Last update: Oct 2026

Cost of Living Comparison Between Elliot Lake, ON and Toronto

For one person, living is cheaper in Elliot Lake, ON: $2,324 a month against $2,610 in Toronto, rent and utilities included – about $3,400 less a year. Rent and utilities account for most of the difference.

109

Cost of Living Index in Elliot Lake, ON
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Elliot Lake, ON Living Index
126

Cost of Living Index in Toronto
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Toronto Living Index

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Elliot Lake, ON

🇨🇦 Canada

$2,324

/mo nomad

Toronto

🇨🇦 Canada

$2,610

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $2,324 in Elliot Lake, ON versus $2,610 in Toronto.

Elliot Lake, ON $2,324
Toronto $2,610

Estimated couple costs with rent: $3,241 in Elliot Lake, ON versus $3,727 in Toronto.

Elliot Lake, ON $3,241
Toronto $3,727

Monthly costs for a family of three with rent: $4,158 in Elliot Lake, ON versus $4,844 in Toronto.

Elliot Lake, ON $4,158
Toronto $4,844

Living in Elliot Lake, ON costs roughly 11% less than in Toronto, and outside of rent the biggest gap is in transport.

Both cities are pricier than the global median: Elliot Lake, ON 72% above, Toronto 93% above.

Meal at Budget Restaurant

$17.76 CA$25.11

$17.59 CA$24.87

0.97%

Three-Course Dinner for Two, Mid-Range

$64.8 CA$91.7

$78.8 CA$111

-17.74%

Fast Food Meal (McDonalds, etc)

$10.57 CA$14.94

$10.73 CA$15.16

-1.49%

Cappuccino

$3.70 CA$5.23

$4.09 CA$5.78

-9.54%

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

$1.98 CA$2.80

$2.10 CA$2.97

-5.71%

Water (0.33 liter bottle)

$1.62 CA$2.29

$1.72 CA$2.43

-5.81%

Local Beer (0.5 liter draught)

$5.21 CA$7.36

$6.36 CA$8.99

-18.08%

Imported Beer (0.33 liter bottle)

$5.65 CA$7.98

$7.08 CA$10.01

-20.20%

Milk (1 liter)

$2.30 CA$3.25

$2.54 CA$3.59

-9.45%

White Bread (500g)

$2.55 CA$3.60

$2.72 CA$3.85

-6.25%

Rice (white) (1kg)

$3.04 CA$4.30

$2.18 CA$3.09

39.45%

Eggs

$3.17 CA$4.48

$3.63 CA$5.13

-12.67%

Local Cheese (1kg)

$10.28 CA$14.53

$9.46 CA$13.37

8.67%

Chicken Fillets (1kg)

$12.93 CA$18.28

$11.54 CA$16.32

12.05%

Beef Round Steak (1kg)

$16.33 CA$23.08

$14.37 CA$20.32

13.64%

Apples (1kg)

$3.87 CA$5.47

$3.70 CA$5.23

4.59%

Banana (1kg)

$1.26 CA$1.78

$1.19 CA$1.68

5.88%

Oranges (1kg)

$3.51 CA$4.97

$3.46 CA$4.90

1.45%

Tomato (1kg)

$3.92 CA$5.54

$4.22 CA$5.97

-7.11%

Potato (1kg)

$2.73 CA$3.86

$1.79 CA$2.52

52.51%

Onion (1kg)

$1.99 CA$2.81

$1.65 CA$2.33

20.61%

Lettuce (1 head)

$2.43 CA$3.43

$2.20 CA$3.11

10.45%

Water (1.5 liter bottle)

$1.79 CA$2.53

$1.26 CA$1.78

42.06%

Cigarettes 20 Pack (Marlboro, Camel)

$14.18 CA$20.04

$13.97 CA$19.75

1.50%

Wine (Bottle)

$12.80 CA$18.10

$14.20 CA$20.07

-9.86%

Local Beer (0.5 liter bottle)

$2.42 CA$3.42

$2.25 CA$3.18

7.56%

Imported Beer (0.33 liter bottle)

$2.91 CA$4.12

$2.53 CA$3.58

15.02%

One-way Ticket (Public Transport)

$2.25 CA$3.18

$2.32 CA$3.28

-3.02%

Public Transport Monthly Pass (Regular Price)

$64.7 CA$91.4

$112 CA$158

-42.09%

Taxi Start (Normal Tariff)

$2.95 CA$4.17

$3.06 CA$4.33

-3.59%

Taxi (Normal Tariff) (1km)

$1.40 CA$1.98

$1.22 CA$1.72

14.75%

Taxi 1hour Waiting (Normal Tariff)

$23.73 CA$33.55

$21.69 CA$30.66

9.41%

Gasoline (1 liter)

$1.07 CA$1.52

$1.21 CA$1.72

-11.57%

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

$25.8K CA$36.4K

$26.1K CA$37.0K

-1.37%

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

$23.2K CA$32.8K

$21.1K CA$29.9K

9.93%

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

$150 CA$212

$120 CA$169

25.61%

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

$32.88 CA$46.48

$32.21 CA$45.54

2.08%

Internet (50+ Mbps, Unlimited Data)

$55.6 CA$78.6

$48.88 CA$69.1

13.71%

Gym Membership (Monthly)

$44.30 CA$62.6

$39.34 CA$55.6

12.61%

Tennis Court (1 Hour on Weekend)

$20.25 CA$28.63

$23.58 CA$33.34

-14.12%

Cinema Ticket

$10.01 CA$14.15

$12.58 CA$17.79

-20.43%

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

$628 CA$887

$832 CA$1,176

-24.55%

International Primary School, 1 Child (Yearly)

$11.6K CA$16.4K

$23.6K CA$33.4K

-50.95%

Jeans (Levis 501 Or Similar)

$56.7 CA$80.2

$52.3 CA$73.9

8.47%

Summer Dress (H&M, Zara, etc)

$40.46 CA$57.2

$39.44 CA$55.8

2.59%

Sport Shoes (Adidas, Nike)

$92.9 CA$131

$99.0 CA$140

-6.20%

Men's Leather Business Shoes

$107 CA$151

$122 CA$172

-12.21%

1-bedroom Apartment, City Center (Monthly)

$1,394 CA$1,971

$1,631 CA$2,306

-14.56%

1-bedroom Apartment, Outside City Center (Monthly)

$1,169 CA$1,652

$1,448 CA$2,048

-19.29%

3-bedroom Apartment, City Center (Monthly)

$2,224 CA$3,145

$2,737 CA$3,869

-18.73%

3-bedroom Apartment, Outside City Center (Monthly)

$1,560 CA$2,206

$2,129 CA$3,010

-26.72%

Buy Apartment in City Center (m2)

$4,250 CA$6,009

$8,206 CA$11.6K

-48.20%

Buy Apartment Outside City Center (m2)

$3,892 CA$5,502

$6,838 CA$9,666

-43.08%

Average Monthly Net Salary (After Tax)

$3,520 CA$4,976

20-Year Fixed Mortgage Interest Rate (Annual %)

4.67

4.47

4.47%

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

Last update for Elliot Lake, ON: October 18, 2026

Last update for Toronto: October 18, 2026

Monthly budget structure

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

Accommodation & Living

Elliot Lake, ON

$1.2K 50.3%

Toronto

$1.4K 55.5% 23.9% $279

Groceries & Markets

Elliot Lake, ON

$365 15.7%

Toronto

$343 13.1% 6.1% $22

Eating Out

Elliot Lake, ON

$270 11.6%

Toronto

$283 10.9% 4.9% $13

Monthly Utilities & Internet

Elliot Lake, ON

$239 10.3%

Toronto

$201 7.7% 15.9% $38

Clothing & Footwear

Elliot Lake, ON

$134 5.8%

Toronto

$141 5.4% 5.2% $7

Getting Around

Elliot Lake, ON

$84 3.6%

Toronto

$130 5% 55.6% $46

Sport & Entertainment

Elliot Lake, ON

$64 2.8%

Toronto

$65 2.5% 0.3% $0.2

Cost Breakdown

A one-bedroom apartment in the center runs $1,394 in Elliot Lake, ON and $1,631 in Toronto. Housing cost is often the main lever when comparing two cities.

Dining out: $65.0 in Elliot Lake, ON vs $79.0 in Toronto. Groceries flip the comparison at $365 vs $343, with Toronto cheaper for home cooking.

Good to know

🇨🇦 Elliot Lake, ON

🇨🇦 Toronto

🕒 Local time

09:28 9:28 AM

Same time as Elliot Lake, ON

🌤 Weather

👥 Population

10,741

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

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Elliot Lake, ON Toronto 400 km

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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

Elliot Lake, ON vs Toronto: Cost of Living - Frequently Asked Questions

Elliot Lake, ON is cheaper overall, especially in eating out, clothing, and transport. The 12% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $3,487 in Elliot Lake, ON and $3,916 in Toronto to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Rent for a central apartment: $1,394 in Elliot Lake, ON versus $1,631 in Toronto. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $2,324 per month in Elliot Lake, ON versus $2,610 in Toronto – a 12% gap that adds up to real savings over time for anyone picking the cheaper option.

A monthly transit pass in Elliot Lake, ON runs roughly 73% less than in Toronto. Both cities have functional networks, but the price difference matters if you're watching your budget.

At $2,324 in Elliot Lake, ON versus $2,610 in Toronto, a $2,500 budget is realistic in Elliot Lake, ON but tight or insufficient in Toronto. The gap between the two cities makes Elliot Lake, ON the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

Expats usually find Elliot Lake, ON gentler on the wallet – expenses run 12% less than in Toronto. Beyond cost, consider language, visa policies, and how big the international community is in each city.