Cost of Living in Toronto
Canada's financial engine; offers a diverse, safe, big-city life, but suffers from a severe housing affordability crisis.
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£2,073
Average cost per month
Distribution of Expenses
Multicultural neighborhoods & theatre
Lakeside skyline & humidity
High demand housing; financial center
Cost of living breakdown for Toronto
You can expect to spend around £2,073 per month for 1 person as of 2026, on common living costs such as housing, food, and transport.
Housing
Standard of Living
Food & Drink
Toronto average costs for food and drink.
Salary & Services
Toronto average salaries and services.
Average living costs in Canada
| Item | Average price | Price range |
|---|---|---|
| 1 Bedroom Apartment in City CentreRent Per Month | £1,222.44 | £1,084.38 - £1,463.91 |
| 1 Bedroom Apartment Outside of CentreRent Per Month | £1,077.15 | £948.83 - £1,247.03 |
| 3 Bedroom Apartment in City CentreRent Per Month | £2,013.58 | £1,735.00 - £2,710.95 |
| 3 Bedroom Apartment Outside of CentreRent Per Month | £1,668.28 | £1,355.47 - £1,897.66 |
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Cities in Canada
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Frequently asked questions
The cost of living in Toronto depends on your lifestyle. On average, a single person needs £851 per month without rent, while a family of four requires £3,045. Renting a 1-bedroom apartment in the city centre costs an additional £1,222 on average.
Public transport prices vary, but generally, a one-way ticket for local transport in Toronto costs £2. If you are commuting regularly, a monthly pass is typically priced at £85.
The average monthly net salary (after tax) in Toronto is currently £2,708.
Dining costs depend on your choices. A meal at an inexpensive restaurant in Toronto costs approximately £14, while a three-course meal for two people at a mid-range restaurant costs around £65.
The estimated monthly cost of living in Toronto for a single person is £851, excluding rent.
For a family of four living in Toronto, the estimated monthly costs are £3,045, not including rent.
Rent prices in Toronto depend on the area. The average monthly rent for a 1-bedroom apartment in the city centre is £1,222, compared to £1,077 outside the centre. For a 3-bedroom apartment, the average is £2,014 in the centre and £1,668 in suburban areas.
Basic utilities in Toronto (including electricity, heating, cooling, water, and garbage for an 85m² apartment) cost an average of £106 per month. Internet access typically adds another £38.