Last update: Oct 2026

Cost of Living Comparison Between Silver City, NM and Toronto

For one person, living costs are similar in Silver City, NM and in Toronto: $2,540 and $2,530 a month, rent and utilities included.

124

Cost of Living Index in Silver City, NM
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Silver City, NM Living Index
125

Cost of Living Index in Toronto
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Toronto Living Index

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Silver City, NM

🇺🇸 United States

$2,540

/mo nomad

Toronto

🇨🇦 Canada

$2,530

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $2,540 in Silver City, NM versus $2,530 in Toronto.

Silver City, NM $2,540
Toronto $2,530

Estimated couple costs with rent: $3,772 in Silver City, NM versus $3,646 in Toronto.

Silver City, NM $3,772
Toronto $3,646

Monthly costs for a family of three with rent: $5,003 in Silver City, NM versus $4,761 in Toronto.

Silver City, NM $5,003
Toronto $4,761

Monthly costs are close between Silver City, NM and Toronto; which city is cheaper depends on the spending category.

Both cities are pricier than the global median: Silver City, NM 90% above, Toronto 89% above.

Meal at Budget Restaurant

$19.71 $19.71

$17.67 CA$25.19

11.54%

Three-Course Dinner for Two, Mid-Range

$79.2 $79.2

$77.4 CA$110

2.36%

Fast Food Meal (McDonalds, etc)

$12.75 $12.75

$10.47 CA$14.93

21.78%

Cappuccino

$5.21 $5.21

$4.08 CA$5.82

27.70%

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

$2.77 $2.77

$2.12 CA$3.02

30.66%

Water (0.33 liter bottle)

$1.41 $1.41

$1.76 CA$2.51

-19.89%

Local Beer (0.5 liter draught)

$6.86 $6.86

$6.17 CA$8.80

11.18%

Imported Beer (0.33 liter bottle)

$6.85 $6.85

$6.89 CA$9.83

-0.58%

Milk (1 liter)

$0.86 $0.86

$2.43 CA$3.47

-64.61%

White Bread (500g)

$3.22 $3.22

$2.75 CA$3.92

17.09%

Rice (white) (1kg)

$2.47 $2.47

$2.23 CA$3.18

10.76%

Eggs

$4.63 $4.63

$3.45 CA$4.91

34.20%

Local Cheese (1kg)

$13.40 $13.40

$8.93 CA$12.74

50.06%

Chicken Fillets (1kg)

$11.08 $11.08

$11.44 CA$16.31

-3.15%

Beef Round Steak (1kg)

$16.92 $16.92

$14.61 CA$20.83

15.81%

Apples (1kg)

$4.46 $4.46

$3.75 CA$5.34

18.93%

Banana (1kg)

$1.66 $1.66

$1.15 CA$1.64

44.35%

Oranges (1kg)

$3.90 $3.90

$3.55 CA$5.06

9.86%

Tomato (1kg)

$4.31 $4.31

$4.28 CA$6.11

0.70%

Potato (1kg)

$2.50 $2.50

$1.85 CA$2.63

35.14%

Onion (1kg)

$2.44 $2.44

$1.67 CA$2.38

46.11%

Lettuce (1 head)

$2.16 $2.16

$2.22 CA$3.16

-2.70%

Water (1.5 liter bottle)

$1.52 $1.52

$1.21 CA$1.72

25.62%

Cigarettes 20 Pack (Marlboro, Camel)

$10.47 $10.47

$13.88 CA$19.79

-24.57%

Wine (Bottle)

$13.47 $13.47

$14.25 CA$20.32

-5.47%

Local Beer (0.5 liter bottle)

$2.46 $2.46

$2.20 CA$3.13

11.82%

Imported Beer (0.33 liter bottle)

$3.79 $3.79

$2.42 CA$3.45

56.61%

One-way Ticket (Public Transport)

$1.89 $1.89

$2.42 CA$3.45

-21.90%

Public Transport Monthly Pass (Regular Price)

$111 CA$158

Taxi Start (Normal Tariff)

$2.78 $2.78

$2.90 CA$4.13

-4.14%

Taxi (Normal Tariff) (1km)

$1.33 $1.33

$1.26 CA$1.80

5.56%

Taxi 1hour Waiting (Normal Tariff)

$35.30 $35.30

$22.03 CA$31.41

60.24%

Gasoline (1 liter)

$0.91 $0.91

$1.22 CA$1.74

-25.41%

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

$36.8K $36.8K

$27.6K CA$39.4K

33.18%

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

$22.0K $22.0K

$19.8K CA$28.3K

10.82%

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

$200 $200

$122 CA$174

64.32%

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

$61.0 $61.0

$32.03 CA$45.67

90.48%

Internet (50+ Mbps, Unlimited Data)

$73.2 $73.2

$47.92 CA$68.3

52.65%

Gym Membership (Monthly)

$38.96 $38.96

$38.90 CA$55.5

0.15%

Tennis Court (1 Hour on Weekend)

$23.24 CA$33.13

Cinema Ticket

$12.82 $12.82

$12.61 CA$17.98

1.67%

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

$1,097 $1,097

$834 CA$1,189

31.48%

International Primary School, 1 Child (Yearly)

$15.7K $15.7K

$23.3K CA$33.3K

-32.58%

Jeans (Levis 501 Or Similar)

$55.9 $55.9

$52.6 CA$75.0

6.25%

Summer Dress (H&M, Zara, etc)

$43.76 $43.76

$40.26 CA$57.4

8.69%

Sport Shoes (Adidas, Nike)

$96.8 $96.8

$96.2 CA$137

0.65%

Men's Leather Business Shoes

$116 $116

$123 CA$175

-5.30%

1-bedroom Apartment, City Center (Monthly)

$1,106 $1,106

$1,598 CA$2,279

-30.77%

1-bedroom Apartment, Outside City Center (Monthly)

$1,286 $1,286

$1,435 CA$2,046

-10.37%

3-bedroom Apartment, City Center (Monthly)

$1,971 $1,971

$2,657 CA$3,788

-25.83%

3-bedroom Apartment, Outside City Center (Monthly)

$2,158 $2,158

$2,096 CA$2,989

2.97%

Buy Apartment in City Center (m2)

$1,902 $1,902

$8,033 CA$11.5K

-76.32%

Buy Apartment Outside City Center (m2)

$1,927 $1,927

$6,557 CA$9,350

-70.62%

Average Monthly Net Salary (After Tax)

$2,990 $2,990

$3,743 CA$5,337

-20.12%

20-Year Fixed Mortgage Interest Rate (Annual %)

6.44

4.47

44.07%

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

Last update for Silver City, NM: October 3, 2026

Last update for Toronto: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Silver City, NM

$1.3K 50.7%

Toronto

$1.4K 55.4% 11.6% $149

Groceries & Markets

Silver City, NM

$371 14.6%

Toronto

$340 13.1% 8.3% $31

Monthly Utilities & Internet

Silver City, NM

$334 13.2%

Toronto

$202 7.8% 39.6% $133

Eating Out

Silver City, NM

$323 12.7%

Toronto

$282 10.9% 12.8% $41

Clothing & Footwear

Silver City, NM

$141 5.6%

Toronto

$140 5.4% 0.3% $0.4

Sport & Entertainment

Silver City, NM

$65 2.6%

Toronto

$64 2.5% 0.7% $0.5

Getting Around

Silver City, NM

$17 * 0.7%

Toronto

$130 5% 662% $113

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

Cost Breakdown

A one-bedroom apartment in the center runs $1,106 in Silver City, NM and $1,598 in Toronto. Housing cost is often the main lever when comparing two cities.

Toronto pays 25% more on average. How far that income stretches comes down to housing choices and lifestyle.

Dining out: $79.0 in Silver City, NM vs $77.0 in Toronto for a mid-range dinner for two. Groceries echo the gap at $371 vs $340 per month, with Toronto cheaper across the board.

Good to know

🇺🇸 Silver City, NM

🇨🇦 Toronto

🕒 Local time

00:51 12:51 AM

02:51 2:51 AM

2 h ahead of Silver City, NM

🌤 Weather

👥 Population

9,700

2,731,571

💱 Currency

United States Dollar USD $

Canadian Dollar CAD $

📈 Exchange rate

1 USD = 0.892 EUR

1 CAD = 0.701 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 12, 2026: 1 EUR = 1.12 USD (1 USD = 0.892 EUR).

Canadian Dollar exchange rates as of October 12, 2026: 1 USD = 1.43 CAD (1 CAD = 0.701 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

Silver City, NM Toronto 2,780 km ≈ 4 h nonstop flight

From you

Silver City, NM
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

Silver City, NM vs Toronto: Cost of Living - Frequently Asked Questions

On paper, salaries run 25% lower in Toronto. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $1,106 in Silver City, NM versus $1,598 in Toronto. Housing is usually the single largest factor when comparing overall living costs between the two.

Dining out is cheaper in Toronto – a meal for two runs $77.0 versus $79.0 in Silver City, NM. If you eat out regularly, this makes a real dent in your monthly spending.

Childcare runs $1,097 in Silver City, NM versus $834 in Toronto. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

At $2,530 in Toronto versus $2,540 in Silver City, NM, a $2,500 budget is realistic in Toronto but tight or insufficient in Silver City, NM. The gap between the two cities makes Toronto the clear choice for anyone on this budget.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

It comes down to priorities – Toronto wins on affordability, Silver City, NM on earning potential. Factor in climate, language, visa rules, and proximity to places that matter to you before deciding.