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Canada

Cost of Living in Toronto

Find out if you can afford to live in Toronto. Calculate your expenses for rent, food, transport & more. Get a personalized affordability report.

$2,100
Rent
$400
Food
$156
Transport
$160
Utilities

Cost Breakdown in Toronto

Rent Analysis

The average rent for a 1-bedroom apartment in the city center of Toronto is approximately $2,100 per month.

$2,100
average monthly rent

Salary Comparison

See how your salary stacks up against the cost of living in Toronto.

Recommended salary
$8,200
monthly before tax

Total Monthly Cost

Average lifestyle, single person

$2,816/mo

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Cost of Living Calculator

Currency
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Adults
1
Children
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Tips to Save Money in Toronto

Consider living slightly outside the city center to save 20-40% on rent.

Cook at home and use local markets for fresh, affordable produce.

Use public transportation instead of ride-sharing services.

Look for shared housing or co-living spaces to reduce costs.

Take advantage of free cultural events and outdoor activities.

🏥 Healthcare in Toronto

Toronto offers both public and private healthcare options for residents and expats. Private health insurance typically costs between $50–$150/month and provides comprehensive coverage including doctor visits, specialist consultations, and emergency care. Many international workers opt for private insurance to ensure faster access to English-speaking doctors.

🌐 Internet & Coworking in Toronto

Toronto has reliable high-speed internet with average speeds of 50–200 Mbps. Home broadband typically costs $30–$60/month. For digital nomads and remote workers, coworking spaces range from $100–$300/month for a hot desk. Many cafés also offer strong WiFi, making Toronto a productive base for remote work.

🛂 Visa & Immigration for Toronto

Visa requirements for Toronto depend on your nationality and purpose of stay. Many countries now offer digital nomad visas for remote workers with minimum income requirements. Always check the latest immigration rules for Canada before planning your move. Consider consulting an immigration specialist for personalized advice.

🔒 Safety in Toronto

Toronto is generally considered safe for expats and tourists. As with any major city, exercise standard precautions: be aware of your surroundings, avoid poorly lit areas at night, and keep valuables secure. Petty theft (pickpocketing) can occur in tourist areas, so stay vigilant in crowded spaces.

Frequently Asked Questions

What is the average cost of living in Toronto?
The average monthly cost of living in Toronto for a single person is approximately $2,816, including rent, food, transport, and utilities.
Is Toronto expensive to live in?
With a cost index of 1.35, Toronto is more expensive than average compared to other major cities worldwide.
What salary do I need to live comfortably in Toronto?
To live comfortably in Toronto, you would need a monthly salary of at least $8,200 before tax.
How much is rent in Toronto?
The average rent for a 1-bedroom apartment in Toronto's city center is approximately $2,100 per month.
What do software engineers earn in Toronto?
Software engineers in Toronto earn an estimated $10,830 gross per month (approximately $8,014 after tax). This is based on a US median of $9,500/mo scaled by Toronto's cost-of-living index (1.35x).
What are the highest-paying jobs in Toronto?
The highest-paying jobs in Toronto include Doctor/Physician (~$18,240/mo), Surgeon (~$25,080/mo), Investment Banker (~$13,680/mo), Software Engineer (~$10,830/mo), and Dentist (~$14,820/mo). All figures are gross monthly estimates adjusted for local cost of living.
Is Toronto a good place for digital nomads?
Toronto attracts digital nomads with its vibrant expat community and modern coworking spaces. With monthly living costs around $2,816, it suits remote workers with higher income levels.
How much does food cost per month in Toronto?
A single person spending an average on food in Toronto can expect to pay around $400 per month. This includes groceries for home cooking and occasional restaurant meals. Eating out frequently at mid-range restaurants can push this figure higher.
What are the transport costs in Toronto?
Monthly transport costs in Toronto average around $156 per person. This typically covers a monthly transit pass or equivalent commuting expenses. Owning a car will significantly increase this figure due to insurance, fuel, and parking.
How much are utilities in Toronto?
Monthly utility bills (electricity, heating/cooling, water, and garbage) in Toronto average $160 for a standard apartment. Costs vary seasonally — expect higher bills in winter or summer depending on the climate.
What is the tax rate in Toronto?
The effective income tax rate for a mid-income earner in Canada is approximately 26%. This is a simplified estimate — actual rates depend on your specific income level, filing status, and any applicable deductions or credits. Consult a local tax advisor for personalized guidance.
How does Toronto compare to other cities for cost of living?
Toronto has a cost-of-living index of 1.35x the US average. It ranks among the more expensive global cities, comparable to other high-cost metropolitan areas.

Job Salaries in Toronto

Estimated gross monthly salaries for popular professions in Toronto, adjusted for local cost of living (index: 1.35x US average).

Software Engineer
$10,830
gross/mo
Data Scientist
$10,260
gross/mo
Doctor / Physician
$18,240
gross/mo
Nurse
$7,410
gross/mo
Financial Analyst
$7,980
gross/mo
Teacher
$5,472
gross/mo
Marketing Manager
$7,410
gross/mo
Civil Engineer
$7,980
gross/mo

* Estimates are based on US median salaries adjusted for Toronto's cost index. Actual salaries vary by employer, experience, and industry. Use the search below to find real open positions.

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Help others planning to move to Toronto

Data Methodology: Cost of living data is based on crowdsourced statistics and government sources including Numbeo, OECD, and national statistics offices as of 2026. Actual costs may vary based on lifestyle, neighborhood, and personal circumstances. Salary estimates are derived from US median salaries adjusted by local cost-of-living indices. This tool is for informational purposes and should not be used as the sole basis for financial decisions. Learn more about our methodology →

Last updated: May 2026

Toronto · $2,816/mo

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