Last update: Oct 2026

Cost of Living Comparison Between Toronto and the Bay Islands

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Cost of Living Index in Toronto
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Toronto Living Index

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Toronto

🇨🇦 Canada

$2,530

/mo nomad

Bay Islands

🇭🇳 Honduras

/mo nomad

Meal at Budget Restaurant

$17.67 CA$25.23

Three-Course Dinner for Two, Mid-Range

$77.4 CA$111

Fast Food Meal (McDonalds, etc)

$10.47 CA$14.95

Cappuccino

$4.08 CA$5.82

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

$2.12 CA$3.02

Water (0.33 liter bottle)

$1.76 CA$2.51

Local Beer (0.5 liter draught)

$6.17 CA$8.81

Imported Beer (0.33 liter bottle)

$6.89 CA$9.84

Milk (1 liter)

$2.43 CA$3.47

White Bread (500g)

$2.75 CA$3.93

Rice (white) (1kg)

$2.23 CA$3.18

Eggs

$3.45 CA$4.92

Local Cheese (1kg)

$8.93 CA$12.76

Chicken Fillets (1kg)

$11.44 CA$16.34

Beef Round Steak (1kg)

$14.61 CA$20.86

Apples (1kg)

$3.75 CA$5.35

Banana (1kg)

$1.15 CA$1.64

Oranges (1kg)

$3.55 CA$5.07

Tomato (1kg)

$4.28 CA$6.12

Potato (1kg)

$1.85 CA$2.63

Onion (1kg)

$1.67 CA$2.38

Lettuce (1 head)

$2.22 CA$3.16

Water (1.5 liter bottle)

$1.21 CA$1.73

Cigarettes 20 Pack (Marlboro, Camel)

$13.88 CA$19.81

Wine (Bottle)

$14.25 CA$20.35

Local Beer (0.5 liter bottle)

$2.20 CA$3.13

Imported Beer (0.33 liter bottle)

$2.42 CA$3.45

One-way Ticket (Public Transport)

$2.42 CA$3.45

Public Transport Monthly Pass (Regular Price)

$111 CA$158

Taxi Start (Normal Tariff)

$2.90 CA$4.14

Taxi (Normal Tariff) (1km)

$1.26 CA$1.80

Taxi 1hour Waiting (Normal Tariff)

$22.03 CA$31.46

Gasoline (1 liter)

$1.22 CA$1.75

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

$27.6K CA$39.5K

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

$19.8K CA$28.3K

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

$122 CA$174

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

$32.03 CA$45.74

Internet (50+ Mbps, Unlimited Data)

$47.92 CA$68.4

Gym Membership (Monthly)

$38.90 CA$55.6

Tennis Court (1 Hour on Weekend)

$23.24 CA$33.18

Cinema Ticket

$12.61 CA$18.01

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

$834 CA$1,191

International Primary School, 1 Child (Yearly)

$23.3K CA$33.3K

Jeans (Levis 501 Or Similar)

$52.6 CA$75.1

Summer Dress (H&M, Zara, etc)

$40.26 CA$57.5

Sport Shoes (Adidas, Nike)

$96.2 CA$137

Men's Leather Business Shoes

$123 CA$176

1-bedroom Apartment, City Center (Monthly)

$1,598 CA$2,282

1-bedroom Apartment, Outside City Center (Monthly)

$1,435 CA$2,049

3-bedroom Apartment, City Center (Monthly)

$2,657 CA$3,794

3-bedroom Apartment, Outside City Center (Monthly)

$2,096 CA$2,993

Buy Apartment in City Center (m2)

$8,033 CA$11.5K

Buy Apartment Outside City Center (m2)

$6,557 CA$9,364

Average Monthly Net Salary (After Tax)

$3,743 CA$5,345

20-Year Fixed Mortgage Interest Rate (Annual %)

4.47

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

Last update for Toronto: October 4, 2026

Last update for the Bay Islands: October 6, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 55.4%

Bay Islands

–

Groceries & Markets

Toronto

$340 13.1%

Bay Islands

–

Eating Out

Toronto

$282 10.9%

Bay Islands

–

Monthly Utilities & Internet

Toronto

$202 7.8%

Bay Islands

–

Clothing & Footwear

Toronto

$140 5.4%

Bay Islands

–

Getting Around

Toronto

$130 5%

Bay Islands

–

Sport & Entertainment

Toronto

$64 2.5%

Bay Islands

–

Good to know

🇨🇦 Toronto

🇭🇳 Bay Islands

🕒 Local time

03:48 3:48 AM

01:48 1:48 AM

2 h behind Toronto

🌤 Weather

👥 Population

2,731,571

71,500

💱 Currency

Canadian Dollar CAD $

Honduran Lempira HNL L

📈 Exchange rate

1 CAD = 0.7 USD

1 CAD = 0.625 EUR

100 HNL = 3.72 USD

100 HNL = 3.32 EUR

Exchange rates and currency converter

HNL, USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of October 13, 2026: 1 USD = 1.43 CAD (1 CAD = 0.7 USD). 1 EUR = 1.6 CAD (1 CAD = 0.625 EUR).

Honduran Lempira exchange rates as of October 13, 2026: 1 USD = 26.86 HNL (100 HNL = 3.72 USD). 1 EUR = 30.1 HNL (100 HNL = 3.32 EUR).

USD to CAD in detail →

On the map

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Between locations

Toronto Bay Islands 3,110 km ≈ 4 h 30 min nonstop flight

From you

Toronto
Bay Islands

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 Bay Islands: Cost of Living - Frequently Asked Questions

For families, Bay Islands is more practical. Housing and childcare are both notably cheaper than in Toronto, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Toronto and Bay Islands are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

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