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

😐 Solo nomad: Toronto is 14.1% more expensive than Banff without rent, and 25.9% more expensive with rent.

🙂 Family of 3: Toronto is 10.1% cheaper than Banff without rent, and 11% cheaper with rent.

Meal at Budget Restaurant

$18.40 CA$25.20

$22.05 CA$30.21

-16.55%

Three-Course Dinner for Two, Mid-Range

$81.3 CA$111

$72.8 CA$99.7

11.73%

Fast Food Meal (McDonalds, etc)

$10.92 CA$14.97

$10.34 CA$14.16

5.61%

Cappuccino

$3.83 CA$5.25

$4.31 CA$5.90

-11.14%

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

$2.19 CA$3.01

$1.68 CA$2.30

30.36%

Water (0.33 liter bottle)

$1.64 CA$2.25

$1.97 CA$2.70

-16.75%

Local Beer (0.5 liter draught)

$5.87 CA$8.05

$5.65 CA$7.74

3.89%

Imported Beer (0.33 liter bottle)

$6.74 CA$9.24

$8.95 CA$12.26

-24.69%

Milk (1 liter)

$2.69 CA$3.68

$2.10 CA$2.87

28.10%

White Bread (500g)

$2.78 CA$3.81

$2.31 CA$3.16

20.35%

Rice (white) (1kg)

$3.51 CA$4.81

$5.92 CA$8.11

-40.71%

Eggs

$3.47 CA$4.76

$3.74 CA$5.12

-7.22%

Local Cheese (1kg)

$13.25 CA$18.15

$12.52 CA$17.15

5.83%

Chicken Fillets (1kg)

$12.92 CA$17.70

$14.85 CA$20.35

-13.00%

Beef Round Steak (1kg)

$16.38 CA$22.44

$12.44 CA$17.04

31.67%

Apples (1kg)

$4.03 CA$5.52

$4.13 CA$5.66

-2.42%

Banana (1kg)

$1.17 CA$1.61

$1.59 CA$2.17

-26.42%

Oranges (1kg)

$3.35 CA$4.59

$4.90 CA$6.71

-31.63%

Tomato (1kg)

$4.01 CA$5.50

$5.22 CA$7.15

-23.18%

Potato (1kg)

$2.44 CA$3.34

$2.90 CA$3.97

-15.86%

Onion (1kg)

$2.84 CA$3.90

$3.19 CA$4.37

-10.97%

Lettuce (1 head)

$2.39 CA$3.27

$3.42 CA$4.69

-30.12%

Water (1.5 liter bottle)

$1.98 CA$2.71

$2.78 CA$3.81

-28.78%

Cigarettes 20 Pack (Marlboro, Camel)

$14.82 CA$20.31

$14.95 CA$20.48

-0.87%

Wine (Bottle)

$14.37 CA$19.68

$12.80 CA$17.54

12.27%

Local Beer (0.5 liter bottle)

$2.77 CA$3.79

$5.20 CA$7.12

-46.73%

Imported Beer (0.33 liter bottle)

$3.30 CA$4.52

$3.01 CA$4.13

9.63%

One-way Ticket (Public Transport)

$2.45 CA$3.35

$1.45 CA$1.98

68.97%

Public Transport Monthly Pass (Regular Price)

$113 CA$155

$22.26 CA$30.49

409.75%

Taxi Start (Normal Tariff)

$3.61 CA$4.95

$5.58 CA$7.64

-35.30%

Taxi (Normal Tariff) (1km)

$1.42 CA$1.94

$3.19 CA$4.37

-55.49%

Taxi 1hour Waiting (Normal Tariff)

$25.90 CA$35.48

$19.12 CA$26.19

35.46%

Gasoline (1 liter)

$1.10 CA$1.50

$1.02 CA$1.40

7.84%

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

$25.5K CA$35.0K

$24.9K CA$34.1K

2.73%

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

$21.0K CA$28.7K

$20.8K CA$28.5K

0.80%

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

$119 CA$163

$200 CA$274

-40.60%

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

$37.69 CA$51.6

$57.5 CA$78.8

-34.44%

Internet (50+ Mbps, Unlimited Data)

$54.6 CA$74.7

$69.1 CA$94.6

-21.01%

Gym Membership (Monthly)

$57.3 CA$78.5

$75.8 CA$104

-24.49%

Tennis Court (1 Hour on Weekend)

$20.68 CA$28.33

$37.19 CA$51.0

-44.39%

Cinema Ticket

$11.62 CA$15.92

$8.70 CA$11.91

33.56%

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

$1,118 CA$1,531

$870 CA$1,191

28.52%

International Primary School, 1 Child (Yearly)

$18.3K CA$25.0K

$11.6K CA$15.8K

58.23%

Jeans (Levis 501 Or Similar)

$57.3 CA$78.6

$44.00 CA$60.3

30.30%

Summer Dress (H&M, Zara, etc)

$39.80 CA$54.5

$47.29 CA$64.8

-15.84%

Sport Shoes (Adidas, Nike)

$88.4 CA$121

$94.3 CA$129

-6.30%

Men's Leather Business Shoes

$116 CA$159

$111 CA$152

4.24%

1-bedroom Apartment, City Center (Monthly)

$1,836 CA$2,516

$897 CA$1,228

104.80%

1-bedroom Apartment, Outside City Center (Monthly)

$1,550 CA$2,124

$885 CA$1,212

75.24%

3-bedroom Apartment, City Center (Monthly)

$2,991 CA$4,097

$1,342 CA$1,838

122.93%

3-bedroom Apartment, Outside City Center (Monthly)

$2,492 CA$3,415

$3,070 CA$4,206

-18.82%

Buy Apartment in City Center (m2)

$8,566 CA$11.7K

$3,771 CA$5,166

127.14%

Buy Apartment Outside City Center (m2)

$6,905 CA$9,460

$3,491 CA$4,783

97.79%

Average Monthly Net Salary (After Tax)

$3,697 CA$5,064

$2,626 CA$3,597

40.79%

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: April 13, 2026

Last update for Banff: April 13, 2026

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 other spots: cost of living compared

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