Cost of Living Comparison Between Charlottetown and Toronto Cost of Living Comparison Between Charlottetown and Toronto

Monthly Cost of Living

A single person spends $2,036 per month in Charlottetown vs $2,811 in Toronto, rent included.

A couple spends around $3,020 per month in Charlottetown vs $4,130 in Toronto, rent included.

A family of three spends $4,004 per month in Charlottetown vs $5,449 in Toronto, rent included.

Charlottetown is about 28% cheaper than Toronto, driven mainly by Getting Around.

Both Charlottetown and Toronto sit above the global median – Charlottetown by 52%, Toronto by 110%.

Meal at Budget Restaurant

$14.64 CA$20.27

$18.71 CA$25.90

-21.75%

Three-Course Dinner for Two, Mid-Range

$60.8 CA$84.2

$81.9 CA$113

-25.68%

Fast Food Meal (McDonalds, etc)

$8.67 CA$12.01

$10.83 CA$14.99

-19.94%

Cappuccino

$3.80 CA$5.26

$3.89 CA$5.38

-2.31%

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

$1.75 CA$2.43

$2.22 CA$3.07

-21.17%

Water (0.33 liter bottle)

$1.33 CA$1.84

$1.65 CA$2.28

-19.39%

Local Beer (0.5 liter draught)

$5.91 CA$8.18

$6.05 CA$8.38

-2.31%

Imported Beer (0.33 liter bottle)

$5.91 CA$8.18

$6.58 CA$9.11

-10.18%

Milk (1 liter)

$2.05 CA$2.83

$2.73 CA$3.77

-24.91%

White Bread (500g)

$2.91 CA$4.03

$2.72 CA$3.76

6.99%

Rice (white) (1kg)

$4.19 CA$5.80

$3.54 CA$4.90

18.36%

Eggs

$4.15 CA$5.75

$3.50 CA$4.84

18.57%

Local Cheese (1kg)

$12.62 CA$17.47

$13.53 CA$18.73

-6.73%

Chicken Fillets (1kg)

$14.38 CA$19.91

$13.09 CA$18.12

9.85%

Beef Round Steak (1kg)

$16.29 CA$22.55

$16.96 CA$23.49

-3.95%

Apples (1kg)

$3.95 CA$5.46

$4.16 CA$5.76

-5.05%

Banana (1kg)

$1.58 CA$2.19

$1.18 CA$1.63

33.90%

Oranges (1kg)

$3.80 CA$5.26

$3.25 CA$4.50

16.92%

Tomato (1kg)

$5.44 CA$7.53

$4.12 CA$5.70

32.04%

Potato (1kg)

$2.05 CA$2.83

$2.50 CA$3.47

-18.00%

Onion (1kg)

$2.12 CA$2.94

$2.88 CA$3.98

-26.39%

Lettuce (1 head)

$2.79 CA$3.86

$2.35 CA$3.25

18.72%

Water (1.5 liter bottle)

$1.93 CA$2.67

$2.00 CA$2.77

-3.50%

Cigarettes 20 Pack (Marlboro, Camel)

$18.58 CA$25.73

$14.58 CA$20.19

27.43%

Wine (Bottle)

$14.12 CA$19.55

$14.18 CA$19.63

-0.42%

Local Beer (0.5 liter bottle)

$3.36 CA$4.65

$2.80 CA$3.88

20.00%

Imported Beer (0.33 liter bottle)

$3.33 CA$4.61

$3.25 CA$4.51

2.46%

One-way Ticket (Public Transport)

$1.45 CA$2.01

$2.40 CA$3.32

-39.58%

Public Transport Monthly Pass (Regular Price)

$14.44 CA$19.99

$114 CA$158

-87.34%

Taxi Start (Normal Tariff)

$7.88 CA$10.91

$3.76 CA$5.20

109.57%

Taxi (Normal Tariff) (1km)

$2.04 CA$2.82

$1.41 CA$1.95

44.68%

Taxi 1hour Waiting (Normal Tariff)

$29.80 CA$41.26

$25.53 CA$35.34

16.73%

Gasoline (1 liter)

$1.25 CA$1.73

$1.10 CA$1.52

13.64%

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

$25.3K CA$35.1K

$25.2K CA$34.9K

0.35%

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

$20.9K CA$29.0K

$21.1K CA$29.2K

-0.59%

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

$130 CA$180

$120 CA$166

8.93%

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

$37.29 CA$51.6

$37.54 CA$52.0

-0.67%

Internet (50+ Mbps, Unlimited Data)

$83.1 CA$115

$54.5 CA$75.5

52.42%

Gym Membership (Monthly)

$56.4 CA$78.2

$55.5 CA$76.9

1.68%

Tennis Court (1 Hour on Weekend)

$14.63 CA$20.26

$21.15 CA$29.28

-30.83%

Cinema Ticket

$11.22 CA$15.54

$11.56 CA$16.00

-2.94%

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

$163 CA$226

$1,129 CA$1,564

-85.55%

International Primary School, 1 Child (Yearly)

$11.7K CA$16.2K

$18.0K CA$24.9K

-34.76%

Jeans (Levis 501 Or Similar)

$41.17 CA$57.0

$56.9 CA$78.8

-27.68%

Summer Dress (H&M, Zara, etc)

$34.55 CA$47.84

$39.96 CA$55.3

-13.54%

Sport Shoes (Adidas, Nike)

$87.7 CA$121

$89.7 CA$124

-2.16%

Men's Leather Business Shoes

$140 CA$194

$114 CA$158

22.58%

1-bedroom Apartment, City Center (Monthly)

$1,095 CA$1,516

$1,849 CA$2,561

-40.79%

1-bedroom Apartment, Outside City Center (Monthly)

$877 CA$1,215

$1,560 CA$2,159

-43.74%

3-bedroom Apartment, City Center (Monthly)

$1,709 CA$2,366

$2,925 CA$4,051

-41.59%

3-bedroom Apartment, Outside City Center (Monthly)

$1,405 CA$1,945

$2,470 CA$3,420

-43.12%

Buy Apartment in City Center (m2)

$3,295 CA$4,562

$9,085 CA$12.6K

-63.73%

Buy Apartment Outside City Center (m2)

$2,011 CA$2,785

$7,036 CA$9,742

-71.41%

Average Monthly Net Salary (After Tax)

$2,443 CA$3,382

$3,572 CA$4,946

-31.61%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.46

5.16

25.19%

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

Last update for Charlottetown: May 30, 2026

Last update for Toronto: May 31, 2026

Cost Breakdown

A central one-bedroom costs $1,095 in Charlottetown versus $1,849 in Toronto. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 46% higher in Toronto, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $61.0 in Charlottetown versus $82.0 in Toronto. Groceries tell a different story – $409 in Charlottetown vs $396 in Toronto – so Toronto wins on supermarket bills even if dining out costs more.

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

Charlottetown vs Toronto: Cost of Living - Frequently Asked Questions

Toronto costs about 38% more than Charlottetown, with the gap driven mainly by Getting Around. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $3,055 per month in Charlottetown and $4,216 in Toronto. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Charlottetown, 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 $2,036 in Charlottetown and $2,811 in Toronto. The difference isn't just one category – it shows up across housing, food, transport, and services.

Public transport costs about 690% less in Charlottetown. For daily commuters, that gap adds up to noticeable savings over a year.

A $2,000 monthly budget goes further in Charlottetown, where all-in costs run around $2,036, than in Toronto at $2,811. In Charlottetown it covers expenses comfortably, while in Toronto it requires careful planning or may not stretch far enough.

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

If budget matters most, go with Charlottetown. 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.