Toronto, Canada
Cost of Living in Toronto
Last updated on Feb 17, 2023
Summary: The cost of living in Toronto, Canada is generally considered to be high. A nice 1 bedroom apartment in Toronto can cost anywhere from $1,500 to $2,500 USD per month, while a nice 2 bedroom apartment can cost anywhere from $2,000 to $3,500 USD per month. The cost of dinner at a moderately priced restaurant in Toronto can range from $15 to $30 USD per person.
Is the cost of living in Toronto high?
We asked people how much they someone comfortably live on in Toronto, they wrote:
"The cost of living in Toronto is generally considered to be high. Rent prices in the city are among the highest in the country, and the cost of groceries, transportation, and other necessities can also be quite expensive. However, the city offers a wide range of activities and amenities that can help to offset the cost of living," remarked one expat in Toronto.
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William RussellWilliam Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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Will I save money living in Toronto?
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About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
Other Questions:
- What should I pack when moving to Toronto?
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- Will I be able to find a job in Toronto?
- What is life like as an expat in your area?
- What do expats in Toronto appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Toronto?
- Is there a lot of diversity? Are people in Toronto accepting of differences?
- What are the schools in Toronto like?
- How are healthcare services in Toronto?
- What are medical services in Toronto like?
- Are healthcare and health insurance expensive in Toronto?
- What are emergency services like in Toronto?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Toronto?
- How are local medical facilities in Toronto?
- As a foreigner living in Toronto, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
