Last update: Oct 2026

Cost of Living Comparison Between London, Canada and Toronto

For one person, living is cheaper in London: $2,342 a month against $2,589 in Toronto, rent and utilities included – about $3,000 less a year. Higher rent and utilities in Toronto outweigh lower spending on other living expenses.

112

Cost of Living Index in London
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London Living Index
125

Cost of Living Index in Toronto
Learn more

Toronto Living Index

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London

🇨🇦 Canada

$2,342

/mo nomad

Toronto

🇨🇦 Canada

$2,589

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $2,342 in London versus $2,589 in Toronto.

London $2,342
Toronto $2,589

Estimated couple costs with rent: $3,356 in London versus $3,710 in Toronto.

London $3,356
Toronto $3,710

Monthly costs for a family of three with rent: $4,370 in London versus $4,831 in Toronto.

London $4,370
Toronto $4,831

Living in London costs roughly 10% less than in Toronto, and outside of rent the biggest gap is in transport.

Both cities are pricier than the global median: London 72% above, Toronto 90% above.

Meal at Budget Restaurant

$21.44 CA$29.96

$17.60 CA$24.59

21.82%

Three-Course Dinner for Two, Mid-Range

$64.9 CA$90.6

$77.8 CA$109

-16.63%

Fast Food Meal (McDonalds, etc)

$12.45 CA$17.40

$10.59 CA$14.79

17.56%

Cappuccino

$3.75 CA$5.24

$4.16 CA$5.81

-9.86%

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

$2.21 CA$3.09

$2.04 CA$2.86

8.33%

Water (0.33 liter bottle)

$2.13 CA$2.98

$1.75 CA$2.45

21.71%

Local Beer (0.5 liter draught)

$6.26 CA$8.74

$6.58 CA$9.19

-4.86%

Imported Beer (0.33 liter bottle)

$6.40 CA$8.94

$7.11 CA$9.94

-9.99%

Milk (1 liter)

$1.89 CA$2.64

$2.53 CA$3.54

-25.30%

White Bread (500g)

$2.67 CA$3.73

$2.70 CA$3.78

-1.11%

Rice (white) (1kg)

$4.07 CA$5.68

$2.24 CA$3.13

81.70%

Eggs

$3.69 CA$5.15

$3.48 CA$4.87

6.03%

Local Cheese (1kg)

$10.02 CA$14.00

$9.38 CA$13.10

6.82%

Chicken Fillets (1kg)

$11.75 CA$16.41

$11.60 CA$16.21

1.29%

Beef Round Steak (1kg)

$14.92 CA$20.85

$14.68 CA$20.52

1.63%

Apples (1kg)

$4.38 CA$6.11

$3.74 CA$5.23

17.11%

Banana (1kg)

$1.21 CA$1.68

$1.22 CA$1.71

-0.82%

Oranges (1kg)

$3.79 CA$5.29

$3.48 CA$4.86

8.91%

Tomato (1kg)

$4.21 CA$5.88

$4.32 CA$6.04

-2.55%

Potato (1kg)

$3.20 CA$4.47

$1.85 CA$2.59

72.97%

Onion (1kg)

$3.07 CA$4.30

$1.69 CA$2.36

81.66%

Lettuce (1 head)

$2.52 CA$3.53

$2.23 CA$3.11

13.00%

Water (1.5 liter bottle)

$1.54 CA$2.16

$1.28 CA$1.78

20.31%

Cigarettes 20 Pack (Marlboro, Camel)

$12.01 CA$16.78

$14.04 CA$19.62

-14.46%

Wine (Bottle)

$12.68 CA$17.72

$14.43 CA$20.16

-12.13%

Local Beer (0.5 liter bottle)

$2.55 CA$3.57

$2.16 CA$3.01

18.06%

Imported Beer (0.33 liter bottle)

$2.91 CA$4.07

$2.52 CA$3.53

15.48%

One-way Ticket (Public Transport)

$2.55 CA$3.56

$2.37 CA$3.31

7.59%

Public Transport Monthly Pass (Regular Price)

$80.3 CA$112

$112 CA$157

-28.61%

Taxi Start (Normal Tariff)

$2.45 CA$3.42

$3.04 CA$4.25

-19.41%

Taxi (Normal Tariff) (1km)

$1.64 CA$2.29

$1.24 CA$1.73

32.26%

Taxi 1hour Waiting (Normal Tariff)

$22.15 CA$30.95

$22.55 CA$31.51

-1.77%

Gasoline (1 liter)

$1.25 CA$1.74

$1.24 CA$1.74

0.81%

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

$26.8K CA$37.5K

$26.9K CA$37.6K

-0.36%

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

$23.2K CA$32.4K

$21.4K CA$29.9K

8.31%

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

$139 CA$194

$125 CA$174

11.46%

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

$39.22 CA$54.8

$33.05 CA$46.19

18.67%

Internet (50+ Mbps, Unlimited Data)

$56.6 CA$79.1

$47.96 CA$67.0

18.02%

Gym Membership (Monthly)

$35.95 CA$50.2

$36.69 CA$51.3

-2.02%

Tennis Court (1 Hour on Weekend)

$28.81 CA$40.25

$23.67 CA$33.07

21.72%

Cinema Ticket

$10.83 CA$15.14

$13.08 CA$18.27

-17.20%

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

$419 CA$586

$759 CA$1,060

-44.73%

International Primary School, 1 Child (Yearly)

$20.8K CA$29.1K

$23.8K CA$33.2K

-12.48%

Jeans (Levis 501 Or Similar)

$54.2 CA$75.7

$53.5 CA$74.8

1.14%

Summer Dress (H&M, Zara, etc)

$38.94 CA$54.4

$40.44 CA$56.5

-3.71%

Sport Shoes (Adidas, Nike)

$81.1 CA$113

$100 CA$140

-19.34%

Men's Leather Business Shoes

$91.4 CA$128

$125 CA$175

-27.03%

1-bedroom Apartment, City Center (Monthly)

$1,323 CA$1,849

$1,630 CA$2,277

-18.83%

1-bedroom Apartment, Outside City Center (Monthly)

$1,149 CA$1,606

$1,416 CA$1,978

-18.81%

3-bedroom Apartment, City Center (Monthly)

$2,099 CA$2,932

$2,694 CA$3,765

-22.11%

3-bedroom Apartment, Outside City Center (Monthly)

$1,681 CA$2,349

$2,101 CA$2,936

-19.99%

Buy Apartment in City Center (m2)

$4,124 CA$5,762

$7,551 CA$10.6K

-45.38%

Buy Apartment Outside City Center (m2)

$3,452 CA$4,823

$6,674 CA$9,325

-48.28%

Average Monthly Net Salary (After Tax)

$3,052 CA$4,265

$3,543 CA$4,951

-13.86%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.72

4.45

6.07%

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

Last update for London: October 26, 2026

Last update for Toronto: October 26, 2026

Monthly budget structure

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

Accommodation & Living

London

$1.1K 49.1%

Toronto

$1.4K 54.7% 23.2% $266

Groceries & Markets

London

$364 15.5%

Toronto

$345 13.3% 5.2% $19

Eating Out

London

$315 13.5%

Toronto

$285 11% 9.7% $31

Monthly Utilities & Internet

London

$235 10%

Toronto

$206 7.9% 12.4% $29

Clothing & Footwear

London

$119 5.1%

Toronto

$144 5.6% 20.4% $24

Getting Around

London

$101 4.3%

Toronto

$131 5.1% 29.7% $30

Sport & Entertainment

London

$58 2.5%

Toronto

$63 2.4% 9.1% $5.2

Cost Breakdown

A one-bedroom apartment in the center runs $1,323 in London and $1,630 in Toronto. Housing cost is often the main lever when comparing two cities.

Toronto pays 16% more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $65 in London vs $78 in Toronto. Groceries flip the comparison at $364 vs $345, with Toronto cheaper for home cooking.

Good to know

🇨🇦 London

🇨🇦 Toronto

🕒 Local time

17:04 5:04 PM

Same time as London

🌤 Weather

👥 Population

383,822

2,731,571

💱 Currency

Canadian Dollar CAD $

📈 Exchange rate

1 CAD = 0.716 USD

1 CAD = 0.641 EUR

1 CAD = 0.716 USD

1 CAD = 0.641 EUR

Exchange rates and currency converter

On the map

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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

London vs Toronto: Cost of Living - Frequently Asked Questions

London is about 10% cheaper overall, especially in transport, clothing, and leisure. That difference adds up to real monthly savings that compound significantly over time.

On paper, salaries run 14% lower in London. That’s worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $1,323 in London versus $1,630 in Toronto. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you’ll spend $2,342 per month in London versus $2,589 in Toronto – London is about 10% cheaper, which adds up to real savings over time.

A monthly transit pass in London runs roughly 29% less than in Toronto. The price difference matters if you commute daily and watch your 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.

It comes down to priorities – London wins on affordability, Toronto on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.