Last update: Oct 2026

Cost of Living Comparison Between Newmarket, ON and Toronto

For one person, living costs are similar in Newmarket, ON and in Toronto: $2,489 and $2,561 a month, rent and utilities included.

121

Cost of Living Index in Newmarket, ON
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Newmarket, ON Living Index
125

Cost of Living Index in Toronto
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Toronto Living Index

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Newmarket, ON

🇨🇦 Canada

$2,489

/mo nomad

Toronto

🇨🇦 Canada

$2,561

/mo nomad

Monthly Cost of Living

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

A single person spends $2,489 per month in Newmarket, ON vs $2,561 in Toronto, rent included.

Newmarket, ON $2,489
Toronto $2,561

A couple spends around $3,526 per month in Newmarket, ON vs $3,694 in Toronto, rent included.

Newmarket, ON $3,526
Toronto $3,694

A family of three spends $4,564 per month in Newmarket, ON vs $4,826 in Toronto, rent included.

Newmarket, ON $4,564
Toronto $4,826

Newmarket, ON is about 3% cheaper than Toronto, and outside of rent the biggest gap is in eating out.

Both Newmarket, ON and Toronto sit above the global median – Newmarket, ON by 84%, Toronto by 90%.

Meal at Budget Restaurant

$14.25 CA$20.14

$17.18 CA$24.29

-17.05%

Three-Course Dinner for Two, Mid-Range

$61.2 CA$86.5

$76.0 CA$107

-19.49%

Fast Food Meal (McDonalds, etc)

$8.54 CA$12.07

$10.54 CA$14.89

-18.98%

Cappuccino

$3.48 CA$4.92

$4.02 CA$5.68

-13.43%

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

$1.76 CA$2.48

$2.12 CA$3.00

-16.98%

Water (0.33 liter bottle)

$1.34 CA$1.90

$1.75 CA$2.48

-23.43%

Local Beer (0.5 liter draught)

$4.84 CA$6.84

$6.24 CA$8.83

-22.44%

Imported Beer (0.33 liter bottle)

$5.80 CA$8.20

$7.09 CA$10.02

-18.19%

Milk (1 liter)

$1.99 CA$2.82

$2.44 CA$3.45

-18.44%

White Bread (500g)

$2.74 CA$3.87

$2.68 CA$3.78

2.24%

Rice (white) (1kg)

$4.16 CA$5.88

$2.24 CA$3.17

85.71%

Eggs

$2.78 CA$3.92

$3.56 CA$5.03

-21.91%

Local Cheese (1kg)

$9.20 CA$13.01

$9.09 CA$12.85

1.21%

Chicken Fillets (1kg)

$11.14 CA$15.75

$11.33 CA$16.01

-1.68%

Beef Round Steak (1kg)

$9.05 CA$12.80

$14.53 CA$20.55

-37.72%

Apples (1kg)

$4.22 CA$5.96

$3.62 CA$5.12

16.57%

Banana (1kg)

$1.17 CA$1.65

$1.21 CA$1.72

-3.31%

Oranges (1kg)

$2.78 CA$3.93

$3.60 CA$5.09

-22.78%

Tomato (1kg)

$3.59 CA$5.08

$4.21 CA$5.96

-14.73%

Potato (1kg)

$3.41 CA$4.82

$1.79 CA$2.53

90.50%

Onion (1kg)

$2.61 CA$3.69

$1.59 CA$2.25

64.15%

Lettuce (1 head)

$2.26 CA$3.19

$2.27 CA$3.21

-0.44%

Water (1.5 liter bottle)

$0.44 CA$0.62

$1.25 CA$1.77

-64.80%

Cigarettes 20 Pack (Marlboro, Camel)

$14.07 CA$19.89

$13.82 CA$19.53

1.81%

Wine (Bottle)

$10.45 CA$14.77

$14.27 CA$20.18

-26.77%

Local Beer (0.5 liter bottle)

$3.34 CA$4.72

$2.20 CA$3.10

51.82%

Imported Beer (0.33 liter bottle)

$3.57 CA$5.05

$2.43 CA$3.44

46.91%

One-way Ticket (Public Transport)

$3.30 CA$4.66

$2.39 CA$3.38

38.08%

Public Transport Monthly Pass (Regular Price)

$117 CA$166

$111 CA$157

5.90%

Taxi Start (Normal Tariff)

$3.46 CA$4.88

$2.91 CA$4.12

18.90%

Taxi (Normal Tariff) (1km)

$0.68 CA$0.96

$1.20 CA$1.69

-43.33%

Taxi 1hour Waiting (Normal Tariff)

$17.81 CA$25.17

$21.38 CA$30.23

-16.70%

Gasoline (1 liter)

$1.05 CA$1.48

$1.21 CA$1.71

-13.22%

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

$22.7K CA$32.1K

$28.2K CA$39.8K

-19.37%

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

$18.8K CA$26.6K

$20.3K CA$28.6K

-7.24%

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

$96.1 CA$136

$120 CA$170

-20.16%

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

$36.90 CA$52.2

$32.26 CA$45.60

14.38%

Internet (50+ Mbps, Unlimited Data)

$52.1 CA$73.7

$47.93 CA$67.8

8.76%

Gym Membership (Monthly)

$40.06 CA$56.6

$38.48 CA$54.4

4.11%

Tennis Court (1 Hour on Weekend)

$21.42 CA$30.28

$22.96 CA$32.46

-6.71%

Cinema Ticket

$10.43 CA$14.74

$12.38 CA$17.50

-15.75%

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

$1,177 CA$1,664

$830 CA$1,173

41.81%

International Primary School, 1 Child (Yearly)

$23.1K CA$32.6K

Jeans (Levis 501 Or Similar)

$55.3 CA$78.2

$50.7 CA$71.7

9.11%

Summer Dress (H&M, Zara, etc)

$33.22 CA$46.97

$40.02 CA$56.6

-16.99%

Sport Shoes (Adidas, Nike)

$88.9 CA$126

$98.0 CA$139

-9.25%

Men's Leather Business Shoes

$81.6 CA$115

$121 CA$171

-32.37%

1-bedroom Apartment, City Center (Monthly)

$1,556 CA$2,199

$1,592 CA$2,251

-2.30%

1-bedroom Apartment, Outside City Center (Monthly)

$1,442 CA$2,038

$1,410 CA$1,994

2.23%

3-bedroom Apartment, City Center (Monthly)

$2,328 CA$3,292

$2,670 CA$3,775

-12.80%

3-bedroom Apartment, Outside City Center (Monthly)

$2,169 CA$3,066

$2,152 CA$3,042

0.79%

Buy Apartment in City Center (m2)

$4,222 CA$5,969

$7,945 CA$11.2K

-46.86%

Buy Apartment Outside City Center (m2)

$4,233 CA$5,984

$6,542 CA$9,249

-35.30%

Average Monthly Net Salary (After Tax)

$2,913 CA$4,118

$3,727 CA$5,269

-21.83%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.53

4.47

1.34%

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

Last update for Newmarket, ON: October 12, 2026

Last update for Toronto: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Newmarket, ON

$1.4K 57.9%

Toronto

$1.4K 55.1% 2.2% $31

Groceries & Markets

Newmarket, ON

$317 12.8%

Toronto

$340 13.3% 7.1% $23

Eating Out

Newmarket, ON

$230 9.2%

Toronto

$278 10.9% 21.2% $49

Monthly Utilities & Internet

Newmarket, ON

$185 7.4%

Toronto

$201 7.8% 8.3% $15

Getting Around

Newmarket, ON

$138 5.5%

Toronto

$129 5.1% 5.9% $8.1

Clothing & Footwear

Newmarket, ON

$117 4.7%

Toronto

$139 5.4% 19.4% $23

Sport & Entertainment

Newmarket, ON

$61 2.5%

Toronto

$63 2.5% 3.8% $2.3

Cost Breakdown

A central one-bedroom costs $1,556 in Newmarket, ON versus $1,592 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 28% 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 $61.0 in Newmarket, ON versus $76.0 in Toronto. Monthly groceries follow the same trend: $317 vs $340 – making Newmarket, ON the more affordable choice for daily food spending.

Good to know

🇨🇦 Newmarket, ON

🇨🇦 Toronto

🕒 Local time

04:20 4:20 AM

Same time as Newmarket, ON

🌤 Weather

👥 Population

87,942

2,731,571

💱 Currency

Canadian Dollar CAD $

📈 Exchange rate

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

Exchange rates and currency converter

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City Median Internet Speeds Comparison (Updated April 2026)

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Digital Nomad Cost of Living Index

Newmarket, ON vs Toronto: Cost of Living - Frequently Asked Questions

Toronto costs about 3% more than Newmarket, ON, and outside of rent the gap comes mainly from eating out. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $3,733 per month in Newmarket, ON and $3,841 in Toronto. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Monthly expenses with rent come to $2,489 in Newmarket, ON and $2,561 in Toronto. That's a gap of about 3%.

Public transport costs about 6% less in Newmarket, ON. For daily commuters, that gap adds up to noticeable savings over a year.

$2,000 is a stretch for both – monthly costs hit $2,489 in Newmarket, ON and $2,561 in Toronto. You'll need shared housing and careful budgeting no matter which city you pick.

Families tend to lean toward Newmarket, ON – 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 Newmarket, ON. 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.