Summary of The Cost of Living in Toronto, Ontario, Canada
• The average monthly cost of living for a single person in Toronto is $3,230.05 including rent, or $1,405.05 excluding rent.
• The average monthly cost of living for a couple (2 adults) in Toronto is $4,122.50 including rent, or $2,297.50 excluding rent.
• The average monthly cost of living for a family of four (2 adults + 2 children) in Toronto is $5,659.60 including rent, or $3,287.10 excluding rent.
• The average yearly cost of living in Toronto ranges from $38,760.60 for a single person to $49,470.00 for a couple, and $67,915.20 for a family of four, including rent. Excluding rent, the yearly range is $16,860.60 for a single person to $27,570.00 for a couple, and $39,445.20 for a family of four.
• For budget-conscious living in Toronto, baseline monthly expenses range from $2,176.15 for a single person to $2,663.20 for a couple, and $3,637.60 for a family of four, including rent. Excluding rent, the range is $751.15 for a single person to $1,238.20 for a couple, and $1,785.10 for a family of four.
• For comfortable/luxury living in Toronto, estimated monthly expenses range from $5,580.60 for a single person to $7,322.10 for a couple, and $10,039.80 for a family of four, including rent. Excluding rent, the range is $2,805.60 for a single person to $4,547.10 for a couple, and $6,432.30 for a family of four.
• The average monthly salary for a person in Toronto is $4,400.00, which is 213.2% more than the average monthly cost of living and 485.8% more than the budget cost of living for a single person, excluding rent.
Cost of Living Details
| Category | Subcategory | Description | Cost Range (Monthly) |
|---|---|---|---|
| Monthly rent for your primary residence (apartments, houses, condos) | |||
| Monthly electricity bill | |||
| Monthly running water bill | |||
| Monthly broadband internet subscription with unlimited data and cable TV | |||
| Monthly gas and heating expenses | |||
| Monthly mobile phone plan with data and calling | |||
| Monthly food and grocery expenses | |||
| Monthly expenses for basic household supplies and personal hygiene items (toiletries, cleaning supplies, and paper products) | |||
| Monthly transportation costs (public transit, vehicle ownership, or ride-sharing) | |||
| Monthly expenses for movies, coffee, drinks, and social activities (excluding shopping & dining) | |||
| Monthly expenses for clothing, shoes, and accessories | |||
| Monthly health insurance cost | |||
| Monthly prescription medications and pharmacy expenses | |||
| Monthly doctor visits and dental care expenses | |||
| Monthly gym membership | |||
| Monthly expenses for laundry and housekeeping services | |||
| Monthly expenses for food and basic care per pet (grooming, veterinary visits, treats, and medications) | |||
| Monthly childcare and school fees | |||
| Total (selected items only) | |||
Expense Distribution
Salary Info
| Category | Subcategory | Description | Salary Range (Monthly) |
|---|---|---|---|
| Salary | Salary | Monthly salary (full-time) |