Last update: Oct 2026

Cost of Living Comparison Between Toronto and McKinney, TX

For one person, living is cheaper in Toronto: $2,561 a month against $2,789 in McKinney, TX, rent and utilities included – about $2,700 less a year. Other living expenses account for most of the difference.

125

Cost of Living Index in Toronto
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Toronto Living Index
135

Cost of Living Index in McKinney, TX
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McKinney, TX Living Index

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Toronto

🇨🇦 Canada

$2,561

/mo nomad

McKinney, TX

🇺🇸 United States

$2,789

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in McKinney, TX

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

Monthly costs for one person with rent: $2,561 in Toronto versus $2,789 in McKinney, TX.

Toronto $2,561
McKinney, TX $2,789

Estimated couple costs with rent: $3,694 in Toronto versus $3,710 in McKinney, TX.

Toronto $3,694
McKinney, TX $3,710

Monthly costs for a family of three with rent: $4,826 in Toronto versus $4,630 in McKinney, TX.

Toronto $4,826
McKinney, TX $4,630

Living in Toronto costs roughly 8% less than in McKinney, TX, and outside of rent the biggest gap is in transport.

Both cities are pricier than the global median: Toronto 90% above, McKinney, TX 107% above.

Meal at Budget Restaurant

$17.18 CA$24.29

$18.90 $18.90

-9.10%

Three-Course Dinner for Two, Mid-Range

$76.0 CA$107

$59.1 $59.1

28.57%

Fast Food Meal (McDonalds, etc)

$10.54 CA$14.89

$10.81 $10.81

-2.50%

Cappuccino

$4.02 CA$5.68

$5.05 $5.05

-20.40%

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

$2.12 CA$3.00

$2.56 $2.56

-17.19%

Water (0.33 liter bottle)

$1.75 CA$2.48

$1.79 $1.79

-2.23%

Local Beer (0.5 liter draught)

$6.24 CA$8.83

$5.86 $5.86

6.48%

Imported Beer (0.33 liter bottle)

$7.09 CA$10.02

$7.59 $7.59

-6.59%

Milk (1 liter)

$2.44 CA$3.45

$0.95 $0.95

156.84%

White Bread (500g)

$2.68 CA$3.78

$2.79 $2.79

-3.94%

Rice (white) (1kg)

$2.24 CA$3.17

$2.32 $2.32

-3.45%

Eggs

$3.56 CA$5.03

$4.09 $4.09

-12.96%

Local Cheese (1kg)

$9.09 CA$12.85

$10.16 $10.16

-10.53%

Chicken Fillets (1kg)

$11.33 CA$16.01

$15.51 $15.51

-26.95%

Beef Round Steak (1kg)

$14.53 CA$20.55

$16.84 $16.84

-13.72%

Apples (1kg)

$3.62 CA$5.12

$3.06 $3.06

18.30%

Banana (1kg)

$1.21 CA$1.72

$2.85 $2.85

-57.54%

Oranges (1kg)

$3.60 CA$5.09

$2.97 $2.97

21.21%

Tomato (1kg)

$4.21 CA$5.96

$2.63 $2.63

60.08%

Potato (1kg)

$1.79 CA$2.53

$2.18 $2.18

-17.89%

Onion (1kg)

$1.59 CA$2.25

$2.10 $2.10

-24.29%

Lettuce (1 head)

$2.27 CA$3.21

$1.72 $1.72

31.98%

Water (1.5 liter bottle)

$1.25 CA$1.77

$2.98 $2.98

-58.05%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 CA$19.53

$11.05 $11.05

25.07%

Wine (Bottle)

$14.27 CA$20.18

$11.47 $11.47

24.41%

Local Beer (0.5 liter bottle)

$2.20 CA$3.10

$1.75 $1.75

25.71%

Imported Beer (0.33 liter bottle)

$2.43 CA$3.44

$3.59 $3.59

-32.31%

One-way Ticket (Public Transport)

$2.39 CA$3.38

$3.08 $3.08

-22.40%

Public Transport Monthly Pass (Regular Price)

$111 CA$157

$189 $189

-41.25%

Taxi Start (Normal Tariff)

$2.91 CA$4.12

$2.93 $2.93

-0.68%

Taxi (Normal Tariff) (1km)

$1.20 CA$1.69

Taxi 1hour Waiting (Normal Tariff)

$21.38 CA$30.23

$14.74 $14.74

45.05%

Gasoline (1 liter)

$1.21 CA$1.71

$0.93 $0.93

30.11%

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

$28.2K CA$39.8K

$36.1K $36.1K

-21.85%

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

$20.3K CA$28.6K

$24.7K $24.7K

-18.16%

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

$120 CA$170

$200 $200

-39.96%

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

$32.26 CA$45.60

$59.4 $59.4

-45.72%

Internet (50+ Mbps, Unlimited Data)

$47.93 CA$67.8

$69.3 $69.3

-30.84%

Gym Membership (Monthly)

$38.48 CA$54.4

$30.36 $30.36

26.75%

Tennis Court (1 Hour on Weekend)

$22.96 CA$32.46

$12.81 $12.81

79.23%

Cinema Ticket

$12.38 CA$17.50

$11.85 $11.85

4.47%

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

$830 CA$1,173

$1,345 $1,345

-38.29%

International Primary School, 1 Child (Yearly)

$23.1K CA$32.6K

Jeans (Levis 501 Or Similar)

$50.7 CA$71.7

$56.5 $56.5

-10.28%

Summer Dress (H&M, Zara, etc)

$40.02 CA$56.6

$28.95 $28.95

38.24%

Sport Shoes (Adidas, Nike)

$98.0 CA$139

$87.8 $87.8

11.62%

Men's Leather Business Shoes

$121 CA$171

$59.8 $59.8

101.86%

1-bedroom Apartment, City Center (Monthly)

$1,592 CA$2,251

$1,673 $1,673

-4.84%

1-bedroom Apartment, Outside City Center (Monthly)

$1,410 CA$1,994

$1,420 $1,420

-0.64%

3-bedroom Apartment, City Center (Monthly)

$2,670 CA$3,775

$2,639 $2,639

1.18%

3-bedroom Apartment, Outside City Center (Monthly)

$2,152 CA$3,042

$1,704 $1,704

26.30%

Buy Apartment in City Center (m2)

$7,945 CA$11.2K

$2,323 $2,323

241.97%

Buy Apartment Outside City Center (m2)

$6,542 CA$9,249

$2,294 $2,294

185.18%

Average Monthly Net Salary (After Tax)

$3,727 CA$5,269

$5,805 $5,805

-35.80%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.47

6.51

-31.34%

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

Last update for Toronto: October 12, 2026

Last update for McKinney, TX: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 55.1%

McKinney, TX

$1.4K 50.9% 0.6% $9.1

Groceries & Markets

Toronto

$340 13.3%

McKinney, TX

$371 13.3% 9.2% $31

Eating Out

Toronto

$278 10.9%

McKinney, TX

$306 11% 10% $28

Monthly Utilities & Internet

Toronto

$201 7.8%

McKinney, TX

$329 11.8% 64.1% $129

Clothing & Footwear

Toronto

$139 5.4%

McKinney, TX

$105 3.8% 24.7% $34

Getting Around

Toronto

$129 5.1%

McKinney, TX

$204 * 7.3% 57.7% $75

Sport & Entertainment

Toronto

$63 2.5%

McKinney, TX

$54 1.9% 14.5% $9.2

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 $1,673 in McKinney, TX. Housing cost is often the main lever when comparing two cities.

McKinney, TX pays 56% 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 $59.0 in McKinney, TX. Groceries flip the comparison at $340 vs $371, with Toronto cheaper for home cooking.

Good to know

🇨🇦 Toronto

🇺🇸 McKinney, TX

🕒 Local time

15:43 3:43 PM

14:43 2:43 PM

1 h behind Toronto

🌤 Weather

👥 Population

2,731,571

202,690

💱 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 18, 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 18, 2026: 1 EUR = 1.12 USD (1 USD = 0.89 EUR).

USD to CAD in detail →

On the map

Lowest

Highest

Between locations

Toronto McKinney, TX 1,890 km ≈ 2 h 45 min nonstop flight

From you

Toronto
McKinney, TX

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 McKinney, TX: Cost of Living - Frequently Asked Questions

Toronto and McKinney, TX differ by about 9% in total monthly costs ($2,561 vs $2,789 including rent). Toronto is meaningfully more affordable – a gap that matters a lot on a fixed or modest income.

On paper, salaries run 56% lower in McKinney, TX. That's worth factoring in alongside costs, though remote workers earning in a stronger currency may not notice the difference at all.

Rent for a central apartment: $1,592 in Toronto versus $1,673 in McKinney, TX. Housing is usually the single largest factor when comparing overall living costs between the two.

All in, you'll spend $2,561 per month in Toronto versus $2,789 in McKinney, TX – a 9% gap that adds up to real savings over time for anyone picking the cheaper option.

A monthly transit pass in Toronto runs roughly 70% less than in McKinney, TX. Both cities have functional networks, but the price difference matters if you're watching your budget.

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.

Expats usually find Toronto gentler on the wallet – expenses run 9% less than in McKinney, TX. Beyond cost, consider language, visa policies, and how big the international community is in each city.