Last update: Oct 2026

Cost of Living Comparison Between Toronto and Minneapolis, MN

For one person, living is cheaper in Toronto: $2,530 a month against $2,735 in Minneapolis, MN, rent and utilities included – about $2,500 less a year. The total is higher in Minneapolis, MN despite lower rent and utilities.

125

Cost of Living Index in Toronto
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Toronto Living Index
133

Cost of Living Index in Minneapolis, MN
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Minneapolis, MN Living Index

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Toronto

🇨🇦 Canada

$2,530

/mo nomad

Minneapolis, MN

🇺🇸 United States

$2,735

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Minneapolis, MN

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

Monthly costs for one person with rent: $2,530 in Toronto versus $2,735 in Minneapolis, MN.

Toronto $2,530
Minneapolis, MN $2,735

Estimated couple costs with rent: $3,646 in Toronto versus $4,128 in Minneapolis, MN.

Toronto $3,646
Minneapolis, MN $4,128

Monthly costs for a family of three with rent: $4,761 in Toronto versus $5,521 in Minneapolis, MN.

Toronto $4,761
Minneapolis, MN $5,521

Living in Toronto costs roughly 7% less than in Minneapolis, MN, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Toronto 89% above, Minneapolis, MN 104% above.

Meal at Budget Restaurant

$17.67 CA$25.19

$22.15 $22.15

-20.23%

Three-Course Dinner for Two, Mid-Range

$77.4 CA$110

$81.0 $81.0

-4.41%

Fast Food Meal (McDonalds, etc)

$10.47 CA$14.93

$12.04 $12.04

-13.04%

Cappuccino

$4.08 CA$5.81

$6.56 $6.56

-37.80%

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

$2.12 CA$3.02

$3.12 $3.12

-32.05%

Water (0.33 liter bottle)

$1.76 CA$2.51

$2.25 $2.25

-21.78%

Local Beer (0.5 liter draught)

$6.17 CA$8.80

$7.19 $7.19

-14.19%

Imported Beer (0.33 liter bottle)

$6.89 CA$9.82

$7.93 $7.93

-13.11%

Milk (1 liter)

$2.43 CA$3.46

$0.91 $0.91

167.03%

White Bread (500g)

$2.75 CA$3.92

$3.60 $3.60

-23.61%

Rice (white) (1kg)

$2.23 CA$3.18

$6.51 $6.51

-65.75%

Eggs

$3.45 CA$4.91

$3.60 $3.60

-4.17%

Local Cheese (1kg)

$8.93 CA$12.73

$10.45 $10.45

-14.55%

Chicken Fillets (1kg)

$11.44 CA$16.31

$13.40 $13.40

-14.63%

Beef Round Steak (1kg)

$14.61 CA$20.83

$19.58 $19.58

-25.38%

Apples (1kg)

$3.75 CA$5.34

$5.94 $5.94

-36.87%

Banana (1kg)

$1.15 CA$1.64

$1.87 $1.87

-38.50%

Oranges (1kg)

$3.55 CA$5.06

$6.63 $6.63

-46.46%

Tomato (1kg)

$4.28 CA$6.10

$5.33 $5.33

-19.70%

Potato (1kg)

$1.85 CA$2.63

$4.44 $4.44

-58.33%

Onion (1kg)

$1.67 CA$2.38

$4.14 $4.14

-59.66%

Lettuce (1 head)

$2.22 CA$3.16

$2.34 $2.34

-5.13%

Water (1.5 liter bottle)

$1.21 CA$1.72

$2.55 $2.55

-52.55%

Cigarettes 20 Pack (Marlboro, Camel)

$13.88 CA$19.78

$12.89 $12.89

7.68%

Wine (Bottle)

$14.25 CA$20.31

$16.10 $16.10

-11.49%

Local Beer (0.5 liter bottle)

$2.20 CA$3.13

$2.90 $2.90

-24.14%

Imported Beer (0.33 liter bottle)

$2.42 CA$3.45

$5.53 $5.53

-56.24%

One-way Ticket (Public Transport)

$2.42 CA$3.44

$1.95 $1.95

24.10%

Public Transport Monthly Pass (Regular Price)

$111 CA$158

$85.3 $85.3

29.81%

Taxi Start (Normal Tariff)

$2.90 CA$4.13

$4.92 $4.92

-41.06%

Taxi (Normal Tariff) (1km)

$1.26 CA$1.80

$1.75 $1.75

-28.00%

Taxi 1hour Waiting (Normal Tariff)

$22.03 CA$31.40

$24.01 $24.01

-8.25%

Gasoline (1 liter)

$1.22 CA$1.74

$1.04 $1.04

17.31%

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

$27.6K CA$39.4K

$36.6K $36.6K

-24.58%

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

$19.8K CA$28.3K

$25.8K $25.8K

-23.31%

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

$122 CA$174

$182 $182

-32.89%

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

$32.03 CA$45.66

$54.9 $54.9

-41.64%

Internet (50+ Mbps, Unlimited Data)

$47.92 CA$68.3

$71.0 $71.0

-32.49%

Gym Membership (Monthly)

$38.90 CA$55.5

$65.7 $65.7

-40.78%

Tennis Court (1 Hour on Weekend)

$23.24 CA$33.12

$27.32 $27.32

-14.93%

Cinema Ticket

$12.61 CA$17.97

$15.92 $15.92

-20.79%

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

$834 CA$1,189

$1,345 $1,345

-37.99%

International Primary School, 1 Child (Yearly)

$23.3K CA$33.3K

$35.6K $35.6K

-34.46%

Jeans (Levis 501 Or Similar)

$52.6 CA$75.0

$57.6 $57.6

-8.68%

Summer Dress (H&M, Zara, etc)

$40.26 CA$57.4

$43.87 $43.87

-8.23%

Sport Shoes (Adidas, Nike)

$96.2 CA$137

$98.4 $98.4

-2.21%

Men's Leather Business Shoes

$123 CA$175

$106 $106

15.70%

1-bedroom Apartment, City Center (Monthly)

$1,598 CA$2,278

$1,808 $1,808

-11.62%

1-bedroom Apartment, Outside City Center (Monthly)

$1,435 CA$2,045

$1,261 $1,261

13.76%

3-bedroom Apartment, City Center (Monthly)

$2,657 CA$3,787

$2,865 $2,865

-7.26%

3-bedroom Apartment, Outside City Center (Monthly)

$2,096 CA$2,988

$2,155 $2,155

-2.74%

Buy Apartment in City Center (m2)

$8,033 CA$11.5K

$3,337 $3,337

140.71%

Buy Apartment Outside City Center (m2)

$6,557 CA$9,347

$2,163 $2,163

203.22%

Average Monthly Net Salary (After Tax)

$3,743 CA$5,335

$4,249 $4,249

-11.90%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.47

6.66

-32.88%

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

Last update for Toronto: October 4, 2026

Last update for Minneapolis, MN: October 5, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 55.4%

Minneapolis, MN

$1.3K 46.2% 12.1% $174

Groceries & Markets

Toronto

$340 13.1%

Minneapolis, MN

$456 16.7% 34% $116

Eating Out

Toronto

$282 10.9%

Minneapolis, MN

$365 13.4% 29.6% $84

Monthly Utilities & Internet

Toronto

$202 7.8%

Minneapolis, MN

$307 11.3% 52.3% $106

Clothing & Footwear

Toronto

$140 5.4%

Minneapolis, MN

$138 5% 1.9% $2.7

Getting Around

Toronto

$130 5%

Minneapolis, MN

$107 3.9% 17.6% $23

Sport & Entertainment

Toronto

$64 2.5%

Minneapolis, MN

$98 3.6% 52.1% $33

Cost Breakdown

A one-bedroom apartment in the center runs $1,598 in Toronto and $1,808 in Minneapolis, MN. Housing cost is often the main lever when comparing two cities.

Minneapolis, MN pays 14% 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: $77.0 in Toronto vs $81.0 in Minneapolis, MN for a mid-range dinner for two. Groceries echo the gap at $340 vs $456 per month, with Toronto cheaper across the board.

Good to know

🇨🇦 Toronto

🇺🇸 Minneapolis, MN

🕒 Local time

04:30 4:30 AM

03:30 3:30 AM

1 h behind Toronto

🌤 Weather

👥 Population

2,731,571

429,954

💱 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 Minneapolis, MN 1,110 km ≈ 2 h nonstop flight

From you

Toronto
Minneapolis, MN

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 Minneapolis, MN: Cost of Living - Frequently Asked Questions

Toronto wins on cost – living expenses run 8% lower than in Minneapolis, MN. Housing and daily spending are where you'll feel the difference most, making Toronto the obvious pick if budget is a priority.

On paper, salaries run 14% lower in Minneapolis, MN. 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: $1,598 in Toronto versus $1,808 in Minneapolis, MN. Housing is usually the single largest factor when comparing overall living costs between the two.

Childcare runs $834 in Toronto versus $1,345 in Minneapolis, MN. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

Supermarket bills run roughly 34% higher in Minneapolis, MN. For households that cook at home regularly, that difference adds up over a month.

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 work as nomad bases, but Toronto delivers better value – similar infrastructure at $2,530 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Toronto hard to pass up.

Expats usually find Toronto gentler on the wallet – expenses run 8% less than in Minneapolis, MN. Beyond cost, consider language, visa policies, and how big the international community is in each city.