New York vs Toronto
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Cost of living
Living in Toronto is about 44% cheaper than in New York.
Real buying power
In Toronto, your money buys 13% more than in New York.
To live like in New York, you need about 4,309 CAD net in Toronto.
net / month
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New York monthly savings
$300
5% of net
Toronto monthly savings
$763
22% of net
Cost breakdown (USD / month)
| New York | Toronto | |
|---|---|---|
| 1-bed apartment, centre | $3,800 | $1,636 |
| 1-bed apartment, outside centre | $2,800 | $1,454 |
| 3-bed apartment, centre | $7,000 | $2,775 |
| Room in shared flat | $1,500 | $727 |
| Buy price per m2 | $17,000 | $8,895 |
| Living cost excl. rent | $1,400 | $1,084 |
| net / month | $5,500 | $3,483 |
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Create free accountHow we calculate and where the data comes from
Educational model, not financial, tax or relocation advice. Figures are estimates for 2026 and are rounded to ranges, never exact values. Our cost index is built from open data and adapted by CrawlJobs (aggregated and reweighted); it is not endorsed by the sources.
Sources: Eurostat (free reuse, Commission Decision 2011/833/EU), World Bank Open Data ICP (CC-BY-4.0), US BEA / HUD / Census (public domain), GeoNames (CC-BY-4.0). Source and product names are used for attribution only; no affiliation or endorsement is implied.