Last update: Oct 2026

Cost of Living Comparison Between Toronto and Lakewood, WA

For one person, living is cheaper in Toronto: $2,610 a month against $3,284 in Lakewood, WA, rent and utilities included – about $8,100 less a year. Rent and utilities account for most of the difference.

126

Cost of Living Index in Toronto
Learn more

Toronto Living Index
158

Cost of Living Index in Lakewood, WA
Learn more

Lakewood, WA Living Index

Jump to prices

Toronto

🇨🇦 Canada

$2,610

/mo nomad

Lakewood, WA

🇺🇸 United States

$3,284

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Lakewood, WA

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

Monthly costs for one person with rent: $2,610 in Toronto versus $3,284 in Lakewood, WA.

Toronto $2,610
Lakewood, WA $3,284

Estimated couple costs with rent: $3,727 in Toronto versus $4,777 in Lakewood, WA.

Toronto $3,727
Lakewood, WA $4,777

Monthly costs for a family of three with rent: $4,844 in Toronto versus $6,270 in Lakewood, WA.

Toronto $4,844
Lakewood, WA $6,270

Living in Toronto costs roughly 21% less than in Lakewood, WA, and outside of rent the biggest gap is in utilities.

Both cities are pricier than the global median: Toronto 93% above, Lakewood, WA 142% above.

Meal at Budget Restaurant

$17.59 CA$24.87

$18.09 $18.09

-2.76%

Three-Course Dinner for Two, Mid-Range

$78.8 CA$111

$67.6 $67.6

16.58%

Fast Food Meal (McDonalds, etc)

$10.73 CA$15.16

$12.71 $12.71

-15.58%

Cappuccino

$4.09 CA$5.78

$5.20 $5.20

-21.35%

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

$2.10 CA$2.97

$2.98 $2.98

-29.53%

Water (0.33 liter bottle)

$1.72 CA$2.43

$2.05 $2.05

-16.10%

Local Beer (0.5 liter draught)

$6.36 CA$8.99

$3.90 $3.90

63.08%

Imported Beer (0.33 liter bottle)

$7.08 CA$10.01

$6.10 $6.10

16.07%

Milk (1 liter)

$2.54 CA$3.59

$1.02 $1.02

149.02%

White Bread (500g)

$2.72 CA$3.85

$3.68 $3.68

-26.09%

Rice (white) (1kg)

$2.18 CA$3.09

$4.24 $4.24

-48.58%

Eggs

$3.63 CA$5.13

$3.92 $3.92

-7.40%

Local Cheese (1kg)

$9.46 CA$13.37

$13.72 $13.72

-31.05%

Chicken Fillets (1kg)

$11.54 CA$16.32

$8.69 $8.69

32.80%

Beef Round Steak (1kg)

$14.37 CA$20.32

$11.21 $11.21

28.19%

Apples (1kg)

$3.70 CA$5.23

$4.38 $4.38

-15.53%

Banana (1kg)

$1.19 CA$1.68

$1.94 $1.94

-38.66%

Oranges (1kg)

$3.46 CA$4.90

$4.16 $4.16

-16.83%

Tomato (1kg)

$4.22 CA$5.97

$4.52 $4.52

-6.64%

Potato (1kg)

$1.79 CA$2.52

$1.97 $1.97

-9.14%

Onion (1kg)

$1.65 CA$2.33

$2.15 $2.15

-23.26%

Lettuce (1 head)

$2.20 CA$3.11

$2.02 $2.02

8.91%

Water (1.5 liter bottle)

$1.26 CA$1.78

$2.49 $2.49

-49.40%

Cigarettes 20 Pack (Marlboro, Camel)

$13.97 CA$19.75

$12.36 $12.36

13.03%

Wine (Bottle)

$14.20 CA$20.07

$15.84 $15.84

-10.35%

Local Beer (0.5 liter bottle)

$2.25 CA$3.18

$1.98 $1.98

13.64%

Imported Beer (0.33 liter bottle)

$2.53 CA$3.58

$4.15 $4.15

-39.04%

One-way Ticket (Public Transport)

$2.32 CA$3.28

$2.04 $2.04

13.73%

Public Transport Monthly Pass (Regular Price)

$112 CA$158

$197 $197

-43.26%

Taxi Start (Normal Tariff)

$3.06 CA$4.33

$2.02 $2.02

51.49%

Taxi (Normal Tariff) (1km)

$1.22 CA$1.72

$0.64 $0.64

90.62%

Taxi 1hour Waiting (Normal Tariff)

$21.69 CA$30.66

$27.31 $27.31

-20.58%

Gasoline (1 liter)

$1.21 CA$1.72

$1.34 $1.34

-9.70%

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

$26.1K CA$37.0K

$28.1K $28.1K

-6.97%

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

$21.1K CA$29.9K

$26.3K $26.3K

-19.70%

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

$120 CA$169

$289 $289

-58.57%

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

$32.21 CA$45.54

$74.0 $74.0

-56.47%

Internet (50+ Mbps, Unlimited Data)

$48.88 CA$69.1

$89.5 $89.5

-45.39%

Gym Membership (Monthly)

$39.34 CA$55.6

$41.00 $41.00

-4.05%

Tennis Court (1 Hour on Weekend)

$23.58 CA$33.34

$24.97 $24.97

-5.57%

Cinema Ticket

$12.58 CA$17.79

$18.08 $18.08

-30.42%

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

$832 CA$1,176

$1,965 $1,965

-57.67%

International Primary School, 1 Child (Yearly)

$23.6K CA$33.4K

$25.7K $25.7K

-8.00%

Jeans (Levis 501 Or Similar)

$52.3 CA$73.9

$50.1 $50.1

4.37%

Summer Dress (H&M, Zara, etc)

$39.44 CA$55.8

$38.11 $38.11

3.49%

Sport Shoes (Adidas, Nike)

$99.0 CA$140

$100 $100

-1.13%

Men's Leather Business Shoes

$122 CA$172

$136 $136

-10.42%

1-bedroom Apartment, City Center (Monthly)

$1,631 CA$2,306

$1,961 $1,961

-16.80%

1-bedroom Apartment, Outside City Center (Monthly)

$1,448 CA$2,048

$1,733 $1,733

-16.42%

3-bedroom Apartment, City Center (Monthly)

$2,737 CA$3,869

$3,365 $3,365

-18.66%

3-bedroom Apartment, Outside City Center (Monthly)

$2,129 CA$3,010

$3,047 $3,047

-30.12%

Buy Apartment in City Center (m2)

$8,206 CA$11.6K

$2,359 $2,359

247.93%

Buy Apartment Outside City Center (m2)

$6,838 CA$9,666

$2,606 $2,606

162.39%

Average Monthly Net Salary (After Tax)

$3,520 CA$4,976

20-Year Fixed Mortgage Interest Rate (Annual %)

4.47

6.81

-34.36%

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

Last update for Toronto: October 18, 2026

Last update for Lakewood, WA: October 19, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 55.5%

Lakewood, WA

$1.7K 52.8% 19.6% $285

Groceries & Markets

Toronto

$343 13.1%

Lakewood, WA

$369 11.2% 7.5% $26

Eating Out

Toronto

$283 10.9%

Lakewood, WA

$297 9.1% 4.9% $14

Monthly Utilities & Internet

Toronto

$201 7.7%

Lakewood, WA

$452 13.8% 125% $252

Clothing & Footwear

Toronto

$141 5.4%

Lakewood, WA

$146 4.5% 3.8% $5.3

Getting Around

Toronto

$130 5%

Lakewood, WA

$210 6.4% 61.6% $80

Sport & Entertainment

Toronto

$65 2.5%

Lakewood, WA

$77 2.4% 19.6% $13

Cost Breakdown

A one-bedroom apartment in the center runs $1,631 in Toronto and $1,961 in Lakewood, WA. Housing cost is often the main lever when comparing two cities.

Dining out: $79.0 in Toronto vs $68.0 in Lakewood, WA. Groceries flip the comparison at $343 vs $369, with Toronto cheaper for home cooking.

Good to know

🇨🇦 Toronto

🇺🇸 Lakewood, WA

🕒 Local time

10:49 10:49 AM

07:49 7:49 AM

3 h behind Toronto

🌤 Weather

👥 Population

2,731,571

140,024

💱 Currency

Canadian Dollar CAD $

United States Dollar USD $

📈 Exchange rate

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

1 USD = 0.89 EUR

Exchange rates and currency converter

USD, EUR to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of October 22, 2026: 1 USD = 1.41 CAD (1 CAD = 0.707 USD). 1 EUR = 1.59 CAD (1 CAD = 0.629 EUR).

United States Dollar exchange rates as of October 22, 2026: 1 EUR = 1.12 USD (1 USD = 0.89 EUR).

USD to CAD in detail →

On the map

Lowest

Highest

Between locations

Toronto Lakewood, WA 3,350 km ≈ 4 h 45 min nonstop flight

From you

Toronto
Lakewood, WA

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 Lakewood, WA: Cost of Living - Frequently Asked Questions

Toronto and Lakewood, WA differ by about 26% in total monthly costs ($2,610 vs $3,284 including rent). Toronto is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

You'd need roughly $3,916 in Toronto and $4,926 in Lakewood, WA 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 $1,961 in Lakewood, WA. Housing is usually the single largest factor when comparing overall living costs between the two.

Dining out is cheaper in Toronto – a meal for two runs $79.0 versus $68.0 in Lakewood, WA. If you eat out regularly, this makes a real dent in your monthly spending.

All in, you'll spend $2,610 per month in Toronto versus $3,284 in Lakewood, WA – a 26% gap that adds up to real savings over time for anyone picking the cheaper option.

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 Lakewood, WA 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 26% less than in Lakewood, WA. Beyond cost, consider language, visa policies, and how big the international community is in each city.