Last update: Oct 2026

Cost of Living Comparison Between Toronto and Newmarket, ON

For one person, living costs are similar in Toronto and in Newmarket, ON: $2,561 and $2,489 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 Newmarket, ON
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Newmarket, ON Living Index

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Toronto

🇨🇦 Canada

$2,561

/mo nomad

Newmarket, ON

🇨🇦 Canada

$2,489

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Newmarket, ON

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 Newmarket, ON actually costs, broken down by who's living it.

A single person spends $2,561 per month in Toronto vs $2,489 in Newmarket, ON, rent included.

Toronto $2,561
Newmarket, ON $2,489

A couple spends around $3,694 per month in Toronto vs $3,526 in Newmarket, ON, rent included.

Toronto $3,694
Newmarket, ON $3,526

A family of three spends $4,826 per month in Toronto vs $4,564 in Newmarket, ON, rent included.

Toronto $4,826
Newmarket, ON $4,564

Toronto costs about 3% more than Newmarket, ON, and outside of rent the biggest gap is in eating out.

Both Toronto and Newmarket, ON sit above the global median – Toronto by 90%, Newmarket, ON by 84%.

Meal at Budget Restaurant

$17.18 CA$24.29

$14.25 CA$20.14

20.56%

Three-Course Dinner for Two, Mid-Range

$76.0 CA$107

$61.2 CA$86.5

24.22%

Fast Food Meal (McDonalds, etc)

$10.54 CA$14.89

$8.54 CA$12.07

23.42%

Cappuccino

$4.02 CA$5.68

$3.48 CA$4.92

15.52%

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

$2.12 CA$3.00

$1.76 CA$2.48

20.45%

Water (0.33 liter bottle)

$1.75 CA$2.48

$1.34 CA$1.90

30.60%

Local Beer (0.5 liter draught)

$6.24 CA$8.83

$4.84 CA$6.84

28.93%

Imported Beer (0.33 liter bottle)

$7.09 CA$10.02

$5.80 CA$8.20

22.24%

Milk (1 liter)

$2.44 CA$3.45

$1.99 CA$2.82

22.61%

White Bread (500g)

$2.68 CA$3.78

$2.74 CA$3.87

-2.19%

Rice (white) (1kg)

$2.24 CA$3.17

$4.16 CA$5.88

-46.15%

Eggs

$3.56 CA$5.03

$2.78 CA$3.92

28.06%

Local Cheese (1kg)

$9.09 CA$12.85

$9.20 CA$13.01

-1.20%

Chicken Fillets (1kg)

$11.33 CA$16.01

$11.14 CA$15.75

1.71%

Beef Round Steak (1kg)

$14.53 CA$20.55

$9.05 CA$12.80

60.55%

Apples (1kg)

$3.62 CA$5.12

$4.22 CA$5.96

-14.22%

Banana (1kg)

$1.21 CA$1.72

$1.17 CA$1.65

3.42%

Oranges (1kg)

$3.60 CA$5.09

$2.78 CA$3.93

29.50%

Tomato (1kg)

$4.21 CA$5.96

$3.59 CA$5.08

17.27%

Potato (1kg)

$1.79 CA$2.53

$3.41 CA$4.82

-47.51%

Onion (1kg)

$1.59 CA$2.25

$2.61 CA$3.69

-39.08%

Lettuce (1 head)

$2.27 CA$3.21

$2.26 CA$3.19

0.44%

Water (1.5 liter bottle)

$1.25 CA$1.77

$0.44 CA$0.62

184.09%

Cigarettes 20 Pack (Marlboro, Camel)

$13.82 CA$19.53

$14.07 CA$19.89

-1.78%

Wine (Bottle)

$14.27 CA$20.18

$10.45 CA$14.77

36.56%

Local Beer (0.5 liter bottle)

$2.20 CA$3.10

$3.34 CA$4.72

-34.13%

Imported Beer (0.33 liter bottle)

$2.43 CA$3.44

$3.57 CA$5.05

-31.93%

One-way Ticket (Public Transport)

$2.39 CA$3.38

$3.30 CA$4.66

-27.58%

Public Transport Monthly Pass (Regular Price)

$111 CA$157

$117 CA$166

-5.58%

Taxi Start (Normal Tariff)

$2.91 CA$4.12

$3.46 CA$4.88

-15.90%

Taxi (Normal Tariff) (1km)

$1.20 CA$1.69

$0.68 CA$0.96

76.47%

Taxi 1hour Waiting (Normal Tariff)

$21.38 CA$30.23

$17.81 CA$25.17

20.04%

Gasoline (1 liter)

$1.21 CA$1.71

$1.05 CA$1.48

15.24%

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

$28.2K CA$39.8K

$22.7K CA$32.1K

24.02%

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

$20.3K CA$28.6K

$18.8K CA$26.6K

7.80%

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

$120 CA$170

$96.1 CA$136

25.25%

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

$32.26 CA$45.60

$36.90 CA$52.2

-12.57%

Internet (50+ Mbps, Unlimited Data)

$47.93 CA$67.8

$52.1 CA$73.7

-8.06%

Gym Membership (Monthly)

$38.48 CA$54.4

$40.06 CA$56.6

-3.94%

Tennis Court (1 Hour on Weekend)

$22.96 CA$32.46

$21.42 CA$30.28

7.19%

Cinema Ticket

$12.38 CA$17.50

$10.43 CA$14.74

18.70%

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

$830 CA$1,173

$1,177 CA$1,664

-29.49%

International Primary School, 1 Child (Yearly)

$23.1K CA$32.6K

Jeans (Levis 501 Or Similar)

$50.7 CA$71.7

$55.3 CA$78.2

-8.35%

Summer Dress (H&M, Zara, etc)

$40.02 CA$56.6

$33.22 CA$46.97

20.47%

Sport Shoes (Adidas, Nike)

$98.0 CA$139

$88.9 CA$126

10.19%

Men's Leather Business Shoes

$121 CA$171

$81.6 CA$115

47.87%

1-bedroom Apartment, City Center (Monthly)

$1,592 CA$2,251

$1,556 CA$2,199

2.35%

1-bedroom Apartment, Outside City Center (Monthly)

$1,410 CA$1,994

$1,442 CA$2,038

-2.18%

3-bedroom Apartment, City Center (Monthly)

$2,670 CA$3,775

$2,328 CA$3,292

14.67%

3-bedroom Apartment, Outside City Center (Monthly)

$2,152 CA$3,042

$2,169 CA$3,066

-0.78%

Buy Apartment in City Center (m2)

$7,945 CA$11.2K

$4,222 CA$5,969

88.18%

Buy Apartment Outside City Center (m2)

$6,542 CA$9,249

$4,233 CA$5,984

54.55%

Average Monthly Net Salary (After Tax)

$3,727 CA$5,269

$2,913 CA$4,118

27.93%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.47

4.53

-1.32%

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

Last update for Toronto: October 12, 2026

Last update for Newmarket, ON: October 12, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 55.1%

Newmarket, ON

$1.4K 57.9% 2.2% $31

Groceries & Markets

Toronto

$340 13.3%

Newmarket, ON

$317 12.8% 6.6% $23

Eating Out

Toronto

$278 10.9%

Newmarket, ON

$230 9.2% 17.5% $49

Monthly Utilities & Internet

Toronto

$201 7.8%

Newmarket, ON

$185 7.4% 7.7% $15

Clothing & Footwear

Toronto

$139 5.4%

Newmarket, ON

$117 4.7% 16.3% $23

Getting Around

Toronto

$129 5.1%

Newmarket, ON

$138 5.5% 6.3% $8.1

Sport & Entertainment

Toronto

$63 2.5%

Newmarket, ON

$61 2.5% 3.7% $2.3

Cost Breakdown

A central one-bedroom costs $1,592 in Toronto versus $1,556 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 28% 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 $76.0 in Toronto versus $61.0 in Newmarket, ON. Monthly groceries follow the same trend: $340 vs $317 – making Newmarket, ON the more affordable choice for daily food spending.

Good to know

🇨🇦 Toronto

🇨🇦 Newmarket, ON

🕒 Local time

09:26 9:26 AM

Same time as Toronto

🌤 Weather

👥 Population

2,731,571

87,942

💱 Currency

Canadian Dollar CAD $

📈 Exchange rate

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

1 CAD = 0.707 USD

1 CAD = 0.629 EUR

Exchange rates and currency converter

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City Median Internet Speeds Comparison (Updated April 2026)

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Digital Nomad Cost of Living Index

Toronto vs Newmarket, ON: Cost of Living - Frequently Asked Questions

Toronto costs about 3% more than Newmarket, ON, and outside of rent the gap comes mainly from 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 $3,841 per month in Toronto and $3,733 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 $2,561 in Toronto and $2,489 in Newmarket, ON. That's a gap of about 3%.

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 $2,561 in Toronto and $2,489 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.