Is New York more expensive than Toronto?

New York is 50.4% more expensive than Toronto overall. Rent is 164.6% higher, groceries 38.3% more expensive, and restaurants 46.0% more expensive.

Which city has better purchasing power, Toronto or New York?

Toronto has a purchasing power index of 127.6 while New York has 100.0 (NYC = 100). Toronto offers better purchasing power.

Cost of Living Comparison · 2026

🇨🇦 Toronto vs 🇺🇸 New York

2026

New York is 50.4% more expensive

Category	🇨🇦 Toronto	🇺🇸 New York	Difference
Cost of Living	66.5	100.0	+50.4%
Rent	37.8	100.0	+164.6%
Groceries	72.3	100.0	+38.3%
Restaurants	68.5	100.0	+46.0%
Purchasing Power	127.6	100.0	-21.6%

Data verified Q1 2026 · Source: Numbeo cost-of-living indices (NYC = 100 baseline) · Indices reflect relative costs; absolute prices vary by neighbourhood.

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