Cost of Living Comparison Between Iqaluit, NU and Toronto Cost of Living Comparison Between Iqaluit, NU and Toronto

Monthly Cost of Living

Monthly costs for one person with rent: $2,981 in Iqaluit, NU versus $2,628 in Toronto.

Estimated couple costs with rent: $4,655 in Iqaluit, NU versus $3,848 in Toronto.

Monthly costs for a family of three with rent: $6,330 in Iqaluit, NU versus $5,067 in Toronto.

Living in Iqaluit, NU is roughly 13% more expensive than in Toronto, driven mainly by Eating Out.

Both cities are pricier than the global median: Iqaluit, NU 117% above, Toronto 91% above.

Meal at Budget Restaurant

$28.40 CA$39.16

$17.88 CA$24.66

58.84%

Three-Course Dinner for Two, Mid-Range

$66.1 CA$91.2

$87.9 CA$121

-24.78%

Fast Food Meal (McDonalds, etc)

$12.89 CA$17.78

$10.93 CA$15.08

17.93%

Cappuccino

$7.01 CA$9.66

$4.06 CA$5.60

72.66%

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

$3.71 CA$5.12

$2.18 CA$3.01

70.18%

Water (0.33 liter bottle)

$1.67 CA$2.30

$1.70 CA$2.34

-1.76%

Local Beer (0.5 liter draught)

$6.73 CA$9.29

$6.69 CA$9.22

0.60%

Imported Beer (0.33 liter bottle)

$5.67 CA$7.82

$7.35 CA$10.13

-22.86%

Milk (1 liter)

$2.49 CA$3.43

$2.78 CA$3.83

-10.43%

White Bread (500g)

$2.58 CA$3.56

$2.89 CA$3.99

-10.73%

Rice (white) (1kg)

$3.39 CA$4.67

$2.56 CA$3.54

32.42%

Eggs

$3.59 CA$4.96

$3.79 CA$5.22

-5.28%

Local Cheese (1kg)

$10.13 CA$13.96

$10.17 CA$14.02

-0.39%

Chicken Fillets (1kg)

$13.53 CA$18.65

$11.95 CA$16.48

13.22%

Beef Round Steak (1kg)

$14.67 CA$20.23

$16.12 CA$22.23

-9.00%

Apples (1kg)

$3.95 CA$5.45

$3.89 CA$5.37

1.54%

Banana (1kg)

$1.35 CA$1.86

$1.27 CA$1.76

6.30%

Oranges (1kg)

$3.83 CA$5.28

$3.88 CA$5.35

-1.29%

Tomato (1kg)

$3.89 CA$5.37

$4.33 CA$5.97

-10.16%

Potato (1kg)

$2.56 CA$3.53

$1.83 CA$2.52

39.89%

Onion (1kg)

$2.28 CA$3.15

$1.50 CA$2.06

52.00%

Lettuce (1 head)

$2.49 CA$3.43

$2.28 CA$3.14

9.21%

Water (1.5 liter bottle)

$1.63 CA$2.24

$1.44 CA$1.98

13.19%

Cigarettes 20 Pack (Marlboro, Camel)

$14.27 CA$19.68

$14.20 CA$19.58

0.49%

Wine (Bottle)

$12.71 CA$17.53

$14.24 CA$19.64

-10.74%

Local Beer (0.5 liter bottle)

$2.79 CA$3.84

$2.25 CA$3.10

24.00%

Imported Beer (0.33 liter bottle)

$3.20 CA$4.42

$2.53 CA$3.49

26.48%

One-way Ticket (Public Transport)

$2.31 CA$3.18

$2.47 CA$3.41

-6.48%

Public Transport Monthly Pass (Regular Price)

$64.4 CA$88.8

$112 CA$154

-42.45%

Taxi Start (Normal Tariff)

$6.62 CA$9.14

$3.05 CA$4.20

117.05%

Taxi (Normal Tariff) (1km)

$1.42 CA$1.95

$1.24 CA$1.70

14.52%

Taxi 1hour Waiting (Normal Tariff)

$24.39 CA$33.63

$22.44 CA$30.94

8.69%

Gasoline (1 liter)

$1.13 CA$1.55

$1.24 CA$1.70

-8.87%

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

$38.8K CA$53.5K

$27.5K CA$37.9K

41.00%

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

$32.0K CA$44.1K

$21.1K CA$29.2K

51.40%

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

$117 CA$161

$128 CA$176

-8.33%

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

$39.60 CA$54.6

$33.79 CA$46.59

17.19%

Internet (50+ Mbps, Unlimited Data)

$57.6 CA$79.4

$49.25 CA$67.9

16.85%

Gym Membership (Monthly)

$42.22 CA$58.2

$40.93 CA$56.5

3.15%

Tennis Court (1 Hour on Weekend)

$18.32 CA$25.27

$24.62 CA$33.95

-25.59%

Cinema Ticket

$8.42 CA$11.61

$13.16 CA$18.15

-36.02%

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

$776 CA$1,070

$792 CA$1,093

-2.06%

International Primary School, 1 Child (Yearly)

$13.6K CA$18.8K

$24.1K CA$33.3K

-43.49%

Jeans (Levis 501 Or Similar)

$53.4 CA$73.7

$54.5 CA$75.2

-1.98%

Summer Dress (H&M, Zara, etc)

$38.32 CA$52.9

$43.11 CA$59.5

-11.11%

Sport Shoes (Adidas, Nike)

$86.9 CA$120

$102 CA$140

-14.43%

Men's Leather Business Shoes

$103 CA$142

$123 CA$170

-16.66%

1-bedroom Apartment, City Center (Monthly)

$1,827 CA$2,519

$1,653 CA$2,279

10.51%

1-bedroom Apartment, Outside City Center (Monthly)

$1,708 CA$2,355

$1,452 CA$2,002

17.63%

3-bedroom Apartment, City Center (Monthly)

$2,929 CA$4,038

$2,694 CA$3,716

8.69%

3-bedroom Apartment, Outside City Center (Monthly)

$3,445 CA$4,751

$2,149 CA$2,964

60.30%

Buy Apartment in City Center (m2)

$4,330 CA$5,971

$8,347 CA$11.5K

-48.13%

Buy Apartment Outside City Center (m2)

$3,729 CA$5,142

$6,816 CA$9,399

-45.29%

Average Monthly Net Salary (After Tax)

$4,205 CA$5,799

$3,614 CA$4,984

16.36%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.32

4.49

18.49%

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

Last update for Iqaluit, NU: August 30, 2026

Last update for Toronto: August 30, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,827 in Iqaluit, NU and $1,653 in Toronto. Housing cost is often the main lever when comparing two cities.

Iqaluit, NU pays 16% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $66.0 in Iqaluit, NU vs $88.0 in Toronto. Groceries flip the comparison at $371 vs $365, with Toronto cheaper for home cooking.

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

Iqaluit, NU vs Toronto: Cost of Living - Frequently Asked Questions

Toronto is cheaper overall, especially in Eating Out, Groceries & Markets, Monthly Utilities & Internet. The 13% gap adds up to real monthly savings that compound significantly over time.

Average pay runs 16% higher in Iqaluit, NU, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $1,827 in Iqaluit, NU versus $1,653 in Toronto. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $776 in Iqaluit, NU versus $792 in Toronto. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 2% higher in Iqaluit, NU. For households that cook at home regularly, that difference adds up over a month.

Both cities are expensive relative to $2,500. Toronto is the more realistic option, but even there you'll need to be disciplined with housing, food, and fun money.

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 Toronto gentler on the wallet – expenses run 13% less than in Iqaluit, NU. Beyond cost, consider language, visa policies, and how big the international community is in each city.