Last update: Oct 2026

Cost of Living Comparison Between Monument, CO and Toronto

For one person, living is cheaper in Toronto: $2,530 a month against $3,324 in Monument, CO, rent and utilities included – about $9,500 less a year. Rent and utilities account for most of the difference.

161

Cost of Living Index in Monument, CO
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Monument, CO Living Index
125

Cost of Living Index in Toronto
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Toronto Living Index

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Monument, CO

🇺🇸 United States

$3,324

/mo nomad

Toronto

🇨🇦 Canada

$2,530

/mo nomad

Monthly Cost of Living

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

A single person spends $3,324 per month in Monument, CO vs $2,530 in Toronto, rent included.

Monument, CO $3,324
Toronto $2,530

A couple spends around $4,622 per month in Monument, CO vs $3,646 in Toronto, rent included.

Monument, CO $4,622
Toronto $3,646

A family of three spends $5,919 per month in Monument, CO vs $4,761 in Toronto, rent included.

Monument, CO $5,919
Toronto $4,761

Monument, CO costs about 31% more than Toronto, and outside of rent the biggest gap is in transport.

Both Monument, CO and Toronto sit above the global median – Monument, CO by 148%, Toronto by 89%.

Meal at Budget Restaurant

$24.83 $24.83

$17.67 CA$25.19

40.52%

Three-Course Dinner for Two, Mid-Range

$70.5 $70.5

$77.4 CA$110

-8.84%

Fast Food Meal (McDonalds, etc)

$10.67 $10.67

$10.47 CA$14.93

1.91%

Cappuccino

$5.55 $5.55

$4.08 CA$5.81

36.03%

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

$2.68 $2.68

$2.12 CA$3.02

26.42%

Water (0.33 liter bottle)

$2.26 $2.26

$1.76 CA$2.51

28.41%

Local Beer (0.5 liter draught)

$5.87 $5.87

$6.17 CA$8.80

-4.86%

Imported Beer (0.33 liter bottle)

$7.04 $7.04

$6.89 CA$9.82

2.18%

Milk (1 liter)

$0.98 $0.98

$2.43 CA$3.46

-59.67%

White Bread (500g)

$3.14 $3.14

$2.75 CA$3.92

14.18%

Rice (white) (1kg)

$2.86 $2.86

$2.23 CA$3.18

28.25%

Eggs

$5.97 $5.97

$3.45 CA$4.91

73.04%

Local Cheese (1kg)

$14.03 $14.03

$8.93 CA$12.73

57.11%

Chicken Fillets (1kg)

$13.70 $13.70

$11.44 CA$16.31

19.76%

Beef Round Steak (1kg)

$19.44 $19.44

$14.61 CA$20.83

33.06%

Apples (1kg)

$5.62 $5.62

$3.75 CA$5.34

49.87%

Banana (1kg)

$1.41 $1.41

$1.15 CA$1.64

22.61%

Oranges (1kg)

$3.22 $3.22

$3.55 CA$5.06

-9.30%

Tomato (1kg)

$4.62 $4.62

$4.28 CA$6.10

7.94%

Potato (1kg)

$2.49 $2.49

$1.85 CA$2.63

34.59%

Onion (1kg)

$2.63 $2.63

$1.67 CA$2.38

57.49%

Lettuce (1 head)

$1.80 $1.80

$2.22 CA$3.16

-18.92%

Water (1.5 liter bottle)

$2.00 $2.00

$1.21 CA$1.72

65.29%

Cigarettes 20 Pack (Marlboro, Camel)

$9.86 $9.86

$13.88 CA$19.78

-28.96%

Wine (Bottle)

$15.93 $15.93

$14.25 CA$20.31

11.79%

Local Beer (0.5 liter bottle)

$2.30 $2.30

$2.20 CA$3.13

4.55%

Imported Beer (0.33 liter bottle)

$2.55 $2.55

$2.42 CA$3.45

5.37%

One-way Ticket (Public Transport)

$2.42 CA$3.44

Public Transport Monthly Pass (Regular Price)

$111 CA$158

Taxi Start (Normal Tariff)

$3.60 $3.60

$2.90 CA$4.13

24.14%

Taxi (Normal Tariff) (1km)

$1.16 $1.16

$1.26 CA$1.80

-7.94%

Taxi 1hour Waiting (Normal Tariff)

$25.42 $25.42

$22.03 CA$31.40

15.39%

Gasoline (1 liter)

$0.98 $0.98

$1.22 CA$1.74

-19.67%

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

$24.5K $24.5K

$27.6K CA$39.4K

-11.32%

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

$25.3K $25.3K

$19.8K CA$28.3K

27.47%

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

$199 $199

$122 CA$174

63.53%

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

$82.8 $82.8

$32.03 CA$45.66

158.41%

Internet (50+ Mbps, Unlimited Data)

$76.9 $76.9

$47.92 CA$68.3

60.37%

Gym Membership (Monthly)

$24.64 $24.64

$38.90 CA$55.5

-36.66%

Tennis Court (1 Hour on Weekend)

$23.24 CA$33.12

Cinema Ticket

$15.06 $15.06

$12.61 CA$17.97

19.43%

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

$1,466 $1,466

$834 CA$1,189

75.81%

International Primary School, 1 Child (Yearly)

$6,481 $6,481

$23.3K CA$33.3K

-72.23%

Jeans (Levis 501 Or Similar)

$59.5 $59.5

$52.6 CA$75.0

13.02%

Summer Dress (H&M, Zara, etc)

$34.51 $34.51

$40.26 CA$57.4

-14.28%

Sport Shoes (Adidas, Nike)

$81.1 $81.1

$96.2 CA$137

-15.75%

Men's Leather Business Shoes

$100 $100

$123 CA$175

-18.36%

1-bedroom Apartment, City Center (Monthly)

$1,982 $1,982

$1,598 CA$2,278

24.00%

1-bedroom Apartment, Outside City Center (Monthly)

$1,973 $1,973

$1,435 CA$2,045

37.53%

3-bedroom Apartment, City Center (Monthly)

$2,994 $2,994

$2,657 CA$3,787

12.69%

3-bedroom Apartment, Outside City Center (Monthly)

$2,962 $2,962

$2,096 CA$2,988

41.33%

Buy Apartment in City Center (m2)

$8,033 CA$11.5K

Buy Apartment Outside City Center (m2)

$6,557 CA$9,347

Average Monthly Net Salary (After Tax)

$3,743 CA$5,335

20-Year Fixed Mortgage Interest Rate (Annual %)

6.61

4.47

47.87%

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

Last update for Monument, CO: 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

Monument, CO

$2K 60%

Toronto

$1.4K 55.4% 27.3% $538

Groceries & Markets

Monument, CO

$410 12.5%

Toronto

$340 13.1% 17.1% $70

Eating Out

Monument, CO

$360 11%

Toronto

$282 10.9% 21.8% $79

Monthly Utilities & Internet

Monument, CO

$359 10.9%

Toronto

$202 7.8% 43.8% $157

Clothing & Footwear

Monument, CO

$124 3.8%

Toronto

$140 5.4% 13.3% $16

Sport & Entertainment

Monument, CO

$55 1.7%

Toronto

$64 2.5% 17.1% $9.4

Getting Around

Monument, CO

$9.4 * 0.3%

Toronto

$130 5% 1277% $120

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $1,982 in Monument, CO 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.

A mid-range dinner for two costs $71.0 in Monument, CO versus $77.0 in Toronto. Groceries tell a different story – $410 in Monument, CO vs $340 in Toronto – so Toronto wins on supermarket bills even if dining out costs more.

Good to know

🇺🇸 Monument, CO

🇨🇦 Toronto

🕒 Local time

06:45 6:45 AM

08:45 8:45 AM

2 h ahead of Monument, CO

🌤 Weather

👥 Population

10,000

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 11, 2026: 1 EUR = 1.12 USD (1 USD = 0.892 EUR).

Canadian Dollar exchange rates as of October 11, 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

Monument, CO Toronto 2,180 km ≈ 3 h 15 min nonstop flight

From you

Monument, CO
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

Monument, CO vs Toronto: Cost of Living - Frequently Asked Questions

Yes – Monument, CO is pricier by about 31%, and outside of rent the gap shows up most in transport.

For a comfortable life, plan on about $4,986 per month in Monument, CO 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 Toronto, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

A mid-range dinner for two costs $71.0 in Monument, CO and $77.0 in Toronto. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 21% more in Monument, CO, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

$2,500 is a stretch for both – monthly costs hit $3,324 in Monument, CO and $2,530 in Toronto. You'll need shared housing and careful budgeting no matter which city you pick.

Families tend to lean toward Toronto – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Toronto. If higher salaries, better infrastructure, or specific career opportunities are the priority, Monument, CO makes more sense. Both are solid long-term options with distinct trade-offs.