Last update: Oct 2026

Cost of Living Comparison Between Thunder Bay and Toronto

For one person, living is cheaper in Thunder Bay: $2,169 a month against $2,610 in Toronto, rent and utilities included – about $5,300 less a year. Higher rent and utilities in Toronto outweigh lower spending on other living expenses.

106

Cost of Living Index in Thunder Bay
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Thunder Bay Living Index
126

Cost of Living Index in Toronto
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Toronto Living Index

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Thunder Bay

🇨🇦 Canada

$2,169

/mo nomad

Toronto

🇨🇦 Canada

$2,610

/mo nomad

Monthly Cost of Living

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

Monthly costs for one person with rent: $2,169 in Thunder Bay versus $2,610 in Toronto.

Thunder Bay $2,169
Toronto $2,610

Estimated couple costs with rent: $3,338 in Thunder Bay versus $3,727 in Toronto.

Thunder Bay $3,338
Toronto $3,727

Monthly costs for a family of three with rent: $4,508 in Thunder Bay versus $4,844 in Toronto.

Thunder Bay $4,508
Toronto $4,844

Living in Thunder Bay costs roughly 17% less than in Toronto, and outside of rent the biggest gap is in utilities.

Both cities are pricier than the global median: Thunder Bay 60% above, Toronto 93% above.

Meal at Budget Restaurant

$17.63 CA$24.93

$17.59 CA$24.87

0.23%

Three-Course Dinner for Two, Mid-Range

$60.2 CA$85.1

$78.8 CA$111

-23.61%

Fast Food Meal (McDonalds, etc)

$12.62 CA$17.84

$10.73 CA$15.16

17.61%

Cappuccino

$3.40 CA$4.81

$4.09 CA$5.78

-16.87%

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

$1.86 CA$2.63

$2.10 CA$2.97

-11.43%

Water (0.33 liter bottle)

$1.59 CA$2.25

$1.72 CA$2.43

-7.56%

Local Beer (0.5 liter draught)

$5.43 CA$7.68

$6.36 CA$8.99

-14.62%

Imported Beer (0.33 liter bottle)

$5.03 CA$7.12

$7.08 CA$10.01

-28.95%

Milk (1 liter)

$2.27 CA$3.20

$2.54 CA$3.59

-10.63%

White Bread (500g)

$2.55 CA$3.60

$2.72 CA$3.85

-6.25%

Rice (white) (1kg)

$3.29 CA$4.65

$2.18 CA$3.09

50.92%

Eggs

$3.59 CA$5.08

$3.63 CA$5.13

-1.10%

Local Cheese (1kg)

$16.69 CA$23.59

$9.46 CA$13.37

76.43%

Chicken Fillets (1kg)

$15.91 CA$22.50

$11.54 CA$16.32

37.87%

Beef Round Steak (1kg)

$16.25 CA$22.98

$14.37 CA$20.32

13.08%

Apples (1kg)

$3.33 CA$4.71

$3.70 CA$5.23

-10.00%

Banana (1kg)

$1.21 CA$1.71

$1.19 CA$1.68

1.68%

Oranges (1kg)

$3.92 CA$5.54

$3.46 CA$4.90

13.29%

Tomato (1kg)

$3.48 CA$4.92

$4.22 CA$5.97

-17.54%

Potato (1kg)

$2.50 CA$3.53

$1.79 CA$2.52

39.66%

Onion (1kg)

$2.16 CA$3.05

$1.65 CA$2.33

30.91%

Lettuce (1 head)

$2.91 CA$4.12

$2.20 CA$3.11

32.27%

Water (1.5 liter bottle)

$2.38 CA$3.36

$1.26 CA$1.78

88.89%

Cigarettes 20 Pack (Marlboro, Camel)

$10.69 CA$15.11

$13.97 CA$19.75

-23.48%

Wine (Bottle)

$8.67 CA$12.26

$14.20 CA$20.07

-38.94%

Local Beer (0.5 liter bottle)

$1.96 CA$2.77

$2.25 CA$3.18

-12.89%

Imported Beer (0.33 liter bottle)

$2.92 CA$4.14

$2.53 CA$3.58

15.42%

One-way Ticket (Public Transport)

$2.28 CA$3.22

$2.32 CA$3.28

-1.72%

Public Transport Monthly Pass (Regular Price)

$64.3 CA$90.9

$112 CA$158

-42.40%

Taxi Start (Normal Tariff)

$5.26 CA$7.44

$3.06 CA$4.33

71.90%

Taxi (Normal Tariff) (1km)

$2.08 CA$2.94

$1.22 CA$1.72

70.49%

Taxi 1hour Waiting (Normal Tariff)

$35.48 CA$50.2

$21.69 CA$30.66

63.58%

Gasoline (1 liter)

$1.16 CA$1.63

$1.21 CA$1.72

-4.13%

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

$28.0K CA$39.6K

$26.1K CA$37.0K

7.05%

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

$21.0K CA$29.7K

$21.1K CA$29.9K

-0.65%

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

$159 CA$225

$120 CA$169

33.20%

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

$57.9 CA$81.8

$32.21 CA$45.54

79.60%

Internet (50+ Mbps, Unlimited Data)

$79.3 CA$112

$48.88 CA$69.1

62.27%

Gym Membership (Monthly)

$29.52 CA$41.73

$39.34 CA$55.6

-24.96%

Tennis Court (1 Hour on Weekend)

$18.06 CA$25.54

$23.58 CA$33.34

-23.41%

Cinema Ticket

$17.88 CA$25.27

$12.58 CA$17.79

42.13%

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

$670 CA$947

$832 CA$1,176

-19.43%

International Primary School, 1 Child (Yearly)

$23.6K CA$33.4K

Jeans (Levis 501 Or Similar)

$76.7 CA$108

$52.3 CA$73.9

46.73%

Summer Dress (H&M, Zara, etc)

$35.15 CA$49.69

$39.44 CA$55.8

-10.88%

Sport Shoes (Adidas, Nike)

$76.6 CA$108

$99.0 CA$140

-22.63%

Men's Leather Business Shoes

$130 CA$184

$122 CA$172

6.77%

1-bedroom Apartment, City Center (Monthly)

$1,053 CA$1,488

$1,631 CA$2,306

-35.48%

1-bedroom Apartment, Outside City Center (Monthly)

$908 CA$1,283

$1,448 CA$2,048

-37.33%

3-bedroom Apartment, City Center (Monthly)

$1,898 CA$2,683

$2,737 CA$3,869

-30.66%

3-bedroom Apartment, Outside City Center (Monthly)

$1,741 CA$2,461

$2,129 CA$3,010

-18.24%

Buy Apartment in City Center (m2)

$8,206 CA$11.6K

Buy Apartment Outside City Center (m2)

$6,838 CA$9,666

Average Monthly Net Salary (After Tax)

$3,027 CA$4,279

$3,520 CA$4,976

-14.02%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.58

4.47

2.46%

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

Last update for Thunder Bay: October 17, 2026

Last update for Toronto: October 18, 2026

Monthly budget structure

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

Accommodation & Living

Thunder Bay

$908 41.9%

Toronto

$1.4K 55.5% 59.6% $541

Groceries & Markets

Thunder Bay

$396 18.3%

Toronto

$343 13.1% 13.4% $53

Monthly Utilities & Internet

Thunder Bay

$296 13.7%

Toronto

$201 7.7% 32.3% $96

Eating Out

Thunder Bay

$271 12.5%

Toronto

$283 10.9% 4.6% $12

Clothing & Footwear

Thunder Bay

$143 6.6%

Toronto

$141 5.4% 1.9% $2.7

Getting Around

Thunder Bay

$89 4.1%

Toronto

$130 5% 46% $41

Sport & Entertainment

Thunder Bay

$65 3%

Toronto

$65 2.5% 1.2% $0.8

Cost Breakdown

A one-bedroom apartment in the center runs $1,053 in Thunder Bay and $1,631 in Toronto. Housing cost is often the main lever when comparing two cities.

Toronto pays 16% 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: $60.0 in Thunder Bay vs $79.0 in Toronto. Groceries flip the comparison at $396 vs $343, with Toronto cheaper for home cooking.

Good to know

🇨🇦 Thunder Bay

🇨🇦 Toronto

🕒 Local time

09:27 9:27 AM

Same time as Thunder Bay

🌤 Weather

👥 Population

107,909

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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Between locations

Thunder Bay Toronto 930 km ≈ 1 h 45 min nonstop flight

From you

Thunder Bay
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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

Thunder Bay vs Toronto: Cost of Living - Frequently Asked Questions

Thunder Bay is cheaper overall, especially in eating out and transport. The 20% gap adds up to real monthly savings that compound significantly over time.

On paper, salaries run 16% 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: $1,053 in Thunder Bay versus $1,631 in Toronto. Housing is usually the single largest factor when comparing overall living costs between the two.

Dining out is cheaper in Thunder Bay – a meal for two runs $60.0 versus $79.0 in Toronto. If you eat out regularly, this makes a real dent in your monthly spending.

All in, you'll spend $2,169 per month in Thunder Bay versus $2,610 in Toronto – a 20% gap that adds up to real savings over time for anyone picking the cheaper option.

At $2,169 in Thunder Bay versus $2,610 in Toronto, a $2,500 budget is realistic in Thunder Bay but tight or insufficient in Toronto. The gap between the two cities makes Thunder Bay 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.

Expats usually find Thunder Bay gentler on the wallet – expenses run 20% less than in Toronto. Beyond cost, consider language, visa policies, and how big the international community is in each city.