Cost of living in Toronto in 2026
🇨🇦 Canada · Major city
What it really costs to live in Toronto: rent, groceries, utilities, transport and a realistic monthly budget. Generate a free plan below with a budget tailored to your household.
Monthly costs in Toronto
Typical monthly figures shown in USD (local currency in parentheses). Ranges, not exact prices — reviewed July 2026. Always confirm current prices before you budget.
- Rent · 1-bed, city centre
- $1,400–$2,050(CA$1,900–CA$2,800)
- Rent · 1-bed, outside centre
- $1,100–$1,600(CA$1,500–CA$2,200)
- Rent · 3-bed, city centre
- $2,050–$3,100(CA$2,800–CA$4,200)
- Utilities (electric, water, gas)
- $110–$170(CA$150–CA$230)
- Home internet
- $52–$75(CA$70–CA$100)
- Mobile plan
- $45–$70(CA$60–CA$90)
- Groceries · one adult
- $280–$400(CA$380–CA$550)
- Meal · inexpensive restaurant
- $15–$21(CA$20–CA$28)
- Dinner for two · mid-range
- $66–$103(CA$90–CA$140)
- Monthly transit pass
- $103–$132(CA$140–CA$180)
Living costs · single (excl. rent)
$700–$1,030
Living costs · family of four (excl. rent)
$2,360–$3,150
Cost index vs USA
80/ 100
USA = 100, excluding rent; Numbeo puts Canada slightly below the USA on day-to-day costs.
Income tax (Canada)
Federal and provincial progressive income tax, together roughly 20–50% at the top brackets.
VAT / GST
5%
Federal GST 5% plus provincial PST/HST (combined 13–15% in most provinces).
- High mobile and internet costs are a distinct line item compared with Europe.
- In big cities (Toronto, Vancouver) rent approaches US levels; smaller cities are noticeably cheaper.
- Public healthcare covers basics, but specialist waits can be long; private insurance speeds access.
- The climate adds heating and winter-clothing costs worth planning into the overall budget.
Sources: Numbeo Cost of Living Canada · Expatistan — Cost of Living in Toronto · PwC Canada — Personal Income Tax.
Frequently asked questions
How much money do I need to live in Toronto?
In Toronto, expect roughly $700–$1,030 a month in living costs for a single person, and about $2,360–$3,150 for a family of four, excluding rent (July 2026). Add rent from the breakdown below — a one-bed typically runs $1,400–$2,050 in the centre. Generate a free plan above for a budget matched to your household and priorities.
How much is rent in Toronto?
A one-bedroom flat in the centre runs about $1,400–$2,050 a month (CA$1,900–CA$2,800); outside the centre it is roughly $1,100–$1,600. Rents vary sharply by district — always confirm current listings.
How current is this cost data?
These figures reflect July 2026 and are ranges, not exact prices. Every source is linked below. Always confirm current prices locally before you budget.