Cost of Living Comparison Between Toronto and Banff Cost of Living Comparison Between Toronto and Banff

🙂 Solo nomad: Toronto is 12.4% cheaper than Banff without rent, and 21.8% more expensive with rent.

🙂 Family of 3: Toronto is 1.2% cheaper than Banff without rent, and 11.4% cheaper with rent.

Meal at Budget Restaurant

$18.97 CA$26.37

$22.20 CA$30.86

-14.55%

Three-Course Dinner for Two, Mid-Range

$82.9 CA$115

$73.3 CA$102

13.09%

Fast Food Meal (McDonalds, etc)

$11.12 CA$15.45

$10.18 CA$14.15

9.23%

Cappuccino

$3.98 CA$5.54

$4.42 CA$6.15

-9.95%

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

$2.11 CA$2.93

$1.63 CA$2.26

29.45%

Water (0.33 liter bottle)

$1.70 CA$2.37

$1.94 CA$2.69

-12.37%

Local Beer (0.5 liter draught)

$5.84 CA$8.12

$5.61 CA$7.80

4.10%

Imported Beer (0.33 liter bottle)

$6.64 CA$9.23

$8.65 CA$12.03

-23.24%

Milk (1 liter)

$2.80 CA$3.89

$2.13 CA$2.96

31.46%

White Bread (500g)

$2.87 CA$3.99

$2.33 CA$3.23

23.18%

Rice (white) (1kg)

$3.68 CA$5.12

$5.75 CA$8.00

-36.00%

Eggs

$3.47 CA$4.82

$3.79 CA$5.27

-8.44%

Local Cheese (1kg)

$13.62 CA$18.93

$12.60 CA$17.51

8.10%

Chicken Fillets (1kg)

$13.03 CA$18.11

$14.62 CA$20.32

-10.88%

Beef Round Steak (1kg)

$16.98 CA$23.60

$12.42 CA$17.26

36.71%

Apples (1kg)

$4.07 CA$5.65

$4.09 CA$5.68

-0.49%

Banana (1kg)

$1.18 CA$1.64

$1.51 CA$2.09

-21.85%

Oranges (1kg)

$3.35 CA$4.65

$4.92 CA$6.84

-31.91%

Tomato (1kg)

$3.98 CA$5.53

$5.27 CA$7.33

-24.48%

Potato (1kg)

$2.42 CA$3.37

$3.01 CA$4.18

-19.60%

Onion (1kg)

$2.90 CA$4.03

$3.31 CA$4.61

-12.39%

Lettuce (1 head)

$2.45 CA$3.40

$3.43 CA$4.76

-28.57%

Water (1.5 liter bottle)

$1.97 CA$2.75

$2.90 CA$4.02

-32.07%

Cigarettes 20 Pack (Marlboro, Camel)

$14.49 CA$20.13

$14.46 CA$20.10

0.21%

Wine (Bottle)

$13.12 CA$18.23

$11.32 CA$15.74

15.90%

Local Beer (0.5 liter bottle)

$2.77 CA$3.86

$5.06 CA$7.04

-45.26%

Imported Beer (0.33 liter bottle)

$3.28 CA$4.56

$2.99 CA$4.15

9.70%

One-way Ticket (Public Transport)

$2.50 CA$3.48

$1.48 CA$2.06

68.92%

Public Transport Monthly Pass (Regular Price)

$117 CA$162

$21.79 CA$30.28

435.20%

Taxi Start (Normal Tariff)

$3.78 CA$5.25

$5.58 CA$7.76

-32.26%

Taxi (Normal Tariff) (1km)

$1.35 CA$1.88

$3.09 CA$4.29

-56.31%

Taxi 1hour Waiting (Normal Tariff)

$25.68 CA$35.70

$19.19 CA$26.67

33.82%

Gasoline (1 liter)

$1.14 CA$1.59

$1.02 CA$1.41

11.76%

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

$25.1K CA$34.9K

$25.4K CA$35.3K

-1.18%

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

$21.4K CA$29.8K

$20.6K CA$28.7K

3.79%

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

$120 CA$166

$201 CA$279

-40.39%

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

$36.86 CA$51.2

$57.1 CA$79.4

-35.47%

Internet (50+ Mbps, Unlimited Data)

$54.2 CA$75.4

$69.0 CA$95.9

-21.37%

Gym Membership (Monthly)

$56.5 CA$78.5

$76.9 CA$107

-26.54%

Tennis Court (1 Hour on Weekend)

$21.02 CA$29.22

$37.02 CA$51.5

-43.22%

Cinema Ticket

$11.59 CA$16.11

$8.87 CA$12.33

30.67%

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

$1,134 CA$1,576

$874 CA$1,214

29.82%

International Primary School, 1 Child (Yearly)

$18.4K CA$25.6K

$11.9K CA$16.6K

54.52%

Jeans (Levis 501 Or Similar)

$57.0 CA$79.2

$44.50 CA$61.9

28.07%

Summer Dress (H&M, Zara, etc)

$38.93 CA$54.1

$47.28 CA$65.7

-17.66%

Sport Shoes (Adidas, Nike)

$89.6 CA$124

$91.1 CA$127

-1.74%

Men's Leather Business Shoes

$116 CA$161

$109 CA$151

7.00%

1-bedroom Apartment, City Center (Monthly)

$1,819 CA$2,528

$881 CA$1,225

106.40%

1-bedroom Apartment, Outside City Center (Monthly)

$1,529 CA$2,125

$901 CA$1,252

69.65%

3-bedroom Apartment, City Center (Monthly)

$2,993 CA$4,160

$1,349 CA$1,875

121.85%

3-bedroom Apartment, Outside City Center (Monthly)

$2,444 CA$3,397

$3,045 CA$4,233

-19.75%

Buy Apartment in City Center (m2)

$8,696 CA$12.1K

$3,796 CA$5,276

129.09%

Buy Apartment Outside City Center (m2)

$6,744 CA$9,374

$3,513 CA$4,883

91.99%

Average Monthly Net Salary (After Tax)

$3,628 CA$5,043

$2,698 CA$3,750

34.48%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.16

6.62

-22.05%

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

Last update for Toronto: January 13, 2026

Last update for Banff: January 12, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

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