Last update: Oct 2026

Cost of Living Comparison Between Toronto and Oakville

For one person, living costs are similar in Toronto and in Oakville: $2,610 and $2,641 a month, rent and utilities included.

126

Cost of Living Index in Toronto
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Toronto Living Index
127

Cost of Living Index in Oakville
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Oakville Living Index

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Toronto

🇨🇦 Canada

$2,610

/mo nomad

Oakville

🇨🇦 Canada

$2,641

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Oakville

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

Monthly costs for one person with rent: $2,610 in Toronto versus $2,641 in Oakville.

Toronto $2,610
Oakville $2,641

Estimated couple costs with rent: $3,727 in Toronto versus $3,848 in Oakville.

Toronto $3,727
Oakville $3,848

Monthly costs for a family of three with rent: $4,844 in Toronto versus $5,054 in Oakville.

Toronto $4,844
Oakville $5,054

Living in Toronto costs roughly 1% less than in Oakville, and outside of rent the biggest gap is in groceries.

Both cities are pricier than the global median: Toronto 93% above, Oakville 95% above.

Meal at Budget Restaurant

$17.59 CA$24.87

$14.43 CA$20.39

21.90%

Three-Course Dinner for Two, Mid-Range

$78.8 CA$111

$71.8 CA$102

9.72%

Fast Food Meal (McDonalds, etc)

$10.73 CA$15.16

$9.34 CA$13.20

14.88%

Cappuccino

$4.09 CA$5.78

$3.84 CA$5.42

6.51%

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

$2.10 CA$2.97

$2.20 CA$3.10

-4.55%

Water (0.33 liter bottle)

$1.72 CA$2.43

$1.74 CA$2.45

-1.15%

Local Beer (0.5 liter draught)

$6.36 CA$8.99

$5.83 CA$8.24

9.09%

Imported Beer (0.33 liter bottle)

$7.08 CA$10.01

$6.48 CA$9.17

9.26%

Milk (1 liter)

$2.54 CA$3.59

$2.56 CA$3.62

-0.78%

White Bread (500g)

$2.72 CA$3.85

$3.30 CA$4.67

-17.58%

Rice (white) (1kg)

$2.18 CA$3.09

$3.50 CA$4.94

-37.71%

Eggs

$3.63 CA$5.13

$4.18 CA$5.91

-13.16%

Local Cheese (1kg)

$9.46 CA$13.37

$10.42 CA$14.74

-9.21%

Chicken Fillets (1kg)

$11.54 CA$16.32

$11.95 CA$16.90

-3.43%

Beef Round Steak (1kg)

$14.37 CA$20.32

$19.22 CA$27.17

-25.23%

Apples (1kg)

$3.70 CA$5.23

$3.34 CA$4.72

10.78%

Banana (1kg)

$1.19 CA$1.68

$1.93 CA$2.72

-38.34%

Oranges (1kg)

$3.46 CA$4.90

$3.28 CA$4.64

5.49%

Tomato (1kg)

$4.22 CA$5.97

$2.93 CA$4.14

44.03%

Potato (1kg)

$1.79 CA$2.52

$2.34 CA$3.31

-23.50%

Onion (1kg)

$1.65 CA$2.33

$2.60 CA$3.68

-36.54%

Lettuce (1 head)

$2.20 CA$3.11

$2.25 CA$3.18

-2.22%

Water (1.5 liter bottle)

$1.26 CA$1.78

$1.73 CA$2.45

-27.17%

Cigarettes 20 Pack (Marlboro, Camel)

$13.97 CA$19.75

$14.25 CA$20.14

-1.96%

Wine (Bottle)

$14.20 CA$20.07

$13.23 CA$18.71

7.33%

Local Beer (0.5 liter bottle)

$2.25 CA$3.18

$3.20 CA$4.52

-29.69%

Imported Beer (0.33 liter bottle)

$2.53 CA$3.58

$2.41 CA$3.41

4.98%

One-way Ticket (Public Transport)

$2.32 CA$3.28

$2.77 CA$3.92

-16.25%

Public Transport Monthly Pass (Regular Price)

$112 CA$158

$97.2 CA$137

14.82%

Taxi Start (Normal Tariff)

$3.06 CA$4.33

Taxi (Normal Tariff) (1km)

$1.22 CA$1.72

Taxi 1hour Waiting (Normal Tariff)

$21.69 CA$30.66

Gasoline (1 liter)

$1.21 CA$1.72

$1.16 CA$1.64

4.31%

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

$26.1K CA$37.0K

$28.1K CA$39.7K

-6.93%

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

$21.1K CA$29.9K

$21.3K CA$30.1K

-0.76%

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

$120 CA$169

$91.0 CA$129

31.51%

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

$32.21 CA$45.54

$28.41 CA$40.16

13.38%

Internet (50+ Mbps, Unlimited Data)

$48.88 CA$69.1

$45.95 CA$65.0

6.38%

Gym Membership (Monthly)

$39.34 CA$55.6

$42.03 CA$59.4

-6.40%

Tennis Court (1 Hour on Weekend)

$23.58 CA$33.34

Cinema Ticket

$12.58 CA$17.79

$9.76 CA$13.80

28.89%

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

$832 CA$1,176

$1,154 CA$1,632

-27.94%

International Primary School, 1 Child (Yearly)

$23.6K CA$33.4K

$16.6K CA$23.5K

41.86%

Jeans (Levis 501 Or Similar)

$52.3 CA$73.9

$68.2 CA$96.3

-23.29%

Summer Dress (H&M, Zara, etc)

$39.44 CA$55.8

$93.2 CA$132

-57.69%

Sport Shoes (Adidas, Nike)

$99.0 CA$140

$128 CA$181

-22.54%

Men's Leather Business Shoes

$122 CA$172

$107 CA$152

13.55%

1-bedroom Apartment, City Center (Monthly)

$1,631 CA$2,306

$1,859 CA$2,628

-12.24%

1-bedroom Apartment, Outside City Center (Monthly)

$1,448 CA$2,048

$1,497 CA$2,116

-3.25%

3-bedroom Apartment, City Center (Monthly)

$2,737 CA$3,869

$3,590 CA$5,075

-23.76%

3-bedroom Apartment, Outside City Center (Monthly)

$2,129 CA$3,010

$2,384 CA$3,371

-10.69%

Buy Apartment in City Center (m2)

$8,206 CA$11.6K

$4,866 CA$6,879

68.64%

Buy Apartment Outside City Center (m2)

$6,838 CA$9,666

$6,100 CA$8,623

12.10%

Average Monthly Net Salary (After Tax)

$3,520 CA$4,976

$3,090 CA$4,369

13.90%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.47

5.26

-15.02%

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

Last update for Toronto: October 18, 2026

Last update for Oakville: October 19, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 55.5%

Oakville

$1.5K 56.7% 3.4% $49

Groceries & Markets

Toronto

$343 13.1%

Oakville

$383 14.5% 11.8% $40

Eating Out

Toronto

$283 10.9%

Oakville

$247 9.4% 12.7% $36

Monthly Utilities & Internet

Toronto

$201 7.7%

Oakville

$165 6.3% 17.6% $35

Clothing & Footwear

Toronto

$141 5.4%

Oakville

$178 6.8% 26.8% $38

Getting Around

Toronto

$130 5%

Oakville

$108 * 4.1% 16.7% $22

Sport & Entertainment

Toronto

$65 2.5%

Oakville

$62 2.3% 4.6% $3

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

Cost Breakdown

A one-bedroom apartment in the center runs $1,631 in Toronto and $1,859 in Oakville. Housing cost is often the main lever when comparing two cities.

Toronto pays 14% more on average while also being the cheaper of the two. The combined effect is a noticeably stronger local purchasing power.

Dining out: $79.0 in Toronto vs $72.0 in Oakville. Groceries flip the comparison at $343 vs $383, with Toronto cheaper for home cooking.

Good to know

🇨🇦 Toronto

🇨🇦 Oakville

🕒 Local time

10:17 10:17 AM

Same time as Toronto

🌤 Weather

👥 Population

2,731,571

193,832

💱 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)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Toronto vs Oakville: Cost of Living - Frequently Asked Questions

Toronto wins on cost – living expenses run 1% lower than in Oakville. Housing and daily spending are where you'll feel the difference most, making Toronto the obvious pick if budget is a priority.

Average pay runs 14% higher in Toronto, which matters when comparing affordability. Whether that higher income actually nets you more depends on your spending habits and housing choices.

Rent for a central apartment: $1,631 in Toronto versus $1,859 in Oakville. Housing is usually the single largest factor when comparing overall living costs between the two.

A monthly transit pass in Toronto runs roughly 15% less than in Oakville. Both cities have functional networks, but the price difference matters if you're watching your budget.

Childcare runs $832 in Toronto versus $1,154 in Oakville. Over years of preschool, even a modest monthly gap compounds into a major financial factor for families.

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 $2,610 monthly. If stretching your runway or maximizing savings is the goal, the price difference makes Toronto hard to pass up.

Safety-wise, Toronto and Oakville are on par. Petty crime is typical for cities this size, and most residents feel comfortable going about their daily routines in either place.

Expats usually find Toronto gentler on the wallet – expenses run 1% less than in Oakville. Beyond cost, consider language, visa policies, and how big the international community is in each city.