Last update: Oct 2026

Cost of Living Comparison Between Toronto and Memphis, TN

For one person, living costs are similar in Toronto and in Memphis, TN: $2,530 and $2,484 a month, rent and utilities included.

125

Cost of Living Index in Toronto
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Toronto Living Index
121

Cost of Living Index in Memphis, TN
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Memphis, TN Living Index

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Toronto

🇨🇦 Canada

$2,530

/mo nomad

Memphis, TN

🇺🇸 United States

$2,484

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Memphis, TN

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

A single person spends $2,530 per month in Toronto vs $2,484 in Memphis, TN, rent included.

Toronto $2,530
Memphis, TN $2,484

A couple spends around $3,646 per month in Toronto vs $3,630 in Memphis, TN, rent included.

Toronto $3,646
Memphis, TN $3,630

A family of three spends $4,761 per month in Toronto vs $4,775 in Memphis, TN, rent included.

Toronto $4,761
Memphis, TN $4,775

Toronto costs about 2% more than Memphis, TN, and outside of rent the biggest gap is in utilities.

Both Toronto and Memphis, TN sit above the global median – Toronto by 89%, Memphis, TN by 85%.

Meal at Budget Restaurant

$17.67 CA$25.19

$17.83 $17.83

-0.90%

Three-Course Dinner for Two, Mid-Range

$77.4 CA$110

$74.9 $74.9

3.32%

Fast Food Meal (McDonalds, etc)

$10.47 CA$14.93

$12.10 $12.10

-13.47%

Cappuccino

$4.08 CA$5.81

$5.56 $5.56

-26.62%

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

$2.12 CA$3.02

$2.39 $2.39

-11.30%

Water (0.33 liter bottle)

$1.76 CA$2.51

$1.97 $1.97

-10.66%

Local Beer (0.5 liter draught)

$6.17 CA$8.80

$7.18 $7.18

-14.07%

Imported Beer (0.33 liter bottle)

$6.89 CA$9.82

$8.23 $8.23

-16.28%

Milk (1 liter)

$2.43 CA$3.46

$0.90 $0.90

170.00%

White Bread (500g)

$2.75 CA$3.92

$3.14 $3.14

-12.42%

Rice (white) (1kg)

$2.23 CA$3.18

$4.01 $4.01

-44.39%

Eggs

$3.45 CA$4.91

$3.78 $3.78

-8.73%

Local Cheese (1kg)

$8.93 CA$12.73

$13.45 $13.45

-33.61%

Chicken Fillets (1kg)

$11.44 CA$16.31

$11.36 $11.36

0.70%

Beef Round Steak (1kg)

$14.61 CA$20.83

$19.44 $19.44

-24.85%

Apples (1kg)

$3.75 CA$5.34

$5.73 $5.73

-34.55%

Banana (1kg)

$1.15 CA$1.64

$1.77 $1.77

-35.03%

Oranges (1kg)

$3.55 CA$5.06

$6.00 $6.00

-40.83%

Tomato (1kg)

$4.28 CA$6.10

$4.83 $4.83

-11.39%

Potato (1kg)

$1.85 CA$2.63

$3.22 $3.22

-42.55%

Onion (1kg)

$1.67 CA$2.38

$4.18 $4.18

-60.05%

Lettuce (1 head)

$2.22 CA$3.16

$2.56 $2.56

-13.28%

Water (1.5 liter bottle)

$1.21 CA$1.72

$2.13 $2.13

-43.19%

Cigarettes 20 Pack (Marlboro, Camel)

$13.88 CA$19.78

$10.63 $10.63

30.57%

Wine (Bottle)

$14.25 CA$20.31

$12.87 $12.87

10.72%

Local Beer (0.5 liter bottle)

$2.20 CA$3.13

$1.79 $1.79

22.91%

Imported Beer (0.33 liter bottle)

$2.42 CA$3.45

$1.64 $1.64

47.56%

One-way Ticket (Public Transport)

$2.42 CA$3.44

$0.97 $0.97

149.48%

Public Transport Monthly Pass (Regular Price)

$111 CA$158

$39.19 $39.19

182.57%

Taxi Start (Normal Tariff)

$2.90 CA$4.13

$1.94 $1.94

49.48%

Taxi (Normal Tariff) (1km)

$1.26 CA$1.80

$1.41 $1.41

-10.64%

Taxi 1hour Waiting (Normal Tariff)

$22.03 CA$31.40

$19.61 $19.61

12.34%

Gasoline (1 liter)

$1.22 CA$1.74

$0.99 $0.99

23.23%

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

$27.6K CA$39.4K

$37.4K $37.4K

-26.19%

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

$19.8K CA$28.3K

$26.8K $26.8K

-26.03%

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

$122 CA$174

$186 $186

-34.51%

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

$32.03 CA$45.66

$86.8 $86.8

-63.08%

Internet (50+ Mbps, Unlimited Data)

$47.92 CA$68.3

$76.2 $76.2

-37.13%

Gym Membership (Monthly)

$38.90 CA$55.5

$31.38 $31.38

23.96%

Tennis Court (1 Hour on Weekend)

$23.24 CA$33.12

$16.72 $16.72

39.00%

Cinema Ticket

$12.61 CA$17.97

$15.15 $15.15

-16.77%

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

$834 CA$1,189

$1,722 $1,722

-51.57%

International Primary School, 1 Child (Yearly)

$23.3K CA$33.3K

$25.0K $25.0K

-6.61%

Jeans (Levis 501 Or Similar)

$52.6 CA$75.0

$47.26 $47.26

11.30%

Summer Dress (H&M, Zara, etc)

$40.26 CA$57.4

$33.34 $33.34

20.76%

Sport Shoes (Adidas, Nike)

$96.2 CA$137

$82.7 $82.7

16.38%

Men's Leather Business Shoes

$123 CA$175

$152 $152

-19.26%

1-bedroom Apartment, City Center (Monthly)

$1,598 CA$2,278

$1,495 $1,495

6.92%

1-bedroom Apartment, Outside City Center (Monthly)

$1,435 CA$2,045

$1,157 $1,157

23.98%

3-bedroom Apartment, City Center (Monthly)

$2,657 CA$3,787

$2,080 $2,080

27.71%

3-bedroom Apartment, Outside City Center (Monthly)

$2,096 CA$2,988

$1,884 $1,884

11.27%

Buy Apartment in City Center (m2)

$8,033 CA$11.5K

$1,781 $1,781

350.91%

Buy Apartment Outside City Center (m2)

$6,557 CA$9,347

$1,364 $1,364

380.92%

Average Monthly Net Salary (After Tax)

$3,743 CA$5,335

$3,648 $3,648

2.60%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.47

6.6

-32.27%

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

Last update for Toronto: October 4, 2026

Last update for Memphis, TN: October 6, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 55.4%

Memphis, TN

$1.2K 46.6% 19.3% $278

Groceries & Markets

Toronto

$340 13.1%

Memphis, TN

$406 16.4% 19.4% $66

Eating Out

Toronto

$282 10.9%

Memphis, TN

$316 12.7% 11.9% $34

Monthly Utilities & Internet

Toronto

$202 7.8%

Memphis, TN

$349 14.1% 73% $147

Clothing & Footwear

Toronto

$140 5.4%

Memphis, TN

$142 5.7% 1.1% $1.6

Getting Around

Toronto

$130 5%

Memphis, TN

$52 2.1% 59.8% $78

Sport & Entertainment

Toronto

$64 2.5%

Memphis, TN

$62 2.5% 3.8% $2.4

Cost Breakdown

A central one-bedroom costs $1,598 in Toronto versus $1,495 in Memphis, TN. 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 3% higher in Toronto, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $77.0 in Toronto versus $75.0 in Memphis, TN. Groceries tell a different story – $340 in Toronto vs $406 in Memphis, TN – so Toronto wins on supermarket bills even if dining out costs more.

Good to know

🇨🇦 Toronto

🇺🇸 Memphis, TN

🕒 Local time

04:15 4:15 AM

03:15 3:15 AM

1 h behind Toronto

🌤 Weather

👥 Population

2,731,571

633,104

💱 Currency

Canadian Dollar CAD $

United States Dollar USD $

📈 Exchange rate

1 CAD = 0.702 USD

1 CAD = 0.626 EUR

1 USD = 0.892 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 10, 2026: 1 USD = 1.43 CAD (1 CAD = 0.702 USD). 1 EUR = 1.6 CAD (1 CAD = 0.626 EUR).

United States Dollar exchange rates as of October 10, 2026: 1 EUR = 1.12 USD (1 USD = 0.892 EUR).

USD to CAD in detail →

On the map

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Between locations

Toronto Memphis, TN 1,320 km ≈ 2 h 15 min nonstop flight

From you

Toronto
Memphis, TN

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 Memphis, TN: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $2,530 in Toronto, $2,484 in Memphis, TN – roughly 2% apart. Outside of rent, the biggest gap is in utilities.

For a comfortable life, plan on about $3,795 per month in Toronto and $3,726 in Memphis, TN. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Memphis, TN, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Public transport costs about 183% less in Memphis, TN. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $834 per month in Toronto and $1,722 in Memphis, TN. For families with young kids, this one expense can tip the scales when choosing between the two cities.

$3,000 is a stretch for both – monthly costs hit $2,530 in Toronto and $2,484 in Memphis, TN. You'll need shared housing and careful budgeting no matter which city you pick.

Families tend to lean toward Memphis, TN – 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 Memphis, TN. If higher salaries, better infrastructure, or specific career opportunities are the priority, Toronto makes more sense. Both are solid long-term options with distinct trade-offs.