Cost of Living Comparison Between Toronto and Newmarket, ON Cost of Living Comparison Between Toronto and Newmarket, ON

Monthly Cost of Living

A single person spends $2,628 per month in Toronto vs $2,599 in Newmarket, ON, rent included.

A couple spends around $3,848 per month in Toronto vs $3,661 in Newmarket, ON, rent included.

A family of three spends $5,067 per month in Toronto vs $4,722 in Newmarket, ON, rent included.

Toronto costs about 1% more than Newmarket, ON, driven mainly by Eating Out.

Both Toronto and Newmarket, ON sit above the global median – Toronto by 91%, Newmarket, ON by 89%.

Meal at Budget Restaurant

$17.88 CA$24.66

$14.15 CA$19.52

26.36%

Three-Course Dinner for Two, Mid-Range

$87.9 CA$121

$53.2 CA$73.4

65.19%

Fast Food Meal (McDonalds, etc)

$10.93 CA$15.08

$8.90 CA$12.27

22.81%

Cappuccino

$4.06 CA$5.60

$3.60 CA$4.96

12.78%

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

$2.18 CA$3.01

$1.75 CA$2.42

24.57%

Water (0.33 liter bottle)

$1.70 CA$2.34

$1.35 CA$1.86

25.93%

Local Beer (0.5 liter draught)

$6.69 CA$9.22

$5.09 CA$7.02

31.43%

Imported Beer (0.33 liter bottle)

$7.35 CA$10.13

$6.04 CA$8.33

21.69%

Milk (1 liter)

$2.78 CA$3.83

$2.05 CA$2.83

35.61%

White Bread (500g)

$2.89 CA$3.99

$2.72 CA$3.76

6.25%

Rice (white) (1kg)

$2.56 CA$3.54

$4.17 CA$5.75

-38.61%

Eggs

$3.79 CA$5.22

$2.97 CA$4.09

27.61%

Local Cheese (1kg)

$10.17 CA$14.02

$9.76 CA$13.46

4.20%

Chicken Fillets (1kg)

$11.95 CA$16.48

$11.33 CA$15.62

5.47%

Beef Round Steak (1kg)

$16.12 CA$22.23

$9.17 CA$12.65

75.79%

Apples (1kg)

$3.89 CA$5.37

$4.32 CA$5.96

-9.95%

Banana (1kg)

$1.27 CA$1.76

$1.20 CA$1.65

5.83%

Oranges (1kg)

$3.88 CA$5.35

$2.91 CA$4.02

33.33%

Tomato (1kg)

$4.33 CA$5.97

$3.71 CA$5.12

16.71%

Potato (1kg)

$1.83 CA$2.52

$3.52 CA$4.86

-48.01%

Onion (1kg)

$1.50 CA$2.06

$2.69 CA$3.71

-44.24%

Lettuce (1 head)

$2.28 CA$3.14

$2.31 CA$3.19

-1.30%

Water (1.5 liter bottle)

$1.44 CA$1.98

$0.48 CA$0.67

200.00%

Cigarettes 20 Pack (Marlboro, Camel)

$14.20 CA$19.58

$14.54 CA$20.04

-2.34%

Wine (Bottle)

$14.24 CA$19.64

$10.90 CA$15.03

30.64%

Local Beer (0.5 liter bottle)

$2.25 CA$3.10

$3.51 CA$4.84

-35.90%

Imported Beer (0.33 liter bottle)

$2.53 CA$3.49

$3.56 CA$4.91

-28.93%

One-way Ticket (Public Transport)

$2.47 CA$3.41

$3.48 CA$4.80

-29.02%

Public Transport Monthly Pass (Regular Price)

$112 CA$154

$119 CA$164

-6.01%

Taxi Start (Normal Tariff)

$3.05 CA$4.20

$3.67 CA$5.06

-16.89%

Taxi (Normal Tariff) (1km)

$1.24 CA$1.70

$0.70 CA$0.96

77.14%

Taxi 1hour Waiting (Normal Tariff)

$22.44 CA$30.94

$18.03 CA$24.86

24.46%

Gasoline (1 liter)

$1.24 CA$1.70

$1.06 CA$1.46

16.98%

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

$27.5K CA$37.9K

$23.6K CA$32.5K

16.56%

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

$21.1K CA$29.2K

$19.0K CA$26.2K

11.29%

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

$128 CA$176

$96.9 CA$134

31.59%

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

$33.79 CA$46.59

$37.83 CA$52.2

-10.68%

Internet (50+ Mbps, Unlimited Data)

$49.25 CA$67.9

$54.6 CA$75.3

-9.75%

Gym Membership (Monthly)

$40.93 CA$56.5

$39.94 CA$55.1

2.48%

Tennis Court (1 Hour on Weekend)

$24.62 CA$33.95

$21.85 CA$30.13

12.68%

Cinema Ticket

$13.16 CA$18.15

$10.70 CA$14.75

22.99%

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

$792 CA$1,093

$1,240 CA$1,710

-36.09%

International Primary School, 1 Child (Yearly)

$24.1K CA$33.3K

Jeans (Levis 501 Or Similar)

$54.5 CA$75.2

$56.9 CA$78.5

-4.23%

Summer Dress (H&M, Zara, etc)

$43.11 CA$59.5

$35.24 CA$48.59

22.33%

Sport Shoes (Adidas, Nike)

$102 CA$140

$92.3 CA$127

9.96%

Men's Leather Business Shoes

$123 CA$170

$84.4 CA$116

46.15%

1-bedroom Apartment, City Center (Monthly)

$1,653 CA$2,279

$1,663 CA$2,293

-0.58%

1-bedroom Apartment, Outside City Center (Monthly)

$1,452 CA$2,002

$1,463 CA$2,018

-0.80%

3-bedroom Apartment, City Center (Monthly)

$2,694 CA$3,716

$2,358 CA$3,252

14.27%

3-bedroom Apartment, Outside City Center (Monthly)

$2,149 CA$2,964

$2,247 CA$3,099

-4.34%

Buy Apartment in City Center (m2)

$8,347 CA$11.5K

$4,399 CA$6,066

89.77%

Buy Apartment Outside City Center (m2)

$6,816 CA$9,399

$4,343 CA$5,989

56.94%

Average Monthly Net Salary (After Tax)

$3,614 CA$4,984

$3,105 CA$4,282

16.39%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.49

4.53

-0.88%

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

Last update for Toronto: August 30, 2026

Last update for Newmarket, ON: August 29, 2026

Cost Breakdown

A central one-bedroom costs $1,653 in Toronto versus $1,663 in Newmarket, ON. 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 16% 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 $88.0 in Toronto versus $53.0 in Newmarket, ON. Monthly groceries follow the same trend: $365 vs $326 – making Newmarket, ON the more affordable choice for daily food spending.

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 Newmarket, ON: Cost of Living - Frequently Asked Questions

Toronto costs about 1% more than Newmarket, ON, with the gap driven mainly by Eating Out. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $3,942 per month in Toronto and $3,899 in Newmarket, ON. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Monthly expenses with rent come to $2,628 in Toronto and $2,599 in Newmarket, ON. The difference isn't just one category – it shows up across housing, food, transport, and services.

Public transport costs about 6% less in Newmarket, ON. For daily commuters, that gap adds up to noticeable savings over a year.

$2,000 is a stretch for both – monthly costs hit $2,628 in Toronto and $2,599 in Newmarket, ON. You'll need shared housing and careful budgeting no matter which city you pick.

Families tend to lean toward Newmarket, ON – 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 Newmarket, ON. 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.