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 $2,620 per month in Toronto vs $2,329 in Parry Sound, rent included.

A couple spends around $3,866 per month in Toronto vs $3,226 in Parry Sound, rent included.

A family of three spends $5,111 per month in Toronto vs $4,122 in Parry Sound, rent included.

Toronto costs about 12% more than Parry Sound, driven mainly by Getting Around.

Both Toronto and Parry Sound sit above the global median – Toronto by 90%, Parry Sound by 69%.

Meal at Budget Restaurant

$17.85 CA$24.75

$18.26 CA$25.32

-2.25%

Three-Course Dinner for Two, Mid-Range

$86.8 CA$120

$51.5 CA$71.5

68.46%

Fast Food Meal (McDonalds, etc)

$10.94 CA$15.17

$10.93 CA$15.16

0.09%

Cappuccino

$4.01 CA$5.57

$3.29 CA$4.57

21.88%

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

$2.19 CA$3.04

$1.44 CA$1.99

52.08%

Water (0.33 liter bottle)

$1.69 CA$2.34

$1.11 CA$1.53

52.25%

Local Beer (0.5 liter draught)

$6.45 CA$8.94

$4.76 CA$6.59

35.50%

Imported Beer (0.33 liter bottle)

$7.05 CA$9.77

$4.26 CA$5.91

65.49%

Milk (1 liter)

$2.71 CA$3.77

$1.95 CA$2.70

38.97%

White Bread (500g)

$2.92 CA$4.05

$2.23 CA$3.09

30.94%

Rice (white) (1kg)

$2.48 CA$3.44

$1.57 CA$2.18

57.96%

Eggs

$3.85 CA$5.34

$3.23 CA$4.48

19.20%

Local Cheese (1kg)

$10.10 CA$14.01

$4.19 CA$5.81

141.05%

Chicken Fillets (1kg)

$12.02 CA$16.66

$10.92 CA$15.15

10.07%

Beef Round Steak (1kg)

$15.61 CA$21.65

$7.35 CA$10.20

112.38%

Apples (1kg)

$3.90 CA$5.41

$3.41 CA$4.73

14.37%

Banana (1kg)

$1.24 CA$1.72

$0.70 CA$0.97

77.14%

Oranges (1kg)

$3.78 CA$5.24

$0.71 CA$0.98

432.39%

Tomato (1kg)

$4.38 CA$6.08

$2.22 CA$3.08

97.30%

Potato (1kg)

$1.93 CA$2.67

$1.73 CA$2.40

11.56%

Onion (1kg)

$1.50 CA$2.08

$1.41 CA$1.96

6.38%

Lettuce (1 head)

$2.28 CA$3.17

$1.47 CA$2.04

55.10%

Water (1.5 liter bottle)

$1.46 CA$2.02

$1.62 CA$2.24

-9.88%

Cigarettes 20 Pack (Marlboro, Camel)

$14.52 CA$20.14

$12.40 CA$17.20

17.10%

Wine (Bottle)

$14.42 CA$20.00

$11.66 CA$16.17

23.67%

Local Beer (0.5 liter bottle)

$2.26 CA$3.14

$2.92 CA$4.05

-22.60%

Imported Beer (0.33 liter bottle)

$2.59 CA$3.60

$3.64 CA$5.05

-28.85%

One-way Ticket (Public Transport)

$2.36 CA$3.28

Public Transport Monthly Pass (Regular Price)

$114 CA$159

Taxi Start (Normal Tariff)

$3.16 CA$4.38

$8.64 CA$11.98

-63.43%

Taxi (Normal Tariff) (1km)

$1.26 CA$1.74

Taxi 1hour Waiting (Normal Tariff)

$22.57 CA$31.30

$18.84 CA$26.12

19.80%

Gasoline (1 liter)

$1.24 CA$1.72

$1.08 CA$1.50

14.81%

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

$27.3K CA$37.9K

$28.4K CA$39.4K

-3.75%

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

$20.7K CA$28.8K

$18.6K CA$25.8K

11.64%

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

$124 CA$172

$132 CA$183

-6.21%

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

$32.72 CA$45.38

$27.32 CA$37.89

19.77%

Internet (50+ Mbps, Unlimited Data)

$48.79 CA$67.7

$46.09 CA$63.9

5.86%

Gym Membership (Monthly)

$40.27 CA$55.9

$33.47 CA$46.42

20.32%

Tennis Court (1 Hour on Weekend)

$23.84 CA$33.06

Cinema Ticket

$12.82 CA$17.77

$10.16 CA$14.08

26.18%

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

$787 CA$1,092

$887 CA$1,231

-11.29%

International Primary School, 1 Child (Yearly)

$24.5K CA$34.0K

$28.2K CA$39.1K

-12.89%

Jeans (Levis 501 Or Similar)

$54.2 CA$75.2

$43.24 CA$60.0

25.44%

Summer Dress (H&M, Zara, etc)

$43.10 CA$59.8

$39.02 CA$54.1

10.46%

Sport Shoes (Adidas, Nike)

$97.9 CA$136

$97.6 CA$135

0.34%

Men's Leather Business Shoes

$126 CA$175

$98.9 CA$137

27.37%

1-bedroom Apartment, City Center (Monthly)

$1,660 CA$2,303

$1,135 CA$1,574

46.30%

1-bedroom Apartment, Outside City Center (Monthly)

$1,483 CA$2,057

$1,350 CA$1,873

9.84%

3-bedroom Apartment, City Center (Monthly)

$2,800 CA$3,883

$2,148 CA$2,980

30.32%

3-bedroom Apartment, Outside City Center (Monthly)

$2,157 CA$2,991

$2,184 CA$3,030

-1.28%

Buy Apartment in City Center (m2)

$8,381 CA$11.6K

Buy Apartment Outside City Center (m2)

$6,842 CA$9,489

Average Monthly Net Salary (After Tax)

$3,799 CA$5,269

$2,166 CA$3,004

75.38%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.47

4.56

-1.97%

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

Last update for Toronto: September 6, 2026

Last update for Parry Sound: September 5, 2026

Cost Breakdown

A central one-bedroom costs $1,660 in Toronto versus $1,135 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 75% 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 $87.0 in Toronto versus $52.0 in Parry Sound. Monthly groceries follow the same trend: $364 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 12% more than Parry Sound, with the gap driven mainly by Getting Around. That's enough to noticeably affect everyday spending and lifestyle for anyone choosing between the two.

For a comfortable life, plan on about $3,930 per month in Toronto and $3,494 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.

A mid-range dinner for two costs $87.0 in Toronto and $52.0 in Parry Sound. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

Groceries cost about 38% more in Toronto, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A $2,000 monthly budget goes further in Parry Sound, where all-in costs run around $2,329, than in Toronto at $2,620. 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.