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.
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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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.