New York City vs Toronto - Cost of Living Comparison

Updated: March 02, 2025

	New York City	Toronto
🚶 Cost of living one person	$4441	$2453
👨‍👩‍👧‍👦 Cost of living Family	$10033	$5408
🏠 One person rent	$2960	$1480
🏘️ Family rent	$5380	$2344
🍽️ Food expenses	$886	$602
🚐 Transport expenses	$364	$240
💳 Monthly salary after tax	$5544	$3141
😷 Air quality	Good	Good
✈️ Airport proximity	13 km	5 km
🎓 Higher education	100	86
😀 Quality of life	95	93
🏙️ Population	8.8M	2.79M

The cost of living in New York City is 81% more expensive than in Toronto. Cities ranked 3rd and 861st ($4441 vs $2453) in the list of the most expensive cities in the world and ranked 1st and 4th in the United States and Canada, respectively. Check the United States vs Canada comparison.

The average after-tax salary is enough to cover living expenses for 1.2 months in New York City compared to 1.3 months in Toronto. New York City ranked 2nd best city to live in the United States vs Toronto ranked 2nd in Canada, while ranked 22nd and 59th among best cities to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Cost of living in New York City vs Toronto infographic

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Prices in New York City vs Toronto

Prices for goods and services in New York City and Toronto are partly crowdsourced by our visitors, just like yourself. Please consider telling us about your city.

	New York City	Toronto
Eating Out
🍱 Lunch Menu	$29.7	$17.3
🥂 Dinner in a Restaurant, for 2	$133	$74.9
🥪 Fast food meal, equiv. McDonald's	$12	$10.6
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$8.94	$6.08
☕ Cappuccino	$5.95	$4.07
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$3.2	$2.14
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$3501	$1577
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$2603	$1302
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$4776	$2556
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$5236	$2087
🔌 Utility Bill one person, electricity, heating, water, etc.	$112	$74.4
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$171	$114
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$65.5	$48.6
🏦 Mortgage Interest Rate for 20 Years	6.55%	5.83%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$17935	$9200
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$12929	$7455
Transportation
🚌 Local transport ticket	$2.91	$2.34
🎟️ Monthly ticket local transport	$132	$112
🚕 Taxi Ride, 8 km or 5 mi	$22.5	$15.4
⛽ Gas / Petrol, 1 L or 0.26 gal	$1	$1.09
Groceries
🥛 Milk, 1 L or 1 qt	$1.53	$2.76
🍞 Bread, 0.5 kg or 1.1 lb	$5.04	$2.44
🍚 Rice, 1 kg or 2.2 lb	$7.95	$2.81
🥚 Eggs, x12	$5.54	$3.73
🧀 Cheese, 1 kg or 2.2 lb	$17.6	$13.9
🐔 Chicken Breast, 1 kg or 2.2 lb	$15.4	$12.9
🥩 Round Steak, 1 kg or 2.2 lb	$20	$15
🍏 Apples, 1 kg or 2.2 lb	$7.6	$3.82
🍌 Banana, 1 kg or 2.2 lb	$2.37	$1.16
🍊 Oranges, 1 kg or 2.2 lb	$6.05	$3.25
🍅 Tomato, 1 kg or 2.2 lb	$6.2	$3.95
🥔 Potato, 1 kg or 2.2 lb	$3.66	$2.64
🧅 Onion, 1 kg or 2.2 lb	$3.84	$2.89
🌊 Water, 1 L or 1 qt	$1.72	$1.18
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$3.41	$2.34
🍾 Wine (mid-priced), 750 mL bottle	$20	$13.5
🍺 Beer, 0.5 L or 16 fl oz	$2.89	$2.5
🚬 Cigarette pack	$18.1	$13.2
💊 Cold medicince, 1 week	$9.89	$12.7
🧴 Hair Shampoo	$5.44	$5.96
🧻 Toilet paper, 4 rolls	$6.94	$3.23
👄 Toothpaste, 1 tube	$1.95	$3.62
Other
🏋️ Gym Membership, 1 month	$71	$47.2
🎫 Cinema Ticket, 1 person	$20.1	$12.2
👩‍⚕️ Doctor's visit	$173	$65.9
💇 Haircut, simple	$36.1	$22.2
👖 Brand Jeans	$67.3	$53.2
👟 Brand Sneakers	$113	$88.8
👶 Daycare or Preschool, 1 month	$1784	$1130
🏫 International Primary School, 1 year	$21465	$17118

Cost of living in other countries

Cost of living

Cost of Living in the nearest cities

Cities near New York City

Distance	City	Cost of living
11 km or 6.6 mi	Astoria	$2534
11 km or 6.8 mi	Hoboken	$3271
11 km or 7.1 mi	Jersey	$3040
13 km or 8.3 mi	Union	$2886
14 km or 8.8 mi	West New York	$2703
14 km or 8.9 mi	Bayonne	$3302
15 km or 9.6 mi	North Bergen	$2701
17 km or 10 mi	Secaucus	$2756
17 km or 11 mi	Cliffside Park	$2698
18 km or 11 mi	Kearny	$2720
20 km or 12 mi	Valley Stream	$2730
20 km or 13 mi	Fort Lee	$2792
20 km or 13 mi	Lyndhurst	$2667
22 km or 14 mi	Newark	$2729
23 km or 14 mi	Elizabeth	$2740
23 km or 14 mi	Belleville	$2512
25 km or 15 mi	Hillside	$2693
25 km or 15 mi	Long Beach	$2732
25 km or 15 mi	Nutley	$2531
25 km or 16 mi	East Orange	$2587
25 km or 16 mi	Irvington	$2637
26 km or 16 mi	Rockville Centre	$2614
26 km or 16 mi	Linden	$2749
26 km or 16 mi	Hackensack	$2664
26 km or 16 mi	Bloomfield	$2480
26 km or 16 mi	Teaneck	$2715
26 km or 16 mi	Carteret	$2722
26 km or 16 mi	Passaic	$2676
27 km or 17 mi	Roselle	$2747
27 km or 17 mi	Hempstead	$2664
28 km or 17 mi	Union Township	$2716
28 km or 18 mi	Clifton	$2745
28 km or 18 mi	Maplewood	$2611
29 km or 18 mi	Montclair	$2456
29 km or 18 mi	Bergenfield	$2674
29 km or 18 mi	Mount Vernon	$2772
30 km or 18 mi	Rahway	$2730
30 km or 18 mi	Uniondale	$2610
30 km or 18 mi	West Orange	$2456
30 km or 18 mi	New Rochelle	$3111

Cities near Toronto

Distance	City	Cost of living
20 km or 13 mi	Vaughan	$2267
23 km or 14 mi	Mississauga	$2370
24 km or 15 mi	Richmond Hill	$2447
26 km or 16 mi	Markham	$2291
31 km or 19 mi	Brampton	$1946
34 km or 21 mi	Oakville	$2142
35 km or 22 mi	Ajax	$2432
46 km or 28 mi	Halton Hills	$1966
50 km or 31 mi	Oshawa	$1554
51 km or 32 mi	Burlington	$2185
54 km or 34 mi	New Tecumseth	$2019
56 km or 35 mi	St. Catharines	$1846
60 km or 37 mi	Hamilton	$2017
65 km or 40 mi	Orangeville	$1861
67 km or 41 mi	Niagara Falls	$1771
71 km or 44 mi	Niagara Falls	$1888
71 km or 44 mi	Guelph	$1899
77 km or 48 mi	Welland	$1554
81 km or 50 mi	Grand Island	$2009
81 km or 51 mi	Lockport	$2021
82 km or 51 mi	North Tonawanda	$1992
82 km or 51 mi	Cambridge	$2089
84 km or 52 mi	Barrie	$1849
89 km or 56 mi	Brantford	$1783
90 km or 56 mi	Amherst	$2013
92 km or 57 mi	Kitchener	$2056
94 km or 58 mi	Waterloo	$1977
96 km or 59 mi	Buffalo	$2183
100 km or 62 mi	Cheektowaga	$2107
100 km or 62 mi	Clarence	$2056
103 km or 64 mi	West Seneca	$2145
103 km or 64 mi	Orillia	$1910
105 km or 65 mi	Lancaster	$2082
111 km or 69 mi	Peterborough	$1990
112 km or 70 mi	Hamburg	$2101
114 km or 71 mi	Orchard Park	$2100
132 km or 82 mi	Stratford	$1680
146 km or 91 mi	Greece	$2097
146 km or 91 mi	Chili	$2081
148 km or 92 mi	Gates	$2095