Last update: Oct 2026

Cost of Living Comparison Between Toronto and Concordia

For one person, living is cheaper in Concordia: $1,176 a month against $2,561 in Toronto, rent and utilities included – about $16,600 less a year. Rent and utilities account for most of the difference.

125

Cost of Living Index in Toronto
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Toronto Living Index
60

Cost of Living Index in Concordia
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Concordia Living Index

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Toronto

🇨🇦 Canada

$2,561

/mo nomad

Concordia

🇦🇷 Argentina

$1,176

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Concordia

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

A single person spends $2,561 per month in Toronto vs $1,176 in Concordia, rent included.

Toronto $2,561
Concordia $1,176

A couple spends around $3,694 per month in Toronto vs $2,057 in Concordia, rent included.

Toronto $3,694
Concordia $2,057

A family of three spends $4,826 per month in Toronto vs $2,938 in Concordia, rent included.

Toronto $4,826
Concordia $2,938

Toronto costs about 118% more than Concordia, and outside of rent the biggest gap is in transport.

Toronto sits 90% above the global median, while Concordia is 13% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$17.18 CA$24.29

$16.50 ARS 25.0K

4.12%

Three-Course Dinner for Two, Mid-Range

$76.0 CA$107

$57.9 ARS 87.8K

31.32%

Fast Food Meal (McDonalds, etc)

$10.54 CA$14.89

$14.29 ARS 21.7K

-26.24%

Cappuccino

$4.02 CA$5.68

$3.85 ARS 5,840

4.42%

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

$2.12 CA$3.00

$2.25 ARS 3,419

-5.78%

Water (0.33 liter bottle)

$1.75 CA$2.48

$1.91 ARS 2,904

-8.38%

Local Beer (0.5 liter draught)

$6.24 CA$8.83

$3.88 ARS 5,890

60.82%

Imported Beer (0.33 liter bottle)

$7.09 CA$10.02

$3.72 ARS 5,642

90.59%

Milk (1 liter)

$2.44 CA$3.45

$1.37 ARS 2,079

78.10%

White Bread (500g)

$2.68 CA$3.78

$2.03 ARS 3,080

32.02%

Rice (white) (1kg)

$2.24 CA$3.17

$2.13 ARS 3,235

5.16%

Eggs

$3.56 CA$5.03

$2.77 ARS 4,208

28.52%

Local Cheese (1kg)

$9.09 CA$12.85

$11.19 ARS 17.0K

-18.77%

Chicken Fillets (1kg)

$11.33 CA$16.01

$7.47 ARS 11.3K

51.67%

Beef Round Steak (1kg)

$14.53 CA$20.55

$12.42 ARS 18.8K

16.99%

Apples (1kg)

$3.62 CA$5.12

$2.13 ARS 3,232

69.95%

Banana (1kg)

$1.21 CA$1.72

$2.02 ARS 3,062

-40.10%

Oranges (1kg)

$3.60 CA$5.09

$1.63 ARS 2,469

120.86%

Tomato (1kg)

$4.21 CA$5.96

$2.63 ARS 3,995

60.08%

Potato (1kg)

$1.79 CA$2.53

$0.94 ARS 1,433

90.43%

Onion (1kg)

$1.59 CA$2.25

$0.90 ARS 1,362

76.67%

Lettuce (1 head)

$2.27 CA$3.21

Water (1.5 liter bottle)

$1.25 CA$1.77

$1.65 ARS 2,506

-24.24%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 CA$19.53

$3.76 ARS 5,705

267.55%

Wine (Bottle)

$14.27 CA$20.18

$5.03 ARS 7,635

183.70%

Local Beer (0.5 liter bottle)

$2.20 CA$3.10

$1.99 ARS 3,016

10.55%

Imported Beer (0.33 liter bottle)

$2.43 CA$3.44

$3.23 ARS 4,902

-24.77%

One-way Ticket (Public Transport)

$2.39 CA$3.38

$0.91 ARS 1,386

162.64%

Public Transport Monthly Pass (Regular Price)

$111 CA$157

Taxi Start (Normal Tariff)

$2.91 CA$4.12

$1.57 ARS 2,379

85.35%

Taxi (Normal Tariff) (1km)

$1.20 CA$1.69

Taxi 1hour Waiting (Normal Tariff)

$21.38 CA$30.23

Gasoline (1 liter)

$1.21 CA$1.71

$1.25 ARS 1,890

-3.20%

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

$28.2K CA$39.8K

$27.6K ARS 41.9M

2.02%

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

$20.3K CA$28.6K

$32.5K ARS 49.3M

-37.62%

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

$120 CA$170

$129 ARS 195.6K

-6.63%

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

$32.26 CA$45.60

$15.93 ARS 24.2K

102.51%

Internet (50+ Mbps, Unlimited Data)

$47.93 CA$67.8

$24.12 ARS 36.6K

98.71%

Gym Membership (Monthly)

$38.48 CA$54.4

$28.64 ARS 43.5K

34.36%

Tennis Court (1 Hour on Weekend)

$22.96 CA$32.46

Cinema Ticket

$12.38 CA$17.50

$8.01 ARS 12.2K

54.56%

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

$830 CA$1,173

$300 ARS 455.7K

176.36%

International Primary School, 1 Child (Yearly)

$23.1K CA$32.6K

Jeans (Levis 501 Or Similar)

$50.7 CA$71.7

$106 ARS 160.3K

-52.00%

Summer Dress (H&M, Zara, etc)

$40.02 CA$56.6

Sport Shoes (Adidas, Nike)

$98.0 CA$139

$114 ARS 172.6K

-13.88%

Men's Leather Business Shoes

$121 CA$171

$126 ARS 190.9K

-4.07%

1-bedroom Apartment, City Center (Monthly)

$1,592 CA$2,251

$526 ARS 797.8K

202.84%

1-bedroom Apartment, Outside City Center (Monthly)

$1,410 CA$1,994

$282 ARS 428.6K

399.40%

3-bedroom Apartment, City Center (Monthly)

$2,670 CA$3,775

$966 ARS 1.5M

176.34%

3-bedroom Apartment, Outside City Center (Monthly)

$2,152 CA$3,042

$894 ARS 1.4M

140.65%

Buy Apartment in City Center (m2)

$7,945 CA$11.2K

Buy Apartment Outside City Center (m2)

$6,542 CA$9,249

Average Monthly Net Salary (After Tax)

$3,727 CA$5,269

20-Year Fixed Mortgage Interest Rate (Annual %)

4.47

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

Last update for Toronto: October 12, 2026

Last update for Concordia: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 55.1%

Concordia

$282 24% 80% $1.1K

Groceries & Markets

Toronto

$340 13.3%

Concordia

$255 * 21.7% 24.9% $85

Eating Out

Toronto

$278 10.9%

Concordia

$265 22.5% 4.9% $14

Monthly Utilities & Internet

Toronto

$201 7.8%

Concordia

$169 14.4% 15.8% $32

Clothing & Footwear

Toronto

$139 5.4%

Concordia

$155 * 13.2% 11.6% $16

Getting Around

Toronto

$129 5.1%

Concordia

$5.2 * 0.4% 96% $124

Sport & Entertainment

Toronto

$63 2.5%

Concordia

$45 3.8% 29.4% $19

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $1,592 in Toronto versus $526 in Concordia. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $76.0 in Toronto versus $58.0 in Concordia. Monthly groceries follow the same trend: $340 vs $255 – making Concordia the more affordable choice for daily food spending.

Good to know

🇨🇦 Toronto

🇦🇷 Concordia

🕒 Local time

14:08 2:08 PM

15:08 3:08 PM

1 h ahead of Toronto

🌤 Weather

👥 Population

2,731,571

149,450

💱 Currency

Canadian Dollar CAD $

Argentine Peso ARS $

📈 Exchange rate

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

10,000 ARS = 6.59 USD

10,000 ARS = 5.86 EUR

Exchange rates and currency converter

ARS, USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of October 19, 2026: 1 USD = 1.41 CAD (1 CAD = 0.707 USD). 1 EUR = 1.59 CAD (1 CAD = 0.629 EUR).

Argentine Peso exchange rates as of October 19, 2026: 1 USD = 1,517 ARS (10,000 ARS = 6.59 USD). 1 EUR = 1,706 ARS (10,000 ARS = 5.86 EUR).

USD to CAD in detail →

On the map

Lowest

Highest

Between locations

Toronto Concordia 8,620 km ≈ 11 h nonstop flight

From you

Toronto
Concordia

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 Concordia: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $2,561 in Toronto, $1,176 in Concordia – roughly 118% apart. Outside of rent, the biggest gap is in transport.

For a comfortable life, plan on about $3,841 per month in Toronto and $1,764 in Concordia. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Concordia, 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 $2,561 in Toronto and $1,176 in Concordia. That's a gap of about 118%.

Kindergarten costs $830 per month in Toronto and $300 in Concordia. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,000 monthly budget goes further in Concordia, where all-in costs run around $1,176, than in Toronto at $2,561. In Concordia it covers expenses comfortably, while in Toronto it requires careful planning or may not stretch far enough.

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

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Concordia. 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.