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

Monthly Cost of Living

A single person spends $2,027 per month in Charlottetown vs $2,628 in Toronto, rent included.

A couple spends around $3,009 per month in Charlottetown vs $3,848 in Toronto, rent included.

A family of three spends $3,992 per month in Charlottetown vs $5,067 in Toronto, rent included.

Charlottetown is about 23% cheaper than Toronto, driven mainly by Getting Around.

Both Charlottetown and Toronto sit above the global median – Charlottetown by 48%, Toronto by 91%.

Meal at Budget Restaurant

$14.26 CA$19.81

$17.88 CA$24.85

-20.25%

Three-Course Dinner for Two, Mid-Range

$62.1 CA$86.3

$87.9 CA$122

-29.30%

Fast Food Meal (McDonalds, etc)

$9.87 CA$13.72

$10.93 CA$15.19

-9.70%

Cappuccino

$3.70 CA$5.14

$4.06 CA$5.64

-8.87%

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

$1.76 CA$2.45

$2.18 CA$3.03

-19.27%

Water (0.33 liter bottle)

$1.33 CA$1.84

$1.70 CA$2.36

-21.76%

Local Beer (0.5 liter draught)

$5.76 CA$8.00

$6.69 CA$9.29

-13.90%

Imported Beer (0.33 liter bottle)

$5.84 CA$8.11

$7.35 CA$10.21

-20.54%

Milk (1 liter)

$2.38 CA$3.31

$2.78 CA$3.86

-14.39%

White Bread (500g)

$3.16 CA$4.40

$2.89 CA$4.02

9.34%

Rice (white) (1kg)

$4.97 CA$6.91

$2.56 CA$3.56

94.14%

Eggs

$4.17 CA$5.80

$3.79 CA$5.26

10.03%

Local Cheese (1kg)

$11.65 CA$16.19

$10.17 CA$14.13

14.55%

Chicken Fillets (1kg)

$15.48 CA$21.50

$11.95 CA$16.60

29.54%

Beef Round Steak (1kg)

$17.56 CA$24.40

$16.12 CA$22.40

8.93%

Apples (1kg)

$3.57 CA$4.96

$3.89 CA$5.41

-8.23%

Banana (1kg)

$1.43 CA$1.99

$1.27 CA$1.77

12.60%

Oranges (1kg)

$4.00 CA$5.56

$3.88 CA$5.39

3.09%

Tomato (1kg)

$5.09 CA$7.08

$4.33 CA$6.02

17.55%

Potato (1kg)

$1.78 CA$2.47

$1.83 CA$2.54

-2.73%

Onion (1kg)

$3.22 CA$4.48

$1.50 CA$2.08

114.67%

Lettuce (1 head)

$2.86 CA$3.97

$2.28 CA$3.16

25.44%

Water (1.5 liter bottle)

$2.08 CA$2.89

$1.44 CA$2.00

44.44%

Cigarettes 20 Pack (Marlboro, Camel)

$18.15 CA$25.22

$14.20 CA$19.73

27.82%

Wine (Bottle)

$13.89 CA$19.30

$14.24 CA$19.79

-2.46%

Local Beer (0.5 liter bottle)

$3.32 CA$4.62

$2.25 CA$3.12

47.56%

Imported Beer (0.33 liter bottle)

$3.13 CA$4.35

$2.53 CA$3.52

23.72%

One-way Ticket (Public Transport)

$1.42 CA$1.97

$2.47 CA$3.43

-42.51%

Public Transport Monthly Pass (Regular Price)

$14.18 CA$19.71

$112 CA$156

-87.33%

Taxi Start (Normal Tariff)

$7.45 CA$10.36

$3.05 CA$4.24

144.26%

Taxi (Normal Tariff) (1km)

$2.13 CA$2.95

$1.24 CA$1.72

71.77%

Taxi 1hour Waiting (Normal Tariff)

$28.61 CA$39.75

$22.44 CA$31.18

27.50%

Gasoline (1 liter)

$1.25 CA$1.73

$1.24 CA$1.72

0.81%

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

$28.2K CA$39.1K

$27.5K CA$38.2K

2.37%

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

$19.3K CA$26.9K

$21.1K CA$29.4K

-8.50%

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

$129 CA$179

$128 CA$177

1.03%

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

$33.51 CA$46.56

$33.79 CA$46.95

-0.83%

Internet (50+ Mbps, Unlimited Data)

$76.0 CA$106

$49.25 CA$68.4

54.21%

Gym Membership (Monthly)

$59.0 CA$82.0

$40.93 CA$56.9

44.15%

Tennis Court (1 Hour on Weekend)

$3.51 CA$4.87

$24.62 CA$34.21

-85.74%

Cinema Ticket

$10.81 CA$15.03

$13.16 CA$18.29

-17.86%

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

$160 CA$223

$792 CA$1,101

-79.79%

International Primary School, 1 Child (Yearly)

$24.1K CA$33.5K

Jeans (Levis 501 Or Similar)

$40.11 CA$55.7

$54.5 CA$75.8

-26.43%

Summer Dress (H&M, Zara, etc)

$34.91 CA$48.52

$43.11 CA$59.9

-19.02%

Sport Shoes (Adidas, Nike)

$86.5 CA$120

$102 CA$141

-14.83%

Men's Leather Business Shoes

$135 CA$188

$123 CA$171

9.84%

1-bedroom Apartment, City Center (Monthly)

$1,105 CA$1,535

$1,653 CA$2,297

-33.18%

1-bedroom Apartment, Outside City Center (Monthly)

$848 CA$1,178

$1,452 CA$2,017

-41.61%

3-bedroom Apartment, City Center (Monthly)

$1,745 CA$2,425

$2,694 CA$3,744

-35.23%

3-bedroom Apartment, Outside City Center (Monthly)

$1,388 CA$1,929

$2,149 CA$2,987

-35.40%

Buy Apartment in City Center (m2)

$3,202 CA$4,450

$8,347 CA$11.6K

-61.64%

Buy Apartment Outside City Center (m2)

$1,967 CA$2,733

$6,816 CA$9,471

-71.14%

Average Monthly Net Salary (After Tax)

$2,533 CA$3,520

$3,614 CA$5,022

-29.91%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.58

4.49

2.00%

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

Last update for Charlottetown: August 31, 2026

Last update for Toronto: August 30, 2026

Cost Breakdown

A central one-bedroom costs $1,105 in Charlottetown versus $1,653 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 43% 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 $62.0 in Charlottetown versus $88.0 in Toronto. Groceries tell a different story – $424 in Charlottetown vs $365 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 30% 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 $3,040 per month in Charlottetown and $3,942 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 $2,027 in Charlottetown and $2,628 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 $2,027, than in Toronto at $2,628. 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.