4.5% above the Canada average
Ranked #184 of 538 cities · More expensive than 65.8% of cities worldwide
Compared to Canada average
Rent Prices
| Apartment | City Centre | Outside Centre | You Save |
|---|---|---|---|
| 1-Bedroom | CAD 2,307/mo ≈ $1,656 | CAD 2,012/mo ≈ $1,444 | 13% |
| 3-Bedroom | CAD 3,679/mo ≈ $2,640 | CAD 3,084/mo ≈ $2,213 | 13% |
Toronto has a composite cost index of 53.6 from 3 independent data sources.
Toronto is average by global standards (ranked #184 of 538 cities). It is 4.5% more expensive than the Canada average, based on 24 cities.
Groceries are average, while dining out is average. Groceries offers the best value, while Rent is the priciest.
Local purchasing power is strong — residents can afford more goods and services than in most cities.
Workers in Canada earning CAD 80,522 gross take home CAD 5,098/month after tax (24% effective rate). See full Canada tax calculator →
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