Last update: Oct 2026

Cost of Living Comparison Between Memphis, TN and Toronto

For one person, living costs are similar in Memphis, TN and in Toronto: $2,484 and $2,530 a month, rent and utilities included.

121

Cost of Living Index in Memphis, TN
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Memphis, TN Living Index
125

Cost of Living Index in Toronto
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Toronto Living Index

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Memphis, TN

🇺🇸 United States

$2,484

/mo nomad

Toronto

🇨🇦 Canada

$2,530

/mo nomad

Monthly Cost of Living

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

A single person spends $2,484 per month in Memphis, TN vs $2,530 in Toronto, rent included.

Memphis, TN $2,484
Toronto $2,530

A couple spends around $3,630 per month in Memphis, TN vs $3,646 in Toronto, rent included.

Memphis, TN $3,630
Toronto $3,646

A family of three spends $4,775 per month in Memphis, TN vs $4,761 in Toronto, rent included.

Memphis, TN $4,775
Toronto $4,761

Memphis, TN is about 2% cheaper than Toronto, and outside of rent the biggest gap is in utilities.

Both Memphis, TN and Toronto sit above the global median – Memphis, TN by 85%, Toronto by 89%.

Meal at Budget Restaurant

$17.83 $17.83

$17.67 CA$25.19

0.91%

Three-Course Dinner for Two, Mid-Range

$74.9 $74.9

$77.4 CA$110

-3.22%

Fast Food Meal (McDonalds, etc)

$12.10 $12.10

$10.47 CA$14.93

15.57%

Cappuccino

$5.56 $5.56

$4.08 CA$5.81

36.27%

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

$2.39 $2.39

$2.12 CA$3.02

12.74%

Water (0.33 liter bottle)

$1.97 $1.97

$1.76 CA$2.51

11.93%

Local Beer (0.5 liter draught)

$7.18 $7.18

$6.17 CA$8.80

16.37%

Imported Beer (0.33 liter bottle)

$8.23 $8.23

$6.89 CA$9.82

19.45%

Milk (1 liter)

$0.90 $0.90

$2.43 CA$3.46

-62.96%

White Bread (500g)

$3.14 $3.14

$2.75 CA$3.92

14.18%

Rice (white) (1kg)

$4.01 $4.01

$2.23 CA$3.18

79.82%

Eggs

$3.78 $3.78

$3.45 CA$4.91

9.57%

Local Cheese (1kg)

$13.45 $13.45

$8.93 CA$12.73

50.62%

Chicken Fillets (1kg)

$11.36 $11.36

$11.44 CA$16.31

-0.70%

Beef Round Steak (1kg)

$19.44 $19.44

$14.61 CA$20.83

33.06%

Apples (1kg)

$5.73 $5.73

$3.75 CA$5.34

52.80%

Banana (1kg)

$1.77 $1.77

$1.15 CA$1.64

53.91%

Oranges (1kg)

$6.00 $6.00

$3.55 CA$5.06

69.01%

Tomato (1kg)

$4.83 $4.83

$4.28 CA$6.10

12.85%

Potato (1kg)

$3.22 $3.22

$1.85 CA$2.63

74.05%

Onion (1kg)

$4.18 $4.18

$1.67 CA$2.38

150.30%

Lettuce (1 head)

$2.56 $2.56

$2.22 CA$3.16

15.32%

Water (1.5 liter bottle)

$2.13 $2.13

$1.21 CA$1.72

76.03%

Cigarettes 20 Pack (Marlboro, Camel)

$10.63 $10.63

$13.88 CA$19.78

-23.41%

Wine (Bottle)

$12.87 $12.87

$14.25 CA$20.31

-9.68%

Local Beer (0.5 liter bottle)

$1.79 $1.79

$2.20 CA$3.13

-18.64%

Imported Beer (0.33 liter bottle)

$1.64 $1.64

$2.42 CA$3.45

-32.23%

One-way Ticket (Public Transport)

$0.97 $0.97

$2.42 CA$3.44

-59.92%

Public Transport Monthly Pass (Regular Price)

$39.19 $39.19

$111 CA$158

-64.61%

Taxi Start (Normal Tariff)

$1.94 $1.94

$2.90 CA$4.13

-33.10%

Taxi (Normal Tariff) (1km)

$1.41 $1.41

$1.26 CA$1.80

11.90%

Taxi 1hour Waiting (Normal Tariff)

$19.61 $19.61

$22.03 CA$31.40

-10.99%

Gasoline (1 liter)

$0.99 $0.99

$1.22 CA$1.74

-18.85%

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

$37.4K $37.4K

$27.6K CA$39.4K

35.49%

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

$26.8K $26.8K

$19.8K CA$28.3K

35.18%

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

$186 $186

$122 CA$174

52.70%

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

$86.8 $86.8

$32.03 CA$45.66

170.84%

Internet (50+ Mbps, Unlimited Data)

$76.2 $76.2

$47.92 CA$68.3

59.06%

Gym Membership (Monthly)

$31.38 $31.38

$38.90 CA$55.5

-19.33%

Tennis Court (1 Hour on Weekend)

$16.72 $16.72

$23.24 CA$33.12

-28.06%

Cinema Ticket

$15.15 $15.15

$12.61 CA$17.97

20.14%

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

$1,722 $1,722

$834 CA$1,189

106.47%

International Primary School, 1 Child (Yearly)

$25.0K $25.0K

$23.3K CA$33.3K

7.08%

Jeans (Levis 501 Or Similar)

$47.26 $47.26

$52.6 CA$75.0

-10.15%

Summer Dress (H&M, Zara, etc)

$33.34 $33.34

$40.26 CA$57.4

-17.19%

Sport Shoes (Adidas, Nike)

$82.7 $82.7

$96.2 CA$137

-14.07%

Men's Leather Business Shoes

$152 $152

$123 CA$175

23.85%

1-bedroom Apartment, City Center (Monthly)

$1,495 $1,495

$1,598 CA$2,278

-6.47%

1-bedroom Apartment, Outside City Center (Monthly)

$1,157 $1,157

$1,435 CA$2,045

-19.34%

3-bedroom Apartment, City Center (Monthly)

$2,080 $2,080

$2,657 CA$3,787

-21.70%

3-bedroom Apartment, Outside City Center (Monthly)

$1,884 $1,884

$2,096 CA$2,988

-10.13%

Buy Apartment in City Center (m2)

$1,781 $1,781

$8,033 CA$11.5K

-77.82%

Buy Apartment Outside City Center (m2)

$1,364 $1,364

$6,557 CA$9,347

-79.21%

Average Monthly Net Salary (After Tax)

$3,648 $3,648

$3,743 CA$5,335

-2.53%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.6

4.47

47.65%

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

Last update for Memphis, TN: October 6, 2026

Last update for Toronto: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Memphis, TN

$1.2K 46.6%

Toronto

$1.4K 55.4% 24% $278

Groceries & Markets

Memphis, TN

$406 16.4%

Toronto

$340 13.1% 16.3% $66

Monthly Utilities & Internet

Memphis, TN

$349 14.1%

Toronto

$202 7.8% 42.2% $147

Eating Out

Memphis, TN

$316 12.7%

Toronto

$282 10.9% 10.7% $34

Clothing & Footwear

Memphis, TN

$142 5.7%

Toronto

$140 5.4% 1.1% $1.6

Sport & Entertainment

Memphis, TN

$62 2.5%

Toronto

$64 2.5% 4% $2.4

Getting Around

Memphis, TN

$52 2.1%

Toronto

$130 5% 149% $78

Cost Breakdown

A central one-bedroom costs $1,495 in Memphis, TN versus $1,598 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 3% 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 $75.0 in Memphis, TN versus $77.0 in Toronto. Groceries tell a different story – $406 in Memphis, TN vs $340 in Toronto – so Toronto wins on supermarket bills even if dining out costs more.

Good to know

🇺🇸 Memphis, TN

🇨🇦 Toronto

🕒 Local time

03:15 3:15 AM

04:15 4:15 AM

1 h ahead of Memphis, TN

🌤 Weather

👥 Population

633,104

2,731,571

💱 Currency

United States Dollar USD $

Canadian Dollar CAD $

📈 Exchange rate

1 USD = 0.892 EUR

1 CAD = 0.702 USD

1 CAD = 0.626 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 10, 2026: 1 EUR = 1.12 USD (1 USD = 0.892 EUR).

Canadian Dollar exchange rates as of October 10, 2026: 1 USD = 1.43 CAD (1 CAD = 0.702 USD). 1 EUR = 1.6 CAD (1 CAD = 0.626 EUR).

CAD to USD in detail →

On the map

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Between locations

Memphis, TN Toronto 1,320 km ≈ 2 h 15 min nonstop flight

From you

Memphis, TN
Toronto

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

Memphis, TN vs Toronto: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $2,484 in Memphis, TN, $2,530 in Toronto – roughly 2% apart. Outside of rent, the biggest gap is in utilities.

For a comfortable life, plan on about $3,726 per month in Memphis, TN and $3,795 in Toronto. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Memphis, TN, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Public transport costs about 183% less in Memphis, TN. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $1,722 per month in Memphis, TN and $834 in Toronto. For families with young kids, this one expense can tip the scales when choosing between the two cities.

$3,000 is a stretch for both – monthly costs hit $2,484 in Memphis, TN and $2,530 in Toronto. You'll need shared housing and careful budgeting no matter which city you pick.

Families tend to lean toward Memphis, TN – 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 Memphis, TN. 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.