Cost of Living Comparison Between Toronto and Charlottetown Cost of Living Comparison Between Toronto and Charlottetown

Monthly Cost of Living

A single person spends $2,620 per month in Toronto vs $1,996 in Charlottetown, rent included.

A couple spends around $3,866 per month in Toronto vs $2,958 in Charlottetown, rent included.

A family of three spends $5,111 per month in Toronto vs $3,921 in Charlottetown, rent included.

Toronto costs about 31% more than Charlottetown, driven mainly by Getting Around.

Both Toronto and Charlottetown sit above the global median – Toronto by 90%, Charlottetown by 45%.

Meal at Budget Restaurant

$17.85 CA$24.75

$14.31 CA$19.85

24.74%

Three-Course Dinner for Two, Mid-Range

$86.8 CA$120

$61.8 CA$85.7

40.53%

Fast Food Meal (McDonalds, etc)

$10.94 CA$15.17

$9.80 CA$13.60

11.63%

Cappuccino

$4.01 CA$5.57

$3.52 CA$4.88

13.92%

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

$2.19 CA$3.04

$1.72 CA$2.39

27.33%

Water (0.33 liter bottle)

$1.69 CA$2.34

$1.33 CA$1.85

27.07%

Local Beer (0.5 liter draught)

$6.45 CA$8.94

$5.82 CA$8.08

10.82%

Imported Beer (0.33 liter bottle)

$7.05 CA$9.77

$5.69 CA$7.89

23.90%

Milk (1 liter)

$2.71 CA$3.77

$2.28 CA$3.16

18.86%

White Bread (500g)

$2.92 CA$4.05

$3.13 CA$4.34

-6.71%

Rice (white) (1kg)

$2.48 CA$3.44

$5.01 CA$6.95

-50.50%

Eggs

$3.85 CA$5.34

$4.14 CA$5.74

-7.00%

Local Cheese (1kg)

$10.10 CA$14.01

$11.94 CA$16.56

-15.41%

Chicken Fillets (1kg)

$12.02 CA$16.66

$15.68 CA$21.75

-23.34%

Beef Round Steak (1kg)

$15.61 CA$21.65

$17.47 CA$24.23

-10.65%

Apples (1kg)

$3.90 CA$5.41

$3.58 CA$4.97

8.94%

Banana (1kg)

$1.24 CA$1.72

$1.50 CA$2.08

-17.33%

Oranges (1kg)

$3.78 CA$5.24

$3.96 CA$5.49

-4.55%

Tomato (1kg)

$4.38 CA$6.08

$4.95 CA$6.86

-11.52%

Potato (1kg)

$1.93 CA$2.67

$1.72 CA$2.39

12.21%

Onion (1kg)

$1.50 CA$2.08

$3.09 CA$4.29

-51.46%

Lettuce (1 head)

$2.28 CA$3.17

$2.88 CA$4.00

-20.83%

Water (1.5 liter bottle)

$1.46 CA$2.02

$2.06 CA$2.86

-29.13%

Cigarettes 20 Pack (Marlboro, Camel)

$14.52 CA$20.14

$17.84 CA$24.74

-18.61%

Wine (Bottle)

$14.42 CA$20.00

$14.31 CA$19.85

0.77%

Local Beer (0.5 liter bottle)

$2.26 CA$3.14

$3.20 CA$4.44

-29.38%

Imported Beer (0.33 liter bottle)

$2.59 CA$3.60

$3.14 CA$4.35

-17.52%

One-way Ticket (Public Transport)

$2.36 CA$3.28

$1.48 CA$2.05

59.46%

Public Transport Monthly Pass (Regular Price)

$114 CA$159

$14.58 CA$20.21

684.02%

Taxi Start (Normal Tariff)

$3.16 CA$4.38

$7.59 CA$10.53

-58.37%

Taxi (Normal Tariff) (1km)

$1.26 CA$1.74

$2.14 CA$2.97

-41.12%

Taxi 1hour Waiting (Normal Tariff)

$22.57 CA$31.30

$28.68 CA$39.78

-21.30%

Gasoline (1 liter)

$1.24 CA$1.72

$1.24 CA$1.73

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

$27.3K CA$37.9K

$28.6K CA$39.6K

-4.40%

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

$20.7K CA$28.8K

$19.6K CA$27.1K

6.02%

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

$124 CA$172

$133 CA$184

-6.65%

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

$32.72 CA$45.38

$34.12 CA$47.33

-4.10%

Internet (50+ Mbps, Unlimited Data)

$48.79 CA$67.7

$75.0 CA$104

-34.90%

Gym Membership (Monthly)

$40.27 CA$55.9

$59.3 CA$82.3

-32.10%

Tennis Court (1 Hour on Weekend)

$23.84 CA$33.06

$3.57 CA$4.95

567.79%

Cinema Ticket

$12.82 CA$17.77

$11.04 CA$15.31

16.12%

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

$787 CA$1,092

$165 CA$229

377.19%

International Primary School, 1 Child (Yearly)

$24.5K CA$34.0K

Jeans (Levis 501 Or Similar)

$54.2 CA$75.2

$40.53 CA$56.2

33.83%

Summer Dress (H&M, Zara, etc)

$43.10 CA$59.8

$34.31 CA$47.58

25.62%

Sport Shoes (Adidas, Nike)

$97.9 CA$136

$84.0 CA$116

16.56%

Men's Leather Business Shoes

$126 CA$175

$134 CA$186

-6.12%

1-bedroom Apartment, City Center (Monthly)

$1,660 CA$2,303

$1,132 CA$1,570

46.66%

1-bedroom Apartment, Outside City Center (Monthly)

$1,483 CA$2,057

$872 CA$1,209

70.12%

3-bedroom Apartment, City Center (Monthly)

$2,800 CA$3,883

$1,817 CA$2,519

54.13%

3-bedroom Apartment, Outside City Center (Monthly)

$2,157 CA$2,991

$1,367 CA$1,896

57.72%

Buy Apartment in City Center (m2)

$8,381 CA$11.6K

$3,254 CA$4,514

157.53%

Buy Apartment Outside City Center (m2)

$6,842 CA$9,489

$1,996 CA$2,768

242.81%

Average Monthly Net Salary (After Tax)

$3,799 CA$5,269

$2,524 CA$3,500

50.53%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.47

4.58

-2.40%

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

Last update for Toronto: September 6, 2026

Last update for Charlottetown: September 7, 2026

Cost Breakdown

A central one-bedroom costs $1,660 in Toronto versus $1,132 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 51% higher in Toronto, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $87.0 in Toronto versus $62.0 in Charlottetown. Groceries tell a different story – $364 in Toronto vs $423 in Charlottetown – so Toronto wins on supermarket bills even if dining out costs more.

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 31% more than Charlottetown, with the gap driven mainly by Getting Around. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $3,930 per month in Toronto and $2,994 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. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $2,620 in Toronto and $1,996 in Charlottetown. The difference isn't just one category – it shows up across housing, food, transport, and services.

Public transport costs about 684% less in Charlottetown. For daily commuters, that gap adds up to noticeable savings over a year.

A $2,000 monthly budget goes further in Charlottetown, where all-in costs run around $1,996, than in Toronto at $2,620. In Charlottetown it covers expenses comfortably, while in Toronto it requires careful planning or may not stretch far enough.

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, better infrastructure, or specific career opportunities are the priority, Toronto makes more sense. Both are solid long-term options with distinct trade-offs.