Last update: Oct 2026

Cost of Living Comparison Between Charlottetown and Toronto

For one person, living is cheaper in Charlottetown: $1,956 a month against $2,561 in Toronto, rent and utilities included – about $7,300 less a year. Rent and utilities account for most of the difference.

95

Cost of Living Index in Charlottetown
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Charlottetown Living Index
125

Cost of Living Index in Toronto
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Toronto Living Index

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Charlottetown

🇨🇦 Canada

$1,956

/mo nomad

Toronto

🇨🇦 Canada

$2,561

/mo nomad

Monthly Cost of Living

How much you'll spend in Charlottetown 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 Charlottetown and in Toronto actually costs, broken down by who's living it.

A single person spends $1,956 per month in Charlottetown vs $2,561 in Toronto, rent included.

Charlottetown $1,956
Toronto $2,561

A couple spends around $2,897 per month in Charlottetown vs $3,694 in Toronto, rent included.

Charlottetown $2,897
Toronto $3,694

A family of three spends $3,838 per month in Charlottetown vs $4,826 in Toronto, rent included.

Charlottetown $3,838
Toronto $4,826

Charlottetown is about 24% cheaper than Toronto, and outside of rent the biggest gap is in transport.

Both Charlottetown and Toronto sit above the global median – Charlottetown by 45%, Toronto by 90%.

Meal at Budget Restaurant

$14.22 CA$20.10

$17.18 CA$24.29

-17.23%

Three-Course Dinner for Two, Mid-Range

$60.3 CA$85.2

$76.0 CA$107

-20.69%

Fast Food Meal (McDonalds, etc)

$9.55 CA$13.50

$10.54 CA$14.89

-9.39%

Cappuccino

$3.57 CA$5.04

$4.02 CA$5.68

-11.19%

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

$1.65 CA$2.34

$2.12 CA$3.00

-22.17%

Water (0.33 liter bottle)

$1.27 CA$1.80

$1.75 CA$2.48

-27.43%

Local Beer (0.5 liter draught)

$5.54 CA$7.84

$6.24 CA$8.83

-11.22%

Imported Beer (0.33 liter bottle)

$5.73 CA$8.10

$7.09 CA$10.02

-19.18%

Milk (1 liter)

$2.22 CA$3.14

$2.44 CA$3.45

-9.02%

White Bread (500g)

$2.96 CA$4.19

$2.68 CA$3.78

10.45%

Rice (white) (1kg)

$5.04 CA$7.12

$2.24 CA$3.17

125.00%

Eggs

$4.11 CA$5.80

$3.56 CA$5.03

15.45%

Local Cheese (1kg)

$11.38 CA$16.09

$9.09 CA$12.85

25.19%

Chicken Fillets (1kg)

$15.28 CA$21.59

$11.33 CA$16.01

34.86%

Beef Round Steak (1kg)

$17.37 CA$24.55

$14.53 CA$20.55

19.55%

Apples (1kg)

$3.48 CA$4.92

$3.62 CA$5.12

-3.87%

Banana (1kg)

$1.45 CA$2.06

$1.21 CA$1.72

19.83%

Oranges (1kg)

$3.88 CA$5.48

$3.60 CA$5.09

7.78%

Tomato (1kg)

$4.89 CA$6.91

$4.21 CA$5.96

16.15%

Potato (1kg)

$1.72 CA$2.43

$1.79 CA$2.53

-3.91%

Onion (1kg)

$3.09 CA$4.37

$1.59 CA$2.25

94.34%

Lettuce (1 head)

$2.64 CA$3.73

$2.27 CA$3.21

16.30%

Water (1.5 liter bottle)

$1.96 CA$2.77

$1.25 CA$1.77

56.80%

Cigarettes 20 Pack (Marlboro, Camel)

$17.44 CA$24.65

$13.82 CA$19.53

26.19%

Wine (Bottle)

$13.59 CA$19.21

$14.27 CA$20.18

-4.77%

Local Beer (0.5 liter bottle)

$3.26 CA$4.61

$2.20 CA$3.10

48.18%

Imported Beer (0.33 liter bottle)

$3.06 CA$4.32

$2.43 CA$3.44

25.93%

One-way Ticket (Public Transport)

$1.42 CA$2.00

$2.39 CA$3.38

-40.59%

Public Transport Monthly Pass (Regular Price)

$14.13 CA$19.98

$111 CA$157

-87.26%

Taxi Start (Normal Tariff)

$7.58 CA$10.71

$2.91 CA$4.12

160.48%

Taxi (Normal Tariff) (1km)

$2.09 CA$2.95

$1.20 CA$1.69

74.17%

Taxi 1hour Waiting (Normal Tariff)

$28.26 CA$39.95

$21.38 CA$30.23

32.18%

Gasoline (1 liter)

$1.25 CA$1.77

$1.21 CA$1.71

3.31%

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

$27.3K CA$38.5K

$28.2K CA$39.8K

-3.24%

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

$18.8K CA$26.6K

$20.3K CA$28.6K

-7.13%

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

$125 CA$176

$120 CA$170

3.45%

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

$32.54 CA$46.00

$32.26 CA$45.60

0.87%

Internet (50+ Mbps, Unlimited Data)

$73.9 CA$104

$47.93 CA$67.8

54.12%

Gym Membership (Monthly)

$58.1 CA$82.2

$38.48 CA$54.4

51.07%

Tennis Court (1 Hour on Weekend)

$3.53 CA$5.00

$22.96 CA$32.46

-84.63%

Cinema Ticket

$10.70 CA$15.12

$12.38 CA$17.50

-13.57%

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

$155 CA$218

$830 CA$1,173

-81.38%

International Primary School, 1 Child (Yearly)

$23.1K CA$32.6K

Jeans (Levis 501 Or Similar)

$39.40 CA$55.7

$50.7 CA$71.7

-22.30%

Summer Dress (H&M, Zara, etc)

$32.89 CA$46.50

$40.02 CA$56.6

-17.82%

Sport Shoes (Adidas, Nike)

$81.7 CA$115

$98.0 CA$139

-16.63%

Men's Leather Business Shoes

$132 CA$187

$121 CA$171

9.34%

1-bedroom Apartment, City Center (Monthly)

$1,078 CA$1,524

$1,592 CA$2,251

-32.28%

1-bedroom Apartment, Outside City Center (Monthly)

$831 CA$1,174

$1,410 CA$1,994

-41.11%

3-bedroom Apartment, City Center (Monthly)

$1,699 CA$2,403

$2,670 CA$3,775

-36.35%

3-bedroom Apartment, Outside City Center (Monthly)

$1,332 CA$1,883

$2,152 CA$3,042

-38.09%

Buy Apartment in City Center (m2)

$3,081 CA$4,355

$7,945 CA$11.2K

-61.22%

Buy Apartment Outside City Center (m2)

$1,934 CA$2,734

$6,542 CA$9,249

-70.44%

Average Monthly Net Salary (After Tax)

$2,431 CA$3,437

$3,727 CA$5,269

-34.76%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.58

4.47

2.46%

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

Last update for Charlottetown: 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

Charlottetown

$831 42.5%

Toronto

$1.4K 55.1% 69.8% $580

Groceries & Markets

Charlottetown

$412 21.1%

Toronto

$340 13.3% 17.5% $72

Eating Out

Charlottetown

$236 12.1%

Toronto

$278 10.9% 17.8% $42

Monthly Utilities & Internet

Charlottetown

$231 11.8%

Toronto

$201 7.8% 13.2% $30

Clothing & Footwear

Charlottetown

$129 6.6%

Toronto

$139 5.4% 8.2% $11

Sport & Entertainment

Charlottetown

$80 4.1%

Toronto

$63 2.5% 20.5% $16

Getting Around

Charlottetown

$38 1.9%

Toronto

$129 5.1% 242% $92

Cost Breakdown

A central one-bedroom costs $1,078 in Charlottetown 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.

Salaries run about 53% 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 $60.0 in Charlottetown versus $76.0 in Toronto. Groceries tell a different story – $412 in Charlottetown vs $340 in Toronto – so Toronto wins on supermarket bills even if dining out costs more.

Good to know

🇨🇦 Charlottetown

🇨🇦 Toronto

🕒 Local time

08:32 8:32 AM

07:32 7:32 AM

1 h behind Charlottetown

🌤 Weather

👥 Population

38,809

2,731,571

💱 Currency

Canadian Dollar CAD $

📈 Exchange rate

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

Exchange rates and currency converter

On the map

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Between locations

Charlottetown Toronto 1,310 km ≈ 2 h 15 min nonstop flight

From you

Charlottetown
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

Charlottetown vs Toronto: Cost of Living - Frequently Asked Questions

Toronto costs about 31% more than Charlottetown, and outside of rent the gap comes mainly from transport. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $2,933 per month in Charlottetown 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 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 $1,956 in Charlottetown and $2,561 in Toronto. That's a gap of about 31%.

Public transport costs about 685% 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 $1,956, than in Toronto at $2,561. 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.