Cost Analysis

Cost of Living in Toronto (2026)

Detailed breakdown of living costs in Toronto, Canada. Average monthly expenses for rent, groceries, transportation, and healthcare.

Single Person

$2,364

per month

Family (4 people)

$3,930

per month

Average Rent

$1,682

1 bedroom

Cost of Living Overview

Toronto offers a moderately priced lifestyle compared to other major cities. A single person can expect to spend around $2,364 per month for a comfortable standard of living, while a family of four should budget approximately $3,930.

Housing is the largest expense, with one-bedroom apartments averaging $1,682 per month. Internet speeds of 120 Mbps make it excellent for remote work.

Housing

1 Bedroom Apartment (City Center)$1,682
3 Bedroom Apartment (Family)$2,683
Real Estate Price per m²$8,793

Daily Expenses

Groceries (Monthly)$500
Internet (Monthly)$51

Transportation

Public Transport (Monthly)$130
Car Ownership (Monthly)$494

Healthcare

Health Insurance (Monthly)$0

Total Estimated Monthly Cost

Single Person

$2,364

Family of 4

$3,930

Personalized Cost Calculator

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Cost Summary

Rent (1BR)$1,682
Groceries$500
Transport$130
Healthcare$0
Internet$51
Total$2,364

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