Cost of Living Comparison Between Newmarket, ON and Toronto Cost of Living Comparison Between Newmarket, ON and Toronto

Monthly Cost of Living

A single person spends $2,625 per month in Newmarket, ON vs $2,811 in Toronto, rent included.

A couple spends around $3,730 per month in Newmarket, ON vs $4,130 in Toronto, rent included.

A family of three spends $4,836 per month in Newmarket, ON vs $5,449 in Toronto, rent included.

Newmarket, ON is about 7% cheaper than Toronto, driven mainly by Groceries & Markets.

Both Newmarket, ON and Toronto sit above the global median – Newmarket, ON by 96%, Toronto by 110%.

Meal at Budget Restaurant

$18.09 CA$25.14

$18.71 CA$25.99

-3.31%

Three-Course Dinner for Two, Mid-Range

$49.95 CA$69.4

$81.9 CA$114

-38.98%

Fast Food Meal (McDonalds, etc)

$10.24 CA$14.23

$10.83 CA$15.04

-5.45%

Cappuccino

$2.98 CA$4.15

$3.89 CA$5.40

-23.39%

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

$1.95 CA$2.70

$2.22 CA$3.09

-12.16%

Water (0.33 liter bottle)

$1.56 CA$2.16

$1.65 CA$2.29

-5.45%

Local Beer (0.5 liter draught)

$4.72 CA$6.55

$6.05 CA$8.41

-21.98%

Imported Beer (0.33 liter bottle)

$5.85 CA$8.12

$6.58 CA$9.15

-11.09%

Milk (1 liter)

$2.02 CA$2.80

$2.73 CA$3.79

-26.01%

White Bread (500g)

$2.65 CA$3.68

$2.72 CA$3.77

-2.57%

Rice (white) (1kg)

$3.74 CA$5.20

$3.54 CA$4.91

5.65%

Eggs

$3.43 CA$4.76

$3.50 CA$4.86

-2.00%

Local Cheese (1kg)

$10.11 CA$14.04

$13.53 CA$18.80

-25.28%

Chicken Fillets (1kg)

$11.22 CA$15.59

$13.09 CA$18.19

-14.29%

Beef Round Steak (1kg)

$9.22 CA$12.82

$16.96 CA$23.57

-45.64%

Apples (1kg)

$3.57 CA$4.96

$4.16 CA$5.78

-14.18%

Banana (1kg)

$1.17 CA$1.63

$1.18 CA$1.64

-0.85%

Oranges (1kg)

$3.82 CA$5.30

$3.25 CA$4.51

17.54%

Tomato (1kg)

$4.01 CA$5.57

$4.12 CA$5.72

-2.67%

Potato (1kg)

$4.73 CA$6.58

$2.50 CA$3.48

89.20%

Onion (1kg)

$3.36 CA$4.66

$2.88 CA$4.00

16.67%

Lettuce (1 head)

$2.76 CA$3.84

$2.35 CA$3.26

17.45%

Water (1.5 liter bottle)

$0.50 CA$0.70

$2.00 CA$2.78

-75.00%

Cigarettes 20 Pack (Marlboro, Camel)

$13.79 CA$19.15

$14.58 CA$20.26

-5.42%

Wine (Bottle)

$10.66 CA$14.81

$14.18 CA$19.70

-24.82%

Local Beer (0.5 liter bottle)

$3.18 CA$4.41

$2.80 CA$3.89

13.57%

Imported Beer (0.33 liter bottle)

$2.88 CA$3.99

$3.25 CA$4.52

-11.38%

One-way Ticket (Public Transport)

$3.44 CA$4.78

$2.40 CA$3.33

43.33%

Public Transport Monthly Pass (Regular Price)

$119 CA$166

$114 CA$158

4.64%

Taxi Start (Normal Tariff)

$3.59 CA$4.99

$3.76 CA$5.22

-4.52%

Taxi (Normal Tariff) (1km)

$2.81 CA$3.91

$1.41 CA$1.96

99.29%

Taxi 1hour Waiting (Normal Tariff)

$22.07 CA$30.66

$25.53 CA$35.47

-13.55%

Gasoline (1 liter)

$1.10 CA$1.52

$1.10 CA$1.53

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

$18.1K CA$25.1K

$25.2K CA$35.1K

-28.41%

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

$20.3K CA$28.2K

$21.1K CA$29.3K

-3.70%

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

$100 CA$140

$120 CA$166

-16.02%

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

$49.40 CA$68.6

$37.54 CA$52.2

31.59%

Internet (50+ Mbps, Unlimited Data)

$70.6 CA$98.1

$54.5 CA$75.7

29.46%

Gym Membership (Monthly)

$41.17 CA$57.2

$55.5 CA$77.1

-25.83%

Tennis Court (1 Hour on Weekend)

$22.01 CA$30.58

$21.15 CA$29.39

4.07%

Cinema Ticket

$10.89 CA$15.13

$11.56 CA$16.06

-5.80%

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

$1,302 CA$1,809

$1,129 CA$1,569

15.30%

International Primary School, 1 Child (Yearly)

$11.8K CA$16.4K

$18.0K CA$25.0K

-34.16%

Jeans (Levis 501 Or Similar)

$60.4 CA$83.9

$56.9 CA$79.1

6.11%

Summer Dress (H&M, Zara, etc)

$35.30 CA$49.05

$39.96 CA$55.5

-11.66%

Sport Shoes (Adidas, Nike)

$93.9 CA$131

$89.7 CA$125

4.79%

Men's Leather Business Shoes

$84.6 CA$118

$114 CA$159

-25.94%

1-bedroom Apartment, City Center (Monthly)

$1,635 CA$2,272

$1,849 CA$2,570

-11.59%

1-bedroom Apartment, Outside City Center (Monthly)

$1,488 CA$2,067

$1,560 CA$2,167

-4.60%

3-bedroom Apartment, City Center (Monthly)

$2,407 CA$3,344

$2,925 CA$4,065

-17.72%

3-bedroom Apartment, Outside City Center (Monthly)

$2,265 CA$3,146

$2,470 CA$3,432

-8.32%

Buy Apartment in City Center (m2)

$4,472 CA$6,214

$9,085 CA$12.6K

-50.77%

Buy Apartment Outside City Center (m2)

$4,479 CA$6,223

$7,036 CA$9,775

-36.34%

Average Monthly Net Salary (After Tax)

$3,051 CA$4,239

$3,572 CA$4,963

-14.59%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.2

5.16

20.16%

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

Last update for Newmarket, ON: May 31, 2026

Last update for Toronto: May 31, 2026

Cost Breakdown

A central one-bedroom costs $1,635 in Newmarket, ON versus $1,849 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 17% 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 $50.0 in Newmarket, ON versus $82.0 in Toronto. Monthly groceries follow the same trend: $331 vs $396 – making Newmarket, ON the more affordable choice for daily food spending.

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

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

Toronto costs about 7% more than Newmarket, ON, with the gap driven mainly by Groceries & Markets. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $3,938 per month in Newmarket, ON and $4,216 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 $2,625 in Newmarket, ON and $2,811 in Toronto. The difference isn't just one category – it shows up across housing, food, transport, and services.

Public transport costs about 5% 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 $2,625 in Newmarket, ON and $2,811 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.