Last update: Oct 2026

Cost of Living Comparison Between Toronto and Lisbon

For one person, living is cheaper in Lisbon: $2,223 a month against $2,561 in Toronto, rent and utilities included – about $4,100 less a year. Rent and utilities account for about half of the difference.

125

Cost of Living Index in Toronto
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Toronto Living Index
107

Cost of Living Index in Lisbon
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Lisbon Living Index

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Toronto

🇨🇦 Canada

$2,561

/mo nomad

Lisbon

🇵🇹 Portugal

$2,223

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Lisbon

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

Monthly costs for one person with rent: $2,561 in Toronto versus $2,223 in Lisbon.

Toronto $2,561
Lisbon $2,223

Estimated couple costs with rent: $3,694 in Toronto versus $3,271 in Lisbon.

Toronto $3,694
Lisbon $3,271

Monthly costs for a family of three with rent: $4,826 in Toronto versus $4,319 in Lisbon.

Toronto $4,826
Lisbon $4,319

Living in Toronto is roughly 15% more expensive than in Lisbon, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Toronto 90% above, Lisbon 65% above.

Meal at Budget Restaurant

$17.18 CA$24.29

$16.50 €14.67

4.12%

Three-Course Dinner for Two, Mid-Range

$76.0 CA$107

$61.3 €54.5

24.03%

Fast Food Meal (McDonalds, etc)

$10.54 CA$14.89

$11.27 €10.03

-6.48%

Cappuccino

$4.02 CA$5.68

$3.06 €2.72

31.37%

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

$2.12 CA$3.00

$2.26 €2.01

-6.19%

Water (0.33 liter bottle)

$1.75 CA$2.48

$1.73 €1.54

1.16%

Local Beer (0.5 liter draught)

$6.24 CA$8.83

$3.39 €3.02

84.07%

Imported Beer (0.33 liter bottle)

$7.09 CA$10.02

$3.40 €3.02

108.53%

Milk (1 liter)

$2.44 CA$3.45

$1.12 €1.00

117.86%

White Bread (500g)

$2.68 CA$3.78

$1.86 €1.65

44.09%

Rice (white) (1kg)

$2.24 CA$3.17

$1.53 €1.36

46.41%

Eggs

$3.56 CA$5.03

$3.96 €3.53

-10.10%

Local Cheese (1kg)

$9.09 CA$12.85

$12.76 €11.35

-28.76%

Chicken Fillets (1kg)

$11.33 CA$16.01

$7.90 €7.02

43.42%

Beef Round Steak (1kg)

$14.53 CA$20.55

$16.97 €15.09

-14.38%

Apples (1kg)

$3.62 CA$5.12

$2.27 €2.02

59.47%

Banana (1kg)

$1.21 CA$1.72

$1.75 €1.55

-30.86%

Oranges (1kg)

$3.60 CA$5.09

$1.85 €1.64

94.59%

Tomato (1kg)

$4.21 CA$5.96

$2.57 €2.28

63.81%

Potato (1kg)

$1.79 CA$2.53

$1.86 €1.65

-3.76%

Onion (1kg)

$1.59 CA$2.25

$2.02 €1.80

-21.29%

Lettuce (1 head)

$2.27 CA$3.21

$1.44 €1.28

57.64%

Water (1.5 liter bottle)

$1.25 CA$1.77

$0.82 €0.73

52.44%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 CA$19.53

$6.56 €5.83

110.67%

Wine (Bottle)

$14.27 CA$20.18

$5.62 €5.00

153.91%

Local Beer (0.5 liter bottle)

$2.20 CA$3.10

$1.28 €1.14

71.88%

Imported Beer (0.33 liter bottle)

$2.43 CA$3.44

$2.07 €1.84

17.39%

One-way Ticket (Public Transport)

$2.39 CA$3.38

$2.35 €2.09

1.70%

Public Transport Monthly Pass (Regular Price)

$111 CA$157

$44.18 €39.30

151.09%

Taxi Start (Normal Tariff)

$2.91 CA$4.12

$3.99 €3.55

-27.07%

Taxi (Normal Tariff) (1km)

$1.20 CA$1.69

$1.09 €0.97

10.09%

Taxi 1hour Waiting (Normal Tariff)

$21.38 CA$30.23

$16.64 €14.81

28.49%

Gasoline (1 liter)

$1.21 CA$1.71

$2.28 €2.03

-46.93%

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

$28.2K CA$39.8K

$33.7K €30.0K

-16.34%

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

$20.3K CA$28.6K

$39.3K €35.0K

-48.45%

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

$120 CA$170

$167 €149

-28.14%

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

$32.26 CA$45.60

$18.80 €16.72

71.60%

Internet (50+ Mbps, Unlimited Data)

$47.93 CA$67.8

$33.09 €29.43

44.85%

Gym Membership (Monthly)

$38.48 CA$54.4

$46.01 €40.93

-16.37%

Tennis Court (1 Hour on Weekend)

$22.96 CA$32.46

$19.19 €17.07

19.65%

Cinema Ticket

$12.38 CA$17.50

$9.84 €8.75

25.81%

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

$830 CA$1,173

$677 €602

22.55%

International Primary School, 1 Child (Yearly)

$23.1K CA$32.6K

$16.9K €15.1K

36.46%

Jeans (Levis 501 Or Similar)

$50.7 CA$71.7

$101 €90.1

-49.91%

Summer Dress (H&M, Zara, etc)

$40.02 CA$56.6

$45.76 €40.70

-12.54%

Sport Shoes (Adidas, Nike)

$98.0 CA$139

$100.0 €88.9

-2.02%

Men's Leather Business Shoes

$121 CA$171

$123 €109

-1.73%

1-bedroom Apartment, City Center (Monthly)

$1,592 CA$2,251

$1,614 €1,436

-1.34%

1-bedroom Apartment, Outside City Center (Monthly)

$1,410 CA$1,994

$1,197 €1,065

17.82%

3-bedroom Apartment, City Center (Monthly)

$2,670 CA$3,775

$2,862 €2,545

-6.69%

3-bedroom Apartment, Outside City Center (Monthly)

$2,152 CA$3,042

$1,990 €1,770

8.11%

Buy Apartment in City Center (m2)

$7,945 CA$11.2K

$7,577 €6,740

4.86%

Buy Apartment Outside City Center (m2)

$6,542 CA$9,249

$4,307 €3,831

51.90%

Average Monthly Net Salary (After Tax)

$3,727 CA$5,269

$1,588 €1,412

134.73%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.47

3.85

16.10%

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

Last update for Toronto: October 12, 2026

Last update for Lisbon: October 11, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 55.1%

Lisbon

$1.2K 53.9% 15.1% $213

Groceries & Markets

Toronto

$340 13.3%

Lisbon

$269 12.1% 20.7% $70

Eating Out

Toronto

$278 10.9%

Lisbon

$242 10.9% 12.9% $36

Monthly Utilities & Internet

Toronto

$201 7.8%

Lisbon

$219 9.9% 9.4% $19

Clothing & Footwear

Toronto

$139 5.4%

Lisbon

$166 7.5% 19.5% $27

Getting Around

Toronto

$129 5.1%

Lisbon

$63 2.8% 51.3% $66

Sport & Entertainment

Toronto

$63 2.5%

Lisbon

$66 3% 3.9% $2.5

Cost Breakdown

A one-bedroom apartment in the center runs $1,592 in Toronto and $1,614 in Lisbon. Housing cost is often the main lever when comparing two cities.

Toronto pays 135% 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 $61.0 in Lisbon for a mid-range dinner for two. Groceries echo the gap at $340 vs $269 per month, with Lisbon cheaper across the board.

Good to know

🇨🇦 Toronto

🇵🇹 Lisbon

🕒 Local time

04:32 4:32 AM

09:32 9:32 AM

5 h ahead of Toronto

🌤 Weather

👥 Population

2,731,571

545,923 Capital

💱 Currency

Canadian Dollar CAD $

Euro EUR €

📈 Exchange rate

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

1 EUR = 1.12 USD

Exchange rates and currency converter

EUR, USD to CAD – Canadian Dollar Converter

🇺🇸 United States Dollar ($)

🇨🇦 Canadian Dollar ($)

Canadian Dollar exchange rates as of October 20, 2026: 1 USD = 1.41 CAD (1 CAD = 0.707 USD). 1 EUR = 1.59 CAD (1 CAD = 0.629 EUR).

Euro exchange rates as of October 20, 2026: 1 USD = 0.889 EUR (1 EUR = 1.12 USD).

USD to CAD in detail →

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From you

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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 Lisbon: Cost of Living - Frequently Asked Questions

Toronto and Lisbon differ by about 15% in total monthly costs ($2,561 vs $2,223 including rent). Lisbon is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

Average pay runs 135% 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 $1,614 in Lisbon. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $830 in Toronto versus $677 in Lisbon. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 26% higher in Toronto. For households that cook at home regularly, that difference adds up over a month.

At $2,223 in Lisbon versus $2,561 in Toronto, a $3,000 budget is realistic in Lisbon but tight or insufficient in Toronto. The gap between the two cities makes Lisbon 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.

Safety-wise, Toronto and Lisbon 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 Lisbon gentler on the wallet – expenses run 15% less than in Toronto. Beyond cost, consider language, visa policies, and how big the international community is in each city.