New York City vs Toronto - Cost of Living Comparison

Updated: October 10, 2024

	New York City	Toronto
🚶 Cost of living one person	$4051	$2575
👨‍👩‍👧‍👦 Cost of living Family	$8925	$5897
🏠 One person rent	$2620	$1551
🏘️ Family rent	$4454	$2665
🍽️ Food expenses	$807	$626
🚐 Transport expenses	$399	$255
💳 Monthly salary after tax	$5777	$3590
😷 Air quality	Good	Good
✈️ Airport proximity	13 km	5 km
🎓 Higher education	100	86
😀 Quality of life	97	94
🏙️ Population	8.8M	2.79M

The cost of living in New York City is 57% more expensive than in Toronto. Cities ranked 5th and 656th ($4051 vs $2575) in the list of the most expensive cities in the world and ranked 3rd and 5th 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 1.4 months in New York City compared to 1.4 months in Toronto. New York City ranked 2nd best city to live in the United States vs Toronto ranked 1st in Canada, while ranked 13th and 52nd 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	$24.7	$16.4
🥂 Dinner in a Restaurant, for 2	$111	$81.8
🥪 Fast food meal, equiv. McDonald's	$12.6	$11
🍻 Beer in a Pub, 0.5 L or 16 fl oz	$9.78	$6.33
☕ Cappuccino	$6.22	$4.66
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz	$3.16	$2.14
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2	$2702	$1664
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2	$2361	$1358
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2	$5005	$2901
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2	$3996	$2388
🔌 Utility Bill one person, electricity, heating, water, etc.	$122	$80.8
🔌 Utility Bill for a Family, electricity, heating, water, etc.	$187	$124
🌐 Internet plan, 50 Mbps+ 1 month unlimited	$69.3	$50.5
🏦 Mortgage Interest Rate for 20 Years	6.73%	6.43%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2	$19111	$10232
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2	$3215	$8102
Transportation
🚌 Local transport ticket	$2.88	$2.46
🎟️ Monthly ticket local transport	$138	$119
🚕 Taxi Ride, 8 km or 5 mi	$27.1	$16.3
⛽ Gas / Petrol, 1 L or 0.26 gal	$1.02	$1.15
Groceries
🥛 Milk, 1 L or 1 qt	$1.39	$3.15
🍞 Bread, 0.5 kg or 1.1 lb	$4.43	$2.6
🍚 Rice, 1 kg or 2.2 lb	$6.1	$3.08
🥚 Eggs, x12	$5.36	$3.95
🧀 Cheese, 1 kg or 2.2 lb	$16.6	$14
🐔 Chicken Breast, 1 kg or 2.2 lb	$13.7	$13
🥩 Round Steak, 1 kg or 2.2 lb	$19.2	$14
🍏 Apples, 1 kg or 2.2 lb	$5.78	$4.01
🍌 Banana, 1 kg or 2.2 lb	$2.13	$1.46
🍊 Oranges, 1 kg or 2.2 lb	$5.75	$3.58
🍅 Tomato, 1 kg or 2.2 lb	$5.74	$4.07
🥔 Potato, 1 kg or 2.2 lb	$3.22	$2.57
🧅 Onion, 1 kg or 2.2 lb	$3.62	$2.82
🌊 Water, 1 L or 1 qt	$1.57	$1.24
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz	$2.88	$2.48
🍾 Wine (mid-priced), 750 mL bottle	$20.1	$14.7
🍺 Beer, 0.5 L or 16 fl oz	$3.49	$2.7
🚬 Cigarette pack	$17.1	$14.1
💊 Cold medicince, 1 week	$10.5	$13.9
🧴 Hair Shampoo	$10	$7.04
🧻 Toilet paper, 4 rolls	$7.97	$3.36
👄 Toothpaste, 1 tube	$2.36	$3.37
Other
🏋️ Gym Membership, 1 month	$144	$56.8
🎫 Cinema Ticket, 1 person	$19.8	$13.3
👩‍⚕️ Doctor's visit	$156	$69.6
💇 Haircut, simple	$25.4	$23.3
👖 Brand Jeans	$65.6	$58.7
👟 Brand Sneakers	$111	$99.9
👶 Daycare or Preschool, 1 month	$1717	$1200
🏫 International Primary School, 1 year	$20585	$18156

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	$2510
11 km or 6.8 mi	Hoboken	$3280
11 km or 7.1 mi	Jersey	$3002
13 km or 8.3 mi	Union	$2857
14 km or 8.8 mi	West New York	$2634
14 km or 8.9 mi	Bayonne	$3168
15 km or 9.6 mi	North Bergen	$2611
17 km or 10 mi	Secaucus	$2701
17 km or 11 mi	Cliffside Park	$2414
18 km or 11 mi	Kearny	$2671
20 km or 12 mi	Valley Stream	$2715
20 km or 13 mi	Fort Lee	$2165
20 km or 13 mi	Lyndhurst	$2605
22 km or 14 mi	Newark	$2575
23 km or 14 mi	Elizabeth	$2733
23 km or 14 mi	Belleville	$2479
25 km or 15 mi	Hillside	$2664
25 km or 15 mi	Long Beach	$2722
25 km or 15 mi	Nutley	$2493
25 km or 16 mi	East Orange	$2635
25 km or 16 mi	Irvington	$2622
26 km or 16 mi	Rockville Centre	$2607
26 km or 16 mi	Linden	$2762
26 km or 16 mi	Hackensack	$2590
26 km or 16 mi	Bloomfield	$2424
26 km or 16 mi	Teaneck	$2641
26 km or 16 mi	Carteret	$2778
26 km or 16 mi	Passaic	$2646
27 km or 17 mi	Roselle	$2760
27 km or 17 mi	Hempstead	$2702
28 km or 17 mi	Union Township	$2732
28 km or 18 mi	Clifton	$2721
28 km or 18 mi	Maplewood	$2691
29 km or 18 mi	Montclair	$2454
29 km or 18 mi	Bergenfield	$2586
29 km or 18 mi	Mount Vernon	$2811
30 km or 18 mi	Rahway	$2771
30 km or 18 mi	Uniondale	$2578
30 km or 18 mi	West Orange	$2553
30 km or 18 mi	New Rochelle	$3108

Cities near Toronto

Distance	City	Cost of living
20 km or 13 mi	Vaughan	$2332
23 km or 14 mi	Mississauga	$2472
24 km or 15 mi	Richmond Hill	$2618
26 km or 16 mi	Markham	$2398
31 km or 19 mi	Brampton	$2127
34 km or 21 mi	Oakville	$2266
35 km or 22 mi	Ajax	$2597
46 km or 28 mi	Halton Hills	$2086
50 km or 31 mi	Oshawa	$1635
51 km or 32 mi	Burlington	$2297
54 km or 34 mi	New Tecumseth	$2143
56 km or 35 mi	St. Catharines	$1975
60 km or 37 mi	Hamilton	$2154
65 km or 40 mi	Orangeville	$1971
67 km or 41 mi	Niagara Falls	$1885
71 km or 44 mi	Niagara Falls	$1543
71 km or 44 mi	Guelph	$2012
77 km or 48 mi	Welland	$1762
81 km or 50 mi	Grand Island	$1798
81 km or 51 mi	Lockport	$1873
82 km or 51 mi	North Tonawanda	$1853
82 km or 51 mi	Cambridge	$2267
84 km or 52 mi	Barrie	$1999
89 km or 56 mi	Brantford	$1884
90 km or 56 mi	Amherst	$2018
92 km or 57 mi	Kitchener	$2144
94 km or 58 mi	Waterloo	$2095
96 km or 59 mi	Buffalo	$2051
100 km or 62 mi	Cheektowaga	$2029
100 km or 62 mi	Clarence	$1964
103 km or 64 mi	West Seneca	$2041
103 km or 64 mi	Orillia	$2038
105 km or 65 mi	Lancaster	$1986
111 km or 69 mi	Peterborough	$2017
112 km or 70 mi	Hamburg	$2009
114 km or 71 mi	Orchard Park	$2007
132 km or 82 mi	Stratford	$1814
146 km or 91 mi	Greece	$2074
146 km or 91 mi	Chili	$2046
148 km or 92 mi	Gates	$2085