Cost of Living Comparison Between Toronto and London Cost of Living Comparison Between Toronto and London

Monthly Cost of Living

Monthly costs for one person with rent: $2,756 in Toronto versus $2,456 in London.

Estimated couple costs with rent: $4,075 in Toronto versus $3,523 in London.

Monthly costs for a family of three with rent: $5,395 in Toronto versus $4,590 in London.

Living in Toronto is roughly 12% more expensive than London, driven mainly by Groceries & Markets.

Both cities are pricier than the global median: Toronto 107% above, London 84% above.

Meal at Budget Restaurant

$18.70 CA$26.17

$18.40 CA$25.75

1.63%

Three-Course Dinner for Two, Mid-Range

$83.8 CA$117

$73.0 CA$102

14.72%

Fast Food Meal (McDonalds, etc)

$11.09 CA$15.53

$10.33 CA$14.45

7.36%

Cappuccino

$3.83 CA$5.36

$3.58 CA$5.01

6.98%

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

$2.20 CA$3.08

$1.98 CA$2.77

11.11%

Water (0.33 liter bottle)

$1.68 CA$2.35

$1.96 CA$2.74

-14.29%

Local Beer (0.5 liter draught)

$5.75 CA$8.05

$5.95 CA$8.33

-3.36%

Imported Beer (0.33 liter bottle)

$6.79 CA$9.50

$6.65 CA$9.30

2.11%

Milk (1 liter)

$2.73 CA$3.82

$1.61 CA$2.25

69.57%

White Bread (500g)

$2.86 CA$4.00

$2.35 CA$3.29

21.70%

Rice (white) (1kg)

$3.64 CA$5.10

$3.34 CA$4.67

8.98%

Eggs

$3.48 CA$4.87

$3.38 CA$4.73

2.96%

Local Cheese (1kg)

$13.37 CA$18.71

$9.87 CA$13.81

35.46%

Chicken Fillets (1kg)

$13.01 CA$18.21

$12.53 CA$17.54

3.83%

Beef Round Steak (1kg)

$16.86 CA$23.59

$9.43 CA$13.20

78.79%

Apples (1kg)

$4.04 CA$5.65

$4.58 CA$6.41

-11.79%

Banana (1kg)

$1.14 CA$1.59

$1.37 CA$1.92

-16.79%

Oranges (1kg)

$3.25 CA$4.55

$3.56 CA$4.98

-8.71%

Tomato (1kg)

$4.12 CA$5.77

$3.82 CA$5.34

7.85%

Potato (1kg)

$2.42 CA$3.38

$1.63 CA$2.28

48.47%

Onion (1kg)

$2.88 CA$4.03

$2.07 CA$2.89

39.13%

Lettuce (1 head)

$2.46 CA$3.45

$2.11 CA$2.95

16.59%

Water (1.5 liter bottle)

$2.00 CA$2.79

$1.50 CA$2.09

33.33%

Cigarettes 20 Pack (Marlboro, Camel)

$14.50 CA$20.29

$12.62 CA$17.67

14.90%

Wine (Bottle)

$13.86 CA$19.39

$12.84 CA$17.97

7.94%

Local Beer (0.5 liter bottle)

$2.75 CA$3.85

$2.15 CA$3.00

27.91%

Imported Beer (0.33 liter bottle)

$3.18 CA$4.45

$2.61 CA$3.66

21.84%

One-way Ticket (Public Transport)

$2.53 CA$3.54

$2.32 CA$3.25

9.05%

Public Transport Monthly Pass (Regular Price)

$115 CA$160

$81.0 CA$113

41.47%

Taxi Start (Normal Tariff)

$3.79 CA$5.30

$4.11 CA$5.75

-7.79%

Taxi (Normal Tariff) (1km)

$1.34 CA$1.87

$1.71 CA$2.40

-21.64%

Taxi 1hour Waiting (Normal Tariff)

$25.72 CA$35.99

$31.02 CA$43.42

-17.09%

Gasoline (1 liter)

$1.10 CA$1.55

$1.14 CA$1.60

-3.51%

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

$25.2K CA$35.3K

$25.0K CA$35.0K

0.95%

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

$21.4K CA$29.9K

$20.4K CA$28.6K

4.69%

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

$116 CA$163

$141 CA$198

-17.78%

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

$38.09 CA$53.3

$48.13 CA$67.4

-20.86%

Internet (50+ Mbps, Unlimited Data)

$54.8 CA$76.7

$58.3 CA$81.6

-5.99%

Gym Membership (Monthly)

$57.3 CA$80.1

$42.17 CA$59.0

35.78%

Tennis Court (1 Hour on Weekend)

$20.43 CA$28.60

$7.30 CA$10.22

179.86%

Cinema Ticket

$11.97 CA$16.75

$10.92 CA$15.29

9.62%

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

$1,111 CA$1,556

$544 CA$761

104.37%

International Primary School, 1 Child (Yearly)

$18.2K CA$25.4K

$14.2K CA$19.9K

27.50%

Jeans (Levis 501 Or Similar)

$58.6 CA$82.0

$54.0 CA$75.6

8.54%

Summer Dress (H&M, Zara, etc)

$39.90 CA$55.8

$46.00 CA$64.4

-13.26%

Sport Shoes (Adidas, Nike)

$88.9 CA$124

$86.7 CA$121

2.50%

Men's Leather Business Shoes

$114 CA$159

$82.8 CA$116

37.50%

1-bedroom Apartment, City Center (Monthly)

$1,787 CA$2,502

$1,468 CA$2,054

21.77%

1-bedroom Apartment, Outside City Center (Monthly)

$1,533 CA$2,146

$1,264 CA$1,769

21.27%

3-bedroom Apartment, City Center (Monthly)

$2,938 CA$4,113

$2,661 CA$3,724

10.44%

3-bedroom Apartment, Outside City Center (Monthly)

$2,468 CA$3,454

$2,009 CA$2,812

22.85%

Buy Apartment in City Center (m2)

$9,003 CA$12.6K

$3,489 CA$4,883

158.06%

Buy Apartment Outside City Center (m2)

$6,997 CA$9,793

$3,717 CA$5,202

88.26%

Average Monthly Net Salary (After Tax)

$3,444 CA$4,821

$2,998 CA$4,197

14.88%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.16

6.21

-16.91%

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

Last update for Toronto: June 15, 2026

Last update for London: June 15, 2026

Cost Breakdown

A one-bedroom apartment in the center runs $1,787 in Toronto and $1,468 in London. Housing cost is often the main lever when comparing two cities.

Toronto pays 15% 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: $84.0 in Toronto vs $73.0 in London for a mid-range dinner for two. Groceries echo the gap at $395 vs $328 per month, with London cheaper across the board.

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 London: Cost of Living - Frequently Asked Questions

London is cheaper overall, especially in Groceries & Markets, Eating Out, Clothing & Footwear, Getting Around, Sport & Entertainment. The 12% gap adds up to real monthly savings that compound significantly over time.

Toronto pays 15% more on average, 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: $1,787 in Toronto versus $1,468 in London. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $2,756 per month in Toronto versus $2,456 in London – a 12% gap that adds up to real savings over time for anyone picking the cheaper option.

A monthly transit pass in London runs roughly 41% less than in Toronto. Both cities have functional networks, but the price difference matters if you're watching your budget.

At $2,456 in London versus $2,756 in Toronto, a $2,500 budget is realistic in London but tight or insufficient in Toronto. The gap between the two cities makes London the clear choice for anyone on this budget.

For families, London 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 London 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 London gentler on the wallet – expenses run 12% less than in Toronto. Beyond cost, consider language, visa policies, and how big the international community is in each city.