Last update: Oct 2026

Cost of Living Comparison Between Toronto and Monument, CO

For one person, living is cheaper in Toronto: $2,530 a month against $3,324 in Monument, CO, rent and utilities included – about $9,500 less a year. Rent and utilities account for most of the difference.

125

Cost of Living Index in Toronto
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Toronto Living Index
161

Cost of Living Index in Monument, CO
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Monument, CO Living Index

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Toronto

🇨🇦 Canada

$2,530

/mo nomad

Monument, CO

🇺🇸 United States

$3,324

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Monument, CO

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

A single person spends $2,530 per month in Toronto vs $3,324 in Monument, CO, rent included.

Toronto $2,530
Monument, CO $3,324

A couple spends around $3,646 per month in Toronto vs $4,622 in Monument, CO, rent included.

Toronto $3,646
Monument, CO $4,622

A family of three spends $4,761 per month in Toronto vs $5,919 in Monument, CO, rent included.

Toronto $4,761
Monument, CO $5,919

Toronto is about 24% cheaper than Monument, CO, and outside of rent the biggest gap is in transport.

Both Toronto and Monument, CO sit above the global median – Toronto by 89%, Monument, CO by 148%.

Meal at Budget Restaurant

$17.67 CA$25.19

$24.83 $24.83

-28.84%

Three-Course Dinner for Two, Mid-Range

$77.4 CA$110

$70.5 $70.5

9.70%

Fast Food Meal (McDonalds, etc)

$10.47 CA$14.93

$10.67 $10.67

-1.87%

Cappuccino

$4.08 CA$5.81

$5.55 $5.55

-26.49%

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

$2.12 CA$3.02

$2.68 $2.68

-20.90%

Water (0.33 liter bottle)

$1.76 CA$2.51

$2.26 $2.26

-22.12%

Local Beer (0.5 liter draught)

$6.17 CA$8.80

$5.87 $5.87

5.11%

Imported Beer (0.33 liter bottle)

$6.89 CA$9.82

$7.04 $7.04

-2.13%

Milk (1 liter)

$2.43 CA$3.46

$0.98 $0.98

147.96%

White Bread (500g)

$2.75 CA$3.92

$3.14 $3.14

-12.42%

Rice (white) (1kg)

$2.23 CA$3.18

$2.86 $2.86

-22.03%

Eggs

$3.45 CA$4.91

$5.97 $5.97

-42.21%

Local Cheese (1kg)

$8.93 CA$12.73

$14.03 $14.03

-36.35%

Chicken Fillets (1kg)

$11.44 CA$16.31

$13.70 $13.70

-16.50%

Beef Round Steak (1kg)

$14.61 CA$20.83

$19.44 $19.44

-24.85%

Apples (1kg)

$3.75 CA$5.34

$5.62 $5.62

-33.27%

Banana (1kg)

$1.15 CA$1.64

$1.41 $1.41

-18.44%

Oranges (1kg)

$3.55 CA$5.06

$3.22 $3.22

10.25%

Tomato (1kg)

$4.28 CA$6.10

$4.62 $4.62

-7.36%

Potato (1kg)

$1.85 CA$2.63

$2.49 $2.49

-25.70%

Onion (1kg)

$1.67 CA$2.38

$2.63 $2.63

-36.50%

Lettuce (1 head)

$2.22 CA$3.16

$1.80 $1.80

23.33%

Water (1.5 liter bottle)

$1.21 CA$1.72

$2.00 $2.00

-39.50%

Cigarettes 20 Pack (Marlboro, Camel)

$13.88 CA$19.78

$9.86 $9.86

40.77%

Wine (Bottle)

$14.25 CA$20.31

$15.93 $15.93

-10.55%

Local Beer (0.5 liter bottle)

$2.20 CA$3.13

$2.30 $2.30

-4.35%

Imported Beer (0.33 liter bottle)

$2.42 CA$3.45

$2.55 $2.55

-5.10%

One-way Ticket (Public Transport)

$2.42 CA$3.44

Public Transport Monthly Pass (Regular Price)

$111 CA$158

Taxi Start (Normal Tariff)

$2.90 CA$4.13

$3.60 $3.60

-19.44%

Taxi (Normal Tariff) (1km)

$1.26 CA$1.80

$1.16 $1.16

8.62%

Taxi 1hour Waiting (Normal Tariff)

$22.03 CA$31.40

$25.42 $25.42

-13.34%

Gasoline (1 liter)

$1.22 CA$1.74

$0.98 $0.98

24.49%

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

$27.6K CA$39.4K

$24.5K $24.5K

12.76%

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

$19.8K CA$28.3K

$25.3K $25.3K

-21.55%

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

$122 CA$174

$199 $199

-38.85%

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

$32.03 CA$45.66

$82.8 $82.8

-61.30%

Internet (50+ Mbps, Unlimited Data)

$47.92 CA$68.3

$76.9 $76.9

-37.64%

Gym Membership (Monthly)

$38.90 CA$55.5

$24.64 $24.64

57.87%

Tennis Court (1 Hour on Weekend)

$23.24 CA$33.12

Cinema Ticket

$12.61 CA$17.97

$15.06 $15.06

-16.27%

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

$834 CA$1,189

$1,466 $1,466

-43.12%

International Primary School, 1 Child (Yearly)

$23.3K CA$33.3K

$6,481 $6,481

260.11%

Jeans (Levis 501 Or Similar)

$52.6 CA$75.0

$59.5 $59.5

-11.52%

Summer Dress (H&M, Zara, etc)

$40.26 CA$57.4

$34.51 $34.51

16.66%

Sport Shoes (Adidas, Nike)

$96.2 CA$137

$81.1 $81.1

18.69%

Men's Leather Business Shoes

$123 CA$175

$100 $100

22.49%

1-bedroom Apartment, City Center (Monthly)

$1,598 CA$2,278

$1,982 $1,982

-19.36%

1-bedroom Apartment, Outside City Center (Monthly)

$1,435 CA$2,045

$1,973 $1,973

-27.29%

3-bedroom Apartment, City Center (Monthly)

$2,657 CA$3,787

$2,994 $2,994

-11.26%

3-bedroom Apartment, Outside City Center (Monthly)

$2,096 CA$2,988

$2,962 $2,962

-29.24%

Buy Apartment in City Center (m2)

$8,033 CA$11.5K

Buy Apartment Outside City Center (m2)

$6,557 CA$9,347

Average Monthly Net Salary (After Tax)

$3,743 CA$5,335

20-Year Fixed Mortgage Interest Rate (Annual %)

4.47

6.61

-32.38%

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

Last update for Toronto: October 4, 2026

Last update for Monument, CO: October 6, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 55.4%

Monument, CO

$2K 60% 37.5% $538

Groceries & Markets

Toronto

$340 13.1%

Monument, CO

$410 12.5% 20.6% $70

Eating Out

Toronto

$282 10.9%

Monument, CO

$360 11% 27.9% $79

Monthly Utilities & Internet

Toronto

$202 7.8%

Monument, CO

$359 10.9% 77.8% $157

Clothing & Footwear

Toronto

$140 5.4%

Monument, CO

$124 3.8% 11.7% $16

Getting Around

Toronto

$130 5%

Monument, CO

$9.4 * 0.3% 92.7% $120

Sport & Entertainment

Toronto

$64 2.5%

Monument, CO

$55 1.7% 14.6% $9.4

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $1,598 in Toronto versus $1,982 in Monument, CO. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $77.0 in Toronto versus $71.0 in Monument, CO. Groceries tell a different story – $340 in Toronto vs $410 in Monument, CO – so Toronto wins on supermarket bills even if dining out costs more.

Good to know

🇨🇦 Toronto

🇺🇸 Monument, CO

🕒 Local time

09:37 9:37 AM

07:37 7:37 AM

2 h behind Toronto

🌤 Weather

👥 Population

2,731,571

10,000

💱 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 11, 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 11, 2026: 1 EUR = 1.12 USD (1 USD = 0.892 EUR).

USD to CAD in detail →

On the map

Lowest

Highest

Between locations

Toronto Monument, CO 2,180 km ≈ 3 h 15 min nonstop flight

From you

Toronto
Monument, CO

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 Monument, CO: Cost of Living - Frequently Asked Questions

Yes – Monument, CO is pricier by about 31%, and outside of rent the gap shows up most in transport.

For a comfortable life, plan on about $3,795 per month in Toronto and $4,986 in Monument, CO. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

A mid-range dinner for two costs $77.0 in Toronto and $71.0 in Monument, CO. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 21% more in Monument, CO, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

$2,500 is a stretch for both – monthly costs hit $2,530 in Toronto and $3,324 in Monument, CO. You'll need shared housing and careful budgeting no matter which city you pick.

Families tend to lean toward Toronto – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Toronto. If higher salaries, better infrastructure, or specific career opportunities are the priority, Monument, CO makes more sense. Both are solid long-term options with distinct trade-offs.