New York City vs Toronto - Cost of Living Comparison

Updated: March 01, 2024

	New York City	Toronto
🚶 Cost of living one person	$4044	$2576
👨‍👩‍👧‍👦 Cost of living Family	$8222	$5834
🏠 One person rent	$2662	$1582
🏘️ Family rent	$3953	$2702
🍽️ Food expenses	$794	$610
🚐 Transport expenses	$392	$248
💳 Monthly salary after tax	$6298	$3483
😷 Air quality	Excellent	Excellent
✈️ Airport proximity	13 km	5 km
🎓 Higher education	100	86
😀 Quality of life	96	94
🏙️ Population	8.8M	2.79M

The cost of living in New York City is 57% more expensive than in Toronto. Cities ranked 6th and 571st ($4044 vs $2576) in the list of the most expensive cities in the world and ranked 4th and 6th 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 1.6 months in New York City compared to 1.4 months in Toronto. New York City ranked 1st best city to live in the United States vs Toronto ranked 2nd in Canada, while ranked 8th and 36th among best cities to live in the world.

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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	$24.2	$16.8
🥂 Dinner in a Restaurant, for 2	$108	$71.4
🥪 Fast food meal, equiv. McDonald's	$11.8	$10.8
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$8.64	$6.53
☕ Cappuccino	$5.71	$4.13
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$2.94	$2.09
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$3504	$1662
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$2240	$1377
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$3748	$2941
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$3719	$2385
🔌 Utility Bill one person, electricity, heating, water, etc.	$103	$98.2
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$162	$156
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$66.3	$49.7
🏦 Mortgage Interest Rate for 20 Years	6.65%	6.6%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$16943	$10196
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$12588	$8230
Transportation
🚌 Local transport ticket	$2.96	$2.47
🎟️ Monthly ticket local transport	$135	$112
🚕 Taxi Ride, 8 km or 5 mi	$26.4	$16.4
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.05	$1.18
Groceries
🥛 Milk, 1 L or 1 qt	$1.4	$2.97
🍞 Bread, 0.5 kg or 1.1 lb	$4.11	$2.59
🍚 Rice, 1 kg or 2.2 lb	$5.76	$3.04
🥚 Eggs, x12	$5.55	$3.89
🧀 Cheese, 1 kg or 2.2 lb	$16.5	$15.2
🐔 Chicken Breast, 1 kg or 2.2 lb	$15.2	$13.6
🥩 Round Steak, 1 kg or 2.2 lb	$19.9	$14.2
🍏 Apples, 1 kg or 2.2 lb	$5.87	$3.74
🍌 Banana, 1 kg or 2.2 lb	$2.03	$1.36
🍊 Oranges, 1 kg or 2.2 lb	$5.87	$4.01
🍅 Tomato, 1 kg or 2.2 lb	$6.18	$3.66
🥔 Potato, 1 kg or 2.2 lb	$3.38	$2.73
🧅 Onion, 1 kg or 2.2 lb	$3.81	$2.73
🌊 Water, 1 L or 1 qt	$1.64	$1.19
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$3	$2.55
🍾 Wine (mid-priced), 750 mL bottle	$20	$14
🍺 Beer, 0.5 L or 16 fl oz	$2.67	$2.47
🚬 Cigarette pack	$16.7	$13.9
💊 Cold medicince, 1 week	$9.36	$12.7
🧴 Hair Shampoo	$7.02	$6.99
🧻 Toilet paper, 4 rolls	$6.99	$3.58
👄 Toothpaste, 1 tube	$2.37	$3.37
Other
🏋️ Gym Membership, 1 month	$115	$52.7
🎫 Cinema Ticket, 1 person	$18.8	$12.7
👩‍⚕️ Doctor's visit	$111	$62.4
💇 Haircut, simple	$27.2	$22.5
👖 Brand Jeans	$68.7	$54.5
👟 Brand Sneakers	$104	$102
👶 Daycare or Preschool, 1 month	$1647	$1117
🏫 International Primary School, 1 year	$17859	$18837

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	$2529
11 km or 6.8 mi	Hoboken	$2821
11 km or 7.1 mi	Jersey	$3002
13 km or 8.3 mi	Union	$2743
14 km or 8.8 mi	West New York	$2739
14 km or 8.9 mi	Bayonne	$3241
15 km or 9.6 mi	North Bergen	$2691
17 km or 10 mi	Secaucus	$2638
17 km or 11 mi	Cliffside Park	$2613
18 km or 11 mi	Kearny	$2494
20 km or 12 mi	Valley Stream	$2608
20 km or 13 mi	Fort Lee	$2612
20 km or 13 mi	Lyndhurst	$2520
22 km or 14 mi	Newark	$1956
23 km or 14 mi	Elizabeth	$2622
23 km or 14 mi	Belleville	$2400
25 km or 15 mi	Hillside	$2464
25 km or 15 mi	Long Beach	$2612
25 km or 15 mi	Nutley	$2433
25 km or 16 mi	East Orange	$2351
25 km or 16 mi	Irvington	$2338
26 km or 16 mi	Rockville Centre	$2521
26 km or 16 mi	Linden	$2684
26 km or 16 mi	Hackensack	$2653
26 km or 16 mi	Bloomfield	$2422
26 km or 16 mi	Teaneck	$2638
26 km or 16 mi	Carteret	$2695
26 km or 16 mi	Passaic	$2615
27 km or 17 mi	Roselle	$2660
27 km or 17 mi	Hempstead	$2627
28 km or 17 mi	Union Township	$2614
28 km or 18 mi	Clifton	$2698
28 km or 18 mi	Maplewood	$2534
29 km or 18 mi	Montclair	$2404
29 km or 18 mi	Bergenfield	$2737
29 km or 18 mi	Mount Vernon	$2784
30 km or 18 mi	Rahway	$2694
30 km or 18 mi	Uniondale	$2465
30 km or 18 mi	West Orange	$2447
30 km or 18 mi	New Rochelle	$3028

Cities near Toronto

Distance	City	Cost of living
20 km or 13 mi	Vaughan	$2390
23 km or 14 mi	Mississauga	$2600
24 km or 15 mi	Richmond Hill	$2622
26 km or 16 mi	Markham	$2358
31 km or 19 mi	Brampton	$2128
34 km or 21 mi	Oakville	$2192
35 km or 22 mi	Ajax	$2578
46 km or 28 mi	Halton Hills	$2114
50 km or 31 mi	Oshawa	$1598
51 km or 32 mi	Burlington	$2293
54 km or 34 mi	New Tecumseth	$2082
56 km or 35 mi	St. Catharines	$2032
60 km or 37 mi	Hamilton	$2244
65 km or 40 mi	Orangeville	$2073
67 km or 41 mi	Niagara Falls	$1862
71 km or 44 mi	Niagara Falls	$1510
71 km or 44 mi	Guelph	$2218
77 km or 48 mi	Welland	$1734
81 km or 50 mi	Grand Island	$1821
81 km or 51 mi	Lockport	$1915
82 km or 51 mi	North Tonawanda	$1879
82 km or 51 mi	Cambridge	$2125
84 km or 52 mi	Barrie	$1408
89 km or 56 mi	Brantford	$1949
90 km or 56 mi	Amherst	$2072
92 km or 57 mi	Kitchener	$2084
94 km or 58 mi	Waterloo	$2217
96 km or 59 mi	Buffalo	$2194
100 km or 62 mi	Cheektowaga	$2127
100 km or 62 mi	Clarence	$2031
103 km or 64 mi	West Seneca	$2156
103 km or 64 mi	Orillia	$2004
105 km or 65 mi	Lancaster	$2074
111 km or 69 mi	Peterborough	$2049
112 km or 70 mi	Hamburg	$2085
114 km or 71 mi	Orchard Park	$2097
132 km or 82 mi	Stratford	$1816
146 km or 91 mi	Greece	$2178
146 km or 91 mi	Chili	$2151
148 km or 92 mi	Gates	$2190