Last update: Oct 2026

Cost of Living Comparison Between Toronto and Homagama

For one person, living is cheaper in Homagama: $487 a month against $2,561 in Toronto, rent and utilities included – about $24,900 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
24

Cost of Living Index in Homagama
Learn more

Homagama Living Index

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Toronto

🇨🇦 Canada

$2,561

/mo nomad

Homagama

🇱🇰 Sri Lanka

$487

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Homagama

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

Monthly costs for one person with rent: $2,561 in Toronto versus $487 in Homagama.

Toronto $2,561
Homagama $487

Estimated couple costs with rent: $3,694 in Toronto versus $744 in Homagama.

Toronto $3,694
Homagama $744

Monthly costs for a family of three with rent: $4,826 in Toronto versus $1,000 in Homagama.

Toronto $4,826
Homagama $1,000

Living in Toronto is roughly 426% more expensive than in Homagama, and outside of rent the biggest gap is in eating out.

The two cities straddle the global median: Toronto is 90% above, Homagama is 64% below.

Meal at Budget Restaurant

$17.18 CA$24.29

$4.36 LKR 1,444

294.04%

Three-Course Dinner for Two, Mid-Range

$76.0 CA$107

$24.11 LKR 7,985

215.10%

Fast Food Meal (McDonalds, etc)

$10.54 CA$14.89

$7.76 LKR 2,572

35.82%

Cappuccino

$4.02 CA$5.68

$2.42 LKR 801

66.12%

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

$2.12 CA$3.00

$0.71 LKR 236

198.59%

Water (0.33 liter bottle)

$1.75 CA$2.48

$0.25 LKR 82.1

600.00%

Local Beer (0.5 liter draught)

$6.24 CA$8.83

$2.27 LKR 752

174.89%

Imported Beer (0.33 liter bottle)

$7.09 CA$10.02

$3.09 LKR 1,023

129.45%

Milk (1 liter)

$2.44 CA$3.45

$0.88 LKR 291

177.27%

White Bread (500g)

$2.68 CA$3.78

$0.56 LKR 187

378.57%

Rice (white) (1kg)

$2.24 CA$3.17

$0.52 LKR 172

330.77%

Eggs

$3.56 CA$5.03

$1.60 LKR 530

122.50%

Local Cheese (1kg)

$9.09 CA$12.85

$13.94 LKR 4,619

-34.79%

Chicken Fillets (1kg)

$11.33 CA$16.01

$3.33 LKR 1,103

240.24%

Beef Round Steak (1kg)

$14.53 CA$20.55

$7.32 LKR 2,425

98.50%

Apples (1kg)

$3.62 CA$5.12

$6.65 LKR 2,202

-45.56%

Banana (1kg)

$1.21 CA$1.72

$0.78 LKR 259

55.13%

Oranges (1kg)

$3.60 CA$5.09

$4.44 LKR 1,470

-18.92%

Tomato (1kg)

$4.21 CA$5.96

$1.22 LKR 406

245.08%

Potato (1kg)

$1.79 CA$2.53

$1.02 LKR 339

75.49%

Onion (1kg)

$1.59 CA$2.25

$0.74 LKR 246

114.86%

Lettuce (1 head)

$2.27 CA$3.21

$0.93 LKR 307

144.09%

Water (1.5 liter bottle)

$1.25 CA$1.77

$0.44 LKR 145

184.09%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 CA$19.53

$10.15 LKR 3,363

36.16%

Wine (Bottle)

$14.27 CA$20.18

$12.30 LKR 4,074

16.02%

Local Beer (0.5 liter bottle)

$2.20 CA$3.10

$1.83 LKR 606

20.22%

Imported Beer (0.33 liter bottle)

$2.43 CA$3.44

$2.17 LKR 720

11.98%

One-way Ticket (Public Transport)

$2.39 CA$3.38

$0.47 LKR 154

408.51%

Public Transport Monthly Pass (Regular Price)

$111 CA$157

Taxi Start (Normal Tariff)

$2.91 CA$4.12

$0.35 LKR 115

731.43%

Taxi (Normal Tariff) (1km)

$1.20 CA$1.69

$0.35 LKR 115

242.86%

Taxi 1hour Waiting (Normal Tariff)

$21.38 CA$30.23

$0.87 LKR 288

2357.47%

Gasoline (1 liter)

$1.21 CA$1.71

$1.13 LKR 375

7.08%

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

$28.2K CA$39.8K

$13.8K LKR 4.6M

103.57%

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

$20.3K CA$28.6K

$21.2K LKR 7.0M

-4.29%

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

$120 CA$170

$20.90 LKR 6,922

475.84%

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

$32.26 CA$45.60

$3.10 LKR 1,027

940.65%

Internet (50+ Mbps, Unlimited Data)

$47.93 CA$67.8

$20.63 LKR 6,833

132.33%

Gym Membership (Monthly)

$38.48 CA$54.4

$7.48 LKR 2,477

414.44%

Tennis Court (1 Hour on Weekend)

$22.96 CA$32.46

Cinema Ticket

$12.38 CA$17.50

$4.46 LKR 1,478

177.58%

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

$830 CA$1,173

$37.86 LKR 12.5K

2092.16%

International Primary School, 1 Child (Yearly)

$23.1K CA$32.6K

$1,189 LKR 393.8K

1842.20%

Jeans (Levis 501 Or Similar)

$50.7 CA$71.7

$17.98 LKR 5,954

182.04%

Summer Dress (H&M, Zara, etc)

$40.02 CA$56.6

$12.20 LKR 4,041

228.03%

Sport Shoes (Adidas, Nike)

$98.0 CA$139

$24.40 LKR 8,082

301.52%

Men's Leather Business Shoes

$121 CA$171

$27.53 LKR 9,117

338.25%

1-bedroom Apartment, City Center (Monthly)

$1,592 CA$2,251

$136 LKR 45.1K

1069.55%

1-bedroom Apartment, Outside City Center (Monthly)

$1,410 CA$1,994

$60.0 LKR 19.9K

2252.54%

3-bedroom Apartment, City Center (Monthly)

$2,670 CA$3,775

3-bedroom Apartment, Outside City Center (Monthly)

$2,152 CA$3,042

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

$150 LKR 49.6K

2386.37%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.47

12.69

-64.78%

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

Last update for Toronto: October 12, 2026

Last update for Homagama: October 10, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 55.1%

Homagama

$60 12.3% 95.7% $1.4K

Groceries & Markets

Toronto

$340 13.3%

Homagama

$217 44.5% 36.2% $123

Eating Out

Toronto

$278 10.9%

Homagama

$109 22.3% 61% $170

Monthly Utilities & Internet

Toronto

$201 7.8%

Homagama

$45 9.2% 77.7% $156

Clothing & Footwear

Toronto

$139 5.4%

Homagama

$37 7.6% 73.5% $102

Getting Around

Toronto

$129 5.1%

Homagama

$4 * 0.8% 96.9% $125

Sport & Entertainment

Toronto

$63 2.5%

Homagama

$16 3.4% 74.1% $47

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

Cost Breakdown

A one-bedroom apartment in the center runs $1,592 in Toronto and $136 in Homagama. Housing cost is often the main lever when comparing two cities.

Toronto pays 2386% 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: $76.0 in Toronto vs $24.00 in Homagama for a mid-range dinner for two. Groceries echo the gap at $340 vs $217 per month, with Homagama cheaper across the board.

Good to know

🇨🇦 Toronto

🇱🇰 Homagama

🕒 Local time

06:40 6:40 AM

16:10 4:10 PM

9 h 30 min ahead of Toronto

🌤 Weather

👥 Population

2,731,571

25,000

💱 Currency

Canadian Dollar CAD $

Sri Lankan Rupee LKR Rs

📈 Exchange rate

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

1,000 LKR = 3.02 USD

1,000 LKR = 2.69 EUR

Exchange rates and currency converter

LKR, USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of October 18, 2026: 1 USD = 1.41 CAD (1 CAD = 0.707 USD). 1 EUR = 1.59 CAD (1 CAD = 0.629 EUR).

Sri Lankan Rupee exchange rates as of October 18, 2026: 1 USD = 331 LKR (1,000 LKR = 3.02 USD). 1 EUR = 372 LKR (1,000 LKR = 2.69 EUR).

USD to CAD in detail →

On the map

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Between locations

Toronto Homagama 14,030 km ≈ 18 h nonstop flight

From you

Toronto
Homagama

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 Homagama: Cost of Living - Frequently Asked Questions

Homagama is cheaper overall, especially in groceries, eating out, and clothing. The 426% gap adds up to real monthly savings that compound significantly over time.

Average pay runs 2386% higher in Toronto, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $1,592 in Toronto versus $136 in Homagama. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $830 in Toronto versus $37.86 in Homagama. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Dining out is cheaper in Homagama – a meal for two runs $24.00 versus $76.0 in Toronto. If you eat out regularly, this makes a real dent in your monthly spending.

At $487 in Homagama versus $2,561 in Toronto, a $1,500 budget is realistic in Homagama but tight or insufficient in Toronto. The gap between the two cities makes Homagama the clear choice for anyone on this budget.

For families, Homagama is more practical. Housing and childcare are both notably cheaper than in Toronto, and the savings on those two alone free up budget for education, activities, and family trips.

Safety-wise, Toronto and Homagama 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 Homagama gentler on the wallet – expenses run 426% less than in Toronto. Beyond cost, consider language, visa policies, and how big the international community is in each city.