Last update: Nov 2026

Cost of Living Comparison Between Toronto and Hope

For one person, living is cheaper in Hope: $2,310 a month against $2,599 in Toronto, rent and utilities included – about $3,500 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
110

Cost of Living Index in Hope
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Hope Living Index

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Toronto

🇨🇦 Canada

$2,599

/mo nomad

Hope

🇨🇦 Canada

$2,310

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Hope

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

A single person spends $2,599 per month in Toronto vs $2,310 in Hope, rent included.

Toronto $2,599
Hope $2,310

A couple spends around $3,700 per month in Toronto vs $3,265 in Hope, rent included.

Toronto $3,700
Hope $3,265

A family of three spends $4,801 per month in Toronto vs $4,220 in Hope, rent included.

Toronto $4,801
Hope $4,220

Toronto costs about 13% more than Hope, and outside of rent the biggest gap is in transport.

Both Toronto and Hope sit above the global median – Toronto by 92%, Hope by 71%.

Meal at Budget Restaurant

$17.98 CA$25.08

$14.23 CA$19.85

26.35%

Three-Course Dinner for Two, Mid-Range

$72.3 CA$101

$49.46 CA$69.0

46.10%

Fast Food Meal (McDonalds, etc)

$10.83 CA$15.11

$9.35 CA$13.04

15.83%

Cappuccino

$4.34 CA$6.06

$4.55 CA$6.35

-4.62%

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

$2.16 CA$3.01

$1.47 CA$2.06

46.94%

Water (0.33 liter bottle)

$1.66 CA$2.31

$1.78 CA$2.49

-6.74%

Local Beer (0.5 liter draught)

$6.35 CA$8.86

$4.53 CA$6.32

40.18%

Imported Beer (0.33 liter bottle)

$7.34 CA$10.24

$5.81 CA$8.10

26.33%

Milk (1 liter)

$2.57 CA$3.58

$2.33 CA$3.25

10.30%

White Bread (500g)

$2.71 CA$3.78

$2.80 CA$3.90

-3.21%

Rice (white) (1kg)

$2.28 CA$3.18

$3.58 CA$5.00

-36.31%

Eggs

$3.60 CA$5.03

$3.17 CA$4.42

13.56%

Local Cheese (1kg)

$8.94 CA$12.48

$13.89 CA$19.37

-35.64%

Chicken Fillets (1kg)

$11.19 CA$15.61

$13.72 CA$19.14

-18.44%

Beef Round Steak (1kg)

$15.23 CA$21.24

$24.98 CA$34.86

-39.03%

Apples (1kg)

$3.74 CA$5.23

$4.33 CA$6.04

-13.63%

Banana (1kg)

$1.23 CA$1.71

$1.31 CA$1.83

-6.11%

Oranges (1kg)

$3.58 CA$4.99

$4.39 CA$6.12

-18.45%

Tomato (1kg)

$4.25 CA$5.93

$4.54 CA$6.33

-6.39%

Potato (1kg)

$1.94 CA$2.71

$2.82 CA$3.94

-31.21%

Onion (1kg)

$1.67 CA$2.33

$3.70 CA$5.16

-54.86%

Lettuce (1 head)

$2.30 CA$3.21

$2.75 CA$3.84

-16.36%

Water (1.5 liter bottle)

$1.26 CA$1.76

$2.13 CA$2.97

-40.85%

Cigarettes 20 Pack (Marlboro, Camel)

$14.19 CA$19.81

$14.26 CA$19.89

-0.49%

Wine (Bottle)

$14.25 CA$19.88

$13.65 CA$19.04

4.40%

Local Beer (0.5 liter bottle)

$2.28 CA$3.18

$2.11 CA$2.94

8.06%

Imported Beer (0.33 liter bottle)

$2.58 CA$3.60

$2.45 CA$3.42

5.31%

One-way Ticket (Public Transport)

$2.35 CA$3.28

$2.27 CA$3.17

3.52%

Public Transport Monthly Pass (Regular Price)

$111 CA$155

$63.2 CA$88.1

75.71%

Taxi Start (Normal Tariff)

$3.01 CA$4.20

$2.91 CA$4.06

3.44%

Taxi (Normal Tariff) (1km)

$1.22 CA$1.71

$1.52 CA$2.13

-19.74%

Taxi 1hour Waiting (Normal Tariff)

$21.82 CA$30.45

$26.62 CA$37.14

-18.03%

Gasoline (1 liter)

$1.23 CA$1.72

$1.30 CA$1.81

-5.38%

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

$27.0K CA$37.6K

$27.8K CA$38.7K

-2.89%

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

$21.8K CA$30.5K

$20.7K CA$28.8K

5.66%

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

$121 CA$169

$127 CA$177

-4.65%

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

$33.10 CA$46.19

$44.87 CA$62.6

-26.23%

Internet (50+ Mbps, Unlimited Data)

$49.09 CA$68.5

$53.5 CA$74.6

-8.16%

Gym Membership (Monthly)

$36.65 CA$51.1

$37.54 CA$52.4

-2.37%

Tennis Court (1 Hour on Weekend)

$25.01 CA$34.90

$18.38 CA$25.64

36.07%

Cinema Ticket

$12.78 CA$17.83

$14.38 CA$20.06

-11.13%

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

$754 CA$1,053

$657 CA$917

14.77%

International Primary School, 1 Child (Yearly)

$33.7K CA$47.0K

$13.4K CA$18.7K

151.79%

Jeans (Levis 501 Or Similar)

$50.4 CA$70.3

$52.5 CA$73.3

-4.04%

Summer Dress (H&M, Zara, etc)

$41.43 CA$57.8

$45.90 CA$64.1

-9.74%

Sport Shoes (Adidas, Nike)

$101 CA$141

$70.4 CA$98.2

43.83%

Men's Leather Business Shoes

$130 CA$182

$71.0 CA$99.1

83.42%

1-bedroom Apartment, City Center (Monthly)

$1,590 CA$2,218

$1,270 CA$1,772

25.18%

1-bedroom Apartment, Outside City Center (Monthly)

$1,424 CA$1,987

$1,156 CA$1,612

23.25%

3-bedroom Apartment, City Center (Monthly)

$2,641 CA$3,685

$1,999 CA$2,789

32.15%

3-bedroom Apartment, Outside City Center (Monthly)

$2,090 CA$2,916

$1,656 CA$2,310

26.24%

Buy Apartment in City Center (m2)

$7,730 CA$10.8K

$4,366 CA$6,091

77.06%

Buy Apartment Outside City Center (m2)

$6,892 CA$9,616

$3,619 CA$5,049

90.45%

Average Monthly Net Salary (After Tax)

$3,623 CA$5,055

$2,991 CA$4,173

21.12%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.45

4.76

-6.51%

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

Last update for Toronto: November 2, 2026

Last update for Hope: November 3, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 54.8%

Hope

$1.2K 50% 18.9% $269

Groceries & Markets

Toronto

$345 13.3%

Hope

$428 18.6% 24.2% $83

Eating Out

Toronto

$290 11.2%

Hope

$244 10.6% 16% $46

Monthly Utilities & Internet

Toronto

$203 7.8%

Hope

$225 9.7% 10.8% $22

Clothing & Footwear

Toronto

$145 5.6%

Hope

$108 4.7% 25.8% $38

Getting Around

Toronto

$130 5%

Hope

$83 3.6% 36.1% $47

Sport & Entertainment

Toronto

$62 2.4%

Hope

$66 2.9% 6.6% $4.1

Cost Breakdown

A central one-bedroom costs $1,590 in Toronto versus $1,270 in Hope. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 21% higher in Toronto. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $72 in Toronto versus $49 in Hope. Groceries tell a different story – $345 in Toronto vs $428 in Hope – so Toronto wins on supermarket bills even if dining out costs more.

Good to know

🇨🇦 Toronto

🇨🇦 Hope

🕒 Local time

10:21 10:21 AM

08:21 8:21 AM

2 h behind Toronto

🌤 Weather

👥 Population

2,731,571

6,200

💱 Currency

Canadian Dollar CAD $

📈 Exchange rate

1 CAD = 0.717 USD

1 CAD = 0.64 EUR

1 CAD = 0.717 USD

1 CAD = 0.64 EUR

Exchange rates and currency converter

On the map

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Highest

Between locations

Toronto Hope 3,240 km ≈ 4 h 30 min nonstop flight

From you

Toronto
Hope

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 Hope: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $2,599 in Toronto, $2,310 in Hope – Hope comes out roughly 11% cheaper. Outside of rent, the biggest gap is in transport.

For a comfortable life, plan on about $3,899 per month in Toronto and $3,464 in Hope. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Hope, especially for central apartments: a one-bedroom in the center costs $1,270 there versus $1,590 in Toronto.

A mid-range dinner for two costs $72 in Toronto and $49 in Hope. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

Monthly expenses with rent come to $2,599 in Toronto and $2,310 in Hope. That makes Hope about 11% cheaper.

$3,000 covers both cities comfortably – all-in costs are $2,599 in Toronto and $2,310 in Hope, leaving budget for savings and extras in both cases.

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

If budget matters most, go with Hope. If higher salaries or specific career opportunities are the priority, Toronto makes more sense. Both are solid long-term options with distinct trade-offs.