Last update: Oct 2026

Cost of Living Comparison Between Lakewood, WA and Toronto

For one person, living is cheaper in Toronto: $2,610 a month against $3,284 in Lakewood, WA, rent and utilities included – about $8,100 less a year. Rent and utilities account for most of the difference.

158

Cost of Living Index in Lakewood, WA
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Lakewood, WA Living Index
126

Cost of Living Index in Toronto
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Toronto Living Index

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Lakewood, WA

🇺🇸 United States

$3,284

/mo nomad

Toronto

🇨🇦 Canada

$2,610

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $3,284 in Lakewood, WA versus $2,610 in Toronto.

Lakewood, WA $3,284
Toronto $2,610

Estimated couple costs with rent: $4,777 in Lakewood, WA versus $3,727 in Toronto.

Lakewood, WA $4,777
Toronto $3,727

Monthly costs for a family of three with rent: $6,270 in Lakewood, WA versus $4,844 in Toronto.

Lakewood, WA $6,270
Toronto $4,844

Living in Lakewood, WA is roughly 26% more expensive than in Toronto, and outside of rent the biggest gap is in utilities.

Both cities are pricier than the global median: Lakewood, WA 142% above, Toronto 93% above.

Meal at Budget Restaurant

$18.09 $18.09

$17.59 CA$24.87

2.84%

Three-Course Dinner for Two, Mid-Range

$67.6 $67.6

$78.8 CA$111

-14.22%

Fast Food Meal (McDonalds, etc)

$12.71 $12.71

$10.73 CA$15.16

18.45%

Cappuccino

$5.20 $5.20

$4.09 CA$5.78

27.14%

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

$2.98 $2.98

$2.10 CA$2.97

41.90%

Water (0.33 liter bottle)

$2.05 $2.05

$1.72 CA$2.43

19.19%

Local Beer (0.5 liter draught)

$3.90 $3.90

$6.36 CA$8.99

-38.68%

Imported Beer (0.33 liter bottle)

$6.10 $6.10

$7.08 CA$10.01

-13.84%

Milk (1 liter)

$1.02 $1.02

$2.54 CA$3.59

-59.84%

White Bread (500g)

$3.68 $3.68

$2.72 CA$3.85

35.29%

Rice (white) (1kg)

$4.24 $4.24

$2.18 CA$3.09

94.50%

Eggs

$3.92 $3.92

$3.63 CA$5.13

7.99%

Local Cheese (1kg)

$13.72 $13.72

$9.46 CA$13.37

45.03%

Chicken Fillets (1kg)

$8.69 $8.69

$11.54 CA$16.32

-24.70%

Beef Round Steak (1kg)

$11.21 $11.21

$14.37 CA$20.32

-21.99%

Apples (1kg)

$4.38 $4.38

$3.70 CA$5.23

18.38%

Banana (1kg)

$1.94 $1.94

$1.19 CA$1.68

63.03%

Oranges (1kg)

$4.16 $4.16

$3.46 CA$4.90

20.23%

Tomato (1kg)

$4.52 $4.52

$4.22 CA$5.97

7.11%

Potato (1kg)

$1.97 $1.97

$1.79 CA$2.52

10.06%

Onion (1kg)

$2.15 $2.15

$1.65 CA$2.33

30.30%

Lettuce (1 head)

$2.02 $2.02

$2.20 CA$3.11

-8.18%

Water (1.5 liter bottle)

$2.49 $2.49

$1.26 CA$1.78

97.62%

Cigarettes 20 Pack (Marlboro, Camel)

$12.36 $12.36

$13.97 CA$19.75

-11.52%

Wine (Bottle)

$15.84 $15.84

$14.20 CA$20.07

11.55%

Local Beer (0.5 liter bottle)

$1.98 $1.98

$2.25 CA$3.18

-12.00%

Imported Beer (0.33 liter bottle)

$4.15 $4.15

$2.53 CA$3.58

64.03%

One-way Ticket (Public Transport)

$2.04 $2.04

$2.32 CA$3.28

-12.07%

Public Transport Monthly Pass (Regular Price)

$197 $197

$112 CA$158

76.26%

Taxi Start (Normal Tariff)

$2.02 $2.02

$3.06 CA$4.33

-33.99%

Taxi (Normal Tariff) (1km)

$0.64 $0.64

$1.22 CA$1.72

-47.54%

Taxi 1hour Waiting (Normal Tariff)

$27.31 $27.31

$21.69 CA$30.66

25.91%

Gasoline (1 liter)

$1.34 $1.34

$1.21 CA$1.72

10.74%

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

$28.1K $28.1K

$26.1K CA$37.0K

7.49%

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

$26.3K $26.3K

$21.1K CA$29.9K

24.53%

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

$289 $289

$120 CA$169

141.37%

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

$74.0 $74.0

$32.21 CA$45.54

129.71%

Internet (50+ Mbps, Unlimited Data)

$89.5 $89.5

$48.88 CA$69.1

83.10%

Gym Membership (Monthly)

$41.00 $41.00

$39.34 CA$55.6

4.22%

Tennis Court (1 Hour on Weekend)

$24.97 $24.97

$23.58 CA$33.34

5.89%

Cinema Ticket

$18.08 $18.08

$12.58 CA$17.79

43.72%

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

$1,965 $1,965

$832 CA$1,176

136.26%

International Primary School, 1 Child (Yearly)

$25.7K $25.7K

$23.6K CA$33.4K

8.69%

Jeans (Levis 501 Or Similar)

$50.1 $50.1

$52.3 CA$73.9

-4.19%

Summer Dress (H&M, Zara, etc)

$38.11 $38.11

$39.44 CA$55.8

-3.37%

Sport Shoes (Adidas, Nike)

$100 $100

$99.0 CA$140

1.14%

Men's Leather Business Shoes

$136 $136

$122 CA$172

11.63%

1-bedroom Apartment, City Center (Monthly)

$1,961 $1,961

$1,631 CA$2,306

20.19%

1-bedroom Apartment, Outside City Center (Monthly)

$1,733 $1,733

$1,448 CA$2,048

19.65%

3-bedroom Apartment, City Center (Monthly)

$3,365 $3,365

$2,737 CA$3,869

22.95%

3-bedroom Apartment, Outside City Center (Monthly)

$3,047 $3,047

$2,129 CA$3,010

43.11%

Buy Apartment in City Center (m2)

$2,359 $2,359

$8,206 CA$11.6K

-71.26%

Buy Apartment Outside City Center (m2)

$2,606 $2,606

$6,838 CA$9,666

-61.89%

Average Monthly Net Salary (After Tax)

$3,520 CA$4,976

20-Year Fixed Mortgage Interest Rate (Annual %)

6.81

4.47

52.35%

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

Last update for Lakewood, WA: October 19, 2026

Last update for Toronto: October 18, 2026

Monthly budget structure

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

Accommodation & Living

Lakewood, WA

$1.7K 52.8%

Toronto

$1.4K 55.5% 16.4% $285

Monthly Utilities & Internet

Lakewood, WA

$452 13.8%

Toronto

$201 7.7% 55.6% $252

Groceries & Markets

Lakewood, WA

$369 11.2%

Toronto

$343 13.1% 7% $26

Eating Out

Lakewood, WA

$297 9.1%

Toronto

$283 10.9% 4.7% $14

Getting Around

Lakewood, WA

$210 6.4%

Toronto

$130 5% 38.1% $80

Clothing & Footwear

Lakewood, WA

$146 4.5%

Toronto

$141 5.4% 3.6% $5.3

Sport & Entertainment

Lakewood, WA

$77 2.4%

Toronto

$65 2.5% 16.4% $13

Cost Breakdown

A one-bedroom apartment in the center runs $1,961 in Lakewood, WA and $1,631 in Toronto. Housing cost is often the main lever when comparing two cities.

Dining out: $68.0 in Lakewood, WA vs $79.0 in Toronto. Groceries flip the comparison at $369 vs $343, with Toronto cheaper for home cooking.

Good to know

🇺🇸 Lakewood, WA

🇨🇦 Toronto

🕒 Local time

07:51 7:51 AM

10:51 10:51 AM

3 h ahead of Lakewood, WA

🌤 Weather

👥 Population

140,024

2,731,571

💱 Currency

United States Dollar USD $

Canadian Dollar CAD $

📈 Exchange rate

1 USD = 0.89 EUR

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

Exchange rates and currency converter

CAD, EUR to USD – United States Dollar Converter

🇨🇦 Canadian Dollar ($)

🇺🇸 United States Dollar ($)

United States Dollar exchange rates as of October 22, 2026: 1 EUR = 1.12 USD (1 USD = 0.89 EUR).

Canadian Dollar exchange rates as of October 22, 2026: 1 USD = 1.41 CAD (1 CAD = 0.707 USD). 1 EUR = 1.59 CAD (1 CAD = 0.629 EUR).

CAD to USD in detail →

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Lakewood, WA Toronto 3,350 km ≈ 4 h 45 min nonstop flight

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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

Lakewood, WA vs Toronto: Cost of Living - Frequently Asked Questions

Lakewood, WA and Toronto differ by about 26% in total monthly costs ($3,284 vs $2,610 including rent). Toronto is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

You'd need roughly $4,926 in Lakewood, WA 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: $1,961 in Lakewood, WA versus $1,631 in Toronto. Housing is usually the single largest factor when comparing overall living costs between the two.

Dining out is cheaper in Toronto – a meal for two runs $79.0 versus $68.0 in Lakewood, WA. If you eat out regularly, this makes a real dent in your monthly spending.

All in, you'll spend $3,284 per month in Lakewood, WA versus $2,610 in Toronto – a 26% gap that adds up to real savings over time for anyone picking the cheaper option.

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.

Safety-wise, Lakewood, WA and Toronto are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Toronto gentler on the wallet – expenses run 26% less than in Lakewood, WA. Beyond cost, consider language, visa policies, and how big the international community is in each city.