Last update: Oct 2026

Cost of Living Comparison Between Austin, MN and Toronto

For one person, living costs are similar in Austin, MN and in Toronto: $2,462 and $2,561 a month, rent and utilities included.

121

Cost of Living Index in Austin, MN
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Austin, MN Living Index
125

Cost of Living Index in Toronto
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Toronto Living Index

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Austin, MN

🇺🇸 United States

$2,462

/mo nomad

Toronto

🇨🇦 Canada

$2,561

/mo nomad

Monthly Cost of Living

How much you'll spend in Austin, MN and in Toronto

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Austin, MN and in Toronto actually costs, broken down by who's living it.

A single person spends $2,462 per month in Austin, MN vs $2,561 in Toronto, rent included.

Austin, MN $2,462
Toronto $2,561

A couple spends around $3,691 per month in Austin, MN vs $3,694 in Toronto, rent included.

Austin, MN $3,691
Toronto $3,694

A family of three spends $4,921 per month in Austin, MN vs $4,826 in Toronto, rent included.

Austin, MN $4,921
Toronto $4,826

Austin, MN is about 4% cheaper than Toronto, and outside of rent the biggest gap is in transport.

Both Austin, MN and Toronto sit above the global median – Austin, MN by 82%, Toronto by 90%.

Meal at Budget Restaurant

$20.05 $20.05

$17.18 CA$24.29

16.71%

Three-Course Dinner for Two, Mid-Range

$99.6 $99.6

$76.0 CA$107

31.16%

Fast Food Meal (McDonalds, etc)

$12.22 $12.22

$10.54 CA$14.89

15.94%

Cappuccino

$5.04 $5.04

$4.02 CA$5.68

25.37%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$2.95 $2.95

$2.12 CA$3.00

39.15%

Water (0.33 liter bottle)

$1.99 $1.99

$1.75 CA$2.48

13.71%

Local Beer (0.5 liter draught)

$5.11 $5.11

$6.24 CA$8.83

-18.11%

Imported Beer (0.33 liter bottle)

$5.80 $5.80

$7.09 CA$10.02

-18.19%

Milk (1 liter)

$0.83 $0.83

$2.44 CA$3.45

-65.98%

White Bread (500g)

$2.88 $2.88

$2.68 CA$3.78

7.46%

Rice (white) (1kg)

$1.91 $1.91

$2.24 CA$3.17

-14.73%

Eggs

$2.66 $2.66

$3.56 CA$5.03

-25.28%

Local Cheese (1kg)

$9.65 $9.65

$9.09 CA$12.85

6.16%

Chicken Fillets (1kg)

$6.48 $6.48

$11.33 CA$16.01

-42.81%

Beef Round Steak (1kg)

$19.15 $19.15

$14.53 CA$20.55

31.80%

Apples (1kg)

$5.19 $5.19

$3.62 CA$5.12

43.37%

Banana (1kg)

$1.24 $1.24

$1.21 CA$1.72

2.48%

Oranges (1kg)

$3.59 $3.59

$3.60 CA$5.09

-0.28%

Tomato (1kg)

$1.74 $1.74

$4.21 CA$5.96

-58.67%

Potato (1kg)

$2.55 $2.55

$1.79 CA$2.53

42.46%

Onion (1kg)

$2.23 $2.23

$1.59 CA$2.25

40.25%

Lettuce (1 head)

$1.51 $1.51

$2.27 CA$3.21

-33.48%

Water (1.5 liter bottle)

$1.98 $1.98

$1.25 CA$1.77

58.40%

Cigarettes 20 Pack (Marlboro, Camel)

$8.71 $8.71

$13.82 CA$19.53

-36.98%

Wine (Bottle)

$3.03 $3.03

$14.27 CA$20.18

-78.77%

Local Beer (0.5 liter bottle)

$1.77 $1.77

$2.20 CA$3.10

-19.55%

Imported Beer (0.33 liter bottle)

$3.02 $3.02

$2.43 CA$3.44

24.28%

One-way Ticket (Public Transport)

$1.96 $1.96

$2.39 CA$3.38

-17.99%

Public Transport Monthly Pass (Regular Price)

$111 CA$157

Taxi Start (Normal Tariff)

$2.02 $2.02

$2.91 CA$4.12

-30.58%

Taxi (Normal Tariff) (1km)

$1.27 $1.27

$1.20 CA$1.69

5.83%

Taxi 1hour Waiting (Normal Tariff)

$20.06 $20.06

$21.38 CA$30.23

-6.17%

Gasoline (1 liter)

$0.95 $0.95

$1.21 CA$1.71

-21.49%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$35.4K $35.4K

$28.2K CA$39.8K

25.81%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$24.5K $24.5K

$20.3K CA$28.6K

20.82%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$187 $187

$120 CA$170

55.06%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$52.3 $52.3

$32.26 CA$45.60

61.97%

Internet (50+ Mbps, Unlimited Data)

$79.3 $79.3

$47.93 CA$67.8

65.45%

Gym Membership (Monthly)

$35.93 $35.93

$38.48 CA$54.4

-6.63%

Tennis Court (1 Hour on Weekend)

$22.96 CA$32.46

Cinema Ticket

$15.30 $15.30

$12.38 CA$17.50

23.59%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$1,361 $1,361

$830 CA$1,173

64.03%

International Primary School, 1 Child (Yearly)

$11.6K $11.6K

$23.1K CA$32.6K

-49.62%

Jeans (Levis 501 Or Similar)

$77.5 $77.5

$50.7 CA$71.7

52.75%

Summer Dress (H&M, Zara, etc)

$54.0 $54.0

$40.02 CA$56.6

34.81%

Sport Shoes (Adidas, Nike)

$102 $102

$98.0 CA$139

3.85%

Men's Leather Business Shoes

$165 $165

$121 CA$171

36.42%

1-bedroom Apartment, City Center (Monthly)

$1,433 $1,433

$1,592 CA$2,251

-10.01%

1-bedroom Apartment, Outside City Center (Monthly)

$1,274 $1,274

$1,410 CA$1,994

-9.68%

3-bedroom Apartment, City Center (Monthly)

$2,528 $2,528

$2,670 CA$3,775

-5.33%

3-bedroom Apartment, Outside City Center (Monthly)

$2,157 $2,157

$2,152 CA$3,042

0.27%

Buy Apartment in City Center (m2)

$2,481 $2,481

$7,945 CA$11.2K

-68.77%

Buy Apartment Outside City Center (m2)

$2,593 $2,593

$6,542 CA$9,249

-60.36%

Average Monthly Net Salary (After Tax)

$3,727 CA$5,269

20-Year Fixed Mortgage Interest Rate (Annual %)

6.57

4.47

46.98%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Austin, MN: October 10, 2026

Last update for Toronto: October 12, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Austin, MN

$1.3K 51.8%

Toronto

$1.4K 55.1% 10.7% $137

Monthly Utilities & Internet

Austin, MN

$318 12.9%

Toronto

$201 7.8% 37% $118

Eating Out

Austin, MN

$314 12.8%

Toronto

$278 10.9% 11.5% $36

Groceries & Markets

Austin, MN

$293 11.9%

Toronto

$340 13.3% 15.8% $46

Clothing & Footwear

Austin, MN

$179 7.3%

Toronto

$139 5.4% 22.2% $40

Sport & Entertainment

Austin, MN

$67 2.7%

Toronto

$63 2.5% 4.9% $3.3

Getting Around

Austin, MN

$16 * 0.7%

Toronto

$129 5.1% 698% $113

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $1,433 in Austin, MN versus $1,592 in Toronto. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $100 in Austin, MN versus $76.0 in Toronto. Groceries tell a different story – $293 in Austin, MN vs $340 in Toronto – so Austin, MN wins on supermarket bills even if dining out costs more.

Good to know

🇺🇸 Austin, MN

🇨🇦 Toronto

🕒 Local time

15:20 3:20 PM

16:20 4:20 PM

1 h ahead of Austin, MN

🌤 Weather

👥 Population

974,447

2,731,571

💱 Currency

United States Dollar USD $

Canadian Dollar CAD $

📈 Exchange rate

1 USD = 0.89 EUR

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

Exchange rates and currency converter

CAD, EUR to USD – United States Dollar Converter

🇨🇦 Canadian Dollar ($)

🇺🇸 United States Dollar ($)

United States Dollar exchange rates as of October 19, 2026: 1 EUR = 1.12 USD (1 USD = 0.89 EUR).

Canadian Dollar exchange rates as of October 19, 2026: 1 USD = 1.41 CAD (1 CAD = 0.707 USD). 1 EUR = 1.59 CAD (1 CAD = 0.629 EUR).

CAD to USD in detail →

On the map

Lowest

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Between locations

Austin, MN Toronto 1,090 km ≈ 1 h 45 min nonstop flight

From you

Austin, MN
Toronto

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Austin, MN vs Toronto: Cost of Living - Frequently Asked Questions

Yes – Toronto is pricier by about 4%, and outside of rent the gap shows up most in transport.

For a comfortable life, plan on about $3,692 per month in Austin, MN and $3,841 in Toronto. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Austin, MN, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $2,462 in Austin, MN and $2,561 in Toronto. That's a gap of about 4%.

Kindergarten costs $1,361 per month in Austin, MN and $830 in Toronto. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,500 monthly budget goes further in Austin, MN, where all-in costs run around $2,462, than in Toronto at $2,561. In Austin, MN it covers expenses comfortably, while in Toronto it requires careful planning or may not stretch far enough.

Families tend to lean toward Austin, MN – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Austin, MN. If higher salaries, better infrastructure, or specific career opportunities are the priority, Toronto makes more sense. Both are solid long-term options with distinct trade-offs.