Cost of Living Comparison Between Banff and Toronto Cost of Living Comparison Between Banff and Toronto

🙂 Solo nomad: Banff is 2.8% cheaper than Toronto without rent, and 16.7% cheaper with rent.

🙂 Family of 3: Banff is 0.1% cheaper than Toronto without rent, and 15.9% more expensive with rent.

Meal at Budget Restaurant

$22.02 CA$29.98

$18.44 CA$25.1

19.41%

Three-Course Dinner for Two, Mid-Range

$74 CA$101

$83.7 CA$114

-11.51%

Fast Food Meal (McDonalds, etc)

$10.12 CA$13.78

$11.24 CA$15.3

-9.96%

Cappuccino

$4.42 CA$6.02

$3.93 CA$5.34

12.47%

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

$1.69 CA$2.3

$2.15 CA$2.93

-21.40%

Water (0.33 liter bottle)

$1.94 CA$2.65

$1.69 CA$2.3

14.79%

Local Beer (0.5 liter draught)

$5.63 CA$7.66

$5.95 CA$8.1

-5.38%

Imported Beer (0.33 liter bottle)

$8.86 CA$12.06

$6.8 CA$9.25

30.29%

Milk (1 liter)

$2.21 CA$3

$2.71 CA$3.68

-18.45%

White Bread (500g)

$2.32 CA$3.16

$2.72 CA$3.7

-14.71%

Rice (white) (1kg)

$5.96 CA$8.11

$3.64 CA$4.96

63.74%

Eggs

$3.83 CA$5.22

$3.49 CA$4.75

9.74%

Local Cheese (1kg)

$12.54 CA$17.08

$13.31 CA$18.12

-5.79%

Chicken Fillets (1kg)

$14.4 CA$19.6

$12.9 CA$17.56

11.63%

Beef Round Steak (1kg)

$12.49 CA$17

$16.93 CA$23.05

-26.23%

Apples (1kg)

$4.28 CA$5.82

$3.97 CA$5.41

7.81%

Banana (1kg)

$1.57 CA$2.13

$1.13 CA$1.54

38.94%

Oranges (1kg)

$4.97 CA$6.77

$3.39 CA$4.61

46.61%

Tomato (1kg)

$5.1 CA$6.94

$4.07 CA$5.54

25.31%

Potato (1kg)

$2.92 CA$3.98

$2.42 CA$3.29

20.66%

Onion (1kg)

$3.21 CA$4.37

$2.89 CA$3.93

11.07%

Lettuce (1 head)

$3.54 CA$4.82

$2.36 CA$3.21

50.00%

Water (1.5 liter bottle)

$2.79 CA$3.8

$1.98 CA$2.7

40.91%

Cigarettes 20 Pack (Marlboro, Camel)

$14.77 CA$20.1

$14.81 CA$20.16

-0.27%

Wine (Bottle)

$16.41 CA$22.34

$12.68 CA$17.26

29.42%

Local Beer (0.5 liter bottle)

$5.05 CA$6.87

$2.77 CA$3.77

82.31%

Imported Beer (0.33 liter bottle)

$3.01 CA$4.1

$3.16 CA$4.3

-4.75%

One-way Ticket (Public Transport)

$1.45 CA$1.98

$2.53 CA$3.44

-42.69%

Public Transport Monthly Pass (Regular Price)

$21.76 CA$29.61

$116 CA$158

-81.26%

Taxi Start (Normal Tariff)

$5.58 CA$7.6

$3.73 CA$5.08

49.60%

Taxi (Normal Tariff) (1km)

$3.17 CA$4.32

$1.34 CA$1.82

136.57%

Taxi 1hour Waiting (Normal Tariff)

$19.19 CA$26.12

$26.03 CA$35.44

-26.28%

Gasoline (1 liter)

$1.01 CA$1.37

$1.15 CA$1.57

-12.17%

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

$24.6K CA$33.5K

$24.9K CA$33.8K

-1.11%

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

$21K CA$28.5K

$21.1K CA$28.7K

-0.60%

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

$203 CA$277

$118 CA$160

72.75%

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

$57.4 CA$78.1

$38.04 CA$51.8

50.79%

Internet (50+ Mbps, Unlimited Data)

$69.4 CA$94.4

$53.4 CA$72.7

29.83%

Gym Membership (Monthly)

$77.6 CA$106

$57.2 CA$77.8

35.67%

Tennis Court (1 Hour on Weekend)

$36.23 CA$49.32

$20.67 CA$28.13

75.28%

Cinema Ticket

$8.8 CA$11.98

$11.92 CA$16.23

-26.17%

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

$871 CA$1,185

$1,155 CA$1,572

-24.58%

International Primary School, 1 Child (Yearly)

$11.6K CA$15.7K

$17.9K CA$24.4K

-35.50%

Jeans (Levis 501 Or Similar)

$43.5 CA$59.2

$58.6 CA$79.8

-25.81%

Summer Dress (H&M, Zara, etc)

$46.2 CA$62.9

$39.24 CA$53.4

17.74%

Sport Shoes (Adidas, Nike)

$92.6 CA$126

$88.1 CA$120

5.11%

Men's Leather Business Shoes

$111 CA$151

$114 CA$155

-2.87%

1-bedroom Apartment, City Center (Monthly)

$897 CA$1,221

$1,805 CA$2,456

-50.30%

1-bedroom Apartment, Outside City Center (Monthly)

$876 CA$1,193

$1,522 CA$2,072

-42.44%

3-bedroom Apartment, City Center (Monthly)

$1,310 CA$1,783

$2,963 CA$4,033

-55.80%

3-bedroom Apartment, Outside City Center (Monthly)

$3,143 CA$4,278

$2,466 CA$3,357

27.44%

Buy Apartment in City Center (m2)

$5,492 CA$7,476

$8,787 CA$12K

-37.50%

Buy Apartment Outside City Center (m2)

$4,437 CA$6,040

$7,087 CA$9,646

-37.38%

Average Monthly Net Salary (After Tax)

$2,279 CA$3,102

$3,391 CA$4,616

-32.80%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.62

5.16

28.29%

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

Last update for Banff: October 28, 2025

Last update for Toronto: October 29, 2025

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