Last update: Oct 2026

Cost of Living Comparison Between Toronto and George Town

For one person, living is cheaper in Toronto: $2,530 a month against $4,862 in George Town, rent and utilities included – about $28,000 less a year. Rent and utilities account for most of the difference.

125

Cost of Living Index in Toronto
Learn more

Toronto Living Index
237

Cost of Living Index in George Town
Learn more

George Town Living Index

Jump to prices

Toronto

🇨🇦 Canada

$2,530

/mo nomad

George Town

🇰🇾 Cayman Islands

$4,862

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in George Town

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

Monthly costs for one person with rent: $2,530 in Toronto versus $4,862 in George Town.

Toronto $2,530
George Town $4,862

Estimated couple costs with rent: $3,646 in Toronto versus $7,338 in George Town.

Toronto $3,646
George Town $7,338

Monthly costs for a family of three with rent: $4,761 in Toronto versus $9,814 in George Town.

Toronto $4,761
George Town $9,814

Living in Toronto costs roughly 48% less than in George Town, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Toronto 89% above, George Town 263% above.

Meal at Budget Restaurant

$17.67 CA$25.19

$30.59 KYD 25.09

-42.24%

Three-Course Dinner for Two, Mid-Range

$77.4 CA$110

$116 KYD 94.7

-33.01%

Fast Food Meal (McDonalds, etc)

$10.47 CA$14.93

$16.82 KYD 13.79

-37.75%

Cappuccino

$4.08 CA$5.81

$7.14 KYD 5.86

-42.86%

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

$2.12 CA$3.02

$3.06 KYD 2.51

-30.72%

Water (0.33 liter bottle)

$1.76 CA$2.51

$2.84 KYD 2.33

-38.03%

Local Beer (0.5 liter draught)

$6.17 CA$8.80

$7.11 KYD 5.83

-13.22%

Imported Beer (0.33 liter bottle)

$6.89 CA$9.82

$9.74 KYD 7.99

-29.26%

Milk (1 liter)

$2.43 CA$3.46

$4.70 KYD 3.85

-48.30%

White Bread (500g)

$2.75 CA$3.92

$4.13 KYD 3.38

-33.41%

Rice (white) (1kg)

$2.23 CA$3.18

$4.41 KYD 3.62

-49.43%

Eggs

$3.45 CA$4.91

$7.21 KYD 5.91

-52.15%

Local Cheese (1kg)

$8.93 CA$12.73

$56.9 KYD 46.64

-84.30%

Chicken Fillets (1kg)

$11.44 CA$16.31

$19.04 KYD 15.62

-39.92%

Beef Round Steak (1kg)

$14.61 CA$20.83

$19.67 KYD 16.13

-25.72%

Apples (1kg)

$3.75 CA$5.34

$7.55 KYD 6.19

-50.33%

Banana (1kg)

$1.15 CA$1.64

$3.63 KYD 2.98

-68.32%

Oranges (1kg)

$3.55 CA$5.06

$6.19 KYD 5.07

-42.65%

Tomato (1kg)

$4.28 CA$6.10

$7.91 KYD 6.49

-45.89%

Potato (1kg)

$1.85 CA$2.63

$4.12 KYD 3.38

-55.10%

Onion (1kg)

$1.67 CA$2.38

$4.07 KYD 3.34

-58.97%

Lettuce (1 head)

$2.22 CA$3.16

$3.19 KYD 2.62

-30.41%

Water (1.5 liter bottle)

$1.21 CA$1.72

$2.26 KYD 1.86

-46.46%

Cigarettes 20 Pack (Marlboro, Camel)

$13.88 CA$19.78

$14.16 KYD 11.61

-1.98%

Wine (Bottle)

$14.25 CA$20.31

$25.66 KYD 21.04

-44.47%

Local Beer (0.5 liter bottle)

$2.20 CA$3.13

$4.29 KYD 3.52

-48.72%

Imported Beer (0.33 liter bottle)

$2.42 CA$3.45

$5.45 KYD 4.47

-55.60%

One-way Ticket (Public Transport)

$2.42 CA$3.44

$2.38 KYD 1.95

1.68%

Public Transport Monthly Pass (Regular Price)

$111 CA$158

$79.8 KYD 65.5

38.74%

Taxi Start (Normal Tariff)

$2.90 CA$4.13

$19.15 KYD 15.70

-84.86%

Taxi (Normal Tariff) (1km)

$1.26 CA$1.80

$3.74 KYD 3.07

-66.31%

Taxi 1hour Waiting (Normal Tariff)

$22.03 CA$31.40

$44.62 KYD 36.59

-50.63%

Gasoline (1 liter)

$1.22 CA$1.74

$1.58 KYD 1.30

-22.78%

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

$27.6K CA$39.4K

$42.1K KYD 34.6K

-34.42%

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

$19.8K CA$28.3K

$42.0K KYD 34.4K

-52.81%

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

$122 CA$174

$450 KYD 369

-72.90%

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

$32.03 CA$45.66

$120 KYD 98.2

-73.24%

Internet (50+ Mbps, Unlimited Data)

$47.92 CA$68.3

$113 KYD 92.6

-57.58%

Gym Membership (Monthly)

$38.90 CA$55.5

$217 KYD 178

-82.04%

Tennis Court (1 Hour on Weekend)

$23.24 CA$33.12

$34.74 KYD 28.48

-33.10%

Cinema Ticket

$12.61 CA$17.97

$18.64 KYD 15.28

-32.35%

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

$834 CA$1,189

$1,818 KYD 1,490

-54.11%

International Primary School, 1 Child (Yearly)

$23.3K CA$33.3K

$26.5K KYD 21.7K

-11.92%

Jeans (Levis 501 Or Similar)

$52.6 CA$75.0

$87.0 KYD 71.3

-39.53%

Summer Dress (H&M, Zara, etc)

$40.26 CA$57.4

$74.1 KYD 60.8

-45.66%

Sport Shoes (Adidas, Nike)

$96.2 CA$137

$137 KYD 113

-29.98%

Men's Leather Business Shoes

$123 CA$175

$146 KYD 119

-15.54%

1-bedroom Apartment, City Center (Monthly)

$1,598 CA$2,278

$2,861 KYD 2,346

-44.14%

1-bedroom Apartment, Outside City Center (Monthly)

$1,435 CA$2,045

$2,479 KYD 2,033

-42.11%

3-bedroom Apartment, City Center (Monthly)

$2,657 CA$3,787

$5,698 KYD 4,672

-53.37%

3-bedroom Apartment, Outside City Center (Monthly)

$2,096 CA$2,988

$4,775 KYD 3,915

-56.10%

Buy Apartment in City Center (m2)

$8,033 CA$11.5K

$8,919 KYD 7,314

-9.93%

Buy Apartment Outside City Center (m2)

$6,557 CA$9,347

$2,270 KYD 1,861

188.90%

Average Monthly Net Salary (After Tax)

$3,743 CA$5,335

$7,223 KYD 5,923

-48.18%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.47

-44.13%

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

Last update for Toronto: October 4, 2026

Last update for George Town: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 55.4%

George Town

$2.5K 50.3% 72.8% $1K

Groceries & Markets

Toronto

$340 13.1%

George Town

$727 14.8% 114% $387

Eating Out

Toronto

$282 10.9%

George Town

$460 9.3% 63% $178

Monthly Utilities & Internet

Toronto

$202 7.8%

George Town

$682 13.8% 238% $481

Clothing & Footwear

Toronto

$140 5.4%

George Town

$200 4.1% 42.3% $59

Getting Around

Toronto

$130 5%

George Town

$127 2.6% 1.9% $2.4

Sport & Entertainment

Toronto

$64 2.5%

George Town

$254 5.2% 296% $190

Cost Breakdown

A one-bedroom apartment in the center runs $1,598 in Toronto and $2,861 in George Town. Housing cost is often the main lever when comparing two cities.

George Town pays 93% 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 $116 in George Town for a mid-range dinner for two. Groceries echo the gap at $340 vs $727 per month, with Toronto cheaper across the board.

Good to know

🇨🇦 Toronto

🇰🇾 George Town

🕒 Local time

06:37 6:37 AM

05:37 5:37 AM

1 h behind Toronto

🌤 Weather

👥 Population

2,731,571

28,089 Capital

💱 Currency

Canadian Dollar CAD $

Cayman Islands Dollar KYD $

📈 Exchange rate

1 CAD = 0.702 USD

1 CAD = 0.626 EUR

1 KYD = 1.22 USD

1 KYD = 1.09 EUR

Exchange rates and currency converter

KYD, USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of October 10, 2026: 1 USD = 1.43 CAD (1 CAD = 0.702 USD). 1 EUR = 1.6 CAD (1 CAD = 0.626 EUR).

Cayman Islands Dollar exchange rates as of October 10, 2026: 1 USD = 0.82 KYD (1 KYD = 1.22 USD). 1 EUR = 0.919 KYD (1 KYD = 1.09 EUR).

USD to CAD in detail →

On the map

Lowest

Highest

Between locations

Toronto George Town 2,710 km ≈ 4 h nonstop flight

From you

Toronto
George Town

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 George Town: Cost of Living - Frequently Asked Questions

Toronto and George Town differ by about 92% in total monthly costs ($2,530 vs $4,862 including rent). Toronto is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 93% lower in George Town. 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 $2,861 in George Town. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $2,530 per month in Toronto versus $4,862 in George Town – a 92% gap that adds up to real savings over time for anyone picking the cheaper option.

A monthly transit pass in Toronto runs roughly 39% less than in George Town. Both cities have functional networks, but the price difference matters if you're watching your budget.

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 George Town 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 92% less than in George Town. Beyond cost, consider language, visa policies, and how big the international community is in each city.