Last update: Oct 2026

Cost of Living Comparison Between Minneapolis, MN and Toronto

For one person, living is cheaper in Toronto: $2,530 a month against $2,735 in Minneapolis, MN, rent and utilities included – about $2,500 less a year. The total is higher in Minneapolis, MN despite lower rent and utilities.

133

Cost of Living Index in Minneapolis, MN
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Minneapolis, MN Living Index
125

Cost of Living Index in Toronto
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Toronto Living Index

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Minneapolis, MN

🇺🇸 United States

$2,735

/mo nomad

Toronto

🇨🇦 Canada

$2,530

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $2,735 in Minneapolis, MN versus $2,530 in Toronto.

Minneapolis, MN $2,735
Toronto $2,530

Estimated couple costs with rent: $4,128 in Minneapolis, MN versus $3,646 in Toronto.

Minneapolis, MN $4,128
Toronto $3,646

Monthly costs for a family of three with rent: $5,521 in Minneapolis, MN versus $4,761 in Toronto.

Minneapolis, MN $5,521
Toronto $4,761

Living in Minneapolis, MN is roughly 8% more expensive than in Toronto, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Minneapolis, MN 104% above, Toronto 89% above.

Meal at Budget Restaurant

$22.15 $22.15

$17.67 CA$25.19

25.35%

Three-Course Dinner for Two, Mid-Range

$81.0 $81.0

$77.4 CA$110

4.61%

Fast Food Meal (McDonalds, etc)

$12.04 $12.04

$10.47 CA$14.93

15.00%

Cappuccino

$6.56 $6.56

$4.08 CA$5.81

60.78%

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

$3.12 $3.12

$2.12 CA$3.02

47.17%

Water (0.33 liter bottle)

$2.25 $2.25

$1.76 CA$2.51

27.84%

Local Beer (0.5 liter draught)

$7.19 $7.19

$6.17 CA$8.80

16.53%

Imported Beer (0.33 liter bottle)

$7.93 $7.93

$6.89 CA$9.82

15.09%

Milk (1 liter)

$0.91 $0.91

$2.43 CA$3.46

-62.55%

White Bread (500g)

$3.60 $3.60

$2.75 CA$3.92

30.91%

Rice (white) (1kg)

$6.51 $6.51

$2.23 CA$3.18

191.93%

Eggs

$3.60 $3.60

$3.45 CA$4.91

4.35%

Local Cheese (1kg)

$10.45 $10.45

$8.93 CA$12.73

17.02%

Chicken Fillets (1kg)

$13.40 $13.40

$11.44 CA$16.31

17.13%

Beef Round Steak (1kg)

$19.58 $19.58

$14.61 CA$20.83

34.02%

Apples (1kg)

$5.94 $5.94

$3.75 CA$5.34

58.40%

Banana (1kg)

$1.87 $1.87

$1.15 CA$1.64

62.61%

Oranges (1kg)

$6.63 $6.63

$3.55 CA$5.06

86.76%

Tomato (1kg)

$5.33 $5.33

$4.28 CA$6.10

24.53%

Potato (1kg)

$4.44 $4.44

$1.85 CA$2.63

140.00%

Onion (1kg)

$4.14 $4.14

$1.67 CA$2.38

147.90%

Lettuce (1 head)

$2.34 $2.34

$2.22 CA$3.16

5.41%

Water (1.5 liter bottle)

$2.55 $2.55

$1.21 CA$1.72

110.74%

Cigarettes 20 Pack (Marlboro, Camel)

$12.89 $12.89

$13.88 CA$19.78

-7.13%

Wine (Bottle)

$16.10 $16.10

$14.25 CA$20.31

12.98%

Local Beer (0.5 liter bottle)

$2.90 $2.90

$2.20 CA$3.13

31.82%

Imported Beer (0.33 liter bottle)

$5.53 $5.53

$2.42 CA$3.45

128.51%

One-way Ticket (Public Transport)

$1.95 $1.95

$2.42 CA$3.44

-19.42%

Public Transport Monthly Pass (Regular Price)

$85.3 $85.3

$111 CA$158

-22.96%

Taxi Start (Normal Tariff)

$4.92 $4.92

$2.90 CA$4.13

69.66%

Taxi (Normal Tariff) (1km)

$1.75 $1.75

$1.26 CA$1.80

38.89%

Taxi 1hour Waiting (Normal Tariff)

$24.01 $24.01

$22.03 CA$31.40

8.99%

Gasoline (1 liter)

$1.04 $1.04

$1.22 CA$1.74

-14.75%

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

$36.6K $36.6K

$27.6K CA$39.4K

32.59%

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

$25.8K $25.8K

$19.8K CA$28.3K

30.39%

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

$182 $182

$122 CA$174

49.00%

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

$54.9 $54.9

$32.03 CA$45.66

71.34%

Internet (50+ Mbps, Unlimited Data)

$71.0 $71.0

$47.92 CA$68.3

48.12%

Gym Membership (Monthly)

$65.7 $65.7

$38.90 CA$55.5

68.87%

Tennis Court (1 Hour on Weekend)

$27.32 $27.32

$23.24 CA$33.12

17.56%

Cinema Ticket

$15.92 $15.92

$12.61 CA$17.97

26.25%

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

$1,345 $1,345

$834 CA$1,189

61.27%

International Primary School, 1 Child (Yearly)

$35.6K $35.6K

$23.3K CA$33.3K

52.57%

Jeans (Levis 501 Or Similar)

$57.6 $57.6

$52.6 CA$75.0

9.51%

Summer Dress (H&M, Zara, etc)

$43.87 $43.87

$40.26 CA$57.4

8.97%

Sport Shoes (Adidas, Nike)

$98.4 $98.4

$96.2 CA$137

2.26%

Men's Leather Business Shoes

$106 $106

$123 CA$175

-13.57%

1-bedroom Apartment, City Center (Monthly)

$1,808 $1,808

$1,598 CA$2,278

13.14%

1-bedroom Apartment, Outside City Center (Monthly)

$1,261 $1,261

$1,435 CA$2,045

-12.09%

3-bedroom Apartment, City Center (Monthly)

$2,865 $2,865

$2,657 CA$3,787

7.83%

3-bedroom Apartment, Outside City Center (Monthly)

$2,155 $2,155

$2,096 CA$2,988

2.82%

Buy Apartment in City Center (m2)

$3,337 $3,337

$8,033 CA$11.5K

-58.46%

Buy Apartment Outside City Center (m2)

$2,163 $2,163

$6,557 CA$9,347

-67.02%

Average Monthly Net Salary (After Tax)

$4,249 $4,249

$3,743 CA$5,335

13.51%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.66

4.47

48.99%

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

Last update for Minneapolis, MN: October 5, 2026

Last update for Toronto: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Minneapolis, MN

$1.3K 46.2%

Toronto

$1.4K 55.4% 13.8% $174

Groceries & Markets

Minneapolis, MN

$456 16.7%

Toronto

$340 13.1% 25.4% $116

Eating Out

Minneapolis, MN

$365 13.4%

Toronto

$282 10.9% 22.9% $84

Monthly Utilities & Internet

Minneapolis, MN

$307 11.3%

Toronto

$202 7.8% 34.4% $106

Clothing & Footwear

Minneapolis, MN

$138 5%

Toronto

$140 5.4% 1.9% $2.7

Getting Around

Minneapolis, MN

$107 3.9%

Toronto

$130 5% 21.4% $23

Sport & Entertainment

Minneapolis, MN

$98 3.6%

Toronto

$64 2.5% 34.3% $33

Cost Breakdown

A one-bedroom apartment in the center runs $1,808 in Minneapolis, MN and $1,598 in Toronto. Housing cost is often the main lever when comparing two cities.

Minneapolis, MN pays 14% 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: $81.0 in Minneapolis, MN vs $77.0 in Toronto for a mid-range dinner for two. Groceries echo the gap at $456 vs $340 per month, with Toronto cheaper across the board.

Good to know

🇺🇸 Minneapolis, MN

🇨🇦 Toronto

🕒 Local time

22:29 10:29 PM

23:29 11:29 PM

1 h ahead of Minneapolis, MN

🌤 Weather

👥 Population

429,954

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 →

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Between locations

Minneapolis, MN Toronto 1,110 km ≈ 2 h nonstop flight

From you

Minneapolis, MN
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

Minneapolis, MN vs Toronto: Cost of Living - Frequently Asked Questions

Toronto wins on cost – living expenses run 8% lower than in Minneapolis, MN. Housing and daily spending are where you'll feel the difference most, making Toronto the obvious pick if budget is a priority.

Average pay runs 14% higher in Minneapolis, MN, 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: $1,808 in Minneapolis, MN versus $1,598 in Toronto. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $1,345 in Minneapolis, MN versus $834 in Toronto. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 34% higher in Minneapolis, MN. 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 work as nomad bases, but Toronto delivers better value – similar infrastructure at $2,530 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Toronto hard to pass up.

Expats usually find Toronto gentler on the wallet – expenses run 8% less than in Minneapolis, MN. Beyond cost, consider language, visa policies, and how big the international community is in each city.