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What is the Cost of Living in Toronto in 2025?

What is the Average Cost of Living in Toronto?

Toronto is considered more expensive than 66% of the cities in North America. The approximate cost of living in Toronto for a single person is C$3,600, and that of a family of four is C$6,200. The table below shows the approximate monthly outlays in Toronto:

Area of Expense Cost
Rent C$1,600 to C$2,500
Entertainment C$15-40 per person
Groceries C$300-400
Transport Public transportation (TTC) costs up to C$3.25 per ride. Gasoline costs approximately C$1.40 to C$1.60 per litre.
Utilities C$100 to C$150 per month
Schooling of children C$40,750-C$44,100 per year

Cost of Living in Toronto for Bachelors

In Toronto, typical living expenses include rent, utilities, food, entertainment, transportation, and other expenses. Factors such as location, different lifestyle choices, and spending habits may all affect expenditure. Below is a table showing some key expenses:

Area of Expense Price Range
Accommodation C$1,600 - C$2,500 per month
Groceries C$300 - C$400
Transport Single ride fare (adult): C$3.25, Gasoline: C$1.40 - C$1.60 per litre
Utilities C$100 - C$150 per month
Entertainment and Shopping C$13 - C$50
Housemaid C$15 - C$25 per hour
Wi-Fi C$50 - C$80 per month
Bus Pass/Metro Pass Monthly pass: C$156 (for unlimited travel within Toronto)
Miscellaneous C$50 - C$200 per month

Cost of Living in Toronto for Students

The cost of living for students in Toronto includes various essential expenses, as outlined in the table: 

Area of Expense Price Range
Rent (shared apartment) C$600 - C$1,000 per month
Rent (single room PG) C$800 - C$1,200 per month
Food (monthly) C$200 - C$400
Transportation (monthly) C$165
Utilities (monthly) C$50 - C$100 per person
Wi-Fi C$50 - C$80 per month
Miscellaneous C$100 - C$300
Bus Pass/Metro Pass Regular Adult Pass: C$156, Post-Secondary Student Pass: C$128.15

Cost of Living in Toronto for a Family

You can find accommodations in Toronto, such as apartments, cottages, and villas. Check out the table below for the main costs of living in Toronto for families: 

Area of Expense Price Range
Accommodation C$2,500 - C$5,500 per month
Groceries & Food C$800 - C$1,200 per month
Transport Adult Monthly Pass: C$156 per person, Children under 12 ride free on TTC, Gasoline: C$ 1.40 - C$1.60 per litre (fuel prices vary)
Utilities C$150 - C$250 per month
Entertainment & Shopping C$50 - C$100 per event
Education & Daycare C$1,000 - C$2,000 per month
Housemaid C$20 - C$30 per hour
Wi-Fi C$30/month - C$140/month
Miscellaneous C$200 - C$400 per month

Cost of Living in Toronto for Couples

In Toronto, couples must consider costs like rent, electricity, groceries, commuting, and entertainment. Check out the table below for more details: 

Area of Expense Price Range
1 BHK apartment for rent C$1,600 - C$2,500 per month
2 BHK apartments for rent C$2,000 - C$3,500 per month
Electricity bill C$50 - C$150
Bus pass TTC (Toronto Transit Commission) Monthly Pass (for Adults): C$156 per person
Wi-Fi C$50 - C$80
Groceries C$400 - C$600
Meal for two C$50 - C$100
Housemaid C$20 - C$30 per hour
Miscellaneous C$200 - C$400 per month

Factors That Determine the Cost of Living in Toronto

The factors that impact the cost of living in Toronto include the following:

1.  Housing

Just like any other city, finding a decent living space is the first thing that comes to an individual's mind after moving to a new city. The monthly rent of various types of houses is mentioned in the table below

City District/ Studio 1 BHK 2 BHK 3+ BHK
Liberty Village/ C$ 2,200 C$2,800 C$3,800 C$5,800
Kensington/ C$ 1,900 C$2,400 C$3,200 C$4,500
Parkdale/ C$ 1,800 C$2,100 C$2,700 C$3,700
Yorkville/ C$ 2,300 C$3,100 C$4,800 C$5,700
Runnymede/ NA C$2,000 C$2,300 C$4,500
Riverdale/ C$ 1,800 C$3,000 C$3,300 C$5,000
East Danforth/ C$ 1,500 C$1,900 C$3,000 C$4,500
The Beaches/ C$ 1,900 C$2,300 C$2,900 C$5,500

2. Groceries

The monthly money spent on groceries depends on an individual’s preference and personal needs. Furthermore, the cost depends on where you buy the grocery items.

Grocery Items Approximate Cost
Milk (1 litre) C$3
White bread (1 loaf) C$3
White rice (1 kilogram) C$3
Eggs (1 dozen) C$4
Cheese (200 grams) C$18
Chicken breast (1 kilogram) C$15
Apples (1 kilogram) C$6
Bananas (1 kilogram) C$4
Oranges (1 kilogram) C$6
Tomatoes (1 kilogram) C$4
Potatoes (1 kilogram) C$3
Onions (1 kilogram) C$3
Lettuce (1 head) C$2

3. Transportation

The monthly cost of transportation depends on the distance between your workspace and the university. Toronto is well connected with an efficient public transportation system known as TCC. This TCC system consists of buses, streetcars and subways.

Fuel Cost/Transportation Service Approximate Cost
One-way ticket (public transport) C$3
Monthly pass (public transport) C$156
Taxi 1 km normal tariff C$2
Price of diesel (as of 21st July 2024) C$1.72 per litre
Price of gasoline (as of 21st July 2024) C$1.79 per litre
Cabs (minimum cost) C$4.25

4. Utilities

One should also consider the cost of basic utilities such as electricity, gas supply, prepaid mobile plan and unlimited internet package while evaluating the monthly expenses for living in Toronto. The table below shows the approximate cost of some basic utilities.

Utilities Approximate Cost
Electricity, cooling, heating, water, garbage C$386
Local prepaid mobile tariff (1 min) C$0.46
Unlimited internet package C$75

5.  Entertainment and Leisure

This area of expense includes dining at restaurants, social activities, going to a pub or nightclub, etc. The cost of entertainment primarily depends on where you go and the time you spend in these areas.

Area of Expense Approximate Cost
1-month gym membership C$62
1-hour rent for a tennis court C$28
1 seat in a cinema hall C$16
A meal in an affordable restaurant (1 person) C$20
Three-course meal in a mid-range restaurant C$80
McMeal at McDonald's C$12

6. Childcare and Schooling

Finding a good school or kindergarten is very important if you are moving in with your kids. The monthly tuition fees of education institutes also impact the cost of living in Toronto for a family. Toronto has a number of reputed schools that provide quality education to the kids.

Schools and Childcare Approximate Cost
Preschool, private, full-day for 1 child C$1,700
International primary school for 1 child C$27,000
Furthermore, the table below lists some of the best schools in Toronto –
Name of School Curriculum
Branksome Hall International Baccalaureate
Walden International School International Baccalaureate
TAIE International Institute Canadian, International Baccalaureate
Keystone International School Canadian
Blyth Academy Downsview Park Canadian
The Giles School International Baccalaureate
Bronte College International Baccalaureate, Canadian

Tips on Reducing the Cost of Living in Toronto

Important Things to Know Before Moving to Toronto

Frequently Asked Questions