Cost of Living Comparison Between Toronto and Parry Sound Cost of Living Comparison Between Toronto and Parry Sound

Monthly Cost of Living

A single person spends $2,811 per month in Toronto vs $2,423 in Parry Sound, rent included.

A couple spends around $4,130 per month in Toronto vs $3,208 in Parry Sound, rent included.

A family of three spends $5,449 per month in Toronto vs $3,993 in Parry Sound, rent included.

Toronto costs about 16% more than Parry Sound, driven mainly by Groceries & Markets.

Both Toronto and Parry Sound sit above the global median – Toronto by 110%, Parry Sound by 81%.

Meal at Budget Restaurant

$18.71 CA$25.99

$15.04 CA$20.89

24.40%

Three-Course Dinner for Two, Mid-Range

$81.9 CA$114

$44.81 CA$62.3

82.68%

Fast Food Meal (McDonalds, etc)

$10.83 CA$15.04

$11.19 CA$15.55

-3.22%

Cappuccino

$3.89 CA$5.40

$3.00 CA$4.17

29.67%

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

$2.22 CA$3.09

$1.85 CA$2.58

20.00%

Water (0.33 liter bottle)

$1.65 CA$2.29

$1.26 CA$1.76

30.95%

Local Beer (0.5 liter draught)

$6.05 CA$8.41

$5.14 CA$7.14

17.70%

Imported Beer (0.33 liter bottle)

$6.58 CA$9.15

$4.47 CA$6.22

47.20%

Milk (1 liter)

$2.73 CA$3.79

$2.34 CA$3.25

16.67%

White Bread (500g)

$2.72 CA$3.77

$2.19 CA$3.04

24.20%

Rice (white) (1kg)

$3.54 CA$4.91

$1.59 CA$2.21

122.64%

Eggs

$3.50 CA$4.86

$3.21 CA$4.46

9.03%

Local Cheese (1kg)

$13.53 CA$18.80

$4.35 CA$6.05

211.03%

Chicken Fillets (1kg)

$13.09 CA$18.19

$9.66 CA$13.42

35.51%

Beef Round Steak (1kg)

$16.96 CA$23.57

$7.55 CA$10.49

124.64%

Apples (1kg)

$4.16 CA$5.78

$3.55 CA$4.94

17.18%

Banana (1kg)

$1.18 CA$1.64

$0.76 CA$1.05

55.26%

Oranges (1kg)

$3.25 CA$4.51

$0.71 CA$0.99

357.75%

Tomato (1kg)

$4.12 CA$5.72

$2.24 CA$3.12

83.93%

Potato (1kg)

$2.50 CA$3.48

$1.78 CA$2.47

40.45%

Onion (1kg)

$2.88 CA$4.00

$1.43 CA$1.99

101.40%

Lettuce (1 head)

$2.35 CA$3.26

$1.43 CA$1.99

64.34%

Water (1.5 liter bottle)

$2.00 CA$2.78

$1.98 CA$2.76

1.01%

Cigarettes 20 Pack (Marlboro, Camel)

$14.58 CA$20.26

$12.53 CA$17.41

16.36%

Wine (Bottle)

$14.18 CA$19.70

$11.76 CA$16.34

20.58%

Local Beer (0.5 liter bottle)

$2.80 CA$3.89

$2.51 CA$3.48

11.55%

Imported Beer (0.33 liter bottle)

$3.25 CA$4.52

$2.64 CA$3.67

23.11%

One-way Ticket (Public Transport)

$2.40 CA$3.33

$2.38 CA$3.31

0.84%

Public Transport Monthly Pass (Regular Price)

$114 CA$158

$62.1 CA$86.2

83.74%

Taxi Start (Normal Tariff)

$3.76 CA$5.22

$3.21 CA$4.47

17.13%

Taxi (Normal Tariff) (1km)

$1.41 CA$1.96

$2.17 CA$3.02

-35.02%

Taxi 1hour Waiting (Normal Tariff)

$25.53 CA$35.47

$22.52 CA$31.29

13.37%

Gasoline (1 liter)

$1.10 CA$1.53

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

$25.2K CA$35.1K

$24.8K CA$34.5K

1.69%

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

$21.1K CA$29.3K

$20.6K CA$28.6K

2.50%

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

$120 CA$166

$172 CA$239

-30.33%

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

$37.54 CA$52.2

$33.25 CA$46.20

12.90%

Internet (50+ Mbps, Unlimited Data)

$54.5 CA$75.7

$53.1 CA$73.8

2.69%

Gym Membership (Monthly)

$55.5 CA$77.1

$41.07 CA$57.1

35.16%

Tennis Court (1 Hour on Weekend)

$21.15 CA$29.39

Cinema Ticket

$11.56 CA$16.06

$13.11 CA$18.22

-11.82%

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

$1,129 CA$1,569

$965 CA$1,341

16.99%

International Primary School, 1 Child (Yearly)

$18.0K CA$25.0K

$11.5K CA$16.0K

55.64%

Jeans (Levis 501 Or Similar)

$56.9 CA$79.1

$61.5 CA$85.4

-7.40%

Summer Dress (H&M, Zara, etc)

$39.96 CA$55.5

$44.39 CA$61.7

-9.98%

Sport Shoes (Adidas, Nike)

$89.7 CA$125

$96.8 CA$135

-7.40%

Men's Leather Business Shoes

$114 CA$159

$91.9 CA$128

24.35%

1-bedroom Apartment, City Center (Monthly)

$1,849 CA$2,570

$1,159 CA$1,610

59.62%

1-bedroom Apartment, Outside City Center (Monthly)

$1,560 CA$2,167

$1,402 CA$1,949

11.21%

3-bedroom Apartment, City Center (Monthly)

$2,925 CA$4,065

$2,004 CA$2,785

45.95%

3-bedroom Apartment, Outside City Center (Monthly)

$2,470 CA$3,432

$1,824 CA$2,535

35.41%

Buy Apartment in City Center (m2)

$9,085 CA$12.6K

$4,263 CA$5,923

113.12%

Buy Apartment Outside City Center (m2)

$7,036 CA$9,775

$4,066 CA$5,650

73.03%

Average Monthly Net Salary (After Tax)

$3,572 CA$4,963

$2,207 CA$3,067

61.82%

20-Year Fixed Mortgage Interest Rate (Annual %)

5.16

3.20%

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

Last update for Toronto: May 31, 2026

Last update for Parry Sound: June 1, 2026

Cost Breakdown

A central one-bedroom costs $1,849 in Toronto versus $1,159 in Parry Sound. 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 62% 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 $82.0 in Toronto versus $45.00 in Parry Sound. Monthly groceries follow the same trend: $396 vs $264 – making Parry Sound 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 Parry Sound: Cost of Living - Frequently Asked Questions

Toronto costs about 16% more than Parry Sound, with the gap driven mainly by Groceries & Markets. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $4,216 per month in Toronto and $3,635 in Parry Sound. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

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

Public transport costs about 84% less in Parry Sound. For daily commuters, that gap adds up to noticeable savings over a year.

Kindergarten costs $1,129 per month in Toronto and $965 in Parry Sound. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $2,000 monthly budget goes further in Parry Sound, where all-in costs run around $2,423, than in Toronto at $2,811. In Parry Sound it covers expenses comfortably, while in Toronto it requires careful planning or may not stretch far enough.

Families tend to lean toward Parry Sound – 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 Parry Sound. 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.