Last update: Oct 2026

Cost of Living Comparison Between Toronto and Colorado Springs, CO

For one person, living is cheaper in Toronto: $2,530 a month against $2,990 in Colorado Springs, CO, rent and utilities included – about $5,500 less a year. Other living expenses account for most of the difference.

125

Cost of Living Index in Toronto
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Toronto Living Index
145

Cost of Living Index in Colorado Springs, CO
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Colorado Springs, CO Living Index

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Toronto

🇨🇦 Canada

$2,530

/mo nomad

Colorado Springs, CO

🇺🇸 United States

$2,990

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Colorado Springs, CO

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 Colorado Springs, CO actually costs, broken down by who's living it.

Monthly costs for one person with rent: $2,530 in Toronto versus $2,990 in Colorado Springs, CO.

Toronto $2,530
Colorado Springs, CO $2,990

Estimated couple costs with rent: $3,646 in Toronto versus $4,361 in Colorado Springs, CO.

Toronto $3,646
Colorado Springs, CO $4,361

Monthly costs for a family of three with rent: $4,761 in Toronto versus $5,733 in Colorado Springs, CO.

Toronto $4,761
Colorado Springs, CO $5,733

Living in Toronto costs roughly 15% less than in Colorado Springs, CO, and outside of rent the biggest gap is in utilities.

Both cities are pricier than the global median: Toronto 89% above, Colorado Springs, CO 123% above.

Meal at Budget Restaurant

$17.67 CA$25.13

$19.68 $19.68

-10.21%

Three-Course Dinner for Two, Mid-Range

$77.4 CA$110

$83.9 $83.9

-7.79%

Fast Food Meal (McDonalds, etc)

$10.47 CA$14.90

$13.09 $13.09

-20.02%

Cappuccino

$4.08 CA$5.80

$5.49 $5.49

-25.68%

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

$2.12 CA$3.01

$2.69 $2.69

-21.19%

Water (0.33 liter bottle)

$1.76 CA$2.50

$2.29 $2.29

-23.14%

Local Beer (0.5 liter draught)

$6.17 CA$8.78

$5.93 $5.93

4.05%

Imported Beer (0.33 liter bottle)

$6.89 CA$9.80

$7.15 $7.15

-3.64%

Milk (1 liter)

$2.43 CA$3.46

$0.97 $0.97

150.52%

White Bread (500g)

$2.75 CA$3.91

$3.16 $3.16

-12.97%

Rice (white) (1kg)

$2.23 CA$3.17

$4.29 $4.29

-48.02%

Eggs

$3.45 CA$4.90

$6.06 $6.06

-43.07%

Local Cheese (1kg)

$8.93 CA$12.71

$14.95 $14.95

-40.27%

Chicken Fillets (1kg)

$11.44 CA$16.27

$13.71 $13.71

-16.56%

Beef Round Steak (1kg)

$14.61 CA$20.78

$19.73 $19.73

-25.95%

Apples (1kg)

$3.75 CA$5.33

$5.55 $5.55

-32.43%

Banana (1kg)

$1.15 CA$1.63

$1.41 $1.41

-18.44%

Oranges (1kg)

$3.55 CA$5.05

$4.56 $4.56

-22.15%

Tomato (1kg)

$4.28 CA$6.09

$4.60 $4.60

-6.96%

Potato (1kg)

$1.85 CA$2.62

$2.48 $2.48

-25.40%

Onion (1kg)

$1.67 CA$2.37

$2.61 $2.61

-36.02%

Lettuce (1 head)

$2.22 CA$3.15

$2.31 $2.31

-3.90%

Water (1.5 liter bottle)

$1.21 CA$1.72

$1.91 $1.91

-36.65%

Cigarettes 20 Pack (Marlboro, Camel)

$13.88 CA$19.74

$10.70 $10.70

29.72%

Wine (Bottle)

$14.25 CA$20.27

$19.07 $19.07

-25.28%

Local Beer (0.5 liter bottle)

$2.20 CA$3.12

$3.27 $3.27

-32.72%

Imported Beer (0.33 liter bottle)

$2.42 CA$3.44

$4.71 $4.71

-48.62%

One-way Ticket (Public Transport)

$2.42 CA$3.44

$1.71 $1.71

41.52%

Public Transport Monthly Pass (Regular Price)

$111 CA$158

$61.8 $61.8

79.10%

Taxi Start (Normal Tariff)

$2.90 CA$4.12

$3.74 $3.74

-22.46%

Taxi (Normal Tariff) (1km)

$1.26 CA$1.79

$1.41 $1.41

-10.64%

Taxi 1hour Waiting (Normal Tariff)

$22.03 CA$31.33

$25.02 $25.02

-11.95%

Gasoline (1 liter)

$1.22 CA$1.74

$1.01 $1.01

20.79%

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

$27.6K CA$39.3K

$24.6K $24.6K

12.43%

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

$19.8K CA$28.2K

$24.9K $24.9K

-20.35%

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

$122 CA$173

$198 $198

-38.33%

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

$32.03 CA$45.56

$94.4 $94.4

-66.08%

Internet (50+ Mbps, Unlimited Data)

$47.92 CA$68.2

$101 $101

-52.67%

Gym Membership (Monthly)

$38.90 CA$55.3

$58.3 $58.3

-33.23%

Tennis Court (1 Hour on Weekend)

$23.24 CA$33.05

$34.02 $34.02

-31.69%

Cinema Ticket

$12.61 CA$17.94

$14.78 $14.78

-14.68%

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

$834 CA$1,186

$1,475 $1,475

-43.46%

International Primary School, 1 Child (Yearly)

$23.3K CA$33.2K

$24.2K $24.2K

-3.37%

Jeans (Levis 501 Or Similar)

$52.6 CA$74.8

$58.4 $58.4

-9.95%

Summer Dress (H&M, Zara, etc)

$40.26 CA$57.3

$35.60 $35.60

13.09%

Sport Shoes (Adidas, Nike)

$96.2 CA$137

$83.1 $83.1

15.72%

Men's Leather Business Shoes

$123 CA$175

$103 $103

19.49%

1-bedroom Apartment, City Center (Monthly)

$1,598 CA$2,273

$1,725 $1,725

-7.38%

1-bedroom Apartment, Outside City Center (Monthly)

$1,435 CA$2,041

$1,543 $1,543

-7.00%

3-bedroom Apartment, City Center (Monthly)

$2,657 CA$3,779

$2,689 $2,689

-1.18%

3-bedroom Apartment, Outside City Center (Monthly)

$2,096 CA$2,981

$2,441 $2,441

-14.14%

Buy Apartment in City Center (m2)

$8,033 CA$11.4K

$2,559 $2,559

213.94%

Buy Apartment Outside City Center (m2)

$6,557 CA$9,327

$2,484 $2,484

164.01%

Average Monthly Net Salary (After Tax)

$3,743 CA$5,324

$4,309 $4,309

-13.13%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.47

6.72

-33.48%

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

Last update for Toronto: October 4, 2026

Last update for Colorado Springs, CO: October 4, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 55.4%

Colorado Springs, CO

$1.5K 51.5% 7.5% $108

Groceries & Markets

Toronto

$340 13.1%

Colorado Springs, CO

$441 14.7% 29.8% $101

Eating Out

Toronto

$282 10.9%

Colorado Springs, CO

$326 10.9% 15.8% $45

Monthly Utilities & Internet

Toronto

$202 7.8%

Colorado Springs, CO

$393 13.1% 94.9% $191

Clothing & Footwear

Toronto

$140 5.4%

Colorado Springs, CO

$126 4.2% 10.2% $14

Getting Around

Toronto

$130 5%

Colorado Springs, CO

$79 2.7% 38.7% $50

Sport & Entertainment

Toronto

$64 2.5%

Colorado Springs, CO

$88 2.9% 37% $24

Cost Breakdown

A one-bedroom apartment in the center runs $1,598 in Toronto and $1,725 in Colorado Springs, CO. Housing cost is often the main lever when comparing two cities.

Colorado Springs, CO pays 15% more on average. The extra income cushions the higher costs, though housing choices and lifestyle decide how much of the gap is truly closed.

Dining out: $77.0 in Toronto vs $84.0 in Colorado Springs, CO for a mid-range dinner for two. Groceries echo the gap at $340 vs $441 per month, with Toronto cheaper across the board.

Good to know

🇨🇦 Toronto

🇺🇸 Colorado Springs, CO

🕒 Local time

05:00 5:00 AM

03:00 3:00 AM

2 h behind Toronto

🌤 Weather

👥 Population

2,731,571

478,961

💱 Currency

Canadian Dollar CAD $

United States Dollar USD $

📈 Exchange rate

1 CAD = 0.703 USD

1 CAD = 0.627 EUR

1 USD = 0.892 EUR

Exchange rates and currency converter

USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of October 10, 2026: 1 USD = 1.42 CAD (1 CAD = 0.703 USD). 1 EUR = 1.6 CAD (1 CAD = 0.627 EUR).

United States Dollar exchange rates as of October 10, 2026: 1 EUR = 1.12 USD (1 USD = 0.892 EUR).

USD to CAD in detail →

On the map

Lowest

Highest

Between locations

Toronto Colorado Springs, CO 2,180 km ≈ 3 h 15 min nonstop flight

From you

Toronto
Colorado Springs, CO

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 Colorado Springs, CO: Cost of Living - Frequently Asked Questions

Toronto is cheaper overall, especially in groceries, eating out, and utilities. The 18% gap adds up to real monthly savings that compound significantly over time.

On paper, salaries run 15% lower in Colorado Springs, CO. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $1,598 in Toronto versus $1,725 in Colorado Springs, CO. Housing is usually the single largest factor when comparing overall living costs between the two.

Supermarket bills run roughly 30% higher in Colorado Springs, CO. For households that cook at home regularly, that difference adds up over a month.

Dining out is cheaper in Toronto – a meal for two runs $77.0 versus $84.0 in Colorado Springs, CO. If you eat out regularly, this makes a real dent in your monthly spending.

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.

Both cities offer a good standard of living with different trade-offs. Neither is objectively better – the right pick depends on what matters most: affordability, career, cultural scene, or climate.

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

Expats usually find Toronto gentler on the wallet – expenses run 18% less than in Colorado Springs, CO. Beyond cost, consider language, visa policies, and how big the international community is in each city.