New York vs Toronto
Cost of Living Comparison (2026)
Overall Verdict
Toronto is 33% cheaper than New York overall. New York is very expensive while Toronto is expensive.
$1,857/mo
New York 1BR Rent
$1,299/mo
Toronto 1BR Rent
Cost Comparison
| Category | New York | Toronto | Winner |
|---|---|---|---|
| 1BR Rent (City Center) | $1,857/mo | $1,299/mo | Toronto |
| 3BR Rent (City Center) | $3,442/mo | $2,528/mo | Toronto |
| Meal (Inexpensive) | $17 | $12 | Toronto |
| Meal for 2 (Mid-Range) | $76 | $59 | Toronto |
| Monthly Groceries | $431 | $302 | Toronto |
| Monthly Transport | $110 | $83 | Toronto |
| Monthly Utilities | $207 | $120 | Toronto |
| Internet | $54/mo | $42/mo | Toronto |
| Coffee | $5 | $3 | Toronto |
| Beer (Domestic) | $8 | $6 | Toronto |
| Gym Membership | $56/mo | $39/mo | Toronto |
Quality of Life Comparison
Overall Quality
82
84
Safety
55
72
Healthcare
78
85
Education
83
87
Internet Speed
163
168
Nightlife
78
84
Which City Is Better For...
Budget LivingToronto
SafetyToronto
HealthcareToronto
NightlifeToronto
FamiliesToronto
Remote WorkToronto