π΄
#11 Worldwide
Toronto
Canada β’ North America
Anchor Cost Index
86
Very Expensive
#11
of 120 cities
92%
More expensive than
#8
in North America
Very Expensive
Cost Level
πAnchor Price Breakdown
βΉοΈSources: Public economic data, market researchπ
Big Mac
McDonald's signature burger
$5.85
+41% vs avg95
Weight: 20%Global avg: $4.15
π
1BR Rent
City-wide median monthly
$2,100.00/mo
+114% vs avg89
Weight: 30%Global avg: $981.92
π
Uber 5km
Average 5km ride fare
$9.50
+102% vs avg91
Weight: 20%Global avg: $4.69
β
Starbucks Latte
Tall Latte price
$4.75
Near avg65
Weight: 15%Global avg: $4.34
πΊ
YouTube Premium
Monthly subscription
$13.99/mo
+72% vs avg84
Weight: 15%Global avg: $8.13
πKey Metrics
βΉοΈCalculated from verified cost dataπ
24%
Rent Burden
Rent as % of avg salary
π½οΈ
19%
Food Affordability
Food as % of avg salary
π»
76/100
Nomad Score
Digital nomad friendliness
π¨βπ©βπ§
75/100
Family Score
Family friendliness
π΅Monthly Budget Scenarios
βΉοΈBased on crowdsourced price dataπ
Backpacker
Hostels, street food, public transit
$4,214/mo
Housing
$1560Food
$2192Transport
$156Utilities
$0Entertainment
$169Other
$137π»
Digital Nomad
Coliving, coworking, mix of cooking & dining
$5,611/mo
Housing
$1890Food
$2329Transport
$218Utilities
$161Entertainment
$393Other
$620π¨βπ©βπ§
Small Family
2 adults + 1 child, outside center apartment
$9,219/mo
Housing
$3360Food
$2318Transport
$435Utilities
$628Entertainment
$304Other
$2174π’
Expat Professional
City center, quality lifestyle
$6,662/mo
Housing
$2646Food
$2392Transport
$465Utilities
$451Entertainment
$434Other
$274πUseful Resources for Toronto
π¨βπ‘οΈβπΈβ
Booking.com
Find accommodation deals worldwide
SafetyWing
Nomad health insurance from $45/mo
Wise
Send money internationally with low fees
* Some links are affiliate links. We may earn a commission at no extra cost to you.
πExtended Costs (60+ Items)
βΉοΈAggregated from public sources1BR Apartment (City Center)$2,940.00/mo
1BR Apartment (Outside Center)$1,470.00/mo
3BR Apartment (City Center)$5,880.00/mo
3BR Apartment (Outside Center)$3,360.00/mo
Price per mΒ² (Buy, City)$18,800.00/mΒ²
Price per mΒ² (Buy, Outside)$11,500.00/mΒ²
Airbnb (1BR, Monthly)$3,780.00/mo
Coliving Space$1,890.00/mo
Hostel/Dormitory$52.00/night
π°Similar Cost Cities
π How Toronto Compares
Cheaper than
10cities
More expensive than
109cities
Rank in North America
#8/12
Understanding Cost Index
0-20
Very Affordable
21-40
Affordable
41-60
Moderate
61-80
Expensive
81-100
Very Expensive
π Data Sources
We aggregate data from trusted sources to provide accurate cost of living comparisons. All prices are converted to USD.
π
Big Mac Index
Global purchasing power indicator (2024)Purchasing power parity indicator
π
Cost of Living & Rent
Crowdsourced global cost data (2024)Verified price data from multiple sources
π
Transport & Services
Regional transport pricing data (2024)Taxi, rideshare, public transit prices
πΊ
Digital Subscriptions
Regional pricing data (2024)Streaming services, digital platforms
Data is updated periodically. Prices may vary based on location, promotions, and exchange rates.