on about 103 days.