Last update: Oct 2026

Cost of Living Comparison Between Toronto and Canmore

For one person, living is cheaper in Toronto: $2,589 a month against $2,957 in Canmore, rent and utilities included – about $4,400 less a year. Higher rent and utilities in Canmore outweigh lower spending on other living expenses.

125

Cost of Living Index in Toronto
Learn more

Toronto Living Index
141

Cost of Living Index in Canmore
Learn more

Canmore Living Index

Jump to prices

Toronto

🇨🇦 Canada

$2,589

/mo nomad

Canmore

🇨🇦 Canada

$2,957

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Canmore

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 Canmore actually costs, broken down by who's living it.

Monthly costs for one person with rent: $2,589 in Toronto versus $2,957 in Canmore.

Toronto $2,589
Canmore $2,957

Estimated couple costs with rent: $3,710 in Toronto versus $4,610 in Canmore.

Toronto $3,710
Canmore $4,610

Monthly costs for a family of three with rent: $4,831 in Toronto versus $6,262 in Canmore.

Toronto $4,831
Canmore $6,262

Living in Toronto costs roughly 12% less than in Canmore, and outside of rent the biggest gap is in utilities.

Both cities are pricier than the global median: Toronto 90% above, Canmore 117% above.

Meal at Budget Restaurant

$17.60 CA$24.73

$18.01 CA$25.31

-2.28%

Three-Course Dinner for Two, Mid-Range

$77.8 CA$109

$68.5 CA$96.3

13.56%

Fast Food Meal (McDonalds, etc)

$10.59 CA$14.87

$12.35 CA$17.35

-14.25%

Cappuccino

$4.16 CA$5.84

$4.15 CA$5.83

0.24%

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

$2.04 CA$2.87

$1.77 CA$2.49

15.25%

Water (0.33 liter bottle)

$1.75 CA$2.46

$2.11 CA$2.96

-17.06%

Local Beer (0.5 liter draught)

$6.58 CA$9.24

$7.11 CA$10.00

-7.45%

Imported Beer (0.33 liter bottle)

$7.11 CA$9.99

$5.65 CA$7.94

25.84%

Milk (1 liter)

$2.53 CA$3.56

$2.18 CA$3.07

16.06%

White Bread (500g)

$2.70 CA$3.80

$2.54 CA$3.57

6.30%

Rice (white) (1kg)

$2.24 CA$3.15

$4.47 CA$6.28

-49.89%

Eggs

$3.48 CA$4.89

$3.39 CA$4.76

2.65%

Local Cheese (1kg)

$9.38 CA$13.17

$10.00 CA$14.05

-6.20%

Chicken Fillets (1kg)

$11.60 CA$16.29

$12.36 CA$17.36

-6.15%

Beef Round Steak (1kg)

$14.68 CA$20.63

$13.11 CA$18.41

11.98%

Apples (1kg)

$3.74 CA$5.26

$3.45 CA$4.85

8.41%

Banana (1kg)

$1.22 CA$1.72

$1.36 CA$1.91

-10.29%

Oranges (1kg)

$3.48 CA$4.89

$2.74 CA$3.85

27.01%

Tomato (1kg)

$4.32 CA$6.07

$4.53 CA$6.37

-4.64%

Potato (1kg)

$1.85 CA$2.60

$3.53 CA$4.96

-47.59%

Onion (1kg)

$1.69 CA$2.38

$3.18 CA$4.47

-46.86%

Lettuce (1 head)

$2.23 CA$3.13

$2.82 CA$3.96

-20.92%

Water (1.5 liter bottle)

$1.28 CA$1.79

$1.80 CA$2.52

-28.89%

Cigarettes 20 Pack (Marlboro, Camel)

$14.04 CA$19.73

$12.09 CA$16.99

16.13%

Wine (Bottle)

$14.43 CA$20.27

$14.14 CA$19.86

2.05%

Local Beer (0.5 liter bottle)

$2.16 CA$3.03

$3.26 CA$4.59

-33.74%

Imported Beer (0.33 liter bottle)

$2.52 CA$3.55

$3.87 CA$5.44

-34.88%

One-way Ticket (Public Transport)

$2.37 CA$3.33

$2.19 CA$3.08

8.22%

Public Transport Monthly Pass (Regular Price)

$112 CA$158

$30.80 CA$43.28

265.13%

Taxi Start (Normal Tariff)

$3.04 CA$4.27

$3.49 CA$4.90

-12.89%

Taxi (Normal Tariff) (1km)

$1.24 CA$1.74

$2.93 CA$4.12

-57.68%

Taxi 1hour Waiting (Normal Tariff)

$22.55 CA$31.69

$42.69 CA$60.0

-47.18%

Gasoline (1 liter)

$1.24 CA$1.75

$1.07 CA$1.50

15.89%

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

$26.9K CA$37.8K

$25.1K CA$35.2K

7.33%

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

$21.4K CA$30.0K

$21.0K CA$29.4K

2.07%

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

$125 CA$175

$273 CA$383

-54.26%

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

$33.05 CA$46.44

$52.1 CA$73.2

-36.53%

Internet (50+ Mbps, Unlimited Data)

$47.96 CA$67.4

$69.6 CA$97.8

-31.11%

Gym Membership (Monthly)

$36.69 CA$51.6

$51.9 CA$73.0

-29.36%

Tennis Court (1 Hour on Weekend)

$23.67 CA$33.26

$10.81 CA$15.19

118.96%

Cinema Ticket

$13.08 CA$18.37

$14.03 CA$19.71

-6.77%

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

$759 CA$1,066

$868 CA$1,219

-12.54%

International Primary School, 1 Child (Yearly)

$23.8K CA$33.4K

$3,521 CA$4,947

575.41%

Jeans (Levis 501 Or Similar)

$53.5 CA$75.2

$47.59 CA$66.9

12.50%

Summer Dress (H&M, Zara, etc)

$40.44 CA$56.8

$43.95 CA$61.8

-7.99%

Sport Shoes (Adidas, Nike)

$100 CA$141

$75.6 CA$106

32.86%

Men's Leather Business Shoes

$125 CA$176

$89.7 CA$126

39.66%

1-bedroom Apartment, City Center (Monthly)

$1,630 CA$2,290

$1,556 CA$2,186

4.74%

1-bedroom Apartment, Outside City Center (Monthly)

$1,416 CA$1,989

$1,646 CA$2,312

-13.97%

3-bedroom Apartment, City Center (Monthly)

$2,694 CA$3,785

$3,398 CA$4,774

-20.71%

3-bedroom Apartment, Outside City Center (Monthly)

$2,101 CA$2,952

$3,499 CA$4,917

-39.96%

Buy Apartment in City Center (m2)

$7,551 CA$10.6K

$6,464 CA$9,081

16.82%

Buy Apartment Outside City Center (m2)

$6,674 CA$9,377

$5,946 CA$8,355

12.23%

Average Monthly Net Salary (After Tax)

$3,543 CA$4,978

$3,201 CA$4,498

10.69%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.45

4.85

-8.25%

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

Last update for Toronto: October 26, 2026

Last update for Canmore: October 26, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 54.7%

Canmore

$1.6K 55.7% 16.2% $230

Groceries & Markets

Toronto

$345 13.3%

Canmore

$371 12.5% 7.6% $26

Eating Out

Toronto

$285 11%

Canmore

$293 9.9% 3% $8.6

Monthly Utilities & Internet

Toronto

$206 7.9%

Canmore

$394 13.3% 91.7% $189

Clothing & Footwear

Toronto

$144 5.6%

Canmore

$116 3.9% 19.7% $28

Getting Around

Toronto

$131 5.1%

Canmore

$58 2% 56% $73

Sport & Entertainment

Toronto

$63 2.4%

Canmore

$80 2.7% 27.3% $17

Cost Breakdown

A one-bedroom apartment in the center runs $1,630 in Toronto and $1,556 in Canmore. Housing cost is often the main lever when comparing two cities.

Toronto pays 11% more on average while also being the cheaper of the two. The combined effect is a noticeably stronger local purchasing power.

Dining out: $78 in Toronto vs $69 in Canmore. Groceries flip the comparison at $345 vs $371, with Toronto cheaper for home cooking.

Good to know

🇨🇦 Toronto

🇨🇦 Canmore

🕒 Local time

11:43 11:43 AM

09:43 9:43 AM

2 h behind Toronto

🌤 Weather

👥 Population

2,731,571

13,992

💱 Currency

Canadian Dollar CAD $

📈 Exchange rate

1 CAD = 0.712 USD

1 CAD = 0.64 EUR

1 CAD = 0.712 USD

1 CAD = 0.64 EUR

Exchange rates and currency converter

On the map

Lowest

Highest

Between locations

Toronto Canmore 2,800 km ≈ 4 h nonstop flight

From you

Toronto
Canmore

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 Canmore: Cost of Living - Frequently Asked Questions

Toronto wins on cost – living expenses run 12% lower than in Canmore. Housing and daily spending are where you’ll feel the difference most, making Toronto the obvious pick if budget is a priority.

Average pay runs 11% higher in Toronto, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $1,630 in Toronto versus $1,556 in Canmore. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you’ll spend $2,589 per month in Toronto versus $2,957 in Canmore – a 14% gap that adds up to real savings over time for anyone picking the cheaper option.

A monthly transit pass in Canmore runs roughly 73% less than in Toronto. Both cities have functional networks, but the price difference matters if you’re watching your budget.

Both cities are expensive relative to $2,500. Toronto is the more realistic option, but even there you’ll need to be disciplined with housing, food, and fun money.