Last update: Oct 2026

Cost of Living Comparison Between Toronto and Austin, MN

For one person, living costs are similar in Toronto and in Austin, MN: $2,561 and $2,462 a month, rent and utilities included.

125

Cost of Living Index in Toronto
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Toronto Living Index
121

Cost of Living Index in Austin, MN
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Austin, MN Living Index

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Toronto

🇨🇦 Canada

$2,561

/mo nomad

Austin, MN

🇺🇸 United States

$2,462

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Austin, MN

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Toronto and in Austin, MN actually costs, broken down by who's living it.

A single person spends $2,561 per month in Toronto vs $2,462 in Austin, MN, rent included.

Toronto $2,561
Austin, MN $2,462

A couple spends around $3,694 per month in Toronto vs $3,691 in Austin, MN, rent included.

Toronto $3,694
Austin, MN $3,691

A family of three spends $4,826 per month in Toronto vs $4,921 in Austin, MN, rent included.

Toronto $4,826
Austin, MN $4,921

Toronto costs about 4% more than Austin, MN, and outside of rent the biggest gap is in transport.

Both Toronto and Austin, MN sit above the global median – Toronto by 90%, Austin, MN by 82%.

Meal at Budget Restaurant

$17.18 CA$24.29

$20.05 $20.05

-14.31%

Three-Course Dinner for Two, Mid-Range

$76.0 CA$107

$99.6 $99.6

-23.76%

Fast Food Meal (McDonalds, etc)

$10.54 CA$14.89

$12.22 $12.22

-13.75%

Cappuccino

$4.02 CA$5.68

$5.04 $5.04

-20.24%

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

$2.12 CA$3.00

$2.95 $2.95

-28.14%

Water (0.33 liter bottle)

$1.75 CA$2.48

$1.99 $1.99

-12.06%

Local Beer (0.5 liter draught)

$6.24 CA$8.83

$5.11 $5.11

22.11%

Imported Beer (0.33 liter bottle)

$7.09 CA$10.02

$5.80 $5.80

22.24%

Milk (1 liter)

$2.44 CA$3.45

$0.83 $0.83

193.98%

White Bread (500g)

$2.68 CA$3.78

$2.88 $2.88

-6.94%

Rice (white) (1kg)

$2.24 CA$3.17

$1.91 $1.91

17.28%

Eggs

$3.56 CA$5.03

$2.66 $2.66

33.83%

Local Cheese (1kg)

$9.09 CA$12.85

$9.65 $9.65

-5.80%

Chicken Fillets (1kg)

$11.33 CA$16.01

$6.48 $6.48

74.85%

Beef Round Steak (1kg)

$14.53 CA$20.55

$19.15 $19.15

-24.13%

Apples (1kg)

$3.62 CA$5.12

$5.19 $5.19

-30.25%

Banana (1kg)

$1.21 CA$1.72

$1.24 $1.24

-2.42%

Oranges (1kg)

$3.60 CA$5.09

$3.59 $3.59

0.28%

Tomato (1kg)

$4.21 CA$5.96

$1.74 $1.74

141.95%

Potato (1kg)

$1.79 CA$2.53

$2.55 $2.55

-29.80%

Onion (1kg)

$1.59 CA$2.25

$2.23 $2.23

-28.70%

Lettuce (1 head)

$2.27 CA$3.21

$1.51 $1.51

50.33%

Water (1.5 liter bottle)

$1.25 CA$1.77

$1.98 $1.98

-36.87%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 CA$19.53

$8.71 $8.71

58.67%

Wine (Bottle)

$14.27 CA$20.18

$3.03 $3.03

370.96%

Local Beer (0.5 liter bottle)

$2.20 CA$3.10

$1.77 $1.77

24.29%

Imported Beer (0.33 liter bottle)

$2.43 CA$3.44

$3.02 $3.02

-19.54%

One-way Ticket (Public Transport)

$2.39 CA$3.38

$1.96 $1.96

21.94%

Public Transport Monthly Pass (Regular Price)

$111 CA$157

Taxi Start (Normal Tariff)

$2.91 CA$4.12

$2.02 $2.02

44.06%

Taxi (Normal Tariff) (1km)

$1.20 CA$1.69

$1.27 $1.27

-5.51%

Taxi 1hour Waiting (Normal Tariff)

$21.38 CA$30.23

$20.06 $20.06

6.58%

Gasoline (1 liter)

$1.21 CA$1.71

$0.95 $0.95

27.37%

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

$28.2K CA$39.8K

$35.4K $35.4K

-20.51%

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

$20.3K CA$28.6K

$24.5K $24.5K

-17.23%

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

$120 CA$170

$187 $187

-35.51%

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

$32.26 CA$45.60

$52.3 $52.3

-38.26%

Internet (50+ Mbps, Unlimited Data)

$47.93 CA$67.8

$79.3 $79.3

-39.56%

Gym Membership (Monthly)

$38.48 CA$54.4

$35.93 $35.93

7.10%

Tennis Court (1 Hour on Weekend)

$22.96 CA$32.46

Cinema Ticket

$12.38 CA$17.50

$15.30 $15.30

-19.08%

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

$830 CA$1,173

$1,361 $1,361

-39.04%

International Primary School, 1 Child (Yearly)

$23.1K CA$32.6K

$11.6K $11.6K

98.48%

Jeans (Levis 501 Or Similar)

$50.7 CA$71.7

$77.5 $77.5

-34.53%

Summer Dress (H&M, Zara, etc)

$40.02 CA$56.6

$54.0 $54.0

-25.82%

Sport Shoes (Adidas, Nike)

$98.0 CA$139

$102 $102

-3.71%

Men's Leather Business Shoes

$121 CA$171

$165 $165

-26.70%

1-bedroom Apartment, City Center (Monthly)

$1,592 CA$2,251

$1,433 $1,433

11.12%

1-bedroom Apartment, Outside City Center (Monthly)

$1,410 CA$1,994

$1,274 $1,274

10.72%

3-bedroom Apartment, City Center (Monthly)

$2,670 CA$3,775

$2,528 $2,528

5.63%

3-bedroom Apartment, Outside City Center (Monthly)

$2,152 CA$3,042

$2,157 $2,157

-0.27%

Buy Apartment in City Center (m2)

$7,945 CA$11.2K

$2,481 $2,481

220.25%

Buy Apartment Outside City Center (m2)

$6,542 CA$9,249

$2,593 $2,593

152.28%

Average Monthly Net Salary (After Tax)

$3,727 CA$5,269

20-Year Fixed Mortgage Interest Rate (Annual %)

4.47

6.57

-31.96%

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

Last update for Toronto: October 12, 2026

Last update for Austin, MN: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 55.1%

Austin, MN

$1.3K 51.8% 9.7% $137

Groceries & Markets

Toronto

$340 13.3%

Austin, MN

$293 11.9% 13.6% $46

Eating Out

Toronto

$278 10.9%

Austin, MN

$314 12.8% 13% $36

Monthly Utilities & Internet

Toronto

$201 7.8%

Austin, MN

$318 12.9% 58.7% $118

Clothing & Footwear

Toronto

$139 5.4%

Austin, MN

$179 7.3% 28.6% $40

Getting Around

Toronto

$129 5.1%

Austin, MN

$16 * 0.7% 87.5% $113

Sport & Entertainment

Toronto

$63 2.5%

Austin, MN

$67 2.7% 5.2% $3.3

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

Cost Breakdown

A central one-bedroom costs $1,592 in Toronto versus $1,433 in Austin, MN. 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 $76.0 in Toronto versus $100 in Austin, MN. Groceries tell a different story – $340 in Toronto vs $293 in Austin, MN – so Austin, MN wins on supermarket bills even if dining out costs more.

Good to know

🇨🇦 Toronto

🇺🇸 Austin, MN

🕒 Local time

13:45 1:45 PM

12:45 12:45 PM

1 h behind Toronto

🌤 Weather

👥 Population

2,731,571

974,447

💱 Currency

Canadian Dollar CAD $

United States Dollar USD $

📈 Exchange rate

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

1 USD = 0.89 EUR

Exchange rates and currency converter

USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of October 19, 2026: 1 USD = 1.41 CAD (1 CAD = 0.707 USD). 1 EUR = 1.59 CAD (1 CAD = 0.629 EUR).

United States Dollar exchange rates as of October 19, 2026: 1 EUR = 1.12 USD (1 USD = 0.89 EUR).

USD to CAD in detail →

On the map

Lowest

Highest

Between locations

Toronto Austin, MN 1,090 km ≈ 1 h 45 min nonstop flight

From you

Toronto
Austin, MN

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

Toronto vs Austin, MN: Cost of Living - Frequently Asked Questions

Yes – Toronto is pricier by about 4%, and outside of rent the gap shows up most in transport.

For a comfortable life, plan on about $3,841 per month in Toronto and $3,692 in Austin, MN. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Austin, MN, 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 $2,561 in Toronto and $2,462 in Austin, MN. That's a gap of about 4%.

Kindergarten costs $830 per month in Toronto and $1,361 in Austin, MN. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,500 monthly budget goes further in Austin, MN, where all-in costs run around $2,462, than in Toronto at $2,561. In Austin, MN it covers expenses comfortably, while in Toronto it requires careful planning or may not stretch far enough.

Families tend to lean toward Austin, MN – 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 Austin, MN. 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.