UnpinnedGlobal City Directory

Toronto

Canada

Cost of Living in Toronto

Comprehensive breakdown of living costs, rent prices, and quality of life metrics

Cost of Living Analysis

Toronto, Canada's largest city, offers a vibrant urban experience but comes with a relatively high cost of living, especially in comparison to other Canadian cities. For digital nomads, the city's expenses can be significant, particularly in areas such as housing and daily necessities.

Housing is one of the most substantial expenses in Toronto. Renting a one-bedroom apartment in the city center can be quite costly, while options in surrounding neighborhoods like East York and North York may offer more affordable alternatives. Public transportation is efficient, with a monthly transit pass available, and the city is well-served by ridesharing services. Utilities, including electricity, heating, and water, typically add to monthly expenses, and high-speed internet services are widely available. (aseanup.com)

Food and dining costs in Toronto are moderate. Grocery expenses for a single person can vary, and dining out at mid-range restaurants is common. The city boasts a diverse culinary scene, reflecting its multicultural population. Healthcare is publicly funded for residents, but digital nomads may need to secure private health insurance to cover medical expenses during their stay. (gypsywarrior.com)

Quality of life in Toronto is high, with a rich cultural landscape, numerous parks, and a variety of entertainment options. The city is generally safe, though, like any large urban area, it has neighborhoods with varying safety levels. Winters can be harsh, with cold temperatures and snow, which might be a consideration for those unaccustomed to such climates. (nomads.com)

For digital nomads considering Toronto, it's advisable to budget carefully, especially for housing and daily expenses. Exploring different neighborhoods can lead to more affordable living arrangements. Taking advantage of the city's public transportation can reduce costs associated with owning a vehicle. Engaging with local communities and coworking spaces can also enhance the experience, providing networking opportunities and a sense of belonging in this dynamic city.

Overall Ranking

Global Rank
#125
Cost of Living Index
63.8
Quality of Life
160.8

Cost Breakdown

Rent Index
42.8
Groceries Index
68.8
Restaurant Index
61.8
Local Purchasing Power
115.9

Housing & Property

Cost of Living + Rent Index
54.7
Property Price to Income Ratio
13.1

Safety & Healthcare

Safety Index
56.3
Crime Index
43.7
Healthcare Index
74

Environment & Transportation

Pollution Index
37.8
Climate Index
65.3
Traffic Index
199.9
Data last updated: 2025-07-05T00:00:00.000Z

Understanding the Indices:

  • Cost indices: Lower values indicate lower costs (better for budget)
  • Quality indices: Higher values indicate better quality/safety
  • Rank: Lower numbers indicate better overall affordability