Last update: Nov 2026

Cost of Living Comparison Between Toronto and Okotoks

For one person, living is cheaper in Okotoks: $2,294 a month against $2,599 in Toronto, rent and utilities included – about $3,700 less a year. Rent and utilities account for about half of the difference.

125

Cost of Living Index in Toronto
Learn more

Toronto Living Index
109

Cost of Living Index in Okotoks
Learn more

Okotoks Living Index

Jump to prices

Toronto

🇨🇦 Canada

$2,599

/mo nomad

Okotoks

🇨🇦 Canada

$2,294

/mo nomad

Monthly Cost of Living

How much you'll spend in Toronto and in Okotoks

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

A single person spends $2,599 per month in Toronto vs $2,294 in Okotoks, rent included.

Toronto $2,599
Okotoks $2,294

A couple spends around $3,700 per month in Toronto vs $3,188 in Okotoks, rent included.

Toronto $3,700
Okotoks $3,188

A family of three spends $4,801 per month in Toronto vs $4,082 in Okotoks, rent included.

Toronto $4,801
Okotoks $4,082

Toronto costs about 13% more than Okotoks, and outside of rent the biggest gap is in eating out.

Both Toronto and Okotoks sit above the global median – Toronto by 92%, Okotoks by 70%.

Meal at Budget Restaurant

$17.98 CA$25.09

$10.76 CA$15.02

67.10%

Three-Course Dinner for Two, Mid-Range

$72.3 CA$101

$77.6 CA$108

-6.91%

Fast Food Meal (McDonalds, etc)

$10.83 CA$15.11

$9.90 CA$13.81

9.39%

Cappuccino

$4.34 CA$6.06

$4.03 CA$5.63

7.69%

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

$2.16 CA$3.01

$1.59 CA$2.22

35.85%

Water (0.33 liter bottle)

$1.66 CA$2.31

$1.63 CA$2.27

1.84%

Local Beer (0.5 liter draught)

$6.35 CA$8.86

$4.86 CA$6.78

30.66%

Imported Beer (0.33 liter bottle)

$7.34 CA$10.24

$4.97 CA$6.94

47.69%

Milk (1 liter)

$2.57 CA$3.58

$1.67 CA$2.33

53.89%

White Bread (500g)

$2.71 CA$3.78

$2.23 CA$3.11

21.52%

Rice (white) (1kg)

$2.28 CA$3.18

$2.96 CA$4.13

-22.97%

Eggs

$3.60 CA$5.03

$3.64 CA$5.08

-1.10%

Local Cheese (1kg)

$8.94 CA$12.48

$10.95 CA$15.29

-18.36%

Chicken Fillets (1kg)

$11.19 CA$15.62

$11.68 CA$16.30

-4.20%

Beef Round Steak (1kg)

$15.23 CA$21.25

$19.09 CA$26.63

-20.22%

Apples (1kg)

$3.74 CA$5.23

$3.90 CA$5.44

-4.10%

Banana (1kg)

$1.23 CA$1.71

$1.23 CA$1.72

Oranges (1kg)

$3.58 CA$5.00

$4.29 CA$5.99

-16.55%

Tomato (1kg)

$4.25 CA$5.93

$4.00 CA$5.58

6.25%

Potato (1kg)

$1.94 CA$2.71

$2.20 CA$3.07

-11.82%

Onion (1kg)

$1.67 CA$2.33

$1.81 CA$2.53

-7.73%

Lettuce (1 head)

$2.30 CA$3.21

$2.47 CA$3.45

-6.88%

Water (1.5 liter bottle)

$1.26 CA$1.76

$1.85 CA$2.59

-31.89%

Cigarettes 20 Pack (Marlboro, Camel)

$14.19 CA$19.81

$12.73 CA$17.76

11.47%

Wine (Bottle)

$14.25 CA$19.89

$11.65 CA$16.25

22.32%

Local Beer (0.5 liter bottle)

$2.28 CA$3.18

$3.52 CA$4.92

-35.23%

Imported Beer (0.33 liter bottle)

$2.58 CA$3.60

$2.96 CA$4.12

-12.84%

One-way Ticket (Public Transport)

$2.35 CA$3.28

$2.56 CA$3.58

-8.20%

Public Transport Monthly Pass (Regular Price)

$111 CA$155

$52.8 CA$73.7

110.23%

Taxi Start (Normal Tariff)

$3.01 CA$4.21

$2.86 CA$3.99

5.24%

Taxi (Normal Tariff) (1km)

$1.22 CA$1.71

$1.42 CA$1.98

-14.08%

Taxi 1hour Waiting (Normal Tariff)

$21.82 CA$30.46

$21.42 CA$29.90

1.87%

Gasoline (1 liter)

$1.23 CA$1.72

$1.00 CA$1.39

23.00%

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

$27.0K CA$37.6K

$27.9K CA$38.9K

-3.40%

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

$21.8K CA$30.5K

$20.7K CA$28.9K

5.65%

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

$121 CA$169

$228 CA$318

-46.95%

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

$33.10 CA$46.19

$45.75 CA$63.8

-27.65%

Internet (50+ Mbps, Unlimited Data)

$49.09 CA$68.5

$55.6 CA$77.6

-11.74%

Gym Membership (Monthly)

$36.65 CA$51.2

$27.12 CA$37.85

35.14%

Tennis Court (1 Hour on Weekend)

$25.01 CA$34.90

Cinema Ticket

$12.78 CA$17.83

$12.04 CA$16.80

6.15%

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

$754 CA$1,053

$631 CA$880

19.60%

International Primary School, 1 Child (Yearly)

$33.7K CA$47.0K

$9,542 CA$13.3K

253.05%

Jeans (Levis 501 Or Similar)

$50.4 CA$70.3

$41.31 CA$57.7

21.98%

Summer Dress (H&M, Zara, etc)

$41.43 CA$57.8

$46.03 CA$64.2

-9.99%

Sport Shoes (Adidas, Nike)

$101 CA$141

$59.8 CA$83.5

69.20%

Men's Leather Business Shoes

$130 CA$182

$72.0 CA$100

80.98%

1-bedroom Apartment, City Center (Monthly)

$1,590 CA$2,218

$1,200 CA$1,675

32.45%

1-bedroom Apartment, Outside City Center (Monthly)

$1,424 CA$1,988

$1,164 CA$1,624

22.38%

3-bedroom Apartment, City Center (Monthly)

$2,641 CA$3,686

$1,713 CA$2,391

54.14%

3-bedroom Apartment, Outside City Center (Monthly)

$2,090 CA$2,917

$1,589 CA$2,217

31.57%

Buy Apartment in City Center (m2)

$7,730 CA$10.8K

$3,055 CA$4,263

153.05%

Buy Apartment Outside City Center (m2)

$6,892 CA$9,618

$3,169 CA$4,423

117.46%

Average Monthly Net Salary (After Tax)

$3,623 CA$5,056

$2,982 CA$4,161

21.50%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.45

4.32

3.01%

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

Last update for Toronto: November 2, 2026

Last update for Okotoks: November 1, 2026

Monthly budget structure

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

Accommodation & Living

Toronto

$1.4K 54.8%

Okotoks

$1.2K 50.7% 18.3% $261

Groceries & Markets

Toronto

$345 13.3%

Okotoks

$367 16% 6.4% $22

Eating Out

Toronto

$290 11.2%

Okotoks

$211 9.2% 27.2% $79

Monthly Utilities & Internet

Toronto

$203 7.8%

Okotoks

$329 14.3% 62.1% $126

Clothing & Footwear

Toronto

$145 5.6%

Okotoks

$99 4.3% 32.2% $47

Getting Around

Toronto

$130 5%

Okotoks

$73 3.2% 43.6% $57

Sport & Entertainment

Toronto

$62 2.4%

Okotoks

$51 2.2% 17.7% $11

Cost Breakdown

A central one-bedroom costs $1,590 in Toronto versus $1,200 in Okotoks. 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 22% higher in Toronto. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $72 in Toronto versus $78 in Okotoks. Monthly groceries follow the same trend: $345 vs $367 – making Toronto the more affordable choice for daily food spending.

Good to know

🇨🇦 Toronto

🇨🇦 Okotoks

🕒 Local time

07:16 7:16 AM

06:16 6:16 AM

1 h behind Toronto

🌤 Weather

👥 Population

2,731,571

30,214

💱 Currency

Canadian Dollar CAD $

📈 Exchange rate

1 CAD = 0.717 USD

1 CAD = 0.639 EUR

1 CAD = 0.717 USD

1 CAD = 0.639 EUR

Exchange rates and currency converter

On the map

Lowest

Highest

Between locations

Toronto Okotoks 2,700 km ≈ 4 h nonstop flight

From you

Toronto
Okotoks

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 Okotoks: Cost of Living - Frequently Asked Questions

Monthly costs with rent: $2,599 in Toronto, $2,294 in Okotoks – Okotoks comes out roughly 12% cheaper. Outside of rent, the biggest gap is in eating out.

For a comfortable life, plan on about $3,899 per month in Toronto and $3,441 in Okotoks. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Okotoks, especially for central apartments: a one-bedroom in the center costs $1,200 there versus $1,590 in Toronto.

Interestingly, groceries are about 6% cheaper in Toronto – one category where the pricier city actually offers better value.

A mid-range dinner for two costs $72 in Toronto and $78 in Okotoks. That’s a good indicator of the overall restaurant and café pricing gap between the two cities.

$3,000 covers both cities comfortably – all-in costs are $2,599 in Toronto and $2,294 in Okotoks, leaving budget for savings and extras in both cases.

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

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