Last update: Oct 2026

Cost of Living Comparison Between Toronto and Charlottetown

For one person, living is cheaper in Charlottetown: $1,906 a month against $2,589 in Toronto, rent and utilities included – about $8,200 less a year. Rent and utilities account for most of the difference.

125

Cost of Living Index in Toronto
Learn more

Toronto Living Index
91

Cost of Living Index in Charlottetown
Learn more

Charlottetown Living Index

Jump to prices

Toronto

🇨🇦 Canada

$2,589

/mo nomad

Charlottetown

🇨🇦 Canada

$1,906

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Charlottetown

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

A single person spends $2,589 per month in Toronto vs $1,906 in Charlottetown, rent included.

Toronto $2,589
Charlottetown $1,906

A couple spends around $3,710 per month in Toronto vs $2,844 in Charlottetown, rent included.

Toronto $3,710
Charlottetown $2,844

A family of three spends $4,831 per month in Toronto vs $3,782 in Charlottetown, rent included.

Toronto $4,831
Charlottetown $3,782

Toronto costs about 36% more than Charlottetown, and outside of rent the biggest gap is in transport.

Both Toronto and Charlottetown sit above the global median – Toronto by 90%, Charlottetown by 40%.

Meal at Budget Restaurant

$17.60 CA$24.62

$14.36 CA$20.09

22.56%

Three-Course Dinner for Two, Mid-Range

$77.8 CA$109

$60.9 CA$85.2

27.68%

Fast Food Meal (McDonalds, etc)

$10.59 CA$14.81

$9.53 CA$13.33

11.12%

Cappuccino

$4.16 CA$5.82

$3.63 CA$5.08

14.60%

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

$2.04 CA$2.86

$1.69 CA$2.36

20.71%

Water (0.33 liter bottle)

$1.75 CA$2.45

$1.29 CA$1.81

35.66%

Local Beer (0.5 liter draught)

$6.58 CA$9.20

$5.80 CA$8.11

13.45%

Imported Beer (0.33 liter bottle)

$7.11 CA$9.95

$5.74 CA$8.03

23.87%

Milk (1 liter)

$2.53 CA$3.55

$2.24 CA$3.13

12.95%

White Bread (500g)

$2.70 CA$3.78

$3.09 CA$4.32

-12.62%

Rice (white) (1kg)

$2.24 CA$3.13

$5.08 CA$7.11

-55.91%

Eggs

$3.48 CA$4.87

$4.13 CA$5.78

-15.74%

Local Cheese (1kg)

$9.38 CA$13.11

$11.55 CA$16.15

-18.79%

Chicken Fillets (1kg)

$11.60 CA$16.22

$15.48 CA$21.65

-25.06%

Beef Round Steak (1kg)

$14.68 CA$20.54

$17.53 CA$24.52

-16.26%

Apples (1kg)

$3.74 CA$5.24

$3.42 CA$4.78

9.36%

Banana (1kg)

$1.22 CA$1.71

$1.46 CA$2.04

-16.44%

Oranges (1kg)

$3.48 CA$4.87

$4.04 CA$5.66

-13.86%

Tomato (1kg)

$4.32 CA$6.05

$5.01 CA$7.01

-13.77%

Potato (1kg)

$1.85 CA$2.59

$1.69 CA$2.36

9.47%

Onion (1kg)

$1.69 CA$2.36

$3.05 CA$4.27

-44.59%

Lettuce (1 head)

$2.23 CA$3.12

$2.73 CA$3.82

-18.32%

Water (1.5 liter bottle)

$1.28 CA$1.79

$2.05 CA$2.87

-37.56%

Cigarettes 20 Pack (Marlboro, Camel)

$14.04 CA$19.64

$17.79 CA$24.88

-21.08%

Wine (Bottle)

$14.43 CA$20.18

$14.03 CA$19.62

2.85%

Local Beer (0.5 liter bottle)

$2.16 CA$3.02

$3.31 CA$4.63

-34.74%

Imported Beer (0.33 liter bottle)

$2.52 CA$3.53

$3.17 CA$4.43

-20.50%

One-way Ticket (Public Transport)

$2.37 CA$3.31

$1.40 CA$1.96

69.29%

Public Transport Monthly Pass (Regular Price)

$112 CA$157

$14.31 CA$20.02

685.88%

Taxi Start (Normal Tariff)

$3.04 CA$4.26

$7.53 CA$10.53

-59.63%

Taxi (Normal Tariff) (1km)

$1.24 CA$1.73

$2.08 CA$2.91

-40.38%

Taxi 1hour Waiting (Normal Tariff)

$22.55 CA$31.55

$28.10 CA$39.31

-19.75%

Gasoline (1 liter)

$1.24 CA$1.74

$1.34 CA$1.87

-7.46%

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

$26.9K CA$37.6K

$27.8K CA$38.9K

-3.37%

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

$21.4K CA$29.9K

$21.5K CA$30.1K

-0.75%

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

$125 CA$174

$129 CA$181

-3.56%

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

$33.05 CA$46.23

$33.37 CA$46.67

-0.96%

Internet (50+ Mbps, Unlimited Data)

$47.96 CA$67.1

$76.1 CA$106

-36.97%

Gym Membership (Monthly)

$36.69 CA$51.3

$58.5 CA$81.8

-37.23%

Tennis Court (1 Hour on Weekend)

$23.67 CA$33.11

$3.47 CA$4.86

582.13%

Cinema Ticket

$13.08 CA$18.29

$10.50 CA$14.68

24.57%

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

$759 CA$1,061

$161 CA$225

371.23%

International Primary School, 1 Child (Yearly)

$23.8K CA$33.3K

Jeans (Levis 501 Or Similar)

$53.5 CA$74.9

$40.13 CA$56.1

33.42%

Summer Dress (H&M, Zara, etc)

$40.44 CA$56.6

$34.41 CA$48.13

17.52%

Sport Shoes (Adidas, Nike)

$100 CA$141

$83.9 CA$117

19.75%

Men's Leather Business Shoes

$125 CA$175

$131 CA$183

-4.51%

1-bedroom Apartment, City Center (Monthly)

$1,630 CA$2,280

$967 CA$1,352

68.56%

1-bedroom Apartment, Outside City Center (Monthly)

$1,416 CA$1,980

$760 CA$1,063

86.21%

3-bedroom Apartment, City Center (Monthly)

$2,694 CA$3,768

$1,660 CA$2,321

62.34%

3-bedroom Apartment, Outside City Center (Monthly)

$2,101 CA$2,939

$1,237 CA$1,731

69.78%

Buy Apartment in City Center (m2)

$7,551 CA$10.6K

$2,914 CA$4,076

159.13%

Buy Apartment Outside City Center (m2)

$6,674 CA$9,335

$1,966 CA$2,750

239.47%

Average Monthly Net Salary (After Tax)

$3,543 CA$4,956

$2,435 CA$3,406

45.50%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.45

4.58

-2.84%

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

Last update for Toronto: October 26, 2026

Last update for Charlottetown: October 26, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 54.7%

Charlottetown

$760 39.9% 46.3% $655

Groceries & Markets

Toronto

$345 13.3%

Charlottetown

$419 22% 21.6% $75

Eating Out

Toronto

$285 11%

Charlottetown

$239 12.6% 15.9% $45

Monthly Utilities & Internet

Toronto

$206 7.9%

Charlottetown

$239 12.5% 16.1% $33

Clothing & Footwear

Toronto

$144 5.6%

Charlottetown

$130 6.8% 9.4% $14

Getting Around

Toronto

$131 5.1%

Charlottetown

$38 2% 71.1% $93

Sport & Entertainment

Toronto

$63 2.4%

Charlottetown

$79 4.2% 26.4% $17

Cost Breakdown

A central one-bedroom costs $1,630 in Toronto versus $967 in Charlottetown. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 46% higher in Toronto. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $78 in Toronto versus $61 in Charlottetown. Groceries tell a different story – $345 in Toronto vs $419 in Charlottetown – so Toronto wins on supermarket bills even if dining out costs more.

Good to know

🇨🇦 Toronto

🇨🇦 Charlottetown

🕒 Local time

00:02 12:02 AM

01:02 1:02 AM

1 h ahead of Toronto

🌤 Weather

👥 Population

2,731,571

38,809

💱 Currency

Canadian Dollar CAD $

📈 Exchange rate

1 CAD = 0.715 USD

1 CAD = 0.642 EUR

1 CAD = 0.715 USD

1 CAD = 0.642 EUR

Exchange rates and currency converter

On the map

Lowest

Highest

Between locations

Toronto Charlottetown 1,310 km ≈ 2 h 15 min nonstop flight

From you

Toronto
Charlottetown

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 Charlottetown: Cost of Living - Frequently Asked Questions

Toronto costs about 36% more than Charlottetown, and outside of rent the gap comes mainly from transport. That’s enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $3,883 per month in Toronto and $2,858 in Charlottetown. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Charlottetown, especially for central apartments: a one-bedroom in the center costs $967 there versus $1,630 in Toronto.

Monthly expenses with rent come to $2,589 in Toronto and $1,906 in Charlottetown. That makes Charlottetown about 26% cheaper.

Public transport costs about 87% less in Charlottetown. For daily commuters, that gap adds up to noticeable savings over a year.

Families tend to lean toward Charlottetown – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

If budget matters most, go with Charlottetown. If higher salaries or specific career opportunities are the priority, Toronto makes more sense. Both are solid long-term options with distinct trade-offs.