Toronto, Canada
Cost of living · 2023 · Americas · Rent +6.8% vs 2022
Rent trend in Toronto (2022–2026)
Cost breakdown in Toronto (2023)
Estimated monthly budget in Toronto
Based on 2023 data. Includes rent, groceries, transport, utilities and occasional dining out.
Cost comparison — cities in Canada (2023)
| City | 1-Bed Rent | Groceries | Transport | Utilities | vs Toronto |
|---|---|---|---|---|---|
| Toronto | CAD 2,444 | CAD 489 | CAD 155 | CAD 174 | — |
| Calgary | CAD 1,786 | CAD 475 | CAD 108 | CAD 165 | -26.9% |
| Edmonton | CAD 1,598 | CAD 451 | CAD 94 | CAD 158 | -34.6% |
| Montreal | CAD 1,692 | CAD 465 | CAD 90 | CAD 160 | -30.8% |
| Ottawa | CAD 1,880 | CAD 461 | CAD 120 | CAD 155 | -23.1% |
| Vancouver | CAD 2,632 | CAD 503 | CAD 108 | CAD 179 | +7.7% |
Frequently asked questions
What is the cost of living in Toronto in 2023?
In 2023, a single person living in Toronto needs approximately CAD 3,427/month, covering rent, groceries, transport and utilities. A family of 3–4 typically spends around CAD 6,424/month. Toronto is considered a relatively expensive city by global standards.
How much is rent in Toronto in 2023?
A 1-bedroom apartment in Toronto costs approximately CAD 2,444/month in 2023. A 3-bedroom apartment runs around CAD 4,418/month. Rent has changed +6.8% vs 2022.
How much do groceries cost in Toronto?
Monthly grocery costs for one person in Toronto are approximately CAD 489 in 2023. This covers basic supermarket shopping including food and household essentials.
What does public transport cost in Toronto?
A monthly public transport pass in Toronto costs CAD 155 in 2023, covering unlimited bus, metro and tram travel within the city.
How much are utilities in Toronto?
Monthly utility costs in Toronto average CAD 174 in 2023, covering electricity, heating/cooling, water and internet for a standard apartment.
Is Toronto expensive to live in?
Toronto is located in Canada (Americas). With a 1-bed rent of CAD 2,444/month and total single-person expenses around CAD 3,427/month, it is relatively expensive by global standards.
How much does eating out cost in Toronto?
A typical restaurant meal for one person in Toronto costs approximately CAD 21 in 2023. Budget around CAD 165/month if dining out a few times a week.
How have living costs in Toronto changed over time?
LifeIndexed tracks cost of living data for Toronto from 2022 to 2026. 1-bed rent has increased by 20.7% over this period (from CAD 2,288 in 2022 to CAD 2,761 in 2026). Use the year tabs above to compare costs across years.
What is the monthly budget needed to live comfortably in Toronto?
To live comfortably in Toronto in 2023, a single person needs approximately CAD 3,427/month. This covers rent (CAD 2,444), groceries (CAD 489), transport (CAD 155), utilities (CAD 174) and dining out occasionally. A family of 3–4 should budget around CAD 6,424/month.