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

Monthly Cost of Living

A single person spends $2,788 per month in Toronto vs $2,072 in Charlottetown, rent included.

A couple spends around $4,110 per month in Toronto vs $3,009 in Charlottetown, rent included.

A family of three spends $5,432 per month in Toronto vs $3,946 in Charlottetown, rent included.

Toronto costs about 35% more than Charlottetown, driven mainly by Getting Around.

Both Toronto and Charlottetown sit above the global median – Toronto by 109%, Charlottetown by 55%.

Meal at Budget Restaurant

$18.51 CA$25.96

$14.85 CA$20.82

24.65%

Three-Course Dinner for Two, Mid-Range

$83.8 CA$118

$59.9 CA$83.9

39.99%

Fast Food Meal (McDonalds, etc)

$10.97 CA$15.38

$9.09 CA$12.75

20.68%

Cappuccino

$3.99 CA$5.59

$3.85 CA$5.40

3.64%

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

$2.11 CA$2.96

$1.68 CA$2.36

25.60%

Water (0.33 liter bottle)

$1.69 CA$2.37

$1.33 CA$1.86

27.07%

Local Beer (0.5 liter draught)

$5.92 CA$8.30

Imported Beer (0.33 liter bottle)

$6.48 CA$9.08

$5.82 CA$8.16

11.34%

Milk (1 liter)

$2.71 CA$3.80

$2.03 CA$2.84

33.50%

White Bread (500g)

$2.85 CA$4.00

$2.80 CA$3.93

1.79%

Rice (white) (1kg)

$3.56 CA$4.99

$4.11 CA$5.77

-13.38%

Eggs

$3.54 CA$4.96

$4.14 CA$5.80

-14.49%

Local Cheese (1kg)

$13.26 CA$18.59

$12.77 CA$17.91

3.84%

Chicken Fillets (1kg)

$13.05 CA$18.29

$14.46 CA$20.27

-9.75%

Beef Round Steak (1kg)

$16.77 CA$23.51

$16.38 CA$22.97

2.38%

Apples (1kg)

$4.11 CA$5.77

$4.04 CA$5.67

1.73%

Banana (1kg)

$1.14 CA$1.60

$1.58 CA$2.22

-27.85%

Oranges (1kg)

$3.40 CA$4.76

$3.74 CA$5.25

-9.09%

Tomato (1kg)

$4.02 CA$5.64

$5.53 CA$7.75

-27.31%

Potato (1kg)

$2.43 CA$3.41

$2.06 CA$2.89

17.96%

Onion (1kg)

$2.94 CA$4.12

$2.21 CA$3.10

33.03%

Lettuce (1 head)

$2.47 CA$3.47

$2.79 CA$3.90

-11.47%

Water (1.5 liter bottle)

$1.92 CA$2.69

$1.96 CA$2.74

-2.04%

Cigarettes 20 Pack (Marlboro, Camel)

$14.99 CA$21.01

$18.19 CA$25.50

-17.59%

Wine (Bottle)

$14.34 CA$20.10

$13.74 CA$19.26

4.37%

Local Beer (0.5 liter bottle)

$2.71 CA$3.80

$3.36 CA$4.71

-19.35%

Imported Beer (0.33 liter bottle)

$3.12 CA$4.38

$3.33 CA$4.67

-6.31%

One-way Ticket (Public Transport)

$2.45 CA$3.44

$1.45 CA$2.03

68.97%

Public Transport Monthly Pass (Regular Price)

$113 CA$158

$14.50 CA$20.33

678.14%

Taxi Start (Normal Tariff)

$3.63 CA$5.08

$7.64 CA$10.71

-52.49%

Taxi (Normal Tariff) (1km)

$1.34 CA$1.88

$2.03 CA$2.85

-33.99%

Taxi 1hour Waiting (Normal Tariff)

$25.55 CA$35.82

$29.73 CA$41.68

-14.06%

Gasoline (1 liter)

$1.11 CA$1.55

$1.24 CA$1.74

-10.48%

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

$25.3K CA$35.4K

0.02%

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

$21.8K CA$30.5K

$21.1K CA$29.6K

3.20%

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

$117 CA$164

$130 CA$183

-10.40%

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

$37.60 CA$52.7

$38.04 CA$53.3

-1.16%

Internet (50+ Mbps, Unlimited Data)

$53.7 CA$75.3

$83.6 CA$117

-35.81%

Gym Membership (Monthly)

$57.1 CA$80.1

$55.4 CA$77.7

3.03%

Tennis Court (1 Hour on Weekend)

$20.86 CA$29.24

$14.67 CA$20.57

42.19%

Cinema Ticket

$11.56 CA$16.20

$10.82 CA$15.17

6.84%

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

$1,125 CA$1,577

$163 CA$228

591.46%

International Primary School, 1 Child (Yearly)

$18.4K CA$25.9K

$11.7K CA$16.4K

57.36%

Jeans (Levis 501 Or Similar)

$57.3 CA$80.4

$40.99 CA$57.5

39.84%

Summer Dress (H&M, Zara, etc)

$39.05 CA$54.8

$35.65 CA$49.98

9.54%

Sport Shoes (Adidas, Nike)

$87.6 CA$123

$85.7 CA$120

2.15%

Men's Leather Business Shoes

$114 CA$159

$139 CA$195

-18.22%

1-bedroom Apartment, City Center (Monthly)

$1,842 CA$2,582

$1,113 CA$1,561

65.42%

1-bedroom Apartment, Outside City Center (Monthly)

$1,531 CA$2,146

$901 CA$1,263

69.95%

3-bedroom Apartment, City Center (Monthly)

$2,925 CA$4,101

$1,715 CA$2,404

70.60%

3-bedroom Apartment, Outside City Center (Monthly)

$2,502 CA$3,508

$1,450 CA$2,033

72.59%

Buy Apartment in City Center (m2)

$8,725 CA$12.2K

$3,180 CA$4,459

174.37%

Buy Apartment Outside City Center (m2)

$6,867 CA$9,628

$1,930 CA$2,706

255.73%

Average Monthly Net Salary (After Tax)

$3,454 CA$4,842

$2,398 CA$3,362

44.04%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.16

6.46

-20.12%

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

Last update for Toronto: July 11, 2026

Last update for Charlottetown: July 12, 2026

Cost Breakdown

A central one-bedroom costs $1,842 in Toronto versus $1,113 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 44% 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 $84.0 in Toronto versus $60.0 in Charlottetown. Groceries tell a different story – $395 in Toronto vs $410 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 35% 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 $4,181 per month in Toronto and $3,108 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 $2,788 in Toronto and $2,072 in Charlottetown. The difference isn't just one category – it shows up across housing, food, transport, and services.

Public transport costs about 678% 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 $2,072, than in Toronto at $2,788. 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.