Last update: Oct 2026

Cost of Living Comparison Between Toronto and Elliot Lake, ON

For one person, living is cheaper in Elliot Lake, ON: $2,324 a month against $2,610 in Toronto, rent and utilities included – about $3,400 less a year. Rent and utilities account for most of the difference.

126

Cost of Living Index in Toronto
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Toronto Living Index
109

Cost of Living Index in Elliot Lake, ON
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Elliot Lake, ON Living Index

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Toronto

🇨🇦 Canada

$2,610

/mo nomad

Elliot Lake, ON

🇨🇦 Canada

$2,324

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Elliot Lake, ON

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 Elliot Lake, ON actually costs, broken down by who's living it.

Monthly costs for one person with rent: $2,610 in Toronto versus $2,324 in Elliot Lake, ON.

Toronto $2,610
Elliot Lake, ON $2,324

Estimated couple costs with rent: $3,727 in Toronto versus $3,241 in Elliot Lake, ON.

Toronto $3,727
Elliot Lake, ON $3,241

Monthly costs for a family of three with rent: $4,844 in Toronto versus $4,158 in Elliot Lake, ON.

Toronto $4,844
Elliot Lake, ON $4,158

Living in Toronto is roughly 12% more expensive than in Elliot Lake, ON, and outside of rent the biggest gap is in transport.

Both cities are pricier than the global median: Toronto 93% above, Elliot Lake, ON 72% above.

Meal at Budget Restaurant

$17.59 CA$24.87

$17.76 CA$25.11

-0.96%

Three-Course Dinner for Two, Mid-Range

$78.8 CA$111

$64.8 CA$91.7

21.56%

Fast Food Meal (McDonalds, etc)

$10.73 CA$15.16

$10.57 CA$14.94

1.51%

Cappuccino

$4.09 CA$5.78

$3.70 CA$5.23

10.54%

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

$2.10 CA$2.97

$1.98 CA$2.80

6.06%

Water (0.33 liter bottle)

$1.72 CA$2.43

$1.62 CA$2.29

6.17%

Local Beer (0.5 liter draught)

$6.36 CA$8.99

$5.21 CA$7.36

22.07%

Imported Beer (0.33 liter bottle)

$7.08 CA$10.01

$5.65 CA$7.98

25.31%

Milk (1 liter)

$2.54 CA$3.59

$2.30 CA$3.25

10.43%

White Bread (500g)

$2.72 CA$3.85

$2.55 CA$3.60

6.67%

Rice (white) (1kg)

$2.18 CA$3.09

$3.04 CA$4.30

-28.29%

Eggs

$3.63 CA$5.13

$3.17 CA$4.48

14.51%

Local Cheese (1kg)

$9.46 CA$13.37

$10.28 CA$14.53

-7.98%

Chicken Fillets (1kg)

$11.54 CA$16.32

$12.93 CA$18.28

-10.75%

Beef Round Steak (1kg)

$14.37 CA$20.32

$16.33 CA$23.08

-12.00%

Apples (1kg)

$3.70 CA$5.23

$3.87 CA$5.47

-4.39%

Banana (1kg)

$1.19 CA$1.68

$1.26 CA$1.78

-5.56%

Oranges (1kg)

$3.46 CA$4.90

$3.51 CA$4.97

-1.42%

Tomato (1kg)

$4.22 CA$5.97

$3.92 CA$5.54

7.65%

Potato (1kg)

$1.79 CA$2.52

$2.73 CA$3.86

-34.43%

Onion (1kg)

$1.65 CA$2.33

$1.99 CA$2.81

-17.09%

Lettuce (1 head)

$2.20 CA$3.11

$2.43 CA$3.43

-9.47%

Water (1.5 liter bottle)

$1.26 CA$1.78

$1.79 CA$2.53

-29.61%

Cigarettes 20 Pack (Marlboro, Camel)

$13.97 CA$19.75

$14.18 CA$20.04

-1.48%

Wine (Bottle)

$14.20 CA$20.07

$12.80 CA$18.10

10.94%

Local Beer (0.5 liter bottle)

$2.25 CA$3.18

$2.42 CA$3.42

-7.02%

Imported Beer (0.33 liter bottle)

$2.53 CA$3.58

$2.91 CA$4.12

-13.06%

One-way Ticket (Public Transport)

$2.32 CA$3.28

$2.25 CA$3.18

3.11%

Public Transport Monthly Pass (Regular Price)

$112 CA$158

$64.7 CA$91.4

72.67%

Taxi Start (Normal Tariff)

$3.06 CA$4.33

$2.95 CA$4.17

3.73%

Taxi (Normal Tariff) (1km)

$1.22 CA$1.72

$1.40 CA$1.98

-12.86%

Taxi 1hour Waiting (Normal Tariff)

$21.69 CA$30.66

$23.73 CA$33.55

-8.60%

Gasoline (1 liter)

$1.21 CA$1.72

$1.07 CA$1.52

13.08%

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

$26.1K CA$37.0K

$25.8K CA$36.4K

1.39%

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

$21.1K CA$29.9K

$23.2K CA$32.8K

-9.03%

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

$120 CA$169

$150 CA$212

-20.39%

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

$32.21 CA$45.54

$32.88 CA$46.48

-2.04%

Internet (50+ Mbps, Unlimited Data)

$48.88 CA$69.1

$55.6 CA$78.6

-12.05%

Gym Membership (Monthly)

$39.34 CA$55.6

$44.30 CA$62.6

-11.20%

Tennis Court (1 Hour on Weekend)

$23.58 CA$33.34

$20.25 CA$28.63

16.44%

Cinema Ticket

$12.58 CA$17.79

$10.01 CA$14.15

25.67%

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

$832 CA$1,176

$628 CA$887

32.54%

International Primary School, 1 Child (Yearly)

$23.6K CA$33.4K

$11.6K CA$16.4K

103.86%

Jeans (Levis 501 Or Similar)

$52.3 CA$73.9

$56.7 CA$80.2

-7.81%

Summer Dress (H&M, Zara, etc)

$39.44 CA$55.8

$40.46 CA$57.2

-2.52%

Sport Shoes (Adidas, Nike)

$99.0 CA$140

$92.9 CA$131

6.61%

Men's Leather Business Shoes

$122 CA$172

$107 CA$151

13.90%

1-bedroom Apartment, City Center (Monthly)

$1,631 CA$2,306

$1,394 CA$1,971

17.04%

1-bedroom Apartment, Outside City Center (Monthly)

$1,448 CA$2,048

$1,169 CA$1,652

23.91%

3-bedroom Apartment, City Center (Monthly)

$2,737 CA$3,869

$2,224 CA$3,145

23.04%

3-bedroom Apartment, Outside City Center (Monthly)

$2,129 CA$3,010

$1,560 CA$2,206

36.46%

Buy Apartment in City Center (m2)

$8,206 CA$11.6K

$4,250 CA$6,009

93.07%

Buy Apartment Outside City Center (m2)

$6,838 CA$9,666

$3,892 CA$5,502

75.70%

Average Monthly Net Salary (After Tax)

$3,520 CA$4,976

20-Year Fixed Mortgage Interest Rate (Annual %)

4.47

4.67

-4.28%

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

Last update for Toronto: October 18, 2026

Last update for Elliot Lake, ON: October 18, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 55.5%

Elliot Lake, ON

$1.2K 50.3% 19.3% $279

Groceries & Markets

Toronto

$343 13.1%

Elliot Lake, ON

$365 15.7% 6.5% $22

Eating Out

Toronto

$283 10.9%

Elliot Lake, ON

$270 11.6% 4.7% $13

Monthly Utilities & Internet

Toronto

$201 7.7%

Elliot Lake, ON

$239 10.3% 18.9% $38

Clothing & Footwear

Toronto

$141 5.4%

Elliot Lake, ON

$134 5.8% 5% $7

Getting Around

Toronto

$130 5%

Elliot Lake, ON

$84 3.6% 35.7% $46

Sport & Entertainment

Toronto

$65 2.5%

Elliot Lake, ON

$64 2.8% 0.3% $0.2

Cost Breakdown

A one-bedroom apartment in the center runs $1,631 in Toronto and $1,394 in Elliot Lake, ON. Housing cost is often the main lever when comparing two cities.

Dining out: $79.0 in Toronto vs $65.0 in Elliot Lake, ON. Groceries flip the comparison at $343 vs $365, with Toronto cheaper for home cooking.

Good to know

🇨🇦 Toronto

🇨🇦 Elliot Lake, ON

🕒 Local time

10:21 10:21 AM

Same time as Toronto

🌤 Weather

👥 Population

2,731,571

10,741

💱 Currency

Canadian Dollar CAD $

📈 Exchange rate

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

Exchange rates and currency converter

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Toronto Elliot Lake, ON 400 km

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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 Elliot Lake, ON: Cost of Living - Frequently Asked Questions

Elliot Lake, ON is cheaper overall, especially in eating out, clothing, and transport. The 12% gap adds up to real monthly savings that compound significantly over time.

You'd need roughly $3,916 in Toronto and $3,487 in Elliot Lake, ON to live well. The gap comes down to housing and overall price levels. Both cities are liveable on less, but these numbers represent actual comfort.

Rent for a central apartment: $1,631 in Toronto versus $1,394 in Elliot Lake, ON. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $2,610 per month in Toronto versus $2,324 in Elliot Lake, ON – a 12% gap that adds up to real savings over time for anyone picking the cheaper option.

A monthly transit pass in Elliot Lake, ON runs roughly 73% less than in Toronto. Both cities have functional networks, but the price difference matters if you're watching your budget.

At $2,324 in Elliot Lake, ON versus $2,610 in Toronto, a $2,500 budget is realistic in Elliot Lake, ON but tight or insufficient in Toronto. The gap between the two cities makes Elliot Lake, ON the clear choice for anyone on this budget.

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.

Expats usually find Elliot Lake, ON gentler on the wallet – expenses run 12% less than in Toronto. Beyond cost, consider language, visa policies, and how big the international community is in each city.