Toronto, the largest city in Canada, is vibrant, diverse, and economically powerful—but also one of the most expensive cities to live in. Whether you’re a student, a skilled worker, or a new immigrant, understanding the cost of living in Toronto is crucial for budgeting your life in Canada.
Average Monthly Cost of Living in Toronto (2025)
Here’s a breakdown of average monthly expenses in Toronto for a single person and a family of four:
Expense Category | Single Person (CAD) | Family of 4 (CAD) |
Rent (1-bedroom apartment) | $2,200 | $3,800 (3-bed) |
Utilities | $150 | $250 |
Internet & Mobile | $90 | $120 |
Transportation (TTC pass) | $156 | $500 |
Groceries | $400 | $1,000 |
Dining Out & Entertainment | $200 | $400 |
Health Insurance (private) | $75 | $250 |
Miscellaneous | $150 | $300 |
Total Monthly Cost | ~$3,421 | ~$6,620 |
Note: These are 2025 estimates and may vary depending on location, lifestyle, and spending habits.
Housing Costs in Toronto
Toronto’s housing market is among the priciest in North America.
Accommodation Type | Average Monthly Rent (2025) |
1-Bedroom Apartment (City Center) | $2,300 |
1-Bedroom (Outside City Center) | $1,800 |
3-Bedroom Apartment (City Center) | $3,800 |
Student Shared Room | $700–$1,000 |
Tips:
- Explore suburbs like Scarborough, Etobicoke, or North York for more affordable options.
- Look for rentals with utilities included to save money.
Grocery and Food Costs
Toronto grocery prices are moderate but can add up. Here’s what a typical basket looks like:
Item | Average Price (CAD) |
Milk (1L) | $2.30 |
Bread (1 loaf) | $3.00 |
Rice (1kg) | $4.00 |
Eggs (dozen) | $4.50 |
Chicken (1kg) | $10.00 |
Apples (1kg) | $5.00 |
Transportation Costs in Toronto
Public transit is operated by the Toronto Transit Commission (TTC).
- Monthly Adult Pass: $156
- Per ride: $3.35
- Presto Card: Recommended for discounts and easier fare payments.
If you own a car, consider:
- Gas: ~$1.70/L
- Insurance: $150–$250/month
- Parking (Downtown): $200–$300/month
Student Cost of Living
International students should budget between CAD $1,200–$2,000/month (excluding tuition), depending on:
- Living arrangements (shared vs. private)
- Personal spending habits
- Part-time job income
Cost of Living Comparison: Toronto vs. Other Cities
City | Avg. Monthly Cost (Single) |
Toronto | $3,400 |
Vancouver | $3,200 |
Montreal | $2,500 |
Calgary | $2,700 |
New York City | $4,000+ |
Final Thoughts on Cost of Living in Toronto
Toronto is a world-class city with great opportunities, but living here comes with a high price tag. Planning your expenses and understanding the cost of living in Toronto can help you make the most of your Canadian experience in 2025.
Frequently Asked Questions (FAQ's)
Is Toronto expensive to live in?
Yes. It’s one of Canada’s most expensive cities, especially in housing and rent.
Can international students afford to live in Toronto?
Yes, but budgeting is crucial. Many students live in shared apartments and work part-time.
Is healthcare free in Toronto?
Basic healthcare is free for permanent residents and citizens under OHIP, but international students often need private insurance.
How much salary is needed to live comfortably in Toronto?
A single person should earn at least $55,000–$65,000/year before taxes to live comfortably.